FDIC Certificate #: 967 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Bank Iowa (#4456) Federal Reserve ID: 352941 Date Established: January 01, 1909 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 2 (Interstate: No) FDIC's unique #: 634 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: June 01, 1998 Last Structure Change Process Date: June 16, 1998 Last Data Update: June 16, 1998 Data Source Date: April 05, 2012
Location
Address: 617 West Sheridan Avenue, Shenandoah, IA 51601 County: Page Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Omaha Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: Western
Financial Summary
Total assets: $36.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
25Total employees (full-time equivalent)
$36,767Total assets
$2,059Cash and due from depository institutions
$0Interest-bearing balances
$4,260Securities
$4,700Federal funds sold & reverse repurchase agreements
$24,227Net loans & leases
$352Loan loss allowance
$0Trading account assets
$725Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$796All other assets
$36,767Total liabilities and capital
$32,783Total liabilities
$32,340Total deposits
$28,285Interest-bearing deposits
$32,340Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$443All other liabilities
$3,984Total equity capital
$3,984Total bank equity capital
$3,984Perpetual preferred stock
$0Common stock
$180Surplus
$1,320Undivided profits
Memoranda
$2,484Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$86Earning assets
$0Long-term assets (5+ years)
$541Average Assets, year-to-date
$33,187Average Assets, quarterly
$764Volatile liabilities
$36,562Insider loans
$36,232FHLB advances
$842Loans and leases held for sale
$145Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$2,011Total unused commitments
$0Restructured Loans and leases
$25,865Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$2,813Total interest income
$1,047Total interest expense
$1,766Net interest income
$0Provision for loan and lease losses
$277Total noninterest income
$0Fiduciary activities
$231Service charges on deposit accounts
$0Trading account gains & fees
$46Additional noninterest income
$1,535Total noninterest expense
$1,025Salaries and employee benefits
$260Premises and equipment expense
$250Additional noninterest expense
$508Pre-tax net operating income
$0Securities gains (losses)
$184Applicable income taxes
$324Income before extraordinary items
$0Extraordinary gains - net
$324Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$7Sale, conversion, retirement of capital stock, net
$324Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.49%Yield on earning assets
3.16%Cost of funding earning assets
5.33%Net interest margin
0.84%Noninterest income to earning assets
4.63%Noninterest expense to earning assets
0.89%Net operating income to assets
0.89%Return on assets (ROA)
1.39%Pretax return on assets
8.30%Return on equity (ROE)
0.00%Retained earnings to average equity (YTD only)
-0.03%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
75,135Assets per employee
1.47%Cash dividends to net income (YTD only)
Condition Ratios (%)
100.00%Loss allowance to loans
1.43%Loss allowance to noncurrent loans
409.30%Noncurrent assets plus other real estate owned to assets
0.23%Noncurrent loans to loans
0.35%Net loans and leases to deposits
74.91%Net loans and leases to core deposits
76.92%Equity capital to assets
10.84%Core capital (leverage) ratio
10.86%Tier 1 risk-based capital ratio
15.28%Total risk-based capital ratio
Memoranda
$17Average assets
$36,562Average earning assets
$3,905Average equity
$33,122Average loans
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