FDIC Certificate #: 8093 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First Security Bank and Trust Company (#1852) Federal Reserve ID: 247645 Date Established: January 01, 1900 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 6 (Interstate: No) OTS Docket #: 13475 FDIC's unique #: 5147 Numeric code: 21 Regulator: FDIC 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: November 07, 2009 Last Structure Change Process Date: November 23, 2009 Last Data Update: November 23, 2009 Data Source Date: April 05, 2012
Location
Address: 26 West Congress Street, Nora Springs, IA 50458 County: Floyd 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: $86.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2008)
Dollar figures in thousands
23Total employees (full-time equivalent)
$78,437Total assets
$3,336Cash and due from depository institutions
$53Interest-bearing balances
$20,269Securities
$1,529Federal funds sold & reverse repurchase agreements
$48,175Net loans & leases
$619Loan loss allowance
$0Trading account assets
$777Bank premises and fixed assets
$150Other real estate owned
$2,509Goodwill and other intangibles
$449Life insurance assets
$1,692All other assets
$78,437Total liabilities and capital
$69,694Total liabilities
$64,835Total deposits
$49,442Interest-bearing deposits
$64,835Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$4,500Other borrowed funds
$0Subordinated debt
$359All other liabilities
$8,743Total equity capital
$8,743Total bank equity capital
$8,743Perpetual preferred stock
$0Common stock
$100Surplus
$4,400Undivided profits
Memoranda
$4,243Noncurrent loans and leases
$13,997Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$814Earning assets
$0Long-term assets (5+ years)
$876Average Assets, year-to-date
$70,026Average Assets, quarterly
$11,080Volatile liabilities
$72,150Insider loans
$77,784FHLB advances
$3,076Loans and leases held for sale
$1,415Unused loan commitments
$4,500Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$13,997Total unused commitments
$0Restructured Loans and leases
$619Derivatives
Income and Expense (December 31, 2008)
Dollar figures in thousands
$4,091Total interest income
$1,436Total interest expense
$2,655Net interest income
$60Provision for loan and lease losses
$362Total noninterest income
$0Fiduciary activities
$298Service charges on deposit accounts
$0Trading account gains & fees
$64Additional noninterest income
$2,017Total noninterest expense
$1,072Salaries and employee benefits
$296Premises and equipment expense
$649Additional noninterest expense
$940Pre-tax net operating income
$0Securities gains (losses)
$42Applicable income taxes
$898Income before extraordinary items
$0Extraordinary gains - net
$898Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$38Sale, conversion, retirement of capital stock, net
$475Net operating income
Performance and Condition Ratios (December 31, 2008)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.22%Yield on earning assets
2.18%Cost of funding earning assets
4.04%Net interest margin
0.55%Noninterest income to earning assets
3.07%Noninterest expense to earning assets
1.24%Net operating income to assets
1.24%Return on assets (ROA)
1.30%Pretax return on assets
11.84%Return on equity (ROE)
5.58%Retained earnings to average equity (YTD only)
0.08%Net charge-offs to loans
157.89%Credit loss provision to net charge-offs
26.32%Efficiency ratio
65,860Assets per employee
3.41%Cash dividends to net income (YTD only)
Condition Ratios (%)
52.90%Loss allowance to loans
1.27%Loss allowance to noncurrent loans
76.04%Noncurrent assets plus other real estate owned to assets
1.23%Noncurrent loans to loans
1.67%Net loans and leases to deposits
74.30%Net loans and leases to core deposits
76.76%Equity capital to assets
11.15%Core capital (leverage) ratio
7.83%Tier 1 risk-based capital ratio
11.47%Total risk-based capital ratio
Memoranda
$13Average assets
$72,150Average earning assets
$7,587Average equity
$65,725Average loans
Total Fiduciary and Related Assets (December 31, 2008)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
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