FDIC Certificate #: 32609 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:TierOne Bank (#29341) Federal Reserve ID: 1219715 Date Established: August 05, 1988 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 8524 FDIC's unique #: 45443 Numeric code: 33 Regulator: OTS Insurance Fund Membership: Savings Association Insurance Fund (SAIF) FDIC Insured: Yes SAIF Insured: Yes Insured Savings Institution: Yes State Chartered: No Date of Deposit Insurance: August 05, 1988 Last Structure Change Effective Date: December 18, 1998 Last Structure Change Process Date: Febuary 18, 1999 Last Data Update: Febuary 18, 1999 Data Source Date: April 05, 2012
Location
Address: 29 S Main St, Council Bluffs, IA 51501 County: Pottawattamie Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Omaha Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: Western Metropolitan Statistical Area (MSA): Omaha, NE-IA (#5920) Combined Statistical Area (CSA): Omaha-Council Bluffs-Fremont, NE-IA (#420) Core Based Statistical Area (CBSA): Omaha-Council Bluffs, NE-IA (#36540) CBSA Metro Statistical Area: Omaha-Council Bluffs, NE-IA (#36540)
Financial Summary
Total assets: $164.7 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
26Total employees (full-time equivalent)
$158,097Total assets
$31,537Cash and due from depository institutions
$31,029Interest-bearing balances
$41,685Securities
$0Federal funds sold & reverse repurchase agreements
$80,436Net loans & leases
$298Loan loss allowance
$0Trading account assets
$1,204Bank premises and fixed assets
$0Other real estate owned
$326Goodwill and other intangibles
$0Life insurance assets
$2,909All other assets
$158,097Total liabilities and capital
$128,664Total liabilities
$126,763Total deposits
$125,630Interest-bearing deposits
$126,763Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$1,901All other liabilities
$29,433Total equity capital
$29,433Total bank equity capital
$29,433Perpetual preferred stock
$0Common stock
$0Surplus
$26,500Undivided profits
Memoranda
$2,933Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$29Earning assets
$0Long-term assets (5+ years)
$455Average Assets, year-to-date
$153,150Average Assets, quarterly
$0Volatile liabilities
$150,536Insider loans
$155,492FHLB advances
$7,182Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,386Total unused commitments
$0Restructured Loans and leases
$65,452Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$10,280Total interest income
$6,253Total interest expense
$4,027Net interest income
$140Provision for loan and lease losses
$266Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$266Additional noninterest income
$1,983Total noninterest expense
$628Salaries and employee benefits
$346Premises and equipment expense
$1,009Additional noninterest expense
$2,170Pre-tax net operating income
$0Securities gains (losses)
$812Applicable income taxes
$1,358Income before extraordinary items
$0Extraordinary gains - net
$1,358Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$2Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.04%Yield on earning assets
4.28%Cost of funding earning assets
2.76%Net interest margin
0.18%Noninterest income to earning assets
1.36%Noninterest expense to earning assets
0.90%Net operating income to assets
0.90%Return on assets (ROA)
1.44%Pretax return on assets
4.68%Return on equity (ROE)
4.68%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
7000.00%Credit loss provision to net charge-offs
1155.00%Efficiency ratio
43,117Assets per employee
6.08%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.37%Loss allowance to noncurrent loans
1027.59%Noncurrent assets plus other real estate owned to assets
0.02%Noncurrent loans to loans
0.04%Net loans and leases to deposits
63.45%Net loans and leases to core deposits
67.26%Equity capital to assets
18.62%Core capital (leverage) ratio
18.51%Tier 1 risk-based capital ratio
44.66%Total risk-based capital ratio
Memoranda
$45Average assets
$150,536Average earning assets
$28,996Average equity
$146,117Average loans
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