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

This bank is inactive as of August 15, 1997

Boatmen's National Bank of Northwest Iowa in Spencer, Iowa (IA)
Show street view No street view available for this location

Boatmen's National Bank of Northwest Iowa - Overview

General
FDIC Certificate #: 14873
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Boatmen's Bank Iowa, National Association (#18064)
Federal Reserve ID: 614041
Date Established: January 01, 1927
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 2 (Interstate: No)
OTS Docket #: 12329
FDIC's unique #: 9311
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: No
Date of Deposit Insurance: November 14, 1934
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: 705 Grand Avenue, Spencer, IA 51301
County: Clay
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Atlanta
FDIC Field Office: Sioux City
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: Western
Core Based Statistical Area (CBSA): Spencer, IA (#43980)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $121.7 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)
$33Total assets
$121,846Cash and due from depository institutions
$15,691Interest-bearing balances
$0Securities
$28,203Federal funds sold & reverse repurchase agreements
$7,447Net loans & leases
$67,720Loan loss allowance
$1,483Trading account assets
$0Bank premises and fixed assets
$1,240Other real estate owned
$0Goodwill and other intangibles
$1,545Life insurance assets
$0All other assets
$0Total liabilities and capital
$121,846Total liabilities
$111,796Total deposits
$106,905Interest-bearing deposits
$85,241Deposits held in domestic offices
106905.00%% insured (estimated)
$81Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$3,746Subordinated debt
$0All other liabilities
$1,145Total equity capital
$1,145Total bank equity capital
$10,050Perpetual preferred stock
$0Common stock
$2,117Surplus
$4,667Undivided profits
Memoranda
$3,266Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$74Income earned, not collected on loans
$632Earning assets
$103,370Long-term assets (5+ years)
$31,029Average Assets, year-to-date
$119,466Average Assets, quarterly
$118,536Volatile liabilities
$13,600Insider loans
$4,008FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$18,747Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$9,996Total risk weighted assets
$74,049Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$8,419Total interest expense
$3,814Net interest income
$4,605Provision for loan and lease losses
$109Total noninterest income
$701Fiduciary activities
$0Service charges on deposit accounts
$522Trading account gains & fees
$0Additional noninterest income
$179Total noninterest expense
$2,771Salaries and employee benefits
$1,244Premises and equipment expense
$336Additional noninterest expense
$1,191Pre-tax net operating income
$2,426Securities gains (losses)
$0Applicable income taxes
$906Income before extraordinary items
$1,520Extraordinary gains - net
$0Net income attributable to bank
$1,520Net charge-offs
$18Cash dividends
$1,409Sale, 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
7.80%Cost of funding earning assets
3.53%Net interest margin
4.27%Noninterest income to earning assets
0.65%Noninterest expense to earning assets
2.57%Net operating income to assets
1.27%Return on assets (ROA)
1.27%Pretax return on assets
2.03%Return on equity (ROE)
15.18%Retained earnings to average equity (YTD only)
1.11%Net charge-offs to loans
0.03%Credit loss provision to net charge-offs
605.56%Efficiency ratio
52,224Assets per employee
3.69%Cash dividends to net income (YTD only)
Condition Ratios (%)
92.70%Loss allowance to loans
2.14%Loss allowance to noncurrent loans
2004.05%Noncurrent assets plus other real estate owned to assets
0.06%Noncurrent loans to loans
0.11%Net loans and leases to deposits
63.35%Net loans and leases to core deposits
69.78%Equity capital to assets
8.25%Core capital (leverage) ratio
8.79%Tier 1 risk-based capital ratio
13.50%Total risk-based capital ratio
Memoranda
$15Average assets
$119,466Average earning assets
$10,016Average equity
$107,956Average loans

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Boatmen's National Bank of Northwest Iowa.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.