Pella State Bank in Pella, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 01, 2006

Pella State Bank in Pella, Iowa (IA)
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Pella State Bank - Overview

General
FDIC Certificate #: 34600
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: MidWestOne Bank (#14197)
Federal Reserve ID: 2602800
Date Established: December 08, 1997
WWW: http://www.pellabank.com
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Interstate: No)
OTS Docket #: 15530
FDIC's unique #: 60764
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: December 08, 1997
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: 700 Main Street, Pella, IA 50219
County: Marion
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
Combined Statistical Area (CSA): Des Moines-Newton-Pella, IA (#218)
Core Based Statistical Area (CBSA): Pella, IA (#37800)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $62.8 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, 2005)

Dollar figures in thousands
13Total employees (full-time equivalent)
$62,829Total assets
$869Cash and due from depository institutions
$17Interest-bearing balances
$19,618Securities
$0Federal funds sold & reverse repurchase agreements
$39,188Net loans & leases
$694Loan loss allowance
$0Trading account assets
$852Bank premises and fixed assets
$872Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,430All other assets
$62,829Total liabilities and capital
$57,500Total liabilities
$49,545Total deposits
$45,702Interest-bearing deposits
$49,545Deposits held in domestic offices
0.00%% insured (estimated)
$4,560Federal funds purchased & repurchase agreements
$0Trading liabilities
$3,000Other borrowed funds
$0Subordinated debt
$395All other liabilities
$5,329Total equity capital
$5,329Total bank equity capital
$5,329Perpetual preferred stock
$0Common stock
$500Surplus
$4,500Undivided profits
Memoranda
$329Noncurrent loans and leases
$3,695Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$2,228Earning assets
$0Long-term assets (5+ years)
$624Average Assets, year-to-date
$58,823Average Assets, quarterly
$5,872Volatile liabilities
$65,783Insider loans
$63,653FHLB advances
$15,393Loans and leases held for sale
$2,958Unused loan commitments
$3,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,695Total unused commitments
$0Restructured Loans and leases
$605Derivatives

Income and Expense (December 31, 2005)

Dollar figures in thousands
$4,068Total interest income
$1,640Total interest expense
$2,428Net interest income
$318Provision for loan and lease losses
$211Total noninterest income
$0Fiduciary activities
$99Service charges on deposit accounts
$0Trading account gains & fees
$112Additional noninterest income
$1,447Total noninterest expense
$648Salaries and employee benefits
$332Premises and equipment expense
$467Additional noninterest expense
$874Pre-tax net operating income
$0Securities gains (losses)
$278Applicable income taxes
$596Income before extraordinary items
$0Extraordinary gains - net
$596Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$278Sale, conversion, retirement of capital stock, net
$600Net operating income

Performance and Condition Ratios (December 31, 2005)

Dollar figures in thousands
Performance Ratios (%, annualized)
6.55%Yield on earning assets
2.64%Cost of funding earning assets
3.91%Net interest margin
0.34%Noninterest income to earning assets
2.33%Noninterest expense to earning assets
0.91%Net operating income to assets
0.91%Return on assets (ROA)
1.33%Pretax return on assets
10.96%Return on equity (ROE)
-0.07%Retained earnings to average equity (YTD only)
0.68%Net charge-offs to loans
114.39%Credit loss provision to net charge-offs
4.29%Efficiency ratio
54,831Assets per employee
4.83%Cash dividends to net income (YTD only)
Condition Ratios (%)
100.67%Loss allowance to loans
1.74%Loss allowance to noncurrent loans
31.15%Noncurrent assets plus other real estate owned to assets
4.93%Noncurrent loans to loans
5.59%Net loans and leases to deposits
79.10%Net loans and leases to core deposits
101.23%Equity capital to assets
8.48%Core capital (leverage) ratio
8.62%Tier 1 risk-based capital ratio
11.42%Total risk-based capital ratio
Memoranda
$13Average assets
$65,783Average earning assets
$5,437Average equity
$62,060Average loans

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