FDIC Certificate #: 13753 Status: Active Federal Reserve ID: 794345 Bank Holding Company (Regulatory Top Holder): E M F Corporation (RSSDID: 1143913, Location: Woodway, WA) Date Established: January 01, 1902 WWW:http://www.bluegrassbank.com Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 8601 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: No Asset Concentration Hierarchy: Other Specialized Lending < 1 Billion Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: March 31, 2006 Last Structure Change Process Date: November 03, 2006 Last Data Update: November 03, 2006 Data Source Date: April 05, 2012
Location
Address: 102 East Mayne Street, Blue Grass, IA 52726 County: Scott 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 Metropolitan Statistical Area (MSA): Davenport-Moline-Rock Island, IA-IL (#1960) Core Based Statistical Area (CBSA): Davenport-Moline-Rock Island, IA-IL (#19340) CBSA Metro Statistical Area: Davenport-Moline-Rock Island, IA-IL (#19340)
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $178.7 mil Equity capital: $27.0 mil Deposits held in domestic offices: $144.2 mil Return on assets (ROA): 0.71% ($1.3 mil) Quarterly return on assets: 0.39% ($0.7 mil) Return on Equity (ROE): 4.93% ($1.3 mil) Quarterly return on equity: 2.64% ($0.7 mil) Net income: $1.2 mil Quarterly Net income: $0.2 mil Pretax return on assets: 0.89% ($1,590.4 mil) Quarterly Pretax return on assets: 0.41% ($732.6 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2011)
Dollar figures in thousands
15Total employees (full-time equivalent)
$178,694Total assets
$4,854Cash and due from depository institutions
$0Interest-bearing balances
$103,698Securities
$2,348Federal funds sold & reverse repurchase agreements
$58,459Net loans & leases
$1,096Loan loss allowance
$0Trading account assets
$1,930Bank premises and fixed assets
$865Other real estate owned
$0Goodwill and other intangibles
$178,693Life insurance assets
$6,540All other assets
$151,704Total liabilities and capital
$144,154Total liabilities
$133,406Total deposits
$144,154Interest-bearing deposits
$96Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$6,869Trading liabilities
$0Other borrowed funds
$681Subordinated debt
$26,989All other liabilities
$26,989Total equity capital
$26,989Total bank equity capital
$0Perpetual preferred stock
$142Common stock
$3,000Surplus
$23,847Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1,755Income earned, not collected on loans
$0Earning assets
$1,118Long-term assets (5+ years)
$164,505Average Assets, year-to-date
$45,516Average Assets, quarterly
$174,478Volatile liabilities
$176,968Insider loans
$77,033FHLB advances
$175,990Loans and leases held for sale
$3,709Unused loan commitments
$2,177Tier 1 (core) risk-based capital
$23,727Tier 2 risk-based capital
$0Total risk weighted assets
$1,532Total unused commitments
$6,311Restructured Loans and leases
$1,298Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$6,545Total interest income
$2,634Total interest expense
$3,911Net interest income
$350Provision for loan and lease losses
$162Total noninterest income
$0Fiduciary activities
$8Service charges on deposit accounts
$0Trading account gains & fees
$154Additional noninterest income
$2,158Total noninterest expense
$1,167Salaries and employee benefits
$334Premises and equipment expense
$657Additional noninterest expense
$1,565Pre-tax net operating income
-$6Securities gains (losses)
$312Applicable income taxes
$1,247Income before extraordinary items
$0Extraordinary gains - net
$1,247Net income attributable to bank
$0Net charge-offs
$1,247Cash dividends
$151Sale, conversion, retirement of capital stock, net
$113Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.04%Yield on earning assets
1.62%Cost of funding earning assets
2.41%Net interest margin
0.10%Noninterest income to earning assets
1.33%Noninterest expense to earning assets
0.72%Net operating income to assets
0.71%Return on assets (ROA)
0.89%Pretax return on assets
4.93%Return on equity (ROE)
4.48%Retained earnings to average equity (YTD only)
0.26%Net charge-offs to loans
231.79%Credit loss provision to net charge-offs
12.68%Efficiency ratio
52,983Assets per employee
11.91%Cash dividends to net income (YTD only)
Condition Ratios (%)
9.06%Loss allowance to loans
1.84%Loss allowance to noncurrent loans
62.45%Noncurrent assets plus other real estate owned to assets
1.47%Noncurrent loans to loans
2.95%Net loans and leases to deposits
40.55%Net loans and leases to core deposits
44.66%Equity capital to assets
15.10%Core capital (leverage) ratio
13.48%Tier 1 risk-based capital ratio
30.80%Total risk-based capital ratio
Memoranda
$32Average assets
$174,478Average earning assets
$25,285Average equity
$162,114Average 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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