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

This bank is inactive as of December 06, 2002

  • West Burlington Bank in West Burlington, Iowa (IA)
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West Burlington Bank - Overview

  • General
  • FDIC Certificate #: 12129
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Farmers & Merchants Bank & Trust (#13737)
    Federal Reserve ID: 439141
    Date Established: January 01, 1907
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Interstate: No)
    FDIC's unique #: 7707
    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: January 01, 1934
    Last Structure Change Effective Date: December 06, 2002
    Last Structure Change Process Date: January 09, 2003
    Last Data Update: January 09, 2003
    Data Source Date: April 05, 2012
  • Location
  • Address: 101 Broadway Street, West Burlington, IA 52655
    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: $63.9 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, 2001)

  • Dollar figures in thousands
  • 24Total employees (full-time equivalent)
  • $56,888Total assets
  • $3,801Cash and due from depository institutions
  • $1,775Interest-bearing balances
  • $21,557Securities
  • $875Federal funds sold & reverse repurchase agreements
  • $28,936Net loans & leases
  • $249Loan loss allowance
  • $0Trading account assets
  • $976Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $743All other assets
  • $56,888Total liabilities and capital
  • $51,484Total liabilities
  • $49,527Total deposits
  • $41,669Interest-bearing deposits
  • $49,527Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $1,762Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $195All other liabilities
  • $5,404Total equity capital
  • $5,404Total bank equity capital
  • $5,404Perpetual preferred stock
  • $0Common stock
  • $93Surplus
  • $1,900Undivided profits
  • Memoranda
  • $3,411Noncurrent loans and leases
  • $1,488Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $432Earning assets
  • $0Long-term assets (5+ years)
  • $534Average Assets, year-to-date
  • $53,143Average Assets, quarterly
  • $6,687Volatile liabilities
  • $54,253Insider loans
  • $56,072FHLB advances
  • $3,727Loans and leases held for sale
  • $873Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $1,488Total unused commitments
  • $0Restructured Loans and leases
  • $249Derivatives

Income and Expense (December 31, 2001)

  • Dollar figures in thousands
  • $3,564Total interest income
  • $1,646Total interest expense
  • $1,918Net interest income
  • $60Provision for loan and lease losses
  • $500Total noninterest income
  • $11Fiduciary activities
  • $285Service charges on deposit accounts
  • $0Trading account gains & fees
  • $204Additional noninterest income
  • $1,788Total noninterest expense
  • $947Salaries and employee benefits
  • $268Premises and equipment expense
  • $573Additional noninterest expense
  • $570Pre-tax net operating income
  • $0Securities gains (losses)
  • $29Applicable income taxes
  • $541Income before extraordinary items
  • $0Extraordinary gains - net
  • $541Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $28Sale, conversion, retirement of capital stock, net
  • $363Net operating income

Performance and Condition Ratios (December 31, 2001)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.05%Yield on earning assets
  • 3.25%Cost of funding earning assets
  • 3.79%Net interest margin
  • 0.99%Noninterest income to earning assets
  • 3.54%Noninterest expense to earning assets
  • 1.00%Net operating income to assets
  • 1.00%Return on assets (ROA)
  • 1.05%Pretax return on assets
  • 10.39%Return on equity (ROE)
  • 3.42%Retained earnings to average equity (YTD only)
  • 0.10%Net charge-offs to loans
  • 214.29%Credit loss provision to net charge-offs
  • 22.50%Efficiency ratio
  • 73,945Assets per employee
  • 2.37%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 67.10%Loss allowance to loans
  • 0.85%Loss allowance to noncurrent loans
  • 57.64%Noncurrent assets plus other real estate owned to assets
  • 0.76%Noncurrent loans to loans
  • 1.48%Net loans and leases to deposits
  • 58.42%Net loans and leases to core deposits
  • 60.84%Equity capital to assets
  • 9.50%Core capital (leverage) ratio
  • 8.82%Tier 1 risk-based capital ratio
  • 15.31%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $54,253Average earning assets
  • $5,207Average equity
  • $50,572Average loans

Total Fiduciary and Related Assets (December 31, 2001)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $5,468Managed Assets
  • 1Number of Accounts
  • $5,442Personal trust and agency accounts
  • $3,074Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $2,368Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 21Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $26Other retirement accounts
  • $26Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

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