FDIC Certificate #: 17426 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Bank Iowa (#5801) Federal Reserve ID: 679545 Date Established: April 20, 1955 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 2 (Interstate: No) OTS Docket #: 14375 FDIC's unique #: 11419 Numeric code: 13 Regulator: FED Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: Yes Date of Deposit Insurance: April 20, 1955 Last Structure Change Effective Date: January 07, 2002 Last Structure Change Process Date: January 31, 2002 Last Data Update: January 31, 2002 Data Source Date: April 05, 2012
Location
Address: 1108 Broadway, Denison, IA 51442 County: Crawford Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Sioux City Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: Western
Financial Summary
Total assets: $43.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2001)
Dollar figures in thousands
14Total employees (full-time equivalent)
$43,870Total assets
$2,806Cash and due from depository institutions
$1,572Interest-bearing balances
$9,243Securities
$0Federal funds sold & reverse repurchase agreements
$30,282Net loans & leases
$378Loan loss allowance
$0Trading account assets
$581Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$958All other assets
$43,870Total liabilities and capital
$40,388Total liabilities
$35,153Total deposits
$32,024Interest-bearing deposits
$35,153Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$5,000Other borrowed funds
$0Subordinated debt
$235All other liabilities
$3,482Total equity capital
$3,482Total bank equity capital
$3,482Perpetual preferred stock
$0Common stock
$200Surplus
$400Undivided profits
Memoranda
$2,882Noncurrent loans and leases
$2,785Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$269Earning assets
$220Long-term assets (5+ years)
$627Average Assets, year-to-date
$41,097Average Assets, quarterly
$9,368Volatile liabilities
$43,750Insider loans
$43,387FHLB advances
$3,680Loans and leases held for sale
$35Unused loan commitments
$5,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$2,785Total unused commitments
$0Restructured Loans and leases
$378Derivatives
Income and Expense (December 31, 2001)
Dollar figures in thousands
$3,155Total interest income
$1,556Total interest expense
$1,599Net interest income
$0Provision for loan and lease losses
$269Total noninterest income
$0Fiduciary activities
$174Service charges on deposit accounts
$0Trading account gains & fees
$95Additional noninterest income
$1,036Total noninterest expense
$601Salaries and employee benefits
$186Premises and equipment expense
$249Additional noninterest expense
$832Pre-tax net operating income
$0Securities gains (losses)
-$37Applicable income taxes
$869Income before extraordinary items
$0Extraordinary gains - net
$869Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$25Sale, conversion, retirement of capital stock, net
$714Net operating income
Performance and Condition Ratios (December 31, 2001)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.73%Yield on earning assets
3.81%Cost of funding earning assets
3.92%Net interest margin
0.66%Noninterest income to earning assets
2.54%Noninterest expense to earning assets
1.99%Net operating income to assets
1.99%Return on assets (ROA)
1.90%Pretax return on assets
26.06%Return on equity (ROE)
4.65%Retained earnings to average equity (YTD only)
0.08%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
33.28%Efficiency ratio
55,460Assets per employee
3.13%Cash dividends to net income (YTD only)
Condition Ratios (%)
82.16%Loss allowance to loans
1.23%Loss allowance to noncurrent loans
140.52%Noncurrent assets plus other real estate owned to assets
0.61%Noncurrent loans to loans
0.88%Net loans and leases to deposits
86.14%Net loans and leases to core deposits
96.22%Equity capital to assets
7.94%Core capital (leverage) ratio
7.85%Tier 1 risk-based capital ratio
11.11%Total risk-based capital ratio
Memoranda
$12Average assets
$43,750Average earning assets
$3,335Average equity
$40,812Average loans
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