The Lorain National Bank
Lorain, OH — Domestic Branch of a Domestic Bank
Acquired Aug 2015
Vitals
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Total Assets1.2B 0.1 %
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Total Deposits1.1B 0.3 %
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Total Net Loans922.0M 3.3 %
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Net Income4.6M 10.9 %
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Book Value130.6M 3.6 %
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Book Value x2261.3M 3.6 %
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Book Value x3391.9M 3.6 %
Balance Sheet Highlights
| Financial Highlights | The Lorain National Bank | All Insured Commercial Banks in Ohio |
| Balance Sheet $(000) | ||
| Total Assets | 1,237,190 | 451,800 |
| Total Net Loans | 921,959 | 299,304 |
| Total Deposits | 1,053,642 | 370,746 |
| Total Equity | 130,649 | 47,707 |
| Profitability | ||
| Net Income | 4,596 | 2,191 |
| Return on Average Assets | .738 | .858 |
| Return on Average Equity | 7.073 | 7.72 |
| Net Interest Margin | 3.177 | 3.633 |
| Efficiency Ratio | 72.876 | 68.944 |
| Noninterest Income/Revenue | 22.286 | 20.697 |
| Balance Sheet Ratios | ||
| Loan-to-Deposit | 87.502 | 74.822 |
| Securities/Assets | .168 | .207 |
| Total Equity/Total Assets | .106 | .106 |
| Tangible Equity/Tangible Assets | .086 | .093 |
| Capital Adequacy | ||
| Tier 1 Common Capital | 110,011 | 43,016 |
| Tier 1 Capital | 110,011 | 43,285 |
| Tier 2 Capital | 12,724 | 3,761 |
| Total Capital | 122,735 | 47,040 |
| Total Risk Weighted Assets | 1,014,706 | 321,044 |
| Leverage Ratio | 8.93 | 10.563 |
| Common Equity Tier 1 Capital Ratio | 10.84 | 16.875 |
| Tier 1 Capital Ratio | 10.84 | 16.884 |
| Total Capital Ratio | 12.1 | 17.997 |
Timeline for The Lorain National Bank
Northwest Bank
The Lorain National Bank was acquired by Northwest Bank 8 years
View Profile Aug 15 2015
Morgan Bank, National Association
Acquisition: The Lorain National Bank acquired a new subsidiary, Morgan Bank, National Association, 17 years
View Profile May 10 2007
Lnb Mortgage, Llc
Lnb Mortgage, Llc became a new subsidiary organization for The Lorain National Bank.
View Profile Aug 31 2004
North Coast Community Development Corporation
North Coast Community Development Corporation became a new subsidiary organization for The Lorain National Bank.
View Profile Jul 16 2002
Lnb Bancorp Inc.
Lnb Bancorp Inc. became a new parent organization for The Lorain National Bank.
View Profile Mar 30 1984
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Complete timeline for The Lorain National Bank is available.
View Complete Timeline| Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
| Northwest Bank | Buyer | 9,758,868 | Acquisition | Discontinued | 8/15/2015 |
| Morgan Bank, National Association | Seller | 125,334 | Acquisition | Discontinued | 5/10/2007 |
| Lorain Banking Company | Seller | Discontinued | 1/3/1961 |
| Relationships | Role | Relationship Start | Relationship End |
| Lnb Bancorp Inc. | Parent | 3/30/1984 | 8/14/2015 |
| North Coast Community Development Corporation | Subsidary | 6/30/2007 | 8/12/2015 |
| North Coast Community Development Corporation | Subsidary | 7/16/2002 | 6/29/2007 |
| Lnb Mortgage, Llc | Subsidary | 8/31/2004 | 8/17/2006 |