FDIC Certificate #: 238 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Westside State Bank (#18518) Federal Reserve ID: 502643 Date Established: July 18, 1923 WWW:http://www.wsbankonline.com Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Interstate: No) FDIC's unique #: 191 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: March 31, 2005 Last Structure Change Process Date: April 07, 2005 Last Data Update: April 07, 2005 Data Source Date: April 05, 2012
Location
Address: Main Street, Westside, IA 51467 County: Crawford 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
Financial Summary
Total assets: $29.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2004)
Dollar figures in thousands
9Total employees (full-time equivalent)
$29,614Total assets
$903Cash and due from depository institutions
$39Interest-bearing balances
$3,947Securities
$1,582Federal funds sold & reverse repurchase agreements
$21,209Net loans & leases
$273Loan loss allowance
$0Trading account assets
$630Bank premises and fixed assets
$0Other real estate owned
$766Goodwill and other intangibles
$0Life insurance assets
$577All other assets
$29,614Total liabilities and capital
$26,574Total liabilities
$23,389Total deposits
$19,895Interest-bearing deposits
$23,389Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$2,995Other borrowed funds
$0Subordinated debt
$190All other liabilities
$3,040Total equity capital
$3,040Total bank equity capital
$3,040Perpetual preferred stock
$0Common stock
$150Surplus
$2,229Undivided profits
Memoranda
$661Noncurrent loans and leases
$5,160Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$142Earning assets
$0Long-term assets (5+ years)
$379Average Assets, year-to-date
$26,777Average Assets, quarterly
$5,094Volatile liabilities
$27,284Insider loans
$28,967FHLB advances
$4,414Loans and leases held for sale
$167Unused loan commitments
$2,995Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$5,160Total unused commitments
$0Restructured Loans and leases
$250Derivatives
Income and Expense (December 31, 2004)
Dollar figures in thousands
$1,481Total interest income
$349Total interest expense
$1,132Net interest income
$20Provision for loan and lease losses
$140Total noninterest income
$0Fiduciary activities
$107Service charges on deposit accounts
$0Trading account gains & fees
$33Additional noninterest income
$768Total noninterest expense
$387Salaries and employee benefits
$110Premises and equipment expense
$271Additional noninterest expense
$484Pre-tax net operating income
$0Securities gains (losses)
$166Applicable income taxes
$318Income before extraordinary items
$0Extraordinary gains - net
$318Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$8Sale, conversion, retirement of capital stock, net
$70Net operating income
Performance and Condition Ratios (December 31, 2004)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.04%Yield on earning assets
1.42%Cost of funding earning assets
4.62%Net interest margin
0.57%Noninterest income to earning assets
3.13%Noninterest expense to earning assets
1.17%Net operating income to assets
1.17%Return on assets (ROA)
1.77%Pretax return on assets
10.91%Return on equity (ROE)
8.51%Retained earnings to average equity (YTD only)
0.04%Net charge-offs to loans
250.00%Credit loss provision to net charge-offs
63.00%Efficiency ratio
60,377Assets per employee
3.29%Cash dividends to net income (YTD only)
Condition Ratios (%)
22.01%Loss allowance to loans
1.27%Loss allowance to noncurrent loans
192.25%Noncurrent assets plus other real estate owned to assets
0.48%Noncurrent loans to loans
0.66%Net loans and leases to deposits
90.68%Net loans and leases to core deposits
105.73%Equity capital to assets
10.27%Core capital (leverage) ratio
7.87%Tier 1 risk-based capital ratio
11.30%Total risk-based capital ratio
Memoranda
$13Average assets
$27,284Average earning assets
$2,914Average equity
$24,517Average loans
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