FDIC Certificate #: 13655 Status: Active Federal Reserve ID: 372248 Bank Holding Company (Regulatory Top Holder): Terry Bancorporation (RSSDID: 1208812, Location: Walford, IA) Date Established: September 15, 1902 WWW:http://www.walfordbank.com Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) OTS Docket #: 12999 FDIC's unique #: 8533 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: December 06, 2007 Last Structure Change Process Date: December 07, 2007 Last Data Update: December 07, 2007 Data Source Date: April 05, 2012
Location
Address: 345 Highway 151 W, Walford, IA 52351 County: Benton 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 Core Based Statistical Area (CBSA): Cedar Rapids, IA (#16300) CBSA Metro Statistical Area: Cedar Rapids, IA (#16300)
History of Changes
Change in Location
Financial Summary
Total assets: $44.9 mil Equity capital: $4.9 mil Deposits held in domestic offices: $39.8 mil Return on assets (ROA): 0.32% ($0.1 mil) Quarterly return on assets: 0.61% ($0.3 mil) Return on Equity (ROE): 3.12% ($0.2 mil) Quarterly return on equity: 5.56% ($0.3 mil) Net income: $0.1 mil Quarterly Net income: $0.1 mil Pretax return on assets: 0.33% ($148.1 mil) Quarterly Pretax return on assets: 0.66% ($296.2 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
9Total employees (full-time equivalent)
$44,874Total assets
$2,688Cash and due from depository institutions
$1,653Interest-bearing balances
$24,872Securities
$358Federal funds sold & reverse repurchase agreements
$14,977Net loans & leases
$151Loan loss allowance
$0Trading account assets
$926Bank premises and fixed assets
$505Other real estate owned
$0Goodwill and other intangibles
$44,874Life insurance assets
$548All other assets
$39,976Total liabilities and capital
$39,787Total liabilities
$32,928Total deposits
$39,787Interest-bearing deposits
$97Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$189Subordinated debt
$4,898All other liabilities
$4,898Total equity capital
$4,898Total bank equity capital
$0Perpetual preferred stock
$75Common stock
$1,175Surplus
$3,648Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$264Income earned, not collected on loans
$0Earning assets
$261Long-term assets (5+ years)
$41,860Average Assets, year-to-date
$26,364Average Assets, quarterly
$44,498Volatile liabilities
$45,113Insider loans
$23,979FHLB advances
$45,333Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$4,602Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$2,676Restructured Loans and leases
$109Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$1,852Total interest income
$503Total interest expense
$1,349Net interest income
-$35Provision for loan and lease losses
$153Total noninterest income
$0Fiduciary activities
$131Service charges on deposit accounts
$0Trading account gains & fees
$22Additional noninterest income
$1,390Total noninterest expense
$694Salaries and employee benefits
$129Premises and equipment expense
$567Additional noninterest expense
$147Pre-tax net operating income
$1Securities gains (losses)
$7Applicable income taxes
$141Income before extraordinary items
$0Extraordinary gains - net
$141Net income attributable to bank
$0Net charge-offs
$141Cash dividends
$17Sale, conversion, retirement of capital stock, net
$85Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.57%Yield on earning assets
1.24%Cost of funding earning assets
3.33%Net interest margin
0.38%Noninterest income to earning assets
3.43%Noninterest expense to earning assets
0.31%Net operating income to assets
0.32%Return on assets (ROA)
0.33%Pretax return on assets
3.12%Return on equity (ROE)
1.24%Retained earnings to average equity (YTD only)
0.11%Net charge-offs to loans
-205.88%Credit loss provision to net charge-offs
6.59%Efficiency ratio
92,543Assets per employee
4.99%Cash dividends to net income (YTD only)
Condition Ratios (%)
60.28%Loss allowance to loans
1.00%Loss allowance to noncurrent loans
57.20%Noncurrent assets plus other real estate owned to assets
1.71%Noncurrent loans to loans
1.75%Net loans and leases to deposits
37.64%Net loans and leases to core deposits
38.30%Equity capital to assets
10.92%Core capital (leverage) ratio
10.15%Tier 1 risk-based capital ratio
19.19%Total risk-based capital ratio
Memoranda
$20Average assets
$44,498Average earning assets
$4,514Average equity
$40,545Average loans
Total Fiduciary and Related Assets (December 31, 2010)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
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