Griswold State Bank in Griswold, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 06, 1995

Griswold State Bank in Griswold, Iowa (IA)
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Griswold State Bank - Overview

General
FDIC Certificate #: 14346
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Rolling Hills Bank & Trust (#15334)
Federal Reserve ID: 784841
Date Established: May 10, 1934
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 8964
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: May 10, 1934
Last Structure Change Effective Date: November 06, 1995
Last Structure Change Process Date: December 18, 1995
Last Data Update: December 18, 1995
Data Source Date: April 05, 2012
Location
Address: 600 Main Street, Griswold, IA 51535
County: Cass
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: $11.4 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)
$8Total assets
$13,103Cash and due from depository institutions
$816Interest-bearing balances
$190Securities
$4,791Federal funds sold & reverse repurchase agreements
$390Net loans & leases
$6,652Loan loss allowance
$121Trading account assets
$0Bank premises and fixed assets
$209Other real estate owned
$0Goodwill and other intangibles
$245Life insurance assets
$0All other assets
$0Total liabilities and capital
$13,103Total liabilities
$11,750Total deposits
$11,619Interest-bearing deposits
$9,769Deposits held in domestic offices
11619.00%% insured (estimated)
$98Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$131Total equity capital
$131Total bank equity capital
$1,353Perpetual preferred stock
$0Common stock
$120Surplus
$630Undivided profits
Memoranda
$603Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$135Earning assets
$12,023Long-term assets (5+ years)
$2,479Average Assets, year-to-date
$13,223Average Assets, quarterly
$13,024Volatile liabilities
$402Insider loans
$254FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$380Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$1,353Total risk weighted assets
$7,278Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$862Total interest expense
$295Net interest income
$567Provision for loan and lease losses
$8Total noninterest income
$69Fiduciary activities
$0Service charges on deposit accounts
$62Trading account gains & fees
$0Additional noninterest income
$7Total noninterest expense
$450Salaries and employee benefits
$257Premises and equipment expense
$68Additional noninterest expense
$125Pre-tax net operating income
$178Securities gains (losses)
$0Applicable income taxes
$26Income before extraordinary items
$152Extraordinary gains - net
$0Net income attributable to bank
$152Net charge-offs
-$7Cash dividends
$80Sale, 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
6.97%Cost of funding earning assets
2.39%Net interest margin
4.59%Noninterest income to earning assets
0.56%Noninterest expense to earning assets
3.64%Net operating income to assets
1.15%Return on assets (ROA)
1.15%Pretax return on assets
1.35%Return on equity (ROE)
11.52%Retained earnings to average equity (YTD only)
5.46%Net charge-offs to loans
-0.10%Credit loss provision to net charge-offs
-114.29%Efficiency ratio
70,755Assets per employee
1.64%Cash dividends to net income (YTD only)
Condition Ratios (%)
52.63%Loss allowance to loans
1.79%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
57.25%Net loans and leases to core deposits
59.30%Equity capital to assets
10.33%Core capital (leverage) ratio
10.31%Tier 1 risk-based capital ratio
18.59%Total risk-based capital ratio
Memoranda
$20Average assets
$13,223Average earning assets
$1,320Average equity
$12,361Average loans

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