FDIC Certificate #: 960 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:United Bank of Iowa (#958) Federal Reserve ID: 701745 Date Established: April 10, 1900 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 628 Numeric code: 21 Regulator: FDIC 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: January 01, 1934 Last Structure Change Effective Date: December 18, 2010 Last Structure Change Process Date: January 04, 2011 Last Data Update: January 04, 2011 Data Source Date: April 05, 2012
Location
Address: 124 Oak Street, Moorhead, IA 51558 County: Monona Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Sioux City Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: Western
Financial Summary
Total assets: $18.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2009)
Dollar figures in thousands
5Total employees (full-time equivalent)
$19,689Total assets
$204Cash and due from depository institutions
$28Interest-bearing balances
$920Securities
$1,281Federal funds sold & reverse repurchase agreements
$16,037Net loans & leases
$230Loan loss allowance
$0Trading account assets
$12Bank premises and fixed assets
$36Other real estate owned
$0Goodwill and other intangibles
$566Life insurance assets
$1,199All other assets
$19,689Total liabilities and capital
$15,933Total liabilities
$15,888Total deposits
$13,330Interest-bearing deposits
$15,888Deposits held in domestic offices
80.38%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$45All other liabilities
$3,756Total equity capital
$3,756Total bank equity capital
$3,756Perpetual preferred stock
$0Common stock
$240Surplus
$510Undivided profits
Memoranda
$3,006Noncurrent loans and leases
$1,951Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$926Earning assets
$0Long-term assets (5+ years)
$458Average Assets, year-to-date
$18,266Average Assets, quarterly
$5,188Volatile liabilities
$18,932Insider loans
$19,439FHLB advances
$1,466Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,951Total unused commitments
$0Restructured Loans and leases
$213Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$953Total interest income
$237Total interest expense
$716Net interest income
$319Provision for loan and lease losses
$78Total noninterest income
$0Fiduciary activities
$40Service charges on deposit accounts
$0Trading account gains & fees
$38Additional noninterest income
$265Total noninterest expense
$152Salaries and employee benefits
$25Premises and equipment expense
$88Additional noninterest expense
$210Pre-tax net operating income
$0Securities gains (losses)
$12Applicable income taxes
$198Income before extraordinary items
$0Extraordinary gains - net
$198Net income attributable to bank
$0Net charge-offs
$198Cash dividends
$250Sale, conversion, retirement of capital stock, net
$114Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.43%Yield on earning assets
1.35%Cost of funding earning assets
4.08%Net interest margin
0.44%Noninterest income to earning assets
1.51%Noninterest expense to earning assets
1.05%Net operating income to assets
1.05%Return on assets (ROA)
1.11%Pretax return on assets
5.32%Return on equity (ROE)
2.25%Retained earnings to average equity (YTD only)
1.65%Net charge-offs to loans
127.60%Credit loss provision to net charge-offs
2.12%Efficiency ratio
33,375Assets per employee
3.94%Cash dividends to net income (YTD only)
Condition Ratios (%)
57.58%Loss allowance to loans
1.41%Loss allowance to noncurrent loans
24.84%Noncurrent assets plus other real estate owned to assets
4.89%Noncurrent loans to loans
5.69%Net loans and leases to deposits
100.94%Net loans and leases to core deposits
111.20%Equity capital to assets
19.08%Core capital (leverage) ratio
19.27%Tier 1 risk-based capital ratio
22.10%Total risk-based capital ratio
Memoranda
$23Average assets
$18,932Average earning assets
$3,725Average equity
$17,567Average loans
Total Fiduciary and Related Assets (December 31, 2002)
Dollar figures in thousands
$1Total fiduciary and related assets
YesFiduciary powers granted
NoFiduciary or related activity
$35Managed Assets
1Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$0Other retirement accounts
$0Corporate trust and agency accounts
$0Investment management agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
$0Non-managed Assets
5Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$35Other retirement accounts
$35Corporate trust and agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
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