Guaranty Bank and Trust Company in Cedar Rapids, Iowa (IA)

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Guaranty Bank and Trust Company
GeneralFDIC Certificate #: 14704
Status: Active
Federal Reserve ID: 184245
Bank Holding Company (Regulatory Top Holder): Guaranty Bankshares, Ltd. (RSSDID: 1209444, Location: Cedar Rapids, IA)
Date Established: May 05, 1934
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 7 (Domestic: 7, Interstate: No)
OTS Docket #: 12846
FDIC's unique #: 9198
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: Yes
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: August 27, 1934
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
LocationAddress: 302 Third Avenue, S.E., Cedar Rapids, IA 52406
County: Linn
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Cedar Rapids
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: Western
Metropolitan Statistical Area (MSA): Cedar Rapids, IA (#1360)
Core Based Statistical Area (CBSA): Cedar Rapids, IA (#16300)
CBSA Metro Statistical Area: Cedar Rapids, IA (#16300)
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $237.9 mil
Equity capital: $20.7 mil
Deposits held in domestic offices: $189.5 mil
Return on assets (ROA): 0.25% ($0.6 mil)
Quarterly return on assets: -0.10% (-$0.2 mil)
Return on Equity (ROE): 3.10% ($0.7 mil)
Quarterly return on equity: -1.14% (-$0.2 mil)
Net income: $0.6 mil
Quarterly Net income: -$0.1 mil
Pretax return on assets: 0.26% ($618.5 mil)
Quarterly Pretax return on assets: -0.10% (-$237.9 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, 2011)
(Dollar figures in thousands)
Total employees (full-time equivalent)67
Total assets$237,879
Cash and due from depository institutions$6,588
Interest-bearing balances$3,450
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$132,072
Loan loss allowance $1,127
Trading account assets$0
Bank premises and fixed assets$2,787
Other real estate owned$1,083
Goodwill and other intangibles$0
All other assets$6,790
Life insurance assets$237,879
Total liabilities and capital$217,137
Total liabilities$189,451
Total deposits$154,575
Interest-bearing deposits$189,451
Deposits held in domestic offices$91
% insured (estimated)11458.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$16,000
Other borrowed funds $0
Subordinated debt $228
All other liabilities $20,742
Total equity capital$20,742
Total bank equity capital$20,742
Perpetual preferred stock$0
Common stock$500
Undivided profits $12,242
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $353
Income earned, not collected on loans $802
Earning assets $0
Long-term assets (5+ years) $1,044
Average Assets, year-to-date $224,081
Average Assets, quarterly $90,369
Volatile liabilities $241,800
Insider loans $239,775
FHLB advances $161,008
Loans and leases held for sale $238,163
Unused loan commitments $3,013
Tier 1 (core) risk-based capital $3,013
Tier 2 risk-based capital $22,309
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $26,967
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $9,934
Total interest expense $1,807
Net interest income $8,127
Provision for loan and lease losses $1,140
Total noninterest income $2,469
Fiduciary activities $762
Service charges on deposit accounts $693
Trading account gains & fees $0
Additional noninterest income $1,014
Total noninterest expense $8,902
Salaries and employee benefits $4,660
Premises and equipment expense $1,728
Additional noninterest expense $2,514
Pre-tax net operating income $554
Securities gains (losses) $73
Applicable income taxes $13
Income before extraordinary items $614
Extraordinary gains - net $0
Net income attributable to bank $614
Net charge-offs $0
Cash dividends $614
Sale, conversion, retirement of capital stock, net $1,246
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 assets4.38%
Cost of funding earning assets 0.80%
Net interest margin 3.58%
Noninterest income to earning assets 1.09%
Noninterest expense to earning assets 3.92%
Net operating income to assets 0.22%
Return on assets (ROA) 0.25%
Pretax return on assets 0.26%
Return on equity (ROE) 3.10%
Retained earnings to average equity (YTD only) 3.10%
Net charge-offs to loans 0.98%
Credit loss provision to net charge-offs 91.49%
Efficiency ratio1.36%
Assets per employee$84,013
Cash dividends to net income (YTD only)3.55%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 0.85%
Noncurrent assets plus other real estate owned to assets 140.52%
Noncurrent loans to loans 1.13%
Net loans and leases to deposits0.60%
Net loans and leases to core deposits 69.71%
Equity capital to assets 70.80%
Core capital (leverage) ratio 8.72%
Tier 1 risk-based capital ratio 9.37%
Total risk-based capital ratio 13.86%
Average assets$15
Average earning assets$241,800
Average equity $19,788
Average loans $226,853
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Total Fiduciary and Related Assets (December 31, 2011)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$114,411
Number of Accounts1
Personal trust and agency accounts$71,496
Employee benefit-defined contribution accounts$52,048
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$757
Investment management agency accounts$0
Other fiduciary accounts$14,640
Fiduciary accounts held in foreign offices$0
Non-managed Assets$4,051
Number of Accounts277
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$42,915
Corporate trust and agency accounts$2,216
Other fiduciary accounts$15,412
Fiduciary accounts held in foreign offices$18,795
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7 Iowa Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
09198Guaranty Bank And Trust Company302 Third Avenue, S.E., Cedar Rapids, IA 52406May 05, 1934Full Service Brick and Mortar
223195842nd Street Branch1819 42nd Street, N.E., Cedar Rapids, IA 52402October 15, 1969Full Service Brick and Mortar
3231959Cedar Hills Branch191 Jacolyn Drive, N.W., Cedar Rapids, IA 52405March 02, 1970Full Service Brick and Mortar
4231960Marion Branch700 25th Street, Marion, IA 52302June 15, 1985Full Service Brick and Mortar
6231962Wal*mart East Branch2645 Blairs Ferry Road, Ne, Cedar Rapids, IA 52401September 14, 1999Full Service Retail
8458049Fairfax Office300 80th Street Court, Fairfax, IA 52228January 16, 2007Full Service Brick and Mortar
9460065Bever Avenue Office2701 Bever Avenue, Cedar Rapids, IA 52403Febuary 26, 2007Full Service Brick and Mortar
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