FDIC Certificate #: 20121 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Ohnward Bank & Trust (#10111) Federal Reserve ID: 266440 Date Established: September 01, 1903 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) OTS Docket #: 10935 FDIC's unique #: 13822 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 14, 1970 Last Structure Change Effective Date: January 23, 2003 Last Structure Change Process Date: Febuary 14, 2003 Last Data Update: Febuary 14, 2003 Data Source Date: April 05, 2012
Location
Address: 307 South Main Street, Monticello, IA 52310 County: Jones 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)
Financial Summary
Total assets: $22.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
9Total employees (full-time equivalent)
$22,469Total assets
$782Cash and due from depository institutions
$0Interest-bearing balances
$4,061Securities
$5,315Federal funds sold & reverse repurchase agreements
$11,630Net loans & leases
$111Loan loss allowance
$0Trading account assets
$286Bank premises and fixed assets
$39Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$356All other assets
$22,469Total liabilities and capital
$20,268Total liabilities
$20,125Total deposits
$18,653Interest-bearing deposits
$20,125Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$143All other liabilities
$2,201Total equity capital
$2,201Total bank equity capital
$2,201Perpetual preferred stock
$0Common stock
$100Surplus
$700Undivided profits
Memoranda
$1,401Noncurrent loans and leases
$775Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$212Earning assets
$0Long-term assets (5+ years)
$193Average Assets, year-to-date
$21,006Average Assets, quarterly
$1,380Volatile liabilities
$21,683Insider loans
$22,136FHLB advances
$981Loans and leases held for sale
$964Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$775Total unused commitments
$0Restructured Loans and leases
$111Derivatives
Income and Expense (December 31, 2002)
Dollar figures in thousands
$1,228Total interest income
$450Total interest expense
$778Net interest income
$279Provision for loan and lease losses
$117Total noninterest income
$0Fiduciary activities
$74Service charges on deposit accounts
$0Trading account gains & fees
$43Additional noninterest income
$622Total noninterest expense
$371Salaries and employee benefits
$98Premises and equipment expense
$153Additional noninterest expense
-$6Pre-tax net operating income
$0Securities gains (losses)
-$38Applicable income taxes
$32Income before extraordinary items
$0Extraordinary gains - net
$32Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$315Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2002)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.15%Yield on earning assets
2.25%Cost of funding earning assets
3.90%Net interest margin
0.59%Noninterest income to earning assets
3.11%Noninterest expense to earning assets
0.15%Net operating income to assets
0.15%Return on assets (ROA)
-0.03%Pretax return on assets
1.49%Return on equity (ROE)
1.49%Retained earnings to average equity (YTD only)
2.49%Net charge-offs to loans
88.57%Credit loss provision to net charge-offs
0.87%Efficiency ratio
69,497Assets per employee
2.50%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.95%Loss allowance to noncurrent loans
52.36%Noncurrent assets plus other real estate owned to assets
1.12%Noncurrent loans to loans
1.81%Net loans and leases to deposits
57.79%Net loans and leases to core deposits
60.75%Equity capital to assets
9.80%Core capital (leverage) ratio
9.70%Tier 1 risk-based capital ratio
16.63%Total risk-based capital ratio
Memoranda
$17Average assets
$21,683Average earning assets
$2,154Average equity
$19,971Average loans
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