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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