Center Point Bank and Trust Company in Center Point, Iowa (IA)

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Center Point Bank and Trust Company
GeneralFDIC Certificate #: 19293
Status: Active
Federal Reserve ID: 862945
Bank Holding Company (Regulatory Top Holder): Country Bancorporation (RSSDID: 1203910, Location: Crawfordsville, IA)
Date Established: December 01, 1964
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Domestic: 1, Interstate: No)
OTS Docket #: 12493
FDIC's unique #: 13106
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: No
Asset Concentration Hierarchy: All Other Specialization < 1 Billion
Date of Deposit Insurance: December 01, 1964
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
LocationAddress: 901 Bank Court, Center Point, IA 52213
County: Linn
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Cedar Rapids
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: Western
Metropolitan Statistical Area (MSA): Cedar Rapids, IA (#1360)
Core Based Statistical Area (CBSA): Cedar Rapids, IA (#16300)
CBSA Metro Statistical Area: Cedar Rapids, IA (#16300)
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $31.9 mil
Equity capital: $2.6 mil
Deposits held in domestic offices: $28.0 mil
Return on assets (ROA): 1.20% ($0.4 mil)
Quarterly return on assets: 1.11% ($0.4 mil)
Return on Equity (ROE): 14.00% ($0.4 mil)
Quarterly return on equity: 13.46% ($0.4 mil)
Net income: $0.4 mil
Quarterly Net income: $0.1 mil
Pretax return on assets: 1.93% ($616.0 mil)
Quarterly Pretax return on assets: 1.92% ($612.8 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)
Total employees (full-time equivalent)8
Total assets$31,918
Cash and due from depository institutions$2,421
Interest-bearing balances$631
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$22,143
Loan loss allowance $289
Trading account assets$0
Bank premises and fixed assets$626
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$1,180
Life insurance assets$31,918
Total liabilities and capital$29,329
Total liabilities$27,981
Total deposits$23,247
Interest-bearing deposits$27,981
Deposits held in domestic offices$91
% insured (estimated)1126.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $222
All other liabilities $2,589
Total equity capital$2,589
Total bank equity capital$2,589
Perpetual preferred stock$0
Common stock$75
Undivided profits $1,964
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $1
Earning assets $0
Long-term assets (5+ years) $179
Average Assets, year-to-date $28,322
Average Assets, quarterly $12,677
Volatile liabilities $29,430
Insider loans $31,485
FHLB advances $22,906
Loans and leases held for sale $31,058
Unused loan commitments $852
Tier 1 (core) risk-based capital $852
Tier 2 risk-based capital $2,489
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $3,887
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $1,521
Total interest expense $325
Net interest income $1,196
Provision for loan and lease losses $47
Total noninterest income $164
Fiduciary activities $0
Service charges on deposit accounts $75
Trading account gains & fees $0
Additional noninterest income $89
Total noninterest expense $745
Salaries and employee benefits $490
Premises and equipment expense $123
Additional noninterest expense $132
Pre-tax net operating income $568
Securities gains (losses) $1
Applicable income taxes $216
Income before extraordinary items $353
Extraordinary gains - net $0
Net income attributable to bank $353
Net charge-offs $0
Cash dividends $353
Sale, conversion, retirement of capital stock, net $0
Net operating income $200
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.77%
Cost of funding earning assets 1.23%
Net interest margin 4.53%
Noninterest income to earning assets 0.62%
Noninterest expense to earning assets 2.82%
Net operating income to assets 1.20%
Return on assets (ROA) 1.20%
Pretax return on assets 1.93%
Return on equity (ROE) 14.00%
Retained earnings to average equity (YTD only) 6.07%
Net charge-offs to loans 0.00%
Credit loss provision to net charge-offs 0.00%
Efficiency ratio0.00%
Assets per employee$54,779
Cash dividends to net income (YTD only)3.99%
Condition Ratios (%)
Loss allowance to loans 56.66%
Loss allowance to noncurrent loans 1.29%
Noncurrent assets plus other real estate owned to assets 28900.00%
Noncurrent loans to loans 0.00%
Net loans and leases to deposits0.00%
Net loans and leases to core deposits 79.14%
Equity capital to assets 80.58%
Core capital (leverage) ratio 8.11%
Tier 1 risk-based capital ratio 8.01%
Total risk-based capital ratio 10.87%
Average assets$12
Average earning assets$29,430
Average equity $2,521
Average loans $26,379
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1 Iowa Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
013106Center Point Bank And Trust Company901 Bank Court, Center Point, IA 52213December 01, 1964Full Service Brick and Mortar
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