Metabank West Central in Stuart, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 29, 2008

  • Metabank West Central in Stuart, Iowa (IA)
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Metabank West Central - Overview

  • General
  • FDIC Certificate #: 17439
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Rolling Hills Bank & Trust (#15334)
    Federal Reserve ID: 859543
    Date Established: April 25, 1955
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 3 (Interstate: No)
    OTS Docket #: 14647
    FDIC's unique #: 11432
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: April 25, 1955
    Last Structure Change Effective Date: March 29, 2008
    Last Structure Change Process Date: April 24, 2008
    Last Data Update: April 24, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 615 South Division Street, Stuart, IA 50250
    County: Adair
    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: $43.7 mil

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

2000 - 2011 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, 2007)

  • Dollar figures in thousands
  • 12Total employees (full-time equivalent)
  • $43,721Total assets
  • $2,567Cash and due from depository institutions
  • $2,352Interest-bearing balances
  • $11,381Securities
  • $15,000Federal funds sold & reverse repurchase agreements
  • $9,862Net loans & leases
  • $114Loan loss allowance
  • $0Trading account assets
  • $702Bank premises and fixed assets
  • $0Other real estate owned
  • $1,895Goodwill and other intangibles
  • $1,175Life insurance assets
  • $2,314All other assets
  • $43,721Total liabilities and capital
  • $37,940Total liabilities
  • $31,413Total deposits
  • $26,943Interest-bearing deposits
  • $31,413Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $6,300Other borrowed funds
  • $0Subordinated debt
  • $227All other liabilities
  • $5,781Total equity capital
  • $5,781Total bank equity capital
  • $5,781Perpetual preferred stock
  • $0Common stock
  • $300Surplus
  • $5,591Undivided profits
  • Memoranda
  • $-110Noncurrent loans and leases
  • $2,425Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $0Long-term assets (5+ years)
  • $209Average Assets, year-to-date
  • $38,595Average Assets, quarterly
  • $2,860Volatile liabilities
  • $42,424Insider loans
  • $41,426FHLB advances
  • $8,125Loans and leases held for sale
  • $0Unused loan commitments
  • $6,300Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $2,425Total unused commitments
  • $0Restructured Loans and leases
  • $114Derivatives

Income and Expense (December 31, 2007)

  • Dollar figures in thousands
  • $2,126Total interest income
  • $1,295Total interest expense
  • $831Net interest income
  • -$121Provision for loan and lease losses
  • $260Total noninterest income
  • $0Fiduciary activities
  • $116Service charges on deposit accounts
  • $0Trading account gains & fees
  • $144Additional noninterest income
  • $880Total noninterest expense
  • $342Salaries and employee benefits
  • $156Premises and equipment expense
  • $382Additional noninterest expense
  • $332Pre-tax net operating income
  • $0Securities gains (losses)
  • $14Applicable income taxes
  • $318Income before extraordinary items
  • $0Extraordinary gains - net
  • $318Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $752Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2007)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.72%Yield on earning assets
  • 3.48%Cost of funding earning assets
  • 2.24%Net interest margin
  • 0.70%Noninterest income to earning assets
  • 2.37%Noninterest expense to earning assets
  • 0.75%Net operating income to assets
  • 0.75%Return on assets (ROA)
  • 0.78%Pretax return on assets
  • 5.73%Return on equity (ROE)
  • 5.73%Retained earnings to average equity (YTD only)
  • 5.26%Net charge-offs to loans
  • -16.09%Credit loss provision to net charge-offs
  • 0.28%Efficiency ratio
  • 80,660Assets per employee
  • 3.64%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.14%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 31.39%Net loans and leases to core deposits
  • 35.62%Equity capital to assets
  • 13.22%Core capital (leverage) ratio
  • 9.82%Tier 1 risk-based capital ratio
  • 20.43%Total risk-based capital ratio
  • Memoranda
  • $21Average assets
  • $42,424Average earning assets
  • $5,546Average equity
  • $37,161Average loans

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