Western Bank & Trust National Association in Moville, Iowa (IA)

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Western Bank & Trust National Association
GeneralFDIC Certificate #: 10894
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: American National Bank (#33993)
Federal Reserve ID: 771346
Date Established: January 01, 1890
WWW: http://www.westernbt.com
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 3 (Interstate: No)
OTS Docket #: 15450
FDIC's unique #: 6974
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: No
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: October 22, 2003
Last Structure Change Process Date: November 06, 2003
Last Data Update: November 06, 2003
Data Source Date: April 05, 2012
LocationAddress: 120 South First Street, Moville, IA 51039
County: Woodbury
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
Metropolitan Statistical Area (MSA): Sioux City, IA-NE (#7720)
Combined Statistical Area (CSA): Sioux City-Vermillion, IA-NE-SD (#512)
Core Based Statistical Area (CBSA): Sioux City, IA-NE-SD (#43580)
CBSA Metro Statistical Area: Sioux City, IA-NE-SD (#43580)
Financial SummaryTotal assets: $44.0 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, 2002)
(Dollar figures in thousands)
Total employees (full-time equivalent)13
Total assets$38,905
Cash and due from depository institutions$1,474
Interest-bearing balances$51
Federal funds sold & reverse repurchase agreements$800
Net loans & leases$32,263
Loan loss allowance $349
Trading account assets$0
Bank premises and fixed assets$1,055
Other real estate owned$382
Goodwill and other intangibles$339
All other assets$1,077
Life insurance assets$0
Total liabilities and capital$38,905
Total liabilities$35,294
Total deposits$31,577
Interest-bearing deposits$28,274
Deposits held in domestic offices$31,577
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $100
Trading liabilities$0
Other borrowed funds $3,250
Subordinated debt $0
All other liabilities $367
Total equity capital$3,611
Total bank equity capital$3,611
Perpetual preferred stock$3,611
Common stock$0
Undivided profits $2,586
Noncurrent loans and leases $825
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $3,014
Income earned, not collected on loans $0
Earning assets $568
Long-term assets (5+ years) $0
Average Assets, year-to-date $559
Average Assets, quarterly $34,629
Volatile liabilities $3,808
Insider loans $39,441
FHLB advances $39,702
Loans and leases held for sale $6,621
Unused loan commitments $215
Tier 1 (core) risk-based capital $3,250
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $3,014
Restructured Loans and leases $0
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Income and Expense (December 31, 2002)
(Dollar figures in thousands)
Total interest income $2,581
Total interest expense $1,236
Net interest income $1,345
Provision for loan and lease losses $51
Total noninterest income $365
Fiduciary activities $0
Service charges on deposit accounts $169
Trading account gains & fees $0
Additional noninterest income $196
Total noninterest expense $1,094
Salaries and employee benefits $606
Premises and equipment expense $135
Additional noninterest expense $353
Pre-tax net operating income $565
Securities gains (losses) $0
Applicable income taxes $217
Income before extraordinary items $348
Extraordinary gains - net $0
Net income attributable to bank $348
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net -$4
Net operating income $66
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Performance and Condition Ratios (December 31, 2002)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets7.33%
Cost of funding earning assets 3.51%
Net interest margin 3.82%
Noninterest income to earning assets 1.04%
Noninterest expense to earning assets 3.11%
Net operating income to assets 0.88%
Return on assets (ROA) 0.88%
Pretax return on assets 1.43%
Return on equity (ROE) 10.06%
Retained earnings to average equity (YTD only) 8.15%
Net charge-offs to loans -0.01%
Credit loss provision to net charge-offs -1275.00%
Efficiency ratio0.00%
Assets per employee$61,930
Cash dividends to net income (YTD only)2.99%
Condition Ratios (%)
Loss allowance to loans 18.97%
Loss allowance to noncurrent loans 1.07%
Noncurrent assets plus other real estate owned to assets 61.44%
Noncurrent loans to loans 2.44%
Net loans and leases to deposits1.74%
Net loans and leases to core deposits 102.17%
Equity capital to assets 121.26%
Core capital (leverage) ratio 9.28%
Tier 1 risk-based capital ratio 8.31%
Total risk-based capital ratio 10.27%
Average assets$11
Average earning assets$39,441
Average equity $3,460
Average loans $35,209
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