FDIC Certificate #: 12859 Status: Active Federal Reserve ID: 616849 Bank Holding Company (Regulatory Top Holder): Dentel Bancorporation (RSSDID: 1133615, Location: Victor, IA) Date Established: April 11, 1928 WWW:http://www.victorstatebank.com Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) OTS Docket #: 15596 FDIC's unique #: 8140 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: Yes Asset Concentration Hierarchy: All Other Specialization < 1 Billion Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: March 31, 2006 Last Structure Change Process Date: November 03, 2006 Last Data Update: November 03, 2006 Data Source Date: April 05, 2012
Location
Address: 201 Washington Street, Victor, IA 52347 County: Iowa 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
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $43.5 mil Equity capital: $8.4 mil Deposits held in domestic offices: $31.8 mil Return on assets (ROA): 3.25% ($1.4 mil) Quarterly return on assets: 4.27% ($1.8 mil) Return on Equity (ROE): 16.52% ($1.3 mil) Quarterly return on equity: 21.90% ($1.8 mil) Net income: $1.3 mil Quarterly Net income: $0.5 mil Pretax return on assets: 3.42% ($1,487.4 mil) Quarterly Pretax return on assets: 4.41% ($1,918.0 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2011)
Dollar figures in thousands
5Total employees (full-time equivalent)
$43,491Total assets
$1,064Cash and due from depository institutions
$348Interest-bearing balances
$21,797Securities
$0Federal funds sold & reverse repurchase agreements
$19,290Net loans & leases
$125Loan loss allowance
$0Trading account assets
$44Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$43,491Life insurance assets
$1,296All other assets
$35,097Total liabilities and capital
$31,800Total liabilities
$27,805Total deposits
$31,800Interest-bearing deposits
$89Deposits held in domestic offices
550.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$2,510Trading liabilities
$0Other borrowed funds
$237Subordinated debt
$8,394All other liabilities
$8,394Total equity capital
$8,394Total bank equity capital
$0Perpetual preferred stock
$60Common stock
$1,690Surplus
$6,644Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$6Income earned, not collected on loans
$0Earning assets
$373Long-term assets (5+ years)
$41,435Average Assets, year-to-date
$17,306Average Assets, quarterly
$40,509Volatile liabilities
$42,185Insider loans
$26,339FHLB advances
$41,007Loans and leases held for sale
$755Unused loan commitments
$755Tier 1 (core) risk-based capital
$8,372Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$65Restructured Loans and leases
$183Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$2,031Total interest income
$358Total interest expense
$1,673Net interest income
$50Provision for loan and lease losses
$254Total noninterest income
$1Fiduciary activities
$47Service charges on deposit accounts
$0Trading account gains & fees
$206Additional noninterest income
$490Total noninterest expense
$339Salaries and employee benefits
$41Premises and equipment expense
$110Additional noninterest expense
$1,387Pre-tax net operating income
$0Securities gains (losses)
$70Applicable income taxes
$1,317Income before extraordinary items
$0Extraordinary gains - net
$1,317Net income attributable to bank
$0Net charge-offs
$1,317Cash dividends
$50Sale, conversion, retirement of capital stock, net
$705Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.31%Yield on earning assets
0.94%Cost of funding earning assets
4.37%Net interest margin
0.66%Noninterest income to earning assets
1.28%Noninterest expense to earning assets
3.25%Net operating income to assets
3.25%Return on assets (ROA)
3.42%Pretax return on assets
16.52%Return on equity (ROE)
7.68%Retained earnings to average equity (YTD only)
0.29%Net charge-offs to loans
100.00%Credit loss provision to net charge-offs
28.74%Efficiency ratio
25,428Assets per employee
8.70%Cash dividends to net income (YTD only)
Condition Ratios (%)
53.53%Loss allowance to loans
0.64%Loss allowance to noncurrent loans
2083.33%Noncurrent assets plus other real estate owned to assets
0.01%Noncurrent loans to loans
0.03%Net loans and leases to deposits
60.66%Net loans and leases to core deposits
63.90%Equity capital to assets
19.30%Core capital (leverage) ratio
20.42%Tier 1 risk-based capital ratio
31.79%Total risk-based capital ratio
Memoranda
$32Average assets
$40,509Average earning assets
$7,971Average equity
$38,246Average loans
Total Fiduciary and Related Assets (December 31, 2011)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
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