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

This bank is inactive as of December 31, 2001

Iowa State Bank in Orange City, Iowa (IA)
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Iowa State Bank - Overview

General
FDIC Certificate #: 21039
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Iowa State Bank (#13953)
Federal Reserve ID: 61047
Date Established: April 14, 1973
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 4 (Interstate: No)
OTS Docket #: 11139
FDIC's unique #: 14541
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: April 14, 1973
Last Structure Change Effective Date: December 31, 2001
Last Structure Change Process Date: January 29, 2002
Last Data Update: January 29, 2002
Data Source Date: April 05, 2012
Location
Address: 107 Albany Avenue, S.E., Orange City, IA 51041
County: Sioux
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Sioux City
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: Western
Financial Summary
Total assets: $105.5 mil

1992 - 1999 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, 2000)

Dollar figures in thousands
35Total employees (full-time equivalent)
$107,233Total assets
$4,565Cash and due from depository institutions
$0Interest-bearing balances
$21,845Securities
$1,650Federal funds sold & reverse repurchase agreements
$74,410Net loans & leases
$1,215Loan loss allowance
$0Trading account assets
$2,703Bank premises and fixed assets
$0Other real estate owned
$42Goodwill and other intangibles
$0Life insurance assets
$2,018All other assets
$107,233Total liabilities and capital
$98,029Total liabilities
$91,965Total deposits
$82,878Interest-bearing deposits
$91,965Deposits held in domestic offices
0.00%% insured (estimated)
$1,893Federal funds purchased & repurchase agreements
$0Trading liabilities
$3,224Other borrowed funds
$0Subordinated debt
$947All other liabilities
$9,204Total equity capital
$9,204Total bank equity capital
$9,204Perpetual preferred stock
$0Common stock
$503Surplus
$3,122Undivided profits
Memoranda
$5,579Noncurrent loans and leases
$13,235Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$463Earning assets
$0Long-term assets (5+ years)
$1,225Average Assets, year-to-date
$97,905Average Assets, quarterly
$15,577Volatile liabilities
$99,319Insider loans
$105,337FHLB advances
$13,625Loans and leases held for sale
$898Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$836Total risk weighted assets
$13,235Total unused commitments
$120Restructured Loans and leases
$1,063Derivatives

Income and Expense (December 31, 2000)

Dollar figures in thousands
$7,481Total interest income
$4,258Total interest expense
$3,223Net interest income
$260Provision for loan and lease losses
$440Total noninterest income
$0Fiduciary activities
$177Service charges on deposit accounts
$0Trading account gains & fees
$263Additional noninterest income
$2,317Total noninterest expense
$1,315Salaries and employee benefits
$388Premises and equipment expense
$614Additional noninterest expense
$1,086Pre-tax net operating income
-$4Securities gains (losses)
$315Applicable income taxes
$767Income before extraordinary items
$0Extraordinary gains - net
$767Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$77Sale, conversion, retirement of capital stock, net
$176Net operating income

Performance and Condition Ratios (December 31, 2000)

Dollar figures in thousands
Performance Ratios (%, annualized)
8.28%Yield on earning assets
4.72%Cost of funding earning assets
3.57%Net interest margin
0.49%Noninterest income to earning assets
2.57%Noninterest expense to earning assets
0.78%Net operating income to assets
0.77%Return on assets (ROA)
1.09%Pretax return on assets
8.62%Return on equity (ROE)
6.64%Retained earnings to average equity (YTD only)
0.11%Net charge-offs to loans
337.66%Credit loss provision to net charge-offs
17.48%Efficiency ratio
61,289Assets per employee
3.06%Cash dividends to net income (YTD only)
Condition Ratios (%)
22.95%Loss allowance to loans
1.61%Loss allowance to noncurrent loans
262.42%Noncurrent assets plus other real estate owned to assets
0.43%Noncurrent loans to loans
0.61%Net loans and leases to deposits
80.91%Net loans and leases to core deposits
92.56%Equity capital to assets
8.58%Core capital (leverage) ratio
8.65%Tier 1 risk-based capital ratio
10.81%Total risk-based capital ratio
Memoranda
$12Average assets
$99,319Average earning assets
$8,902Average equity
$90,297Average loans

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