FDIC Certificate #: 10898 Status: Active Federal Reserve ID: 473341 Bank Holding Company (Regulatory Top Holder): Garnavillo Bank Corporation (RSSDID: 1209891, Location: Garnavillo, IA) Date Established: July 18, 1904 WWW:http://www.garnavillobank.com Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) OTS Docket #: 10493 FDIC's unique #: 6978 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: March 31, 2006 Last Structure Change Process Date: November 03, 2006 Last Data Update: November 03, 2006 Data Source Date: April 05, 2012
Location
Address: 101 S. Main Street, Garnavillo, IA 52049 County: Clayton Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Cedar Rapids Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: Western
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $37.9 mil Equity capital: $3.7 mil Deposits held in domestic offices: $34.0 mil Return on assets (ROA): 1.15% ($0.4 mil) Quarterly return on assets: 1.73% ($0.7 mil) Return on Equity (ROE): 12.74% ($0.5 mil) Quarterly return on equity: 17.92% ($0.7 mil) Net income: $0.4 mil Quarterly Net income: $0.2 mil Pretax return on assets: 1.21% ($458.8 mil) Quarterly Pretax return on assets: 1.82% ($690.1 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
6Total employees (full-time equivalent)
$37,915Total assets
$4,469Cash and due from depository institutions
$2,988Interest-bearing balances
$3,407Securities
$0Federal funds sold & reverse repurchase agreements
$29,231Net loans & leases
$414Loan loss allowance
$0Trading account assets
$155Bank premises and fixed assets
$180Other real estate owned
$0Goodwill and other intangibles
$37,915Life insurance assets
$473All other assets
$34,238Total liabilities and capital
$33,974Total liabilities
$28,811Total deposits
$33,974Interest-bearing deposits
$99Deposits held in domestic offices
212.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$52Subordinated debt
$3,677All other liabilities
$3,677Total equity capital
$3,677Total bank equity capital
$0Perpetual preferred stock
$150Common stock
$750Surplus
$2,777Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$695Income earned, not collected on loans
$0Earning assets
$291Long-term assets (5+ years)
$35,626Average Assets, year-to-date
$7,793Average Assets, quarterly
$38,399Volatile liabilities
$38,011Insider loans
$28,232FHLB advances
$39,011Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$3,528Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$5,217Restructured Loans and leases
$20Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$1,964Total interest income
$399Total interest expense
$1,565Net interest income
$148Provision for loan and lease losses
$144Total noninterest income
$0Fiduciary activities
$74Service charges on deposit accounts
$0Trading account gains & fees
$70Additional noninterest income
$1,097Total noninterest expense
$510Salaries and employee benefits
$46Premises and equipment expense
$541Additional noninterest expense
$464Pre-tax net operating income
$0Securities gains (losses)
$23Applicable income taxes
$441Income before extraordinary items
$0Extraordinary gains - net
$441Net income attributable to bank
$0Net charge-offs
$441Cash dividends
$304Sale, conversion, retirement of capital stock, net
$125Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.41%Yield on earning assets
1.10%Cost of funding earning assets
4.31%Net interest margin
0.40%Noninterest income to earning assets
3.02%Noninterest expense to earning assets
1.15%Net operating income to assets
1.15%Return on assets (ROA)
1.21%Pretax return on assets
12.74%Return on equity (ROE)
9.13%Retained earnings to average equity (YTD only)
0.97%Net charge-offs to loans
48.68%Credit loss provision to net charge-offs
2.01%Efficiency ratio
64,190Assets per employee
6.32%Cash dividends to net income (YTD only)
Condition Ratios (%)
28.34%Loss allowance to loans
1.40%Loss allowance to noncurrent loans
59.57%Noncurrent assets plus other real estate owned to assets
2.31%Noncurrent loans to loans
2.34%Net loans and leases to deposits
86.04%Net loans and leases to core deposits
86.04%Equity capital to assets
9.70%Core capital (leverage) ratio
9.04%Tier 1 risk-based capital ratio
12.50%Total risk-based capital ratio
Memoranda
$14Average assets
$38,399Average earning assets
$3,462Average equity
$36,301Average 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
YesFiduciary powers granted
YesFiduciary or related activity
$198Managed Assets
1Number of Accounts
$0Personal 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
$0Non-managed Assets
34Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$198Other retirement accounts
$0Corporate trust and agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
List of branches
1 Iowa Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
6978
The Garnavillo Savings Bank
101 S. Main Street, Garnavillo, IA 52049
July 18, 1904
Full Service Brick and Mortar
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