Family Merchants Bank in Cedar Rapids, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 01, 2009

Family Merchants Bank in Cedar Rapids, Iowa (IA)
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Family Merchants Bank - Overview

General
FDIC Certificate #: 58028
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Kerndt Brothers Savings Bank (#8761)
Federal Reserve ID: 3322347
Date Established: June 01, 2005
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 434094
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: June 01, 2005
Last Structure Change Effective Date: January 01, 2009
Last Structure Change Process Date: Febuary 25, 2009
Last Data Update: Febuary 25, 2009
Data Source Date: April 05, 2012
Location
Address: 600 Boyson Road Northeast, Cedar Rapids, IA 52402
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)
Financial Summary
Total assets: $37.3 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, 2008)

Dollar figures in thousands
10Total employees (full-time equivalent)
$37,265Total assets
$667Cash and due from depository institutions
$82Interest-bearing balances
$2,773Securities
$5,178Federal funds sold & reverse repurchase agreements
$21,522Net loans & leases
$552Loan loss allowance
$0Trading account assets
$2,624Bank premises and fixed assets
$1,383Other real estate owned
$2,503Goodwill and other intangibles
$0Life insurance assets
$615All other assets
$37,265Total liabilities and capital
$31,490Total liabilities
$24,094Total deposits
$22,822Interest-bearing deposits
$24,094Deposits held in domestic offices
0.00%% insured (estimated)
$1,698Federal funds purchased & repurchase agreements
$0Trading liabilities
$5,485Other borrowed funds
$0Subordinated debt
$213All other liabilities
$5,775Total equity capital
$5,775Total bank equity capital
$5,775Perpetual preferred stock
$0Common stock
$519Surplus
$8,237Undivided profits
Memoranda
$-2,981Noncurrent loans and leases
$727Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,337Earning assets
$0Long-term assets (5+ years)
$235Average Assets, year-to-date
$29,555Average Assets, quarterly
$600Volatile liabilities
$37,848Insider loans
$37,110FHLB advances
$10,116Loans and leases held for sale
$573Unused loan commitments
$5,485Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$727Total unused commitments
$0Restructured Loans and leases
$386Derivatives

Income and Expense (December 31, 2008)

Dollar figures in thousands
$1,998Total interest income
$1,254Total interest expense
$744Net interest income
$204Provision for loan and lease losses
$92Total noninterest income
$0Fiduciary activities
$71Service charges on deposit accounts
$0Trading account gains & fees
$21Additional noninterest income
$1,453Total noninterest expense
$526Salaries and employee benefits
$317Premises and equipment expense
$610Additional noninterest expense
-$821Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
-$821Income before extraordinary items
$0Extraordinary gains - net
-$821Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$219Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2008)

Dollar figures in thousands
Performance Ratios (%, annualized)
6.42%Yield on earning assets
4.03%Cost of funding earning assets
2.39%Net interest margin
0.30%Noninterest income to earning assets
4.67%Noninterest expense to earning assets
-2.17%Net operating income to assets
-2.17%Return on assets (ROA)
-2.17%Pretax return on assets
-15.12%Return on equity (ROE)
-15.12%Retained earnings to average equity (YTD only)
0.88%Net charge-offs to loans
93.15%Credit loss provision to net charge-offs
-2.82%Efficiency ratio
173,804Assets per employee
3.73%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.50%Loss allowance to noncurrent loans
41.29%Noncurrent assets plus other real estate owned to assets
7.30%Noncurrent loans to loans
6.06%Net loans and leases to deposits
89.33%Net loans and leases to core deposits
137.29%Equity capital to assets
15.50%Core capital (leverage) ratio
9.39%Tier 1 risk-based capital ratio
10.49%Total risk-based capital ratio
Memoranda
$12Average assets
$37,848Average earning assets
$5,431Average equity
$31,109Average loans

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