FDIC Certificate #: 4456 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Bank Iowa (#14521) Federal Reserve ID: 612346 Date Established: January 01, 1901 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 4 (Interstate: No) OTS Docket #: 11544 FDIC's unique #: 2944 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: January 01, 1934 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: 1805 North Broadway, Red Oak, IA 51566 County: Montgomery Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Omaha Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: Western
Financial Summary
Total assets: $132.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
36Total employees (full-time equivalent)
$131,961Total assets
$2,991Cash and due from depository institutions
$54Interest-bearing balances
$31,654Securities
$6,196Federal funds sold & reverse repurchase agreements
$83,145Net loans & leases
$755Loan loss allowance
$0Trading account assets
$2,642Bank premises and fixed assets
$270Other real estate owned
$0Goodwill and other intangibles
$2,116Life insurance assets
$5,063All other assets
$131,961Total liabilities and capital
$121,348Total liabilities
$112,045Total deposits
$93,186Interest-bearing deposits
$112,045Deposits held in domestic offices
89.60%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$9,000Other borrowed funds
$0Subordinated debt
$303All other liabilities
$10,613Total equity capital
$10,613Total bank equity capital
$10,613Perpetual preferred stock
$0Common stock
$250Surplus
$3,250Undivided profits
Memoranda
$7,113Noncurrent loans and leases
$16,240Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$869Earning assets
$85Long-term assets (5+ years)
$1,436Average Assets, year-to-date
$121,049Average Assets, quarterly
$27,049Volatile liabilities
$130,084Insider loans
$129,308FHLB advances
$20,953Loans and leases held for sale
$901Unused loan commitments
$9,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$16,240Total unused commitments
$0Restructured Loans and leases
$755Derivatives
Income and Expense (December 31, 2010)
Dollar figures in thousands
$5,998Total interest income
$1,236Total interest expense
$4,762Net interest income
$460Provision for loan and lease losses
$1,054Total noninterest income
$16Fiduciary activities
$594Service charges on deposit accounts
$0Trading account gains & fees
$444Additional noninterest income
$3,412Total noninterest expense
$1,925Salaries and employee benefits
$560Premises and equipment expense
$927Additional noninterest expense
$1,944Pre-tax net operating income
$0Securities gains (losses)
$94Applicable income taxes
$1,850Income before extraordinary items
$0Extraordinary gains - net
$1,850Net income attributable to bank
$0Net charge-offs
$1,850Cash dividends
$472Sale, conversion, retirement of capital stock, net
$1,650Net operating income
Performance and Condition Ratios (December 31, 2010)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.06%Yield on earning assets
1.04%Cost of funding earning assets
4.02%Net interest margin
0.89%Noninterest income to earning assets
2.88%Noninterest expense to earning assets
1.42%Net operating income to assets
1.42%Return on assets (ROA)
1.49%Pretax return on assets
17.55%Return on equity (ROE)
1.90%Retained earnings to average equity (YTD only)
0.54%Net charge-offs to loans
97.46%Credit loss provision to net charge-offs
5.09%Efficiency ratio
58,666Assets per employee
3.67%Cash dividends to net income (YTD only)
Condition Ratios (%)
89.19%Loss allowance to loans
0.90%Loss allowance to noncurrent loans
86.88%Noncurrent assets plus other real estate owned to assets
0.86%Noncurrent loans to loans
1.04%Net loans and leases to deposits
74.21%Net loans and leases to core deposits
89.08%Equity capital to assets
8.04%Core capital (leverage) ratio
8.14%Tier 1 risk-based capital ratio
11.15%Total risk-based capital ratio
Memoranda
$12Average assets
$130,084Average earning assets
$10,543Average equity
$118,472Average 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
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