The First State Bank of Gowrie in Gowrie, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 01, 1997

The First State Bank of Gowrie in Gowrie, Iowa (IA)
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The First State Bank of Gowrie - Overview

General
FDIC Certificate #: 13923
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Heartland Bank (#14809)
Federal Reserve ID: 445544
Date Established: October 30, 1883
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 8708
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: Febuary 14, 1934
Last Structure Change Effective Date: January 01, 1997
Last Structure Change Process Date: January 21, 1997
Last Data Update: January 21, 1997
Data Source Date: April 05, 2012
Location
Address: 1113 Market, Gowrie, IA 50543
County: Webster
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): Fort Dodge, IA (#22700)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $15.1 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

Dollar figures in thousands
0Total employees (full-time equivalent)
$8Total assets
$15,142Cash and due from depository institutions
$821Interest-bearing balances
$0Securities
$6,200Federal funds sold & reverse repurchase agreements
$2,300Net loans & leases
$5,627Loan loss allowance
$123Trading account assets
$0Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$194Life insurance assets
$0All other assets
$0Total liabilities and capital
$15,142Total liabilities
$13,461Total deposits
$13,412Interest-bearing deposits
$11,743Deposits held in domestic offices
13412.00%% insured (estimated)
$94Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$49Total equity capital
$49Total bank equity capital
$1,681Perpetual preferred stock
$0Common stock
$500Surplus
$500Undivided profits
Memoranda
$681Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$177Income earned, not collected on loans
$97Earning assets
$14,127Long-term assets (5+ years)
$1,743Average Assets, year-to-date
$15,053Average Assets, quarterly
$15,065Volatile liabilities
$318Insider loans
$341FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$1,076Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$1,681Total risk weighted assets
$5,857Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$1,001Total interest expense
$538Net interest income
$463Provision for loan and lease losses
$6Total noninterest income
$47Fiduciary activities
$0Service charges on deposit accounts
$17Trading account gains & fees
$0Additional noninterest income
$30Total noninterest expense
$392Salaries and employee benefits
$264Premises and equipment expense
$93Additional noninterest expense
$35Pre-tax net operating income
$112Securities gains (losses)
$0Applicable income taxes
$24Income before extraordinary items
$88Extraordinary gains - net
$0Net income attributable to bank
$88Net charge-offs
$4Cash dividends
$40Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1996)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.12%Cost of funding earning assets
3.83%Net interest margin
3.30%Noninterest income to earning assets
0.33%Noninterest expense to earning assets
2.79%Net operating income to assets
0.58%Return on assets (ROA)
0.58%Pretax return on assets
0.74%Return on equity (ROE)
5.29%Retained earnings to average equity (YTD only)
2.88%Net charge-offs to loans
0.07%Credit loss provision to net charge-offs
150.00%Efficiency ratio
76,863Assets per employee
1.89%Cash dividends to net income (YTD only)
Condition Ratios (%)
45.45%Loss allowance to loans
2.14%Loss allowance to noncurrent loans
69.49%Noncurrent assets plus other real estate owned to assets
1.17%Noncurrent loans to loans
3.08%Net loans and leases to deposits
41.95%Net loans and leases to core deposits
42.97%Equity capital to assets
11.10%Core capital (leverage) ratio
10.99%Tier 1 risk-based capital ratio
28.70%Total risk-based capital ratio
Memoranda
$30Average assets
$15,053Average earning assets
$1,664Average equity
$14,050Average loans

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