Miles Savings Bank in Miles, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 01, 1996

Miles Savings Bank in Miles, Iowa (IA)
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Miles Savings Bank - Overview

General
FDIC Certificate #: 1551
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Community Bank (#241)
Federal Reserve ID: 695741
Date Established: January 01, 1905
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 1020
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 01, 1934
Last Structure Change Effective Date: January 01, 1996
Last Structure Change Process Date: January 23, 1996
Last Data Update: January 23, 1996
Data Source Date: April 05, 2012
Location
Address: Main Street, Miles, IA 52064
County: Jackson
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
Financial Summary
Total assets: $30.8 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

Dollar figures in thousands
0Total employees (full-time equivalent)
$11Total assets
$30,821Cash and due from depository institutions
$1,722Interest-bearing balances
$1,100Securities
$4,693Federal funds sold & reverse repurchase agreements
$2,275Net loans & leases
$20,555Loan loss allowance
$182Trading account assets
$0Bank premises and fixed assets
$369Other real estate owned
$0Goodwill and other intangibles
$594Life insurance assets
$613All other assets
$0Total liabilities and capital
$30,821Total liabilities
$27,473Total deposits
$27,114Interest-bearing deposits
$25,436Deposits held in domestic offices
27114.00%% insured (estimated)
$86Federal funds purchased & repurchase agreements
$100Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$259Total equity capital
$259Total bank equity capital
$3,348Perpetual preferred stock
$0Common stock
$150Surplus
$1,150Undivided profits
Memoranda
$2,048Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$13Income earned, not collected on loans
$507Earning assets
$28,623Long-term assets (5+ years)
$1,369Average Assets, year-to-date
$28,846Average Assets, quarterly
$29,787Volatile liabilities
$3,023Insider loans
$269FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$2,364Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$2,737Total risk weighted assets
$20,913Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1995)

Dollar figures in thousands
$0Total interest income
$2,184Total interest expense
$1,253Net interest income
$931Provision for loan and lease losses
$15Total noninterest income
$73Fiduciary activities
$0Service charges on deposit accounts
$58Trading account gains & fees
$0Additional noninterest income
$15Total noninterest expense
$555Salaries and employee benefits
$265Premises and equipment expense
$79Additional noninterest expense
$211Pre-tax net operating income
$434Securities gains (losses)
$0Applicable income taxes
$184Income before extraordinary items
$250Extraordinary gains - net
$0Net income attributable to bank
$250Net charge-offs
$38Cash dividends
$150Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1995)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.21%Cost of funding earning assets
4.71%Net interest margin
3.50%Noninterest income to earning assets
0.27%Noninterest expense to earning assets
2.09%Net operating income to assets
0.87%Return on assets (ROA)
0.87%Pretax return on assets
1.50%Return on equity (ROE)
7.72%Retained earnings to average equity (YTD only)
3.09%Net charge-offs to loans
0.18%Credit loss provision to net charge-offs
39.47%Efficiency ratio
47,012Assets per employee
2.80%Cash dividends to net income (YTD only)
Condition Ratios (%)
60.00%Loss allowance to loans
0.88%Loss allowance to noncurrent loans
1400.00%Noncurrent assets plus other real estate owned to assets
0.04%Noncurrent loans to loans
0.06%Net loans and leases to deposits
75.81%Net loans and leases to core deposits
84.97%Equity capital to assets
10.86%Core capital (leverage) ratio
9.35%Tier 1 risk-based capital ratio
13.09%Total risk-based capital ratio
Memoranda
$14Average assets
$28,846Average earning assets
$3,236Average equity
$26,595Average loans

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