FDIC Certificate #: 10126 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Liberty Trust & Savings Bank (#10121) Federal Reserve ID: 854445 Date Established: June 30, 1931 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) OTS Docket #: 15701 FDIC's unique #: 6479 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes Oakar Institutions: Yes State Chartered: Yes Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: January 01, 2002 Last Structure Change Process Date: January 30, 2002 Last Data Update: January 30, 2002 Data Source Date: April 05, 2012
Location
Address: 236 Main Street, Bennett, IA 52721 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
Financial Summary
Total assets: $38.7 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2001)
Dollar figures in thousands
10Total employees (full-time equivalent)
$38,705Total assets
$1,408Cash and due from depository institutions
$0Interest-bearing balances
$10,505Securities
$4,407Federal funds sold & reverse repurchase agreements
$20,907Net loans & leases
$352Loan loss allowance
$0Trading account assets
$631Bank premises and fixed assets
$0Other real estate owned
$131Goodwill and other intangibles
$0Life insurance assets
$716All other assets
$38,705Total liabilities and capital
$34,945Total liabilities
$34,638Total deposits
$31,985Interest-bearing deposits
$34,638Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$307All other liabilities
$3,760Total equity capital
$3,760Total bank equity capital
$3,760Perpetual preferred stock
$0Common stock
$150Surplus
$750Undivided profits
Memoranda
$2,860Noncurrent loans and leases
$1,425Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$622Earning assets
$282Long-term assets (5+ years)
$564Average Assets, year-to-date
$35,819Average Assets, quarterly
$4,176Volatile liabilities
$36,953Insider loans
$38,036FHLB advances
$3,540Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,425Total unused commitments
$0Restructured Loans and leases
$268Derivatives
Income and Expense (December 31, 2001)
Dollar figures in thousands
$2,561Total interest income
$1,463Total interest expense
$1,098Net interest income
$85Provision for loan and lease losses
$120Total noninterest income
$0Fiduciary activities
$106Service charges on deposit accounts
$0Trading account gains & fees
$14Additional noninterest income
$664Total noninterest expense
$350Salaries and employee benefits
$86Premises and equipment expense
$228Additional noninterest expense
$469Pre-tax net operating income
$0Securities gains (losses)
$128Applicable income taxes
$341Income before extraordinary items
$0Extraordinary gains - net
$341Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$18Sale, conversion, retirement of capital stock, net
$21Net operating income
Performance and Condition Ratios (December 31, 2001)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.40%Yield on earning assets
4.23%Cost of funding earning assets
3.17%Net interest margin
0.35%Noninterest income to earning assets
1.92%Noninterest expense to earning assets
0.92%Net operating income to assets
0.92%Return on assets (ROA)
1.27%Pretax return on assets
9.53%Return on equity (ROE)
8.94%Retained earnings to average equity (YTD only)
0.08%Net charge-offs to loans
472.22%Credit loss provision to net charge-offs
30.78%Efficiency ratio
53,120Assets per employee
3.87%Cash dividends to net income (YTD only)
Condition Ratios (%)
6.16%Loss allowance to loans
1.66%Loss allowance to noncurrent loans
56.59%Noncurrent assets plus other real estate owned to assets
1.61%Noncurrent loans to loans
2.93%Net loans and leases to deposits
60.36%Net loans and leases to core deposits
67.23%Equity capital to assets
9.71%Core capital (leverage) ratio
9.25%Tier 1 risk-based capital ratio
16.19%Total risk-based capital ratio
Memoranda
$17Average assets
$36,953Average earning assets
$3,580Average equity
$34,590Average loans
Total Fiduciary and Related Assets (December 31, 2001)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
YesFiduciary powers granted
YesFiduciary or related activity
$96Managed Assets
1Number of Accounts
$96Personal trust and agency accounts
$96Employee 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
1Number 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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