The First National Bank of McConnelsville, Financial Information

AboutThe First National Bank of McConnelsville

 Address:
86 North Kennebec Avenue
McConnelsville,OH
Morgan County,Ohio
 Established:
Jul 1863
 Number of domestic offices:
6
Total assets$194M
Net income$1M
Net income,quarterly$0M
Total deposits$174M
Domestic deposits$174M
Equity capital$18M
ROA0.43%
ROAQ,quarterly0.33%
ROA,pretax0.33%
ROAQ,quarterly,pretax0.4%
ROE4.08%
ROEQ,quarterly3.41%
UpdatedMay 20, 2021

Terms and Definitions

  • Domestic deposits
    The sum of all domestic deposits, including demand deposits, money market deposits and time deposits.
  • Equity capital
    Total equity capital (includes preferred and common stock, surplus and undivided profits).
  • ROA
    Return on assets, net income after taxes and extraordinary items (annualized) as a percent of average total assets.
  • ROE
    Return on equity, annualized net income as a percent of average equity on a consolidated basis.

In 1863 the First National Bank of McConnelsville was organized under the new act forming the National Banking System which Congress had passed into law in February of that year.

The original capital was set at $75,000, which was divided into 750 shares and sold for $100 each. The bank operated on the square at 32 East Main Street for over 100 years.

In 2000, The First National Bank of McConnelsville and The Junction City Banking Company merged. With the renovation of the existing facility completed in 2002, First National Bank could offer the Junction City community ATM access, drive-thru banking, Internet Banking, check cards, and more choices in bank products and services. The Stockport Office got a new facelift in the fall of 2002. On June 26, 2003, the Carroll Office moved into their newly constructed facility.

On March 17, 2004, First National Bank opened its 5th location at 1012 East State Street in Athens. In November 2006, First National Bank of McConnelsville traded the location at 55 High Street in Carroll for a location at 7400 Marion Street in Chesterhill.

On December 5, 2008, First National Bank of McConnelsville and First National Bank in Nelsonville and Glouster merged together. First National Bank customers now have access to banking facilities in McConnelsville, Athens, Chesterhill, Glouster, Junction City, Nelsonville, and Stockport.

The First National Bank of McConnelsville was the 46th national bank to be chartered in 1863 and is now the 4th oldest national bank charter still in operation today.