FDIC Certificate #: 10901 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Security State Bank (#10893) Federal Reserve ID: 71242 Date Established: Febuary 08, 1880 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 1 (Interstate: No) FDIC's unique #: 6981 Numeric code: 13 Regulator: FED 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: January 01, 1934 Last Structure Change Effective Date: July 01, 1999 Last Structure Change Process Date: August 11, 1999 Last Data Update: August 11, 1999 Data Source Date: April 05, 2012
Location
Address: Main Street, Ossian, IA 52161 County: Winneshiek Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Minneapolis Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: Western
Financial Summary
Total assets: $21.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1998)
Dollar figures in thousands
9Total employees (full-time equivalent)
$22,989Total assets
$507Cash and due from depository institutions
$0Interest-bearing balances
$14,144Securities
$1,515Federal funds sold & reverse repurchase agreements
$4,858Net loans & leases
$93Loan loss allowance
$0Trading account assets
$565Bank premises and fixed assets
$0Other real estate owned
$1,189Goodwill and other intangibles
$0Life insurance assets
$211All other assets
$22,989Total liabilities and capital
$20,013Total liabilities
$19,527Total deposits
$17,067Interest-bearing deposits
$19,527Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$486All other liabilities
$2,976Total equity capital
$2,976Total bank equity capital
$2,976Perpetual preferred stock
$0Common stock
$70Surplus
$2,598Undivided profits
Memoranda
$308Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1Earning assets
$0Long-term assets (5+ years)
$65Average Assets, year-to-date
$20,517Average Assets, quarterly
$10,308Volatile liabilities
$22,496Insider loans
$21,808FHLB advances
$100Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$0Restructured Loans and leases
$9,963Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$707Total interest income
$425Total interest expense
$282Net interest income
-$2Provision for loan and lease losses
$42Total noninterest income
$0Fiduciary activities
$35Service charges on deposit accounts
$0Trading account gains & fees
$7Additional noninterest income
$301Total noninterest expense
$155Salaries and employee benefits
$37Premises and equipment expense
$109Additional noninterest expense
$25Pre-tax net operating income
$20Securities gains (losses)
$0Applicable income taxes
$45Income before extraordinary items
$0Extraordinary gains - net
$45Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$6Sale, conversion, retirement of capital stock, net
$3,400Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
3.41%Yield on earning assets
2.05%Cost of funding earning assets
1.36%Net interest margin
0.20%Noninterest income to earning assets
1.45%Noninterest expense to earning assets
0.11%Net operating income to assets
0.20%Return on assets (ROA)
0.20%Pretax return on assets
1.36%Return on equity (ROE)
-101.35%Retained earnings to average equity (YTD only)
0.11%Net charge-offs to loans
-33.33%Credit loss provision to net charge-offs
3.83%Efficiency ratio
80,247Assets per employee
2.55%Cash dividends to net income (YTD only)
Condition Ratios (%)
7555.56%Loss allowance to loans
1.88%Loss allowance to noncurrent loans
9300.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.02%Net loans and leases to deposits
24.88%Net loans and leases to core deposits
25.01%Equity capital to assets
12.95%Core capital (leverage) ratio
7.08%Tier 1 risk-based capital ratio
15.30%Total risk-based capital ratio
Memoranda
$16Average assets
$22,496Average earning assets
$3,310Average equity
$20,717Average loans
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