Cedar Valley State Bank in St. Ansgar, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 01, 2003

Cedar Valley State Bank in St. Ansgar, Iowa (IA)
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Cedar Valley State Bank - Overview

General
FDIC Certificate #: 14688
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Valley Bank (#10450)
Federal Reserve ID: 858649
Date Established: January 01, 1902
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 1 (Interstate: No)
OTS Docket #: 13566
FDIC's unique #: 9184
Numeric code: 13
Regulator: FED
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: August 22, 1934
Last Structure Change Effective Date: October 01, 2003
Last Structure Change Process Date: November 05, 2003
Last Data Update: November 05, 2003
Data Source Date: April 05, 2012
Location
Address: 345 West Fourth Street, St. Ansgar, IA 50472
County: Mitchell
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Minneapolis
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: Western
Financial Summary
Total assets: $11.9 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, 2002)

Dollar figures in thousands
8Total employees (full-time equivalent)
$11,193Total assets
$1,145Cash and due from depository institutions
$909Interest-bearing balances
$2,506Securities
$107Federal funds sold & reverse repurchase agreements
$6,743Net loans & leases
$69Loan loss allowance
$0Trading account assets
$191Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$501All other assets
$11,193Total liabilities and capital
$9,778Total liabilities
$9,011Total deposits
$8,078Interest-bearing deposits
$9,011Deposits held in domestic offices
0.00%% insured (estimated)
$350Federal funds purchased & repurchase agreements
$0Trading liabilities
$300Other borrowed funds
$0Subordinated debt
$117All other liabilities
$1,415Total equity capital
$1,415Total bank equity capital
$1,415Perpetual preferred stock
$827Common stock
$374Surplus
$506Undivided profits
Memoranda
$-292Noncurrent loans and leases
$1,726Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$2Earning assets
$0Long-term assets (5+ years)
$127Average Assets, year-to-date
$10,265Average Assets, quarterly
$740Volatile liabilities
$10,766Insider loans
$10,839FHLB advances
$982Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,726Total unused commitments
$100Restructured Loans and leases
$69Derivatives

Income and Expense (December 31, 2002)

Dollar figures in thousands
$546Total interest income
$278Total interest expense
$268Net interest income
$13Provision for loan and lease losses
$106Total noninterest income
$0Fiduciary activities
$40Service charges on deposit accounts
$0Trading account gains & fees
$66Additional noninterest income
$615Total noninterest expense
$287Salaries and employee benefits
$75Premises and equipment expense
$253Additional noninterest expense
-$254Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
-$254Income before extraordinary items
$0Extraordinary gains - net
-$254Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$6Sale, conversion, retirement of capital stock, net
$19Net operating income

Performance and Condition Ratios (December 31, 2002)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.60%Yield on earning assets
2.85%Cost of funding earning assets
2.75%Net interest margin
1.09%Noninterest income to earning assets
6.31%Noninterest expense to earning assets
-2.36%Net operating income to assets
-2.36%Return on assets (ROA)
-2.36%Pretax return on assets
-26.15%Return on equity (ROE)
-28.11%Retained earnings to average equity (YTD only)
0.11%Net charge-offs to loans
216.67%Credit loss provision to net charge-offs
-40.17%Efficiency ratio
164,439Assets per employee
1.40%Cash dividends to net income (YTD only)
Condition Ratios (%)
-7.48%Loss allowance to loans
1.01%Loss allowance to noncurrent loans
3450.00%Noncurrent assets plus other real estate owned to assets
0.02%Noncurrent loans to loans
0.03%Net loans and leases to deposits
74.83%Net loans and leases to core deposits
80.47%Equity capital to assets
12.64%Core capital (leverage) ratio
12.69%Tier 1 risk-based capital ratio
19.84%Total risk-based capital ratio
Memoranda
$21Average assets
$10,766Average earning assets
$971Average equity
$9,752Average loans

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