The First State Bank in Conrad, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 09, 2008

The First State Bank in Conrad, Iowa (IA)
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The First State Bank - Overview

General
FDIC Certificate #: 14771
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: MidWestOne Bank (#14843)
Federal Reserve ID: 836142
Date Established: September 24, 1934
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Interstate: No)
OTS Docket #: 13022
FDIC's unique #: 9238
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
State Chartered: Yes
Date of Deposit Insurance: September 29, 1934
Last Structure Change Effective Date: August 09, 2008
Last Structure Change Process Date: August 18, 2008
Last Data Update: August 18, 2008
Data Source Date: April 05, 2012
Location
Address: 120 West Center, Conrad, IA 50621
County: Grundy
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
Core Based Statistical Area (CBSA): Waterloo-Cedar Falls, IA (#47940)
CBSA Metro Statistical Area: Waterloo-Cedar Falls, IA (#47940)
Financial Summary
Total assets: $121.8 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, 2007)

Dollar figures in thousands
31Total employees (full-time equivalent)
$108,656Total assets
$2,261Cash and due from depository institutions
$34Interest-bearing balances
$33,252Securities
$3,717Federal funds sold & reverse repurchase agreements
$60,394Net loans & leases
$1,462Loan loss allowance
$0Trading account assets
$2,153Bank premises and fixed assets
$0Other real estate owned
$4,391Goodwill and other intangibles
$0Life insurance assets
$2,488All other assets
$108,656Total liabilities and capital
$95,629Total liabilities
$84,445Total deposits
$74,087Interest-bearing deposits
$84,445Deposits held in domestic offices
0.00%% insured (estimated)
$1,422Federal funds purchased & repurchase agreements
$0Trading liabilities
$9,000Other borrowed funds
$0Subordinated debt
$762All other liabilities
$13,027Total equity capital
$13,027Total bank equity capital
$13,027Perpetual preferred stock
$0Common stock
$240Surplus
$12,405Undivided profits
Memoranda
$382Noncurrent loans and leases
$9,680Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$185Earning assets
$0Long-term assets (5+ years)
$1,252Average Assets, year-to-date
$97,397Average Assets, quarterly
$22,400Volatile liabilities
$108,198Insider loans
$107,522FHLB advances
$15,095Loans and leases held for sale
$415Unused loan commitments
$9,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$9,680Total unused commitments
$0Restructured Loans and leases
$892Derivatives

Income and Expense (December 31, 2007)

Dollar figures in thousands
$6,066Total interest income
$3,294Total interest expense
$2,772Net interest income
$0Provision for loan and lease losses
$1,133Total noninterest income
$81Fiduciary activities
$308Service charges on deposit accounts
$0Trading account gains & fees
$744Additional noninterest income
$2,764Total noninterest expense
$1,654Salaries and employee benefits
$401Premises and equipment expense
$709Additional noninterest expense
$1,141Pre-tax net operating income
$0Securities gains (losses)
$222Applicable income taxes
$919Income before extraordinary items
$0Extraordinary gains - net
$919Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$52Sale, conversion, retirement of capital stock, net
$850Net operating income

Performance and Condition Ratios (December 31, 2007)

Dollar figures in thousands
Performance Ratios (%, annualized)
6.24%Yield on earning assets
3.39%Cost of funding earning assets
2.85%Net interest margin
1.17%Noninterest income to earning assets
2.84%Noninterest expense to earning assets
0.85%Net operating income to assets
0.85%Return on assets (ROA)
1.05%Pretax return on assets
7.23%Return on equity (ROE)
0.54%Retained earnings to average equity (YTD only)
0.08%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
21.94%Efficiency ratio
70,551Assets per employee
3.51%Cash dividends to net income (YTD only)
Condition Ratios (%)
92.49%Loss allowance to loans
2.36%Loss allowance to noncurrent loans
790.27%Noncurrent assets plus other real estate owned to assets
0.17%Noncurrent loans to loans
0.30%Net loans and leases to deposits
71.52%Net loans and leases to core deposits
82.99%Equity capital to assets
11.99%Core capital (leverage) ratio
8.48%Tier 1 risk-based capital ratio
12.42%Total risk-based capital ratio
Memoranda
$14Average assets
$108,198Average earning assets
$12,715Average equity
$97,193Average loans

Total Fiduciary and Related Assets (December 31, 2007)

Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
YesFiduciary powers granted
YesFiduciary or related activity
$19,534Managed Assets
1Number of Accounts
$17,192Personal trust and agency accounts
$6,390Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$0Other retirement accounts
$1,894Corporate trust and agency accounts
$0Investment management agency accounts
$8,908Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
$0Non-managed Assets
52Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$2,342Other retirement accounts
$1,964Corporate trust and agency accounts
$0Other fiduciary accounts
$378Fiduciary accounts held in foreign offices

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