Taintor Savings Bank in New Sharon, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 26, 1995

Taintor Savings Bank in New Sharon, Iowa (IA)
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Taintor Savings Bank - Overview

General
FDIC Certificate #: 10499
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Mercantile Bank of Pella (#4489)
Federal Reserve ID: 237440
Date Established: January 01, 1909
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 6719
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: January 26, 1995
Last Structure Change Process Date: Febuary 22, 1995
Last Data Update: Febuary 22, 1995
Data Source Date: April 05, 2012
Location
Address: 102 South Main Street, New Sharon, IA 50207
County: Mahaska
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
Core Based Statistical Area (CBSA): Oskaloosa, IA (#36820)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $20.7 mil

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

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

Dollar figures in thousands
0Total employees (full-time equivalent)
$6Total assets
$20,654Cash and due from depository institutions
$824Interest-bearing balances
$0Securities
$11,907Federal funds sold & reverse repurchase agreements
$500Net loans & leases
$6,671Loan loss allowance
$267Trading account assets
$0Bank premises and fixed assets
$15Other real estate owned
$0Goodwill and other intangibles
$737Life insurance assets
$0All other assets
$0Total liabilities and capital
$20,654Total liabilities
$18,474Total deposits
$18,421Interest-bearing deposits
$16,616Deposits held in domestic offices
18421.00%% insured (estimated)
$99Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$53Total equity capital
$53Total bank equity capital
$2,180Perpetual preferred stock
$0Common stock
$450Surplus
$450Undivided profits
Memoranda
$1,280Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$104Income earned, not collected on loans
$380Earning assets
$19,078Long-term assets (5+ years)
$452Average Assets, year-to-date
$21,177Average Assets, quarterly
$20,508Volatile liabilities
$600Insider loans
$343FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$937Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$2,402Total risk weighted assets
$7,236Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$1,273Total interest expense
$591Net interest income
$682Provision for loan and lease losses
$0Total noninterest income
$160Fiduciary activities
$0Service charges on deposit accounts
$74Trading account gains & fees
$0Additional noninterest income
$86Total noninterest expense
$576Salaries and employee benefits
$269Premises and equipment expense
$66Additional noninterest expense
$241Pre-tax net operating income
$266Securities gains (losses)
$0Applicable income taxes
$86Income before extraordinary items
$180Extraordinary gains - net
$0Net income attributable to bank
$180Net charge-offs
$0Cash dividends
$135Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1994)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
6.46%Cost of funding earning assets
3.00%Net interest margin
3.46%Noninterest income to earning assets
0.81%Noninterest expense to earning assets
2.92%Net operating income to assets
0.85%Return on assets (ROA)
0.85%Pretax return on assets
1.26%Return on equity (ROE)
8.09%Retained earnings to average equity (YTD only)
2.02%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
68,409Assets per employee
3.44%Cash dividends to net income (YTD only)
Condition Ratios (%)
75.00%Loss allowance to loans
3.85%Loss allowance to noncurrent loans
256.73%Noncurrent assets plus other real estate owned to assets
0.50%Noncurrent loans to loans
1.50%Net loans and leases to deposits
36.21%Net loans and leases to core deposits
37.43%Equity capital to assets
10.55%Core capital (leverage) ratio
11.55%Tier 1 risk-based capital ratio
33.19%Total risk-based capital ratio
Memoranda
$34Average assets
$21,177Average earning assets
$2,225Average equity
$19,718Average loans

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