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

This bank is inactive as of December 18, 1995

Alden State Bank in Alden, Iowa (IA)
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Alden State Bank - Overview

General
FDIC Certificate #: 16321
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: United Bank and Trust Company (#14247)
Federal Reserve ID: 788746
Date Established: October 05, 1945
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 10508
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: October 05, 1945
Last Structure Change Effective Date: December 18, 1995
Last Structure Change Process Date: Febuary 07, 1996
Last Data Update: Febuary 07, 1996
Data Source Date: April 05, 2012
Location
Address: Main Street, Alden, IA 50006
County: Hardin
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
Financial Summary
Total assets: $16.5 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

Dollar figures in thousands
0Total employees (full-time equivalent)
$9Total assets
$17,190Cash and due from depository institutions
$1,650Interest-bearing balances
$0Securities
$4,092Federal funds sold & reverse repurchase agreements
$500Net loans & leases
$10,396Loan loss allowance
$172Trading account assets
$0Bank premises and fixed assets
$72Other real estate owned
$0Goodwill and other intangibles
$480Life insurance assets
$0All other assets
$0Total liabilities and capital
$17,190Total liabilities
$15,571Total deposits
$15,487Interest-bearing deposits
$13,290Deposits held in domestic offices
15487.00%% insured (estimated)
$92Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$84Total equity capital
$84Total bank equity capital
$1,619Perpetual preferred stock
$0Common stock
$75Surplus
$550Undivided profits
Memoranda
$994Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$690Income earned, not collected on loans
$308Earning assets
$14,988Long-term assets (5+ years)
$3,589Average Assets, year-to-date
$17,968Average Assets, quarterly
$16,978Volatile liabilities
$710Insider loans
$85FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$2,032Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$1,650Total risk weighted assets
$11,118Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$1,204Total interest expense
$536Net interest income
$668Provision for loan and lease losses
$236Total noninterest income
$78Fiduciary activities
$0Service charges on deposit accounts
$53Trading account gains & fees
$0Additional noninterest income
$25Total noninterest expense
$437Salaries and employee benefits
$242Premises and equipment expense
$37Additional noninterest expense
$158Pre-tax net operating income
$73Securities gains (losses)
-$7Applicable income taxes
$3Income before extraordinary items
$63Extraordinary gains - net
$0Net income attributable to bank
$63Net charge-offs
$248Cash dividends
$113Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1994)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.54%Cost of funding earning assets
3.36%Net interest margin
4.19%Noninterest income to earning assets
0.49%Noninterest expense to earning assets
2.74%Net operating income to assets
0.39%Return on assets (ROA)
0.35%Pretax return on assets
0.37%Return on equity (ROE)
3.89%Retained earnings to average equity (YTD only)
-3.08%Net charge-offs to loans
2.17%Credit loss provision to net charge-offs
95.16%Efficiency ratio
58,579Assets per employee
1.91%Cash dividends to net income (YTD only)
Condition Ratios (%)
179.37%Loss allowance to loans
1.63%Loss allowance to noncurrent loans
24.93%Noncurrent assets plus other real estate owned to assets
4.01%Noncurrent loans to loans
6.53%Net loans and leases to deposits
67.13%Net loans and leases to core deposits
70.35%Equity capital to assets
9.42%Core capital (leverage) ratio
9.77%Tier 1 risk-based capital ratio
14.84%Total risk-based capital ratio
Memoranda
$16Average assets
$17,968Average earning assets
$1,621Average equity
$15,959Average loans

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