FDIC Certificate #: 243 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Kerndt Brothers Savings Bank (#8761) Federal Reserve ID: 896641 Date Established: July 05, 1913 WWW:http://www.fsb@alpinecom.net Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) OTS Docket #: 12141 FDIC's unique #: 195 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 01, 1934 Last Structure Change Effective Date: August 08, 2003 Last Structure Change Process Date: September 26, 2003 Last Data Update: September 26, 2003 Data Source Date: April 05, 2012
Location
Address: 205 North Vine Street, West Union, IA 52175 County: Fayette 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: $49.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2002)
Dollar figures in thousands
16Total employees (full-time equivalent)
$50,622Total assets
$2,876Cash and due from depository institutions
$100Interest-bearing balances
$8,384Securities
$2,571Federal funds sold & reverse repurchase agreements
$33,288Net loans & leases
$518Loan loss allowance
$0Trading account assets
$943Bank premises and fixed assets
$0Other real estate owned
$362Goodwill and other intangibles
$0Life insurance assets
$2,198All other assets
$50,622Total liabilities and capital
$45,622Total liabilities
$38,216Total deposits
$33,884Interest-bearing deposits
$38,216Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$7,031Other borrowed funds
$0Subordinated debt
$375All other liabilities
$5,000Total equity capital
$5,000Total bank equity capital
$5,000Perpetual preferred stock
$0Common stock
$246Surplus
$2,652Undivided profits
Memoranda
$2,102Noncurrent loans and leases
$2,953Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$346Earning assets
$0Long-term assets (5+ years)
$805Average Assets, year-to-date
$44,343Average Assets, quarterly
$5,176Volatile liabilities
$49,134Insider loans
$50,177FHLB advances
$3,213Loans and leases held for sale
$782Unused loan commitments
$7,031Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$2,953Total unused commitments
$0Restructured Loans and leases
$506Derivatives
Income and Expense (December 31, 2002)
Dollar figures in thousands
$2,985Total interest income
$1,441Total interest expense
$1,544Net interest income
$0Provision for loan and lease losses
$215Total noninterest income
$1Fiduciary activities
$72Service charges on deposit accounts
$0Trading account gains & fees
$142Additional noninterest income
$1,635Total noninterest expense
$570Salaries and employee benefits
$143Premises and equipment expense
$922Additional noninterest expense
$124Pre-tax net operating income
$0Securities gains (losses)
$37Applicable income taxes
$87Income before extraordinary items
$0Extraordinary gains - net
$87Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$15Sale, conversion, retirement of capital stock, net
$191Net operating income
Performance and Condition Ratios (December 31, 2002)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.79%Yield on earning assets
3.28%Cost of funding earning assets
3.51%Net interest margin
0.49%Noninterest income to earning assets
3.72%Noninterest expense to earning assets
0.18%Net operating income to assets
0.18%Return on assets (ROA)
0.25%Pretax return on assets
1.67%Return on equity (ROE)
-1.99%Retained earnings to average equity (YTD only)
-0.05%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
66,117Assets per employee
3.16%Cash dividends to net income (YTD only)
Condition Ratios (%)
219.54%Loss allowance to loans
1.53%Loss allowance to noncurrent loans
149.71%Noncurrent assets plus other real estate owned to assets
0.68%Noncurrent loans to loans
1.02%Net loans and leases to deposits
87.10%Net loans and leases to core deposits
93.89%Equity capital to assets
9.88%Core capital (leverage) ratio
9.19%Tier 1 risk-based capital ratio
11.32%Total risk-based capital ratio
Memoranda
$13Average assets
$49,134Average earning assets
$5,217Average equity
$43,935Average loans
Total Fiduciary and Related Assets (December 31, 2002)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
YesFiduciary powers granted
YesFiduciary or related activity
$663Managed Assets
1Number of Accounts
$158Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$0Other retirement accounts
$0Corporate trust and agency accounts
$158Investment management agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
$0Non-managed Assets
12Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$505Other retirement accounts
$21Corporate trust and agency accounts
$0Other fiduciary accounts
$484Fiduciary accounts held in foreign offices
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