FDIC Certificate #: 4421 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:The Security National Bank of Sioux City, Iowa (#4506) Federal Reserve ID: 733045 Date Established: June 01, 1904 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 1 (Interstate: No) OTS Docket #: 12469 FDIC's unique #: 2920 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: April 26, 2010 Last Structure Change Process Date: May 14, 2010 Last Data Update: May 14, 2010 Data Source Date: April 05, 2012
Location
Address: 251 Reed Street, Akron, IA 51001 County: Plymouth 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
Financial Summary
Total assets: $42.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2009)
Dollar figures in thousands
9Total employees (full-time equivalent)
$43,285Total assets
$4,936Cash and due from depository institutions
$4,638Interest-bearing balances
$8,847Securities
$759Federal funds sold & reverse repurchase agreements
$26,969Net loans & leases
$775Loan loss allowance
$0Trading account assets
$237Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$443Life insurance assets
$1,537All other assets
$43,285Total liabilities and capital
$38,814Total liabilities
$36,159Total deposits
$31,055Interest-bearing deposits
$36,159Deposits held in domestic offices
98.05%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$2,200Other borrowed funds
$0Subordinated debt
$455All other liabilities
$4,471Total equity capital
$4,471Total bank equity capital
$4,471Perpetual preferred stock
$0Common stock
$500Surplus
$1,000Undivided profits
Memoranda
$2,971Noncurrent loans and leases
$5,355Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$164Earning assets
$0Long-term assets (5+ years)
$427Average Assets, year-to-date
$41,213Average Assets, quarterly
$9,488Volatile liabilities
$43,218Insider loans
$42,934FHLB advances
$7,450Loans and leases held for sale
$965Unused loan commitments
$2,200Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$117Total risk weighted assets
$5,355Total unused commitments
$0Restructured Loans and leases
$336Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$2,139Total interest income
$853Total interest expense
$1,286Net interest income
$0Provision for loan and lease losses
$579Total noninterest income
$0Fiduciary activities
$144Service charges on deposit accounts
$0Trading account gains & fees
$435Additional noninterest income
$1,095Total noninterest expense
$523Salaries and employee benefits
$82Premises and equipment expense
$490Additional noninterest expense
$770Pre-tax net operating income
$0Securities gains (losses)
$229Applicable income taxes
$541Income before extraordinary items
$0Extraordinary gains - net
$541Net income attributable to bank
$0Net charge-offs
$541Cash dividends
-$4Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.19%Yield on earning assets
2.07%Cost of funding earning assets
3.12%Net interest margin
1.40%Noninterest income to earning assets
2.65%Noninterest expense to earning assets
1.25%Net operating income to assets
1.25%Return on assets (ROA)
1.78%Pretax return on assets
12.84%Return on equity (ROE)
12.84%Retained earnings to average equity (YTD only)
-0.01%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
58,713Assets per employee
4.81%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.79%Loss allowance to noncurrent loans
472.56%Noncurrent assets plus other real estate owned to assets
0.38%Noncurrent loans to loans
0.59%Net loans and leases to deposits
74.58%Net loans and leases to core deposits
88.69%Equity capital to assets
10.33%Core capital (leverage) ratio
10.14%Tier 1 risk-based capital ratio
16.40%Total risk-based capital ratio
Memoranda
$18Average assets
$43,218Average earning assets
$4,212Average equity
$41,251Average loans
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