Hawkeye Bank of Tipton in Tipton, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 16, 1996

Hawkeye Bank of Tipton in Tipton, Iowa (IA)
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Hawkeye Bank of Tipton - Overview

General
FDIC Certificate #: 5805
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Mercantile Bank of Cedar Rapids, Iowa (#10112)
Federal Reserve ID: 613147
Date Established: Febuary 19, 1933
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Interstate: No)
OTS Docket #: 10833
FDIC's unique #: 3966
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: March 16, 1996
Last Structure Change Process Date: April 04, 1996
Last Data Update: April 04, 1996
Data Source Date: April 05, 2012
Location
Address: 101 East Fifth Street, Tipton, IA 52772
County: Cedar
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
Financial Summary
Total assets: $50.5 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

Dollar figures in thousands
0Total employees (full-time equivalent)
$16Total assets
$50,495Cash and due from depository institutions
$1,530Interest-bearing balances
$0Securities
$19,532Federal funds sold & reverse repurchase agreements
$2,550Net loans & leases
$25,521Loan loss allowance
$379Trading account assets
$0Bank premises and fixed assets
$700Other real estate owned
$0Goodwill and other intangibles
$662Life insurance assets
$0All other assets
$0Total liabilities and capital
$50,495Total liabilities
$45,909Total deposits
$45,223Interest-bearing deposits
$42,827Deposits held in domestic offices
45223.00%% insured (estimated)
$81Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$47Subordinated debt
$0All other liabilities
$639Total equity capital
$639Total bank equity capital
$4,586Perpetual preferred stock
$0Common stock
$600Surplus
$1,900Undivided profits
Memoranda
$2,086Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$58Income earned, not collected on loans
$333Earning assets
$47,603Long-term assets (5+ years)
$6,415Average Assets, year-to-date
$50,398Average Assets, quarterly
$50,617Volatile liabilities
$2,978Insider loans
$1,079FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$17,182Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$4,465Total risk weighted assets
$31,422Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1995)

Dollar figures in thousands
$0Total interest income
$3,558Total interest expense
$1,752Net interest income
$1,806Provision for loan and lease losses
-$175Total noninterest income
$239Fiduciary activities
$0Service charges on deposit accounts
$160Trading account gains & fees
$0Additional noninterest income
$79Total noninterest expense
$1,336Salaries and employee benefits
$560Premises and equipment expense
$171Additional noninterest expense
$605Pre-tax net operating income
$884Securities gains (losses)
$4Applicable income taxes
$250Income before extraordinary items
$638Extraordinary gains - net
$0Net income attributable to bank
$638Net charge-offs
$0Cash dividends
$1,301Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1995)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.59%Cost of funding earning assets
3.74%Net interest margin
3.85%Noninterest income to earning assets
0.51%Noninterest expense to earning assets
2.85%Net operating income to assets
1.26%Return on assets (ROA)
1.27%Pretax return on assets
1.76%Return on equity (ROE)
13.24%Retained earnings to average equity (YTD only)
-13.76%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
65,330Assets per employee
3.16%Cash dividends to net income (YTD only)
Condition Ratios (%)
203.92%Loss allowance to loans
1.46%Loss allowance to noncurrent loans
653.45%Noncurrent assets plus other real estate owned to assets
0.11%Noncurrent loans to loans
0.22%Net loans and leases to deposits
56.43%Net loans and leases to core deposits
60.34%Equity capital to assets
9.08%Core capital (leverage) ratio
8.80%Tier 1 risk-based capital ratio
14.21%Total risk-based capital ratio
Memoranda
$15Average assets
$50,398Average earning assets
$4,819Average equity
$46,904Average loans

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