Bank Midwest in Wall Lake, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 01, 1993

Bank Midwest in Wall Lake, Iowa (IA)
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Bank Midwest - Overview

General
FDIC Certificate #: 8098
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Bank Midwest, Minnesota Iowa, National Association (#14570)
Federal Reserve ID: 494542
Date Established: January 01, 1880
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 5151
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: January 01, 1934
Last Structure Change Effective Date: November 01, 1993
Last Structure Change Process Date: December 27, 1993
Last Data Update: December 27, 1993
Data Source Date: April 05, 2012
Location
Address: 301 Second Street, Wall Lake, IA 51466
County: Sac
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: $38.1 mil

Assets and Liabilities (December 31, 1992)

Dollar figures in thousands
0Total employees (full-time equivalent)
$14Total assets
$43,857Cash and due from depository institutions
$3,060Interest-bearing balances
$0Securities
$11,436Federal funds sold & reverse repurchase agreements
$2,550Net loans & leases
$25,280Loan loss allowance
$1,172Trading account assets
$0Bank premises and fixed assets
$491Other real estate owned
$0Goodwill and other intangibles
$1,040Life insurance assets
$0All other assets
$0Total liabilities and capital
$43,857Total liabilities
$36,608Total deposits
$34,902Interest-bearing deposits
$29,416Deposits held in domestic offices
34902.00%% insured (estimated)
$92Federal funds purchased & repurchase agreements
$1,208Trading liabilities
$0Other borrowed funds
$260Subordinated debt
$0All other liabilities
$238Total equity capital
$238Total bank equity capital
$7,249Perpetual preferred stock
$0Common stock
$1,000Surplus
$3,000Undivided profits
Memoranda
$3,249Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1,708Income earned, not collected on loans
$625Earning assets
$39,266Long-term assets (5+ years)
$2,803Average Assets, year-to-date
$45,211Average Assets, quarterly
$43,677Volatile liabilities
$3,448Insider loans
$2FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$6,183Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$7,249Total risk weighted assets
$30,327Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1992)

Dollar figures in thousands
$0Total interest income
$3,548Total interest expense
$1,623Net interest income
$1,925Provision for loan and lease losses
$766Total noninterest income
$159Fiduciary activities
$0Service charges on deposit accounts
$70Trading account gains & fees
$0Additional noninterest income
$89Total noninterest expense
$969Salaries and employee benefits
$377Premises and equipment expense
$133Additional noninterest expense
$459Pre-tax net operating income
$349Securities gains (losses)
$0Applicable income taxes
$75Income before extraordinary items
$274Extraordinary gains - net
$0Net income attributable to bank
$274Net charge-offs
$405Cash dividends
$500Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1992)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.43%Cost of funding earning assets
3.86%Net interest margin
4.58%Noninterest income to earning assets
0.38%Noninterest expense to earning assets
2.30%Net operating income to assets
0.61%Return on assets (ROA)
0.61%Pretax return on assets
0.77%Return on equity (ROE)
3.73%Retained earnings to average equity (YTD only)
-3.07%Net charge-offs to loans
1.33%Credit loss provision to net charge-offs
189.14%Efficiency ratio
46,497Assets per employee
3.13%Cash dividends to net income (YTD only)
Condition Ratios (%)
182.48%Loss allowance to loans
4.43%Loss allowance to noncurrent loans
68.62%Noncurrent assets plus other real estate owned to assets
3.89%Noncurrent loans to loans
6.46%Net loans and leases to deposits
72.43%Net loans and leases to core deposits
76.79%Equity capital to assets
16.53%Core capital (leverage) ratio
16.75%Tier 1 risk-based capital ratio
23.90%Total risk-based capital ratio
Memoranda
$25Average assets
$45,211Average earning assets
$7,353Average equity
$42,074Average loans

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