FDIC Certificate #: 18944 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:F&M Bank (#14922) Federal Reserve ID: 655857 Date Established: November 22, 1963 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Interstate: No) OTS Docket #: 11960 FDIC's unique #: 12789 Numeric code: 21 Regulator: FDIC 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: November 22, 1963 Last Structure Change Effective Date: September 25, 2010 Last Structure Change Process Date: October 06, 2010 Last Data Update: October 06, 2010 Data Source Date: April 05, 2012
Location
Address: 2024 Dakota Avenue, South Sioux City, NE 68776 County: Dakota Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Sioux City Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: West Metropolitan Statistical Area (MSA): Sioux City, IA-NE (#7720) Combined Statistical Area (CSA): Sioux City-Vermillion, IA-NE-SD (#512) Core Based Statistical Area (CBSA): Sioux City, IA-NE-SD (#43580) CBSA Metro Statistical Area: Sioux City, IA-NE-SD (#43580)
Financial Summary
Total assets: $93.7 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2009)
Dollar figures in thousands
28Total employees (full-time equivalent)
$88,625Total assets
$19,330Cash and due from depository institutions
$16,756Interest-bearing balances
$13,783Securities
$0Federal funds sold & reverse repurchase agreements
$51,793Net loans & leases
$1,045Loan loss allowance
$0Trading account assets
$2,246Bank premises and fixed assets
$75Other real estate owned
$0Goodwill and other intangibles
$54Life insurance assets
$1,398All other assets
$88,625Total liabilities and capital
$80,587Total liabilities
$76,020Total deposits
$61,167Interest-bearing deposits
$76,020Deposits held in domestic offices
87.82%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$4,412Other borrowed funds
$0Subordinated debt
$155All other liabilities
$8,038Total equity capital
$8,038Total bank equity capital
$8,038Perpetual preferred stock
$0Common stock
$523Surplus
$5,477Undivided profits
Memoranda
$2,038Noncurrent loans and leases
$19,352Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,374Earning assets
$0Long-term assets (5+ years)
$482Average Assets, year-to-date
$82,332Average Assets, quarterly
$7,894Volatile liabilities
$87,767Insider loans
$89,012FHLB advances
$15,853Loans and leases held for sale
$1,550Unused loan commitments
$4,412Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$19,352Total unused commitments
$0Restructured Loans and leases
$718Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$4,084Total interest income
$1,115Total interest expense
$2,969Net interest income
$281Provision for loan and lease losses
$856Total noninterest income
$0Fiduciary activities
$322Service charges on deposit accounts
$0Trading account gains & fees
$534Additional noninterest income
$2,623Total noninterest expense
$1,403Salaries and employee benefits
$377Premises and equipment expense
$843Additional noninterest expense
$921Pre-tax net operating income
$0Securities gains (losses)
$33Applicable income taxes
$888Income before extraordinary items
$0Extraordinary gains - net
$888Net income attributable to bank
$0Net charge-offs
$888Cash dividends
$79Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.98%Yield on earning assets
1.36%Cost of funding earning assets
3.62%Net interest margin
1.04%Noninterest income to earning assets
3.20%Noninterest expense to earning assets
1.01%Net operating income to assets
1.01%Return on assets (ROA)
1.05%Pretax return on assets
11.70%Return on equity (ROE)
11.70%Retained earnings to average equity (YTD only)
0.14%Net charge-offs to loans
355.70%Credit loss provision to net charge-offs
15.22%Efficiency ratio
68,575Assets per employee
3.17%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.98%Loss allowance to noncurrent loans
76.06%Noncurrent assets plus other real estate owned to assets
1.63%Noncurrent loans to loans
2.60%Net loans and leases to deposits
68.13%Net loans and leases to core deposits
86.08%Equity capital to assets
9.07%Core capital (leverage) ratio
9.14%Tier 1 risk-based capital ratio
14.03%Total risk-based capital ratio
Memoranda
$15Average assets
$87,767Average earning assets
$7,593Average equity
$81,942Average loans
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