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330-682-1010
112 West Market Street
Orrville, OH 44667

First National Bank (Orrville, OH) is headquartered in Orrville and is the 40th largest bank in the state of Ohio. It is also the 1,353rd largest bank in the nation. It was established in 1933 and as of March of 2014, it had grown to 113 employees at 14 locations. First National Bank (Orrville, OH) has a A health rating.

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Reviews (1)

Wonderful Bank

This institution is highly credible. I've banked with them for years! The employees are very personable and they work to get to know you personally. The rates are pretty competetive as well!



Health

Data for Q1 2014

Institution Health

A

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 First National Bank (Orrville, OH) had $1.2 million in non-current loans and owned real-estate with $50.5 million in equity and loan loss allowances on hand to cover it. This gives First National Bank (Orrville, OH) a Texas Ratio of 2.38% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A

The Texas Ratio for First National Bank (Orrville, OH) decreased dramatically from 3.73% as of March 31, 2013 to 2.38% as of March 31, 2014, resulting in a positive change of 36.32%.This indicates that the balance sheet and financial strength for First National Bank (Orrville, OH) has improved dramatically in recent periods.

Deposit Growth

GRADE:
C+

In the past year, First National Bank (Orrville, OH) has decreased its total deposits by -$1.89 million, resulting in -0.46% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth First National Bank (Orrville, OH) has shown is average.

Capitalization

GRADE:
B+

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. First National Bank (Orrville, OH) has $498.15 million in assets with $50.5 million in equity, resulting in a capitalization level of 10.14%, which is above average.

Institution Statistics

Overall
FDIC Certificate #6667
Year Established1933
Employees113
Primary RegulatorOCC
Assets and Liabilities
Assets$498.15 million
Loans$338.57 million
Deposits$405.39 million
Equity Capital$46.50 million
Loan Loss Allowance$4.00 million
Unbacked Noncurrent Loans$458,000
Real Estate Owned$742,000
Historic Data - March 2013
Assets$478.53 million
Equity Capital$42.89 million
Loan Loss Allowance$3.56 million
Unbacked Noncurrent Loans$458,000
Real Estate Owned$897,000
Profit Margin - Quarterly
Net Interest Margin3.5%
Return on Assets1.03%
Return on Equity10.95%
Interest Income$4.37 million
Rates

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First National Bank (Orrville, OH) Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.50%-$250kBonus Savings - Qualifying
0.05%--Savings
0.05%--Health Savings Account
0.05%-$50kSavings IRA
0.05%-$50kSavings Roth IRA
0.05%--Bonus Savings - Non Qualifying

First National Bank (Orrville, OH) Money Market Rates

DetailsAPYMINMAXPRODUCT
0.05%-$100kPremium Money Market

First National Bank (Orrville, OH) Checking Account Rates

DetailsAPYMINMAXPRODUCT
2.00%-$15kBonus Checking - Qualifying
0.50%$10k$250kPlatinum Checking
0.05%$10k$100kInterest Checking
0.05%$2,500$100kBusiness Interest Checking
0.02%--Bonus Checking - Non Qualifying

First National Bank (Orrville, OH) CD Rates

DetailsAPYMINMAXPRODUCT
1.51%$500-60 Month Special with Relationship CD
1.00%$500-60 Month CD
0.75%$500-48 - 59 Month CD
0.65%$500-24 Month Special with Relationship CD
0.40%$500-36 - 47 Month CD
0.30%$500-24 - 35 Month CD
0.20%$500-12 - 23 Month CD
0.15%$500-182 - 364 Day CD
0.10%$500-91 - 181 Day CD

First National Bank (Orrville, OH) IRA Rates

DetailsAPYMINMAXPRODUCT
1.51%$500-60 Month Special with Relationship IRA
1.00%$500-60 Month IRA
0.75%$500-48 - 59 Month IRA
0.65%$500-24 Month Special with Relationship IRA
0.40%$500-36 - 47 Month IRA
0.30%$500-24 - 35 Month IRA
0.20%$500-12 - 23 Month IRA
0.15%$500-182 - 364 Day IRA
0.10%$500-91 - 181 Day IRA
Locations

First National Bank (Orrville, OH) has 13 locations. Click to view all First National Bank (Orrville, OH) locations.