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

This bank is inactive as of March 31, 2011

Bank Iowa - Overview

  • General
  • 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
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $1,700Managed Assets
  • 1Number of Accounts
  • $1,700Personal trust and agency accounts
  • $1,700Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 2Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

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