FDIC Certificate #: 14446 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Citizens Bank (#18608) Federal Reserve ID: 489043 Date Established: August 30, 1915 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) FDIC's unique #: 9028 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: June 05, 1934 Last Structure Change Effective Date: August 08, 2000 Last Structure Change Process Date: August 28, 2000 Last Data Update: August 28, 2000 Data Source Date: April 05, 2012
Location
Address: 900 Illinois, Sidney, IA 51652 County: Fremont 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: $31.7 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1999)
Dollar figures in thousands
14Total employees (full-time equivalent)
$33,219Total assets
$1,084Cash and due from depository institutions
$0Interest-bearing balances
$5,343Securities
$1,750Federal funds sold & reverse repurchase agreements
$23,081Net loans & leases
$253Loan loss allowance
$0Trading account assets
$434Bank premises and fixed assets
$0Other real estate owned
$956Goodwill and other intangibles
$0Life insurance assets
$571All other assets
$33,219Total liabilities and capital
$29,224Total liabilities
$29,061Total deposits
$25,135Interest-bearing deposits
$29,061Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$163All other liabilities
$3,995Total equity capital
$3,995Total bank equity capital
$3,995Perpetual preferred stock
$0Common stock
$150Surplus
$3,739Undivided profits
Memoranda
$106Noncurrent loans and leases
$1,877Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$230Earning assets
$0Long-term assets (5+ years)
$474Average Assets, year-to-date
$30,174Average Assets, quarterly
$1,041Volatile liabilities
$33,307Insider loans
$33,180FHLB advances
$3,284Loans and leases held for sale
$336Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,877Total unused commitments
$0Restructured Loans and leases
$253Derivatives
Income and Expense (December 31, 1999)
Dollar figures in thousands
$2,464Total interest income
$1,095Total interest expense
$1,369Net interest income
$59Provision for loan and lease losses
$171Total noninterest income
$0Fiduciary activities
$135Service charges on deposit accounts
$0Trading account gains & fees
$36Additional noninterest income
$1,045Total noninterest expense
$506Salaries and employee benefits
$117Premises and equipment expense
$422Additional noninterest expense
$436Pre-tax net operating income
$0Securities gains (losses)
$203Applicable income taxes
$233Income before extraordinary items
$0Extraordinary gains - net
$233Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$116Sale, conversion, retirement of capital stock, net
$200Net operating income
Performance and Condition Ratios (December 31, 1999)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.23%Yield on earning assets
3.66%Cost of funding earning assets
4.57%Net interest margin
0.57%Noninterest income to earning assets
3.49%Noninterest expense to earning assets
0.70%Net operating income to assets
0.70%Return on assets (ROA)
1.31%Pretax return on assets
5.83%Return on equity (ROE)
0.83%Retained earnings to average equity (YTD only)
0.51%Net charge-offs to loans
50.86%Credit loss provision to net charge-offs
4.27%Efficiency ratio
59,286Assets per employee
2.37%Cash dividends to net income (YTD only)
Condition Ratios (%)
85.84%Loss allowance to loans
1.08%Loss allowance to noncurrent loans
110.00%Noncurrent assets plus other real estate owned to assets
0.69%Noncurrent loans to loans
0.99%Net loans and leases to deposits
79.42%Net loans and leases to core deposits
89.54%Equity capital to assets
12.03%Core capital (leverage) ratio
9.33%Tier 1 risk-based capital ratio
12.95%Total risk-based capital ratio
Memoranda
$14Average assets
$33,307Average earning assets
$3,998Average equity
$29,956Average loans
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