FDIC Certificate #: 13933 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Patriot Bank (#14783) Federal Reserve ID: 535548 Date Established: October 01, 1912 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 4 (Interstate: No) OTS Docket #: 14646 FDIC's unique #: 8717 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: Febuary 26, 1934 Last Structure Change Effective Date: January 02, 2004 Last Structure Change Process Date: Febuary 05, 2004 Last Data Update: Febuary 05, 2004 Data Source Date: April 05, 2012
Location
Address: 210 Main Street, Gibson, IA 50104 County: Keokuk 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
Financial Summary
Total assets: $36.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2003)
Dollar figures in thousands
14Total employees (full-time equivalent)
$36,824Total assets
$5,387Cash and due from depository institutions
$4,531Interest-bearing balances
$15,782Securities
$362Federal funds sold & reverse repurchase agreements
$13,796Net loans & leases
$116Loan loss allowance
$0Trading account assets
$146Bank premises and fixed assets
$25Other real estate owned
$143Goodwill and other intangibles
$0Life insurance assets
$1,183All other assets
$36,824Total liabilities and capital
$34,015Total liabilities
$33,854Total deposits
$30,258Interest-bearing deposits
$33,854Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$161All other liabilities
$2,809Total equity capital
$2,809Total bank equity capital
$2,809Perpetual preferred stock
$0Common stock
$300Surplus
$900Undivided profits
Memoranda
$1,609Noncurrent loans and leases
$2,183Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$63Earning assets
$0Long-term assets (5+ years)
$373Average Assets, year-to-date
$34,471Average Assets, quarterly
$7,354Volatile liabilities
$36,640Insider loans
$36,131FHLB advances
$2,030Loans and leases held for sale
$583Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$2,183Total unused commitments
$0Restructured Loans and leases
$116Derivatives
Income and Expense (December 31, 2003)
Dollar figures in thousands
$1,969Total interest income
$654Total interest expense
$1,315Net interest income
$0Provision for loan and lease losses
$146Total noninterest income
$0Fiduciary activities
$110Service charges on deposit accounts
$0Trading account gains & fees
$36Additional noninterest income
$1,088Total noninterest expense
$680Salaries and employee benefits
$78Premises and equipment expense
$330Additional noninterest expense
$373Pre-tax net operating income
-$13Securities gains (losses)
$89Applicable income taxes
$271Income before extraordinary items
$0Extraordinary gains - net
$271Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$32Sale, conversion, retirement of capital stock, net
$205Net operating income
Performance and Condition Ratios (December 31, 2003)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.73%Yield on earning assets
1.90%Cost of funding earning assets
3.82%Net interest margin
0.42%Noninterest income to earning assets
3.16%Noninterest expense to earning assets
0.77%Net operating income to assets
0.74%Return on assets (ROA)
0.98%Pretax return on assets
9.74%Return on equity (ROE)
2.37%Retained earnings to average equity (YTD only)
0.21%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
11.66%Efficiency ratio
73,169Assets per employee
2.63%Cash dividends to net income (YTD only)
Condition Ratios (%)
75.65%Loss allowance to loans
0.83%Loss allowance to noncurrent loans
184.13%Noncurrent assets plus other real estate owned to assets
0.24%Noncurrent loans to loans
0.45%Net loans and leases to deposits
40.75%Net loans and leases to core deposits
43.35%Equity capital to assets
7.63%Core capital (leverage) ratio
7.20%Tier 1 risk-based capital ratio
13.01%Total risk-based capital ratio
Memoranda
$14Average assets
$36,640Average earning assets
$2,783Average equity
$34,382Average loans
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