A younger charter than many Ohio peers
Consumers National Bank is an active national bank headquartered in Minerva, Ohio, with FDIC certificate 19482 and the Office of the Comptroller of the Currency as its primary federal regulator. The legal bank is distinct from Consumers Bancorp, Inc., its holding company. This distinction is especially important when comparing regulatory bank data with the parent’s June fiscal-year results. [1, 3]
The bank began as Minerva National Bank, receiving its charter on August 30, 1965 and opening on September 7 with five employees and $300,000 in assets, according to its history. It adopted the Consumers name in 1975, the year it added Salem. Shareholders approved the holding-company structure in 1994. These origins distinguish it from institutions whose charters grew out of nineteenth-century merchant or farm banking. [3]
Expansion without confusing announcements with closings
Consumers’ public record includes the completed purchase of CFBank’s Calcutta and Wellsville offices on July 16, 2021. Its fiscal 2022 results disclosed $104.5 million in assumed deposits, a 1.75% deposit premium and purchased loans and securities. Those offices expanded an existing northeast Ohio network; the transaction was completed years ago, rather than being a pending 2026 acquisition. [4]
The July 29, 2026 earnings release described twenty-three full-service offices and one loan-production office across Carroll, Columbiana, Jefferson, Mahoning, Stark and Summit counties. It also described a broader customer market reaching contiguous parts of Ohio, western Pennsylvania and northern West Virginia. A lending market can extend beyond branch locations, so this is not evidence of a three-state branch network. [5]
Agriculture alongside business and household borrowing
Consumers’ farm-lending page offers land, equipment and operating finance, including installment loans and revolving credit. It describes repayment schedules intended to match farm cash generation, such as annual equipment payments, and participation in Farm Service Agency programs. That combination addresses both long-lived assets and the seasonal cost of producing crops or raising livestock. Borrowers still must meet eligibility and underwriting requirements. [6]
The farm offering also discusses assistance for beginning farmers and transfers within family farming operations. That is a specific local-banking function: financing an ownership transition can involve different risks and documentation from a routine equipment purchase. The existence of a guarantee program does not mean the full loan portfolio is government guaranteed. The reviewed product material does not quantify the agriculture segment’s share of total loans. [6]
What the insured bank reported
At June 30, 2026, Consumers National Bank had $1.279 billion in assets, $1.121 billion in deposits, $929.3 million in net loans and leases and $89.9 million in equity. At June 30, 2025, assets were $1.165 billion, deposits $1.037 billion and net loans $805.8 million. These are FDIC bank-only figures, converted from thousands of dollars. They show loan balances expanding more in dollars than deposit balances over the same period. [2]
Calendar first-half bank net income was $5.9 million, compared with $4.3 million a year earlier. Nonaccrual loans declined to $677,000 from $930,000. At the latest date, real-estate-secured loans were $640.1 million, commercial-and-industrial loans $118.9 million and consumer loans $146.9 million. Those balances establish a mixed lending business; the bank’s name should not be taken to mean that it lends only to consumers. [2]
The fiscal-year story uses a different clock
Consumers Bancorp reported $11.2 million in consolidated net income for the twelve months ended June 30, 2026, up from $8.7 million. Its fiscal year ends in June, whereas the bank’s FDIC first-half income covers January through June. Both sets of numbers can be correct because they measure different periods and reporting entities. The distinction prevents a full year of parent earnings from being compared with six months of bank earnings. [5]
The parent attributed improvement to higher interest-earning assets and a wider net interest margin. It also reported higher staffing, occupancy and software costs associated with expansion and security investment. Growth therefore has an operating cost as well as a revenue opportunity. The reviewed release does not establish how much each new office individually contributes to profit. [5]
A new executive responsibility for risk
In 2026, Consumers announced Stephen Karapasha as senior vice president, chief risk officer and chief legal counsel. The bank described the combined position as new, designed to consolidate risk functions, support greater complexity as it grows and provide in-house legal resources for the first time. That is a concrete organizational development rather than a generic statement about commitment to risk management. [7]
The announcement describes management’s intended capacity-building. It does not demonstrate the subsequent effectiveness of controls, and it is not evidence that a regulator required the appointment. Loan underwriting, fraud prevention, operational resilience and compliance still depend on how policies work in practice. [7]
CRA evidence and its limits
The OCC’s August 11, 2025 evaluation rated Consumers Satisfactory overall and for lending, with Outstanding community development. The reviewed period was January 2022 through December 2024. Examiners highlighted community-development responsiveness and a substantial majority of assessed loans within the assessment areas. This is useful evidence about community credit service, but it is a dated evaluation of that subject, not an assurance of future repayment, or investment returns. [8]
Sources
- FDIC BankFind identity; October 2, 2026 datasetOfficial sourceBack to text: ↑
- FDIC bank financials; June 30, 2026 and 2025; income is calendar year-to-dateOfficial sourceBack to text: ↑1↑2
- Consumers official bank historySourceBack to text: ↑1↑2
- Consumers fiscal2022 results; completed July16 2021 branch acquisitionSourceBack to text: ↑
- Consumers Bancorp fiscal2026 results, July29 2026SourceBack to text: ↑1↑2↑3
- Consumers agricultural lendingSourceBack to text: ↑1↑2
- Consumers new chief risk officer and legal counsel announcementSourceBack to text: ↑1↑2
- OCC CRA evaluation, August11 2025Official source · PDFBack to text: ↑