Firstar Bank Red Oak, National Association in Red Oak, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 28, 1995

Firstar Bank Red Oak, National Association in Red Oak, Iowa (IA)
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Firstar Bank Red Oak, National Association - Overview

General
FDIC Certificate #: 4496
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Firstar Bank Council Bluffs (#1548)
Federal Reserve ID: 467649
Date Established: January 01, 1933
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 1 (Interstate: No)
FDIC's unique #: 2971
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: No
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: August 28, 1995
Last Structure Change Process Date: September 19, 1995
Last Data Update: September 19, 1995
Data Source Date: April 05, 2012
Location
Address: 323 Reed Street, Red Oak, IA 51566
County: Montgomery
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Omaha
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: Western
Financial Summary
Total assets: $51.5 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

Dollar figures in thousands
0Total employees (full-time equivalent)
$18Total assets
$54,962Cash and due from depository institutions
$3,513Interest-bearing balances
$0Securities
$14,860Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$35,253Loan loss allowance
$516Trading account assets
$0Bank premises and fixed assets
$262Other real estate owned
$0Goodwill and other intangibles
$1,074Life insurance assets
$0All other assets
$0Total liabilities and capital
$54,962Total liabilities
$50,115Total deposits
$38,107Interest-bearing deposits
$33,907Deposits held in domestic offices
38107.00%% insured (estimated)
$93Federal funds purchased & repurchase agreements
$11,400Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$608Total equity capital
$608Total bank equity capital
$4,847Perpetual preferred stock
$0Common stock
$500Surplus
$1,000Undivided profits
Memoranda
$3,347Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$298Income earned, not collected on loans
$365Earning assets
$50,113Long-term assets (5+ years)
$6,335Average Assets, year-to-date
$55,150Average Assets, quarterly
$55,598Volatile liabilities
$12,525Insider loans
$191FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$4,777Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$4,847Total risk weighted assets
$37,983Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$3,585Total interest expense
$1,423Net interest income
$2,162Provision for loan and lease losses
$108Total noninterest income
$418Fiduciary activities
$0Service charges on deposit accounts
$233Trading account gains & fees
$0Additional noninterest income
$185Total noninterest expense
$1,769Salaries and employee benefits
$721Premises and equipment expense
$124Additional noninterest expense
$924Pre-tax net operating income
$703Securities gains (losses)
$0Applicable income taxes
$103Income before extraordinary items
$600Extraordinary gains - net
$0Net income attributable to bank
$600Net charge-offs
$20Cash dividends
$650Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1994)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.09%Cost of funding earning assets
2.81%Net interest margin
4.28%Noninterest income to earning assets
0.83%Noninterest expense to earning assets
3.50%Net operating income to assets
1.09%Return on assets (ROA)
1.09%Pretax return on assets
1.27%Return on equity (ROE)
12.67%Retained earnings to average equity (YTD only)
-1.06%Net charge-offs to loans
0.06%Credit loss provision to net charge-offs
540.00%Efficiency ratio
68,566Assets per employee
3.05%Cash dividends to net income (YTD only)
Condition Ratios (%)
108.33%Loss allowance to loans
1.44%Loss allowance to noncurrent loans
173.15%Noncurrent assets plus other real estate owned to assets
0.54%Noncurrent loans to loans
0.83%Net loans and leases to deposits
92.51%Net loans and leases to core deposits
95.32%Equity capital to assets
8.82%Core capital (leverage) ratio
8.86%Tier 1 risk-based capital ratio
12.76%Total risk-based capital ratio
Memoranda
$14Average assets
$55,150Average earning assets
$4,736Average equity
$50,569Average loans

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