FDIC Certificate #: 5818 Status: Active Federal Reserve ID: 679246 Bank Holding Company (Regulatory Top Holder): R & J Financial Corporation (RSSDID: 1210570, Location: Elma, IA) Date Established: January 01, 1927 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) OTS Docket #: 12143 FDIC's unique #: 3976 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Agricultural lending institution: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: Yes Asset Concentration Hierarchy: Agricultural Specialization Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: March 31, 2006 Last Structure Change Process Date: November 03, 2006 Last Data Update: November 03, 2006 Data Source Date: April 05, 2012
Location
Address: 328 Main Street, Elma, IA 50628 County: Howard 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
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $59.2 mil Equity capital: $5.5 mil Deposits held in domestic offices: $46.9 mil Return on assets (ROA): 1.70% ($1.0 mil) Quarterly return on assets: 1.74% ($1.0 mil) Return on Equity (ROE): 18.86% ($0.9 mil) Quarterly return on equity: 18.71% ($0.9 mil) Net income: $1.0 mil Quarterly Net income: $0.3 mil Pretax return on assets: 1.78% ($1,054.0 mil) Quarterly Pretax return on assets: 1.80% ($1,065.8 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2011)
Dollar figures in thousands
11Total employees (full-time equivalent)
$59,213Total assets
$5,163Cash and due from depository institutions
$3,107Interest-bearing balances
$803Securities
$0Federal funds sold & reverse repurchase agreements
$51,227Net loans & leases
$702Loan loss allowance
$0Trading account assets
$114Bank premises and fixed assets
$87Other real estate owned
$0Goodwill and other intangibles
$59,213Life insurance assets
$1,819All other assets
$53,749Total liabilities and capital
$46,889Total liabilities
$40,624Total deposits
$46,889Interest-bearing deposits
$92Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$6,700Trading liabilities
$0Other borrowed funds
$160Subordinated debt
$5,464All other liabilities
$5,464Total equity capital
$5,464Total bank equity capital
$0Perpetual preferred stock
$302Common stock
$2,742Surplus
$2,420Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$457Income earned, not collected on loans
$0Earning assets
$764Long-term assets (5+ years)
$55,137Average Assets, year-to-date
$3,585Average Assets, quarterly
$59,608Volatile liabilities
$59,196Insider loans
$46,386FHLB advances
$59,607Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$5,456Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$13,673Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$3,233Total interest income
$898Total interest expense
$2,335Net interest income
$190Provision for loan and lease losses
$63Total noninterest income
$0Fiduciary activities
$72Service charges on deposit accounts
$0Trading account gains & fees
-$9Additional noninterest income
$1,147Total noninterest expense
$671Salaries and employee benefits
$149Premises and equipment expense
$327Additional noninterest expense
$1,061Pre-tax net operating income
$0Securities gains (losses)
$49Applicable income taxes
$1,012Income before extraordinary items
$0Extraordinary gains - net
$1,012Net income attributable to bank
$0Net charge-offs
$1,012Cash dividends
$95Sale, conversion, retirement of capital stock, net
$731Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.75%Yield on earning assets
1.60%Cost of funding earning assets
4.15%Net interest margin
0.11%Noninterest income to earning assets
2.04%Noninterest expense to earning assets
1.70%Net operating income to assets
1.70%Return on assets (ROA)
1.78%Pretax return on assets
18.86%Return on equity (ROE)
5.24%Retained earnings to average equity (YTD only)
0.18%Net charge-offs to loans
200.00%Credit loss provision to net charge-offs
13.17%Efficiency ratio
47,832Assets per employee
5.38%Cash dividends to net income (YTD only)
Condition Ratios (%)
72.23%Loss allowance to loans
1.35%Loss allowance to noncurrent loans
153.61%Noncurrent assets plus other real estate owned to assets
0.92%Noncurrent loans to loans
0.88%Net loans and leases to deposits
109.25%Net loans and leases to core deposits
127.99%Equity capital to assets
9.23%Core capital (leverage) ratio
9.15%Tier 1 risk-based capital ratio
11.76%Total risk-based capital ratio
Memoranda
$13Average assets
$59,608Average earning assets
$5,365Average equity
$56,209Average loans
Total Fiduciary and Related Assets (December 31, 2011)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
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