FDIC Certificate #: 8754 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Northeast Security Bank (#18384) Federal Reserve ID: 650647 Date Established: January 01, 1897 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 5571 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: January 01, 1934 Last Structure Change Effective Date: April 01, 2008 Last Structure Change Process Date: April 04, 2008 Last Data Update: April 04, 2008 Data Source Date: April 05, 2012
Location
Address: 119 East Main Street, Fairbank, IA 50629 County: Buchanan 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
Financial Summary
Total assets: $29.7 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2007)
Dollar figures in thousands
6Total employees (full-time equivalent)
$30,115Total assets
$871Cash and due from depository institutions
$0Interest-bearing balances
$6,443Securities
$825Federal funds sold & reverse repurchase agreements
$20,030Net loans & leases
$191Loan loss allowance
$0Trading account assets
$318Bank premises and fixed assets
$0Other real estate owned
$1,205Goodwill and other intangibles
$0Life insurance assets
$423All other assets
$30,115Total liabilities and capital
$26,680Total liabilities
$25,929Total deposits
$22,685Interest-bearing deposits
$25,929Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$751All other liabilities
$3,435Total equity capital
$3,435Total bank equity capital
$3,435Perpetual preferred stock
$0Common stock
$78Surplus
$3,075Undivided profits
Memoranda
$282Noncurrent loans and leases
$5,737Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$596Earning assets
$0Long-term assets (5+ years)
$403Average Assets, year-to-date
$27,298Average Assets, quarterly
$4,907Volatile liabilities
$28,973Insider loans
$29,381FHLB advances
$3,350Loans and leases held for sale
$1,566Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$5,737Total unused commitments
$0Restructured Loans and leases
$191Derivatives
Income and Expense (December 31, 2007)
Dollar figures in thousands
$1,781Total interest income
$822Total interest expense
$959Net interest income
$24Provision for loan and lease losses
$142Total noninterest income
$0Fiduciary activities
$108Service charges on deposit accounts
$0Trading account gains & fees
$34Additional noninterest income
$648Total noninterest expense
$336Salaries and employee benefits
$82Premises and equipment expense
$230Additional noninterest expense
$429Pre-tax net operating income
-$36Securities gains (losses)
$137Applicable income taxes
$256Income before extraordinary items
$0Extraordinary gains - net
$256Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$7Sale, conversion, retirement of capital stock, net
$508Net operating income
Performance and Condition Ratios (December 31, 2007)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.78%Yield on earning assets
3.13%Cost of funding earning assets
3.65%Net interest margin
0.54%Noninterest income to earning assets
2.47%Noninterest expense to earning assets
0.96%Net operating income to assets
0.88%Return on assets (ROA)
1.36%Pretax return on assets
7.01%Return on equity (ROE)
-6.90%Retained earnings to average equity (YTD only)
0.04%Net charge-offs to loans
342.86%Credit loss provision to net charge-offs
64.71%Efficiency ratio
56,767Assets per employee
5.02%Cash dividends to net income (YTD only)
Condition Ratios (%)
198.44%Loss allowance to loans
0.94%Loss allowance to noncurrent loans
32.05%Noncurrent assets plus other real estate owned to assets
1.98%Noncurrent loans to loans
2.95%Net loans and leases to deposits
77.25%Net loans and leases to core deposits
88.71%Equity capital to assets
11.41%Core capital (leverage) ratio
7.82%Tier 1 risk-based capital ratio
9.79%Total risk-based capital ratio
Memoranda
$11Average assets
$28,973Average earning assets
$3,650Average equity
$26,284Average loans
Total Fiduciary and Related Assets (December 31, 2007)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
YesFiduciary powers granted
YesFiduciary or related activity
$3Managed Assets
1Number of Accounts
$3Personal trust and agency accounts
$3Employee 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
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