FDIC Certificate #: 10120 Status: Active Federal Reserve ID: 675341 Bank Holding Company (Regulatory Top Holder): Lowden Bancshares, Inc. (RSSDID: 1140846, Location: Lowden, IA) Date Established: October 01, 1913 Trust Powers Granted: Yes Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 6473 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Agricultural lending institution: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: No Asset Concentration Hierarchy: Agricultural Specialization Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: March 31, 2006 Last Structure Change Process Date: June 08, 2010 Last Data Update: June 08, 2010 Data Source Date: April 05, 2012
Location
Address: 309 Mckinley Avenue, Lowden, IA 52255 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
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $30.9 mil Equity capital: $5.7 mil Deposits held in domestic offices: $24.5 mil Return on assets (ROA): 0.77% ($0.2 mil) Quarterly return on assets: -0.79% (-$0.2 mil) Return on Equity (ROE): 4.36% ($0.3 mil) Quarterly return on equity: -4.35% (-$0.3 mil) Net income: $0.2 mil Quarterly Net income: -$0.1 mil Pretax return on assets: 0.77% ($237.6 mil) Quarterly Pretax return on assets: -0.79% (-$243.8 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2011)
Dollar figures in thousands
6Total employees (full-time equivalent)
$30,855Total assets
$1,481Cash and due from depository institutions
$992Interest-bearing balances
$18,038Securities
$1,506Federal funds sold & reverse repurchase agreements
$7,578Net loans & leases
$230Loan loss allowance
$0Trading account assets
$95Bank premises and fixed assets
$540Other real estate owned
$0Goodwill and other intangibles
$30,855Life insurance assets
$1,617All other assets
$25,189Total liabilities and capital
$24,462Total liabilities
$21,636Total deposits
$24,462Interest-bearing deposits
$93Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$727Subordinated debt
$5,666All other liabilities
$5,666Total equity capital
$5,666Total bank equity capital
$0Perpetual preferred stock
$300Common stock
$3,100Surplus
$2,266Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$203Income earned, not collected on loans
$0Earning assets
$295Long-term assets (5+ years)
$28,114Average Assets, year-to-date
$16,570Average Assets, quarterly
$30,651Volatile liabilities
$31,333Insider loans
$23,340FHLB advances
$30,882Loans and leases held for sale
$131Unused loan commitments
$131Tier 1 (core) risk-based capital
$4,440Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$582Restructured Loans and leases
$367Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$1,235Total interest income
$327Total interest expense
$908Net interest income
-$300Provision for loan and lease losses
$98Total noninterest income
$5Fiduciary activities
$22Service charges on deposit accounts
$0Trading account gains & fees
$71Additional noninterest income
$1,117Total noninterest expense
$634Salaries and employee benefits
$114Premises and equipment expense
$369Additional noninterest expense
$189Pre-tax net operating income
$47Securities gains (losses)
$0Applicable income taxes
$236Income before extraordinary items
$0Extraordinary gains - net
$236Net income attributable to bank
$0Net charge-offs
$236Cash dividends
-$217Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.55%Yield on earning assets
1.20%Cost of funding earning assets
3.34%Net interest margin
0.36%Noninterest income to earning assets
4.11%Noninterest expense to earning assets
0.62%Net operating income to assets
0.77%Return on assets (ROA)
0.77%Pretax return on assets
4.36%Return on equity (ROE)
4.36%Retained earnings to average equity (YTD only)
-2.66%Net charge-offs to loans
138.25%Credit loss provision to net charge-offs
0.00%Efficiency ratio
111,034Assets per employee
5.14%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.95%Loss allowance to noncurrent loans
113.30%Noncurrent assets plus other real estate owned to assets
2.41%Noncurrent loans to loans
2.60%Net loans and leases to deposits
30.98%Net loans and leases to core deposits
31.76%Equity capital to assets
18.36%Core capital (leverage) ratio
14.38%Tier 1 risk-based capital ratio
19.02%Total risk-based capital ratio
Memoranda
$20Average assets
$30,651Average earning assets
$5,408Average equity
$27,147Average loans
Total Fiduciary and Related Assets (December 31, 2011)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
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