FDIC Certificate #: 31222 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Fifth Third Bank, Northwestern Ohio, National Association (#776) Federal Reserve ID: 900575 Date Established: January 01, 1960 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 6565 FDIC's unique #: 44056 Numeric code: 35 Regulator: OTS Insurance Fund Membership: Savings Association Insurance Fund (SAIF) FDIC Insured: Yes SAIF Insured: Yes Insured Savings Institution: Yes Oakar Institutions: Yes State Chartered: Yes Date of Deposit Insurance: April 28, 1961 Last Structure Change Effective Date: August 06, 1999 Last Structure Change Process Date: September 09, 1999 Last Data Update: September 09, 1999 Data Source Date: April 05, 2012
Location
Address: 14092 Pearl Road, Strongsville, OH 44136 County: Cuyahoga Quarterly Banking Profile Region: Chicago FDIC Geographic Region: Chicago FDIC Supervisory Region: Chicago FDIC Field Office: Columbus Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: Central Metropolitan Statistical Area (MSA): Cleveland-Lorain-Elyria, OH (#1680) Consolidated Metropolitan Statistical Area (CMSA): Cleveland-Akron, OH (#28) Combined Statistical Area (CSA): Cleveland-Akron-Elyria, OH (#184) Core Based Statistical Area (CBSA): Cleveland-Elyria-Mentor, OH (#17460) CBSA Metro Statistical Area: Cleveland-Elyria-Mentor, OH (#17460)
Financial Summary
Total assets: $657.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1998)
Dollar figures in thousands
131Total employees (full-time equivalent)
$667,667Total assets
$24,137Cash and due from depository institutions
$14,157Interest-bearing balances
$76,576Securities
$0Federal funds sold & reverse repurchase agreements
$536,519Net loans & leases
$1,778Loan loss allowance
$0Trading account assets
$4,948Bank premises and fixed assets
$0Other real estate owned
$914Goodwill and other intangibles
$0Life insurance assets
$24,573All other assets
$667,667Total liabilities and capital
$613,798Total liabilities
$561,372Total deposits
$543,724Interest-bearing deposits
$561,372Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$48,232Other borrowed funds
$0Subordinated debt
$4,194All other liabilities
$53,869Total equity capital
$53,869Total bank equity capital
$53,869Perpetual preferred stock
$0Common stock
$9,831Surplus
$0Undivided profits
Memoranda
$44,038Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$2,001Earning assets
$0Long-term assets (5+ years)
$2,552Average Assets, year-to-date
$627,252Average Assets, quarterly
$0Volatile liabilities
$628,713Insider loans
$654,781FHLB advances
$136,515Loans and leases held for sale
$954Unused loan commitments
$48,232Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$111,047Total unused commitments
$0Restructured Loans and leases
$438,842Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$45,620Total interest income
$28,736Total interest expense
$16,884Net interest income
$710Provision for loan and lease losses
$3,648Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$3,648Additional noninterest income
$9,438Total noninterest expense
$3,781Salaries and employee benefits
$2,075Premises and equipment expense
$3,582Additional noninterest expense
$10,384Pre-tax net operating income
$421Securities gains (losses)
$3,431Applicable income taxes
$7,374Income before extraordinary items
$117Extraordinary gains - net
$7,491Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$557Sale, conversion, retirement of capital stock, net
$970Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.71%Yield on earning assets
4.85%Cost of funding earning assets
2.85%Net interest margin
0.62%Noninterest income to earning assets
1.59%Noninterest expense to earning assets
1.13%Net operating income to assets
1.19%Return on assets (ROA)
1.74%Pretax return on assets
14.72%Return on equity (ROE)
12.81%Retained earnings to average equity (YTD only)
0.11%Net charge-offs to loans
127.47%Credit loss provision to net charge-offs
19.92%Efficiency ratio
45,427Assets per employee
5.10%Cash dividends to net income (YTD only)
Condition Ratios (%)
12.95%Loss allowance to loans
0.33%Loss allowance to noncurrent loans
88.86%Noncurrent assets plus other real estate owned to assets
0.30%Noncurrent loans to loans
0.37%Net loans and leases to deposits
95.57%Net loans and leases to core deposits
113.41%Equity capital to assets
8.07%Core capital (leverage) ratio
8.02%Tier 1 risk-based capital ratio
12.19%Total risk-based capital ratio
Memoranda
$13Average assets
$628,713Average earning assets
$50,894Average equity
$591,941Average loans
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