Magna Bank in Indianola, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 18, 1997

  • Magna Bank in Indianola, Iowa (IA)
  • Show street view No street view available for this location

Magna Bank - Overview

  • General
  • FDIC Certificate #: 13151
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Magna Bank, National Association (#4518)
    Federal Reserve ID: 923846
    Date Established: Febuary 26, 1919
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Interstate: No)
    OTS Docket #: 13661
    FDIC's unique #: 8315
    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 09, 1934
    Last Structure Change Effective Date: July 18, 1997
    Last Structure Change Process Date: August 06, 1997
    Last Data Update: August 06, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 114 North Howard Street, Indianola, IA 50125
    County: Warren
    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
    Metropolitan Statistical Area (MSA): Des Moines, IA (#2120)
    Combined Statistical Area (CSA): Des Moines-Newton-Pella, IA (#218)
    Core Based Statistical Area (CBSA): Des Moines-West Des Moines, IA (#19780)
    CBSA Metro Statistical Area: Des Moines-West Des Moines, IA (#19780)
  • Financial Summary
  • Total assets: $136.7 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $57Total assets
  • $129,876Cash and due from depository institutions
  • $7,252Interest-bearing balances
  • $0Securities
  • $10,512Federal funds sold & reverse repurchase agreements
  • $19,050Net loans & leases
  • $89,103Loan loss allowance
  • $870Trading account assets
  • $0Bank premises and fixed assets
  • $2,069Other real estate owned
  • $53Goodwill and other intangibles
  • $1,837Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $129,876Total liabilities
  • $118,512Total deposits
  • $117,460Interest-bearing deposits
  • $101,073Deposits held in domestic offices
  • 117460.00%% insured (estimated)
  • $91Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $1,052Total equity capital
  • $1,052Total bank equity capital
  • $11,364Perpetual preferred stock
  • $0Common stock
  • $1,500Surplus
  • $3,500Undivided profits
  • Memoranda
  • $6,364Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $117Income earned, not collected on loans
  • $906Earning assets
  • $118,665Long-term assets (5+ years)
  • $5,213Average Assets, year-to-date
  • $127,645Average Assets, quarterly
  • $128,082Volatile liabilities
  • $5,133Insider loans
  • $1,276FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $21,846Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $11,289Total risk weighted assets
  • $86,295Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $9,410Total interest expense
  • $3,900Net interest income
  • $5,510Provision for loan and lease losses
  • $40Total noninterest income
  • $778Fiduciary activities
  • $0Service charges on deposit accounts
  • $581Trading account gains & fees
  • $0Additional noninterest income
  • $197Total noninterest expense
  • $3,451Salaries and employee benefits
  • $1,890Premises and equipment expense
  • $451Additional noninterest expense
  • $1,110Pre-tax net operating income
  • $2,797Securities gains (losses)
  • $0Applicable income taxes
  • $993Income before extraordinary items
  • $1,804Extraordinary gains - net
  • $0Net income attributable to bank
  • $1,804Net charge-offs
  • $89Cash dividends
  • $1,500Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.01%Cost of funding earning assets
  • 3.32%Net interest margin
  • 4.69%Noninterest income to earning assets
  • 0.66%Noninterest expense to earning assets
  • 2.94%Net operating income to assets
  • 1.41%Return on assets (ROA)
  • 1.41%Pretax return on assets
  • 2.19%Return on equity (ROE)
  • 16.08%Retained earnings to average equity (YTD only)
  • 2.71%Net charge-offs to loans
  • 0.10%Credit loss provision to net charge-offs
  • 44.94%Efficiency ratio
  • 54,882Assets per employee
  • 2.28%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 83.15%Loss allowance to loans
  • 0.97%Loss allowance to noncurrent loans
  • 743.59%Noncurrent assets plus other real estate owned to assets
  • 0.13%Noncurrent loans to loans
  • 0.13%Net loans and leases to deposits
  • 75.86%Net loans and leases to core deposits
  • 79.32%Equity capital to assets
  • 8.75%Core capital (leverage) ratio
  • 8.75%Tier 1 risk-based capital ratio
  • 13.08%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $127,645Average earning assets
  • $11,221Average equity
  • $117,445Average loans

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