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

This bank is inactive as of Febuary 13, 1998

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

General
FDIC Certificate #: 24699
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Commercial Federal Bank, a Federal Savings Bank (#30341)
Federal Reserve ID: 744845
Date Established: September 29, 1983
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Interstate: No)
OTS Docket #: 12885
FDIC's unique #: 17142
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: September 29, 1983
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: 114 East Jefferson Street, Bloomfield, IA 52537
County: Davis
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: $61.5 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
21Total employees (full-time equivalent)
$61,542Total assets
$2,322Cash and due from depository institutions
$99Interest-bearing balances
$6,380Securities
$25Federal funds sold & reverse repurchase agreements
$50,405Net loans & leases
$425Loan loss allowance
$0Trading account assets
$963Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,447All other assets
$61,542Total liabilities and capital
$56,645Total liabilities
$54,267Total deposits
$46,703Interest-bearing deposits
$54,267Deposits held in domestic offices
0.00%% insured (estimated)
$2,080Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$298All other liabilities
$4,897Total equity capital
$4,897Total bank equity capital
$4,897Perpetual preferred stock
$0Common stock
$125Surplus
$2,845Undivided profits
Memoranda
$1,927Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$442Earning assets
$0Long-term assets (5+ years)
$823Average Assets, year-to-date
$56,909Average Assets, quarterly
$1,425Volatile liabilities
$59,826Insider loans
$61,003FHLB advances
$6,126Loans and leases held for sale
$1,744Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$10,406Total unused commitments
$0Restructured Loans and leases
$51,458Derivatives

Income and Expense (December 31, 1997)

Dollar figures in thousands
$4,771Total interest income
$2,177Total interest expense
$2,594Net interest income
$252Provision for loan and lease losses
$381Total noninterest income
$0Fiduciary activities
$190Service charges on deposit accounts
$0Trading account gains & fees
$191Additional noninterest income
$1,521Total noninterest expense
$638Salaries and employee benefits
$213Premises and equipment expense
$670Additional noninterest expense
$1,202Pre-tax net operating income
$6Securities gains (losses)
$401Applicable income taxes
$807Income before extraordinary items
$0Extraordinary gains - net
$807Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$224Sale, conversion, retirement of capital stock, net
$930Net operating income

Performance and Condition Ratios (December 31, 1997)

Dollar figures in thousands
Performance Ratios (%, annualized)
8.63%Yield on earning assets
3.94%Cost of funding earning assets
4.69%Net interest margin
0.69%Noninterest income to earning assets
2.75%Noninterest expense to earning assets
1.34%Net operating income to assets
1.35%Return on assets (ROA)
2.02%Pretax return on assets
17.29%Return on equity (ROE)
-2.63%Retained earnings to average equity (YTD only)
0.48%Net charge-offs to loans
112.50%Credit loss provision to net charge-offs
6.49%Efficiency ratio
51,126Assets per employee
2.93%Cash dividends to net income (YTD only)
Condition Ratios (%)
115.24%Loss allowance to loans
0.84%Loss allowance to noncurrent loans
96.15%Noncurrent assets plus other real estate owned to assets
0.72%Noncurrent loans to loans
0.87%Net loans and leases to deposits
92.88%Net loans and leases to core deposits
100.37%Equity capital to assets
7.96%Core capital (leverage) ratio
8.03%Tier 1 risk-based capital ratio
9.49%Total risk-based capital ratio
Memoranda
$10Average assets
$59,826Average earning assets
$4,668Average equity
$55,315Average loans

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