Boatmen's Bank Iowa, National Association in Des Moines, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 15, 1997

  • Boatmen's Bank Iowa, National Association in Des Moines, Iowa (IA)
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Boatmen's Bank Iowa, National Association - Overview

  • General
  • FDIC Certificate #: 18064
    Status: Inactive
    Closing history: Participated in Absorption/Consolidation/Merger
    Acquiring institution: Bank of America, National Association (#15802)
    Federal Reserve ID: 873240
    Date Established: August 10, 1959
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 9 (Interstate: No)
    OTS Docket #: 12460
    FDIC's unique #: 11988
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: August 10, 1959
    Last Structure Change Effective Date: August 15, 1997
    Last Structure Change Process Date: September 02, 1997
    Last Data Update: September 02, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: Locust At Sixth Streets, Des Moines, IA 50309
    County: Polk
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Atlanta
    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)
  • History of Changes
  • Merger - Without Assistance
    Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $743.3 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $229Total assets
  • $620,153Cash and due from depository institutions
  • $80,210Interest-bearing balances
  • $0Securities
  • $126,238Federal funds sold & reverse repurchase agreements
  • $5,025Net loans & leases
  • $392,114Loan loss allowance
  • $7,508Trading account assets
  • $0Bank premises and fixed assets
  • $7,283Other real estate owned
  • $0Goodwill and other intangibles
  • $9,283Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $620,153Total liabilities
  • $562,712Total deposits
  • $451,127Interest-bearing deposits
  • $305,406Deposits held in domestic offices
  • 451127.00%% insured (estimated)
  • $77Federal funds purchased & repurchase agreements
  • $106,017Trading liabilities
  • $0Other borrowed funds
  • $69Subordinated debt
  • $0All other liabilities
  • $5,499Total equity capital
  • $5,499Total bank equity capital
  • $57,441Perpetual preferred stock
  • $0Common stock
  • $10,000Surplus
  • $21,600Undivided profits
  • Memoranda
  • $25,841Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $7,776Income earned, not collected on loans
  • $2,203Earning assets
  • $523,377Long-term assets (5+ years)
  • $130,079Average Assets, year-to-date
  • $679,919Average Assets, quarterly
  • $636,818Volatile liabilities
  • $119,089Insider loans
  • $15,937FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $100,538Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $57,179Total risk weighted assets
  • $442,341Total unused commitments
  • $0Restructured Loans and leases
  • $75,000Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $45,307Total interest expense
  • $21,235Net interest income
  • $24,072Provision for loan and lease losses
  • $593Total noninterest income
  • $24,082Fiduciary activities
  • $4,544Service charges on deposit accounts
  • $5,613Trading account gains & fees
  • $0Additional noninterest income
  • $13,925Total noninterest expense
  • $26,619Salaries and employee benefits
  • $10,386Premises and equipment expense
  • $2,947Additional noninterest expense
  • $13,286Pre-tax net operating income
  • $20,942Securities gains (losses)
  • $0Applicable income taxes
  • $7,939Income before extraordinary items
  • $13,003Extraordinary gains - net
  • $0Net income attributable to bank
  • $13,003Net charge-offs
  • $817Cash dividends
  • $14,510Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.91%Cost of funding earning assets
  • 3.71%Net interest margin
  • 4.20%Noninterest income to earning assets
  • 4.20%Noninterest expense to earning assets
  • 4.65%Net operating income to assets
  • 1.91%Return on assets (ROA)
  • 1.91%Pretax return on assets
  • 3.08%Return on equity (ROE)
  • 21.94%Retained earnings to average equity (YTD only)
  • -2.54%Net charge-offs to loans
  • 0.20%Credit loss provision to net charge-offs
  • 72.58%Efficiency ratio
  • 55,279Assets per employee
  • 2.71%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 111.59%Loss allowance to loans
  • 1.88%Loss allowance to noncurrent loans
  • 96.55%Noncurrent assets plus other real estate owned to assets
  • 1.25%Noncurrent loans to loans
  • 1.95%Net loans and leases to deposits
  • 86.92%Net loans and leases to core deposits
  • 89.50%Equity capital to assets
  • 9.26%Core capital (leverage) ratio
  • 9.45%Tier 1 risk-based capital ratio
  • 12.93%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $679,919Average earning assets
  • $59,273Average equity
  • $572,826Average loans

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