FDIC Certificate #: 15831 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Iowa State Bank (#950) Federal Reserve ID: 114644 Date Established: July 01, 1941 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 10072 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: July 01, 1941 Last Structure Change Effective Date: November 01, 2001 Last Structure Change Process Date: November 16, 2001 Last Data Update: November 16, 2001 Data Source Date: April 05, 2012
Location
Address: Main Street, Ruthven, IA 51358 County: Palo Alto 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
Financial Summary
Total assets: $32.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2000)
Dollar figures in thousands
8Total employees (full-time equivalent)
$31,172Total assets
$1,097Cash and due from depository institutions
$0Interest-bearing balances
$10,360Securities
$650Federal funds sold & reverse repurchase agreements
$15,452Net loans & leases
$308Loan loss allowance
$0Trading account assets
$30Bank premises and fixed assets
$0Other real estate owned
$2,206Goodwill and other intangibles
$0Life insurance assets
$1,377All other assets
$31,172Total liabilities and capital
$26,605Total liabilities
$25,856Total deposits
$23,127Interest-bearing deposits
$25,856Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$749All other liabilities
$4,567Total equity capital
$4,567Total bank equity capital
$4,567Perpetual preferred stock
$0Common stock
$75Surplus
$4,561Undivided profits
Memoranda
$-69Noncurrent loans and leases
$2,263Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1Earning assets
$0Long-term assets (5+ years)
$480Average Assets, year-to-date
$26,462Average Assets, quarterly
$6,692Volatile liabilities
$31,042Insider loans
$31,427FHLB advances
$2,864Loans and leases held for sale
$90Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$2,263Total unused commitments
$27Restructured Loans and leases
$241Derivatives
Income and Expense (December 31, 2000)
Dollar figures in thousands
$112Total interest income
$38Total interest expense
$74Net interest income
$0Provision for loan and lease losses
$77Total noninterest income
$0Fiduciary activities
$2Service charges on deposit accounts
$0Trading account gains & fees
$75Additional noninterest income
$144Total noninterest expense
$122Salaries and employee benefits
$4Premises and equipment expense
$18Additional noninterest expense
$7Pre-tax net operating income
-$31Securities gains (losses)
$47Applicable income taxes
-$71Income before extraordinary items
$0Extraordinary gains - net
-$71Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$0Sale, conversion, retirement of capital stock, net
$4,409Net operating income
Performance and Condition Ratios (December 31, 2000)
Dollar figures in thousands
Performance Ratios (%, annualized)
0.39%Yield on earning assets
0.13%Cost of funding earning assets
0.26%Net interest margin
0.27%Noninterest income to earning assets
0.50%Noninterest expense to earning assets
-0.13%Net operating income to assets
-0.23%Return on assets (ROA)
-0.08%Pretax return on assets
-1.17%Return on equity (ROE)
-74.14%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
95,364Assets per employee
3.90%Cash dividends to net income (YTD only)
Condition Ratios (%)
-6209.86%Loss allowance to loans
1.95%Loss allowance to noncurrent loans
30800.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.01%Net loans and leases to deposits
59.76%Net loans and leases to core deposits
67.21%Equity capital to assets
14.65%Core capital (leverage) ratio
8.24%Tier 1 risk-based capital ratio
12.29%Total risk-based capital ratio
Memoranda
$14Average assets
$31,042Average earning assets
$6,043Average equity
$28,623Average loans
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