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


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
  • NoIDNameAddressEstablishedService TypeMap
    047432Boone Bank & Trust Co.716 Eighth Street, Boone, IA 50036January 16, 1992Full Service Brick and Mortar
    3189774Parking Lot Branch1326 South Story Street, Boone, IA 50036January 30, 1968Full Service Brick and Mortar

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