FDIC Certificate #: 4442 Status: Active Federal Reserve ID: 775540 Bank Holding Company (Regulatory Top Holder): Blue Grass Bancorporation, Inc (RSSDID: 4350824, Location: Corning, IA) Date Established: April 01, 1900 WWW:http://www.okeybank.com Trust Powers Granted: No Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 1 (Domestic: 1, Interstate: No) OTS Docket #: 16147 FDIC's unique #: 2934 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Agricultural lending institution: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: No Subchapter S Corporations: Yes Asset Concentration Hierarchy: Agricultural Specialization Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: March 31, 2006 Last Structure Change Process Date: November 03, 2006 Last Data Update: November 03, 2006 Data Source Date: April 05, 2012
Location
Address: 701 Davis Street, Corning, IA 50841 County: Adams 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
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $57.9 mil Equity capital: $8.3 mil Deposits held in domestic offices: $48.7 mil Return on assets (ROA): 0.98% ($0.6 mil) Quarterly return on assets: 1.17% ($0.7 mil) Return on Equity (ROE): 7.03% ($0.6 mil) Quarterly return on equity: 8.27% ($0.7 mil) Net income: $0.6 mil Quarterly Net income: $0.2 mil Pretax return on assets: 1.02% ($590.5 mil) Quarterly Pretax return on assets: 1.23% ($712.1 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2011)
Dollar figures in thousands
15Total employees (full-time equivalent)
$57,892Total assets
$4,367Cash and due from depository institutions
$2,450Interest-bearing balances
$29,311Securities
$194Federal funds sold & reverse repurchase agreements
$22,649Net loans & leases
$238Loan loss allowance
$0Trading account assets
$320Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$57,892Life insurance assets
$1,051All other assets
$49,565Total liabilities and capital
$48,711Total liabilities
$38,846Total deposits
$48,711Interest-bearing deposits
$84Deposits held in domestic offices
802.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$52Subordinated debt
$8,327All other liabilities
$8,327Total equity capital
$8,327Total bank equity capital
$0Perpetual preferred stock
$250Common stock
$250Surplus
$7,827Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$728Long-term assets (5+ years)
$54,604Average Assets, year-to-date
$22,746Average Assets, quarterly
$58,453Volatile liabilities
$58,241Insider loans
$31,421FHLB advances
$58,044Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$8,327Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$4,951Restructured Loans and leases
$129Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$2,249Total interest income
$384Total interest expense
$1,865Net interest income
$0Provision for loan and lease losses
$138Total noninterest income
$0Fiduciary activities
$78Service charges on deposit accounts
$0Trading account gains & fees
$60Additional noninterest income
$1,404Total noninterest expense
$774Salaries and employee benefits
$191Premises and equipment expense
$439Additional noninterest expense
$599Pre-tax net operating income
$0Securities gains (losses)
$28Applicable income taxes
$571Income before extraordinary items
$0Extraordinary gains - net
$571Net income attributable to bank
$0Net charge-offs
$571Cash dividends
-$2Sale, conversion, retirement of capital stock, net
$189Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.05%Yield on earning assets
0.69%Cost of funding earning assets
3.36%Net interest margin
0.25%Noninterest income to earning assets
2.53%Noninterest expense to earning assets
0.98%Net operating income to assets
0.98%Return on assets (ROA)
1.02%Pretax return on assets
7.03%Return on equity (ROE)
4.70%Retained earnings to average equity (YTD only)
-0.01%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
70,095Assets per employee
3.86%Cash dividends to net income (YTD only)
Condition Ratios (%)
33.10%Loss allowance to loans
1.04%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
46.50%Net loans and leases to core deposits
47.28%Equity capital to assets
14.38%Core capital (leverage) ratio
14.35%Tier 1 risk-based capital ratio
26.50%Total risk-based capital ratio
Memoranda
$27Average assets
$58,453Average earning assets
$8,122Average equity
$55,507Average loans
List of branches
1 Iowa Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
2934
Okey-Vernon First National Bank
701 Davis Street, Corning, IA 50841
April 01, 1900
Full Service Brick and Mortar
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