FDIC Certificate #: 15736 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Bank Iowa (#14521) Federal Reserve ID: 668848 Date Established: June 16, 1937 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 4 (Interstate: No) FDIC's unique #: 9992 Numeric code: 13 Regulator: FED Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: April 15, 1940 Last Structure Change Effective Date: March 31, 2011 Last Structure Change Process Date: April 07, 2011 Last Data Update: April 07, 2011 Data Source Date: April 05, 2012
Location
Address: 606 West Milwaukee, New Hampton, IA 50659 County: Chickasaw Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Cedar Rapids Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: Western
Financial Summary
Total assets: $206.1 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2010)
Dollar figures in thousands
26Total employees (full-time equivalent)
$206,135Total assets
$17,831Cash and due from depository institutions
$12,286Interest-bearing balances
$41,144Securities
$10,282Federal funds sold & reverse repurchase agreements
$128,266Net loans & leases
$1,729Loan loss allowance
$0Trading account assets
$937Bank premises and fixed assets
$1,242Other real estate owned
$0Goodwill and other intangibles
$3,402Life insurance assets
$6,433All other assets
$206,135Total liabilities and capital
$189,721Total liabilities
$188,024Total deposits
$166,846Interest-bearing deposits
$188,024Deposits held in domestic offices
90.47%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$451Other borrowed funds
$0Subordinated debt
$1,246All other liabilities
$16,414Total equity capital
$16,414Total bank equity capital
$16,414Perpetual preferred stock
$0Common stock
$120Surplus
$5,404Undivided profits
Memoranda
$10,890Noncurrent loans and leases
$8,813Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$246Earning assets
$0Long-term assets (5+ years)
$1,340Average Assets, year-to-date
$191,978Average Assets, quarterly
$39,555Volatile liabilities
$200,658Insider loans
$201,057FHLB advances
$19,109Loans and leases held for sale
$1,074Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$8,813Total unused commitments
$0Restructured Loans and leases
$1,729Derivatives
Income and Expense (December 31, 2010)
Dollar figures in thousands
$9,481Total interest income
$3,113Total interest expense
$6,368Net interest income
$563Provision for loan and lease losses
$550Total noninterest income
$20Fiduciary activities
$238Service charges on deposit accounts
$0Trading account gains & fees
$292Additional noninterest income
$3,565Total noninterest expense
$1,956Salaries and employee benefits
$233Premises and equipment expense
$1,376Additional noninterest expense
$2,790Pre-tax net operating income
-$514Securities gains (losses)
$83Applicable income taxes
$2,193Income before extraordinary items
$0Extraordinary gains - net
$2,193Net income attributable to bank
$0Net charge-offs
$2,193Cash dividends
$416Sale, conversion, retirement of capital stock, net
$879Net operating income
Performance and Condition Ratios (December 31, 2010)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.04%Yield on earning assets
1.65%Cost of funding earning assets
3.39%Net interest margin
0.29%Noninterest income to earning assets
1.90%Noninterest expense to earning assets
1.34%Net operating income to assets
1.09%Return on assets (ROA)
1.13%Pretax return on assets
13.58%Return on equity (ROE)
8.14%Retained earnings to average equity (YTD only)
0.32%Net charge-offs to loans
135.34%Credit loss provision to net charge-offs
8.06%Efficiency ratio
51,532Assets per employee
7.93%Cash dividends to net income (YTD only)
Condition Ratios (%)
40.08%Loss allowance to loans
1.33%Loss allowance to noncurrent loans
702.85%Noncurrent assets plus other real estate owned to assets
0.72%Noncurrent loans to loans
0.19%Net loans and leases to deposits
68.22%Net loans and leases to core deposits
75.73%Equity capital to assets
7.96%Core capital (leverage) ratio
8.09%Tier 1 risk-based capital ratio
11.32%Total risk-based capital ratio
Memoranda
$13Average assets
$200,658Average earning assets
$16,149Average equity
$188,105Average loans
Total Fiduciary and Related Assets (December 31, 2010)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with BANK IOWA.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: