FDIC Certificate #: 5801 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Bank Iowa (#14521) Federal Reserve ID: 299644 Date Established: June 06, 1919 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 4 (Interstate: No) OTS Docket #: 16085 FDIC's unique #: 3962 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: 1108 Broadway, Denison, IA 51442 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: $144.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2010)
Dollar figures in thousands
25Total employees (full-time equivalent)
$144,647Total assets
$9,331Cash and due from depository institutions
$5,180Interest-bearing balances
$30,311Securities
$0Federal funds sold & reverse repurchase agreements
$93,233Net loans & leases
$815Loan loss allowance
$0Trading account assets
$3,415Bank premises and fixed assets
$503Other real estate owned
$1,660Goodwill and other intangibles
$2,230Life insurance assets
$6,194All other assets
$144,647Total liabilities and capital
$130,724Total liabilities
$108,556Total deposits
$95,428Interest-bearing deposits
$108,556Deposits held in domestic offices
88.08%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$21,700Other borrowed funds
$0Subordinated debt
$468All other liabilities
$13,923Total equity capital
$13,923Total bank equity capital
$13,923Perpetual preferred stock
$0Common stock
$200Surplus
$5,724Undivided profits
Memoranda
$7,999Noncurrent loans and leases
$18,507Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$301Earning assets
$0Long-term assets (5+ years)
$1,819Average Assets, year-to-date
$128,724Average Assets, quarterly
$22,700Volatile liabilities
$143,760Insider loans
$146,299FHLB advances
$17,339Loans and leases held for sale
$7Unused loan commitments
$21,700Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$252Total risk weighted assets
$18,507Total unused commitments
$0Restructured Loans and leases
$815Derivatives
Income and Expense (December 31, 2010)
Dollar figures in thousands
$6,410Total interest income
$1,999Total interest expense
$4,411Net interest income
$182Provision for loan and lease losses
$718Total noninterest income
$0Fiduciary activities
$294Service charges on deposit accounts
$0Trading account gains & fees
$424Additional noninterest income
$2,876Total noninterest expense
$1,494Salaries and employee benefits
$461Premises and equipment expense
$921Additional noninterest expense
$2,071Pre-tax net operating income
$0Securities gains (losses)
$107Applicable income taxes
$1,964Income before extraordinary items
$0Extraordinary gains - net
$1,964Net income attributable to bank
$0Net charge-offs
$1,964Cash dividends
$109Sale, conversion, retirement of capital stock, net
$854Net operating income
Performance and Condition Ratios (December 31, 2010)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.04%Yield on earning assets
1.57%Cost of funding earning assets
3.47%Net interest margin
0.56%Noninterest income to earning assets
2.26%Noninterest expense to earning assets
1.37%Net operating income to assets
1.37%Return on assets (ROA)
1.44%Pretax return on assets
14.48%Return on equity (ROE)
8.18%Retained earnings to average equity (YTD only)
0.11%Net charge-offs to loans
166.97%Credit loss provision to net charge-offs
20.67%Efficiency ratio
53,558Assets per employee
5.79%Cash dividends to net income (YTD only)
Condition Ratios (%)
43.48%Loss allowance to loans
0.87%Loss allowance to noncurrent loans
270.76%Noncurrent assets plus other real estate owned to assets
0.56%Noncurrent loans to loans
0.32%Net loans and leases to deposits
85.88%Net loans and leases to core deposits
101.43%Equity capital to assets
9.63%Core capital (leverage) ratio
8.30%Tier 1 risk-based capital ratio
11.44%Total risk-based capital ratio
Memoranda
$12Average assets
$143,760Average earning assets
$13,567Average equity
$127,134Average loans
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