FDIC Certificate #: 14842 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Security Savings Bank (#15734) Federal Reserve ID: 443447 Date Established: November 01, 1934 WWW:http://www.georgestatebank.com Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 9289 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: November 01, 1934 Last Structure Change Effective Date: April 16, 2007 Last Structure Change Process Date: June 01, 2007 Last Data Update: June 01, 2007 Data Source Date: April 05, 2012
Location
Address: Main Street, George, IA 51237 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
Financial Summary
Total assets: $42.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2006)
Dollar figures in thousands
11Total employees (full-time equivalent)
$45,903Total assets
$1,734Cash and due from depository institutions
$41Interest-bearing balances
$8,571Securities
$6,375Federal funds sold & reverse repurchase agreements
$28,309Net loans & leases
$355Loan loss allowance
$0Trading account assets
$53Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$861All other assets
$45,903Total liabilities and capital
$42,512Total liabilities
$42,314Total deposits
$33,590Interest-bearing deposits
$42,314Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$198All other liabilities
$3,391Total equity capital
$3,391Total bank equity capital
$3,391Perpetual preferred stock
$0Common stock
$400Surplus
$1,600Undivided profits
Memoranda
$1,391Noncurrent loans and leases
$18,801Noncurrent 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)
$787Average Assets, year-to-date
$43,296Average Assets, quarterly
$881Volatile liabilities
$43,251Insider loans
$43,644FHLB advances
$2,937Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$18,801Total unused commitments
$0Restructured Loans and leases
$355Derivatives
Income and Expense (December 31, 2006)
Dollar figures in thousands
$2,642Total interest income
$1,061Total interest expense
$1,581Net interest income
-$66Provision for loan and lease losses
$151Total noninterest income
$1Fiduciary activities
$134Service charges on deposit accounts
$0Trading account gains & fees
$16Additional noninterest income
$1,002Total noninterest expense
$709Salaries and employee benefits
$86Premises and equipment expense
$207Additional noninterest expense
$796Pre-tax net operating income
-$7Securities gains (losses)
$34Applicable income taxes
$755Income before extraordinary items
$0Extraordinary gains - net
$755Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$12Sale, conversion, retirement of capital stock, net
$675Net operating income
Performance and Condition Ratios (December 31, 2006)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.53%Yield on earning assets
2.62%Cost of funding earning assets
3.91%Net interest margin
0.37%Noninterest income to earning assets
2.47%Noninterest expense to earning assets
1.76%Net operating income to assets
1.75%Return on assets (ROA)
1.82%Pretax return on assets
22.47%Return on equity (ROE)
2.38%Retained earnings to average equity (YTD only)
-0.04%Net charge-offs to loans
550.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
57,852Assets per employee
4.17%Cash dividends to net income (YTD only)
Condition Ratios (%)
89.40%Loss allowance to loans
1.24%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
66.90%Net loans and leases to core deposits
71.89%Equity capital to assets
7.39%Core capital (leverage) ratio
8.03%Tier 1 risk-based capital ratio
10.58%Total risk-based capital ratio
Memoranda
$12Average assets
$43,251Average earning assets
$3,360Average equity
$40,486Average loans
Total Fiduciary and Related Assets (December 31, 2006)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
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