Vantus Bank in Sioux City, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 04, 2009

  • Vantus Bank in Sioux City, Iowa (IA)
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Vantus Bank - Overview

  • General
  • FDIC Certificate #: 27732
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Great Southern Bank (#29546)
    Federal Reserve ID: 219772
    Date Established: January 01, 1923
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 190
    FDIC's unique #: 40566
    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: July 01, 1935
    Last Structure Change Effective Date: September 04, 2009
    Last Structure Change Process Date: September 08, 2009
    Last Data Update: September 08, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 329 Pierce Street, Sioux City, IA 51101
    County: Woodbury
    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
    Metropolitan Statistical Area (MSA): Sioux City, IA-NE (#7720)
    Combined Statistical Area (CSA): Sioux City-Vermillion, IA-NE-SD (#512)
    Core Based Statistical Area (CBSA): Sioux City, IA-NE-SD (#43580)
    CBSA Metro Statistical Area: Sioux City, IA-NE-SD (#43580)
  • History of Changes
  • Absorption - Assisted
    Corrections
  • Financial Summary
  • Total assets: $503.6 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
  • 196Total employees (full-time equivalent)
  • $523,714Total assets
  • $24,001Cash and due from depository institutions
  • $10,673Interest-bearing balances
  • $72,364Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $364,761Net loans & leases
  • $4,257Loan loss allowance
  • $0Trading account assets
  • $16,534Bank premises and fixed assets
  • $8,590Other real estate owned
  • $526Goodwill and other intangibles
  • $12,739Life insurance assets
  • $36,938All other assets
  • $523,714Total liabilities and capital
  • $498,589Total liabilities
  • $371,565Total deposits
  • $354,840Interest-bearing deposits
  • $371,565Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $8,494Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $113,750Other borrowed funds
  • $0Subordinated debt
  • $4,780All other liabilities
  • $25,125Total equity capital
  • $25,125Total bank equity capital
  • $25,125Perpetual preferred stock
  • $0Common stock
  • $1Surplus
  • $32,809Undivided profits
  • Memoranda
  • $-7,685Noncurrent loans and leases
  • $43,618Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $10,435Earning assets
  • $0Long-term assets (5+ years)
  • $2,427Average Assets, year-to-date
  • $447,798Average Assets, quarterly
  • $0Volatile liabilities
  • $571,846Insider loans
  • $536,569FHLB advances
  • $149,096Loans and leases held for sale
  • $740Unused loan commitments
  • $113,750Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $43,618Total unused commitments
  • $13,688Restructured Loans and leases
  • $4,257Derivatives

Income and Expense (December 31, 2008)

  • Dollar figures in thousands
  • $31,291Total interest income
  • $14,404Total interest expense
  • $16,887Net interest income
  • $13,759Provision for loan and lease losses
  • $10,625Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $10,625Additional noninterest income
  • $38,784Total noninterest expense
  • $11,717Salaries and employee benefits
  • $4,139Premises and equipment expense
  • $22,928Additional noninterest expense
  • -$25,031Pre-tax net operating income
  • $684Securities gains (losses)
  • -$2,525Applicable income taxes
  • -$21,822Income before extraordinary items
  • $0Extraordinary gains - net
  • -$21,822Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $3,383Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2008)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.29%Yield on earning assets
  • 2.90%Cost of funding earning assets
  • 3.39%Net interest margin
  • 2.14%Noninterest income to earning assets
  • 7.80%Noninterest expense to earning assets
  • -3.92%Net operating income to assets
  • -3.82%Return on assets (ROA)
  • -4.26%Pretax return on assets
  • -54.16%Return on equity (ROE)
  • -54.16%Retained earnings to average equity (YTD only)
  • 0.84%Net charge-offs to loans
  • 406.71%Credit loss provision to net charge-offs
  • -3.33%Efficiency ratio
  • 73,866Assets per employee
  • 2.67%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.15%Loss allowance to noncurrent loans
  • 40.80%Noncurrent assets plus other real estate owned to assets
  • 3.63%Noncurrent loans to loans
  • 2.83%Net loans and leases to deposits
  • 98.17%Net loans and leases to core deposits
  • 105.82%Equity capital to assets
  • 4.80%Core capital (leverage) ratio
  • 7.96%Tier 1 risk-based capital ratio
  • 9.86%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $571,846Average earning assets
  • $40,292Average equity
  • $497,498Average loans

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