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

This bank is inactive as of October 27, 2001

Hills Bank Kalona in Kalona, Iowa (IA)
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Hills Bank Kalona - Overview

General
FDIC Certificate #: 34361
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Hills Bank and Trust Company (#14650)
Federal Reserve ID: 2450627
Date Established: September 19, 1996
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 57120
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: September 19, 1996
Last Structure Change Effective Date: October 27, 2001
Last Structure Change Process Date: November 07, 2001
Last Data Update: November 07, 2001
Data Source Date: April 05, 2012
Location
Address: 120 Fifth Street, Kalona, IA 52247
County: Washington
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
Core Based Statistical Area (CBSA): Iowa City, IA (#26980)
CBSA Metro Statistical Area: Iowa City, IA (#26980)
Financial Summary
Total assets: $60.6 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, 2000)

Dollar figures in thousands
11Total employees (full-time equivalent)
$56,690Total assets
$1,439Cash and due from depository institutions
$0Interest-bearing balances
$6,633Securities
$16,695Federal funds sold & reverse repurchase agreements
$28,673Net loans & leases
$277Loan loss allowance
$0Trading account assets
$988Bank premises and fixed assets
$0Other real estate owned
$1,800Goodwill and other intangibles
$0Life insurance assets
$462All other assets
$56,690Total liabilities and capital
$50,431Total liabilities
$49,474Total deposits
$45,822Interest-bearing deposits
$49,474Deposits held in domestic offices
0.00%% insured (estimated)
$646Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$311All other liabilities
$6,259Total equity capital
$6,259Total bank equity capital
$6,259Perpetual preferred stock
$0Common stock
$1,100Surplus
$3,930Undivided profits
Memoranda
$1,229Noncurrent loans and leases
$2,078Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$60Earning assets
$0Long-term assets (5+ years)
$245Average Assets, year-to-date
$52,001Average Assets, quarterly
$1,883Volatile liabilities
$50,354Insider loans
$54,598FHLB advances
$4,800Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$2,078Total unused commitments
$0Restructured Loans and leases
$277Derivatives

Income and Expense (December 31, 2000)

Dollar figures in thousands
$3,404Total interest income
$1,980Total interest expense
$1,424Net interest income
$60Provision for loan and lease losses
$194Total noninterest income
$0Fiduciary activities
$137Service charges on deposit accounts
$0Trading account gains & fees
$57Additional noninterest income
$901Total noninterest expense
$348Salaries and employee benefits
$158Premises and equipment expense
$395Additional noninterest expense
$657Pre-tax net operating income
$0Securities gains (losses)
$254Applicable income taxes
$403Income before extraordinary items
$0Extraordinary gains - net
$403Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$66Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2000)

Dollar figures in thousands
Performance Ratios (%, annualized)
7.43%Yield on earning assets
4.32%Cost of funding earning assets
3.11%Net interest margin
0.42%Noninterest income to earning assets
1.97%Noninterest expense to earning assets
0.80%Net operating income to assets
0.80%Return on assets (ROA)
1.30%Pretax return on assets
6.73%Return on equity (ROE)
6.73%Retained earnings to average equity (YTD only)
0.26%Net charge-offs to loans
90.91%Credit loss provision to net charge-offs
10.86%Efficiency ratio
45,241Assets per employee
5.15%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.96%Loss allowance to noncurrent loans
461.67%Noncurrent assets plus other real estate owned to assets
0.11%Noncurrent loans to loans
0.21%Net loans and leases to deposits
57.96%Net loans and leases to core deposits
63.27%Equity capital to assets
11.04%Core capital (leverage) ratio
8.27%Tier 1 risk-based capital ratio
14.42%Total risk-based capital ratio
Memoranda
$15Average assets
$50,354Average earning assets
$5,985Average equity
$45,795Average loans

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