FDIC Certificate #: 15368 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Central Bank (#15555) Federal Reserve ID: 810142 Date Established: January 01, 1935 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 1 (Interstate: No) FDIC's unique #: 9695 Numeric code: 13 Regulator: FED 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: March 24, 1936 Last Structure Change Effective Date: October 28, 2002 Last Structure Change Process Date: January 31, 2003 Last Data Update: January 31, 2003 Data Source Date: April 05, 2012
Location
Address: 1306 18th Street, Spirit Lake, IA 51360 County: Dickinson Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Sioux City Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: Western Core Based Statistical Area (CBSA): Spirit Lake, IA (#44020) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $38.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2001)
Dollar figures in thousands
15Total employees (full-time equivalent)
$48,606Total assets
$1,689Cash and due from depository institutions
$0Interest-bearing balances
$3,904Securities
$3,550Federal funds sold & reverse repurchase agreements
$37,375Net loans & leases
$372Loan loss allowance
$0Trading account assets
$984Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,104All other assets
$48,606Total liabilities and capital
$45,420Total liabilities
$44,521Total deposits
$39,767Interest-bearing deposits
$44,521Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$640Other borrowed funds
$0Subordinated debt
$259All other liabilities
$3,186Total equity capital
$3,186Total bank equity capital
$3,186Perpetual preferred stock
$0Common stock
$171Surplus
$1,008Undivided profits
Memoranda
$2,007Noncurrent loans and leases
$7,553Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$364Earning assets
$0Long-term assets (5+ years)
$523Average Assets, year-to-date
$44,829Average Assets, quarterly
$4,786Volatile liabilities
$44,580Insider loans
$46,337FHLB advances
$4,075Loans and leases held for sale
$730Unused loan commitments
$640Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$760Total risk weighted assets
$7,553Total unused commitments
$0Restructured Loans and leases
$372Derivatives
Income and Expense (December 31, 2001)
Dollar figures in thousands
$3,206Total interest income
$1,697Total interest expense
$1,509Net interest income
$0Provision for loan and lease losses
$300Total noninterest income
$2Fiduciary activities
$164Service charges on deposit accounts
$0Trading account gains & fees
$134Additional noninterest income
$1,246Total noninterest expense
$728Salaries and employee benefits
$144Premises and equipment expense
$374Additional noninterest expense
$563Pre-tax net operating income
$13Securities gains (losses)
$207Applicable income taxes
$369Income before extraordinary items
$0Extraordinary gains - net
$369Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$10Sale, conversion, retirement of capital stock, net
$130Net operating income
Performance and Condition Ratios (December 31, 2001)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.83%Yield on earning assets
4.14%Cost of funding earning assets
3.68%Net interest margin
0.73%Noninterest income to earning assets
3.04%Noninterest expense to earning assets
0.81%Net operating income to assets
0.83%Return on assets (ROA)
1.29%Pretax return on assets
12.20%Return on equity (ROE)
7.91%Retained earnings to average equity (YTD only)
0.03%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
56.30%Efficiency ratio
68,878Assets per employee
3.24%Cash dividends to net income (YTD only)
Condition Ratios (%)
35.23%Loss allowance to loans
0.99%Loss allowance to noncurrent loans
102.20%Noncurrent assets plus other real estate owned to assets
0.75%Noncurrent loans to loans
0.96%Net loans and leases to deposits
83.95%Net loans and leases to core deposits
92.41%Equity capital to assets
6.55%Core capital (leverage) ratio
6.68%Tier 1 risk-based capital ratio
9.31%Total risk-based capital ratio
Memoranda
$10Average assets
$44,580Average earning assets
$3,023Average equity
$40,956Average loans
Total Fiduciary and Related Assets (December 31, 2001)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
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