North Akron Savings Bank

North Akron Savings Bank is headquartered in Akron and is the 106^th largest bank in the state of Ohio. It is also the 3,745^th largest bank in the nation. It was established in 1921 and as of March of 2012, it had grown to 39 employees at 5 locations. North Akron Savings Bank has a 5-star health rating.

North Akron Savings Bank Routing Number: 241270039

North Akron Savings Bank Savings Account Rates

North Akron Savings Bank Money Market Rates

Data for Q1 2012

Institution Statistics North Akron Savings Bank FDIC Certificate # 28179 BankRate Report View Year Established 1921 Employees 39 Primary Regulator FDIC Assets and Liabilities Assets $157.51 million Loans $109.08 million Deposits $112.61 million Equity Capital $14.18 million Loan Loss Allowance $1.25 million Unbacked Noncurrent Loans $843,000 Real Estate Owned $389,000 Historic Data - March 2011 Assets $160.84 million Equity Capital $14.43 million Loan Loss Allowance $642,000 Unbacked Noncurrent Loans $2.29 million Real Estate Owned $572,000 Profit Margin - Quarterly Net Interest Margin 3.04% Return on Assets 0.28% Return on Equity 3.14% Interest Income $1.59 million

Institution Health Overall Score: 5 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 North Akron Savings Bank had $1.23 million in non-current loans and owned real-estate with $15.44 million in equity and loan loss allowances on hand to cover it. This gives North Akron Savings Bank a Texas Ratio of 7.98% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for North Akron Savings Bank decreased significantly from 19.01% as of March 31, 2011 to 7.98% as of March 31, 2012, resulting in a positive change of 58.02%.This indicates that the balance sheet and financial strength for North Akron Savings Bank has improved significantly in recent periods. Deposit Growth In the past year, North Akron Savings Bank has increased its total deposits by $278,000, resulting in 0.25% 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 North Akron Savings Bank has shown is average. Capitalization 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. North Akron Savings Bank has $157.51 million in assets with $15.44 million in equity, resulting in a capitalization level of 9.80%, which is average.

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