FDIC Certificate #: 33921 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:MidWestOne Bank (#14197) Federal Reserve ID: 2218425 Date Established: June 24, 1994 WWW:http://www.centralvalleybank.com Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 4 (Interstate: No) OTS Docket #: 12116 FDIC's unique #: 54777 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Savings Association Insurance Fund (SAIF) Insured commercial Banks: Yes FDIC Insured: Yes SAIF Insured: Yes Oakar Institutions: Yes State Chartered: Yes Date of Deposit Insurance: June 24, 1994 Last Structure Change Effective Date: January 01, 2006 Last Structure Change Process Date: January 11, 2006 Last Data Update: January 11, 2006 Data Source Date: April 05, 2012
Location
Address: 116 West Main Street, Ottumwa, IA 52501 County: Wapello 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 Core Based Statistical Area (CBSA): Ottumwa, IA (#36900) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $130.7 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2005)
Dollar figures in thousands
34Total employees (full-time equivalent)
$130,662Total assets
$3,127Cash and due from depository institutions
$53Interest-bearing balances
$9,551Securities
$4,170Federal funds sold & reverse repurchase agreements
$104,583Net loans & leases
$1,431Loan loss allowance
$0Trading account assets
$2,724Bank premises and fixed assets
$1,587Other real estate owned
$3,193Goodwill and other intangibles
$0Life insurance assets
$1,727All other assets
$130,662Total liabilities and capital
$117,539Total liabilities
$105,717Total deposits
$92,640Interest-bearing deposits
$105,717Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$10,000Other borrowed funds
$0Subordinated debt
$1,822All other liabilities
$13,123Total equity capital
$13,123Total bank equity capital
$13,123Perpetual preferred stock
$0Common stock
$1,000Surplus
$9,230Undivided profits
Memoranda
$2,893Noncurrent loans and leases
$14,061Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$7,129Earning assets
$0Long-term assets (5+ years)
$713Average Assets, year-to-date
$118,357Average Assets, quarterly
$8,029Volatile liabilities
$124,336Insider loans
$126,607FHLB advances
$15,821Loans and leases held for sale
$638Unused loan commitments
$10,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$167Total risk weighted assets
$14,061Total unused commitments
$0Restructured Loans and leases
$1,182Derivatives
Income and Expense (December 31, 2005)
Dollar figures in thousands
$8,209Total interest income
$2,457Total interest expense
$5,752Net interest income
$715Provision for loan and lease losses
$855Total noninterest income
$0Fiduciary activities
$441Service charges on deposit accounts
$0Trading account gains & fees
$414Additional noninterest income
$3,376Total noninterest expense
$1,627Salaries and employee benefits
$350Premises and equipment expense
$1,399Additional noninterest expense
$2,516Pre-tax net operating income
$0Securities gains (losses)
$887Applicable income taxes
$1,629Income before extraordinary items
$0Extraordinary gains - net
$1,629Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$574Sale, conversion, retirement of capital stock, net
$1,600Net operating income
Performance and Condition Ratios (December 31, 2005)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.25%Yield on earning assets
2.17%Cost of funding earning assets
5.08%Net interest margin
0.75%Noninterest income to earning assets
2.98%Noninterest expense to earning assets
1.31%Net operating income to assets
1.31%Return on assets (ROA)
2.02%Pretax return on assets
12.35%Return on equity (ROE)
0.22%Retained earnings to average equity (YTD only)
0.56%Net charge-offs to loans
124.56%Credit loss provision to net charge-offs
5.63%Efficiency ratio
50,522Assets per employee
3.84%Cash dividends to net income (YTD only)
Condition Ratios (%)
98.22%Loss allowance to loans
1.35%Loss allowance to noncurrent loans
20.07%Noncurrent assets plus other real estate owned to assets
6.67%Noncurrent loans to loans
6.72%Net loans and leases to deposits
98.93%Net loans and leases to core deposits
112.58%Equity capital to assets
10.04%Core capital (leverage) ratio
8.00%Tier 1 risk-based capital ratio
10.66%Total risk-based capital ratio
Memoranda
$12Average assets
$124,336Average earning assets
$13,193Average equity
$113,260Average loans
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