FDIC Certificate #: 13997 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Union Bank, National Association (#34485) Federal Reserve ID: 670645 Date Established: January 01, 1934 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 2 (Interstate: No) OTS Docket #: 12303 FDIC's unique #: 8753 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: No Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: December 24, 2002 Last Structure Change Process Date: January 24, 2003 Last Data Update: January 24, 2003 Data Source Date: April 05, 2012
Location
Address: 620 Davis Avenue, Corning, IA 50841 County: Adams Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: San Francisco FDIC Field Office: Des Moines Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: Western
Financial Summary
Total assets: $25.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2001)
Dollar figures in thousands
15Total employees (full-time equivalent)
$27,330Total assets
$2,658Cash and due from depository institutions
$1,407Interest-bearing balances
$1,282Securities
$3,200Federal funds sold & reverse repurchase agreements
$19,090Net loans & leases
$168Loan loss allowance
$0Trading account assets
$271Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$829All other assets
$27,330Total liabilities and capital
$24,659Total liabilities
$23,490Total deposits
$20,247Interest-bearing deposits
$23,490Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$1,000Other borrowed funds
$0Subordinated debt
$169All other liabilities
$2,671Total equity capital
$2,671Total bank equity capital
$2,671Perpetual preferred stock
$0Common stock
$400Surplus
$1,105Undivided profits
Memoranda
$1,166Noncurrent loans and leases
$2,509Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$315Average Assets, year-to-date
$24,979Average Assets, quarterly
$761Volatile liabilities
$26,901Insider loans
$26,948FHLB advances
$1,645Loans and leases held for sale
$425Unused loan commitments
$1,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$2,509Total unused commitments
$0Restructured Loans and leases
$168Derivatives
Income and Expense (December 31, 2001)
Dollar figures in thousands
$1,823Total interest income
$675Total interest expense
$1,148Net interest income
$48Provision for loan and lease losses
$133Total noninterest income
$0Fiduciary activities
$89Service charges on deposit accounts
$0Trading account gains & fees
$44Additional noninterest income
$1,045Total noninterest expense
$421Salaries and employee benefits
$148Premises and equipment expense
$476Additional noninterest expense
$188Pre-tax net operating income
$3Securities gains (losses)
$9Applicable income taxes
$182Income before extraordinary items
$0Extraordinary gains - net
$182Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$3Sale, conversion, retirement of capital stock, net
$90Net operating income
Performance and Condition Ratios (December 31, 2001)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.38%Yield on earning assets
2.73%Cost of funding earning assets
4.65%Net interest margin
0.54%Noninterest income to earning assets
4.23%Noninterest expense to earning assets
0.67%Net operating income to assets
0.68%Return on assets (ROA)
0.71%Pretax return on assets
6.89%Return on equity (ROE)
3.48%Retained earnings to average equity (YTD only)
-0.02%Net charge-offs to loans
-1600.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
81,577Assets per employee
1.82%Cash dividends to net income (YTD only)
Condition Ratios (%)
49.45%Loss allowance to loans
0.87%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
81.27%Net loans and leases to core deposits
87.39%Equity capital to assets
9.77%Core capital (leverage) ratio
9.72%Tier 1 risk-based capital ratio
13.03%Total risk-based capital ratio
Memoranda
$14Average assets
$26,901Average earning assets
$2,640Average equity
$24,686Average loans
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