FDIC Certificate #: 4509 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Liberty Bank, F.S.B. (#20594) Federal Reserve ID: 361541 Date Established: January 01, 1877 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Interstate: No) OTS Docket #: 15486 FDIC's unique #: 2981 Numeric code: 21 Regulator: FDIC 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: January 01, 1934 Last Structure Change Effective Date: December 03, 2007 Last Structure Change Process Date: December 13, 2007 Last Data Update: December 13, 2007 Data Source Date: April 05, 2012
Location
Address: Main Street, Spirit Lake, IA 51360 County: Dickinson 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 Core Based Statistical Area (CBSA): Spirit Lake, IA (#44020) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $75.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2006)
Dollar figures in thousands
20Total employees (full-time equivalent)
$68,119Total assets
$2,101Cash and due from depository institutions
$48Interest-bearing balances
$217Securities
$7,279Federal funds sold & reverse repurchase agreements
$55,866Net loans & leases
$612Loan loss allowance
$0Trading account assets
$1,939Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$717All other assets
$68,119Total liabilities and capital
$61,617Total liabilities
$61,367Total deposits
$52,052Interest-bearing deposits
$61,367Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$250All other liabilities
$6,502Total equity capital
$6,502Total bank equity capital
$6,502Perpetual preferred stock
$0Common stock
$200Surplus
$2,500Undivided profits
Memoranda
$3,802Noncurrent loans and leases
$9,578Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$171Earning assets
$0Long-term assets (5+ years)
$479Average Assets, year-to-date
$63,410Average Assets, quarterly
$4,315Volatile liabilities
$69,071Insider loans
$70,499FHLB advances
$7,867Loans and leases held for sale
$505Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$198Total risk weighted assets
$9,578Total unused commitments
$0Restructured Loans and leases
$612Derivatives
Income and Expense (December 31, 2006)
Dollar figures in thousands
$3,969Total interest income
$1,488Total interest expense
$2,481Net interest income
$0Provision for loan and lease losses
$315Total noninterest income
$0Fiduciary activities
$145Service charges on deposit accounts
$0Trading account gains & fees
$170Additional noninterest income
$2,117Total noninterest expense
$1,211Salaries and employee benefits
$444Premises and equipment expense
$462Additional noninterest expense
$679Pre-tax net operating income
$0Securities gains (losses)
$34Applicable income taxes
$645Income before extraordinary items
$0Extraordinary gains - net
$645Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$0Sale, conversion, retirement of capital stock, net
$500Net operating income
Performance and Condition Ratios (December 31, 2006)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.26%Yield on earning assets
2.35%Cost of funding earning assets
3.91%Net interest margin
0.50%Noninterest income to earning assets
3.34%Noninterest expense to earning assets
0.93%Net operating income to assets
0.93%Return on assets (ROA)
0.98%Pretax return on assets
10.18%Return on equity (ROE)
2.29%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
75,715Assets per employee
3.41%Cash dividends to net income (YTD only)
Condition Ratios (%)
77.52%Loss allowance to loans
1.08%Loss allowance to noncurrent loans
357.89%Noncurrent assets plus other real estate owned to assets
0.25%Noncurrent loans to loans
0.30%Net loans and leases to deposits
91.04%Net loans and leases to core deposits
104.42%Equity capital to assets
9.55%Core capital (leverage) ratio
9.28%Tier 1 risk-based capital ratio
12.23%Total risk-based capital ratio
Memoranda
$13Average assets
$69,071Average earning assets
$6,334Average equity
$63,393Average loans
Total Fiduciary and Related Assets (December 31, 2006)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with First Bank and Trust.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: