Mills County Bank National Association in Glenwood, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 09, 2008

  • Mills County Bank National Association in Glenwood, Iowa (IA)
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Mills County Bank National Association - Overview

  • General
  • FDIC Certificate #: 212
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First National Bank of Omaha (#5452)
    Federal Reserve ID: 308247
    Date Established: January 01, 1883
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 2 (Interstate: No)
    FDIC's unique #: 167
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: Febuary 09, 2008
    Last Structure Change Process Date: Febuary 19, 2008
    Last Data Update: Febuary 19, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 102 South Locust Street, Glenwood, IA 51534
    County: Mills
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Omaha
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Combined Statistical Area (CSA): Omaha-Council Bluffs-Fremont, NE-IA (#420)
    Core Based Statistical Area (CBSA): Omaha-Council Bluffs, NE-IA (#36540)
    CBSA Metro Statistical Area: Omaha-Council Bluffs, NE-IA (#36540)
  • Financial Summary
  • Total assets: $34.0 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
  • 18Total employees (full-time equivalent)
  • $33,982Total assets
  • $2,408Cash and due from depository institutions
  • $1,618Interest-bearing balances
  • $8,824Securities
  • $1,930Federal funds sold & reverse repurchase agreements
  • $19,567Net loans & leases
  • $272Loan loss allowance
  • $0Trading account assets
  • $598Bank premises and fixed assets
  • $83Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $572All other assets
  • $33,982Total liabilities and capital
  • $30,471Total liabilities
  • $30,382Total deposits
  • $24,780Interest-bearing deposits
  • $30,382Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $89All other liabilities
  • $3,511Total equity capital
  • $3,511Total bank equity capital
  • $3,511Perpetual preferred stock
  • $0Common stock
  • $230Surplus
  • $470Undivided profits
  • Memoranda
  • $2,811Noncurrent loans and leases
  • $918Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $13Earning assets
  • $0Long-term assets (5+ years)
  • $317Average Assets, year-to-date
  • $31,939Average Assets, quarterly
  • $1,573Volatile liabilities
  • $34,161Insider loans
  • $34,187FHLB advances
  • $4,124Loans and leases held for sale
  • $13Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $420Total risk weighted assets
  • $918Total unused commitments
  • $0Restructured Loans and leases
  • $257Derivatives

Income and Expense (December 31, 2007)

  • Dollar figures in thousands
  • $2,056Total interest income
  • $681Total interest expense
  • $1,375Net interest income
  • $0Provision for loan and lease losses
  • $598Total noninterest income
  • $0Fiduciary activities
  • $249Service charges on deposit accounts
  • $0Trading account gains & fees
  • $349Additional noninterest income
  • $1,626Total noninterest expense
  • $1,004Salaries and employee benefits
  • $167Premises and equipment expense
  • $455Additional noninterest expense
  • $347Pre-tax net operating income
  • $0Securities gains (losses)
  • $10Applicable income taxes
  • $337Income before extraordinary items
  • $0Extraordinary gains - net
  • $337Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $10Sale, conversion, retirement of capital stock, net
  • $112Net operating income

Performance and Condition Ratios (December 31, 2007)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.43%Yield on earning assets
  • 2.13%Cost of funding earning assets
  • 4.30%Net interest margin
  • 1.87%Noninterest income to earning assets
  • 5.08%Noninterest expense to earning assets
  • 0.99%Net operating income to assets
  • 0.99%Return on assets (ROA)
  • 1.02%Pretax return on assets
  • 10.33%Return on equity (ROE)
  • 6.90%Retained earnings to average equity (YTD only)
  • 0.05%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 34.70%Efficiency ratio
  • 82,413Assets per employee
  • 1.89%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 33.23%Loss allowance to loans
  • 1.37%Loss allowance to noncurrent loans
  • 2092.31%Noncurrent assets plus other real estate owned to assets
  • 0.28%Noncurrent loans to loans
  • 0.07%Net loans and leases to deposits
  • 64.40%Net loans and leases to core deposits
  • 74.52%Equity capital to assets
  • 10.33%Core capital (leverage) ratio
  • 10.02%Tier 1 risk-based capital ratio
  • 16.81%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $34,161Average earning assets
  • $3,262Average equity
  • $31,981Average loans

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