FDIC Certificate #: 30040 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First Federal Savings Bank of Iowa (#30742) Federal Reserve ID: 735571 Date Established: January 01, 1938 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 4611 FDIC's unique #: 42874 Numeric code: 33 Regulator: OTS Insurance Fund Membership: Savings Association Insurance Fund (SAIF) FDIC Insured: Yes SAIF Insured: Yes Insured Savings Institution: Yes State Chartered: No Date of Deposit Insurance: March 27, 1939 Last Structure Change Effective Date: January 30, 1998 Last Structure Change Process Date: March 20, 1998 Last Data Update: March 20, 1998 Data Source Date: April 05, 2012
Location
Address: 321 North Third St, 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: $108.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
36Total employees (full-time equivalent)
$108,761Total assets
$4,422Cash and due from depository institutions
$641Interest-bearing balances
$41,630Securities
$750Federal funds sold & reverse repurchase agreements
$59,096Net loans & leases
$344Loan loss allowance
$0Trading account assets
$1,087Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,776All other assets
$108,761Total liabilities and capital
$100,328Total liabilities
$99,385Total deposits
$97,069Interest-bearing deposits
$99,385Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$943All other liabilities
$8,433Total equity capital
$8,433Total bank equity capital
$8,433Perpetual preferred stock
$0Common stock
$1,500Surplus
$1,500Undivided profits
Memoranda
$5,433Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$248Earning assets
$0Long-term assets (5+ years)
$353Average Assets, year-to-date
$102,117Average Assets, quarterly
$0Volatile liabilities
$108,994Insider loans
$110,071FHLB advances
$11,011Loans and leases held for sale
$114Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$2,169Total unused commitments
$0Restructured Loans and leases
$45,963Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$8,044Total interest income
$4,916Total interest expense
$3,128Net interest income
-$100Provision for loan and lease losses
$932Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$932Additional noninterest income
$2,372Total noninterest expense
$1,251Salaries and employee benefits
$475Premises and equipment expense
$646Additional noninterest expense
$1,788Pre-tax net operating income
$15Securities gains (losses)
$603Applicable income taxes
$1,200Income before extraordinary items
$0Extraordinary gains - net
$1,200Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$83Sale, conversion, retirement of capital stock, net
$575Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.83%Yield on earning assets
4.78%Cost of funding earning assets
3.04%Net interest margin
0.91%Noninterest income to earning assets
2.31%Noninterest expense to earning assets
1.09%Net operating income to assets
1.10%Return on assets (ROA)
1.65%Pretax return on assets
14.83%Return on equity (ROE)
7.72%Retained earnings to average equity (YTD only)
0.14%Net charge-offs to loans
-120.48%Credit loss provision to net charge-offs
20.34%Efficiency ratio
58,424Assets per employee
3.02%Cash dividends to net income (YTD only)
Condition Ratios (%)
47.92%Loss allowance to loans
0.58%Loss allowance to noncurrent loans
138.71%Noncurrent assets plus other real estate owned to assets
0.23%Noncurrent loans to loans
0.42%Net loans and leases to deposits
59.46%Net loans and leases to core deposits
66.87%Equity capital to assets
7.75%Core capital (leverage) ratio
7.57%Tier 1 risk-based capital ratio
17.87%Total risk-based capital ratio
Memoranda
$19Average assets
$108,994Average earning assets
$8,093Average equity
$102,740Average loans
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