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)
  • Show street view No street view available for this location

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

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.
Table of Contents