FDIC Certificate #: 8083 Status: Active Federal Reserve ID: 682648 Bank Holding Company (Regulatory Top Holder): Vanderbilt Holding Company, Inc. (RSSDID: 2524537, Location: Fairfax, IA) Date Established: October 20, 1924 WWW:http://www.thebankhere.com Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 5140 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: Yes Asset Concentration Hierarchy: Other Specialized Lending < 1 Billion 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: 409 Vanderbilt Street, Fairfax, IA 52228 County: Linn 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 Metropolitan Statistical Area (MSA): Cedar Rapids, IA (#1360) Core Based Statistical Area (CBSA): Cedar Rapids, IA (#16300) CBSA Metro Statistical Area: Cedar Rapids, IA (#16300)
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $148.9 mil Equity capital: $16.0 mil Deposits held in domestic offices: $131.5 mil Return on assets (ROA): -0.33% (-$0.5 mil) Quarterly return on assets: -0.08% (-$0.1 mil) Return on Equity (ROE): -3.03% (-$0.5 mil) Quarterly return on equity: -0.77% (-$0.1 mil) Net income: -$0.5 mil Quarterly Net income: -$0.0 mil Pretax return on assets: -0.33% (-$491.4 mil) Quarterly Pretax return on assets: -0.08% (-$119.1 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
40Total employees (full-time equivalent)
$148,911Total assets
$10,980Cash and due from depository institutions
$8,525Interest-bearing balances
$76,191Securities
$3,432Federal funds sold & reverse repurchase agreements
$52,050Net loans & leases
$1,074Loan loss allowance
$0Trading account assets
$3,381Bank premises and fixed assets
$927Other real estate owned
$0Goodwill and other intangibles
$148,911Life insurance assets
$1,950All other assets
$132,867Total liabilities and capital
$131,482Total liabilities
$115,741Total deposits
$131,482Interest-bearing deposits
$85Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$1,385Subordinated debt
$16,044All other liabilities
$16,044Total equity capital
$16,044Total bank equity capital
$0Perpetual preferred stock
$200Common stock
$2,800Surplus
$13,044Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$2,184Income earned, not collected on loans
$0Earning assets
$1,014Long-term assets (5+ years)
$140,198Average Assets, year-to-date
$33,816Average Assets, quarterly
$144,153Volatile liabilities
$147,121Insider loans
$87,081FHLB advances
$150,596Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$15,105Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$5,205Restructured Loans and leases
$198Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$5,963Total interest income
$1,604Total interest expense
$4,359Net interest income
$2,085Provision for loan and lease losses
$1,746Total noninterest income
$10Fiduciary activities
$264Service charges on deposit accounts
$0Trading account gains & fees
$1,472Additional noninterest income
$4,649Total noninterest expense
$1,960Salaries and employee benefits
$196Premises and equipment expense
$2,493Additional noninterest expense
-$629Pre-tax net operating income
$155Securities gains (losses)
$0Applicable income taxes
-$474Income before extraordinary items
$0Extraordinary gains - net
-$474Net income attributable to bank
$0Net charge-offs
-$474Cash dividends
$1,996Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.38%Yield on earning assets
1.18%Cost of funding earning assets
3.20%Net interest margin
1.28%Noninterest income to earning assets
3.42%Noninterest expense to earning assets
-0.44%Net operating income to assets
-0.33%Return on assets (ROA)
-0.33%Pretax return on assets
-3.03%Return on equity (ROE)
-3.03%Retained earnings to average equity (YTD only)
3.52%Net charge-offs to loans
104.46%Credit loss provision to net charge-offs
0.73%Efficiency ratio
76,151Assets per employee
3.72%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.02%Loss allowance to noncurrent loans
49.18%Noncurrent assets plus other real estate owned to assets
2.09%Noncurrent loans to loans
4.11%Net loans and leases to deposits
39.59%Net loans and leases to core deposits
39.68%Equity capital to assets
10.77%Core capital (leverage) ratio
10.03%Tier 1 risk-based capital ratio
17.35%Total risk-based capital ratio
Memoranda
$19Average assets
$144,153Average earning assets
$15,664Average equity
$136,048Average loans
Total Fiduciary and Related Assets (December 31, 2011)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
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