FDIC Certificate #: 17497 Status: Inactive Closing history: Absorption - Without Assistance Acquiring institution:Citizens State Bank (#9047) Federal Reserve ID: 384540 Date Established: October 03, 1955 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) OTS Docket #: 9890 FDIC's unique #: 11478 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: October 03, 1955 Last Structure Change Effective Date: September 04, 2001 Last Structure Change Process Date: September 19, 2001 Last Data Update: September 19, 2001 Data Source Date: April 05, 2012
Location
Address: 1218 West Main Street, Manchester, IA 52057 County: Delaware 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
Financial Summary
Total assets: $42.7 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2000)
Dollar figures in thousands
16Total employees (full-time equivalent)
$43,008Total assets
$3,110Cash and due from depository institutions
$2,486Interest-bearing balances
$3,578Securities
$0Federal funds sold & reverse repurchase agreements
$33,496Net loans & leases
$578Loan loss allowance
$0Trading account assets
$1,211Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,613All other assets
$43,008Total liabilities and capital
$40,473Total liabilities
$33,977Total deposits
$29,451Interest-bearing deposits
$33,977Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$6,300Other borrowed funds
$0Subordinated debt
$196All other liabilities
$2,535Total equity capital
$2,535Total bank equity capital
$2,535Perpetual preferred stock
$0Common stock
$100Surplus
$2,150Undivided profits
Memoranda
$285Noncurrent loans and leases
$4,341Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$694Earning assets
$0Long-term assets (5+ years)
$485Average Assets, year-to-date
$39,560Average Assets, quarterly
$6,498Volatile liabilities
$42,416Insider loans
$42,656FHLB advances
$2,297Loans and leases held for sale
$475Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$4,341Total unused commitments
$0Restructured Loans and leases
$411Derivatives
Income and Expense (December 31, 2000)
Dollar figures in thousands
$3,243Total interest income
$1,723Total interest expense
$1,520Net interest income
$1,845Provision for loan and lease losses
$301Total noninterest income
$0Fiduciary activities
$240Service charges on deposit accounts
$0Trading account gains & fees
$61Additional noninterest income
$1,417Total noninterest expense
$777Salaries and employee benefits
$188Premises and equipment expense
$452Additional noninterest expense
-$1,441Pre-tax net operating income
$0Securities gains (losses)
-$593Applicable income taxes
-$848Income before extraordinary items
$0Extraordinary gains - net
-$848Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$1,807Sale, conversion, retirement of capital stock, net
$120Net operating income
Performance and Condition Ratios (December 31, 2000)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.24%Yield on earning assets
4.38%Cost of funding earning assets
3.86%Net interest margin
0.76%Noninterest income to earning assets
3.60%Noninterest expense to earning assets
-2.00%Net operating income to assets
-2.00%Return on assets (ROA)
-3.40%Pretax return on assets
-30.12%Return on equity (ROE)
-34.38%Retained earnings to average equity (YTD only)
5.18%Net charge-offs to loans
102.10%Credit loss provision to net charge-offs
0.22%Efficiency ratio
77,814Assets per employee
2.69%Cash dividends to net income (YTD only)
Condition Ratios (%)
-14.15%Loss allowance to loans
1.70%Loss allowance to noncurrent loans
83.29%Noncurrent assets plus other real estate owned to assets
1.61%Noncurrent loans to loans
2.04%Net loans and leases to deposits
98.58%Net loans and leases to core deposits
105.73%Equity capital to assets
5.89%Core capital (leverage) ratio
5.81%Tier 1 risk-based capital ratio
7.73%Total risk-based capital ratio
Memoranda
$9Average assets
$42,416Average earning assets
$2,815Average equity
$39,367Average loans
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