Union State Bank in Monona, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 31, 2006

Union State Bank in Monona, Iowa (IA)
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Union State Bank - Overview

General
FDIC Certificate #: 5799
Status: Inactive
Closing history: Merge BIF and SAIF Funds into DIF
Acquiring institution: FreedomBank (#11767)
Federal Reserve ID: 887247
Date Established: May 01, 1933
WWW: http://www.usbmonona.com
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
OTS Docket #: 9766
FDIC's unique #: 3960
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
State Chartered: Yes
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: April 14, 2006
Last Data Update: April 14, 2006
Data Source Date: April 05, 2012
Location
Address: 106 South Main Street, Monona, IA 52159
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
Merger - Without Assistance
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $74.1 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, 2005)

Dollar figures in thousands
13Total employees (full-time equivalent)
$74,103Total assets
$2,846Cash and due from depository institutions
$7Interest-bearing balances
$13,193Securities
$0Federal funds sold & reverse repurchase agreements
$55,010Net loans & leases
$575Loan loss allowance
$0Trading account assets
$317Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$2,737All other assets
$74,103Total liabilities and capital
$67,102Total liabilities
$57,844Total deposits
$49,794Interest-bearing deposits
$57,844Deposits held in domestic offices
0.00%% insured (estimated)
$1,671Federal funds purchased & repurchase agreements
$0Trading liabilities
$7,041Other borrowed funds
$0Subordinated debt
$546All other liabilities
$7,001Total equity capital
$7,001Total bank equity capital
$7,001Perpetual preferred stock
$0Common stock
$105Surplus
$1,520Undivided profits
Memoranda
$5,376Noncurrent loans and leases
$8,739Noncurrent 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)
$833Average Assets, year-to-date
$68,210Average Assets, quarterly
$13,780Volatile liabilities
$73,119Insider loans
$74,429FHLB advances
$14,755Loans and leases held for sale
$140Unused loan commitments
$7,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$8,739Total unused commitments
$0Restructured Loans and leases
$575Derivatives

Income and Expense (December 31, 2005)

Dollar figures in thousands
$4,128Total interest income
$1,795Total interest expense
$2,333Net interest income
$122Provision for loan and lease losses
$178Total noninterest income
$0Fiduciary activities
$136Service charges on deposit accounts
$0Trading account gains & fees
$42Additional noninterest income
$1,256Total noninterest expense
$754Salaries and employee benefits
$139Premises and equipment expense
$363Additional noninterest expense
$1,133Pre-tax net operating income
$0Securities gains (losses)
$56Applicable income taxes
$1,077Income before extraordinary items
$0Extraordinary gains - net
$1,077Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$1Sale, conversion, retirement of capital stock, net
$556Net operating income

Performance and Condition Ratios (December 31, 2005)

Dollar figures in thousands
Performance Ratios (%, annualized)
6.04%Yield on earning assets
2.63%Cost of funding earning assets
3.41%Net interest margin
0.26%Noninterest income to earning assets
1.84%Noninterest expense to earning assets
1.47%Net operating income to assets
1.47%Return on assets (ROA)
1.55%Pretax return on assets
15.74%Return on equity (ROE)
7.62%Retained earnings to average equity (YTD only)
-0.00%Net charge-offs to loans
-12200.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
50,020Assets per employee
5.70%Cash dividends to net income (YTD only)
Condition Ratios (%)
51.62%Loss allowance to loans
1.03%Loss allowance to noncurrent loans
668.60%Noncurrent assets plus other real estate owned to assets
0.12%Noncurrent loans to loans
0.15%Net loans and leases to deposits
95.10%Net loans and leases to core deposits
122.79%Equity capital to assets
9.45%Core capital (leverage) ratio
9.82%Tier 1 risk-based capital ratio
13.99%Total risk-based capital ratio
Memoranda
$15Average assets
$73,119Average earning assets
$6,841Average equity
$68,348Average loans

Total Fiduciary and Related Assets (December 31, 2005)

Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
YesFiduciary powers granted
YesFiduciary or related activity
$470Managed Assets
1Number of Accounts
$139Personal trust and agency accounts
$139Employee 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
87Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$331Other retirement accounts
$331Corporate trust and agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices

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