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

This bank is inactive as of October 22, 1993

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

General
FDIC Certificate #: 15335
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Liberty Bank & Trust (#24699)
Federal Reserve ID: 750042
Date Established: January 04, 1936
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Interstate: No)
FDIC's unique #: 9668
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: January 13, 1936
Last Structure Change Effective Date: October 22, 1993
Last Structure Change Process Date: November 22, 1993
Last Data Update: November 22, 1993
Data Source Date: April 05, 2012
Location
Address: Main And Linden Streets, Lamoni, IA 50140
County: Decatur
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: $20.5 mil

Assets and Liabilities (December 31, 1992)

Dollar figures in thousands
0Total employees (full-time equivalent)
$12Total assets
$24,590Cash and due from depository institutions
$2,030Interest-bearing balances
$191Securities
$7,692Federal funds sold & reverse repurchase agreements
$4,700Net loans & leases
$9,100Loan loss allowance
$235Trading account assets
$0Bank premises and fixed assets
$537Other real estate owned
$101Goodwill and other intangibles
$427Life insurance assets
$3All other assets
$0Total liabilities and capital
$24,590Total liabilities
$23,070Total deposits
$22,854Interest-bearing deposits
$18,881Deposits held in domestic offices
22854.00%% insured (estimated)
$84Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$216Total equity capital
$216Total bank equity capital
$1,520Perpetual preferred stock
$0Common stock
$700Surplus
$766Undivided profits
Memoranda
$54Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$30Income earned, not collected on loans
$193Earning assets
$21,683Long-term assets (5+ years)
$3,123Average Assets, year-to-date
$22,997Average Assets, quarterly
$22,991Volatile liabilities
$500Insider loans
$75FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$1,568Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$1,517Total risk weighted assets
$11,329Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1992)

Dollar figures in thousands
$0Total interest income
$1,723Total interest expense
$751Net interest income
$972Provision for loan and lease losses
$194Total noninterest income
$119Fiduciary activities
$0Service charges on deposit accounts
$80Trading account gains & fees
$0Additional noninterest income
$39Total noninterest expense
$845Salaries and employee benefits
$360Premises and equipment expense
$113Additional noninterest expense
$372Pre-tax net operating income
$52Securities gains (losses)
$46Applicable income taxes
$46Income before extraordinary items
$52Extraordinary gains - net
$0Net income attributable to bank
$52Net charge-offs
$191Cash dividends
$14Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1992)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.48%Cost of funding earning assets
3.70%Net interest margin
4.79%Noninterest income to earning assets
0.59%Noninterest expense to earning assets
4.16%Net operating income to assets
0.10%Return on assets (ROA)
0.23%Pretax return on assets
0.43%Return on equity (ROE)
3.39%Retained earnings to average equity (YTD only)
2.47%Net charge-offs to loans
1.78%Credit loss provision to net charge-offs
101.57%Efficiency ratio
77,452Assets per employee
2.05%Cash dividends to net income (YTD only)
Condition Ratios (%)
26.92%Loss allowance to loans
2.52%Loss allowance to noncurrent loans
783.33%Noncurrent assets plus other real estate owned to assets
0.53%Noncurrent loans to loans
0.32%Net loans and leases to deposits
39.82%Net loans and leases to core deposits
40.71%Equity capital to assets
6.18%Core capital (leverage) ratio
6.60%Tier 1 risk-based capital ratio
13.39%Total risk-based capital ratio
Memoranda
$15Average assets
$22,997Average earning assets
$1,536Average equity
$20,307Average loans

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