FDIC Certificate #: 8516 Status: Active Federal Reserve ID: 191449 Bank Holding Company (Regulatory Top Holder): Swisher Bankshares, Inc. (RSSDID: 1978683, Location: Swisher, IA) Date Established: January 01, 1913 WWW:http://www.swisherbank.com Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 5426 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: No Asset Concentration Hierarchy: Other Specialized Lending < 1 Billion 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: 59 Rose Avenue, Swisher, IA 52338 County: Johnson 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 Metropolitan Statistical Area (MSA): Iowa City, IA (#3500) Core Based Statistical Area (CBSA): Iowa City, IA (#26980) CBSA Metro Statistical Area: Iowa City, IA (#26980)
History of Changes
Change in Location
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $43.4 mil Equity capital: $5.1 mil Deposits held in domestic offices: $37.9 mil Return on assets (ROA): 0.44% ($0.2 mil) Quarterly return on assets: 0.31% ($0.1 mil) Return on Equity (ROE): 3.77% ($0.2 mil) Quarterly return on equity: 2.61% ($0.1 mil) Net income: $0.2 mil Quarterly Net income: $0.0 mil Pretax return on assets: 0.54% ($234.1 mil) Quarterly Pretax return on assets: 0.33% ($143.1 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
8Total employees (full-time equivalent)
$43,358Total assets
$4,527Cash and due from depository institutions
$1,650Interest-bearing balances
$22,403Securities
$242Federal funds sold & reverse repurchase agreements
$15,532Net loans & leases
$146Loan loss allowance
$0Trading account assets
$330Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$43,358Life insurance assets
$324All other assets
$38,219Total liabilities and capital
$37,942Total liabilities
$30,181Total deposits
$37,942Interest-bearing deposits
$97Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$277Subordinated debt
$5,139All other liabilities
$5,139Total equity capital
$5,139Total bank equity capital
$0Perpetual preferred stock
$180Common stock
$820Surplus
$4,139Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$4Income earned, not collected on loans
$0Earning assets
$219Long-term assets (5+ years)
$39,827Average Assets, year-to-date
$21,431Average Assets, quarterly
$42,955Volatile liabilities
$43,403Insider loans
$26,336FHLB advances
$42,779Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$4,828Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$345Restructured Loans and leases
$433Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$1,583Total interest income
$297Total interest expense
$1,286Net interest income
$52Provision for loan and lease losses
$102Total noninterest income
$1Fiduciary activities
$81Service charges on deposit accounts
$0Trading account gains & fees
$20Additional noninterest income
$1,102Total noninterest expense
$671Salaries and employee benefits
$110Premises and equipment expense
$321Additional noninterest expense
$234Pre-tax net operating income
$0Securities gains (losses)
$45Applicable income taxes
$189Income before extraordinary items
$0Extraordinary gains - net
$189Net income attributable to bank
$0Net charge-offs
$189Cash dividends
$29Sale, conversion, retirement of capital stock, net
$153Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
3.93%Yield on earning assets
0.74%Cost of funding earning assets
3.19%Net interest margin
0.25%Noninterest income to earning assets
2.73%Noninterest expense to earning assets
0.44%Net operating income to assets
0.44%Return on assets (ROA)
0.54%Pretax return on assets
3.77%Return on equity (ROE)
0.72%Retained earnings to average equity (YTD only)
0.18%Net charge-offs to loans
179.31%Credit loss provision to net charge-offs
9.86%Efficiency ratio
79,395Assets per employee
5.42%Cash dividends to net income (YTD only)
Condition Ratios (%)
80.95%Loss allowance to loans
0.93%Loss allowance to noncurrent loans
3650.00%Noncurrent assets plus other real estate owned to assets
0.01%Noncurrent loans to loans
0.03%Net loans and leases to deposits
40.94%Net loans and leases to core deposits
40.94%Equity capital to assets
11.85%Core capital (leverage) ratio
11.29%Tier 1 risk-based capital ratio
18.33%Total risk-based capital ratio
Memoranda
$19Average assets
$42,955Average earning assets
$5,013Average equity
$40,316Average 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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