FDIC Certificate #: 14511 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:City State Bank (#14410) Federal Reserve ID: 940544 Date Established: May 25, 1934 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) OTS Docket #: 15543 FDIC's unique #: 9067 Numeric code: 21 Regulator: FDIC 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: May 25, 1934 Last Structure Change Effective Date: May 18, 2000 Last Structure Change Process Date: June 19, 2000 Last Data Update: June 19, 2000 Data Source Date: April 05, 2012
Location
Address: 100 North Jacob, Grimes, IA 50111 County: Polk 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 Metropolitan Statistical Area (MSA): Des Moines, IA (#2120) Combined Statistical Area (CSA): Des Moines-Newton-Pella, IA (#218) Core Based Statistical Area (CBSA): Des Moines-West Des Moines, IA (#19780) CBSA Metro Statistical Area: Des Moines-West Des Moines, IA (#19780)
Financial Summary
Total assets: $34.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1999)
Dollar figures in thousands
16Total employees (full-time equivalent)
$34,035Total assets
$3,192Cash and due from depository institutions
$1,028Interest-bearing balances
$7,375Securities
$1,200Federal funds sold & reverse repurchase agreements
$19,435Net loans & leases
$303Loan loss allowance
$0Trading account assets
$1,338Bank premises and fixed assets
$72Other real estate owned
$995Goodwill and other intangibles
$0Life insurance assets
$428All other assets
$34,035Total liabilities and capital
$30,221Total liabilities
$29,063Total deposits
$24,997Interest-bearing deposits
$29,063Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$914Other borrowed funds
$0Subordinated debt
$244All other liabilities
$3,814Total equity capital
$3,814Total bank equity capital
$3,814Perpetual preferred stock
$0Common stock
$200Surplus
$3,740Undivided profits
Memoranda
$-126Noncurrent loans and leases
$1,838Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$103Earning assets
$0Long-term assets (5+ years)
$238Average Assets, year-to-date
$29,038Average Assets, quarterly
$4,822Volatile liabilities
$33,630Insider loans
$34,061FHLB advances
$1,807Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,838Total unused commitments
$0Restructured Loans and leases
$264Derivatives
Income and Expense (December 31, 1999)
Dollar figures in thousands
$2,210Total interest income
$950Total interest expense
$1,260Net interest income
$24Provision for loan and lease losses
$320Total noninterest income
$0Fiduciary activities
$189Service charges on deposit accounts
$0Trading account gains & fees
$131Additional noninterest income
$1,147Total noninterest expense
$542Salaries and employee benefits
$157Premises and equipment expense
$448Additional noninterest expense
$409Pre-tax net operating income
$2Securities gains (losses)
$178Applicable income taxes
$233Income before extraordinary items
$0Extraordinary gains - net
$233Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$23Sale, conversion, retirement of capital stock, net
$231Net operating income
Performance and Condition Ratios (December 31, 1999)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.58%Yield on earning assets
3.26%Cost of funding earning assets
4.32%Net interest margin
1.10%Noninterest income to earning assets
3.93%Noninterest expense to earning assets
0.69%Net operating income to assets
0.69%Return on assets (ROA)
1.22%Pretax return on assets
5.87%Return on equity (ROE)
0.05%Retained earnings to average equity (YTD only)
0.12%Net charge-offs to loans
104.35%Credit loss provision to net charge-offs
18.83%Efficiency ratio
67,722Assets per employee
2.13%Cash dividends to net income (YTD only)
Condition Ratios (%)
99.14%Loss allowance to loans
1.54%Loss allowance to noncurrent loans
294.17%Noncurrent assets plus other real estate owned to assets
0.51%Noncurrent loans to loans
0.52%Net loans and leases to deposits
66.87%Net loans and leases to core deposits
71.31%Equity capital to assets
11.21%Core capital (leverage) ratio
8.90%Tier 1 risk-based capital ratio
14.02%Total risk-based capital ratio
Memoranda
$15Average assets
$33,630Average earning assets
$3,968Average equity
$29,171Average loans
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