VisionBank of Iowa in Grimes, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 01, 2010

  • VisionBank of Iowa in Grimes, Iowa (IA)
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VisionBank of Iowa - Overview

  • General
  • FDIC Certificate #: 58478
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: AMES COMMUNITY BANK (#11763)
    Federal Reserve ID: 3462092
    Date Established: October 13, 2006
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 1 (Interstate: No)
    FDIC's unique #: 453359
    Numeric code: 13
    Regulator: FED
    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: October 13, 2006
    Last Structure Change Effective Date: May 01, 2010
    Last Structure Change Process Date: June 07, 2010
    Last Data Update: June 07, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 925 Se Gateway Dr., Grimes, IA 50111
    County: Polk
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Des Moines
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Metropolitan Statistical Area (MSA): Des Moines, IA (#2120)
    Combined Statistical Area (CSA): Des Moines-Newton-Pella, IA (#218)
    Core Based Statistical Area (CBSA): Des Moines-West Des Moines, IA (#19780)
    CBSA Metro Statistical Area: Des Moines-West Des Moines, IA (#19780)
  • Financial Summary
  • Total assets: $87.1 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, 2009)

  • Dollar figures in thousands
  • 15Total employees (full-time equivalent)
  • $93,062Total assets
  • $12,120Cash and due from depository institutions
  • $10,775Interest-bearing balances
  • $5,587Securities
  • $103Federal funds sold & reverse repurchase agreements
  • $67,266Net loans & leases
  • $4,452Loan loss allowance
  • $0Trading account assets
  • $614Bank premises and fixed assets
  • $6,143Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $1,229All other assets
  • $93,062Total liabilities and capital
  • $86,126Total liabilities
  • $83,632Total deposits
  • $78,430Interest-bearing deposits
  • $83,632Deposits held in domestic offices
  • 76.34%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $2,000Other borrowed funds
  • $0Subordinated debt
  • $494All other liabilities
  • $6,936Total equity capital
  • $6,936Total bank equity capital
  • $6,936Perpetual preferred stock
  • $0Common stock
  • $7,100Surplus
  • $11,350Undivided profits
  • Memoranda
  • $-11,514Noncurrent loans and leases
  • $5,395Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $8,396Earning assets
  • $0Long-term assets (5+ years)
  • $270Average Assets, year-to-date
  • $83,731Average Assets, quarterly
  • $8,210Volatile liabilities
  • $102,467Insider loans
  • $90,861FHLB advances
  • $30,061Loans and leases held for sale
  • $190Unused loan commitments
  • $2,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $5,395Total unused commitments
  • $1,832Restructured Loans and leases
  • $934Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $5,109Total interest income
  • $2,766Total interest expense
  • $2,343Net interest income
  • $5,986Provision for loan and lease losses
  • -$582Total noninterest income
  • $0Fiduciary activities
  • $57Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$639Additional noninterest income
  • $3,509Total noninterest expense
  • $1,502Salaries and employee benefits
  • $967Premises and equipment expense
  • $1,040Additional noninterest expense
  • -$7,734Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • -$7,734Income before extraordinary items
  • $0Extraordinary gains - net
  • -$7,734Net income attributable to bank
  • $0Net charge-offs
  • -$7,734Cash dividends
  • $3,445Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.56%Yield on earning assets
  • 3.01%Cost of funding earning assets
  • 2.55%Net interest margin
  • -0.63%Noninterest income to earning assets
  • 3.82%Noninterest expense to earning assets
  • -7.55%Net operating income to assets
  • -7.55%Return on assets (ROA)
  • -7.55%Pretax return on assets
  • -89.32%Return on equity (ROE)
  • -89.32%Retained earnings to average equity (YTD only)
  • 4.32%Net charge-offs to loans
  • 173.76%Credit loss provision to net charge-offs
  • -0.51%Efficiency ratio
  • 199,262Assets per employee
  • 6.20%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 6.21%Loss allowance to noncurrent loans
  • 53.03%Noncurrent assets plus other real estate owned to assets
  • 15.62%Noncurrent loans to loans
  • 11.71%Net loans and leases to deposits
  • 80.43%Net loans and leases to core deposits
  • 121.05%Equity capital to assets
  • 7.45%Core capital (leverage) ratio
  • 7.30%Tier 1 risk-based capital ratio
  • 9.62%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $102,467Average earning assets
  • $8,659Average equity
  • $91,810Average loans

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