FDIC Certificate #: 1856 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Citizens State Bank (#9047) Federal Reserve ID: 609243 Date Established: November 09, 1929 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) OTS Docket #: 13557 FDIC's unique #: 1235 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: January 01, 1934 Last Structure Change Effective Date: January 06, 2003 Last Structure Change Process Date: Febuary 04, 2003 Last Data Update: Febuary 04, 2003 Data Source Date: April 05, 2012
Location
Address: 102 East Mission, Strawberry Point, IA 52076 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
Financial Summary
Total assets: $43.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2002)
Dollar figures in thousands
13Total employees (full-time equivalent)
$43,949Total assets
$1,100Cash and due from depository institutions
$0Interest-bearing balances
$17,790Securities
$1,789Federal funds sold & reverse repurchase agreements
$21,290Net loans & leases
$258Loan loss allowance
$0Trading account assets
$911Bank premises and fixed assets
$0Other real estate owned
$482Goodwill and other intangibles
$0Life insurance assets
$587All other assets
$43,949Total liabilities and capital
$39,543Total liabilities
$37,462Total deposits
$32,088Interest-bearing deposits
$37,462Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$1,500Other borrowed funds
$0Subordinated debt
$581All other liabilities
$4,406Total equity capital
$4,406Total bank equity capital
$4,406Perpetual preferred stock
$0Common stock
$200Surplus
$2,300Undivided profits
Memoranda
$1,906Noncurrent loans and leases
$3,007Noncurrent 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)
$354Average Assets, year-to-date
$40,869Average Assets, quarterly
$11,050Volatile liabilities
$42,505Insider loans
$42,941FHLB advances
$3,513Loans and leases held for sale
$1,294Unused loan commitments
$1,500Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,007Total unused commitments
$0Restructured Loans and leases
$258Derivatives
Income and Expense (December 31, 2002)
Dollar figures in thousands
$2,607Total interest income
$1,263Total interest expense
$1,344Net interest income
$0Provision for loan and lease losses
$104Total noninterest income
$4Fiduciary activities
$33Service charges on deposit accounts
$0Trading account gains & fees
$67Additional noninterest income
$941Total noninterest expense
$616Salaries and employee benefits
$91Premises and equipment expense
$234Additional noninterest expense
$507Pre-tax net operating income
$63Securities gains (losses)
$163Applicable income taxes
$407Income before extraordinary items
$0Extraordinary gains - net
$407Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$0Sale, conversion, retirement of capital stock, net
$36Net operating income
Performance and Condition Ratios (December 31, 2002)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.64%Yield on earning assets
3.22%Cost of funding earning assets
3.42%Net interest margin
0.26%Noninterest income to earning assets
2.40%Noninterest expense to earning assets
0.85%Net operating income to assets
0.96%Return on assets (ROA)
1.34%Pretax return on assets
9.95%Return on equity (ROE)
9.07%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
64,986Assets per employee
3.38%Cash dividends to net income (YTD only)
Condition Ratios (%)
8.85%Loss allowance to loans
1.20%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
56.83%Net loans and leases to core deposits
62.71%Equity capital to assets
10.03%Core capital (leverage) ratio
8.39%Tier 1 risk-based capital ratio
14.61%Total risk-based capital ratio
Memoranda
$16Average assets
$42,505Average earning assets
$4,092Average equity
$39,251Average loans
Total Fiduciary and Related Assets (December 31, 2002)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
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