FDIC Certificate #: 34845 Status: Inactive Federal Reserve ID: 2723787 Date Established: October 01, 1998 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 61801 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: October 01, 1998 Last Structure Change Effective Date: July 23, 2001 Last Structure Change Process Date: January 10, 2002 Last Data Update: January 10, 2002 Data Source Date: April 05, 2012
Location
Address: 201 South Frederick Avenue, Oelwein, IA 50662 County: Fayette 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
History of Changes
Other Liquidations and Closings
Change in Insurance Status
Financial Summary
Total assets: $16.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
6Total employees (full-time equivalent)
$19,583Total assets
$661Cash and due from depository institutions
$0Interest-bearing balances
$138Securities
$4,275Federal funds sold & reverse repurchase agreements
$13,408Net loans & leases
$157Loan loss allowance
$0Trading account assets
$942Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$159All other assets
$19,583Total liabilities and capital
$16,747Total liabilities
$16,088Total deposits
$15,123Interest-bearing deposits
$16,088Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$500Other borrowed funds
$0Subordinated debt
$159All other liabilities
$2,836Total equity capital
$2,836Total bank equity capital
$2,836Perpetual preferred stock
$0Common stock
$200Surplus
$2,800Undivided profits
Memoranda
$-164Noncurrent loans and leases
$1,140Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$203Earning assets
$0Long-term assets (5+ years)
$149Average Assets, year-to-date
$17,821Average Assets, quarterly
$2,243Volatile liabilities
$15,621Insider loans
$17,977FHLB advances
$4,092Loans and leases held for sale
$145Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,140Total unused commitments
$0Restructured Loans and leases
$157Derivatives
Income and Expense (December 31, 2000)
Dollar figures in thousands
$1,157Total interest income
$633Total interest expense
$524Net interest income
$96Provision for loan and lease losses
$69Total noninterest income
$0Fiduciary activities
$37Service charges on deposit accounts
$0Trading account gains & fees
$32Additional noninterest income
$489Total noninterest expense
$266Salaries and employee benefits
$108Premises and equipment expense
$115Additional noninterest expense
$8Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$8Income before extraordinary items
$0Extraordinary gains - net
$8Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$55Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2000)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.23%Yield on earning assets
4.50%Cost of funding earning assets
3.73%Net interest margin
0.49%Noninterest income to earning assets
3.48%Noninterest expense to earning assets
0.05%Net operating income to assets
0.05%Return on assets (ROA)
0.05%Pretax return on assets
0.28%Return on equity (ROE)
0.28%Retained earnings to average equity (YTD only)
0.43%Net charge-offs to loans
174.55%Credit loss provision to net charge-offs
1.89%Efficiency ratio
82,462Assets per employee
3.26%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.16%Loss allowance to noncurrent loans
77.34%Noncurrent assets plus other real estate owned to assets
1.04%Noncurrent loans to loans
1.50%Net loans and leases to deposits
83.34%Net loans and leases to core deposits
107.30%Equity capital to assets
14.48%Core capital (leverage) ratio
16.91%Tier 1 risk-based capital ratio
20.41%Total risk-based capital ratio
Memoranda
$22Average assets
$15,621Average earning assets
$2,836Average equity
$14,063Average loans
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