Hancock County Bank & Trust in Garner, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 02, 2003

  • Hancock County Bank & Trust in Garner, Iowa (IA)
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Hancock County Bank & Trust - Overview

  • General
  • FDIC Certificate #: 13984
    Status: Inactive
    Closing history: Participated in Reorganization
    Acquiring institution: Liberty Bank, F.S.B. (#20594)
    Federal Reserve ID: 565040
    Date Established: March 01, 1934
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Interstate: No)
    OTS Docket #: 13376
    FDIC's unique #: 8746
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: Yes
    Date of Deposit Insurance: March 01, 1934
    Last Structure Change Effective Date: May 02, 2003
    Last Structure Change Process Date: May 16, 2003
    Last Data Update: May 16, 2003
    Data Source Date: April 05, 2012
  • Location
  • Address: 175 East Third Street, Garner, IA 50438
    County: Hancock
    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
  • History of Changes
  • Merger - Without Assistance
    Participated in Reorganization
  • Financial Summary
  • Total assets: $123.3 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, 2002)

  • Dollar figures in thousands
  • 24Total employees (full-time equivalent)
  • $129,978Total assets
  • $10,622Cash and due from depository institutions
  • $8,125Interest-bearing balances
  • $44,914Securities
  • $5,145Federal funds sold & reverse repurchase agreements
  • $63,463Net loans & leases
  • $883Loan loss allowance
  • $0Trading account assets
  • $1,264Bank premises and fixed assets
  • $259Other real estate owned
  • $397Goodwill and other intangibles
  • $0Life insurance assets
  • $3,914All other assets
  • $129,978Total liabilities and capital
  • $117,371Total liabilities
  • $91,398Total deposits
  • $82,070Interest-bearing deposits
  • $91,398Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $202Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $24,100Other borrowed funds
  • $0Subordinated debt
  • $1,671All other liabilities
  • $12,607Total equity capital
  • $12,607Total bank equity capital
  • $12,607Perpetual preferred stock
  • $0Common stock
  • $1,720Surplus
  • $1,720Undivided profits
  • Memoranda
  • $9,167Noncurrent loans and leases
  • $7,978Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $83Earning assets
  • $25Long-term assets (5+ years)
  • $1,300Average Assets, year-to-date
  • $121,647Average Assets, quarterly
  • $44,044Volatile liabilities
  • $123,917Insider loans
  • $132,083FHLB advances
  • $21,644Loans and leases held for sale
  • $728Unused loan commitments
  • $24,100Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $385Total risk weighted assets
  • $7,978Total unused commitments
  • $377Restructured Loans and leases
  • $883Derivatives

Income and Expense (December 31, 2002)

  • Dollar figures in thousands
  • $6,752Total interest income
  • $3,472Total interest expense
  • $3,280Net interest income
  • $400Provision for loan and lease losses
  • $551Total noninterest income
  • $0Fiduciary activities
  • $329Service charges on deposit accounts
  • $0Trading account gains & fees
  • $222Additional noninterest income
  • $1,925Total noninterest expense
  • $1,078Salaries and employee benefits
  • $247Premises and equipment expense
  • $600Additional noninterest expense
  • $1,506Pre-tax net operating income
  • $4Securities gains (losses)
  • $265Applicable income taxes
  • $1,245Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,245Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $396Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2002)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.87%Yield on earning assets
  • 3.02%Cost of funding earning assets
  • 2.85%Net interest margin
  • 0.48%Noninterest income to earning assets
  • 1.67%Noninterest expense to earning assets
  • 1.00%Net operating income to assets
  • 1.00%Return on assets (ROA)
  • 1.22%Pretax return on assets
  • 10.64%Return on equity (ROE)
  • 10.64%Retained earnings to average equity (YTD only)
  • 0.71%Net charge-offs to loans
  • 101.01%Credit loss provision to net charge-offs
  • 4.81%Efficiency ratio
  • 50,248Assets per employee
  • 5.42%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.37%Loss allowance to noncurrent loans
  • 1063.86%Noncurrent assets plus other real estate owned to assets
  • 0.26%Noncurrent loans to loans
  • 0.13%Net loans and leases to deposits
  • 69.44%Net loans and leases to core deposits
  • 79.37%Equity capital to assets
  • 9.70%Core capital (leverage) ratio
  • 8.63%Tier 1 risk-based capital ratio
  • 12.47%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $123,917Average earning assets
  • $11,704Average equity
  • $114,953Average loans

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