Bank Iowa in Altoona, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 31, 2011

  • Bank Iowa in Altoona, Iowa (IA)
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Bank Iowa - Overview

  • General
  • FDIC Certificate #: 33927
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Bank Iowa (#14521)
    Federal Reserve ID: 2235244
    Date Established: August 26, 1994
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 3 (Interstate: No)
    OTS Docket #: 14650
    FDIC's unique #: 55096
    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: August 26, 1994
    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: 420 8th Street Southeast, Altoona, IA 50009
    County: Polk
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Des Moines
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Metropolitan Statistical Area (MSA): Des Moines, IA (#2120)
    Combined Statistical Area (CSA): Des Moines-Newton-Pella, IA (#218)
    Core Based Statistical Area (CBSA): Des Moines-West Des Moines, IA (#19780)
    CBSA Metro Statistical Area: Des Moines-West Des Moines, IA (#19780)
  • Financial Summary
  • Total assets: $142.3 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
  • 29Total employees (full-time equivalent)
  • $142,348Total assets
  • $23,758Cash and due from depository institutions
  • $21,290Interest-bearing balances
  • $13,152Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $93,103Net loans & leases
  • $3,054Loan loss allowance
  • $0Trading account assets
  • $5,101Bank premises and fixed assets
  • $2,501Other real estate owned
  • $0Goodwill and other intangibles
  • $1,364Life insurance assets
  • $4,733All other assets
  • $142,348Total liabilities and capital
  • $129,895Total liabilities
  • $108,962Total deposits
  • $96,949Interest-bearing deposits
  • $108,962Deposits held in domestic offices
  • 85.55%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $20,617Other borrowed funds
  • $0Subordinated debt
  • $316All other liabilities
  • $12,453Total equity capital
  • $12,453Total bank equity capital
  • $12,453Perpetual preferred stock
  • $0Common stock
  • $500Surplus
  • $12,507Undivided profits
  • Memoranda
  • $-554Noncurrent loans and leases
  • $17,316Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $4,902Earning assets
  • $160Long-term assets (5+ years)
  • $453Average Assets, year-to-date
  • $127,545Average Assets, quarterly
  • $29,788Volatile liabilities
  • $146,741Insider loans
  • $141,399FHLB advances
  • $26,204Loans and leases held for sale
  • $24Unused loan commitments
  • $20,617Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $227Total risk weighted assets
  • $17,316Total unused commitments
  • $8Restructured Loans and leases
  • $1,193Derivatives

Income and Expense (December 31, 2010)

  • Dollar figures in thousands
  • $6,941Total interest income
  • $2,643Total interest expense
  • $4,298Net interest income
  • $4,630Provision for loan and lease losses
  • $1,223Total noninterest income
  • $0Fiduciary activities
  • $548Service charges on deposit accounts
  • $0Trading account gains & fees
  • $675Additional noninterest income
  • $4,368Total noninterest expense
  • $2,024Salaries and employee benefits
  • $856Premises and equipment expense
  • $1,488Additional noninterest expense
  • -$3,477Pre-tax net operating income
  • $0Securities gains (losses)
  • -$176Applicable income taxes
  • -$3,301Income before extraordinary items
  • $0Extraordinary gains - net
  • -$3,301Net income attributable to bank
  • $0Net charge-offs
  • -$3,301Cash dividends
  • $3,426Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2010)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.28%Yield on earning assets
  • 2.01%Cost of funding earning assets
  • 3.27%Net interest margin
  • 0.93%Noninterest income to earning assets
  • 3.32%Noninterest expense to earning assets
  • -2.25%Net operating income to assets
  • -2.25%Return on assets (ROA)
  • -2.37%Pretax return on assets
  • -26.12%Return on equity (ROE)
  • -26.12%Retained earnings to average equity (YTD only)
  • 3.35%Net charge-offs to loans
  • 135.14%Credit loss provision to net charge-offs
  • 0.34%Efficiency ratio
  • 79,116Assets per employee
  • 4.91%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.18%Loss allowance to noncurrent loans
  • 62.30%Noncurrent assets plus other real estate owned to assets
  • 5.20%Noncurrent loans to loans
  • 5.10%Net loans and leases to deposits
  • 85.45%Net loans and leases to core deposits
  • 112.50%Equity capital to assets
  • 8.75%Core capital (leverage) ratio
  • 8.79%Tier 1 risk-based capital ratio
  • 13.28%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $146,741Average earning assets
  • $12,637Average equity
  • $131,579Average loans

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