FDIC Certificate #: 8501 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Commercial Federal Bank, a Federal Savings Bank (#30341) Federal Reserve ID: 850942 Date Established: April 10, 1928 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) OTS Docket #: 13274 FDIC's unique #: 5413 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: Febuary 13, 1998 Last Structure Change Process Date: April 13, 1998 Last Data Update: April 13, 1998 Data Source Date: April 05, 2012
Location
Address: 106 West Main Street, Lake Mills, IA 50450 County: Winnebago Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Mankato Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: Western
Financial Summary
Total assets: $37.7 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
12Total employees (full-time equivalent)
$37,685Total assets
$1,291Cash and due from depository institutions
$99Interest-bearing balances
$3,730Securities
$2,645Federal funds sold & reverse repurchase agreements
$28,989Net loans & leases
$285Loan loss allowance
$0Trading account assets
$280Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$750All other assets
$37,685Total liabilities and capital
$34,900Total liabilities
$34,596Total deposits
$31,458Interest-bearing deposits
$34,596Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$304All other liabilities
$2,785Total equity capital
$2,785Total bank equity capital
$2,785Perpetual preferred stock
$0Common stock
$150Surplus
$1,100Undivided profits
Memoranda
$1,535Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$12Earning assets
$0Long-term assets (5+ years)
$524Average Assets, year-to-date
$35,463Average Assets, quarterly
$1,507Volatile liabilities
$35,448Insider loans
$36,924FHLB advances
$5,162Loans and leases held for sale
$60Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$5,208Total unused commitments
$0Restructured Loans and leases
$29,898Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$2,890Total interest income
$1,265Total interest expense
$1,625Net interest income
$36Provision for loan and lease losses
$313Total noninterest income
$0Fiduciary activities
$168Service charges on deposit accounts
$0Trading account gains & fees
$145Additional noninterest income
$910Total noninterest expense
$428Salaries and employee benefits
$71Premises and equipment expense
$411Additional noninterest expense
$992Pre-tax net operating income
$8Securities gains (losses)
$353Applicable income taxes
$647Income before extraordinary items
$0Extraordinary gains - net
$647Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$7Sale, conversion, retirement of capital stock, net
$410Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.67%Yield on earning assets
3.79%Cost of funding earning assets
4.87%Net interest margin
0.94%Noninterest income to earning assets
2.73%Noninterest expense to earning assets
1.81%Net operating income to assets
1.83%Return on assets (ROA)
2.82%Pretax return on assets
24.12%Return on equity (ROE)
8.84%Retained earnings to average equity (YTD only)
-0.03%Net charge-offs to loans
-514.29%Credit loss provision to net charge-offs
0.00%Efficiency ratio
46,956Assets per employee
3.14%Cash dividends to net income (YTD only)
Condition Ratios (%)
63.37%Loss allowance to loans
0.97%Loss allowance to noncurrent loans
2375.00%Noncurrent assets plus other real estate owned to assets
0.03%Noncurrent loans to loans
0.04%Net loans and leases to deposits
83.79%Net loans and leases to core deposits
98.49%Equity capital to assets
7.39%Core capital (leverage) ratio
7.53%Tier 1 risk-based capital ratio
9.30%Total risk-based capital ratio
Memoranda
$10Average assets
$35,448Average earning assets
$2,682Average equity
$33,351Average loans
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