Boatmen's Bank of North Iowa in Mason City, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 15, 1997

  • Boatmen's Bank of North Iowa in Mason City, Iowa (IA)
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Boatmen's Bank of North Iowa - Overview

  • General
  • FDIC Certificate #: 19015
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Boatmen's Bank Iowa, National Association (#18064)
    Federal Reserve ID: 691547
    Date Established: January 22, 1964
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 7 (Interstate: No)
    OTS Docket #: 12287
    FDIC's unique #: 12856
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 22, 1964
    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: 25 West State Street, Mason City, IA 50401
    County: Cerro Gordo
    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
    Core Based Statistical Area (CBSA): Mason City, IA (#32380)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $226.7 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)
  • $86Total assets
  • $229,042Cash and due from depository institutions
  • $17,131Interest-bearing balances
  • $788Securities
  • $56,292Federal funds sold & reverse repurchase agreements
  • $25,526Net loans & leases
  • $122,519Loan loss allowance
  • $3,412Trading account assets
  • $0Bank premises and fixed assets
  • $3,240Other real estate owned
  • $0Goodwill and other intangibles
  • $4,334Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $229,042Total liabilities
  • $207,013Total deposits
  • $203,542Interest-bearing deposits
  • $169,166Deposits held in domestic offices
  • 203542.00%% insured (estimated)
  • $87Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $35Subordinated debt
  • $0All other liabilities
  • $3,436Total equity capital
  • $3,436Total bank equity capital
  • $22,029Perpetual preferred stock
  • $0Common stock
  • $2,530Surplus
  • $9,653Undivided profits
  • Memoranda
  • $9,846Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,428Income earned, not collected on loans
  • $1,582Earning assets
  • $205,125Long-term assets (5+ years)
  • $59,951Average Assets, year-to-date
  • $252,427Average Assets, quarterly
  • $229,732Volatile liabilities
  • $7,817Insider loans
  • $2,236FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $20,452Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $21,822Total risk weighted assets
  • $126,203Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $17,927Total interest expense
  • $8,805Net interest income
  • $9,122Provision for loan and lease losses
  • $203Total noninterest income
  • $6,177Fiduciary activities
  • $0Service charges on deposit accounts
  • $1,006Trading account gains & fees
  • $0Additional noninterest income
  • $5,171Total noninterest expense
  • $7,601Salaries and employee benefits
  • $3,396Premises and equipment expense
  • $984Additional noninterest expense
  • $3,221Pre-tax net operating income
  • $7,495Securities gains (losses)
  • $0Applicable income taxes
  • $2,828Income before extraordinary items
  • $4,667Extraordinary gains - net
  • $0Net income attributable to bank
  • $4,667Net charge-offs
  • $39Cash dividends
  • $5,239Sale, 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
  • 7.75%Cost of funding earning assets
  • 3.81%Net interest margin
  • 3.94%Noninterest income to earning assets
  • 2.67%Noninterest expense to earning assets
  • 3.29%Net operating income to assets
  • 1.85%Return on assets (ROA)
  • 1.85%Pretax return on assets
  • 2.97%Return on equity (ROE)
  • 20.56%Retained earnings to average equity (YTD only)
  • -2.52%Net charge-offs to loans
  • 0.03%Credit loss provision to net charge-offs
  • 520.51%Efficiency ratio
  • 49,683Assets per employee
  • 2.66%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 112.26%Loss allowance to loans
  • 2.71%Loss allowance to noncurrent loans
  • 140.53%Noncurrent assets plus other real estate owned to assets
  • 1.06%Noncurrent loans to loans
  • 1.93%Net loans and leases to deposits
  • 60.19%Net loans and leases to core deposits
  • 62.59%Equity capital to assets
  • 9.62%Core capital (leverage) ratio
  • 9.62%Tier 1 risk-based capital ratio
  • 17.29%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $252,427Average earning assets
  • $22,697Average equity
  • $231,243Average loans

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