Hedrick Savings Bank in Ottumwa, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 17, 2011

Hedrick Savings Bank in Ottumwa, Iowa (IA)
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Hedrick Savings Bank routing number info

Hedrick Savings Bank - Overview

General
FDIC Certificate #: 14973
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: South Ottumwa Savings Bank (#9099)
Federal Reserve ID: 977942
Date Established: January 01, 1934
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 4 (Interstate: No)
OTS Docket #: 15382
FDIC's unique #: 9380
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 10, 1935
Last Structure Change Effective Date: December 17, 2011
Last Structure Change Process Date: January 05, 2012
Last Data Update: January 05, 2012
Data Source Date: April 05, 2012
Location
Address: 216 S Market St, Ottumwa, IA 52501
County: Wapello
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
Core Based Statistical Area (CBSA): Ottumwa, IA (#36900)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $66.3 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, 2010)

Dollar figures in thousands
25Total employees (full-time equivalent)
$61,862Total assets
$2,657Cash and due from depository institutions
$0Interest-bearing balances
$17,981Securities
$0Federal funds sold & reverse repurchase agreements
$37,738Net loans & leases
$956Loan loss allowance
$0Trading account assets
$716Bank premises and fixed assets
$1,053Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,717All other assets
$61,862Total liabilities and capital
$56,104Total liabilities
$47,998Total deposits
$40,504Interest-bearing deposits
$47,998Deposits held in domestic offices
74.96%% insured (estimated)
$958Federal funds purchased & repurchase agreements
$0Trading liabilities
$7,000Other borrowed funds
$0Subordinated debt
$148All other liabilities
$5,758Total equity capital
$5,758Total bank equity capital
$5,758Perpetual preferred stock
$0Common stock
$219Surplus
$1,432Undivided profits
Memoranda
$4,107Noncurrent loans and leases
$3,833Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$446Earning assets
$0Long-term assets (5+ years)
$432Average Assets, year-to-date
$55,719Average Assets, quarterly
$18,953Volatile liabilities
$63,178Insider loans
$61,852FHLB advances
$4,715Loans and leases held for sale
$35Unused loan commitments
$7,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,833Total unused commitments
$0Restructured Loans and leases
$546Derivatives

Income and Expense (December 31, 2010)

Dollar figures in thousands
$3,109Total interest income
$813Total interest expense
$2,296Net interest income
$240Provision for loan and lease losses
$885Total noninterest income
$0Fiduciary activities
$229Service charges on deposit accounts
$0Trading account gains & fees
$656Additional noninterest income
$2,452Total noninterest expense
$1,444Salaries and employee benefits
$305Premises and equipment expense
$703Additional noninterest expense
$489Pre-tax net operating income
$108Securities gains (losses)
$35Applicable income taxes
$562Income before extraordinary items
$0Extraordinary gains - net
$562Net income attributable to bank
$0Net charge-offs
$562Cash dividends
$208Sale, conversion, retirement of capital stock, net
$200Net operating income

Performance and Condition Ratios (December 31, 2010)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.35%Yield on earning assets
1.40%Cost of funding earning assets
3.95%Net interest margin
1.52%Noninterest income to earning assets
4.22%Noninterest expense to earning assets
0.73%Net operating income to assets
0.89%Return on assets (ROA)
0.94%Pretax return on assets
9.63%Return on equity (ROE)
6.20%Retained earnings to average equity (YTD only)
0.54%Net charge-offs to loans
115.38%Credit loss provision to net charge-offs
3.50%Efficiency ratio
77,083Assets per employee
2.47%Cash dividends to net income (YTD only)
Condition Ratios (%)
35.59%Loss allowance to loans
2.47%Loss allowance to noncurrent loans
214.35%Noncurrent assets plus other real estate owned to assets
2.42%Noncurrent loans to loans
1.15%Net loans and leases to deposits
78.62%Net loans and leases to core deposits
85.30%Equity capital to assets
9.31%Core capital (leverage) ratio
8.86%Tier 1 risk-based capital ratio
13.22%Total risk-based capital ratio
Memoranda
$14Average assets
$63,178Average earning assets
$5,836Average equity
$58,160Average loans

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