FDIC Certificate #: 15768 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First State Bank (#8093) Federal Reserve ID: 333043 Date Established: January 01, 1906 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Interstate: No) FDIC's unique #: 10015 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: September 03, 1940 Last Structure Change Effective Date: Febuary 29, 2008 Last Structure Change Process Date: April 02, 2008 Last Data Update: April 02, 2008 Data Source Date: April 05, 2012
Location
Address: Main Street, Thornton, IA 50479 County: Cerro Gordo 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): Mason City, IA (#32380) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $23.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2007)
Dollar figures in thousands
8Total employees (full-time equivalent)
$22,967Total assets
$1,538Cash and due from depository institutions
$0Interest-bearing balances
$7,433Securities
$4,414Federal funds sold & reverse repurchase agreements
$9,241Net loans & leases
$127Loan loss allowance
$0Trading account assets
$33Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$308All other assets
$22,967Total liabilities and capital
$20,962Total liabilities
$20,904Total deposits
$16,173Interest-bearing deposits
$20,904Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$58All other liabilities
$2,005Total equity capital
$2,005Total bank equity capital
$2,005Perpetual preferred stock
$0Common stock
$250Surplus
$1,250Undivided profits
Memoranda
$505Noncurrent loans and leases
$2,140Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$235Average Assets, year-to-date
$21,088Average Assets, quarterly
$1,227Volatile liabilities
$22,121Insider loans
$21,983FHLB advances
$1,324Loans and leases held for sale
$409Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$2,140Total unused commitments
$0Restructured Loans and leases
$127Derivatives
Income and Expense (December 31, 2007)
Dollar figures in thousands
$1,167Total interest income
$441Total interest expense
$726Net interest income
$0Provision for loan and lease losses
$96Total noninterest income
$0Fiduciary activities
$74Service charges on deposit accounts
$0Trading account gains & fees
$22Additional noninterest income
$747Total noninterest expense
$475Salaries and employee benefits
$60Premises and equipment expense
$212Additional noninterest expense
$75Pre-tax net operating income
$0Securities gains (losses)
$4Applicable income taxes
$71Income before extraordinary items
$0Extraordinary gains - net
$71Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$2Sale, conversion, retirement of capital stock, net
$126Net operating income
Performance and Condition Ratios (December 31, 2007)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.72%Yield on earning assets
2.16%Cost of funding earning assets
3.56%Net interest margin
0.47%Noninterest income to earning assets
3.66%Noninterest expense to earning assets
0.32%Net operating income to assets
0.32%Return on assets (ROA)
0.34%Pretax return on assets
3.72%Return on equity (ROE)
-2.88%Retained earnings to average equity (YTD only)
-0.02%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
90,876Assets per employee
2.87%Cash dividends to net income (YTD only)
Condition Ratios (%)
177.46%Loss allowance to loans
1.36%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
44.21%Net loans and leases to core deposits
47.20%Equity capital to assets
8.73%Core capital (leverage) ratio
8.95%Tier 1 risk-based capital ratio
17.50%Total risk-based capital ratio
Memoranda
$19Average assets
$22,121Average earning assets
$1,908Average equity
$20,396Average loans
Total Fiduciary and Related Assets (December 31, 2007)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
YesFiduciary powers granted
YesFiduciary or related activity
$253Managed Assets
1Number of Accounts
$45Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$0Other retirement accounts
$0Corporate trust and agency accounts
$0Investment management agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
$45Non-managed Assets
28Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$208Other retirement accounts
$208Corporate trust and agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
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