Liberty Bank and Trust, National Association in Pocahontas, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 13, 1998

Liberty Bank and Trust, National Association in Pocahontas, Iowa (IA)
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Liberty Bank and Trust, National Association - Overview

General
FDIC Certificate #: 4458
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Commercial Federal Bank, a Federal Savings Bank (#30341)
Federal Reserve ID: 618245
Date Established: December 23, 1902
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 4 (Interstate: No)
OTS Docket #: 13626
FDIC's unique #: 2946
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
Oakar Institutions: Yes
State Chartered: No
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: Febuary 13, 1998
Last Structure Change Process Date: March 04, 1998
Last Data Update: March 04, 1998
Data Source Date: April 05, 2012
Location
Address: 11 West Elm, Pocahontas, IA 50574
County: Pocahontas
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Des Moines
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: Western
Financial Summary
Total assets: $57.6 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
17Total employees (full-time equivalent)
$57,637Total assets
$2,083Cash and due from depository institutions
$198Interest-bearing balances
$6,753Securities
$50Federal funds sold & reverse repurchase agreements
$46,862Net loans & leases
$396Loan loss allowance
$0Trading account assets
$478Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,411All other assets
$57,637Total liabilities and capital
$52,562Total liabilities
$49,966Total deposits
$43,703Interest-bearing deposits
$49,966Deposits held in domestic offices
0.00%% insured (estimated)
$2,062Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$534All other liabilities
$5,075Total equity capital
$5,075Total bank equity capital
$5,075Perpetual preferred stock
$0Common stock
$520Surplus
$1,712Undivided profits
Memoranda
$2,843Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$127Earning assets
$0Long-term assets (5+ years)
$912Average Assets, year-to-date
$53,863Average Assets, quarterly
$3,492Volatile liabilities
$54,368Insider loans
$56,332FHLB advances
$5,812Loans and leases held for sale
$841Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$7,019Total unused commitments
$0Restructured Loans and leases
$49,244Derivatives

Income and Expense (December 31, 1997)

Dollar figures in thousands
$4,306Total interest income
$2,023Total interest expense
$2,283Net interest income
$92Provision for loan and lease losses
$306Total noninterest income
$0Fiduciary activities
$183Service charges on deposit accounts
$0Trading account gains & fees
$123Additional noninterest income
$1,281Total noninterest expense
$575Salaries and employee benefits
$114Premises and equipment expense
$592Additional noninterest expense
$1,216Pre-tax net operating income
$7Securities gains (losses)
$421Applicable income taxes
$802Income before extraordinary items
$0Extraordinary gains - net
$802Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$87Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1997)

Dollar figures in thousands
Performance Ratios (%, annualized)
8.43%Yield on earning assets
3.96%Cost of funding earning assets
4.47%Net interest margin
0.60%Noninterest income to earning assets
2.51%Noninterest expense to earning assets
1.47%Net operating income to assets
1.48%Return on assets (ROA)
2.25%Pretax return on assets
17.25%Return on equity (ROE)
17.25%Retained earnings to average equity (YTD only)
0.21%Net charge-offs to loans
105.75%Credit loss provision to net charge-offs
15.03%Efficiency ratio
49,479Assets per employee
3.39%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.84%Loss allowance to noncurrent loans
311.81%Noncurrent assets plus other real estate owned to assets
0.22%Noncurrent loans to loans
0.27%Net loans and leases to deposits
93.79%Net loans and leases to core deposits
101.40%Equity capital to assets
8.81%Core capital (leverage) ratio
9.05%Tier 1 risk-based capital ratio
10.27%Total risk-based capital ratio
Memoranda
$11Average assets
$54,368Average earning assets
$4,650Average equity
$51,107Average loans

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