FDIC Certificate #: 5823 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Blackhawk Bank & Trust (#18402) Federal Reserve ID: 465542 Date Established: April 08, 1908 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 3 (Interstate: No) OTS Docket #: 12512 FDIC's unique #: 3981 Numeric code: 13 Regulator: FED 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: May 19, 2008 Last Structure Change Process Date: June 03, 2008 Last Data Update: June 03, 2008 Data Source Date: April 05, 2012
Location
Address: 3889 Elmore Avenue, Davenport, IA 52807 County: Scott 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 Metropolitan Statistical Area (MSA): Davenport-Moline-Rock Island, IA-IL (#1960) Core Based Statistical Area (CBSA): Davenport-Moline-Rock Island, IA-IL (#19340) CBSA Metro Statistical Area: Davenport-Moline-Rock Island, IA-IL (#19340)
Financial Summary
Total assets: $73.7 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2007)
Dollar figures in thousands
37Total employees (full-time equivalent)
$77,644Total assets
$1,728Cash and due from depository institutions
$248Interest-bearing balances
$22,283Securities
$5,746Federal funds sold & reverse repurchase agreements
$41,522Net loans & leases
$705Loan loss allowance
$0Trading account assets
$3,027Bank premises and fixed assets
$343Other real estate owned
$0Goodwill and other intangibles
$1,354Life insurance assets
$2,995All other assets
$77,644Total liabilities and capital
$70,829Total liabilities
$64,352Total deposits
$54,711Interest-bearing deposits
$64,352Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$5,943Other borrowed funds
$0Subordinated debt
$534All other liabilities
$6,815Total equity capital
$6,815Total bank equity capital
$6,815Perpetual preferred stock
$0Common stock
$100Surplus
$6,639Undivided profits
Memoranda
$76Noncurrent loans and leases
$6,160Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$23Earning assets
$0Long-term assets (5+ years)
$711Average Assets, year-to-date
$69,799Average Assets, quarterly
$13,098Volatile liabilities
$80,181Insider loans
$77,129FHLB advances
$9,814Loans and leases held for sale
$1,011Unused loan commitments
$5,450Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$6,160Total unused commitments
$0Restructured Loans and leases
$705Derivatives
Income and Expense (December 31, 2007)
Dollar figures in thousands
$5,304Total interest income
$2,516Total interest expense
$2,788Net interest income
$50Provision for loan and lease losses
$390Total noninterest income
$4Fiduciary activities
$240Service charges on deposit accounts
$0Trading account gains & fees
$146Additional noninterest income
$3,304Total noninterest expense
$1,762Salaries and employee benefits
$454Premises and equipment expense
$1,088Additional noninterest expense
-$176Pre-tax net operating income
$173Securities gains (losses)
$0Applicable income taxes
-$3Income before extraordinary items
$0Extraordinary gains - net
-$3Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$106Sale, conversion, retirement of capital stock, net
$58Net operating income
Performance and Condition Ratios (December 31, 2007)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.40%Yield on earning assets
3.51%Cost of funding earning assets
3.89%Net interest margin
0.54%Noninterest income to earning assets
4.61%Noninterest expense to earning assets
-0.22%Net operating income to assets
-0.00%Return on assets (ROA)
-0.00%Pretax return on assets
-0.04%Return on equity (ROE)
-0.91%Retained earnings to average equity (YTD only)
0.23%Net charge-offs to loans
47.17%Credit loss provision to net charge-offs
-1.19%Efficiency ratio
103,965Assets per employee
2.10%Cash dividends to net income (YTD only)
Condition Ratios (%)
-1933.33%Loss allowance to loans
1.67%Loss allowance to noncurrent loans
3065.22%Noncurrent assets plus other real estate owned to assets
0.47%Noncurrent loans to loans
0.05%Net loans and leases to deposits
64.52%Net loans and leases to core deposits
72.67%Equity capital to assets
8.78%Core capital (leverage) ratio
8.13%Tier 1 risk-based capital ratio
11.43%Total risk-based capital ratio
Memoranda
$13Average assets
$80,181Average earning assets
$6,730Average equity
$71,689Average loans
Total Fiduciary and Related Assets (December 31, 2007)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
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