FDIC Certificate #: 15674 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:State Bank & Trust Company (#8103) Federal Reserve ID: 640844 Date Established: July 19, 1939 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) FDIC's unique #: 9948 Numeric code: 21 Regulator: FDIC 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: July 19, 1939 Last Structure Change Effective Date: January 01, 2007 Last Structure Change Process Date: Febuary 23, 2007 Last Data Update: Febuary 23, 2007 Data Source Date: April 05, 2012
Location
Address: 561 Main Street, Dike, IA 50624 County: Grundy 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): Waterloo-Cedar Falls, IA (#47940) CBSA Metro Statistical Area: Waterloo-Cedar Falls, IA (#47940)
Financial Summary
Total assets: $25.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2006)
Dollar figures in thousands
7Total employees (full-time equivalent)
$25,569Total assets
$875Cash and due from depository institutions
$0Interest-bearing balances
$13,442Securities
$407Federal funds sold & reverse repurchase agreements
$9,713Net loans & leases
$170Loan loss allowance
$0Trading account assets
$399Bank premises and fixed assets
$0Other real estate owned
$334Goodwill and other intangibles
$0Life insurance assets
$399All other assets
$25,569Total liabilities and capital
$21,834Total liabilities
$21,705Total deposits
$17,300Interest-bearing deposits
$21,705Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$129All other liabilities
$3,735Total equity capital
$3,735Total bank equity capital
$3,735Perpetual preferred stock
$0Common stock
$300Surplus
$1,200Undivided profits
Memoranda
$2,235Noncurrent loans and leases
$1,211Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$291Average Assets, year-to-date
$23,562Average Assets, quarterly
$6,786Volatile liabilities
$28,578Insider loans
$25,636FHLB advances
$300Loans and leases held for sale
$144Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,211Total unused commitments
$0Restructured Loans and leases
$169Derivatives
Income and Expense (December 31, 2006)
Dollar figures in thousands
$1,544Total interest income
$551Total interest expense
$993Net interest income
$0Provision for loan and lease losses
$93Total noninterest income
$0Fiduciary activities
$53Service charges on deposit accounts
$0Trading account gains & fees
$40Additional noninterest income
$666Total noninterest expense
$338Salaries and employee benefits
$109Premises and equipment expense
$219Additional noninterest expense
$420Pre-tax net operating income
$2Securities gains (losses)
$21Applicable income taxes
$401Income before extraordinary items
$0Extraordinary gains - net
$401Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$0Sale, conversion, retirement of capital stock, net
$457Net operating income
Performance and Condition Ratios (December 31, 2006)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.92%Yield on earning assets
2.11%Cost of funding earning assets
3.81%Net interest margin
0.36%Noninterest income to earning assets
2.55%Noninterest expense to earning assets
1.40%Net operating income to assets
1.40%Return on assets (ROA)
1.48%Pretax return on assets
11.32%Return on equity (ROE)
-1.58%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
61,326Assets per employee
3.65%Cash dividends to net income (YTD only)
Condition Ratios (%)
113.97%Loss allowance to loans
1.72%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
44.75%Net loans and leases to core deposits
45.38%Equity capital to assets
14.61%Core capital (leverage) ratio
13.85%Tier 1 risk-based capital ratio
25.89%Total risk-based capital ratio
Memoranda
$27Average assets
$28,578Average earning assets
$3,542Average equity
$26,068Average loans
Total Fiduciary and Related Assets (December 31, 2006)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
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