FDIC Certificate #: 222 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Raccoon Valley Bank (#245) Federal Reserve ID: 697848 Date Established: October 05, 1914 WWW:http://www.rvsbank.com Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Interstate: No) FDIC's unique #: 176 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: January 01, 1934 Last Structure Change Effective Date: October 27, 2003 Last Structure Change Process Date: November 21, 2003 Last Data Update: November 21, 2003 Data Source Date: April 05, 2012
Location
Address: 1009 Court Street, Adel, IA 50003 County: Dallas 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 Metropolitan Statistical Area (MSA): Des Moines, IA (#2120) Combined Statistical Area (CSA): Des Moines-Newton-Pella, IA (#218) Core Based Statistical Area (CBSA): Des Moines-West Des Moines, IA (#19780) CBSA Metro Statistical Area: Des Moines-West Des Moines, IA (#19780)
Financial Summary
Total assets: $68.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2002)
Dollar figures in thousands
27Total employees (full-time equivalent)
$71,919Total assets
$2,738Cash and due from depository institutions
$990Interest-bearing balances
$10,140Securities
$3,017Federal funds sold & reverse repurchase agreements
$52,583Net loans & leases
$795Loan loss allowance
$0Trading account assets
$2,209Bank premises and fixed assets
$80Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,152All other assets
$71,919Total liabilities and capital
$66,871Total liabilities
$62,045Total deposits
$53,117Interest-bearing deposits
$62,045Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$4,411Other borrowed funds
$0Subordinated debt
$415All other liabilities
$5,048Total equity capital
$5,048Total bank equity capital
$5,048Perpetual preferred stock
$0Common stock
$244Surplus
$1,616Undivided profits
Memoranda
$3,188Noncurrent loans and leases
$5,020Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$827Earning assets
$151Long-term assets (5+ years)
$789Average Assets, year-to-date
$66,730Average Assets, quarterly
$6,037Volatile liabilities
$69,085Insider loans
$70,977FHLB advances
$7,592Loans and leases held for sale
$818Unused loan commitments
$4,411Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$85Total risk weighted assets
$5,020Total unused commitments
$776Restructured Loans and leases
$659Derivatives
Income and Expense (December 31, 2002)
Dollar figures in thousands
$4,562Total interest income
$1,928Total interest expense
$2,634Net interest income
$257Provision for loan and lease losses
$499Total noninterest income
$21Fiduciary activities
$268Service charges on deposit accounts
$0Trading account gains & fees
$210Additional noninterest income
$2,260Total noninterest expense
$1,102Salaries and employee benefits
$440Premises and equipment expense
$718Additional noninterest expense
$616Pre-tax net operating income
$0Securities gains (losses)
$31Applicable income taxes
$585Income before extraordinary items
$0Extraordinary gains - net
$585Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$136Sale, conversion, retirement of capital stock, net
$306Net operating income
Performance and Condition Ratios (December 31, 2002)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.13%Yield on earning assets
3.01%Cost of funding earning assets
4.12%Net interest margin
0.78%Noninterest income to earning assets
3.53%Noninterest expense to earning assets
0.85%Net operating income to assets
0.85%Return on assets (ROA)
0.89%Pretax return on assets
12.05%Return on equity (ROE)
5.75%Retained earnings to average equity (YTD only)
0.27%Net charge-offs to loans
188.97%Credit loss provision to net charge-offs
6.42%Efficiency ratio
72,135Assets per employee
2.66%Cash dividends to net income (YTD only)
Condition Ratios (%)
52.31%Loss allowance to loans
1.49%Loss allowance to noncurrent loans
96.13%Noncurrent assets plus other real estate owned to assets
1.26%Noncurrent loans to loans
1.55%Net loans and leases to deposits
84.75%Net loans and leases to core deposits
95.74%Equity capital to assets
7.02%Core capital (leverage) ratio
6.80%Tier 1 risk-based capital ratio
9.25%Total risk-based capital ratio
Memoranda
$11Average assets
$69,085Average earning assets
$4,856Average equity
$63,988Average loans
Total Fiduciary and Related Assets (December 31, 2002)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
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