Vitals
  • Total Assets
    208.0M
  • Total Deposits
    193.3M
  • Total Net Loans
    158.1M
  • Net Income
    1.1M
  • Book Value
    14.2M
  • Book Value x2
    28.5M
  • Book Value x3
    42.7M
ROAA

.785

ROAE

10.871

Efficiency Ratio

72.094

Net Interest Margin

4.481

Balance Sheet Highlights
Financial Highlights Great Lakes Bank All Insured Commercial Banks in Ohio
Balance Sheet $(000)
Total Assets 208,001 360,808
Total Net Loans 158,104 806,941
Total Deposits 193,300 250,742
Total Equity 14,234 34,664
Profitability
Net Income 1,112 22,865
Return on Average Assets .785 1.401
Return on Average Equity 10.871 12.422
Net Interest Margin 4.481 4.112
Efficiency Ratio 72.094 63.194
Noninterest Income/Revenue 10.93 24.177
Balance Sheet Ratios
Loan-to-Deposit 81.792 79.64
Securities/Assets .016 1.715
Total Equity/Total Assets .068 .096
Tangible Equity/Tangible Assets .066 -.816
Capital Adequacy
Tier 1 Common Capital — —
Tier 1 Capital 14,061 30,262
Tier 2 Capital 1,601 25,736
Total Capital 15,662 35,076
Total Risk Weighted Assets 149,165 257,495
Leverage Ratio 7.19 9.823
Common Equity Tier 1 Capital Ratio — —
Tier 1 Capital Ratio 9.43 15.717
Total Capital Ratio 10.5 17.108

Timeline for Great Lakes Bank

Sky Bank

Great Lakes Bank was acquired by Sky Bank 20 years

View Profile Dec 13 2003

Sky Financial Group, Inc.

Sky Financial Group, Inc. became a new parent organization for Great Lakes Bank.

View Profile Oct 19 2003

Glb Bancorp, Inc.

Glb Bancorp, Inc. became a new parent organization for Great Lakes Bank.

View Profile Sep 15 1997

Great Lakes Bank

Great Lakes Bank was established 66 years ago and is currently headquartered in Mentor, OH.

Jun 13 1957
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
Sky Bank Buyer 16,609,763 Pooling of Interests Discontinued 12/13/2003
Relationships Role Relationship Start Relationship End
Sky Financial Group, Inc. Parent 10/19/2003 12/12/2003
Glb Bancorp, Inc. Parent 9/15/1997 10/18/2003
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