FDIC Certificate #: 27239 Status: Inactive Closing history: Change in Geographic Region/Area/Territory/Field Office Acquiring institution:Commercial Federal Bank, a Federal Savings Bank (#30341) Federal Reserve ID: 1189760 Date Established: May 06, 1988 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 5 (Interstate: No) OTS Docket #: 13828 FDIC's unique #: 39179 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: May 06, 1988 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: 102 North Clark, Forest City, IA 50436 County: Winnebago 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
History of Changes
Merger - Without Assistance
Change in Geographic Region/Area/Territory/Field Office
Financial Summary
Total assets: $64.7 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
28Total employees (full-time equivalent)
$64,737Total assets
$3,530Cash and due from depository institutions
$0Interest-bearing balances
$6,641Securities
$7,040Federal funds sold & reverse repurchase agreements
$44,747Net loans & leases
$449Loan loss allowance
$0Trading account assets
$1,209Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,570All other assets
$64,737Total liabilities and capital
$59,710Total liabilities
$58,965Total deposits
$52,013Interest-bearing deposits
$58,965Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$745All other liabilities
$5,027Total equity capital
$5,027Total bank equity capital
$5,027Perpetual preferred stock
$0Common stock
$800Surplus
$2,190Undivided profits
Memoranda
$2,037Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$398Earning assets
$11Long-term assets (5+ years)
$739Average Assets, year-to-date
$58,428Average Assets, quarterly
$3,167Volatile liabilities
$59,810Insider loans
$62,362FHLB advances
$9,866Loans and leases held for sale
$169Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$11,901Total unused commitments
$0Restructured Loans and leases
$53,930Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$4,492Total interest income
$2,186Total interest expense
$2,306Net interest income
$72Provision for loan and lease losses
$1,972Total noninterest income
$0Fiduciary activities
$305Service charges on deposit accounts
$0Trading account gains & fees
$1,667Additional noninterest income
$2,835Total noninterest expense
$1,396Salaries and employee benefits
$430Premises and equipment expense
$1,009Additional noninterest expense
$1,371Pre-tax net operating income
$13Securities gains (losses)
$484Applicable income taxes
$900Income before extraordinary items
$0Extraordinary gains - net
$900Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$49Sale, conversion, retirement of capital stock, net
$430Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.27%Yield on earning assets
4.02%Cost of funding earning assets
4.24%Net interest margin
3.63%Noninterest income to earning assets
5.22%Noninterest expense to earning assets
1.49%Net operating income to assets
1.50%Return on assets (ROA)
2.31%Pretax return on assets
20.13%Return on equity (ROE)
10.51%Retained earnings to average equity (YTD only)
0.11%Net charge-offs to loans
146.94%Credit loss provision to net charge-offs
29.45%Efficiency ratio
66,269Assets per employee
2.31%Cash dividends to net income (YTD only)
Condition Ratios (%)
47.78%Loss allowance to loans
0.99%Loss allowance to noncurrent loans
112.81%Noncurrent assets plus other real estate owned to assets
0.61%Noncurrent loans to loans
0.88%Net loans and leases to deposits
75.89%Net loans and leases to core deposits
91.14%Equity capital to assets
7.77%Core capital (leverage) ratio
8.10%Tier 1 risk-based capital ratio
9.26%Total risk-based capital ratio
Memoranda
$10Average assets
$59,810Average earning assets
$4,472Average equity
$54,346Average loans
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