FDIC Certificate #: 16257 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:MidWestOne Bank (#14197) Federal Reserve ID: 177742 Date Established: January 01, 1869 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 4 (Interstate: No) OTS Docket #: 12191 FDIC's unique #: 10449 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: March 19, 1934 Last Structure Change Effective Date: June 16, 2003 Last Structure Change Process Date: July 31, 2003 Last Data Update: July 31, 2003 Data Source Date: April 05, 2012
Location
Address: 100 Eddystone Drive, Hudson, IA 50643 County: Black Hawk Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Cedar Rapids Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: Western Metropolitan Statistical Area (MSA): Waterloo-Cedar Falls, IA (#8920) Core Based Statistical Area (CBSA): Waterloo-Cedar Falls, IA (#47940) CBSA Metro Statistical Area: Waterloo-Cedar Falls, IA (#47940)
Financial Summary
Total assets: $71.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
25Total employees (full-time equivalent)
$75,267Total assets
$3,707Cash and due from depository institutions
$108Interest-bearing balances
$0Securities
$6,378Federal funds sold & reverse repurchase agreements
$61,674Net loans & leases
$299Loan loss allowance
$0Trading account assets
$1,131Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$2,377All other assets
$75,267Total liabilities and capital
$69,225Total liabilities
$64,344Total deposits
$56,588Interest-bearing deposits
$64,344Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$3,966Other borrowed funds
$0Subordinated debt
$915All other liabilities
$6,042Total equity capital
$6,042Total bank equity capital
$6,042Perpetual preferred stock
$0Common stock
$1,000Surplus
$1,975Undivided profits
Memoranda
$3,067Noncurrent loans and leases
$781Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$133Earning assets
$0Long-term assets (5+ years)
$1,249Average Assets, year-to-date
$68,160Average Assets, quarterly
$4,748Volatile liabilities
$77,010Insider loans
$75,147FHLB advances
$8,610Loans and leases held for sale
$288Unused loan commitments
$3,966Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$781Total unused commitments
$549Restructured Loans and leases
$299Derivatives
Income and Expense (December 31, 2002)
Dollar figures in thousands
$4,842Total interest income
$2,496Total interest expense
$2,346Net interest income
$0Provision for loan and lease losses
$392Total noninterest income
$0Fiduciary activities
$265Service charges on deposit accounts
$0Trading account gains & fees
$127Additional noninterest income
$1,983Total noninterest expense
$1,178Salaries and employee benefits
$271Premises and equipment expense
$534Additional noninterest expense
$755Pre-tax net operating income
$0Securities gains (losses)
$264Applicable income taxes
$491Income before extraordinary items
$0Extraordinary gains - net
$491Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$176Sale, conversion, retirement of capital stock, net
$309Net operating income
Performance and Condition Ratios (December 31, 2002)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.87%Yield on earning assets
3.54%Cost of funding earning assets
3.33%Net interest margin
0.56%Noninterest income to earning assets
2.81%Noninterest expense to earning assets
0.64%Net operating income to assets
0.64%Return on assets (ROA)
0.98%Pretax return on assets
8.24%Return on equity (ROE)
3.05%Retained earnings to average equity (YTD only)
0.28%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
4.29%Efficiency ratio
72,425Assets per employee
3.01%Cash dividends to net income (YTD only)
Condition Ratios (%)
62.93%Loss allowance to loans
0.48%Loss allowance to noncurrent loans
224.81%Noncurrent assets plus other real estate owned to assets
0.18%Noncurrent loans to loans
0.21%Net loans and leases to deposits
95.85%Net loans and leases to core deposits
110.66%Equity capital to assets
8.03%Core capital (leverage) ratio
8.07%Tier 1 risk-based capital ratio
9.87%Total risk-based capital ratio
Memoranda
$10Average assets
$77,010Average earning assets
$5,958Average equity
$70,471Average loans
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