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

This bank is inactive as of March 31, 2011

  • Bank Iowa in Oskaloosa, Iowa (IA)
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Bank Iowa - Overview

  • General
  • FDIC Certificate #: 11354
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Bank Iowa (#14521)
    Federal Reserve ID: 686440
    Date Established: January 01, 1917
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 3 (Interstate: No)
    OTS Docket #: 13680
    FDIC's unique #: 7254
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 31, 2011
    Last Structure Change Process Date: April 07, 2011
    Last Data Update: April 07, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 1710 Third Avenue East, Oskaloosa, IA 52577
    County: Mahaska
    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
    Core Based Statistical Area (CBSA): Oskaloosa, IA (#36820)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $147.8 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, 2010)

  • Dollar figures in thousands
  • 38Total employees (full-time equivalent)
  • $147,807Total assets
  • $10,215Cash and due from depository institutions
  • $4,901Interest-bearing balances
  • $32,053Securities
  • $5,065Federal funds sold & reverse repurchase agreements
  • $91,187Net loans & leases
  • $1,209Loan loss allowance
  • $0Trading account assets
  • $1,997Bank premises and fixed assets
  • $2,484Other real estate owned
  • $0Goodwill and other intangibles
  • $1,901Life insurance assets
  • $4,806All other assets
  • $147,807Total liabilities and capital
  • $135,094Total liabilities
  • $122,143Total deposits
  • $107,176Interest-bearing deposits
  • $122,143Deposits held in domestic offices
  • 95.74%% insured (estimated)
  • $463Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $12,000Other borrowed funds
  • $0Subordinated debt
  • $488All other liabilities
  • $12,713Total equity capital
  • $12,713Total bank equity capital
  • $12,713Perpetual preferred stock
  • $0Common stock
  • $300Surplus
  • $2,934Undivided profits
  • Memoranda
  • $9,479Noncurrent loans and leases
  • $12,217Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $2,191Earning assets
  • $0Long-term assets (5+ years)
  • $1,230Average Assets, year-to-date
  • $133,206Average Assets, quarterly
  • $40,370Volatile liabilities
  • $147,905Insider loans
  • $147,296FHLB advances
  • $18,167Loans and leases held for sale
  • $787Unused loan commitments
  • $12,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $847Total risk weighted assets
  • $12,217Total unused commitments
  • $0Restructured Loans and leases
  • $1,209Derivatives

Income and Expense (December 31, 2010)

  • Dollar figures in thousands
  • $7,125Total interest income
  • $2,150Total interest expense
  • $4,975Net interest income
  • $1,051Provision for loan and lease losses
  • $760Total noninterest income
  • $9Fiduciary activities
  • $483Service charges on deposit accounts
  • $0Trading account gains & fees
  • $268Additional noninterest income
  • $3,761Total noninterest expense
  • $2,163Salaries and employee benefits
  • $466Premises and equipment expense
  • $1,132Additional noninterest expense
  • $923Pre-tax net operating income
  • $0Securities gains (losses)
  • $44Applicable income taxes
  • $879Income before extraordinary items
  • $0Extraordinary gains - net
  • $879Net income attributable to bank
  • $0Net charge-offs
  • $879Cash dividends
  • $928Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2010)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.27%Yield on earning assets
  • 1.59%Cost of funding earning assets
  • 3.68%Net interest margin
  • 0.56%Noninterest income to earning assets
  • 2.78%Noninterest expense to earning assets
  • 0.59%Net operating income to assets
  • 0.59%Return on assets (ROA)
  • 0.62%Pretax return on assets
  • 7.04%Return on equity (ROE)
  • 7.04%Retained earnings to average equity (YTD only)
  • 0.96%Net charge-offs to loans
  • 113.25%Credit loss provision to net charge-offs
  • 2.13%Efficiency ratio
  • 65,580Assets per employee
  • 3.89%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.31%Loss allowance to noncurrent loans
  • 55.18%Noncurrent assets plus other real estate owned to assets
  • 3.16%Noncurrent loans to loans
  • 2.37%Net loans and leases to deposits
  • 74.66%Net loans and leases to core deposits
  • 86.08%Equity capital to assets
  • 8.60%Core capital (leverage) ratio
  • 8.50%Tier 1 risk-based capital ratio
  • 12.35%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $147,905Average earning assets
  • $12,479Average equity
  • $135,101Average loans

Total Fiduciary and Related Assets (December 31, 2010)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $1,913Managed Assets
  • 1Number of Accounts
  • $1,913Personal trust and agency accounts
  • $1,913Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 5Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

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