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

This bank is inactive as of July 18, 1997

  • Magna Bank, FSB in Waterloo, Iowa (IA)
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Magna Bank, FSB - Overview

  • General
  • FDIC Certificate #: 30082
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Magna Bank, National Association (#20606)
    Federal Reserve ID: 801672
    Date Established: January 01, 1905
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 4707
    FDIC's unique #: 42916
    Numeric code: 33
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: No
    Date of Deposit Insurance: June 11, 1941
    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: 999 Home Plaza, Waterloo, IA 50701
    County: Black Hawk
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Cedar Rapids
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Metropolitan Statistical Area (MSA): Waterloo-Cedar Falls, IA (#8920)
    Core Based Statistical Area (CBSA): Waterloo-Cedar Falls, IA (#47940)
    CBSA Metro Statistical Area: Waterloo-Cedar Falls, IA (#47940)
  • History of Changes
  • Merger - Without Assistance
    Participated in Reorganization
    Corrections
  • Financial Summary
  • Total assets: $454.9 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)
  • $143Total assets
  • $409,229Cash and due from depository institutions
  • $7,173Interest-bearing balances
  • $2,405Securities
  • $50,707Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $318,130Loan loss allowance
  • $1,950Trading account assets
  • $0Bank premises and fixed assets
  • $10,363Other real estate owned
  • $431Goodwill and other intangibles
  • $9,302Life insurance assets
  • $13,123All other assets
  • $0Total liabilities and capital
  • $409,229Total liabilities
  • $366,345Total deposits
  • $227,522Interest-bearing deposits
  • $214,426Deposits held in domestic offices
  • 227522.00%% insured (estimated)
  • $96Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $130,350Subordinated debt
  • $0All other liabilities
  • $8,473Total equity capital
  • $8,473Total bank equity capital
  • $42,884Perpetual preferred stock
  • $0Common stock
  • $800Surplus
  • $41,659Undivided profits
  • Memoranda
  • $425Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $198Income earned, not collected on loans
  • $1,945Earning assets
  • $371,242Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $390,354Average Assets, quarterly
  • $401,746Volatile liabilities
  • $161,832Insider loans
  • $136FHLB advances
  • $50,000Loans and leases held for sale
  • $0Unused loan commitments
  • $55,688Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $29,701Total risk weighted assets
  • $279,127Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $29,790Total interest expense
  • $17,136Net interest income
  • $12,654Provision for loan and lease losses
  • $500Total noninterest income
  • $3,571Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $3,571Total noninterest expense
  • $14,192Salaries and employee benefits
  • $6,274Premises and equipment expense
  • $2,217Additional noninterest expense
  • $5,701Pre-tax net operating income
  • $1,533Securities gains (losses)
  • $531Applicable income taxes
  • $1,366Income before extraordinary items
  • $698Extraordinary gains - net
  • $0Net income attributable to bank
  • $698Net charge-offs
  • $350Cash dividends
  • $1,328Sale, 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
  • 8.49%Cost of funding earning assets
  • 4.88%Net interest margin
  • 3.60%Noninterest income to earning assets
  • 1.02%Noninterest expense to earning assets
  • 4.04%Net operating income to assets
  • 0.09%Return on assets (ROA)
  • 0.18%Pretax return on assets
  • 0.53%Return on equity (ROE)
  • 1.62%Retained earnings to average equity (YTD only)
  • -1.46%Net charge-offs to loans
  • 0.12%Credit loss provision to net charge-offs
  • 142.86%Efficiency ratio
  • 77,227Assets per employee
  • 2.86%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 190.26%Loss allowance to loans
  • 0.61%Loss allowance to noncurrent loans
  • 984.85%Noncurrent assets plus other real estate owned to assets
  • 0.15%Noncurrent loans to loans
  • 0.06%Net loans and leases to deposits
  • 139.82%Net loans and leases to core deposits
  • 162.28%Equity capital to assets
  • 10.48%Core capital (leverage) ratio
  • 7.50%Tier 1 risk-based capital ratio
  • 10.64%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $390,354Average earning assets
  • $43,080Average equity
  • $351,059Average loans

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