FDIC Certificate #: 25604 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Great Western Bank (#8327) Federal Reserve ID: 254148 Date Established: September 07, 1984 WWW:http://www.oaklandstatebank.com Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) OTS Docket #: 15469 FDIC's unique #: 17536 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: September 07, 1984 Last Structure Change Effective Date: November 06, 2004 Last Structure Change Process Date: November 17, 2004 Last Data Update: November 17, 2004 Data Source Date: April 05, 2012
Location
Address: 501 Pioneer Avenue, Oakland, IA 51560 County: Pottawattamie 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 Metropolitan Statistical Area (MSA): Omaha, NE-IA (#5920) 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: $26.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2003)
Dollar figures in thousands
10Total employees (full-time equivalent)
$30,265Total assets
$1,870Cash and due from depository institutions
$30Interest-bearing balances
$1,476Securities
$5,498Federal funds sold & reverse repurchase agreements
$20,108Net loans & leases
$888Loan loss allowance
$0Trading account assets
$220Bank premises and fixed assets
$368Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$725All other assets
$30,265Total liabilities and capital
$28,459Total liabilities
$27,592Total deposits
$23,751Interest-bearing deposits
$27,592Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$700Other borrowed funds
$0Subordinated debt
$167All other liabilities
$1,806Total equity capital
$1,806Total bank equity capital
$1,806Perpetual preferred stock
$0Common stock
$500Surplus
$800Undivided profits
Memoranda
$506Noncurrent loans and leases
$6,415Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,833Earning assets
$0Long-term assets (5+ years)
$228Average Assets, year-to-date
$27,112Average Assets, quarterly
$3,933Volatile liabilities
$35,514Insider loans
$32,369FHLB advances
$2,205Loans and leases held for sale
$32Unused loan commitments
$700Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$6,415Total unused commitments
$0Restructured Loans and leases
$292Derivatives
Income and Expense (December 31, 2003)
Dollar figures in thousands
$2,184Total interest income
$886Total interest expense
$1,298Net interest income
$1,450Provision for loan and lease losses
$258Total noninterest income
$0Fiduciary activities
$144Service charges on deposit accounts
$0Trading account gains & fees
$114Additional noninterest income
$1,461Total noninterest expense
$565Salaries and employee benefits
$165Premises and equipment expense
$731Additional noninterest expense
-$1,355Pre-tax net operating income
$0Securities gains (losses)
-$101Applicable income taxes
-$1,254Income before extraordinary items
$0Extraordinary gains - net
-$1,254Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$979Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2003)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.60%Yield on earning assets
2.68%Cost of funding earning assets
3.92%Net interest margin
0.78%Noninterest income to earning assets
4.42%Noninterest expense to earning assets
-3.53%Net operating income to assets
-3.53%Return on assets (ROA)
-3.82%Pretax return on assets
-49.42%Return on equity (ROE)
-49.42%Retained earnings to average equity (YTD only)
3.48%Net charge-offs to loans
148.11%Credit loss provision to net charge-offs
0.10%Efficiency ratio
93,895Assets per employee
3.03%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
4.23%Loss allowance to noncurrent loans
48.45%Noncurrent assets plus other real estate owned to assets
7.27%Noncurrent loans to loans
8.73%Net loans and leases to deposits
72.88%Net loans and leases to core deposits
79.21%Equity capital to assets
5.97%Core capital (leverage) ratio
5.28%Tier 1 risk-based capital ratio
7.84%Total risk-based capital ratio
Memoranda
$9Average assets
$35,514Average earning assets
$2,537Average equity
$33,073Average loans
Total Fiduciary and Related Assets (December 31, 2002)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
YesFiduciary powers granted
YesFiduciary or related activity
$66Managed Assets
1Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee 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
10Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$66Other retirement accounts
$66Corporate trust and agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
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