Boone Bank & Trust Co. in city_name, state_name - Detailed Financial Reports, Location

Boone Bank & Trust Co. in Boone, Iowa (IA)
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Boone Bank & Trust Co. routing number info

Boone Bank & Trust Co. - Overview

General
FDIC Certificate #: 33552
Status: Active
Federal Reserve ID: 745347
Bank Holding Company (Regulatory Top Holder): Ames National Corporation (RSSDID: 1202258, Location: Ames, IA)
Date Established: January 16, 1992
WWW: http://www.boonebankiowa.com
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Domestic: 2, Interstate: No)
OTS Docket #: 15832
FDIC's unique #: 47432
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Agricultural lending institution: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: No
Asset Concentration Hierarchy: Agricultural Specialization
Date of Deposit Insurance: January 16, 1992
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
Location
Address: 716 Eighth Street, Boone, IA 50036
County: Boone
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Des Moines
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: Western
Combined Statistical Area (CSA): Ames-Boone, IA (#112)
Core Based Statistical Area (CBSA): Boone, IA (#14340)
CBSA Micro Statistical Area: Yes
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $118.3 mil
Equity capital: $13.9 mil
Deposits held in domestic offices: $88.5 mil
Return on assets (ROA): 1.56% ($1.8 mil)
Quarterly return on assets: 1.74% ($2.1 mil)
Return on Equity (ROE): 13.58% ($1.9 mil)
Quarterly return on equity: 15.37% ($2.2 mil)
Net income: $1.8 mil
Quarterly Net income: $0.5 mil
Pretax return on assets: 2.06% ($2,438.0 mil)
Quarterly Pretax return on assets: 2.18% ($2,580.0 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, 2011)

Dollar figures in thousands
26Total employees (full-time equivalent)
$118,349Total assets
$6,073Cash and due from depository institutions
$3,727Interest-bearing balances
$60,639Securities
$0Federal funds sold & reverse repurchase agreements
$48,350Net loans & leases
$777Loan loss allowance
$0Trading account assets
$787Bank premises and fixed assets
$546Other real estate owned
$0Goodwill and other intangibles
$118,349Life insurance assets
$1,954All other assets
$104,434Total liabilities and capital
$88,477Total liabilities
$79,197Total deposits
$88,477Interest-bearing deposits
$81Deposits held in domestic offices
11858.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$3,500Trading liabilities
$0Other borrowed funds
$599Subordinated debt
$13,915All other liabilities
$13,915Total equity capital
$13,915Total bank equity capital
$0Perpetual preferred stock
$1,500Common stock
$3,500Surplus
$8,915Undivided profits
Memoranda
$0Noncurrent loans and leases
$291Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$409Income earned, not collected on loans
$0Earning assets
$1,176Long-term assets (5+ years)
$112,716Average Assets, year-to-date
$46,873Average Assets, quarterly
$117,211Volatile liabilities
$121,816Insider loans
$78,430FHLB advances
$118,276Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$12,900Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$10,090Restructured Loans and leases
$115Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$4,880Total interest income
$815Total interest expense
$4,065Net interest income
$5Provision for loan and lease losses
$808Total noninterest income
$146Fiduciary activities
$230Service charges on deposit accounts
$0Trading account gains & fees
$432Additional noninterest income
$2,551Total noninterest expense
$1,476Salaries and employee benefits
$282Premises and equipment expense
$793Additional noninterest expense
$2,317Pre-tax net operating income
$101Securities gains (losses)
$590Applicable income taxes
$1,828Income before extraordinary items
$0Extraordinary gains - net
$1,828Net income attributable to bank
$0Net charge-offs
$1,828Cash dividends
$16Sale, conversion, retirement of capital stock, net
$1,284Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
4.38%Yield on earning assets
0.73%Cost of funding earning assets
3.65%Net interest margin
0.73%Noninterest income to earning assets
2.29%Noninterest expense to earning assets
1.49%Net operating income to assets
1.56%Return on assets (ROA)
2.06%Pretax return on assets
13.58%Return on equity (ROE)
4.04%Retained earnings to average equity (YTD only)
0.03%Net charge-offs to loans
31.25%Credit loss provision to net charge-offs
145.13%Efficiency ratio
52,350Assets per employee
4.55%Cash dividends to net income (YTD only)
Condition Ratios (%)
70.24%Loss allowance to loans
1.58%Loss allowance to noncurrent loans
189.98%Noncurrent assets plus other real estate owned to assets
0.81%Noncurrent loans to loans
0.83%Net loans and leases to deposits
54.65%Net loans and leases to core deposits
57.61%Equity capital to assets
11.76%Core capital (leverage) ratio
10.91%Tier 1 risk-based capital ratio
16.45%Total risk-based capital ratio
Memoranda
$17Average assets
$117,211Average earning assets
$13,457Average equity
$111,355Average loans

Total Fiduciary and Related Assets (December 31, 2011)

Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
YesFiduciary powers granted
YesFiduciary or related activity
$27,685Managed Assets
1Number of Accounts
$22,592Personal trust and agency accounts
$15,873Employee benefit-defined contribution accounts
$34Employee benefit-defined benefit accounts
$0Other retirement accounts
$410Corporate trust and agency accounts
$0Investment management agency accounts
$6,032Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
$243Non-managed Assets
148Number of Accounts
$0Personal trust and agency accounts
$39Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$5,093Other retirement accounts
$155Corporate trust and agency accounts
$0Other fiduciary accounts
$3,629Fiduciary accounts held in foreign offices

List of branches

2 Iowa Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type	Map
0	47432	Boone Bank & Trust Co.	716 Eighth Street, Boone, IA 50036	January 16, 1992	Full Service Brick and Mortar
3	189774	Parking Lot Branch	1326 South Story Street, Boone, IA 50036	January 30, 1968	Full Service Brick and Mortar

Boone Bank & Trust Co. in Boone, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Boone Bank & Trust Co. - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Total Fiduciary and Related Assets (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

Boone Bank & Trust Co. in Boone, Iowa (IA)Overview, Financial Summary, Detailed Financial Reports, Branches

Boone Bank & Trust Co. - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Total Fiduciary and Related Assets (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

Boone Bank & Trust Co. in Boone, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches