FDIC Certificate #: 241 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Metrobank, National Association (#12099) Federal Reserve ID: 483845 Date Established: January 01, 1914 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 5 (Interstate: No) FDIC's unique #: 193 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: January 01, 1934 Last Structure Change Effective Date: November 01, 2001 Last Structure Change Process Date: November 19, 2001 Last Data Update: November 19, 2001 Data Source Date: April 05, 2012
Location
Address: 1 West White Street, Preston, IA 52069 County: Jackson 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
Financial Summary
Total assets: $95.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2000)
Dollar figures in thousands
31Total employees (full-time equivalent)
$98,494Total assets
$2,536Cash and due from depository institutions
$0Interest-bearing balances
$21,568Securities
$2,175Federal funds sold & reverse repurchase agreements
$68,633Net loans & leases
$679Loan loss allowance
$0Trading account assets
$1,805Bank premises and fixed assets
$0Other real estate owned
$336Goodwill and other intangibles
$0Life insurance assets
$1,441All other assets
$98,494Total liabilities and capital
$89,843Total liabilities
$84,946Total deposits
$77,750Interest-bearing deposits
$84,946Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$4,000Other borrowed funds
$0Subordinated debt
$898All other liabilities
$8,651Total equity capital
$8,651Total bank equity capital
$8,651Perpetual preferred stock
$0Common stock
$230Surplus
$3,070Undivided profits
Memoranda
$5,351Noncurrent loans and leases
$7,290Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$671Earning assets
$72Long-term assets (5+ years)
$1,070Average Assets, year-to-date
$92,376Average Assets, quarterly
$5,015Volatile liabilities
$94,812Insider loans
$97,429FHLB advances
$12,153Loans and leases held for sale
$598Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$7,290Total unused commitments
$0Restructured Loans and leases
$679Derivatives
Income and Expense (December 31, 2000)
Dollar figures in thousands
$7,119Total interest income
$4,208Total interest expense
$2,911Net interest income
$120Provision for loan and lease losses
$305Total noninterest income
$0Fiduciary activities
$231Service charges on deposit accounts
$0Trading account gains & fees
$74Additional noninterest income
$1,705Total noninterest expense
$952Salaries and employee benefits
$280Premises and equipment expense
$473Additional noninterest expense
$1,391Pre-tax net operating income
$0Securities gains (losses)
$73Applicable income taxes
$1,318Income before extraordinary items
$0Extraordinary gains - net
$1,318Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$176Sale, conversion, retirement of capital stock, net
$1,265Net operating income
Performance and Condition Ratios (December 31, 2000)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.96%Yield on earning assets
4.71%Cost of funding earning assets
3.26%Net interest margin
0.34%Noninterest income to earning assets
1.91%Noninterest expense to earning assets
1.39%Net operating income to assets
1.39%Return on assets (ROA)
1.47%Pretax return on assets
16.29%Return on equity (ROE)
0.66%Retained earnings to average equity (YTD only)
0.26%Net charge-offs to loans
68.18%Credit loss provision to net charge-offs
8.59%Efficiency ratio
51,306Assets per employee
3.18%Cash dividends to net income (YTD only)
Condition Ratios (%)
95.98%Loss allowance to loans
0.98%Loss allowance to noncurrent loans
101.19%Noncurrent assets plus other real estate owned to assets
0.68%Noncurrent loans to loans
0.97%Net loans and leases to deposits
80.80%Net loans and leases to core deposits
94.29%Equity capital to assets
8.78%Core capital (leverage) ratio
8.53%Tier 1 risk-based capital ratio
12.30%Total risk-based capital ratio
Memoranda
$13Average assets
$94,812Average earning assets
$8,090Average equity
$89,422Average loans
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