Hills Bank in Cedar Rapids, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 17, 2000

Hills Bank in Cedar Rapids, Iowa (IA)
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Hills Bank - Overview

General
FDIC Certificate #: 10119
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Hills Bank and Trust Company (#14650)
Federal Reserve ID: 672742
Date Established: January 01, 1874
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Interstate: No)
OTS Docket #: 13153
FDIC's unique #: 6472
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: November 17, 2000
Last Structure Change Process Date: December 26, 2000
Last Data Update: December 26, 2000
Data Source Date: April 05, 2012
Location
Address: 240 Third Avenue, S.E., Cedar Rapids, IA 52401
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)
Financial Summary
Total assets: $62.8 mil

1992 - 1999 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, 1999)

Dollar figures in thousands
17Total employees (full-time equivalent)
$42,641Total assets
$1,691Cash and due from depository institutions
$0Interest-bearing balances
$5,341Securities
$2,195Federal funds sold & reverse repurchase agreements
$30,169Net loans & leases
$320Loan loss allowance
$0Trading account assets
$1,801Bank premises and fixed assets
$0Other real estate owned
$1,053Goodwill and other intangibles
$0Life insurance assets
$391All other assets
$42,641Total liabilities and capital
$37,689Total liabilities
$36,978Total deposits
$33,880Interest-bearing deposits
$36,978Deposits held in domestic offices
0.00%% insured (estimated)
$396Federal funds purchased & repurchase agreements
$0Trading liabilities
$100Other borrowed funds
$0Subordinated debt
$215All other liabilities
$4,952Total equity capital
$4,952Total bank equity capital
$4,952Perpetual preferred stock
$0Common stock
$225Surplus
$4,567Undivided profits
Memoranda
$160Noncurrent loans and leases
$3,719Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$6Earning assets
$0Long-term assets (5+ years)
$222Average Assets, year-to-date
$37,705Average Assets, quarterly
$2,123Volatile liabilities
$38,440Insider loans
$40,457FHLB advances
$2,473Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,719Total unused commitments
$0Restructured Loans and leases
$320Derivatives

Income and Expense (December 31, 1999)

Dollar figures in thousands
$2,568Total interest income
$1,353Total interest expense
$1,215Net interest income
$48Provision for loan and lease losses
$249Total noninterest income
$0Fiduciary activities
$174Service charges on deposit accounts
$0Trading account gains & fees
$75Additional noninterest income
$1,113Total noninterest expense
$493Salaries and employee benefits
$236Premises and equipment expense
$384Additional noninterest expense
$303Pre-tax net operating income
$0Securities gains (losses)
$138Applicable income taxes
$165Income before extraordinary items
$0Extraordinary gains - net
$165Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$14Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1999)

Dollar figures in thousands
Performance Ratios (%, annualized)
7.58%Yield on earning assets
3.99%Cost of funding earning assets
3.59%Net interest margin
0.74%Noninterest income to earning assets
3.29%Noninterest expense to earning assets
0.43%Net operating income to assets
0.43%Return on assets (ROA)
0.79%Pretax return on assets
3.37%Return on equity (ROE)
3.37%Retained earnings to average equity (YTD only)
0.05%Net charge-offs to loans
342.86%Credit loss provision to net charge-offs
25.07%Efficiency ratio
69,740Assets per employee
2.51%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.05%Loss allowance to noncurrent loans
5333.33%Noncurrent assets plus other real estate owned to assets
0.01%Noncurrent loans to loans
0.02%Net loans and leases to deposits
81.59%Net loans and leases to core deposits
86.44%Equity capital to assets
11.61%Core capital (leverage) ratio
9.97%Tier 1 risk-based capital ratio
14.37%Total risk-based capital ratio
Memoranda
$16Average assets
$38,440Average earning assets
$4,899Average equity
$33,869Average loans

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