FDIC Certificate #: 18399 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Iowa Trust & Savings Bank (#18400) Federal Reserve ID: 216249 Date Established: January 01, 1898 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 12305 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: June 08, 1961 Last Structure Change Effective Date: October 05, 1998 Last Structure Change Process Date: October 29, 1998 Last Data Update: October 29, 1998 Data Source Date: April 05, 2012
Location
Address: Main Street, Cylinder, IA 50528 County: Palo Alto 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
Financial Summary
Total assets: $16.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
9Total employees (full-time equivalent)
$18,445Total assets
$981Cash and due from depository institutions
$0Interest-bearing balances
$4,490Securities
$1,100Federal funds sold & reverse repurchase agreements
$11,064Net loans & leases
$199Loan loss allowance
$0Trading account assets
$37Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$773All other assets
$18,445Total liabilities and capital
$15,488Total liabilities
$15,045Total deposits
$13,885Interest-bearing deposits
$15,045Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$443All other liabilities
$2,957Total equity capital
$2,957Total bank equity capital
$2,957Perpetual preferred stock
$0Common stock
$100Surplus
$700Undivided profits
Memoranda
$2,157Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$12Earning assets
$0Long-term assets (5+ years)
$356Average Assets, year-to-date
$16,654Average Assets, quarterly
$2,275Volatile liabilities
$18,274Insider loans
$18,102FHLB advances
$1,947Loans and leases held for sale
$316Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$872Total unused commitments
$0Restructured Loans and leases
$13,958Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$1,383Total interest income
$589Total interest expense
$794Net interest income
$10Provision for loan and lease losses
$85Total noninterest income
$0Fiduciary activities
$68Service charges on deposit accounts
$0Trading account gains & fees
$17Additional noninterest income
$653Total noninterest expense
$489Salaries and employee benefits
$42Premises and equipment expense
$122Additional noninterest expense
$216Pre-tax net operating income
-$2Securities gains (losses)
$61Applicable income taxes
$153Income before extraordinary items
$0Extraordinary gains - net
$153Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$18Sale, conversion, retirement of capital stock, net
$45Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.26%Yield on earning assets
3.52%Cost of funding earning assets
4.74%Net interest margin
0.51%Noninterest income to earning assets
3.90%Noninterest expense to earning assets
0.85%Net operating income to assets
0.84%Return on assets (ROA)
1.17%Pretax return on assets
5.30%Return on equity (ROE)
3.74%Retained earnings to average equity (YTD only)
0.16%Net charge-offs to loans
55.56%Credit loss provision to net charge-offs
12.56%Efficiency ratio
74,289Assets per employee
2.05%Cash dividends to net income (YTD only)
Condition Ratios (%)
29.41%Loss allowance to loans
1.77%Loss allowance to noncurrent loans
1658.33%Noncurrent assets plus other real estate owned to assets
0.07%Noncurrent loans to loans
0.11%Net loans and leases to deposits
73.54%Net loans and leases to core deposits
84.47%Equity capital to assets
16.03%Core capital (leverage) ratio
15.18%Tier 1 risk-based capital ratio
21.14%Total risk-based capital ratio
Memoranda
$22Average assets
$18,274Average earning assets
$2,888Average equity
$16,741Average loans
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