FDIC Certificate #: 25866 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:State Savings Bank (#14773) Federal Reserve ID: 834045 Date Established: January 25, 1985 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) FDIC's unique #: 32106 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: January 25, 1985 Last Structure Change Effective Date: October 01, 2011 Last Structure Change Process Date: October 07, 2011 Last Data Update: October 07, 2011 Data Source Date: April 05, 2012
Location
Address: 200 South Second Street, Cherokee, IA 51012 County: Cherokee Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Sioux City Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: Western
Financial Summary
Total assets: $29.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2010)
Dollar figures in thousands
13Total employees (full-time equivalent)
$30,541Total assets
$1,166Cash and due from depository institutions
$245Interest-bearing balances
$408Securities
$4,065Federal funds sold & reverse repurchase agreements
$24,006Net loans & leases
$387Loan loss allowance
$0Trading account assets
$212Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$684All other assets
$30,541Total liabilities and capital
$27,986Total liabilities
$27,921Total deposits
$24,999Interest-bearing deposits
$27,921Deposits held in domestic offices
94.96%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$65All other liabilities
$2,555Total equity capital
$2,555Total bank equity capital
$2,555Perpetual preferred stock
$0Common stock
$200Surplus
$1,525Undivided profits
Memoranda
$830Noncurrent loans and leases
$2,696Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$323Earning assets
$0Long-term assets (5+ years)
$311Average Assets, year-to-date
$28,724Average Assets, quarterly
$2,981Volatile liabilities
$29,051Insider loans
$29,567FHLB advances
$4,664Loans and leases held for sale
$647Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$2,696Total unused commitments
$0Restructured Loans and leases
$280Derivatives
Income and Expense (December 31, 2010)
Dollar figures in thousands
$1,653Total interest income
$339Total interest expense
$1,314Net interest income
$345Provision for loan and lease losses
$147Total noninterest income
$3Fiduciary activities
$114Service charges on deposit accounts
$0Trading account gains & fees
$30Additional noninterest income
$964Total noninterest expense
$573Salaries and employee benefits
$172Premises and equipment expense
$219Additional noninterest expense
$152Pre-tax net operating income
$0Securities gains (losses)
$8Applicable income taxes
$144Income before extraordinary items
$0Extraordinary gains - net
$144Net income attributable to bank
$0Net charge-offs
$144Cash dividends
$243Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2010)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.06%Yield on earning assets
1.24%Cost of funding earning assets
4.82%Net interest margin
0.54%Noninterest income to earning assets
3.54%Noninterest expense to earning assets
0.50%Net operating income to assets
0.50%Return on assets (ROA)
0.52%Pretax return on assets
5.78%Return on equity (ROE)
5.78%Retained earnings to average equity (YTD only)
0.96%Net charge-offs to loans
141.98%Credit loss provision to net charge-offs
2.05%Efficiency ratio
65,982Assets per employee
2.35%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.59%Loss allowance to noncurrent loans
119.81%Noncurrent assets plus other real estate owned to assets
1.06%Noncurrent loans to loans
1.32%Net loans and leases to deposits
85.98%Net loans and leases to core deposits
103.22%Equity capital to assets
8.37%Core capital (leverage) ratio
8.66%Tier 1 risk-based capital ratio
11.46%Total risk-based capital ratio
Memoranda
$13Average assets
$29,051Average earning assets
$2,492Average equity
$27,259Average loans
Total Fiduciary and Related Assets (December 31, 2010)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
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