Central Trust and Savings Bank in Cherokee, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 15, 2001

Central Trust and Savings Bank in Cherokee, Iowa (IA)
Show street view No street view available for this location

Central Trust and Savings Bank - Overview

General
FDIC Certificate #: 10113
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Central Bank (#15555)
Federal Reserve ID: 802848
Date Established: May 01, 1931
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 4 (Interstate: No)
OTS Docket #: 13049
FDIC's unique #: 6467
Numeric code: 13
Regulator: FED
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: January 01, 1934
Last Structure Change Effective Date: December 15, 2001
Last Structure Change Process Date: January 09, 2002
Last Data Update: January 09, 2002
Data Source Date: April 05, 2012
Location
Address: 228 West Main Street, Cherokee, IA 51012
County: Cherokee
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Sioux City
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: Western
Financial Summary
Total assets: $66.4 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
17Total employees (full-time equivalent)
$59,906Total assets
$1,983Cash and due from depository institutions
$0Interest-bearing balances
$2,839Securities
$0Federal funds sold & reverse repurchase agreements
$52,943Net loans & leases
$452Loan loss allowance
$0Trading account assets
$1,060Bank premises and fixed assets
$0Other real estate owned
$244Goodwill and other intangibles
$0Life insurance assets
$837All other assets
$59,906Total liabilities and capital
$55,754Total liabilities
$48,583Total deposits
$45,110Interest-bearing deposits
$48,583Deposits held in domestic offices
0.00%% insured (estimated)
$5,090Federal funds purchased & repurchase agreements
$0Trading liabilities
$1,600Other borrowed funds
$0Subordinated debt
$481All other liabilities
$4,152Total equity capital
$4,152Total bank equity capital
$4,152Perpetual preferred stock
$0Common stock
$100Surplus
$1,800Undivided profits
Memoranda
$2,252Noncurrent loans and leases
$9,673Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$106Earning assets
$15Long-term assets (5+ years)
$785Average Assets, year-to-date
$55,782Average Assets, quarterly
$5,651Volatile liabilities
$55,312Insider loans
$56,470FHLB advances
$14,481Loans and leases held for sale
$2,189Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$9,673Total unused commitments
$21Restructured Loans and leases
$452Derivatives

Income and Expense (December 31, 2000)

Dollar figures in thousands
$4,274Total interest income
$2,443Total interest expense
$1,831Net interest income
$35Provision for loan and lease losses
$150Total noninterest income
$0Fiduciary activities
$99Service charges on deposit accounts
$0Trading account gains & fees
$51Additional noninterest income
$1,015Total noninterest expense
$543Salaries and employee benefits
$184Premises and equipment expense
$288Additional noninterest expense
$931Pre-tax net operating income
-$1Securities gains (losses)
$325Applicable income taxes
$605Income before extraordinary items
$0Extraordinary gains - net
$605Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$0Sale, conversion, retirement of capital stock, net
$700Net operating income

Performance and Condition Ratios (December 31, 2000)

Dollar figures in thousands
Performance Ratios (%, annualized)
8.30%Yield on earning assets
4.74%Cost of funding earning assets
3.56%Net interest margin
0.29%Noninterest income to earning assets
1.97%Noninterest expense to earning assets
1.09%Net operating income to assets
1.09%Return on assets (ROA)
1.68%Pretax return on assets
14.18%Return on equity (ROE)
-2.23%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
50,328Assets per employee
3.52%Cash dividends to net income (YTD only)
Condition Ratios (%)
115.70%Loss allowance to loans
0.85%Loss allowance to noncurrent loans
426.42%Noncurrent assets plus other real estate owned to assets
0.18%Noncurrent loans to loans
0.20%Net loans and leases to deposits
108.97%Net loans and leases to core deposits
135.09%Equity capital to assets
6.93%Core capital (leverage) ratio
7.23%Tier 1 risk-based capital ratio
7.61%Total risk-based capital ratio
Memoranda
$8Average assets
$55,312Average earning assets
$4,267Average equity
$51,499Average loans

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

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Central Trust and Savings Bank.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.