FDIC Certificate #: 28017 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Vantus Bank (#27732) Federal Reserve ID: 916071 Date Established: January 01, 1913 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 745 FDIC's unique #: 40851 Numeric code: 33 Regulator: OTS Insurance Fund Membership: Savings Association Insurance Fund (SAIF) FDIC Insured: Yes SAIF Insured: Yes Insured Savings Institution: Yes State Chartered: No Date of Deposit Insurance: March 20, 1952 Last Structure Change Effective Date: April 14, 1999 Last Structure Change Process Date: June 23, 1999 Last Data Update: June 23, 1999 Data Source Date: April 05, 2012
Location
Address: 123 W 2nd St North, Newton, IA 50208 County: Jasper 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 Combined Statistical Area (CSA): Des Moines-Newton-Pella, IA (#218) Core Based Statistical Area (CBSA): Newton, IA (#35500) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $149.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1998)
Dollar figures in thousands
36Total employees (full-time equivalent)
$140,568Total assets
$11,142Cash and due from depository institutions
$10,783Interest-bearing balances
$55,710Securities
$0Federal funds sold & reverse repurchase agreements
$67,983Net loans & leases
$306Loan loss allowance
$0Trading account assets
$2,614Bank premises and fixed assets
$93Other real estate owned
$5Goodwill and other intangibles
$0Life insurance assets
$3,021All other assets
$140,571Total liabilities and capital
$128,848Total liabilities
$91,516Total deposits
$89,878Interest-bearing deposits
$91,516Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$36,000Other borrowed funds
$0Subordinated debt
$1,332All other liabilities
$11,723Total equity capital
$11,723Total bank equity capital
$11,723Perpetual preferred stock
$0Common stock
$4Surplus
$1,788Undivided profits
Memoranda
$9,931Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$38Earning assets
$0Long-term assets (5+ years)
$432Average Assets, year-to-date
$134,476Average Assets, quarterly
$0Volatile liabilities
$139,509Insider loans
$143,031FHLB advances
$50,303Loans and leases held for sale
$54Unused loan commitments
$36,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,856Total unused commitments
$0Restructured Loans and leases
$57,781Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$9,609Total interest income
$6,165Total interest expense
$3,444Net interest income
$60Provision for loan and lease losses
$936Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$936Additional noninterest income
$2,389Total noninterest expense
$1,207Salaries and employee benefits
$558Premises and equipment expense
$624Additional noninterest expense
$1,931Pre-tax net operating income
$0Securities gains (losses)
$648Applicable income taxes
$1,283Income before extraordinary items
$0Extraordinary gains - net
$1,283Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$49Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.20%Yield on earning assets
4.62%Cost of funding earning assets
2.58%Net interest margin
0.70%Noninterest income to earning assets
1.79%Noninterest expense to earning assets
0.92%Net operating income to assets
0.92%Return on assets (ROA)
1.38%Pretax return on assets
11.75%Return on equity (ROE)
11.75%Retained earnings to average equity (YTD only)
0.07%Net charge-offs to loans
122.45%Credit loss provision to net charge-offs
40.63%Efficiency ratio
54,475Assets per employee
3.90%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.45%Loss allowance to noncurrent loans
805.26%Noncurrent assets plus other real estate owned to assets
0.09%Noncurrent loans to loans
0.06%Net loans and leases to deposits
74.29%Net loans and leases to core deposits
88.05%Equity capital to assets
8.34%Core capital (leverage) ratio
8.32%Tier 1 risk-based capital ratio
20.23%Total risk-based capital ratio
Memoranda
$21Average assets
$139,509Average earning assets
$10,918Average equity
$133,415Average loans
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