Emerson State Bank in Emerson, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 30, 1997

Emerson State Bank in Emerson, Iowa (IA)
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Emerson State Bank - Overview

General
FDIC Certificate #: 8753
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Houghton State Bank (#15405)
Federal Reserve ID: 649744
Date Established: October 06, 1903
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 5570
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: January 01, 1934
Last Structure Change Effective Date: September 30, 1997
Last Structure Change Process Date: October 20, 1997
Last Data Update: October 20, 1997
Data Source Date: April 05, 2012
Location
Address: 407 Howland Avenue, Emerson, IA 51533
County: Mills
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Omaha
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: Western
Combined Statistical Area (CSA): Omaha-Council Bluffs-Fremont, NE-IA (#420)
Core Based Statistical Area (CBSA): Omaha-Council Bluffs, NE-IA (#36540)
CBSA Metro Statistical Area: Omaha-Council Bluffs, NE-IA (#36540)
Financial Summary
Total assets: $16.0 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

Dollar figures in thousands
0Total employees (full-time equivalent)
$6Total assets
$15,113Cash and due from depository institutions
$463Interest-bearing balances
$0Securities
$3,610Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$10,423Loan loss allowance
$135Trading account assets
$0Bank premises and fixed assets
$261Other real estate owned
$0Goodwill and other intangibles
$356Life insurance assets
$0All other assets
$0Total liabilities and capital
$15,113Total liabilities
$13,668Total deposits
$13,150Interest-bearing deposits
$12,256Deposits held in domestic offices
13150.00%% insured (estimated)
$95Federal funds purchased & repurchase agreements
$405Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$113Total equity capital
$113Total bank equity capital
$1,445Perpetual preferred stock
$0Common stock
$80Surplus
$420Undivided profits
Memoranda
$945Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$219Income earned, not collected on loans
$256Earning assets
$14,033Long-term assets (5+ years)
$981Average Assets, year-to-date
$15,023Average Assets, quarterly
$15,269Volatile liabilities
$1,181Insider loans
$49FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$617Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$1,445Total risk weighted assets
$11,046Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$1,239Total interest expense
$537Net interest income
$702Provision for loan and lease losses
$115Total noninterest income
$74Fiduciary activities
$0Service charges on deposit accounts
$61Trading account gains & fees
$0Additional noninterest income
$13Total noninterest expense
$366Salaries and employee benefits
$183Premises and equipment expense
$48Additional noninterest expense
$135Pre-tax net operating income
$295Securities gains (losses)
$0Applicable income taxes
$103Income before extraordinary items
$192Extraordinary gains - net
$0Net income attributable to bank
$192Net charge-offs
$90Cash dividends
$300Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1996)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.87%Cost of funding earning assets
3.85%Net interest margin
5.03%Noninterest income to earning assets
0.53%Noninterest expense to earning assets
2.62%Net operating income to assets
1.28%Return on assets (ROA)
1.28%Pretax return on assets
1.96%Return on equity (ROE)
12.07%Retained earnings to average equity (YTD only)
-6.79%Net charge-offs to loans
0.90%Credit loss provision to net charge-offs
127.78%Efficiency ratio
47,165Assets per employee
2.52%Cash dividends to net income (YTD only)
Condition Ratios (%)
156.25%Loss allowance to loans
1.28%Loss allowance to noncurrent loans
61.64%Noncurrent assets plus other real estate owned to assets
1.45%Noncurrent loans to loans
2.07%Net loans and leases to deposits
79.26%Net loans and leases to core deposits
84.23%Equity capital to assets
9.56%Core capital (leverage) ratio
9.45%Tier 1 risk-based capital ratio
13.08%Total risk-based capital ratio
Memoranda
$14Average assets
$15,023Average earning assets
$1,590Average equity
$13,961Average loans

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