Van Wert National Bank in Van Wert, Ohio (OH)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 01, 1997

Van Wert National Bank in Van Wert, Ohio (OH)
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Van Wert National Bank - Overview

General
FDIC Certificate #: 6718
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Community First Bank & Trust (#10660)
Federal Reserve ID: 242024
Date Established: October 06, 1933
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 4 (Interstate: No)
OTS Docket #: 13714
FDIC's unique #: 4500
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: No
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: November 01, 1997
Last Structure Change Process Date: December 18, 1997
Last Data Update: December 18, 1997
Data Source Date: April 05, 2012
Location
Address: 102 East Main 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
Financial Summary
Total assets: $133.2 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

Dollar figures in thousands
0Total employees (full-time equivalent)
$58Total assets
$129,763Cash and due from depository institutions
$7,304Interest-bearing balances
$465Securities
$16,989Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$100,271Loan loss allowance
$1,090Trading account assets
$0Bank premises and fixed assets
$2,330Other real estate owned
$32Goodwill and other intangibles
$2,837Life insurance assets
$0All other assets
$0Total liabilities and capital
$129,763Total liabilities
$120,231Total deposits
$101,463Interest-bearing deposits
$87,810Deposits held in domestic offices
101463.00%% insured (estimated)
$89Federal funds purchased & repurchase agreements
$16,098Trading liabilities
$0Other borrowed funds
$1,977Subordinated debt
$0All other liabilities
$693Total equity capital
$693Total bank equity capital
$9,532Perpetual preferred stock
$0Common stock
$2,450Surplus
$3,000Undivided profits
Memoranda
$4,082Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$308Income earned, not collected on loans
$1,090Earning assets
$117,725Long-term assets (5+ years)
$11,286Average Assets, year-to-date
$124,640Average Assets, quarterly
$127,914Volatile liabilities
$31,539Insider loans
$3,835FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$15,202Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$9,506Total risk weighted assets
$92,206Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$10,389Total interest expense
$4,139Net interest income
$6,250Provision for loan and lease losses
$122Total noninterest income
$1,000Fiduciary activities
$59Service charges on deposit accounts
$346Trading account gains & fees
$0Additional noninterest income
$595Total noninterest expense
$3,712Salaries and employee benefits
$1,856Premises and equipment expense
$432Additional noninterest expense
$1,424Pre-tax net operating income
$3,416Securities gains (losses)
$0Applicable income taxes
$1,171Income before extraordinary items
$2,245Extraordinary gains - net
$0Net income attributable to bank
$2,245Net charge-offs
$172Cash dividends
$1,594Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1996)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
9.08%Cost of funding earning assets
3.62%Net interest margin
5.46%Noninterest income to earning assets
0.87%Noninterest expense to earning assets
3.24%Net operating income to assets
1.80%Return on assets (ROA)
1.80%Pretax return on assets
2.74%Return on equity (ROE)
23.99%Retained earnings to average equity (YTD only)
6.96%Net charge-offs to loans
0.18%Credit loss provision to net charge-offs
70.93%Efficiency ratio
51,200Assets per employee
2.24%Cash dividends to net income (YTD only)
Condition Ratios (%)
71.00%Loss allowance to loans
1.08%Loss allowance to noncurrent loans
353.90%Noncurrent assets plus other real estate owned to assets
0.26%Noncurrent loans to loans
0.30%Net loans and leases to deposits
98.83%Net loans and leases to core deposits
116.56%Equity capital to assets
7.35%Core capital (leverage) ratio
7.52%Tier 1 risk-based capital ratio
10.31%Total risk-based capital ratio
Memoranda
$11Average assets
$124,640Average earning assets
$9,357Average equity
$114,410Average loans

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