Magna Bank in city_name, state_name - Detailed Financial Reports, Location

Magna Bank in Indianola, Iowa (IA)
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Magna Bank - Overview

General
FDIC Certificate #: 13151
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Magna Bank, National Association (#4518)
Federal Reserve ID: 923846
Date Established: Febuary 26, 1919
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 5 (Interstate: No)
OTS Docket #: 13661
FDIC's unique #: 8315
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 09, 1934
Last Structure Change Effective Date: July 18, 1997
Last Structure Change Process Date: August 06, 1997
Last Data Update: August 06, 1997
Data Source Date: April 05, 2012
Location
Address: 114 North Howard Street, Indianola, IA 50125
County: Warren
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
Metropolitan Statistical Area (MSA): Des Moines, IA (#2120)
Combined Statistical Area (CSA): Des Moines-Newton-Pella, IA (#218)
Core Based Statistical Area (CBSA): Des Moines-West Des Moines, IA (#19780)
CBSA Metro Statistical Area: Des Moines-West Des Moines, IA (#19780)
Financial Summary
Total assets: $136.7 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

Dollar figures in thousands
0Total employees (full-time equivalent)
$57Total assets
$129,876Cash and due from depository institutions
$7,252Interest-bearing balances
$0Securities
$10,512Federal funds sold & reverse repurchase agreements
$19,050Net loans & leases
$89,103Loan loss allowance
$870Trading account assets
$0Bank premises and fixed assets
$2,069Other real estate owned
$53Goodwill and other intangibles
$1,837Life insurance assets
$0All other assets
$0Total liabilities and capital
$129,876Total liabilities
$118,512Total deposits
$117,460Interest-bearing deposits
$101,073Deposits held in domestic offices
117460.00%% insured (estimated)
$91Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$1,052Total equity capital
$1,052Total bank equity capital
$11,364Perpetual preferred stock
$0Common stock
$1,500Surplus
$3,500Undivided profits
Memoranda
$6,364Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$117Income earned, not collected on loans
$906Earning assets
$118,665Long-term assets (5+ years)
$5,213Average Assets, year-to-date
$127,645Average Assets, quarterly
$128,082Volatile liabilities
$5,133Insider loans
$1,276FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$21,846Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$11,289Total risk weighted assets
$86,295Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$9,410Total interest expense
$3,900Net interest income
$5,510Provision for loan and lease losses
$40Total noninterest income
$778Fiduciary activities
$0Service charges on deposit accounts
$581Trading account gains & fees
$0Additional noninterest income
$197Total noninterest expense
$3,451Salaries and employee benefits
$1,890Premises and equipment expense
$451Additional noninterest expense
$1,110Pre-tax net operating income
$2,797Securities gains (losses)
$0Applicable income taxes
$993Income before extraordinary items
$1,804Extraordinary gains - net
$0Net income attributable to bank
$1,804Net charge-offs
$89Cash dividends
$1,500Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1996)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.01%Cost of funding earning assets
3.32%Net interest margin
4.69%Noninterest income to earning assets
0.66%Noninterest expense to earning assets
2.94%Net operating income to assets
1.41%Return on assets (ROA)
1.41%Pretax return on assets
2.19%Return on equity (ROE)
16.08%Retained earnings to average equity (YTD only)
2.71%Net charge-offs to loans
0.10%Credit loss provision to net charge-offs
44.94%Efficiency ratio
54,882Assets per employee
2.28%Cash dividends to net income (YTD only)
Condition Ratios (%)
83.15%Loss allowance to loans
0.97%Loss allowance to noncurrent loans
743.59%Noncurrent assets plus other real estate owned to assets
0.13%Noncurrent loans to loans
0.13%Net loans and leases to deposits
75.86%Net loans and leases to core deposits
79.32%Equity capital to assets
8.75%Core capital (leverage) ratio
8.75%Tier 1 risk-based capital ratio
13.08%Total risk-based capital ratio
Memoranda
$14Average assets
$127,645Average earning assets
$11,221Average equity
$117,445Average loans

Magna Bank in Indianola, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Magna Bank - Overview

Assets and Liabilities (December 31, 1996)

Income and Expense (December 31, 1996)

Performance and Condition Ratios (December 31, 1996)

Comment about this bank, ask questions, or add new information about it:

Magna Bank in Indianola, Iowa (IA)Overview, Financial Summary, Detailed Financial Reports, Branches

Magna Bank - Overview

Assets and Liabilities (December 31, 1996)

Income and Expense (December 31, 1996)

Performance and Condition Ratios (December 31, 1996)

Comment about this bank, ask questions, or add new information about it:

Magna Bank in Indianola, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches