Sky Bank
Salineville, OH — State Member Bank
Acquired Sep 2007
Vitals
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Total Assets16.6B 6.8 %
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Total Deposits12.9B 14.3 %
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Total Net Loans13.1B 18.1 %
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Net Income38.8M -58.6 %
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Book Value2.0B 26.9 %
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Book Value x23.9B 26.9 %
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Book Value x35.9B 26.9 %
Balance Sheet Highlights
Financial Highlights | Sky Bank | All Insured Commercial Banks in Ohio |
Balance Sheet $(000) | ||
Total Assets | 16,609,763 | 316,630 |
Total Net Loans | 13,106,991 | 679,703 |
Total Deposits | 12,937,515 | 244,819 |
Total Equity | 2,070,872 | 29,904 |
Profitability | ||
Net Income | 38,753 | 64,330 |
Return on Average Assets | .443 | 1.91 |
Return on Average Equity | 3.901 | 10.452 |
Net Interest Margin | 3.843 | 3.89 |
Efficiency Ratio | 58.043 | 70.151 |
Noninterest Income/Revenue | 14.227 | 20.431 |
Balance Sheet Ratios | ||
Loan-to-Deposit | 101.31 | 84.363 |
Securities/Assets | .036 | 3.621 |
Total Equity/Total Assets | .125 | .094 |
Tangible Equity/Tangible Assets | .071 | -5.2 |
Capital Adequacy | ||
Tier 1 Common Capital | — | — |
Tier 1 Capital | 1,349,347 | 27,876 |
Tier 2 Capital | 245,082 | 17,217 |
Total Capital | 1,594,429 | 31,505 |
Total Risk Weighted Assets | 14,219,524 | 229,232 |
Leverage Ratio | 8.09 | 10.563 |
Common Equity Tier 1 Capital Ratio | — | — |
Tier 1 Capital Ratio | 9.49 | 16.14 |
Total Capital Ratio | 11.21 | 17.336 |
Timeline for Sky Bank
The Huntington National Bank
Sky Bank was acquired by The Huntington National Bank 16 years
View Profile Sep 21 2007Huntington Bancshares Incorporated
Huntington Bancshares Incorporated became a new parent organization for Sky Bank.
View Profile Jul 01 2007Perpetual State Bank
Acquisition: Sky Bank acquired a new subsidiary, Perpetual State Bank, 17 years
View Profile Dec 09 2006Union Federal Bank Of Indianapolis
Acquisition: Sky Bank acquired a new subsidiary, Union Federal Bank Of Indianapolis, 17 years
View Profile Nov 03 2006Falls Bank
Acquisition: Sky Bank acquired a new subsidiary, Falls Bank, 18 years
View Profile Dec 03 2005Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
The Huntington National Bank | Buyer | 100,416,340 | Acquisition | Discontinued | 9/21/2007 |
Perpetual State Bank | Seller | 74,020 | Pooling of Interests | Discontinued | 12/9/2006 |
Union Federal Bank Of Indianapolis | Seller | 2,461,979 | Pooling of Interests | Discontinued | 11/3/2006 |
Falls Bank | Seller | 80,348 | Pooling of Interests | Discontinued | 12/3/2005 |
Belmont National Bank | Seller | 291,044 | Pooling of Interests | Discontinued | 6/3/2005 |
Prospect Bank | Seller | 210,885 | Pooling of Interests | Discontinued | 12/3/2004 |
The Second National Bank Of Warren | Seller | 2,002,717 | Pooling of Interests | Discontinued | 7/2/2004 |
Great Lakes Bank | Seller | 208,001 | Pooling of Interests | Discontinued | 12/13/2003 |
Metropolitan Bank And Trust | Seller | 1,336,502 | Pooling of Interests | Discontinued | 5/16/2003 |
Three Rivers Bank And Trust Company | Seller | 1,015,162 | Pooling of Interests | Discontinued | 10/26/2002 |
Sky Technology Resources, Inc. | Seller | Pooling of Interests | Discontinued | 3/31/2002 | |
Sky Bank-Mid Am Region | Seller | 2,106,829 | Pooling of Interests | Discontinued | 12/31/2001 |
Sky Bank | Seller | 4,881,593 | Pooling of Interests | Discontinued | 12/31/2001 |
Amerifirst Bank, National Association | Seller | 244,542 | Pooling of Interests | Discontinued | 12/5/1998 |
American Community Bank, National Association | Seller | 370,155 | Pooling of Interests | Discontinued | 12/5/1998 |
Citizens Community Bank | Seller | 23,725 | Discontinued | 3/1/1991 | |
Ottawa Home And Savings Association | Seller | Discontinued | 4/11/1985 |
Relationships | Role | Relationship Start | Relationship End |
Huntington Bancshares Incorporated | Parent | 7/1/2007 | 9/20/2007 |
Sky Financial Group, Inc. | Parent | 12/5/1998 | 6/30/2007 |
Sky Capital Llc | Subsidary | 11/27/2002 | 9/20/2007 |
Metropolitan Savings Service Corporation | Subsidary | 5/16/2003 | 9/20/2007 |
Second National Loan Servicing Company | Subsidary | 7/2/2004 | 3/31/2006 |
Second National Financial Company, Llc | Subsidary | 7/2/2004 | 3/30/2006 |
Insurance Holding Company | Subsidary | 12/31/2001 | 5/1/2005 |
Sky Access, Inc. | Subsidary | 12/31/2001 | 8/30/2004 |
First Western Insurance Services, Inc. | Subsidary | 12/31/2001 | 8/10/2004 |
Sky Community Development Company | Subsidary | 7/28/2004 | 7/29/2004 |
Mid Am Title Insurance Agency, Inc. | Subsidary | 12/31/2001 | 4/28/2002 |
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