FDIC Certificate #: 16930 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Iowa Prairie Bank (#17347) Federal Reserve ID: 696243 Date Established: December 01, 1923 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 2 (Interstate: No) FDIC's unique #: 11013 Numeric code: 13 Regulator: FED 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: August 25, 1950 Last Structure Change Effective Date: March 20, 1999 Last Structure Change Process Date: May 06, 1999 Last Data Update: May 06, 1999 Data Source Date: April 05, 2012
Location
Address: 201 Main Street, Merrill, IA 51038 County: Plymouth Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Sioux City Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: Western
Financial Summary
Total assets: $24.1 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1998)
Dollar figures in thousands
10Total employees (full-time equivalent)
$24,142Total assets
$1,207Cash and due from depository institutions
$0Interest-bearing balances
$10,359Securities
$1,225Federal funds sold & reverse repurchase agreements
$10,345Net loans & leases
$284Loan loss allowance
$0Trading account assets
$48Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$958All other assets
$24,142Total liabilities and capital
$20,750Total liabilities
$18,877Total deposits
$14,060Interest-bearing deposits
$18,877Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$1,300Other borrowed funds
$0Subordinated debt
$573All other liabilities
$3,392Total equity capital
$3,392Total bank equity capital
$3,392Perpetual preferred stock
$0Common stock
$100Surplus
$1,200Undivided profits
Memoranda
$2,092Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$198Average Assets, year-to-date
$21,929Average Assets, quarterly
$7,832Volatile liabilities
$24,487Insider loans
$24,579FHLB advances
$205Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,026Total unused commitments
$0Restructured Loans and leases
$12,501Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$1,650Total interest income
$714Total interest expense
$936Net interest income
$0Provision for loan and lease losses
$149Total noninterest income
$0Fiduciary activities
$74Service charges on deposit accounts
$0Trading account gains & fees
$75Additional noninterest income
$731Total noninterest expense
$492Salaries and employee benefits
$58Premises and equipment expense
$181Additional noninterest expense
$354Pre-tax net operating income
$3Securities gains (losses)
$74Applicable income taxes
$283Income before extraordinary items
$0Extraordinary gains - net
$283Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$6Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.49%Yield on earning assets
3.24%Cost of funding earning assets
4.25%Net interest margin
0.68%Noninterest income to earning assets
3.32%Noninterest expense to earning assets
1.15%Net operating income to assets
1.16%Return on assets (ROA)
1.46%Pretax return on assets
8.70%Return on equity (ROE)
8.70%Retained earnings to average equity (YTD only)
-0.06%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
67,373Assets per employee
2.41%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.67%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
54.80%Net loans and leases to core deposits
55.40%Equity capital to assets
14.05%Core capital (leverage) ratio
13.14%Tier 1 risk-based capital ratio
25.61%Total risk-based capital ratio
Memoranda
$27Average assets
$24,487Average earning assets
$3,253Average equity
$22,039Average loans
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