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

This bank is inactive as of January 01, 2006

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

  • General
  • FDIC Certificate #: 28495
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: MidWestOne Bank (#14197)
    Federal Reserve ID: 598374
    Date Established: January 01, 1919
    WWW: http://www.midwestonebank.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Interstate: No)
    OTS Docket #: 1708
    FDIC's unique #: 41329
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    SAIF Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: December 07, 1934
    Last Structure Change Effective Date: January 01, 2006
    Last Structure Change Process Date: January 11, 2006
    Last Data Update: January 11, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 3225 Division St, Burlington, IA 52601
    County: Des Moines
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Cedar Rapids
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Core Based Statistical Area (CBSA): Burlington, IA-IL (#15460)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $181.3 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, 2005)

  • Dollar figures in thousands
  • 35Total employees (full-time equivalent)
  • $181,303Total assets
  • $1,982Cash and due from depository institutions
  • $51Interest-bearing balances
  • $27,432Securities
  • $9,860Federal funds sold & reverse repurchase agreements
  • $127,546Net loans & leases
  • $1,359Loan loss allowance
  • $0Trading account assets
  • $2,520Bank premises and fixed assets
  • $1,629Other real estate owned
  • $6,096Goodwill and other intangibles
  • $0Life insurance assets
  • $4,238All other assets
  • $181,303Total liabilities and capital
  • $161,355Total liabilities
  • $120,488Total deposits
  • $114,834Interest-bearing deposits
  • $120,488Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $40,000Other borrowed funds
  • $0Subordinated debt
  • $867All other liabilities
  • $19,948Total equity capital
  • $19,948Total bank equity capital
  • $19,948Perpetual preferred stock
  • $0Common stock
  • $5Surplus
  • $19,233Undivided profits
  • Memoranda
  • $710Noncurrent loans and leases
  • $16,639Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $8,604Earning assets
  • $638Long-term assets (5+ years)
  • $829Average Assets, year-to-date
  • $164,889Average Assets, quarterly
  • $16,508Volatile liabilities
  • $176,371Insider loans
  • $177,563FHLB advances
  • $19,513Loans and leases held for sale
  • $1,562Unused loan commitments
  • $40,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $110Total risk weighted assets
  • $16,639Total unused commitments
  • $0Restructured Loans and leases
  • $1,359Derivatives

Income and Expense (December 31, 2005)

  • Dollar figures in thousands
  • $10,889Total interest income
  • $4,641Total interest expense
  • $6,248Net interest income
  • $974Provision for loan and lease losses
  • $837Total noninterest income
  • $0Fiduciary activities
  • $342Service charges on deposit accounts
  • $0Trading account gains & fees
  • $495Additional noninterest income
  • $3,935Total noninterest expense
  • $1,871Salaries and employee benefits
  • $617Premises and equipment expense
  • $1,447Additional noninterest expense
  • $2,176Pre-tax net operating income
  • $0Securities gains (losses)
  • $700Applicable income taxes
  • $1,476Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,476Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $767Sale, conversion, retirement of capital stock, net
  • $1,200Net operating income

Performance and Condition Ratios (December 31, 2005)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.81%Yield on earning assets
  • 2.90%Cost of funding earning assets
  • 3.91%Net interest margin
  • 0.52%Noninterest income to earning assets
  • 2.46%Noninterest expense to earning assets
  • 0.84%Net operating income to assets
  • 0.84%Return on assets (ROA)
  • 1.23%Pretax return on assets
  • 7.43%Return on equity (ROE)
  • 1.39%Retained earnings to average equity (YTD only)
  • 0.60%Net charge-offs to loans
  • 126.99%Credit loss provision to net charge-offs
  • 4.11%Efficiency ratio
  • 53,931Assets per employee
  • 5.18%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 81.30%Loss allowance to loans
  • 1.05%Loss allowance to noncurrent loans
  • 15.79%Noncurrent assets plus other real estate owned to assets
  • 5.64%Noncurrent loans to loans
  • 6.67%Net loans and leases to deposits
  • 105.86%Net loans and leases to core deposits
  • 119.23%Equity capital to assets
  • 11.00%Core capital (leverage) ratio
  • 8.32%Tier 1 risk-based capital ratio
  • 12.50%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $176,371Average earning assets
  • $19,877Average equity
  • $159,867Average loans

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