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

This bank is inactive as of July 01, 1999

  • The Ossian State Bank in Ossian, Iowa (IA)
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The Ossian State Bank - Overview

  • General
  • FDIC Certificate #: 10901
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Security State Bank (#10893)
    Federal Reserve ID: 71242
    Date Established: Febuary 08, 1880
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 1 (Interstate: No)
    FDIC's unique #: 6981
    Numeric code: 13
    Regulator: FED
    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: January 01, 1934
    Last Structure Change Effective Date: July 01, 1999
    Last Structure Change Process Date: August 11, 1999
    Last Data Update: August 11, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: Main Street, Ossian, IA 52161
    County: Winneshiek
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Minneapolis
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
  • Financial Summary
  • Total assets: $21.5 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, 1998)

  • Dollar figures in thousands
  • 9Total employees (full-time equivalent)
  • $22,989Total assets
  • $507Cash and due from depository institutions
  • $0Interest-bearing balances
  • $14,144Securities
  • $1,515Federal funds sold & reverse repurchase agreements
  • $4,858Net loans & leases
  • $93Loan loss allowance
  • $0Trading account assets
  • $565Bank premises and fixed assets
  • $0Other real estate owned
  • $1,189Goodwill and other intangibles
  • $0Life insurance assets
  • $211All other assets
  • $22,989Total liabilities and capital
  • $20,013Total liabilities
  • $19,527Total deposits
  • $17,067Interest-bearing deposits
  • $19,527Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $486All other liabilities
  • $2,976Total equity capital
  • $2,976Total bank equity capital
  • $2,976Perpetual preferred stock
  • $0Common stock
  • $70Surplus
  • $2,598Undivided profits
  • Memoranda
  • $308Noncurrent loans and leases
  • $0Noncurrent 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)
  • $65Average Assets, year-to-date
  • $20,517Average Assets, quarterly
  • $10,308Volatile liabilities
  • $22,496Insider loans
  • $21,808FHLB advances
  • $100Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $0Restructured Loans and leases
  • $9,963Derivatives

Income and Expense (December 31, 1998)

  • Dollar figures in thousands
  • $707Total interest income
  • $425Total interest expense
  • $282Net interest income
  • -$2Provision for loan and lease losses
  • $42Total noninterest income
  • $0Fiduciary activities
  • $35Service charges on deposit accounts
  • $0Trading account gains & fees
  • $7Additional noninterest income
  • $301Total noninterest expense
  • $155Salaries and employee benefits
  • $37Premises and equipment expense
  • $109Additional noninterest expense
  • $25Pre-tax net operating income
  • $20Securities gains (losses)
  • $0Applicable income taxes
  • $45Income before extraordinary items
  • $0Extraordinary gains - net
  • $45Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $6Sale, conversion, retirement of capital stock, net
  • $3,400Net operating income

Performance and Condition Ratios (December 31, 1998)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.41%Yield on earning assets
  • 2.05%Cost of funding earning assets
  • 1.36%Net interest margin
  • 0.20%Noninterest income to earning assets
  • 1.45%Noninterest expense to earning assets
  • 0.11%Net operating income to assets
  • 0.20%Return on assets (ROA)
  • 0.20%Pretax return on assets
  • 1.36%Return on equity (ROE)
  • -101.35%Retained earnings to average equity (YTD only)
  • 0.11%Net charge-offs to loans
  • -33.33%Credit loss provision to net charge-offs
  • 3.83%Efficiency ratio
  • 80,247Assets per employee
  • 2.55%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 7555.56%Loss allowance to loans
  • 1.88%Loss allowance to noncurrent loans
  • 9300.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.02%Net loans and leases to deposits
  • 24.88%Net loans and leases to core deposits
  • 25.01%Equity capital to assets
  • 12.95%Core capital (leverage) ratio
  • 7.08%Tier 1 risk-based capital ratio
  • 15.30%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $22,496Average earning assets
  • $3,310Average equity
  • $20,717Average loans

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