FDIC Certificate #: 16710 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Iowa State Bank (#950) Federal Reserve ID: 211543 Date Established: July 17, 1948 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) FDIC's unique #: 10832 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: July 17, 1948 Last Structure Change Effective Date: August 30, 2003 Last Structure Change Process Date: September 26, 2003 Last Data Update: September 26, 2003 Data Source Date: April 05, 2012
Location
Address: Main Street, Corwith, IA 50430 County: Hancock 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
Financial Summary
Total assets: $23.7 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2002)
Dollar figures in thousands
10Total employees (full-time equivalent)
$24,504Total assets
$568Cash and due from depository institutions
$12Interest-bearing balances
$7,709Securities
$1,624Federal funds sold & reverse repurchase agreements
$13,663Net loans & leases
$206Loan loss allowance
$0Trading account assets
$282Bank premises and fixed assets
$0Other real estate owned
$52Goodwill and other intangibles
$0Life insurance assets
$606All other assets
$24,504Total liabilities and capital
$22,010Total liabilities
$21,721Total deposits
$19,080Interest-bearing deposits
$21,721Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$289All other liabilities
$2,494Total equity capital
$2,494Total bank equity capital
$2,494Perpetual preferred stock
$0Common stock
$73Surplus
$1,154Undivided profits
Memoranda
$1,267Noncurrent loans and leases
$2,927Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$66Earning assets
$24Long-term assets (5+ years)
$484Average Assets, year-to-date
$23,008Average Assets, quarterly
$1,012Volatile liabilities
$24,987Insider loans
$24,430FHLB advances
$2,688Loans and leases held for sale
$50Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$85Total risk weighted assets
$2,927Total unused commitments
$0Restructured Loans and leases
$191Derivatives
Income and Expense (December 31, 2002)
Dollar figures in thousands
$1,506Total interest income
$573Total interest expense
$933Net interest income
$0Provision for loan and lease losses
$138Total noninterest income
$0Fiduciary activities
$115Service charges on deposit accounts
$0Trading account gains & fees
$23Additional noninterest income
$785Total noninterest expense
$517Salaries and employee benefits
$100Premises and equipment expense
$168Additional noninterest expense
$286Pre-tax net operating income
$0Securities gains (losses)
$96Applicable income taxes
$190Income before extraordinary items
$0Extraordinary gains - net
$190Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$13Sale, conversion, retirement of capital stock, net
$135Net operating income
Performance and Condition Ratios (December 31, 2002)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.45%Yield on earning assets
2.45%Cost of funding earning assets
3.99%Net interest margin
0.59%Noninterest income to earning assets
3.36%Noninterest expense to earning assets
0.76%Net operating income to assets
0.76%Return on assets (ROA)
1.14%Pretax return on assets
7.89%Return on equity (ROE)
2.28%Retained earnings to average equity (YTD only)
0.08%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
22.00%Efficiency ratio
72,642Assets per employee
2.45%Cash dividends to net income (YTD only)
Condition Ratios (%)
71.05%Loss allowance to loans
1.49%Loss allowance to noncurrent loans
312.12%Noncurrent assets plus other real estate owned to assets
0.27%Noncurrent loans to loans
0.48%Net loans and leases to deposits
62.90%Net loans and leases to core deposits
71.79%Equity capital to assets
10.18%Core capital (leverage) ratio
9.38%Tier 1 risk-based capital ratio
15.30%Total risk-based capital ratio
Memoranda
$17Average assets
$24,987Average earning assets
$2,407Average equity
$23,355Average loans
Total Fiduciary and Related Assets (December 31, 2002)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
YesFiduciary powers granted
YesFiduciary or related activity
$88Managed Assets
1Number 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
$0Investment management agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
$0Non-managed Assets
12Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$88Other retirement accounts
$88Corporate trust and agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
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