Brenton National Bank-Poweshiek County in Grinnell, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 30, 1995

Brenton National Bank-Poweshiek County in Grinnell, Iowa (IA)
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Brenton National Bank-Poweshiek County - Overview

General
FDIC Certificate #: 4463
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Brenton Bank (#20740)
Federal Reserve ID: 785343
Date Established: June 16, 1930
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)
FDIC's unique #: 2948
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: January 01, 1934
Last Structure Change Effective Date: September 30, 1995
Last Structure Change Process Date: October 20, 1995
Last Data Update: October 20, 1995
Data Source Date: April 05, 2012
Location
Address: 833 4th Avenue, Grinnell, IA 50112
County: Poweshiek
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Des Moines
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: Western
Financial Summary
Total assets: $113.7 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

Dollar figures in thousands
0Total employees (full-time equivalent)
$39Total assets
$116,134Cash and due from depository institutions
$5,067Interest-bearing balances
$0Securities
$26,192Federal funds sold & reverse repurchase agreements
$7,325Net loans & leases
$74,702Loan loss allowance
$981Trading account assets
$0Bank premises and fixed assets
$1,136Other real estate owned
$0Goodwill and other intangibles
$1,711Life insurance assets
$1All other assets
$0Total liabilities and capital
$116,134Total liabilities
$107,425Total deposits
$95,649Interest-bearing deposits
$86,527Deposits held in domestic offices
95649.00%% insured (estimated)
$78Federal funds purchased & repurchase agreements
$10,957Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$819Total equity capital
$819Total bank equity capital
$8,709Perpetual preferred stock
$0Common stock
$500Surplus
$1,000Undivided profits
Memoranda
$7,209Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$203Income earned, not collected on loans
$949Earning assets
$108,219Long-term assets (5+ years)
$15,278Average Assets, year-to-date
$113,724Average Assets, quarterly
$112,901Volatile liabilities
$18,119Insider loans
$1,488FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$8,151Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$8,835Total risk weighted assets
$72,917Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$7,648Total interest expense
$3,216Net interest income
$4,432Provision for loan and lease losses
$18Total noninterest income
$874Fiduciary activities
$0Service charges on deposit accounts
$465Trading account gains & fees
$0Additional noninterest income
$409Total noninterest expense
$3,046Salaries and employee benefits
$1,233Premises and equipment expense
$315Additional noninterest expense
$1,498Pre-tax net operating income
$2,242Securities gains (losses)
-$47Applicable income taxes
$653Income before extraordinary items
$1,542Extraordinary gains - net
$0Net income attributable to bank
$1,542Net charge-offs
-$23Cash dividends
$1,300Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1994)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.22%Cost of funding earning assets
3.04%Net interest margin
4.19%Noninterest income to earning assets
0.83%Noninterest expense to earning assets
2.88%Net operating income to assets
1.38%Return on assets (ROA)
1.36%Pretax return on assets
1.93%Return on equity (ROE)
17.75%Retained earnings to average equity (YTD only)
2.79%Net charge-offs to loans
-0.03%Credit loss provision to net charge-offs
-78.26%Efficiency ratio
57,407Assets per employee
2.98%Cash dividends to net income (YTD only)
Condition Ratios (%)
84.31%Loss allowance to loans
1.30%Loss allowance to noncurrent loans
483.25%Noncurrent assets plus other real estate owned to assets
0.17%Noncurrent loans to loans
0.27%Net loans and leases to deposits
78.10%Net loans and leases to core deposits
84.42%Equity capital to assets
7.50%Core capital (leverage) ratio
8.04%Tier 1 risk-based capital ratio
12.12%Total risk-based capital ratio
Memoranda
$13Average assets
$113,724Average earning assets
$8,686Average equity
$105,895Average loans

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