FDIC Certificate #: 8503 Status: Active Federal Reserve ID: 944748 Bank Holding Company (Regulatory Top Holder): West Iowa Banc Corp. (RSSDID: 1249187, Location: Marcus, IA) Date Established: December 28, 1928 WWW:http://www.fsbmarcus.com Trust Powers Granted: Yes Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 5415 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: June 03, 2010 Last Structure Change Process Date: June 03, 2010 Last Data Update: June 03, 2010 Data Source Date: April 05, 2012
Location
Address: 106 E. Cedar St, Marcus, IA 51035 County: Cherokee 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
History of Changes
Change in Location
Financial Summary
Total assets: $68.2 mil Equity capital: $8.8 mil Deposits held in domestic offices: $58.2 mil Return on assets (ROA): 1.35% ($0.9 mil) Quarterly return on assets: 1.28% ($0.9 mil) Return on Equity (ROE): 10.70% ($1.0 mil) Quarterly return on equity: 9.87% ($0.9 mil) Net income: $0.9 mil Quarterly Net income: $0.2 mil Pretax return on assets: 1.37% ($933.9 mil) Quarterly Pretax return on assets: 1.29% ($879.4 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
13Total employees (full-time equivalent)
$68,167Total assets
$7,273Cash and due from depository institutions
$4,570Interest-bearing balances
$24,500Securities
$0Federal funds sold & reverse repurchase agreements
$35,329Net loans & leases
$559Loan loss allowance
$0Trading account assets
$289Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$68,167Life insurance assets
$776All other assets
$59,398Total liabilities and capital
$58,215Total liabilities
$49,078Total deposits
$58,215Interest-bearing deposits
$88Deposits held in domestic offices
1000.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$183Subordinated debt
$8,769All other liabilities
$8,769Total equity capital
$8,769Total bank equity capital
$0Perpetual preferred stock
$200Common stock
$800Surplus
$7,769Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$176Income earned, not collected on loans
$0Earning assets
$665Long-term assets (5+ years)
$64,399Average Assets, year-to-date
$7,157Average Assets, quarterly
$66,000Volatile liabilities
$66,867Insider loans
$40,768FHLB advances
$70,043Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$8,162Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$9,813Restructured Loans and leases
$4,293Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$2,702Total interest income
$760Total interest expense
$1,942Net interest income
$100Provision for loan and lease losses
$287Total noninterest income
$9Fiduciary activities
$84Service charges on deposit accounts
$0Trading account gains & fees
$194Additional noninterest income
$1,224Total noninterest expense
$762Salaries and employee benefits
$111Premises and equipment expense
$351Additional noninterest expense
$905Pre-tax net operating income
$0Securities gains (losses)
$15Applicable income taxes
$890Income before extraordinary items
$0Extraordinary gains - net
$890Net income attributable to bank
$0Net charge-offs
$890Cash dividends
$2Sale, conversion, retirement of capital stock, net
$550Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.36%Yield on earning assets
1.23%Cost of funding earning assets
3.14%Net interest margin
0.46%Noninterest income to earning assets
1.98%Noninterest expense to earning assets
1.35%Net operating income to assets
1.35%Return on assets (ROA)
1.37%Pretax return on assets
10.70%Return on equity (ROE)
4.09%Retained earnings to average equity (YTD only)
0.01%Net charge-offs to loans
5000.00%Credit loss provision to net charge-offs
502.50%Efficiency ratio
54,913Assets per employee
5.24%Cash dividends to net income (YTD only)
Condition Ratios (%)
61.80%Loss allowance to loans
1.56%Loss allowance to noncurrent loans
317.61%Noncurrent assets plus other real estate owned to assets
0.26%Noncurrent loans to loans
0.49%Net loans and leases to deposits
60.69%Net loans and leases to core deposits
62.48%Equity capital to assets
12.86%Core capital (leverage) ratio
11.65%Tier 1 risk-based capital ratio
20.02%Total risk-based capital ratio
Memoranda
$21Average assets
$66,000Average earning assets
$8,321Average equity
$61,904Average 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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