FDIC Certificate #: 13991 Status: Inactive Federal Reserve ID: 877042 Date Established: December 10, 1908 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) FDIC's unique #: 8750 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: March 04, 1934 Last Structure Change Effective Date: August 05, 2009 Last Structure Change Process Date: September 16, 2009 Last Data Update: September 16, 2009 Data Source Date: April 05, 2012
Location
Address: 860 2nd Av Southeast, Cedar Rapids, IA 52401 County: Linn 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 Metropolitan Statistical Area (MSA): Cedar Rapids, IA (#1360) Core Based Statistical Area (CBSA): Cedar Rapids, IA (#16300) CBSA Metro Statistical Area: Cedar Rapids, IA (#16300)
History of Changes
Other Liquidations and Closings
Office Sold
Financial Summary
Total assets: $24.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
7Total employees (full-time equivalent)
$29,342Total assets
$2,340Cash and due from depository institutions
$0Interest-bearing balances
$0Securities
$0Federal funds sold & reverse repurchase agreements
$26,301Net loans & leases
$220Loan loss allowance
$0Trading account assets
$263Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$438All other assets
$29,342Total liabilities and capital
$24,118Total liabilities
$21,694Total deposits
$17,355Interest-bearing deposits
$21,694Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$2,250Other borrowed funds
$0Subordinated debt
$174All other liabilities
$5,224Total equity capital
$5,224Total bank equity capital
$5,224Perpetual preferred stock
$0Common stock
$100Surplus
$1,150Undivided profits
Memoranda
$3,974Noncurrent loans and leases
$8,257Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,047Earning assets
$0Long-term assets (5+ years)
$208Average Assets, year-to-date
$26,301Average Assets, quarterly
$4,958Volatile liabilities
$30,919Insider loans
$29,895FHLB advances
$1,446Loans and leases held for sale
$332Unused loan commitments
$2,250Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$8,257Total unused commitments
$0Restructured Loans and leases
$221Derivatives
Income and Expense (December 31, 2008)
Dollar figures in thousands
$1,643Total interest income
$542Total interest expense
$1,101Net interest income
$424Provision for loan and lease losses
$89Total noninterest income
$8Fiduciary activities
$17Service charges on deposit accounts
$0Trading account gains & fees
$64Additional noninterest income
$1,143Total noninterest expense
$448Salaries and employee benefits
$578Premises and equipment expense
$117Additional noninterest expense
-$377Pre-tax net operating income
$0Securities gains (losses)
$160Applicable income taxes
-$537Income before extraordinary items
$0Extraordinary gains - net
-$537Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$425Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2008)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.88%Yield on earning assets
1.94%Cost of funding earning assets
3.94%Net interest margin
0.32%Noninterest income to earning assets
4.09%Noninterest expense to earning assets
-1.74%Net operating income to assets
-1.74%Return on assets (ROA)
-1.22%Pretax return on assets
-9.32%Return on equity (ROE)
-9.32%Retained earnings to average equity (YTD only)
1.55%Net charge-offs to loans
99.76%Credit loss provision to net charge-offs
0.11%Efficiency ratio
96,050Assets per employee
4.19%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.83%Loss allowance to noncurrent loans
21.01%Noncurrent assets plus other real estate owned to assets
3.57%Noncurrent loans to loans
3.95%Net loans and leases to deposits
121.24%Net loans and leases to core deposits
129.89%Equity capital to assets
17.80%Core capital (leverage) ratio
17.46%Tier 1 risk-based capital ratio
20.77%Total risk-based capital ratio
Memoranda
$22Average assets
$30,919Average earning assets
$5,759Average equity
$27,941Average 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
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