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- Banks in Iowa (IA)
- Boatmen's Bank Iowa, National Association
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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- Banks in Iowa (IA)
- Boatmen's Bank Iowa, National Association
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