FDIC Certificate #: 15034 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:United Bank of Iowa (#958) Federal Reserve ID: 474946 Date Established: January 01, 1877 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 2 (Interstate: No) OTS Docket #: 11742 FDIC's unique #: 9428 Numeric code: 13 Regulator: FED 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: January 01, 1934 Last Structure Change Effective Date: September 01, 2006 Last Structure Change Process Date: October 25, 2006 Last Data Update: October 25, 2006 Data Source Date: April 05, 2012
Location
Address: 121 Idaho, Glidden, IA 51443 County: Carroll Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Des Moines Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: Western
Financial Summary
Total assets: $57.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2005)
Dollar figures in thousands
13Total employees (full-time equivalent)
$57,539Total assets
$2,156Cash and due from depository institutions
$300Interest-bearing balances
$15,435Securities
$1,300Federal funds sold & reverse repurchase agreements
$36,710Net loans & leases
$763Loan loss allowance
$0Trading account assets
$145Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,793All other assets
$57,539Total liabilities and capital
$49,764Total liabilities
$46,100Total deposits
$40,072Interest-bearing deposits
$46,100Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$3,429Other borrowed funds
$0Subordinated debt
$235All other liabilities
$7,775Total equity capital
$7,775Total bank equity capital
$7,775Perpetual preferred stock
$0Common stock
$250Surplus
$2,750Undivided profits
Memoranda
$4,775Noncurrent loans and leases
$5,450Noncurrent 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)
$693Average Assets, year-to-date
$53,745Average Assets, quarterly
$14,805Volatile liabilities
$59,044Insider loans
$58,336FHLB advances
$4,823Loans and leases held for sale
$351Unused loan commitments
$3,429Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$5,450Total unused commitments
$0Restructured Loans and leases
$490Derivatives
Income and Expense (December 31, 2005)
Dollar figures in thousands
$3,108Total interest income
$1,013Total interest expense
$2,095Net interest income
$0Provision for loan and lease losses
$205Total noninterest income
$15Fiduciary activities
$145Service charges on deposit accounts
$0Trading account gains & fees
$45Additional noninterest income
$1,146Total noninterest expense
$808Salaries and employee benefits
$120Premises and equipment expense
$218Additional noninterest expense
$1,154Pre-tax net operating income
$0Securities gains (losses)
$58Applicable income taxes
$1,096Income before extraordinary items
$0Extraordinary gains - net
$1,096Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$37Sale, conversion, retirement of capital stock, net
$543Net operating income
Performance and Condition Ratios (December 31, 2005)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.56%Yield on earning assets
1.81%Cost of funding earning assets
3.75%Net interest margin
0.37%Noninterest income to earning assets
2.05%Noninterest expense to earning assets
1.86%Net operating income to assets
1.86%Return on assets (ROA)
1.95%Pretax return on assets
14.43%Return on equity (ROE)
7.28%Retained earnings to average equity (YTD only)
0.09%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
31.19%Efficiency ratio
49,826Assets per employee
4.43%Cash dividends to net income (YTD only)
Condition Ratios (%)
49.54%Loss allowance to loans
2.04%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
79.63%Net loans and leases to core deposits
88.94%Equity capital to assets
13.51%Core capital (leverage) ratio
13.33%Tier 1 risk-based capital ratio
19.99%Total risk-based capital ratio
Memoranda
$21Average assets
$59,044Average earning assets
$7,593Average equity
$55,896Average loans
Total Fiduciary and Related Assets (December 31, 2005)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
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