FDIC Certificate #: 9300 Status: Active Federal Reserve ID: 287342 Bank Holding Company (Regulatory Top Holder): Readlyn Bancshares, Inc. (RSSDID: 1139327, Location: Saint Paul, MN) Date Established: May 15, 1904 WWW:http://www.readlynsavingsbank.com Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) OTS Docket #: 13237 FDIC's unique #: 5955 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: 141 Main Street, Readlyn, IA 50668 County: Bremer 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 Core Based Statistical Area (CBSA): Waterloo-Cedar Falls, IA (#47940) CBSA Metro Statistical Area: Waterloo-Cedar Falls, IA (#47940)
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $58.5 mil Equity capital: $7.2 mil Deposits held in domestic offices: $41.9 mil Return on assets (ROA): 1.93% ($1.1 mil) Quarterly return on assets: 1.60% ($0.9 mil) Return on Equity (ROE): 15.46% ($1.1 mil) Quarterly return on equity: 12.52% ($0.9 mil) Net income: $1.1 mil Quarterly Net income: $0.2 mil Pretax return on assets: 2.03% ($1,187.7 mil) Quarterly Pretax return on assets: 1.74% ($1,018.0 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
10Total employees (full-time equivalent)
$58,506Total assets
$3,741Cash and due from depository institutions
$3,200Interest-bearing balances
$17,134Securities
$547Federal funds sold & reverse repurchase agreements
$35,315Net loans & leases
$370Loan loss allowance
$0Trading account assets
$375Bank premises and fixed assets
$195Other real estate owned
$0Goodwill and other intangibles
$58,506Life insurance assets
$1,199All other assets
$51,309Total liabilities and capital
$41,921Total liabilities
$35,456Total deposits
$41,921Interest-bearing deposits
$93Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$9,240Trading liabilities
$0Other borrowed funds
$148Subordinated debt
$7,197All other liabilities
$7,197Total equity capital
$7,197Total bank equity capital
$0Perpetual preferred stock
$350Common stock
$1,450Surplus
$5,397Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$614Long-term assets (5+ years)
$56,196Average Assets, year-to-date
$26,334Average Assets, quarterly
$55,389Volatile liabilities
$57,208Insider loans
$40,567FHLB advances
$57,045Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$6,842Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$5,281Restructured Loans and leases
$461Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$2,850Total interest income
$983Total interest expense
$1,867Net interest income
$30Provision for loan and lease losses
$54Total noninterest income
$1Fiduciary activities
$61Service charges on deposit accounts
$0Trading account gains & fees
-$8Additional noninterest income
$808Total noninterest expense
$543Salaries and employee benefits
$65Premises and equipment expense
$200Additional noninterest expense
$1,083Pre-tax net operating income
$42Securities gains (losses)
$56Applicable income taxes
$1,069Income before extraordinary items
$0Extraordinary gains - net
$1,069Net income attributable to bank
$0Net charge-offs
$1,069Cash dividends
$0Sale, conversion, retirement of capital stock, net
$700Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.41%Yield on earning assets
1.87%Cost of funding earning assets
3.55%Net interest margin
0.10%Noninterest income to earning assets
1.53%Noninterest expense to earning assets
1.86%Net operating income to assets
1.93%Return on assets (ROA)
2.03%Pretax return on assets
15.46%Return on equity (ROE)
5.34%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
42,061Assets per employee
5.85%Cash dividends to net income (YTD only)
Condition Ratios (%)
65.48%Loss allowance to loans
1.04%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.50%Noncurrent loans to loans
0.00%Net loans and leases to deposits
84.24%Net loans and leases to core deposits
91.83%Equity capital to assets
12.30%Core capital (leverage) ratio
11.99%Tier 1 risk-based capital ratio
16.87%Total risk-based capital ratio
Memoranda
$18Average assets
$55,389Average earning assets
$6,913Average equity
$52,662Average 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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