FDIC Certificate #: 29495 Status: Active Federal Reserve ID: 380878 Date Established: January 01, 1889 WWW:http://www.vanwertfederal.com Trust Powers Granted: No Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) Offices: 1 (Domestic: 1, Interstate: No) OTS Docket #: 3551 FDIC's unique #: 42329 Numeric code: 34 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: No Subchapter S Corporations: No Asset Concentration Hierarchy: Mortgage Lending Specialization Date of Deposit Insurance: Febuary 27, 1936 Last Structure Change Effective Date: July 21, 2011 Last Structure Change Process Date: July 21, 2011 Last Data Update: July 21, 2011 Data Source Date: April 05, 2012
Location
Address: 976 South Shannon Street, Van Wert, OH 45891 County: Van Wert 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 Combined Statistical Area (CSA): Lima-Van Wert-Wapakoneta, OH (#338) Core Based Statistical Area (CBSA): Van Wert, OH (#46780) CBSA Micro Statistical Area: Yes
History of Changes
Change in Primary Regulatory Agency
Financial Summary
Total assets: $128.4 mil Equity capital: $21.6 mil Deposits held in domestic offices: $106.4 mil Return on assets (ROA): 0.37% ($0.5 mil) Quarterly return on assets: 0.52% ($0.7 mil) Return on Equity (ROE): 2.23% ($0.5 mil) Quarterly return on equity: 3.10% ($0.7 mil) Net income: $0.5 mil Quarterly Net income: $0.2 mil Pretax return on assets: 0.57% ($732.0 mil) Quarterly Pretax return on assets: 0.81% ($1,040.2 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
2000 - 2011 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, 2011)
Dollar figures in thousands
14Total employees (full-time equivalent)
$128,425Total assets
$18,888Cash and due from depository institutions
$18,219Interest-bearing balances
$26,952Securities
$0Federal funds sold & reverse repurchase agreements
$79,887Net loans & leases
$220Loan loss allowance
$0Trading account assets
$1,010Bank premises and fixed assets
$76Other real estate owned
$0Goodwill and other intangibles
$128,425Life insurance assets
$1,612All other assets
$106,799Total liabilities and capital
$106,358Total liabilities
$105,888Total deposits
$106,358Interest-bearing deposits
$99Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$149Trading liabilities
$0Other borrowed funds
$292Subordinated debt
$21,626All other liabilities
$21,626Total equity capital
$21,626Total bank equity capital
$0Perpetual preferred stock
$0Common stock
$0Surplus
$21,626Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$638Income earned, not collected on loans
$0Earning assets
$253Long-term assets (5+ years)
$125,058Average Assets, year-to-date
$0Average Assets, quarterly
$129,363Volatile liabilities
$129,366Insider loans
$55,790FHLB advances
$128,172Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$21,459Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$1,048Restructured Loans and leases
$503Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$4,906Total interest income
$1,691Total interest expense
$3,215Net interest income
$42Provision for loan and lease losses
$56Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$56Additional noninterest income
$2,486Total noninterest expense
$1,480Salaries and employee benefits
$277Premises and equipment expense
$729Additional noninterest expense
$743Pre-tax net operating income
$0Securities gains (losses)
$267Applicable income taxes
$476Income before extraordinary items
$0Extraordinary gains - net
$476Net income attributable to bank
$0Net charge-offs
$476Cash dividends
$41Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
3.89%Yield on earning assets
1.34%Cost of funding earning assets
2.55%Net interest margin
0.04%Noninterest income to earning assets
1.97%Noninterest expense to earning assets
0.37%Net operating income to assets
0.37%Return on assets (ROA)
0.57%Pretax return on assets
2.23%Return on equity (ROE)
2.23%Retained earnings to average equity (YTD only)
0.05%Net charge-offs to loans
102.44%Credit loss provision to net charge-offs
19.15%Efficiency ratio
76,001Assets per employee
9.17%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.27%Loss allowance to noncurrent loans
34.48%Noncurrent assets plus other real estate owned to assets
0.56%Noncurrent loans to loans
0.80%Net loans and leases to deposits
75.11%Net loans and leases to core deposits
76.48%Equity capital to assets
16.84%Core capital (leverage) ratio
16.74%Tier 1 risk-based capital ratio
38.46%Total risk-based capital ratio
Memoranda
$39Average assets
$129,363Average earning assets
$21,389Average equity
$125,970Average loans
List of branches
1 Ohio Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
42329
Van Wert Federal Savings Bank
976 South Shannon Street, Van Wert, OH 45891
January 01, 1889
Full Service Brick and Mortar
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