City National Bank of Cedar Rapids in Cedar Rapids, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 23, 1993

  • City National Bank of Cedar Rapids in Cedar Rapids, Iowa (IA)
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City National Bank of Cedar Rapids - Overview

  • General
  • FDIC Certificate #: 17702
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Mercantile Bank of Cedar Rapids, Iowa (#10112)
    Federal Reserve ID: 891543
    Date Established: December 14, 1956
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 2 (Interstate: No)
    FDIC's unique #: 11662
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: December 14, 1956
    Last Structure Change Effective Date: November 23, 1993
    Last Structure Change Process Date: December 14, 1993
    Last Data Update: December 14, 1993
    Data Source Date: April 05, 2012
  • Location
  • Address: 1100 Old Marion Road, N.E., Cedar Rapids, IA 52402
    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)
  • Financial Summary
  • Total assets: $61.1 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $40Total assets
  • $59,587Cash and due from depository institutions
  • $5,317Interest-bearing balances
  • $0Securities
  • $8,687Federal funds sold & reverse repurchase agreements
  • $6,500Net loans & leases
  • $33,082Loan loss allowance
  • $1,581Trading account assets
  • $0Bank premises and fixed assets
  • $1,627Other real estate owned
  • $593Goodwill and other intangibles
  • $919Life insurance assets
  • $2,862All other assets
  • $0Total liabilities and capital
  • $59,587Total liabilities
  • $53,394Total deposits
  • $52,732Interest-bearing deposits
  • $42,784Deposits held in domestic offices
  • 52732.00%% insured (estimated)
  • $94Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $309Subordinated debt
  • $0All other liabilities
  • $353Total equity capital
  • $353Total bank equity capital
  • $6,193Perpetual preferred stock
  • $0Common stock
  • $650Surplus
  • $5,498Undivided profits
  • Memoranda
  • $45Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,167Income earned, not collected on loans
  • $245Earning assets
  • $48,269Long-term assets (5+ years)
  • $2,596Average Assets, year-to-date
  • $58,832Average Assets, quarterly
  • $57,078Volatile liabilities
  • $2,154Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $5,656Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $3,331Total risk weighted assets
  • $35,425Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $511Total interest expense
  • $219Net interest income
  • $292Provision for loan and lease losses
  • $0Total noninterest income
  • $52Fiduciary activities
  • $0Service charges on deposit accounts
  • $39Trading account gains & fees
  • $0Additional noninterest income
  • $13Total noninterest expense
  • $299Salaries and employee benefits
  • $124Premises and equipment expense
  • $38Additional noninterest expense
  • $137Pre-tax net operating income
  • $45Securities gains (losses)
  • $0Applicable income taxes
  • $0Income before extraordinary items
  • $45Extraordinary gains - net
  • $0Net income attributable to bank
  • $45Net charge-offs
  • $0Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1992)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 1.03%Cost of funding earning assets
  • 0.44%Net interest margin
  • 0.59%Noninterest income to earning assets
  • 0.10%Noninterest expense to earning assets
  • 0.60%Net operating income to assets
  • 0.08%Return on assets (ROA)
  • 0.08%Pretax return on assets
  • 0.08%Return on equity (ROE)
  • 1.28%Retained earnings to average equity (YTD only)
  • 1.28%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 86,919Assets per employee
  • 1.49%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 4.56%Loss allowance to noncurrent loans
  • 135.48%Noncurrent assets plus other real estate owned to assets
  • 2.95%Noncurrent loans to loans
  • 3.37%Net loans and leases to deposits
  • 62.74%Net loans and leases to core deposits
  • 65.01%Equity capital to assets
  • 10.39%Core capital (leverage) ratio
  • 5.87%Tier 1 risk-based capital ratio
  • 9.40%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $58,832Average earning assets
  • $3,519Average equity
  • $49,541Average loans

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