West Branch State Bank in West Branch, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 15, 1997

West Branch State Bank in West Branch, Iowa (IA)
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West Branch State Bank - Overview

General
FDIC Certificate #: 14788
Status: Inactive
Closing history: Corrections
Acquiring institution: First National Bank Iowa (#4469)
Federal Reserve ID: 501048
Date Established: January 01, 1875
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
OTS Docket #: 12415
FDIC's unique #: 9250
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: August 26, 1934
Last Structure Change Effective Date: December 15, 1997
Last Structure Change Process Date: December 31, 1997
Last Data Update: January 07, 1998
Data Source Date: April 05, 2012
Location
Address: 127 West Main Street, West Branch, IA 52358
County: Cedar
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
History of Changes
Merger - Without Assistance
Corrections
Financial Summary
Total assets: $40.0 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

Dollar figures in thousands
0Total employees (full-time equivalent)
$13Total assets
$38,749Cash and due from depository institutions
$1,149Interest-bearing balances
$0Securities
$14,136Federal funds sold & reverse repurchase agreements
$1,900Net loans & leases
$20,678Loan loss allowance
$646Trading account assets
$0Bank premises and fixed assets
$249Other real estate owned
$0Goodwill and other intangibles
$617Life insurance assets
$20All other assets
$0Total liabilities and capital
$38,749Total liabilities
$33,022Total deposits
$31,456Interest-bearing deposits
$28,492Deposits held in domestic offices
31456.00%% insured (estimated)
$97Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$1,088Subordinated debt
$0All other liabilities
$478Total equity capital
$478Total bank equity capital
$5,727Perpetual preferred stock
$0Common stock
$200Surplus
$2,300Undivided profits
Memoranda
$3,227Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$33Income earned, not collected on loans
$366Earning assets
$36,714Long-term assets (5+ years)
$5,235Average Assets, year-to-date
$38,061Average Assets, quarterly
$38,089Volatile liabilities
$2,507Insider loans
$159FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$1,668Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$5,674Total risk weighted assets
$20,819Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$2,838Total interest expense
$1,498Net interest income
$1,340Provision for loan and lease losses
$0Total noninterest income
$233Fiduciary activities
$0Service charges on deposit accounts
$71Trading account gains & fees
$0Additional noninterest income
$162Total noninterest expense
$910Salaries and employee benefits
$589Premises and equipment expense
$84Additional noninterest expense
$237Pre-tax net operating income
$663Securities gains (losses)
$0Applicable income taxes
$192Income before extraordinary items
$471Extraordinary gains - net
$0Net income attributable to bank
$471Net charge-offs
$15Cash dividends
$230Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1996)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.92%Cost of funding earning assets
4.18%Net interest margin
3.74%Noninterest income to earning assets
0.65%Noninterest expense to earning assets
2.54%Net operating income to assets
1.24%Return on assets (ROA)
1.24%Pretax return on assets
1.74%Return on equity (ROE)
8.43%Retained earnings to average equity (YTD only)
4.31%Net charge-offs to loans
0.07%Credit loss provision to net charge-offs
0.00%Efficiency ratio
57,724Assets per employee
2.98%Cash dividends to net income (YTD only)
Condition Ratios (%)
48.83%Loss allowance to loans
3.03%Loss allowance to noncurrent loans
1957.58%Noncurrent assets plus other real estate owned to assets
0.09%Noncurrent loans to loans
0.15%Net loans and leases to deposits
65.74%Net loans and leases to core deposits
70.24%Equity capital to assets
14.78%Core capital (leverage) ratio
14.77%Tier 1 risk-based capital ratio
27.25%Total risk-based capital ratio
Memoranda
$29Average assets
$38,061Average earning assets
$5,589Average equity
$35,812Average loans

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