Boatmen's Bank of Marengo in Marengo, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 14, 1994

Boatmen's Bank of Marengo in Marengo, Iowa (IA)
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Boatmen's Bank of Marengo - Overview

General
FDIC Certificate #: 20031
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Boatmen's Bank Iowa, National Association (#18064)
Federal Reserve ID: 760247
Date Established: January 07, 1929
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 13759
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: September 04, 1969
Last Structure Change Effective Date: October 14, 1994
Last Structure Change Process Date: November 15, 1994
Last Data Update: November 15, 1994
Data Source Date: April 05, 2012
Location
Address: Main Street, Marengo, IA 52301
County: Iowa
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: $39.1 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

Dollar figures in thousands
0Total employees (full-time equivalent)
$13Total assets
$38,883Cash and due from depository institutions
$966Interest-bearing balances
$0Securities
$22,919Federal funds sold & reverse repurchase agreements
$2,320Net loans & leases
$11,805Loan loss allowance
$354Trading account assets
$0Bank premises and fixed assets
$240Other real estate owned
$0Goodwill and other intangibles
$633Life insurance assets
$0All other assets
$0Total liabilities and capital
$38,883Total liabilities
$35,698Total deposits
$35,400Interest-bearing deposits
$32,434Deposits held in domestic offices
35400.00%% insured (estimated)
$93Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$298Total equity capital
$298Total bank equity capital
$3,185Perpetual preferred stock
$0Common stock
$600Surplus
$1,400Undivided profits
Memoranda
$1,185Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$7Income earned, not collected on loans
$196Earning assets
$37,044Long-term assets (5+ years)
$14,820Average Assets, year-to-date
$38,518Average Assets, quarterly
$38,569Volatile liabilities
$500Insider loans
$119FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$1,438Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$3,143Total risk weighted assets
$15,782Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1993)

Dollar figures in thousands
$0Total interest income
$2,617Total interest expense
$1,195Net interest income
$1,422Provision for loan and lease losses
-$142Total noninterest income
$191Fiduciary activities
$0Service charges on deposit accounts
$102Trading account gains & fees
$0Additional noninterest income
$89Total noninterest expense
$963Salaries and employee benefits
$473Premises and equipment expense
$51Additional noninterest expense
$439Pre-tax net operating income
$792Securities gains (losses)
$0Applicable income taxes
$281Income before extraordinary items
$511Extraordinary gains - net
$0Net income attributable to bank
$511Net charge-offs
$10Cash dividends
$300Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1993)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.18%Cost of funding earning assets
3.28%Net interest margin
3.90%Noninterest income to earning assets
0.52%Noninterest expense to earning assets
2.64%Net operating income to assets
1.33%Return on assets (ROA)
1.33%Pretax return on assets
2.06%Return on equity (ROE)
16.94%Retained earnings to average equity (YTD only)
6.99%Net charge-offs to loans
0.08%Credit loss provision to net charge-offs
-1420.00%Efficiency ratio
59,702Assets per employee
2.99%Cash dividends to net income (YTD only)
Condition Ratios (%)
58.71%Loss allowance to loans
2.91%Loss allowance to noncurrent loans
5057.14%Noncurrent assets plus other real estate owned to assets
0.02%Noncurrent loans to loans
0.06%Net loans and leases to deposits
33.35%Net loans and leases to core deposits
33.83%Equity capital to assets
8.19%Core capital (leverage) ratio
8.07%Tier 1 risk-based capital ratio
19.91%Total risk-based capital ratio
Memoranda
$21Average assets
$38,518Average earning assets
$3,017Average equity
$36,424Average loans

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