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- Banks in Iowa (IA)
- The First State Bank
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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- Banks in Iowa (IA)
- The First State Bank
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