Grinnell Federal Savings Bank in Grinnell, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 31, 1998

  • Grinnell Federal Savings Bank in Grinnell, Iowa (IA)
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Grinnell Federal Savings Bank - Overview

  • General
  • FDIC Certificate #: 29375
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Vantus Bank (#27732)
    Federal Reserve ID: 243973
    Date Established: January 01, 1934
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 3356
    FDIC's unique #: 42209
    Numeric code: 37
    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: March 11, 1935
    Last Structure Change Effective Date: March 31, 1998
    Last Structure Change Process Date: April 30, 1998
    Last Data Update: April 30, 1998
    Data Source Date: April 05, 2012
  • Location
  • Address: 1025 Main Street, Grinnell, IA 50112
    County: Poweshiek
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Des Moines
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
  • Financial Summary
  • Total assets: $93.4 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
  • 16Total employees (full-time equivalent)
  • $93,376Total assets
  • $6,795Cash and due from depository institutions
  • $6,501Interest-bearing balances
  • $4,490Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $79,702Net loans & leases
  • $652Loan loss allowance
  • $0Trading account assets
  • $229Bank premises and fixed assets
  • $212Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $1,948All other assets
  • $93,376Total liabilities and capital
  • $83,850Total liabilities
  • $62,870Total deposits
  • $62,870Interest-bearing deposits
  • $62,870Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $20,628Other borrowed funds
  • $0Subordinated debt
  • $352All other liabilities
  • $9,526Total equity capital
  • $9,526Total bank equity capital
  • $9,526Perpetual preferred stock
  • $0Common stock
  • $5Surplus
  • $2,867Undivided profits
  • Memoranda
  • $6,654Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,258Earning assets
  • $0Long-term assets (5+ years)
  • $503Average Assets, year-to-date
  • $90,693Average Assets, quarterly
  • $0Volatile liabilities
  • $90,032Insider loans
  • $93,181FHLB advances
  • $32,494Loans and leases held for sale
  • $0Unused loan commitments
  • $20,432Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $1,818Total unused commitments
  • $0Restructured Loans and leases
  • $52,224Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $7,171Total interest income
  • $4,260Total interest expense
  • $2,911Net interest income
  • $96Provision for loan and lease losses
  • $372Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $372Additional noninterest income
  • $1,421Total noninterest expense
  • $933Salaries and employee benefits
  • $184Premises and equipment expense
  • $304Additional noninterest expense
  • $1,766Pre-tax net operating income
  • -$51Securities gains (losses)
  • $601Applicable income taxes
  • $1,114Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,114Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $42Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.20%Yield on earning assets
  • 4.87%Cost of funding earning assets
  • 3.33%Net interest margin
  • 0.43%Noninterest income to earning assets
  • 1.62%Noninterest expense to earning assets
  • 1.27%Net operating income to assets
  • 1.24%Return on assets (ROA)
  • 1.90%Pretax return on assets
  • 12.59%Return on equity (ROE)
  • 12.59%Retained earnings to average equity (YTD only)
  • 0.05%Net charge-offs to loans
  • 228.57%Credit loss provision to net charge-offs
  • 44.33%Efficiency ratio
  • 43,284Assets per employee
  • 5.84%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.81%Loss allowance to noncurrent loans
  • 51.83%Noncurrent assets plus other real estate owned to assets
  • 1.57%Noncurrent loans to loans
  • 1.57%Net loans and leases to deposits
  • 126.77%Net loans and leases to core deposits
  • 156.27%Equity capital to assets
  • 10.20%Core capital (leverage) ratio
  • 10.20%Tier 1 risk-based capital ratio
  • 18.24%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $90,032Average earning assets
  • $8,849Average equity
  • $87,492Average loans

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