FDIC Certificate #: 28495 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:MidWestOne Bank (#14197) Federal Reserve ID: 598374 Date Established: January 01, 1919 WWW:http://www.midwestonebank.com Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 4 (Interstate: No) OTS Docket #: 1708 FDIC's unique #: 41329 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Savings Association Insurance Fund (SAIF) Insured commercial Banks: Yes FDIC Insured: Yes SAIF Insured: Yes State Chartered: Yes Date of Deposit Insurance: December 07, 1934 Last Structure Change Effective Date: January 01, 2006 Last Structure Change Process Date: January 11, 2006 Last Data Update: January 11, 2006 Data Source Date: April 05, 2012
Location
Address: 3225 Division St, Burlington, IA 52601 County: Des Moines 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 Core Based Statistical Area (CBSA): Burlington, IA-IL (#15460) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $181.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2005)
Dollar figures in thousands
35Total employees (full-time equivalent)
$181,303Total assets
$1,982Cash and due from depository institutions
$51Interest-bearing balances
$27,432Securities
$9,860Federal funds sold & reverse repurchase agreements
$127,546Net loans & leases
$1,359Loan loss allowance
$0Trading account assets
$2,520Bank premises and fixed assets
$1,629Other real estate owned
$6,096Goodwill and other intangibles
$0Life insurance assets
$4,238All other assets
$181,303Total liabilities and capital
$161,355Total liabilities
$120,488Total deposits
$114,834Interest-bearing deposits
$120,488Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$40,000Other borrowed funds
$0Subordinated debt
$867All other liabilities
$19,948Total equity capital
$19,948Total bank equity capital
$19,948Perpetual preferred stock
$0Common stock
$5Surplus
$19,233Undivided profits
Memoranda
$710Noncurrent loans and leases
$16,639Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$8,604Earning assets
$638Long-term assets (5+ years)
$829Average Assets, year-to-date
$164,889Average Assets, quarterly
$16,508Volatile liabilities
$176,371Insider loans
$177,563FHLB advances
$19,513Loans and leases held for sale
$1,562Unused loan commitments
$40,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$110Total risk weighted assets
$16,639Total unused commitments
$0Restructured Loans and leases
$1,359Derivatives
Income and Expense (December 31, 2005)
Dollar figures in thousands
$10,889Total interest income
$4,641Total interest expense
$6,248Net interest income
$974Provision for loan and lease losses
$837Total noninterest income
$0Fiduciary activities
$342Service charges on deposit accounts
$0Trading account gains & fees
$495Additional noninterest income
$3,935Total noninterest expense
$1,871Salaries and employee benefits
$617Premises and equipment expense
$1,447Additional noninterest expense
$2,176Pre-tax net operating income
$0Securities gains (losses)
$700Applicable income taxes
$1,476Income before extraordinary items
$0Extraordinary gains - net
$1,476Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$767Sale, conversion, retirement of capital stock, net
$1,200Net operating income
Performance and Condition Ratios (December 31, 2005)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.81%Yield on earning assets
2.90%Cost of funding earning assets
3.91%Net interest margin
0.52%Noninterest income to earning assets
2.46%Noninterest expense to earning assets
0.84%Net operating income to assets
0.84%Return on assets (ROA)
1.23%Pretax return on assets
7.43%Return on equity (ROE)
1.39%Retained earnings to average equity (YTD only)
0.60%Net charge-offs to loans
126.99%Credit loss provision to net charge-offs
4.11%Efficiency ratio
53,931Assets per employee
5.18%Cash dividends to net income (YTD only)
Condition Ratios (%)
81.30%Loss allowance to loans
1.05%Loss allowance to noncurrent loans
15.79%Noncurrent assets plus other real estate owned to assets
5.64%Noncurrent loans to loans
6.67%Net loans and leases to deposits
105.86%Net loans and leases to core deposits
119.23%Equity capital to assets
11.00%Core capital (leverage) ratio
8.32%Tier 1 risk-based capital ratio
12.50%Total risk-based capital ratio
Memoranda
$14Average assets
$176,371Average earning assets
$19,877Average equity
$159,867Average loans
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