Two Rivers Bank & Trust in Burlington, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 01, 2009

  • Two Rivers Bank & Trust in Burlington, Iowa (IA)
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Two Rivers Bank & Trust - Overview

  • General
  • FDIC Certificate #: 11760
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Two Rivers Bank & Trust (#58013)
    Federal Reserve ID: 748647
    Date Established: July 18, 1904
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 18034
    FDIC's unique #: 7521
    Numeric code: 33
    Regulator: OTS
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: July 01, 2009
    Last Structure Change Process Date: August 14, 2009
    Last Data Update: August 14, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 222 North Main Street, Burlington, IA 52601
    County: Des Moines
    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
    Core Based Statistical Area (CBSA): Burlington, IA-IL (#15460)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $315.5 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, 2008)

  • Dollar figures in thousands
  • 83Total employees (full-time equivalent)
  • $283,178Total assets
  • $10,531Cash and due from depository institutions
  • $16Interest-bearing balances
  • $45,369Securities
  • $6,178Federal funds sold & reverse repurchase agreements
  • $202,406Net loans & leases
  • $2,154Loan loss allowance
  • $0Trading account assets
  • $5,687Bank premises and fixed assets
  • $955Other real estate owned
  • $4,422Goodwill and other intangibles
  • $4,724Life insurance assets
  • $7,630All other assets
  • $283,178Total liabilities and capital
  • $253,047Total liabilities
  • $221,109Total deposits
  • $207,112Interest-bearing deposits
  • $221,109Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $25,122Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $4,500Other borrowed funds
  • $0Subordinated debt
  • $2,316All other liabilities
  • $30,131Total equity capital
  • $30,131Total bank equity capital
  • $30,131Perpetual preferred stock
  • $0Common stock
  • $792Surplus
  • $13,876Undivided profits
  • Memoranda
  • $15,463Noncurrent loans and leases
  • $51,943Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $636Earning assets
  • $0Long-term assets (5+ years)
  • $1,821Average Assets, year-to-date
  • $253,969Average Assets, quarterly
  • $0Volatile liabilities
  • $283,554Insider loans
  • $279,163FHLB advances
  • $53,550Loans and leases held for sale
  • $6,860Unused loan commitments
  • $4,500Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $49,155Total unused commitments
  • $88Restructured Loans and leases
  • $2,154Derivatives

Income and Expense (December 31, 2008)

  • Dollar figures in thousands
  • $14,385Total interest income
  • $5,260Total interest expense
  • $9,125Net interest income
  • $195Provision for loan and lease losses
  • $14,607Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $14,607Additional noninterest income
  • $16,632Total noninterest expense
  • $10,857Salaries and employee benefits
  • $2,449Premises and equipment expense
  • $3,326Additional noninterest expense
  • $6,905Pre-tax net operating income
  • -$439Securities gains (losses)
  • $2,220Applicable income taxes
  • $4,246Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,246Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $93Sale, conversion, retirement of capital stock, net
  • $1,750Net operating income

Performance and Condition Ratios (December 31, 2008)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.79%Yield on earning assets
  • 2.12%Cost of funding earning assets
  • 3.67%Net interest margin
  • 5.88%Noninterest income to earning assets
  • 6.70%Noninterest expense to earning assets
  • 1.60%Net operating income to assets
  • 1.50%Return on assets (ROA)
  • 2.28%Pretax return on assets
  • 13.54%Return on equity (ROE)
  • 7.96%Retained earnings to average equity (YTD only)
  • 0.05%Net charge-offs to loans
  • 209.68%Credit loss provision to net charge-offs
  • 76.34%Efficiency ratio
  • 69,944Assets per employee
  • 3.41%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 41.22%Loss allowance to loans
  • 1.05%Loss allowance to noncurrent loans
  • 338.68%Noncurrent assets plus other real estate owned to assets
  • 0.56%Noncurrent loans to loans
  • 0.31%Net loans and leases to deposits
  • 91.54%Net loans and leases to core deposits
  • 102.65%Equity capital to assets
  • 10.64%Core capital (leverage) ratio
  • 9.11%Tier 1 risk-based capital ratio
  • 12.27%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $283,554Average earning assets
  • $31,349Average equity
  • $248,322Average loans

Total Fiduciary and Related Assets (December 31, 2008)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $250,684Managed Assets
  • 1Number of Accounts
  • $212,142Personal trust and agency accounts
  • $60,268Employee benefit-defined contribution accounts
  • $14,268Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $53,987Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $83,619Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 920Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $38,542Other retirement accounts
  • $3,859Corporate trust and agency accounts
  • $23,626Other fiduciary accounts
  • $7,642Fiduciary accounts held in foreign offices

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