Liberty Bank & Trust in Mason City, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 13, 1998

Liberty Bank & Trust in Mason City, Iowa (IA)
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Liberty Bank & Trust - Overview

General
FDIC Certificate #: 17731
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Commercial Federal Bank, a Federal Savings Bank (#30341)
Federal Reserve ID: 594349
Date Established: March 25, 1957
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 10 (Interstate: No)
OTS Docket #: 12161
FDIC's unique #: 11688
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 25, 1957
Last Structure Change Effective Date: Febuary 13, 1998
Last Structure Change Process Date: April 13, 1998
Last Data Update: April 13, 1998
Data Source Date: April 05, 2012
Location
Address: 100 East State Street, Mason City, IA 50401
County: Cerro Gordo
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): Mason City, IA (#32380)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $109.6 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

Dollar figures in thousands
36Total employees (full-time equivalent)
$109,636Total assets
$3,915Cash and due from depository institutions
$186Interest-bearing balances
$13,666Securities
$1,862Federal funds sold & reverse repurchase agreements
$86,260Net loans & leases
$788Loan loss allowance
$0Trading account assets
$1,280Bank premises and fixed assets
$830Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,823All other assets
$109,636Total liabilities and capital
$101,358Total liabilities
$98,361Total deposits
$87,638Interest-bearing deposits
$98,361Deposits held in domestic offices
0.00%% insured (estimated)
$2,108Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$889All other liabilities
$8,278Total equity capital
$8,278Total bank equity capital
$8,278Perpetual preferred stock
$0Common stock
$500Surplus
$4,142Undivided profits
Memoranda
$3,636Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$304Earning assets
$0Long-term assets (5+ years)
$1,143Average Assets, year-to-date
$101,974Average Assets, quarterly
$4,423Volatile liabilities
$104,931Insider loans
$108,308FHLB advances
$13,844Loans and leases held for sale
$1,249Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$613Total risk weighted assets
$12,151Total unused commitments
$0Restructured Loans and leases
$90,563Derivatives

Income and Expense (December 31, 1997)

Dollar figures in thousands
$8,400Total interest income
$3,947Total interest expense
$4,453Net interest income
$389Provision for loan and lease losses
$750Total noninterest income
$0Fiduciary activities
$477Service charges on deposit accounts
$0Trading account gains & fees
$273Additional noninterest income
$2,866Total noninterest expense
$1,306Salaries and employee benefits
$337Premises and equipment expense
$1,223Additional noninterest expense
$1,948Pre-tax net operating income
$12Securities gains (losses)
$634Applicable income taxes
$1,326Income before extraordinary items
$0Extraordinary gains - net
$1,326Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$322Sale, conversion, retirement of capital stock, net
$1,000Net operating income

Performance and Condition Ratios (December 31, 1997)

Dollar figures in thousands
Performance Ratios (%, annualized)
8.62%Yield on earning assets
4.05%Cost of funding earning assets
4.57%Net interest margin
0.77%Noninterest income to earning assets
2.94%Noninterest expense to earning assets
1.26%Net operating income to assets
1.26%Return on assets (ROA)
1.87%Pretax return on assets
16.91%Return on equity (ROE)
4.16%Retained earnings to average equity (YTD only)
0.41%Net charge-offs to loans
120.81%Credit loss provision to net charge-offs
7.26%Efficiency ratio
55,084Assets per employee
3.05%Cash dividends to net income (YTD only)
Condition Ratios (%)
75.41%Loss allowance to loans
0.91%Loss allowance to noncurrent loans
259.21%Noncurrent assets plus other real estate owned to assets
1.03%Noncurrent loans to loans
0.35%Net loans and leases to deposits
87.70%Net loans and leases to core deposits
99.58%Equity capital to assets
7.55%Core capital (leverage) ratio
7.66%Tier 1 risk-based capital ratio
9.14%Total risk-based capital ratio
Memoranda
$10Average assets
$104,931Average earning assets
$7,841Average equity
$97,475Average loans

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