FDIC Certificate #: 15052 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First State Bank (#8500) Federal Reserve ID: 260149 Date Established: November 22, 1934 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 9439 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: March 15, 1935 Last Structure Change Effective Date: Febuary 07, 2008 Last Structure Change Process Date: March 26, 2008 Last Data Update: March 26, 2008 Data Source Date: April 05, 2012
Location
Address: 100 South Main Street, Odebolt, IA 51458 County: Sac 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: $5.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
2Total employees (full-time equivalent)
$5,806Total assets
$197Cash and due from depository institutions
$0Interest-bearing balances
$5,454Securities
$0Federal funds sold & reverse repurchase agreements
$144Net loans & leases
$161Loan loss allowance
$0Trading account assets
$0Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$11All other assets
$5,806Total liabilities and capital
$2,246Total liabilities
$2,242Total deposits
$980Interest-bearing deposits
$2,242Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$4All other liabilities
$3,560Total equity capital
$3,560Total bank equity capital
$3,560Perpetual preferred stock
$0Common stock
$100Surplus
$300Undivided profits
Memoranda
$3,160Noncurrent loans and leases
$0Noncurrent 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)
$9Average Assets, year-to-date
$5,598Average Assets, quarterly
$12Volatile liabilities
$6,109Insider loans
$5,892FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$0Restructured Loans and leases
$4Derivatives
Income and Expense (December 31, 2007)
Dollar figures in thousands
$307Total interest income
$23Total interest expense
$284Net interest income
$0Provision for loan and lease losses
$4Total noninterest income
$0Fiduciary activities
$2Service charges on deposit accounts
$0Trading account gains & fees
$2Additional noninterest income
$163Total noninterest expense
$84Salaries and employee benefits
$9Premises and equipment expense
$70Additional noninterest expense
$125Pre-tax net operating income
$0Securities gains (losses)
$35Applicable income taxes
$90Income before extraordinary items
$0Extraordinary gains - net
$90Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$2Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2007)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.16%Yield on earning assets
0.39%Cost of funding earning assets
4.78%Net interest margin
0.07%Noninterest income to earning assets
2.74%Noninterest expense to earning assets
1.47%Net operating income to assets
1.47%Return on assets (ROA)
2.05%Pretax return on assets
2.56%Return on equity (ROE)
2.56%Retained earnings to average equity (YTD only)
-0.47%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
56,597Assets per employee
2.90%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
52.79%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
6.42%Net loans and leases to core deposits
6.42%Equity capital to assets
61.32%Core capital (leverage) ratio
64.81%Tier 1 risk-based capital ratio
1898.93%Total risk-based capital ratio
Memoranda
$1,901Average assets
$6,109Average earning assets
$3,516Average equity
$5,947Average loans
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