MidWestOne Bank in Oskaloosa, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 09, 2008

  • MidWestOne Bank in Oskaloosa, Iowa (IA)
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MidWestOne Bank - Overview

  • General
  • FDIC Certificate #: 14197
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: MidWestOne Bank (#14843)
    Federal Reserve ID: 66846
    Date Established: January 01, 1934
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 20 (Interstate: No)
    OTS Docket #: 9862
    FDIC's unique #: 8864
    Numeric code: 21
    Regulator: FDIC
    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 06, 1934
    Last Structure Change Effective Date: August 09, 2008
    Last Structure Change Process Date: August 18, 2008
    Last Data Update: August 18, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 124 South 1st Street, Oskaloosa, IA 52577
    County: Mahaska
    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
    Core Based Statistical Area (CBSA): Oskaloosa, IA (#36820)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $789.2 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
  • 203Total employees (full-time equivalent)
  • $779,816Total assets
  • $28,090Cash and due from depository institutions
  • $87Interest-bearing balances
  • $79,544Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $621,330Net loans & leases
  • $7,482Loan loss allowance
  • $0Trading account assets
  • $12,876Bank premises and fixed assets
  • $3,712Other real estate owned
  • $13,386Goodwill and other intangibles
  • $4,558Life insurance assets
  • $20,878All other assets
  • $779,816Total liabilities and capital
  • $707,087Total liabilities
  • $578,117Total deposits
  • $509,370Interest-bearing deposits
  • $578,117Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $35,725Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $85,600Other borrowed funds
  • $0Subordinated debt
  • $7,645All other liabilities
  • $72,729Total equity capital
  • $72,729Total bank equity capital
  • $72,729Perpetual preferred stock
  • $0Common stock
  • $2,700Surplus
  • $47,691Undivided profits
  • Memoranda
  • $22,338Noncurrent loans and leases
  • $89,376Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $41,563Earning assets
  • $31Long-term assets (5+ years)
  • $7,582Average Assets, year-to-date
  • $700,961Average Assets, quarterly
  • $52,662Volatile liabilities
  • $752,522Insider loans
  • $770,575FHLB advances
  • $133,853Loans and leases held for sale
  • $19,442Unused loan commitments
  • $85,600Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $93Total risk weighted assets
  • $89,376Total unused commitments
  • $0Restructured Loans and leases
  • $7,482Derivatives

Income and Expense (December 31, 2007)

  • Dollar figures in thousands
  • $53,372Total interest income
  • $24,791Total interest expense
  • $28,581Net interest income
  • $4,171Provision for loan and lease losses
  • $4,405Total noninterest income
  • $118Fiduciary activities
  • $2,113Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,174Additional noninterest income
  • $18,123Total noninterest expense
  • $10,566Salaries and employee benefits
  • $3,088Premises and equipment expense
  • $4,469Additional noninterest expense
  • $10,692Pre-tax net operating income
  • $0Securities gains (losses)
  • $3,385Applicable income taxes
  • $7,307Income before extraordinary items
  • $0Extraordinary gains - net
  • $7,307Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $4,616Sale, conversion, retirement of capital stock, net
  • $4,000Net operating income

Performance and Condition Ratios (December 31, 2007)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.82%Yield on earning assets
  • 3.63%Cost of funding earning assets
  • 4.19%Net interest margin
  • 0.65%Noninterest income to earning assets
  • 2.66%Noninterest expense to earning assets
  • 0.97%Net operating income to assets
  • 0.97%Return on assets (ROA)
  • 1.42%Pretax return on assets
  • 10.30%Return on equity (ROE)
  • 4.66%Retained earnings to average equity (YTD only)
  • 0.76%Net charge-offs to loans
  • 90.36%Credit loss provision to net charge-offs
  • 3.22%Efficiency ratio
  • 54,469Assets per employee
  • 3.84%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 54.74%Loss allowance to loans
  • 1.19%Loss allowance to noncurrent loans
  • 18.00%Noncurrent assets plus other real estate owned to assets
  • 5.81%Noncurrent loans to loans
  • 6.61%Net loans and leases to deposits
  • 107.47%Net loans and leases to core deposits
  • 123.14%Equity capital to assets
  • 9.33%Core capital (leverage) ratio
  • 7.89%Tier 1 risk-based capital ratio
  • 9.65%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $752,522Average earning assets
  • $70,962Average equity
  • $682,378Average loans

Total Fiduciary and Related Assets (December 31, 2007)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $37,070Managed Assets
  • 1Number of Accounts
  • $28,606Personal trust and agency accounts
  • $20,454Employee benefit-defined contribution accounts
  • $8,152Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 99Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $8,464Other retirement accounts
  • $2,080Corporate trust and agency accounts
  • $1,005Other fiduciary accounts
  • $5,379Fiduciary accounts held in foreign offices

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