FDIC Certificate #: 15425 Status: Inactive Closing history: Corrections Acquiring institution:Frontier Bank (#33922) Federal Reserve ID: 1235452 Date Established: January 16, 1932 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) OTS Docket #: 11853 FDIC's unique #: 9741 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: October 08, 1936 Last Structure Change Effective Date: January 01, 1999 Last Structure Change Process Date: March 04, 1999 Last Data Update: March 25, 1999 Data Source Date: April 05, 2012
Location
Address: 301 First Avenue, Rock Rapids, IA 51246 County: Lyon 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
History of Changes
Merger - Without Assistance
Corrections
Financial Summary
Total assets: $62.7 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
20Total employees (full-time equivalent)
$62,653Total assets
$2,055Cash and due from depository institutions
$138Interest-bearing balances
$15,987Securities
$0Federal funds sold & reverse repurchase agreements
$42,128Net loans & leases
$710Loan loss allowance
$0Trading account assets
$583Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,900All other assets
$62,653Total liabilities and capital
$57,771Total liabilities
$55,763Total deposits
$51,689Interest-bearing deposits
$55,763Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$1,265Other borrowed funds
$0Subordinated debt
$743All other liabilities
$4,882Total equity capital
$4,882Total bank equity capital
$4,882Perpetual preferred stock
$0Common stock
$1,075Surplus
$1,075Undivided profits
Memoranda
$2,732Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$88Earning assets
$0Long-term assets (5+ years)
$810Average Assets, year-to-date
$58,253Average Assets, quarterly
$12,642Volatile liabilities
$59,559Insider loans
$61,550FHLB advances
$5,451Loans and leases held for sale
$340Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$6,806Total unused commitments
$0Restructured Loans and leases
$47,027Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$4,640Total interest income
$2,508Total interest expense
$2,132Net interest income
$107Provision for loan and lease losses
$328Total noninterest income
$0Fiduciary activities
$136Service charges on deposit accounts
$0Trading account gains & fees
$192Additional noninterest income
$1,535Total noninterest expense
$897Salaries and employee benefits
$235Premises and equipment expense
$403Additional noninterest expense
$818Pre-tax net operating income
$0Securities gains (losses)
$217Applicable income taxes
$601Income before extraordinary items
$0Extraordinary gains - net
$601Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$11Sale, conversion, retirement of capital stock, net
$344Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.43%Yield on earning assets
4.56%Cost of funding earning assets
3.87%Net interest margin
0.60%Noninterest income to earning assets
2.79%Noninterest expense to earning assets
1.01%Net operating income to assets
1.01%Return on assets (ROA)
1.37%Pretax return on assets
12.62%Return on equity (ROE)
5.40%Retained earnings to average equity (YTD only)
-0.03%Net charge-offs to loans
-972.73%Credit loss provision to net charge-offs
0.00%Efficiency ratio
62,398Assets per employee
3.13%Cash dividends to net income (YTD only)
Condition Ratios (%)
57.24%Loss allowance to loans
1.66%Loss allowance to noncurrent loans
806.82%Noncurrent assets plus other real estate owned to assets
0.15%Noncurrent loans to loans
0.21%Net loans and leases to deposits
75.55%Net loans and leases to core deposits
81.68%Equity capital to assets
7.79%Core capital (leverage) ratio
7.60%Tier 1 risk-based capital ratio
10.03%Total risk-based capital ratio
Memoranda
$11Average assets
$59,559Average earning assets
$4,763Average equity
$55,059Average loans
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