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
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Henry County Bank.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: