Brenton Bank in Des Moines, Iowa (IA)



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Brenton Bank
GeneralFDIC Certificate #: 20740
Status: Inactive
Closing history: Consolidated - Without Assistance
Acquiring institution: Wells Fargo Bank Iowa, National Association (#4448)
Federal Reserve ID: 633248
Date Established: July 06, 1972
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 39 (Interstate: No)
OTS Docket #: 11228
FDIC's unique #: 14325
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
Oakar Institutions: Yes
State Chartered: Yes
Date of Deposit Insurance: July 06, 1972
Last Structure Change Effective Date: March 24, 2001
Last Structure Change Process Date: April 05, 2001
Last Data Update: April 05, 2001
Data Source Date: April 05, 2012
LocationAddress: 400 Locust Street, Des Moines, IA 50309
County: Polk
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: San Francisco
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)
Financial SummaryTotal assets: $2,005.3 mil

1992 - 1999 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, 2000)
(Dollar figures in thousands)
Total employees (full-time equivalent)445
Total assets$2,005,318
Cash and due from depository institutions$127,426
Interest-bearing balances$2,938
Securities$505,003
Federal funds sold & reverse repurchase agreements$124,900
Net loans & leases$1,021,853
Loan loss allowance $18,917
Trading account assets$0
Bank premises and fixed assets$30,864
Other real estate owned$340
Goodwill and other intangibles$142,605
All other assets$52,327
Life insurance assets$0
Total liabilities and capital$2,005,318
Total liabilities$1,718,321
Total deposits$1,497,700
Interest-bearing deposits$1,278,672
Deposits held in domestic offices$1,497,700
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $154,930
Trading liabilities$0
Other borrowed funds $29,658
Subordinated debt $7,000
All other liabilities $29,033
Total equity capital$286,997
Total bank equity capital$286,997
Perpetual preferred stock$286,997
Common stock$0
Surplus$6,904
Undivided profits $275,577
Memoranda
Noncurrent loans and leases $4,516
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $332,713
Income earned, not collected on loans $0
Earning assets $5,410
Long-term assets (5+ years) $96
Average Assets, year-to-date $9,121
Average Assets, quarterly $1,654,694
Volatile liabilities $296,973
Insider loans $1,852,166
FHLB advances $1,916,424
Loans and leases held for sale $270,433
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $3,607
Total risk weighted assets $0
Total unused commitments $332,713
Restructured Loans and leases $0
Derivatives$23,787
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Income and Expense (December 31, 2000)
(Dollar figures in thousands)
Total interest income $10,760
Total interest expense $5,807
Net interest income $4,953
Provision for loan and lease losses $172
Total noninterest income $1,922
Fiduciary activities $491
Service charges on deposit accounts $493
Trading account gains & fees $0
Additional noninterest income $938
Total noninterest expense $5,513
Salaries and employee benefits $2,218
Premises and equipment expense $826
Additional noninterest expense $2,469
Pre-tax net operating income $1,190
Securities gains (losses) $0
Applicable income taxes $214
Income before extraordinary items $976
Extraordinary gains - net $0
Net income attributable to bank $976
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $404
Net operating income $0
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Performance and Condition Ratios (December 31, 2000)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets0.66%
Cost of funding earning assets 0.35%
Net interest margin 0.30%
Noninterest income to earning assets 0.12%
Noninterest expense to earning assets 0.34%
Net operating income to assets 0.05%
Return on assets (ROA) 0.05%
Pretax return on assets 0.06%
Return on equity (ROE) 0.62%
Retained earnings to average equity (YTD only) 0.62%
Net charge-offs to loans 0.04%
Credit loss provision to net charge-offs 42.57%
Efficiency ratio3.37%
Assets per employee$68,175
Cash dividends to net income (YTD only)4.51%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.82%
Noncurrent assets plus other real estate owned to assets 349.67%
Noncurrent loans to loans 0.29%
Net loans and leases to deposits0.52%
Net loans and leases to core deposits 68.23%
Equity capital to assets 73.52%
Core capital (leverage) ratio 14.31%
Tier 1 risk-based capital ratio 7.58%
Total risk-based capital ratio 10.50%
Memoranda
Average assets$12
Average earning assets$1,852,166
Average equity $156,361
Average loans $1,641,564
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