United Federal Savings Association of Iowa in Des Moines, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 24, 1994

  • United Federal Savings Association of Iowa in Des Moines, Iowa (IA)
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United Federal Savings Association of Iowa - Overview

  • General
  • FDIC Certificate #: 33358
    Status: Inactive
    Closing history: Office Sold
    Acquiring institution: West Bank (#15614)
    Federal Reserve ID: 235875
    Date Established: March 22, 1991
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 9103
    FDIC's unique #: 46937
    Numeric code: 38
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: No
    Date of Deposit Insurance: March 22, 1991
    Last Structure Change Effective Date: June 24, 1994
    Last Structure Change Process Date: July 07, 1994
    Last Data Update: July 27, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: Fourth And Locust, Des Moines, IA 50308
    County: Polk
    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
    Metropolitan Statistical Area (MSA): Des Moines, IA (#2120)
    Combined Statistical Area (CSA): Des Moines-Newton-Pella, IA (#218)
    Core Based Statistical Area (CBSA): Des Moines-West Des Moines, IA (#19780)
    CBSA Metro Statistical Area: Des Moines-West Des Moines, IA (#19780)
  • History of Changes
  • Pass Through Receivership Merger
    Conservatorship Institution Resolved
    Corrections
    Office Sold
  • Financial Summary
  • Total assets: $196.2 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $151Total assets
  • $230,404Cash and due from depository institutions
  • $24,069Interest-bearing balances
  • $16,296Securities
  • $79,855Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $56,181Loan loss allowance
  • $14,489Trading account assets
  • $0Bank premises and fixed assets
  • $5,153Other real estate owned
  • $786Goodwill and other intangibles
  • $64,360Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $230,404Total liabilities
  • $301,727Total deposits
  • $295,012Interest-bearing deposits
  • $295,012Deposits held in domestic offices
  • 295012.00%% insured (estimated)
  • $99Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $6,715Total equity capital
  • $6,715Total bank equity capital
  • $-71,323Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $0Undivided profits
  • Memoranda
  • $-71,323Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $35,893Income earned, not collected on loans
  • $424Earning assets
  • $152,332Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $285,900Average Assets, quarterly
  • $237,589Volatile liabilities
  • $5,830Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $-71,323Total risk weighted assets
  • $144,931Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $10,139Total interest expense
  • $16,026Net interest income
  • -$5,887Provision for loan and lease losses
  • $4,773Total noninterest income
  • $27,015Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $27,015Total noninterest expense
  • $30,251Salaries and employee benefits
  • $4,113Premises and equipment expense
  • $2,506Additional noninterest expense
  • $23,632Pre-tax net operating income
  • -$13,896Securities gains (losses)
  • $0Applicable income taxes
  • $20Income before extraordinary items
  • -$13,916Extraordinary gains - net
  • $0Net income attributable to bank
  • -$13,916Net charge-offs
  • $29,023Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 4.98%Cost of funding earning assets
  • 7.87%Net interest margin
  • -2.89%Noninterest income to earning assets
  • 13.26%Noninterest expense to earning assets
  • 14.85%Net operating income to assets
  • -4.87%Return on assets (ROA)
  • -4.87%Pretax return on assets
  • -4.86%Return on equity (ROE)
  • 20.80%Retained earnings to average equity (YTD only)
  • 20.80%Net charge-offs to loans
  • 32.45%Credit loss provision to net charge-offs
  • 16.45%Efficiency ratio
  • 143,180Assets per employee
  • 1.53%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 20.50%Loss allowance to noncurrent loans
  • 40.37%Noncurrent assets plus other real estate owned to assets
  • 15.92%Noncurrent loans to loans
  • 50.79%Net loans and leases to deposits
  • 19.04%Net loans and leases to core deposits
  • 19.43%Equity capital to assets
  • -30.96%Core capital (leverage) ratio
  • -30.96%Tier 1 risk-based capital ratio
  • -49.21%Total risk-based capital ratio
  • Memoranda
  • -$49Average assets
  • $285,900Average earning assets
  • -$66,906Average equity
  • $203,745Average loans

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