FDIC Certificate #: 19242 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Farmers Savings Bank (#18394) Federal Reserve ID: 722647 Date Established: January 01, 1908 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 13058 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: September 17, 1964 Last Structure Change Effective Date: Febuary 22, 1998 Last Structure Change Process Date: March 18, 1998 Last Data Update: March 18, 1998 Data Source Date: April 05, 2012
Location
Address: Main Street, Green Mountain, IA 50637 County: Marshall 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 Core Based Statistical Area (CBSA): Marshalltown, IA (#32260) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $16.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
5Total employees (full-time equivalent)
$16,768Total assets
$435Cash and due from depository institutions
$0Interest-bearing balances
$5,859Securities
$750Federal funds sold & reverse repurchase agreements
$8,525Net loans & leases
$293Loan loss allowance
$0Trading account assets
$47Bank premises and fixed assets
$88Other real estate owned
$865Goodwill and other intangibles
$0Life insurance assets
$199All other assets
$16,768Total liabilities and capital
$13,745Total liabilities
$13,570Total deposits
$12,552Interest-bearing deposits
$13,570Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$175All other liabilities
$3,023Total equity capital
$3,023Total bank equity capital
$3,023Perpetual preferred stock
$0Common stock
$50Surplus
$2,850Undivided profits
Memoranda
$123Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$463Earning assets
$148Long-term assets (5+ years)
$113Average Assets, year-to-date
$15,134Average Assets, quarterly
$831Volatile liabilities
$16,629Insider loans
$16,607FHLB advances
$1,940Loans and leases held for sale
$534Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$400Total unused commitments
$0Restructured Loans and leases
$8,499Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$1,169Total interest income
$621Total interest expense
$548Net interest income
$0Provision for loan and lease losses
$37Total noninterest income
$0Fiduciary activities
$25Service charges on deposit accounts
$0Trading account gains & fees
$12Additional noninterest income
$414Total noninterest expense
$195Salaries and employee benefits
$35Premises and equipment expense
$184Additional noninterest expense
$171Pre-tax net operating income
-$2Securities gains (losses)
$72Applicable income taxes
$97Income before extraordinary items
$0Extraordinary gains - net
$97Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$1Sale, conversion, retirement of capital stock, net
$100Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.81%Yield on earning assets
4.15%Cost of funding earning assets
3.66%Net interest margin
0.25%Noninterest income to earning assets
2.77%Noninterest expense to earning assets
0.59%Net operating income to assets
0.58%Return on assets (ROA)
1.02%Pretax return on assets
3.41%Return on equity (ROE)
-0.11%Retained earnings to average equity (YTD only)
-0.01%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
62,051Assets per employee
3.35%Cash dividends to net income (YTD only)
Condition Ratios (%)
103.09%Loss allowance to loans
3.32%Loss allowance to noncurrent loans
63.28%Noncurrent assets plus other real estate owned to assets
3.29%Noncurrent loans to loans
5.25%Net loans and leases to deposits
62.82%Net loans and leases to core deposits
73.30%Equity capital to assets
18.03%Core capital (leverage) ratio
13.49%Tier 1 risk-based capital ratio
25.08%Total risk-based capital ratio
Memoranda
$26Average assets
$16,629Average earning assets
$2,842Average equity
$14,973Average loans
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