FDIC Certificate #: 27624 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Commercial Federal Bank, a Federal Savings Bank (#30341) Federal Reserve ID: 187778 Date Established: January 01, 1875 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 13 FDIC's unique #: 40458 Numeric code: 37 Regulator: OTS Insurance Fund Membership: Savings Association Insurance Fund (SAIF) FDIC Insured: Yes SAIF Insured: Yes Insured Savings Institution: Yes State Chartered: No Date of Deposit Insurance: July 26, 1956 Last Structure Change Effective Date: May 30, 1998 Last Structure Change Process Date: June 11, 1998 Last Data Update: June 11, 1998 Data Source Date: April 05, 2012
Location
Address: 700 1st Avenue, N.E., Cedar Rapids, IA 52401 County: Linn 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 Metropolitan Statistical Area (MSA): Cedar Rapids, IA (#1360) Core Based Statistical Area (CBSA): Cedar Rapids, IA (#16300) CBSA Metro Statistical Area: Cedar Rapids, IA (#16300)
Financial Summary
Total assets: $401.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
100Total employees (full-time equivalent)
$390,814Total assets
$13,260Cash and due from depository institutions
$6,301Interest-bearing balances
$23,455Securities
$0Federal funds sold & reverse repurchase agreements
$338,039Net loans & leases
$2,577Loan loss allowance
$0Trading account assets
$7,035Bank premises and fixed assets
$0Other real estate owned
$148Goodwill and other intangibles
$0Life insurance assets
$8,877All other assets
$390,814Total liabilities and capital
$358,804Total liabilities
$315,509Total deposits
$306,041Interest-bearing deposits
$315,509Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$39,335Other borrowed funds
$0Subordinated debt
$3,960All other liabilities
$32,010Total equity capital
$32,010Total bank equity capital
$32,010Perpetual preferred stock
$0Common stock
$21Surplus
$13,779Undivided profits
Memoranda
$18,210Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,453Earning assets
$0Long-term assets (5+ years)
$2,219Average Assets, year-to-date
$367,795Average Assets, quarterly
$0Volatile liabilities
$393,816Insider loans
$395,638FHLB advances
$64,093Loans and leases held for sale
$931Unused loan commitments
$38,500Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$56,454Total unused commitments
$0Restructured Loans and leases
$282,961Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$30,014Total interest income
$19,229Total interest expense
$10,785Net interest income
$1,133Provision for loan and lease losses
$1,931Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$1,931Additional noninterest income
$8,179Total noninterest expense
$3,854Salaries and employee benefits
$2,218Premises and equipment expense
$2,107Additional noninterest expense
$3,404Pre-tax net operating income
$251Securities gains (losses)
$1,433Applicable income taxes
$2,222Income before extraordinary items
$0Extraordinary gains - net
$2,222Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$419Sale, conversion, retirement of capital stock, net
$863Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.09%Yield on earning assets
5.18%Cost of funding earning assets
2.91%Net interest margin
0.52%Noninterest income to earning assets
2.20%Noninterest expense to earning assets
0.52%Net operating income to assets
0.56%Return on assets (ROA)
0.93%Pretax return on assets
7.09%Return on equity (ROE)
4.34%Retained earnings to average equity (YTD only)
0.13%Net charge-offs to loans
270.41%Credit loss provision to net charge-offs
10.83%Efficiency ratio
64,321Assets per employee
3.91%Cash dividends to net income (YTD only)
Condition Ratios (%)
38.84%Loss allowance to loans
0.76%Loss allowance to noncurrent loans
177.36%Noncurrent assets plus other real estate owned to assets
0.37%Noncurrent loans to loans
0.43%Net loans and leases to deposits
107.14%Net loans and leases to core deposits
116.26%Equity capital to assets
8.19%Core capital (leverage) ratio
8.19%Tier 1 risk-based capital ratio
11.32%Total risk-based capital ratio
Memoranda
$12Average assets
$393,816Average earning assets
$31,333Average equity
$371,154Average loans
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