FDIC Certificate #: 58433 Status: Active Federal Reserve ID: 3588424 Bank Holding Company (Regulatory Top Holder): Waterford Bancorp (RSSDID: 3588415, Location: Toledo, OH) Date Established: August 29, 2007 WWW:http://www.waterfordbankna.com Trust Powers Granted: No Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 451642 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: 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: Commercial Lending Specialization Date of Deposit Insurance: August 29, 2007 Last Structure Change Effective Date: September 27, 2007 Last Structure Change Process Date: October 01, 2007 Last Data Update: October 01, 2007 Data Source Date: April 05, 2012
Location
Address: 3900 N. Mccord Rd, Toledo, OH 43617 County: Lucas 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): Toledo, OH (#8400) Combined Statistical Area (CSA): Toledo-Fremont, OH (#534) Core Based Statistical Area (CBSA): Toledo, OH (#45780) CBSA Metro Statistical Area: Toledo, OH (#45780)
History of Changes
Change in Location
Financial Summary
Total assets: $363.9 mil Equity capital: $37.4 mil Deposits held in domestic offices: $325.5 mil Return on assets (ROA): 0.89% ($3.2 mil) Quarterly return on assets: 1.09% ($4.0 mil) Return on Equity (ROE): 8.70% ($3.2 mil) Quarterly return on equity: 10.72% ($4.0 mil) Net income: $3.1 mil Quarterly Net income: $1.0 mil Pretax return on assets: 1.30% ($4,730.8 mil) Quarterly Pretax return on assets: 1.50% ($5,458.6 mil)
2000 - 2011 Historical total assets, liabilities and capital ($ 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
41Total employees (full-time equivalent)
$363,909Total assets
$31,752Cash and due from depository institutions
$27,210Interest-bearing balances
$70,279Securities
$1,235Federal funds sold & reverse repurchase agreements
$251,152Net loans & leases
$3,207Loan loss allowance
$0Trading account assets
$3,915Bank premises and fixed assets
$50Other real estate owned
$0Goodwill and other intangibles
$363,909Life insurance assets
$5,526All other assets
$326,552Total liabilities and capital
$325,521Total liabilities
$285,706Total deposits
$325,521Interest-bearing deposits
$74Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$1,031Subordinated debt
$37,357All other liabilities
$37,357Total equity capital
$37,357Total bank equity capital
$0Perpetual preferred stock
$12,500Common stock
$22,567Surplus
$2,290Undivided profits
Memoranda
$0Noncurrent loans and leases
$2,315Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$910Long-term assets (5+ years)
$349,876Average Assets, year-to-date
$30,176Average Assets, quarterly
$342,750Volatile liabilities
$364,071Insider loans
$266,970FHLB advances
$357,503Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$36,734Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$99,257Restructured Loans and leases
$16,103Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$13,990Total interest income
$2,384Total interest expense
$11,606Net interest income
$609Provision for loan and lease losses
$1,990Total noninterest income
$0Fiduciary activities
$273Service charges on deposit accounts
$0Trading account gains & fees
$1,717Additional noninterest income
$8,573Total noninterest expense
$5,436Salaries and employee benefits
$530Premises and equipment expense
$2,607Additional noninterest expense
$4,414Pre-tax net operating income
$36Securities gains (losses)
$1,392Applicable income taxes
$3,058Income before extraordinary items
$0Extraordinary gains - net
$3,058Net income attributable to bank
$0Net charge-offs
$3,058Cash dividends
$52Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.27%Yield on earning assets
0.73%Cost of funding earning assets
3.55%Net interest margin
0.61%Noninterest income to earning assets
2.62%Noninterest expense to earning assets
0.88%Net operating income to assets
0.89%Return on assets (ROA)
1.30%Pretax return on assets
8.70%Return on equity (ROE)
8.70%Retained earnings to average equity (YTD only)
0.02%Net charge-offs to loans
1171.15%Credit loss provision to net charge-offs
96.60%Efficiency ratio
63,055Assets per employee
8.88%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.26%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.01%Noncurrent loans to loans
0.00%Net loans and leases to deposits
77.15%Net loans and leases to core deposits
111.92%Equity capital to assets
10.27%Core capital (leverage) ratio
10.28%Tier 1 risk-based capital ratio
13.76%Total risk-based capital ratio
Memoranda
$15Average assets
$342,750Average earning assets
$35,164Average equity
$327,343Average loans
List of branches
1 Ohio Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
451642
Waterford Bank, N.A.
3900 N. Mccord Rd, Toledo, OH 43617
August 29, 2007
Full Service Brick and Mortar
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