FDIC Certificate #: 14705 Status: Active Federal Reserve ID: 668147 Bank Holding Company (Regulatory Top Holder): De Witt Bancorp, Inc. (RSSDID: 1205576, Location: De Witt, IA) Date Established: June 15, 1933 WWW:http://www.dewittbank.com Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) OTS Docket #: 10949 FDIC's unique #: 9199 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Agricultural lending institution: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: Yes Asset Concentration Hierarchy: Agricultural Specialization Date of Deposit Insurance: August 27, 1934 Last Structure Change Effective Date: March 31, 2006 Last Structure Change Process Date: November 03, 2006 Last Data Update: November 03, 2006 Data Source Date: April 05, 2012
Location
Address: 815 Sixth Avenue, De Witt, IA 52742 County: Clinton 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 Core Based Statistical Area (CBSA): Clinton, IA (#17540) CBSA Micro Statistical Area: Yes
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $118.1 mil Equity capital: $12.6 mil Deposits held in domestic offices: $103.2 mil Return on assets (ROA): 1.49% ($1.8 mil) Quarterly return on assets: 0.42% ($0.5 mil) Return on Equity (ROE): 14.52% ($1.9 mil) Quarterly return on equity: 4.01% ($0.5 mil) Net income: $1.8 mil Quarterly Net income: $0.1 mil Pretax return on assets: 1.57% ($1,854.3 mil) Quarterly Pretax return on assets: 0.45% ($531.5 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2011)
Dollar figures in thousands
39Total employees (full-time equivalent)
$118,110Total assets
$2,890Cash and due from depository institutions
$68Interest-bearing balances
$25,525Securities
$910Federal funds sold & reverse repurchase agreements
$83,575Net loans & leases
$1,123Loan loss allowance
$0Trading account assets
$2,143Bank premises and fixed assets
$0Other real estate owned
$200Goodwill and other intangibles
$118,110Life insurance assets
$2,867All other assets
$105,524Total liabilities and capital
$103,223Total liabilities
$91,129Total deposits
$103,223Interest-bearing deposits
$83Deposits held in domestic offices
1606.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$695Subordinated debt
$12,586All other liabilities
$12,586Total equity capital
$12,586Total bank equity capital
$0Perpetual preferred stock
$600Common stock
$1,900Surplus
$10,086Undivided profits
Memoranda
$0Noncurrent loans and leases
$823Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1,452Income earned, not collected on loans
$20Earning assets
$829Long-term assets (5+ years)
$110,078Average Assets, year-to-date
$19,719Average Assets, quarterly
$119,920Volatile liabilities
$119,601Insider loans
$93,951FHLB advances
$121,271Loans and leases held for sale
$926Unused loan commitments
$926Tier 1 (core) risk-based capital
$11,702Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$12,714Restructured Loans and leases
$4,001Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$5,592Total interest income
$1,420Total interest expense
$4,172Net interest income
$400Provision for loan and lease losses
$2,009Total noninterest income
$360Fiduciary activities
$275Service charges on deposit accounts
$0Trading account gains & fees
$1,374Additional noninterest income
$3,840Total noninterest expense
$2,310Salaries and employee benefits
$334Premises and equipment expense
$1,196Additional noninterest expense
$1,941Pre-tax net operating income
-$63Securities gains (losses)
$94Applicable income taxes
$1,784Income before extraordinary items
$0Extraordinary gains - net
$1,784Net income attributable to bank
$0Net charge-offs
$1,784Cash dividends
$388Sale, conversion, retirement of capital stock, net
$1,090Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.00%Yield on earning assets
1.27%Cost of funding earning assets
3.73%Net interest margin
1.80%Noninterest income to earning assets
3.43%Noninterest expense to earning assets
1.54%Net operating income to assets
1.49%Return on assets (ROA)
1.57%Pretax return on assets
14.52%Return on equity (ROE)
5.65%Retained earnings to average equity (YTD only)
0.46%Net charge-offs to loans
103.09%Credit loss provision to net charge-offs
6.03%Efficiency ratio
62,126Assets per employee
3.03%Cash dividends to net income (YTD only)
Condition Ratios (%)
61.10%Loss allowance to loans
1.33%Loss allowance to noncurrent loans
77.34%Noncurrent assets plus other real estate owned to assets
1.23%Noncurrent loans to loans
1.71%Net loans and leases to deposits
80.97%Net loans and leases to core deposits
84.16%Equity capital to assets
10.66%Core capital (leverage) ratio
9.65%Tier 1 risk-based capital ratio
12.46%Total risk-based capital ratio
Memoranda
$14Average assets
$119,920Average earning assets
$12,289Average equity
$111,797Average loans
Total Fiduciary and Related Assets (December 31, 2011)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
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