FortuneBank in Arnold, Missouri (MO)



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FortuneBank
GeneralFDIC Certificate #: 58107
Status: Active
Federal Reserve ID: 3384372
Bank Holding Company (Regulatory Top Holder): Fortune Financial Corporation (RSSDID: 3384363, Location: Arnold, MO)
Date Established: December 01, 2005
WWW: http://www.fortunefincorp.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Domestic: 1, Interstate: No)
FDIC's unique #: 439886
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: December 01, 2005
Last Structure Change Effective Date: November 13, 2007
Last Structure Change Process Date: March 18, 2008
Last Data Update: March 18, 2008
Data Source Date: April 05, 2012
LocationAddress: 3494 Jeffco Boulevard, Arnold, MO 63010
County: Jefferson
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: St. Louis
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: West
Metropolitan Statistical Area (MSA): St. Louis, MO-IL (#7040)
Combined Statistical Area (CSA): St. Louis-St. Charles-Farmington, MO-IL (#476)
Core Based Statistical Area (CBSA): St. Louis, MO-IL (#41180)
CBSA Metro Statistical Area: St. Louis, MO-IL (#41180)
History of ChangesChange in Location
Financial SummaryTotal assets: $151.3 mil
Equity capital: $14.3 mil
Deposits held in domestic offices: $123.6 mil
Return on assets (ROA): 0.05% ($0.1 mil)
Quarterly return on assets: -0.81% (-$1.2 mil)
Return on Equity (ROE): 0.49% ($0.1 mil)
Quarterly return on equity: -8.48% (-$1.2 mil)
Net income: $0.1 mil
Quarterly Net income: -$0.3 mil
Pretax return on assets: 0.07% ($105.9 mil)
Quarterly Pretax return on assets: -1.28% (-$1,936.3 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)
Total employees (full-time equivalent)40
Total assets$151,273
Cash and due from depository institutions$6,589
Interest-bearing balances$255
Securities$22,236
Federal funds sold & reverse repurchase agreements$2,010
Net loans & leases$111,115
Loan loss allowance $1,754
Trading account assets$0
Bank premises and fixed assets$5,272
Other real estate owned$899
Goodwill and other intangibles$771
All other assets$2,381
Life insurance assets$151,273
Total liabilities and capital$136,967
Total liabilities$123,608
Total deposits$109,643
Interest-bearing deposits$123,608
Deposits held in domestic offices$89
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$13,000
Other borrowed funds $0
Subordinated debt $359
All other liabilities $14,306
Total equity capital$14,306
Total bank equity capital$14,306
Perpetual preferred stock$0
Common stock$5,375
Surplus$8,034
Undivided profits $897
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $1,846
Income earned, not collected on loans $5,913
Earning assets $126
Long-term assets (5+ years) $525
Average Assets, year-to-date $135,616
Average Assets, quarterly $15,826
Volatile liabilities $149,435
Insider loans $152,111
FHLB advances $111,608
Loans and leases held for sale $153,144
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $13,482
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $5,810
Derivatives$2,330
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $6,765
Total interest expense $2,353
Net interest income $4,412
Provision for loan and lease losses $1,005
Total noninterest income $1,549
Fiduciary activities $0
Service charges on deposit accounts $69
Trading account gains & fees $0
Additional noninterest income $1,480
Total noninterest expense $4,906
Salaries and employee benefits $2,303
Premises and equipment expense $595
Additional noninterest expense $2,008
Pre-tax net operating income $50
Securities gains (losses) $61
Applicable income taxes $41
Income before extraordinary items $70
Extraordinary gains - net $0
Net income attributable to bank $70
Net charge-offs $0
Cash dividends $70
Sale, conversion, retirement of capital stock, net $833
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.01%
Cost of funding earning assets 1.74%
Net interest margin 3.27%
Noninterest income to earning assets 1.15%
Noninterest expense to earning assets 3.64%
Net operating income to assets 0.02%
Return on assets (ROA) 0.05%
Pretax return on assets 0.07%
Return on equity (ROE) 0.49%
Retained earnings to average equity (YTD only) 0.49%
Net charge-offs to loans 0.78%
Credit loss provision to net charge-offs 120.65%
Efficiency ratio1.27%
Assets per employee$81,748
Cash dividends to net income (YTD only)3.78%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.55%
Noncurrent assets plus other real estate owned to assets 29.66%
Noncurrent loans to loans 4.50%
Net loans and leases to deposits5.24%
Net loans and leases to core deposits 89.89%
Equity capital to assets 98.85%
Core capital (leverage) ratio 9.46%
Tier 1 risk-based capital ratio 8.80%
Total risk-based capital ratio 12.08%
Memoranda
Average assets$13
Average earning assets$149,435
Average equity $14,329
Average loans $134,957
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1 Missouri Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
0439886Fortunebank3494 Jeffco Boulevard, Arnold, MO 63010December 01, 2005Full Service Brick and Mortar
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