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

This bank is inactive as of August 15, 1997

Boatmen's Bank of North Iowa in Mason City, Iowa (IA)
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Boatmen's Bank of North Iowa - Overview

General
FDIC Certificate #: 19015
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Boatmen's Bank Iowa, National Association (#18064)
Federal Reserve ID: 691547
Date Established: January 22, 1964
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 7 (Interstate: No)
OTS Docket #: 12287
FDIC's unique #: 12856
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 22, 1964
Last Structure Change Effective Date: August 15, 1997
Last Structure Change Process Date: September 02, 1997
Last Data Update: September 02, 1997
Data Source Date: April 05, 2012
Location
Address: 25 West State Street, Mason City, IA 50401
County: Cerro Gordo
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Atlanta
FDIC Field Office: Des Moines
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: Western
Core Based Statistical Area (CBSA): Mason City, IA (#32380)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $226.7 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

Dollar figures in thousands
0Total employees (full-time equivalent)
$86Total assets
$229,042Cash and due from depository institutions
$17,131Interest-bearing balances
$788Securities
$56,292Federal funds sold & reverse repurchase agreements
$25,526Net loans & leases
$122,519Loan loss allowance
$3,412Trading account assets
$0Bank premises and fixed assets
$3,240Other real estate owned
$0Goodwill and other intangibles
$4,334Life insurance assets
$0All other assets
$0Total liabilities and capital
$229,042Total liabilities
$207,013Total deposits
$203,542Interest-bearing deposits
$169,166Deposits held in domestic offices
203542.00%% insured (estimated)
$87Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$35Subordinated debt
$0All other liabilities
$3,436Total equity capital
$3,436Total bank equity capital
$22,029Perpetual preferred stock
$0Common stock
$2,530Surplus
$9,653Undivided profits
Memoranda
$9,846Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$2,428Income earned, not collected on loans
$1,582Earning assets
$205,125Long-term assets (5+ years)
$59,951Average Assets, year-to-date
$252,427Average Assets, quarterly
$229,732Volatile liabilities
$7,817Insider loans
$2,236FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$20,452Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$21,822Total risk weighted assets
$126,203Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$17,927Total interest expense
$8,805Net interest income
$9,122Provision for loan and lease losses
$203Total noninterest income
$6,177Fiduciary activities
$0Service charges on deposit accounts
$1,006Trading account gains & fees
$0Additional noninterest income
$5,171Total noninterest expense
$7,601Salaries and employee benefits
$3,396Premises and equipment expense
$984Additional noninterest expense
$3,221Pre-tax net operating income
$7,495Securities gains (losses)
$0Applicable income taxes
$2,828Income before extraordinary items
$4,667Extraordinary gains - net
$0Net income attributable to bank
$4,667Net charge-offs
$39Cash dividends
$5,239Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1996)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.75%Cost of funding earning assets
3.81%Net interest margin
3.94%Noninterest income to earning assets
2.67%Noninterest expense to earning assets
3.29%Net operating income to assets
1.85%Return on assets (ROA)
1.85%Pretax return on assets
2.97%Return on equity (ROE)
20.56%Retained earnings to average equity (YTD only)
-2.52%Net charge-offs to loans
0.03%Credit loss provision to net charge-offs
520.51%Efficiency ratio
49,683Assets per employee
2.66%Cash dividends to net income (YTD only)
Condition Ratios (%)
112.26%Loss allowance to loans
2.71%Loss allowance to noncurrent loans
140.53%Noncurrent assets plus other real estate owned to assets
1.06%Noncurrent loans to loans
1.93%Net loans and leases to deposits
60.19%Net loans and leases to core deposits
62.59%Equity capital to assets
9.62%Core capital (leverage) ratio
9.62%Tier 1 risk-based capital ratio
17.29%Total risk-based capital ratio
Memoranda
$19Average assets
$252,427Average earning assets
$22,697Average equity
$231,243Average loans

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