State Bank of Fayette in Fayette, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 01, 1994

State Bank of Fayette in Fayette, Iowa (IA)
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State Bank of Fayette - Overview

General
FDIC Certificate #: 10490
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Farmers State Bank (#12855)
Federal Reserve ID: 652744
Date Established: April 01, 1901
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 6711
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: November 01, 1994
Last Structure Change Process Date: November 17, 1994
Last Data Update: November 17, 1994
Data Source Date: April 05, 2012
Location
Address: 200 Main Street, Fayette, IA 52142
County: Fayette
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
Financial Summary
Total assets: $13.3 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

Dollar figures in thousands
0Total employees (full-time equivalent)
$6Total assets
$14,348Cash and due from depository institutions
$504Interest-bearing balances
$0Securities
$1,946Federal funds sold & reverse repurchase agreements
$2,375Net loans & leases
$9,138Loan loss allowance
$123Trading account assets
$0Bank premises and fixed assets
$126Other real estate owned
$0Goodwill and other intangibles
$259Life insurance assets
$0All other assets
$0Total liabilities and capital
$14,348Total liabilities
$13,481Total deposits
$13,399Interest-bearing deposits
$11,968Deposits held in domestic offices
13399.00%% insured (estimated)
$89Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$82Total equity capital
$82Total bank equity capital
$867Perpetual preferred stock
$0Common stock
$220Surplus
$355Undivided profits
Memoranda
$292Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$54Income earned, not collected on loans
$168Earning assets
$13,459Long-term assets (5+ years)
$957Average Assets, year-to-date
$13,202Average Assets, quarterly
$13,860Volatile liabilities
$525Insider loans
$0FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$540Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$867Total risk weighted assets
$8,960Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1993)

Dollar figures in thousands
$0Total interest income
$1,017Total interest expense
$454Net interest income
$563Provision for loan and lease losses
$102Total noninterest income
$98Fiduciary activities
$0Service charges on deposit accounts
$71Trading account gains & fees
$0Additional noninterest income
$27Total noninterest expense
$521Salaries and employee benefits
$233Premises and equipment expense
$51Additional noninterest expense
$237Pre-tax net operating income
$38Securities gains (losses)
$11Applicable income taxes
$12Income before extraordinary items
$37Extraordinary gains - net
$0Net income attributable to bank
$37Net charge-offs
$107Cash dividends
$44Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1993)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.43%Cost of funding earning assets
3.76%Net interest margin
4.67%Noninterest income to earning assets
0.81%Noninterest expense to earning assets
4.32%Net operating income to assets
0.22%Return on assets (ROA)
0.28%Pretax return on assets
0.37%Return on equity (ROE)
4.27%Retained earnings to average equity (YTD only)
-0.81%Net charge-offs to loans
1.20%Credit loss provision to net charge-offs
95.33%Efficiency ratio
78,820Assets per employee
2.39%Cash dividends to net income (YTD only)
Condition Ratios (%)
118.92%Loss allowance to loans
1.33%Loss allowance to noncurrent loans
227.78%Noncurrent assets plus other real estate owned to assets
0.38%Noncurrent loans to loans
0.58%Net loans and leases to deposits
68.20%Net loans and leases to core deposits
70.98%Equity capital to assets
6.04%Core capital (leverage) ratio
6.44%Tier 1 risk-based capital ratio
9.68%Total risk-based capital ratio
Memoranda
$11Average assets
$13,202Average earning assets
$867Average equity
$12,064Average loans

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