FDIC Certificate #: 10489 Status: Active Federal Reserve ID: 609645 Bank Holding Company (Regulatory Top Holder): Kellonto Bankshares Corp. (RSSDID: 1206210, Location: Elgin, IA) Date Established: October 25, 1930 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Domestic: 2, Interstate: No) FDIC's unique #: 6710 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: Yes Asset Concentration Hierarchy: Agricultural Specialization Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: March 31, 2006 Last Structure Change Process Date: November 03, 2006 Last Data Update: November 03, 2006 Data Source Date: April 05, 2012
Location
Address: 241 Center, Elgin, IA 52141 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
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $22.2 mil Equity capital: $1.8 mil Deposits held in domestic offices: $20.4 mil Return on assets (ROA): 0.04% ($0.0 mil) Quarterly return on assets: -1.52% (-$0.3 mil) Return on Equity (ROE): 0.51% ($0.0 mil) Quarterly return on equity: -17.70% (-$0.4 mil) Net income: $0.0 mil Quarterly Net income: -$0.1 mil Pretax return on assets: 0.04% ($8.9 mil) Quarterly Pretax return on assets: -1.52% (-$337.9 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
8Total employees (full-time equivalent)
$22,233Total assets
$1,949Cash and due from depository institutions
$1,097Interest-bearing balances
$10,008Securities
$22Federal funds sold & reverse repurchase agreements
$9,851Net loans & leases
$122Loan loss allowance
$0Trading account assets
$82Bank premises and fixed assets
$40Other real estate owned
$0Goodwill and other intangibles
$22,233Life insurance assets
$281All other assets
$20,422Total liabilities and capital
$20,390Total liabilities
$15,085Total deposits
$20,390Interest-bearing deposits
$98Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$32Subordinated debt
$1,811All other liabilities
$1,811Total equity capital
$1,811Total bank equity capital
$0Perpetual preferred stock
$260Common stock
$515Surplus
$1,036Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$129Income earned, not collected on loans
$0Earning assets
$192Long-term assets (5+ years)
$20,978Average Assets, year-to-date
$9,063Average Assets, quarterly
$21,905Volatile liabilities
$21,609Insider loans
$11,908FHLB advances
$22,219Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$1,742Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$799Restructured Loans and leases
$680Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$983Total interest income
$177Total interest expense
$806Net interest income
$89Provision for loan and lease losses
$88Total noninterest income
$0Fiduciary activities
$84Service charges on deposit accounts
$0Trading account gains & fees
$4Additional noninterest income
$796Total noninterest expense
$457Salaries and employee benefits
$45Premises and equipment expense
$294Additional noninterest expense
$9Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$9Income before extraordinary items
$0Extraordinary gains - net
$9Net income attributable to bank
$0Net charge-offs
$9Cash dividends
$102Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.73%Yield on earning assets
0.85%Cost of funding earning assets
3.88%Net interest margin
0.42%Noninterest income to earning assets
3.83%Noninterest expense to earning assets
0.04%Net operating income to assets
0.04%Return on assets (ROA)
0.04%Pretax return on assets
0.51%Return on equity (ROE)
0.51%Retained earnings to average equity (YTD only)
1.01%Net charge-offs to loans
87.25%Credit loss provision to net charge-offs
0.96%Efficiency ratio
89,038Assets per employee
2.78%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.22%Loss allowance to noncurrent loans
94.57%Noncurrent assets plus other real estate owned to assets
0.76%Noncurrent loans to loans
1.29%Net loans and leases to deposits
48.31%Net loans and leases to core deposits
48.31%Equity capital to assets
8.15%Core capital (leverage) ratio
7.84%Tier 1 risk-based capital ratio
14.63%Total risk-based capital ratio
Memoranda
$16Average assets
$21,905Average earning assets
$1,763Average equity
$20,762Average loans
Total Fiduciary and Related Assets (December 31, 2002)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
YesFiduciary powers granted
YesFiduciary or related activity
$10Managed Assets
1Number of Accounts
$10Personal trust and agency accounts
$10Employee 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
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
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
Bank Assets Sold and Securitized (December 31, 2002)
Dollar figures in thousands
List of branches
2 Iowa Branches as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
6710
Elgin State Bank
241 Center, Elgin, IA 52141
October 25, 1930
Full Service Brick and Mortar
1
222450
Wadena Branch
Main Street, Wadena, IA 52169
December 02, 1936
Full Service Brick and Mortar
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