FDIC Certificate #: 18001 Status: Active Federal Reserve ID: 88240 Bank Holding Company (Regulatory Top Holder): Dentel Bancorporation (RSSDID: 1133615, Location: Victor, IA) Date Established: May 18, 1959 WWW:http://www.panorastatebank.com Trust Powers Granted: Yes Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) OTS Docket #: 16105 FDIC's unique #: 11931 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: Yes Asset Concentration Hierarchy: Other Specialized Lending < 1 Billion Date of Deposit Insurance: May 18, 1959 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: 120 East Main, Panora, IA 50216 County: Guthrie 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 Combined Statistical Area (CSA): Des Moines-Newton-Pella, IA (#218) Core Based Statistical Area (CBSA): Des Moines-West Des Moines, IA (#19780) CBSA Metro Statistical Area: Des Moines-West Des Moines, IA (#19780)
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $62.6 mil Equity capital: $9.2 mil Deposits held in domestic offices: $51.0 mil Return on assets (ROA): 2.18% ($1.4 mil) Quarterly return on assets: 2.35% ($1.5 mil) Return on Equity (ROE): 15.80% ($1.4 mil) Quarterly return on equity: 15.69% ($1.4 mil) Net income: $1.3 mil Quarterly Net income: $0.4 mil Pretax return on assets: 2.27% ($1,420.7 mil) Quarterly Pretax return on assets: 2.44% ($1,527.1 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
10Total employees (full-time equivalent)
$62,585Total assets
$1,666Cash and due from depository institutions
$502Interest-bearing balances
$29,307Securities
$3,250Federal funds sold & reverse repurchase agreements
$24,447Net loans & leases
$189Loan loss allowance
$0Trading account assets
$353Bank premises and fixed assets
$0Other real estate owned
$2,667Goodwill and other intangibles
$62,585Life insurance assets
$895All other assets
$53,424Total liabilities and capital
$50,996Total liabilities
$46,632Total deposits
$50,996Interest-bearing deposits
$93Deposits held in domestic offices
1737.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$500Trading liabilities
$0Other borrowed funds
$191Subordinated debt
$9,161All other liabilities
$9,161Total equity capital
$9,161Total bank equity capital
$0Perpetual preferred stock
$218Common stock
$7,615Surplus
$1,328Undivided 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
$522Long-term assets (5+ years)
$57,506Average Assets, year-to-date
$23,324Average Assets, quarterly
$59,345Volatile liabilities
$60,716Insider loans
$29,929FHLB advances
$57,951Loans and leases held for sale
$114Unused loan commitments
$114Tier 1 (core) risk-based capital
$5,759Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$1,896Restructured Loans and leases
$834Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$2,645Total interest income
$407Total interest expense
$2,238Net interest income
$119Provision for loan and lease losses
$98Total noninterest income
$0Fiduciary activities
$85Service charges on deposit accounts
$0Trading account gains & fees
$13Additional noninterest income
$885Total noninterest expense
$545Salaries and employee benefits
$141Premises and equipment expense
$199Additional noninterest expense
$1,332Pre-tax net operating income
$13Securities gains (losses)
$52Applicable income taxes
$1,293Income before extraordinary items
$0Extraordinary gains - net
$1,293Net income attributable to bank
$0Net charge-offs
$1,293Cash dividends
$0Sale, conversion, retirement of capital stock, net
$700Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.87%Yield on earning assets
0.75%Cost of funding earning assets
4.12%Net interest margin
0.18%Noninterest income to earning assets
1.63%Noninterest expense to earning assets
2.16%Net operating income to assets
2.18%Return on assets (ROA)
2.27%Pretax return on assets
15.80%Return on equity (ROE)
7.25%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
36,130Assets per employee
6.26%Cash dividends to net income (YTD only)
Condition Ratios (%)
54.14%Loss allowance to loans
0.77%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
47.94%Net loans and leases to core deposits
49.19%Equity capital to assets
14.64%Core capital (leverage) ratio
9.94%Tier 1 risk-based capital ratio
19.24%Total risk-based capital ratio
Memoranda
$20Average assets
$59,345Average earning assets
$8,183Average equity
$54,287Average 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
$346Managed 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
78Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$346Other retirement accounts
$346Corporate trust and agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
List of branches
1 Iowa Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
11931
Panora State Bank
120 East Main, Panora, IA 50216
May 18, 1959
Full Service Brick and Mortar
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