FDIC Certificate #: 26246 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First National Bank (#954) Federal Reserve ID: 948942 Date Established: May 03, 1985 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 3 (Interstate: No) OTS Docket #: 12706 FDIC's unique #: 32587 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: No Date of Deposit Insurance: May 03, 1985 Last Structure Change Effective Date: June 26, 2004 Last Structure Change Process Date: July 07, 2004 Last Data Update: July 07, 2004 Data Source Date: April 05, 2012
Location
Address: 793 Main Street, Anita, IA 50020 County: Cass 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
Financial Summary
Total assets: $47.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2003)
Dollar figures in thousands
23Total employees (full-time equivalent)
$48,562Total assets
$1,546Cash and due from depository institutions
$0Interest-bearing balances
$3,726Securities
$1,168Federal funds sold & reverse repurchase agreements
$37,002Net loans & leases
$543Loan loss allowance
$0Trading account assets
$623Bank premises and fixed assets
$312Other real estate owned
$2,568Goodwill and other intangibles
$0Life insurance assets
$1,617All other assets
$48,562Total liabilities and capital
$42,873Total liabilities
$37,305Total deposits
$31,981Interest-bearing deposits
$37,305Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$5,065Other borrowed funds
$0Subordinated debt
$503All other liabilities
$5,689Total equity capital
$5,689Total bank equity capital
$5,689Perpetual preferred stock
$0Common stock
$500Surplus
$5,112Undivided profits
Memoranda
$77Noncurrent loans and leases
$5,696Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$514Earning assets
$223Long-term assets (5+ years)
$972Average Assets, year-to-date
$41,896Average Assets, quarterly
$2,233Volatile liabilities
$48,195Insider loans
$48,606FHLB advances
$7,025Loans and leases held for sale
$122Unused loan commitments
$5,065Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$5,696Total unused commitments
$0Restructured Loans and leases
$450Derivatives
Income and Expense (December 31, 2003)
Dollar figures in thousands
$671Total interest income
$215Total interest expense
$456Net interest income
$21Provision for loan and lease losses
$116Total noninterest income
$0Fiduciary activities
$61Service charges on deposit accounts
$0Trading account gains & fees
$55Additional noninterest income
$357Total noninterest expense
$208Salaries and employee benefits
$38Premises and equipment expense
$111Additional noninterest expense
$194Pre-tax net operating income
$0Securities gains (losses)
$51Applicable income taxes
$143Income before extraordinary items
$0Extraordinary gains - net
$143Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$12Sale, conversion, retirement of capital stock, net
$1,500Net operating income
Performance and Condition Ratios (December 31, 2003)
Dollar figures in thousands
Performance Ratios (%, annualized)
1.54%Yield on earning assets
0.49%Cost of funding earning assets
1.05%Net interest margin
0.27%Noninterest income to earning assets
0.82%Noninterest expense to earning assets
0.30%Net operating income to assets
0.30%Return on assets (ROA)
0.40%Pretax return on assets
2.85%Return on equity (ROE)
-27.00%Retained earnings to average equity (YTD only)
-0.03%Net charge-offs to loans
-175.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
60,490Assets per employee
2.11%Cash dividends to net income (YTD only)
Condition Ratios (%)
1048.95%Loss allowance to loans
1.45%Loss allowance to noncurrent loans
105.64%Noncurrent assets plus other real estate owned to assets
1.70%Noncurrent loans to loans
1.37%Net loans and leases to deposits
99.19%Net loans and leases to core deposits
121.40%Equity capital to assets
11.71%Core capital (leverage) ratio
6.76%Tier 1 risk-based capital ratio
8.77%Total risk-based capital ratio
Memoranda
$10Average assets
$48,195Average earning assets
$5,025Average equity
$43,535Average loans
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