FDIC Certificate #: 17439 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Rolling Hills Bank & Trust (#15334) Federal Reserve ID: 859543 Date Established: April 25, 1955 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 3 (Interstate: No) OTS Docket #: 14647 FDIC's unique #: 11432 Numeric code: 13 Regulator: FED Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: April 25, 1955 Last Structure Change Effective Date: March 29, 2008 Last Structure Change Process Date: April 24, 2008 Last Data Update: April 24, 2008 Data Source Date: April 05, 2012
Location
Address: 615 South Division Street, Stuart, IA 50250 County: Adair 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
Financial Summary
Total assets: $43.7 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2007)
Dollar figures in thousands
12Total employees (full-time equivalent)
$43,721Total assets
$2,567Cash and due from depository institutions
$2,352Interest-bearing balances
$11,381Securities
$15,000Federal funds sold & reverse repurchase agreements
$9,862Net loans & leases
$114Loan loss allowance
$0Trading account assets
$702Bank premises and fixed assets
$0Other real estate owned
$1,895Goodwill and other intangibles
$1,175Life insurance assets
$2,314All other assets
$43,721Total liabilities and capital
$37,940Total liabilities
$31,413Total deposits
$26,943Interest-bearing deposits
$31,413Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$6,300Other borrowed funds
$0Subordinated debt
$227All other liabilities
$5,781Total equity capital
$5,781Total bank equity capital
$5,781Perpetual preferred stock
$0Common stock
$300Surplus
$5,591Undivided profits
Memoranda
$-110Noncurrent loans and leases
$2,425Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$209Average Assets, year-to-date
$38,595Average Assets, quarterly
$2,860Volatile liabilities
$42,424Insider loans
$41,426FHLB advances
$8,125Loans and leases held for sale
$0Unused loan commitments
$6,300Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$2,425Total unused commitments
$0Restructured Loans and leases
$114Derivatives
Income and Expense (December 31, 2007)
Dollar figures in thousands
$2,126Total interest income
$1,295Total interest expense
$831Net interest income
-$121Provision for loan and lease losses
$260Total noninterest income
$0Fiduciary activities
$116Service charges on deposit accounts
$0Trading account gains & fees
$144Additional noninterest income
$880Total noninterest expense
$342Salaries and employee benefits
$156Premises and equipment expense
$382Additional noninterest expense
$332Pre-tax net operating income
$0Securities gains (losses)
$14Applicable income taxes
$318Income before extraordinary items
$0Extraordinary gains - net
$318Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$752Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2007)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.72%Yield on earning assets
3.48%Cost of funding earning assets
2.24%Net interest margin
0.70%Noninterest income to earning assets
2.37%Noninterest expense to earning assets
0.75%Net operating income to assets
0.75%Return on assets (ROA)
0.78%Pretax return on assets
5.73%Return on equity (ROE)
5.73%Retained earnings to average equity (YTD only)
5.26%Net charge-offs to loans
-16.09%Credit loss provision to net charge-offs
0.28%Efficiency ratio
80,660Assets per employee
3.64%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.14%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
31.39%Net loans and leases to core deposits
35.62%Equity capital to assets
13.22%Core capital (leverage) ratio
9.82%Tier 1 risk-based capital ratio
20.43%Total risk-based capital ratio
Memoranda
$21Average assets
$42,424Average earning assets
$5,546Average equity
$37,161Average loans
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