City State Bank in Grimes, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 18, 2000

  • City State Bank in Grimes, Iowa (IA)
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City State Bank - Overview

  • General
  • FDIC Certificate #: 14511
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: City State Bank (#14410)
    Federal Reserve ID: 940544
    Date Established: May 25, 1934
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Interstate: No)
    OTS Docket #: 15543
    FDIC's unique #: 9067
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: May 25, 1934
    Last Structure Change Effective Date: May 18, 2000
    Last Structure Change Process Date: June 19, 2000
    Last Data Update: June 19, 2000
    Data Source Date: April 05, 2012
  • Location
  • Address: 100 North Jacob, Grimes, IA 50111
    County: Polk
    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
    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 Summary
  • Total assets: $34.3 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, 1999)

  • Dollar figures in thousands
  • 16Total employees (full-time equivalent)
  • $34,035Total assets
  • $3,192Cash and due from depository institutions
  • $1,028Interest-bearing balances
  • $7,375Securities
  • $1,200Federal funds sold & reverse repurchase agreements
  • $19,435Net loans & leases
  • $303Loan loss allowance
  • $0Trading account assets
  • $1,338Bank premises and fixed assets
  • $72Other real estate owned
  • $995Goodwill and other intangibles
  • $0Life insurance assets
  • $428All other assets
  • $34,035Total liabilities and capital
  • $30,221Total liabilities
  • $29,063Total deposits
  • $24,997Interest-bearing deposits
  • $29,063Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $914Other borrowed funds
  • $0Subordinated debt
  • $244All other liabilities
  • $3,814Total equity capital
  • $3,814Total bank equity capital
  • $3,814Perpetual preferred stock
  • $0Common stock
  • $200Surplus
  • $3,740Undivided profits
  • Memoranda
  • $-126Noncurrent loans and leases
  • $1,838Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $103Earning assets
  • $0Long-term assets (5+ years)
  • $238Average Assets, year-to-date
  • $29,038Average Assets, quarterly
  • $4,822Volatile liabilities
  • $33,630Insider loans
  • $34,061FHLB advances
  • $1,807Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $1,838Total unused commitments
  • $0Restructured Loans and leases
  • $264Derivatives

Income and Expense (December 31, 1999)

  • Dollar figures in thousands
  • $2,210Total interest income
  • $950Total interest expense
  • $1,260Net interest income
  • $24Provision for loan and lease losses
  • $320Total noninterest income
  • $0Fiduciary activities
  • $189Service charges on deposit accounts
  • $0Trading account gains & fees
  • $131Additional noninterest income
  • $1,147Total noninterest expense
  • $542Salaries and employee benefits
  • $157Premises and equipment expense
  • $448Additional noninterest expense
  • $409Pre-tax net operating income
  • $2Securities gains (losses)
  • $178Applicable income taxes
  • $233Income before extraordinary items
  • $0Extraordinary gains - net
  • $233Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $23Sale, conversion, retirement of capital stock, net
  • $231Net operating income

Performance and Condition Ratios (December 31, 1999)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.58%Yield on earning assets
  • 3.26%Cost of funding earning assets
  • 4.32%Net interest margin
  • 1.10%Noninterest income to earning assets
  • 3.93%Noninterest expense to earning assets
  • 0.69%Net operating income to assets
  • 0.69%Return on assets (ROA)
  • 1.22%Pretax return on assets
  • 5.87%Return on equity (ROE)
  • 0.05%Retained earnings to average equity (YTD only)
  • 0.12%Net charge-offs to loans
  • 104.35%Credit loss provision to net charge-offs
  • 18.83%Efficiency ratio
  • 67,722Assets per employee
  • 2.13%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 99.14%Loss allowance to loans
  • 1.54%Loss allowance to noncurrent loans
  • 294.17%Noncurrent assets plus other real estate owned to assets
  • 0.51%Noncurrent loans to loans
  • 0.52%Net loans and leases to deposits
  • 66.87%Net loans and leases to core deposits
  • 71.31%Equity capital to assets
  • 11.21%Core capital (leverage) ratio
  • 8.90%Tier 1 risk-based capital ratio
  • 14.02%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $33,630Average earning assets
  • $3,968Average equity
  • $29,171Average loans

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