DCB Financial Corp operates as the holding company for The Delaware County Bank and Trust Company (the Bank), which provides customary retail and commercial banking services. The company's services include checking and savings accounts, time deposits, IRAs, safe deposit facilities, personal loans, commercial loans, real estate mortgage loans, installment loans, trust, and other wealth management services. It provides cash management, bond registrar, and paying agent services for commercial and public unit entities. The company also provides treasury management services for both commercial and public unit entities. The company conducts business from its main office in Lewis Center, Ohio and from its 14 branch offices located in Delaware, Ohio, and surrounding communities. The company also has three additional wholly owned subsidiaries, DCB Title Services (DCB Title); and DCB Insurance Services, LLC (DCB Insurance). DCB Title provides standard real estate title services, while DCB Insurance provides a variety of insurance products. The Bank has one wholly-owned subsidiary, ORECO, Inc., an Ohio corporation (ORECO), which is used to process other real estate owned. Loans The company grants residential real estate, commercial real estate, consumer, and commercial loans to customers located primarily in Delaware, Franklin, and Union counties, Ohio. Commercial, Industrial, and Agricultural Loans: Commercial, industrial, and agricultural loans are primarily variable rate and include operating lines of credit and term loans made to small businesses primarily based on their ability to repay the loan from the business’ cash flow. These loans are typically secured by business assets, such as equipment, accounts receivable, inventory, commercial real estate, agricultural real estate and, occasionally, by the business owner’s principal residence. Commercial Real Estate and Agricultural Real Estate Loans: Commercial real estate and agricultural real estate loans are primarily secured by borrower-occupied business real estate and are dependent on the ability of the related business to generate adequate cash flow to service the debt. Such loans primarily carry adjustable interest rates. Commercial real estate and agricultural real estate loans are typically secured by real property and related improvements that are owned by the borrower. Residential Real Estate Loans and Home Equity Lines of Credit: Residential real estate loans and home equity lines of credit can either be fixed rate or carry an adjustable rate. These loans are secured by the borrower’s residence. Such loans are made based on the borrower’s ability to repay the debt from employment and other income. Consumer Installment Loans: Consumer installment loans are loans granted to individuals and include loans secured by automobiles and other consumer assets, including second mortgages on personal residences. Credit card and overdraft protection loans are unsecured personal lines of credit to individuals of demonstrated good credit character with reasonably assured sources of income and satisfactory credit histories. Investment Portfolio As of December 31, 2012, the company’s investment portfolio included U.S. agency obligations; states and municipal obligations; corporate bonds; mortgage-backed securities; and collateralized debt obligations. Regulations As a financial holding company, the company is subject to supervision, regulation, and periodic examination by the Federal Reserve Board, and as a publicly traded corporation, is subject to the rules of the U.S. Securities and Exchange Commission. The Bank is subject to supervision, regulation and periodic examination by the State of Ohio Division of Financial Institutions and the Federal Deposit Insurance Corporation. History DCB Financial Corp. was founded in 1950.
dcb financial corp (DCBF:OTC BB)
110 Riverbend Avenue
Lewis Center, OH 43035
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To contact DCB FINANCIAL CORP, please visit www.dcbfinancialcorp.com. Company data is provided by Capital IQ. Please use this form to report any data issues.