Cleghorn State Bank in Cleghorn, Iowa (IA)



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Cleghorn State Bank
GeneralFDIC Certificate #: 8518
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: The First Trust & Savings Bank (#15431)
Federal Reserve ID: 834447
Date Established: January 01, 1892
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 5427
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: January 01, 1934
Last Structure Change Effective Date: October 01, 1996
Last Structure Change Process Date: October 31, 1996
Last Data Update: October 31, 1996
Data Source Date: April 05, 2012
LocationAddress: 101 North Lewis Avenue, Cleghorn, IA 51014
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 SummaryTotal assets: $12.2 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)
(Dollar figures in thousands)
Total employees (full-time equivalent)0
Total assets$6
Cash and due from depository institutions$11,336
Interest-bearing balances$118
Securities$0
Federal funds sold & reverse repurchase agreements$4,288
Net loans & leases$125
Loan loss allowance $6,551
Trading account assets$80
Bank premises and fixed assets$0
Other real estate owned$57
Goodwill and other intangibles$0
All other assets$0
Life insurance assets$197
Total liabilities and capital$0
Total liabilities$11,336
Total deposits$10,456
Interest-bearing deposits$10,241
Deposits held in domestic offices$9,527
% insured (estimated)10241.00%
Federal funds purchased & repurchase agreements $91
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $70
All other liabilities $0
Total equity capital$145
Total bank equity capital$145
Perpetual preferred stock$880
Common stock$0
Surplus$200
Undivided profits $425
Memoranda
Noncurrent loans and leases $255
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $0
Earning assets $136
Long-term assets (5+ years) $10,964
Average Assets, year-to-date $526
Average Assets, quarterly $11,040
Volatile liabilities $11,175
Insider loans $972
FHLB advances $25
Loans and leases held for sale $0
Unused loan commitments $0
Tier 1 (core) risk-based capital $1,194
Tier 2 risk-based capital $0
Total risk weighted assets $872
Total unused commitments $7,357
Restructured Loans and leases $0
Derivatives$0
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Income and Expense (December 31, 1995)
(Dollar figures in thousands)
Total interest income $0
Total interest expense $830
Net interest income $427
Provision for loan and lease losses $403
Total noninterest income $10
Fiduciary activities $59
Service charges on deposit accounts $0
Trading account gains & fees $32
Additional noninterest income $0
Total noninterest expense $27
Salaries and employee benefits $301
Premises and equipment expense $175
Additional noninterest expense $12
Pre-tax net operating income $114
Securities gains (losses) $151
Applicable income taxes $2
Income before extraordinary items $45
Extraordinary gains - net $108
Net income attributable to bank $0
Net charge-offs $108
Cash dividends $4
Sale, conversion, retirement of capital stock, net $85
Net operating income $0
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Performance and Condition Ratios (December 31, 1995)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets0.00%
Cost of funding earning assets 7.79%
Net interest margin 4.01%
Noninterest income to earning assets 3.78%
Noninterest expense to earning assets 0.55%
Net operating income to assets 2.83%
Return on assets (ROA) 0.97%
Pretax return on assets 0.98%
Return on equity (ROE) 1.39%
Retained earnings to average equity (YTD only) 12.80%
Net charge-offs to loans 2.73%
Credit loss provision to net charge-offs 0.07%
Efficiency ratio250.00%
Assets per employee$65,152
Cash dividends to net income (YTD only)1.89%
Condition Ratios (%)
Loss allowance to loans 78.70%
Loss allowance to noncurrent loans 1.21%
Noncurrent assets plus other real estate owned to assets 0.00%
Noncurrent loans to loans 0.00%
Net loans and leases to deposits0.00%
Net loans and leases to core deposits 63.97%
Equity capital to assets 70.15%
Core capital (leverage) ratio 7.76%
Tier 1 risk-based capital ratio 7.55%
Total risk-based capital ratio 11.85%
Memoranda
Average assets$13
Average earning assets$11,040
Average equity $844
Average loans $10,652
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