FDIC Certificate #: 58284 Status: Inactive Closing history: Absorption - Without Assistance Acquiring institution:Central State Bank (#1550) Federal Reserve ID: 3394670 Date Established: Febuary 22, 2006 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 2 (Interstate: No) FDIC's unique #: 445317 Numeric code: 13 Regulator: FED Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: Febuary 22, 2006 Last Structure Change Effective Date: October 22, 2010 Last Structure Change Process Date: December 07, 2010 Last Data Update: December 07, 2010 Data Source Date: April 05, 2012
Location
Address: 2530 Corridor Way, Coralville, IA 52241 County: Johnson 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): Iowa City, IA (#3500) Core Based Statistical Area (CBSA): Iowa City, IA (#26980) CBSA Metro Statistical Area: Iowa City, IA (#26980)
Financial Summary
Total assets: $58.4 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2009)
Dollar figures in thousands
14Total employees (full-time equivalent)
$67,159Total assets
$3,841Cash and due from depository institutions
$3,190Interest-bearing balances
$788Securities
$3,060Federal funds sold & reverse repurchase agreements
$56,537Net loans & leases
$809Loan loss allowance
$0Trading account assets
$638Bank premises and fixed assets
$807Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,488All other assets
$67,159Total liabilities and capital
$61,435Total liabilities
$57,488Total deposits
$55,279Interest-bearing deposits
$57,488Deposits held in domestic offices
93.67%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$3,730Other borrowed funds
$0Subordinated debt
$217All other liabilities
$5,724Total equity capital
$5,724Total bank equity capital
$5,724Perpetual preferred stock
$0Common stock
$600Surplus
$7,400Undivided profits
Memoranda
$-2,276Noncurrent loans and leases
$815Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$383Earning assets
$0Long-term assets (5+ years)
$242Average Assets, year-to-date
$63,575Average Assets, quarterly
$1,411Volatile liabilities
$63,289Insider loans
$66,254FHLB advances
$12,836Loans and leases held for sale
$1,001Unused loan commitments
$3,730Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$815Total unused commitments
$0Restructured Loans and leases
$719Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$3,587Total interest income
$1,702Total interest expense
$1,885Net interest income
$349Provision for loan and lease losses
$17Total noninterest income
$0Fiduciary activities
$98Service charges on deposit accounts
$0Trading account gains & fees
-$81Additional noninterest income
$1,802Total noninterest expense
$918Salaries and employee benefits
$421Premises and equipment expense
$463Additional noninterest expense
-$249Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
-$249Income before extraordinary items
$0Extraordinary gains - net
-$249Net income attributable to bank
$0Net charge-offs
-$249Cash dividends
$154Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.02%Yield on earning assets
2.86%Cost of funding earning assets
3.16%Net interest margin
0.03%Noninterest income to earning assets
3.03%Noninterest expense to earning assets
-0.39%Net operating income to assets
-0.39%Return on assets (ROA)
-0.39%Pretax return on assets
-4.24%Return on equity (ROE)
-4.24%Retained earnings to average equity (YTD only)
0.28%Net charge-offs to loans
226.62%Credit loss provision to net charge-offs
0.65%Efficiency ratio
94,742Assets per employee
4.80%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.41%Loss allowance to noncurrent loans
211.23%Noncurrent assets plus other real estate owned to assets
1.77%Noncurrent loans to loans
0.67%Net loans and leases to deposits
98.35%Net loans and leases to core deposits
123.45%Equity capital to assets
8.52%Core capital (leverage) ratio
8.45%Tier 1 risk-based capital ratio
9.97%Total risk-based capital ratio
Memoranda
$11Average assets
$63,289Average earning assets
$5,875Average equity
$59,566Average loans
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