Community Bank of Boone in Boone, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 17, 2009

  • Community Bank of Boone in Boone, Iowa (IA)
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Community Bank of Boone - Overview

  • General
  • FDIC Certificate #: 35268
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: AMES COMMUNITY BANK (#11763)
    Federal Reserve ID: 2792064
    Date Established: June 07, 1999
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 1 (Interstate: No)
    FDIC's unique #: 77232
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: June 07, 1999
    Last Structure Change Effective Date: January 17, 2009
    Last Structure Change Process Date: Febuary 27, 2009
    Last Data Update: Febuary 27, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 1704 South Marshall Street, Boone, IA 50036
    County: Boone
    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
    Combined Statistical Area (CSA): Ames-Boone, IA (#112)
    Core Based Statistical Area (CBSA): Boone, IA (#14340)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $130.0 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, 2008)

  • Dollar figures in thousands
  • 21Total employees (full-time equivalent)
  • $129,981Total assets
  • $1,750Cash and due from depository institutions
  • $5Interest-bearing balances
  • $19,275Securities
  • $3,725Federal funds sold & reverse repurchase agreements
  • $95,886Net loans & leases
  • $1,739Loan loss allowance
  • $0Trading account assets
  • $3,501Bank premises and fixed assets
  • $3,387Other real estate owned
  • $124Goodwill and other intangibles
  • $0Life insurance assets
  • $2,333All other assets
  • $129,981Total liabilities and capital
  • $117,023Total liabilities
  • $96,420Total deposits
  • $88,105Interest-bearing deposits
  • $96,420Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $2,382Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $17,850Other borrowed funds
  • $0Subordinated debt
  • $371All other liabilities
  • $12,958Total equity capital
  • $12,958Total bank equity capital
  • $12,958Perpetual preferred stock
  • $0Common stock
  • $2,500Surplus
  • $8,471Undivided profits
  • Memoranda
  • $1,987Noncurrent loans and leases
  • $15,902Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $5,537Earning assets
  • $0Long-term assets (5+ years)
  • $895Average Assets, year-to-date
  • $118,891Average Assets, quarterly
  • $38,094Volatile liabilities
  • $140,758Insider loans
  • $132,229FHLB advances
  • $32,431Loans and leases held for sale
  • $2,634Unused loan commitments
  • $17,850Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $15,902Total unused commitments
  • $93Restructured Loans and leases
  • $1,345Derivatives

Income and Expense (December 31, 2008)

  • Dollar figures in thousands
  • $7,927Total interest income
  • $4,214Total interest expense
  • $3,713Net interest income
  • $640Provision for loan and lease losses
  • $498Total noninterest income
  • $5Fiduciary activities
  • $191Service charges on deposit accounts
  • $0Trading account gains & fees
  • $302Additional noninterest income
  • $2,819Total noninterest expense
  • $1,528Salaries and employee benefits
  • $395Premises and equipment expense
  • $896Additional noninterest expense
  • $752Pre-tax net operating income
  • -$71Securities gains (losses)
  • $45Applicable income taxes
  • $636Income before extraordinary items
  • $0Extraordinary gains - net
  • $636Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $724Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2008)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.07%Yield on earning assets
  • 3.23%Cost of funding earning assets
  • 2.84%Net interest margin
  • 0.38%Noninterest income to earning assets
  • 2.16%Noninterest expense to earning assets
  • 0.50%Net operating income to assets
  • 0.45%Return on assets (ROA)
  • 0.48%Pretax return on assets
  • 5.12%Return on equity (ROE)
  • 5.12%Retained earnings to average equity (YTD only)
  • 0.67%Net charge-offs to loans
  • 88.40%Credit loss provision to net charge-offs
  • 1.92%Efficiency ratio
  • 66,944Assets per employee
  • 6.19%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.78%Loss allowance to noncurrent loans
  • 31.41%Noncurrent assets plus other real estate owned to assets
  • 6.87%Noncurrent loans to loans
  • 5.67%Net loans and leases to deposits
  • 99.45%Net loans and leases to core deposits
  • 126.38%Equity capital to assets
  • 9.97%Core capital (leverage) ratio
  • 9.83%Tier 1 risk-based capital ratio
  • 11.93%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $140,758Average earning assets
  • $12,419Average equity
  • $130,609Average loans

Total Fiduciary and Related Assets (December 31, 2008)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $4,956Managed Assets
  • 1Number of Accounts
  • $4,956Personal trust and agency accounts
  • $4,956Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 19Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

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