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

This bank is inactive as of July 18, 1997

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

  • General
  • FDIC Certificate #: 4518
    Status: Inactive
    Closing history: Participated in Absorption/Consolidation/Merger
    Acquiring institution: Magna Bank, National Association (#20606)
    Federal Reserve ID: 127448
    Date Established: June 15, 1933
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 11 (Interstate: No)
    OTS Docket #: 10816
    FDIC's unique #: 2986
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 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: 100 East Park Avenue, Waterloo, IA 50704
    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 Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $679.7 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)
  • $263Total assets
  • $605,184Cash and due from depository institutions
  • $42,344Interest-bearing balances
  • $0Securities
  • $61,459Federal funds sold & reverse repurchase agreements
  • $109,825Net loans & leases
  • $375,247Loan loss allowance
  • $4,110Trading account assets
  • $0Bank premises and fixed assets
  • $9,201Other real estate owned
  • $0Goodwill and other intangibles
  • $7,108Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $605,184Total liabilities
  • $563,261Total deposits
  • $435,266Interest-bearing deposits
  • $338,444Deposits held in domestic offices
  • 435266.00%% insured (estimated)
  • $68Federal funds purchased & repurchase agreements
  • $110,100Trading liabilities
  • $0Other borrowed funds
  • $15,140Subordinated debt
  • $0All other liabilities
  • $2,755Total equity capital
  • $2,755Total bank equity capital
  • $41,923Perpetual preferred stock
  • $0Common stock
  • $1,460Surplus
  • $4,645Undivided profits
  • Memoranda
  • $35,818Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,987Income earned, not collected on loans
  • $3,430Earning assets
  • $546,531Long-term assets (5+ years)
  • $30,143Average Assets, year-to-date
  • $571,811Average Assets, quarterly
  • $576,419Volatile liabilities
  • $161,801Insider loans
  • $18,163FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $128,024Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $41,657Total risk weighted assets
  • $404,478Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $41,200Total interest expense
  • $19,162Net interest income
  • $22,038Provision for loan and lease losses
  • $1,725Total noninterest income
  • $9,140Fiduciary activities
  • $2,366Service charges on deposit accounts
  • $1,744Trading account gains & fees
  • $0Additional noninterest income
  • $5,030Total noninterest expense
  • $17,073Salaries and employee benefits
  • $9,331Premises and equipment expense
  • $3,295Additional noninterest expense
  • $4,447Pre-tax net operating income
  • $12,380Securities gains (losses)
  • $0Applicable income taxes
  • $4,122Income before extraordinary items
  • $8,258Extraordinary gains - net
  • $0Net income attributable to bank
  • $8,258Net charge-offs
  • $614Cash dividends
  • $7,000Sale, 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
  • 7.98%Cost of funding earning assets
  • 3.71%Net interest margin
  • 4.27%Noninterest income to earning assets
  • 1.77%Noninterest expense to earning assets
  • 3.31%Net operating income to assets
  • 1.44%Return on assets (ROA)
  • 1.44%Pretax return on assets
  • 2.17%Return on equity (ROE)
  • 20.01%Retained earnings to average equity (YTD only)
  • 3.05%Net charge-offs to loans
  • 0.17%Credit loss provision to net charge-offs
  • 280.94%Efficiency ratio
  • 54,760Assets per employee
  • 2.30%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 84.77%Loss allowance to loans
  • 1.08%Loss allowance to noncurrent loans
  • 206.84%Noncurrent assets plus other real estate owned to assets
  • 0.33%Noncurrent loans to loans
  • 0.52%Net loans and leases to deposits
  • 86.21%Net loans and leases to core deposits
  • 95.79%Equity capital to assets
  • 6.93%Core capital (leverage) ratio
  • 6.94%Tier 1 risk-based capital ratio
  • 10.30%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $571,811Average earning assets
  • $41,273Average equity
  • $516,284Average loans

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