Corridor State Bank in Coralville, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 22, 2010

  • Corridor State Bank in Coralville, Iowa (IA)
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Corridor State Bank - Overview

  • General
  • FDIC Certificate #: 58284
    Status: Inactive
    Closing history: Absorption - Without Assistance
    Acquiring institution: Central State Bank (#1550)
    Federal Reserve ID: 3394670
    Date Established: Febuary 22, 2006
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 2 (Interstate: No)
    FDIC's unique #: 445317
    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: Febuary 22, 2006
    Last Structure Change Effective Date: October 22, 2010
    Last Structure Change Process Date: December 07, 2010
    Last Data Update: December 07, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 2530 Corridor Way, Coralville, IA 52241
    County: Johnson
    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): Iowa City, IA (#3500)
    Core Based Statistical Area (CBSA): Iowa City, IA (#26980)
    CBSA Metro Statistical Area: Iowa City, IA (#26980)
  • Financial Summary
  • Total assets: $58.4 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, 2009)

  • Dollar figures in thousands
  • 14Total employees (full-time equivalent)
  • $67,159Total assets
  • $3,841Cash and due from depository institutions
  • $3,190Interest-bearing balances
  • $788Securities
  • $3,060Federal funds sold & reverse repurchase agreements
  • $56,537Net loans & leases
  • $809Loan loss allowance
  • $0Trading account assets
  • $638Bank premises and fixed assets
  • $807Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $1,488All other assets
  • $67,159Total liabilities and capital
  • $61,435Total liabilities
  • $57,488Total deposits
  • $55,279Interest-bearing deposits
  • $57,488Deposits held in domestic offices
  • 93.67%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $3,730Other borrowed funds
  • $0Subordinated debt
  • $217All other liabilities
  • $5,724Total equity capital
  • $5,724Total bank equity capital
  • $5,724Perpetual preferred stock
  • $0Common stock
  • $600Surplus
  • $7,400Undivided profits
  • Memoranda
  • $-2,276Noncurrent loans and leases
  • $815Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $383Earning assets
  • $0Long-term assets (5+ years)
  • $242Average Assets, year-to-date
  • $63,575Average Assets, quarterly
  • $1,411Volatile liabilities
  • $63,289Insider loans
  • $66,254FHLB advances
  • $12,836Loans and leases held for sale
  • $1,001Unused loan commitments
  • $3,730Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $815Total unused commitments
  • $0Restructured Loans and leases
  • $719Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $3,587Total interest income
  • $1,702Total interest expense
  • $1,885Net interest income
  • $349Provision for loan and lease losses
  • $17Total noninterest income
  • $0Fiduciary activities
  • $98Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$81Additional noninterest income
  • $1,802Total noninterest expense
  • $918Salaries and employee benefits
  • $421Premises and equipment expense
  • $463Additional noninterest expense
  • -$249Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • -$249Income before extraordinary items
  • $0Extraordinary gains - net
  • -$249Net income attributable to bank
  • $0Net charge-offs
  • -$249Cash dividends
  • $154Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.02%Yield on earning assets
  • 2.86%Cost of funding earning assets
  • 3.16%Net interest margin
  • 0.03%Noninterest income to earning assets
  • 3.03%Noninterest expense to earning assets
  • -0.39%Net operating income to assets
  • -0.39%Return on assets (ROA)
  • -0.39%Pretax return on assets
  • -4.24%Return on equity (ROE)
  • -4.24%Retained earnings to average equity (YTD only)
  • 0.28%Net charge-offs to loans
  • 226.62%Credit loss provision to net charge-offs
  • 0.65%Efficiency ratio
  • 94,742Assets per employee
  • 4.80%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.41%Loss allowance to noncurrent loans
  • 211.23%Noncurrent assets plus other real estate owned to assets
  • 1.77%Noncurrent loans to loans
  • 0.67%Net loans and leases to deposits
  • 98.35%Net loans and leases to core deposits
  • 123.45%Equity capital to assets
  • 8.52%Core capital (leverage) ratio
  • 8.45%Tier 1 risk-based capital ratio
  • 9.97%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $63,289Average earning assets
  • $5,875Average equity
  • $59,566Average loans

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