FDIC Certificate #: 13772 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Exchange State Bank (#10132) Federal Reserve ID: 681744 Date Established: September 23, 1918 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) OTS Docket #: 14681 FDIC's unique #: 8610 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 27, 1934 Last Structure Change Effective Date: January 01, 2002 Last Structure Change Process Date: January 29, 2002 Last Data Update: January 29, 2002 Data Source Date: April 05, 2012
Location
Address: 207 East Washington, Exira, IA 50076 County: Audubon 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: $30.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2001)
Dollar figures in thousands
8Total employees (full-time equivalent)
$29,965Total assets
$943Cash and due from depository institutions
$0Interest-bearing balances
$7,673Securities
$3,500Federal funds sold & reverse repurchase agreements
$17,076Net loans & leases
$246Loan loss allowance
$0Trading account assets
$100Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$673All other assets
$29,965Total liabilities and capital
$27,664Total liabilities
$25,003Total deposits
$22,621Interest-bearing deposits
$25,003Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$2,431Other borrowed funds
$0Subordinated debt
$230All other liabilities
$2,301Total equity capital
$2,301Total bank equity capital
$2,301Perpetual preferred stock
$0Common stock
$300Surplus
$1,250Undivided profits
Memoranda
$751Noncurrent loans and leases
$2,769Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1Earning assets
$0Long-term assets (5+ years)
$530Average Assets, year-to-date
$28,249Average Assets, quarterly
$5,116Volatile liabilities
$28,829Insider loans
$29,365FHLB advances
$2,495Loans and leases held for sale
$43Unused loan commitments
$2,431Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$2,769Total unused commitments
$0Restructured Loans and leases
$246Derivatives
Income and Expense (December 31, 2001)
Dollar figures in thousands
$1,980Total interest income
$1,112Total interest expense
$868Net interest income
$24Provision for loan and lease losses
$84Total noninterest income
$0Fiduciary activities
$63Service charges on deposit accounts
$0Trading account gains & fees
$21Additional noninterest income
$708Total noninterest expense
$513Salaries and employee benefits
$62Premises and equipment expense
$133Additional noninterest expense
$220Pre-tax net operating income
$50Securities gains (losses)
$15Applicable income taxes
$255Income before extraordinary items
$0Extraordinary gains - net
$255Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$9Sale, conversion, retirement of capital stock, net
$375Net operating income
Performance and Condition Ratios (December 31, 2001)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.27%Yield on earning assets
4.08%Cost of funding earning assets
3.19%Net interest margin
0.31%Noninterest income to earning assets
2.60%Noninterest expense to earning assets
0.72%Net operating income to assets
0.88%Return on assets (ROA)
0.94%Pretax return on assets
10.96%Return on equity (ROE)
-5.16%Retained earnings to average equity (YTD only)
0.05%Net charge-offs to loans
266.67%Credit loss provision to net charge-offs
27.11%Efficiency ratio
74,370Assets per employee
3.75%Cash dividends to net income (YTD only)
Condition Ratios (%)
147.06%Loss allowance to loans
1.42%Loss allowance to noncurrent loans
24600.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.01%Net loans and leases to deposits
68.30%Net loans and leases to core deposits
75.78%Equity capital to assets
7.68%Core capital (leverage) ratio
7.40%Tier 1 risk-based capital ratio
9.85%Total risk-based capital ratio
Memoranda
$11Average assets
$28,829Average earning assets
$2,327Average equity
$27,235Average loans
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