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

This bank is inactive as of June 01, 1994

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

General
FDIC Certificate #: 26215
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: United Bank of Iowa (#958)
Federal Reserve ID: 259947
Date Established: April 26, 1985
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Interstate: No)
FDIC's unique #: 32546
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 26, 1985
Last Structure Change Effective Date: June 01, 1994
Last Structure Change Process Date: June 16, 1994
Last Data Update: June 16, 1994
Data Source Date: April 05, 2012
Location
Address: 301 Main Street, Odebolt, IA 51458
County: Sac
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: $14.6 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

Dollar figures in thousands
0Total employees (full-time equivalent)
$8Total assets
$14,762Cash and due from depository institutions
$419Interest-bearing balances
$100Securities
$3,594Federal funds sold & reverse repurchase agreements
$25Net loans & leases
$10,316Loan loss allowance
$101Trading account assets
$0Bank premises and fixed assets
$98Other real estate owned
$0Goodwill and other intangibles
$302Life insurance assets
$8All other assets
$0Total liabilities and capital
$14,762Total liabilities
$13,649Total deposits
$13,560Interest-bearing deposits
$12,484Deposits held in domestic offices
13560.00%% insured (estimated)
$97Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$89Total equity capital
$89Total bank equity capital
$1,113Perpetual preferred stock
$0Common stock
$500Surplus
$336Undivided profits
Memoranda
$277Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1Income earned, not collected on loans
$121Earning assets
$14,035Long-term assets (5+ years)
$863Average Assets, year-to-date
$14,543Average Assets, quarterly
$14,755Volatile liabilities
$1,208Insider loans
$69FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$1,362Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$1,105Total risk weighted assets
$11,210Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1993)

Dollar figures in thousands
$0Total interest income
$1,015Total interest expense
$487Net interest income
$528Provision for loan and lease losses
$14Total noninterest income
$71Fiduciary activities
$0Service charges on deposit accounts
$44Trading account gains & fees
$0Additional noninterest income
$27Total noninterest expense
$435Salaries and employee benefits
$178Premises and equipment expense
$25Additional noninterest expense
$232Pre-tax net operating income
$150Securities gains (losses)
$0Applicable income taxes
$34Income before extraordinary items
$116Extraordinary gains - net
$0Net income attributable to bank
$116Net charge-offs
$6Cash dividends
$80Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1993)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.42%Cost of funding earning assets
3.56%Net interest margin
3.86%Noninterest income to earning assets
0.52%Noninterest expense to earning assets
3.18%Net operating income to assets
0.80%Return on assets (ROA)
0.80%Pretax return on assets
1.03%Return on equity (ROE)
10.70%Retained earnings to average equity (YTD only)
3.32%Net charge-offs to loans
0.07%Credit loss provision to net charge-offs
233.33%Efficiency ratio
71,619Assets per employee
1.85%Cash dividends to net income (YTD only)
Condition Ratios (%)
68.97%Loss allowance to loans
0.97%Loss allowance to noncurrent loans
10100.00%Noncurrent assets plus other real estate owned to assets
0.01%Noncurrent loans to loans
0.01%Net loans and leases to deposits
76.08%Net loans and leases to core deposits
83.52%Equity capital to assets
7.54%Core capital (leverage) ratio
7.37%Tier 1 risk-based capital ratio
9.86%Total risk-based capital ratio
Memoranda
$11Average assets
$14,543Average earning assets
$1,084Average equity
$13,682Average loans

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