FDIC Certificate #: 4522 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Pilot Grove Savings Bank (#9100) Federal Reserve ID: 628048 Date Established: January 01, 1914 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) OTS Docket #: 13999 FDIC's unique #: 2989 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: No Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: July 01, 2004 Last Structure Change Process Date: July 14, 2004 Last Data Update: July 14, 2004 Data Source Date: April 05, 2012
Location
Address: 114 South Main Street, Mt. Pleasant, IA 52641 County: Henry Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Cedar Rapids Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: Western
Financial Summary
Total assets: $20.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
11Total employees (full-time equivalent)
$20,771Total assets
$9,098Cash and due from depository institutions
$8,532Interest-bearing balances
$1,552Securities
$937Federal funds sold & reverse repurchase agreements
$8,947Net loans & leases
$204Loan loss allowance
$0Trading account assets
$54Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$183All other assets
$20,771Total liabilities and capital
$18,902Total liabilities
$18,776Total deposits
$16,643Interest-bearing deposits
$18,776Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$126All other liabilities
$1,869Total equity capital
$1,869Total bank equity capital
$1,869Perpetual preferred stock
$0Common stock
$373Surplus
$200Undivided profits
Memoranda
$1,296Noncurrent loans and leases
$762Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$129Earning assets
$114Long-term assets (5+ years)
$106Average Assets, year-to-date
$19,968Average Assets, quarterly
$434Volatile liabilities
$22,248Insider loans
$20,642FHLB advances
$1,296Loans and leases held for sale
$50Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$79Total risk weighted assets
$762Total unused commitments
$0Restructured Loans and leases
$92Derivatives
Income and Expense (December 31, 2003)
Dollar figures in thousands
$1,159Total interest income
$463Total interest expense
$696Net interest income
-$35Provision for loan and lease losses
$136Total noninterest income
$0Fiduciary activities
$45Service charges on deposit accounts
$0Trading account gains & fees
$91Additional noninterest income
$829Total noninterest expense
$510Salaries and employee benefits
$113Premises and equipment expense
$206Additional noninterest expense
$38Pre-tax net operating income
$0Securities gains (losses)
$5Applicable income taxes
$33Income before extraordinary items
$0Extraordinary gains - net
$33Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$39Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2003)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.45%Yield on earning assets
2.18%Cost of funding earning assets
3.27%Net interest margin
0.64%Noninterest income to earning assets
3.90%Noninterest expense to earning assets
0.15%Net operating income to assets
0.15%Return on assets (ROA)
0.17%Pretax return on assets
1.86%Return on equity (ROE)
1.86%Retained earnings to average equity (YTD only)
-0.36%Net charge-offs to loans
89.74%Credit loss provision to net charge-offs
0.00%Efficiency ratio
99,639Assets per employee
1.89%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.23%Loss allowance to noncurrent loans
158.14%Noncurrent assets plus other real estate owned to assets
0.62%Noncurrent loans to loans
1.41%Net loans and leases to deposits
47.65%Net loans and leases to core deposits
51.18%Equity capital to assets
9.00%Core capital (leverage) ratio
9.01%Tier 1 risk-based capital ratio
25.65%Total risk-based capital ratio
Memoranda
$27Average assets
$22,248Average earning assets
$1,773Average equity
$21,282Average loans
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