Henry County Bank in New London, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 19, 2007

  • Henry County Bank in New London, Iowa (IA)
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Henry County Bank - Overview

  • General
  • FDIC Certificate #: 35373
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Two Rivers Bank & Trust (#11760)
    Federal Reserve ID: 2848055
    Date Established: December 01, 1999
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Interstate: No)
    FDIC's unique #: 78841
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: December 01, 1999
    Last Structure Change Effective Date: October 19, 2007
    Last Structure Change Process Date: October 26, 2007
    Last Data Update: October 26, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 503 West Main Street, New London, IA 52645
    County: Henry
    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: $57.2 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, 2006)

  • Dollar figures in thousands
  • 15Total employees (full-time equivalent)
  • $55,734Total assets
  • $1,921Cash and due from depository institutions
  • $0Interest-bearing balances
  • $15,210Securities
  • $200Federal funds sold & reverse repurchase agreements
  • $32,277Net loans & leases
  • $424Loan loss allowance
  • $0Trading account assets
  • $1,083Bank premises and fixed assets
  • $0Other real estate owned
  • $3,617Goodwill and other intangibles
  • $817Life insurance assets
  • $1,426All other assets
  • $55,734Total liabilities and capital
  • $47,955Total liabilities
  • $47,179Total deposits
  • $41,054Interest-bearing deposits
  • $47,179Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $776All other liabilities
  • $7,779Total equity capital
  • $7,779Total bank equity capital
  • $7,779Perpetual preferred stock
  • $0Common stock
  • $467Surplus
  • $6,538Undivided profits
  • Memoranda
  • $774Noncurrent loans and leases
  • $10,468Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $44Earning assets
  • $0Long-term assets (5+ years)
  • $404Average Assets, year-to-date
  • $47,687Average Assets, quarterly
  • $4,215Volatile liabilities
  • $57,341Insider loans
  • $56,157FHLB advances
  • $7,975Loans and leases held for sale
  • $2,471Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $42Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $10,468Total unused commitments
  • $0Restructured Loans and leases
  • $424Derivatives

Income and Expense (December 31, 2006)

  • Dollar figures in thousands
  • $2,887Total interest income
  • $1,110Total interest expense
  • $1,777Net interest income
  • $6Provision for loan and lease losses
  • $280Total noninterest income
  • $0Fiduciary activities
  • $136Service charges on deposit accounts
  • $0Trading account gains & fees
  • $144Additional noninterest income
  • $1,512Total noninterest expense
  • $788Salaries and employee benefits
  • $195Premises and equipment expense
  • $529Additional noninterest expense
  • $539Pre-tax net operating income
  • $0Securities gains (losses)
  • $178Applicable income taxes
  • $361Income before extraordinary items
  • $0Extraordinary gains - net
  • $361Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • -$11Sale, conversion, retirement of capital stock, net
  • $180Net operating income

Performance and Condition Ratios (December 31, 2006)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.92%Yield on earning assets
  • 2.28%Cost of funding earning assets
  • 3.65%Net interest margin
  • 0.57%Noninterest income to earning assets
  • 3.10%Noninterest expense to earning assets
  • 0.63%Net operating income to assets
  • 0.63%Return on assets (ROA)
  • 0.94%Pretax return on assets
  • 4.75%Return on equity (ROE)
  • 2.38%Retained earnings to average equity (YTD only)
  • -0.03%Net charge-offs to loans
  • -54.55%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 73,505Assets per employee
  • 3.72%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 49.86%Loss allowance to loans
  • 1.30%Loss allowance to noncurrent loans
  • 963.64%Noncurrent assets plus other real estate owned to assets
  • 0.08%Noncurrent loans to loans
  • 0.13%Net loans and leases to deposits
  • 68.41%Net loans and leases to core deposits
  • 82.33%Equity capital to assets
  • 13.96%Core capital (leverage) ratio
  • 7.93%Tier 1 risk-based capital ratio
  • 9.96%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $57,341Average earning assets
  • $7,606Average equity
  • $48,726Average loans

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