FDIC Certificate #: 34857 Status: Active Federal Reserve ID: 2702764 Bank Holding Company (Regulatory Top Holder): First Belmond Bancorporation (RSSDID: 1204887, Location: Belmond, IA) Date Established: October 01, 1998 WWW:http://www.bankoelwein.com Trust Powers Granted: Yes Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 61820 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Agricultural lending institution: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: No Asset Concentration Hierarchy: Agricultural Specialization Date of Deposit Insurance: October 01, 1998 Last Structure Change Effective Date: May 15, 2006 Last Structure Change Process Date: June 08, 2006 Last Data Update: June 08, 2006 Data Source Date: April 05, 2012
Location
Address: 150 1st Street, S.E., Oelwein, IA 50662 County: Fayette 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
History of Changes
Change in Trust Powers
Financial Summary
Total assets: $79.3 mil Equity capital: $6.7 mil Deposits held in domestic offices: $71.6 mil Return on assets (ROA): 0.93% ($0.7 mil) Quarterly return on assets: -1.28% (-$1.0 mil) Return on Equity (ROE): 11.49% ($0.8 mil) Quarterly return on equity: -14.76% (-$1.0 mil) Net income: $0.7 mil Quarterly Net income: -$0.3 mil Pretax return on assets: 0.99% ($785.4 mil) Quarterly Pretax return on assets: -2.47% (-$1,959.4 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2011)
Dollar figures in thousands
9Total employees (full-time equivalent)
$79,329Total assets
$5,010Cash and due from depository institutions
$4,142Interest-bearing balances
$41,405Securities
$497Federal funds sold & reverse repurchase agreements
$29,823Net loans & leases
$808Loan loss allowance
$0Trading account assets
$649Bank premises and fixed assets
$340Other real estate owned
$0Goodwill and other intangibles
$79,329Life insurance assets
$1,605All other assets
$72,582Total liabilities and capital
$71,624Total liabilities
$68,780Total deposits
$71,624Interest-bearing deposits
$92Deposits held in domestic offices
208.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$750Subordinated debt
$6,747All other liabilities
$6,747Total equity capital
$6,747Total bank equity capital
$0Perpetual preferred stock
$239Common stock
$2,641Surplus
$3,867Undivided profits
Memoranda
$0Noncurrent loans and leases
$62Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$459Income earned, not collected on loans
$0Earning assets
$667Long-term assets (5+ years)
$75,867Average Assets, year-to-date
$36,717Average Assets, quarterly
$76,140Volatile liabilities
$79,042Insider loans
$39,550FHLB advances
$79,153Loans and leases held for sale
$544Unused loan commitments
$544Tier 1 (core) risk-based capital
$5,979Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$4,827Restructured Loans and leases
$367Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$3,078Total interest income
$1,090Total interest expense
$1,988Net interest income
$620Provision for loan and lease losses
$20Total noninterest income
$1Fiduciary activities
$127Service charges on deposit accounts
$0Trading account gains & fees
-$108Additional noninterest income
$1,194Total noninterest expense
$602Salaries and employee benefits
$153Premises and equipment expense
$439Additional noninterest expense
$194Pre-tax net operating income
$559Securities gains (losses)
$45Applicable income taxes
$708Income before extraordinary items
$0Extraordinary gains - net
$708Net income attributable to bank
$0Net charge-offs
$708Cash dividends
$175Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.24%Yield on earning assets
1.50%Cost of funding earning assets
2.74%Net interest margin
0.03%Noninterest income to earning assets
1.64%Noninterest expense to earning assets
0.24%Net operating income to assets
0.93%Return on assets (ROA)
0.99%Pretax return on assets
11.49%Return on equity (ROE)
11.49%Retained earnings to average equity (YTD only)
0.55%Net charge-offs to loans
354.29%Credit loss provision to net charge-offs
4.65%Efficiency ratio
59,462Assets per employee
8.81%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.64%Loss allowance to noncurrent loans
176.03%Noncurrent assets plus other real estate owned to assets
1.01%Noncurrent loans to loans
1.50%Net loans and leases to deposits
41.64%Net loans and leases to core deposits
48.43%Equity capital to assets
8.51%Core capital (leverage) ratio
7.55%Tier 1 risk-based capital ratio
15.12%Total risk-based capital ratio
Memoranda
$16Average assets
$76,140Average earning assets
$6,162Average equity
$72,600Average loans
Total Fiduciary and Related Assets (December 31, 2011)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
YesFiduciary powers granted
YesFiduciary or related activity
$687Managed Assets
1Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$0Other retirement accounts
$0Corporate trust and agency accounts
$0Investment management agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
$0Non-managed Assets
3Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$687Other retirement accounts
$687Corporate trust and agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
List of branches
1 Iowa Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
61820
Community Bank Of Oelwein
150 1st Street, S.E., Oelwein, IA 50662
October 01, 1998
Full Service Brick and Mortar
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