FDIC Certificate #: 58478 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:AMES COMMUNITY BANK (#11763) Federal Reserve ID: 3462092 Date Established: October 13, 2006 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 1 (Interstate: No) FDIC's unique #: 453359 Numeric code: 13 Regulator: FED 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: October 13, 2006 Last Structure Change Effective Date: May 01, 2010 Last Structure Change Process Date: June 07, 2010 Last Data Update: June 07, 2010 Data Source Date: April 05, 2012
Location
Address: 925 Se Gateway Dr., Grimes, IA 50111 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)
Financial Summary
Total assets: $87.1 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2009)
Dollar figures in thousands
15Total employees (full-time equivalent)
$93,062Total assets
$12,120Cash and due from depository institutions
$10,775Interest-bearing balances
$5,587Securities
$103Federal funds sold & reverse repurchase agreements
$67,266Net loans & leases
$4,452Loan loss allowance
$0Trading account assets
$614Bank premises and fixed assets
$6,143Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,229All other assets
$93,062Total liabilities and capital
$86,126Total liabilities
$83,632Total deposits
$78,430Interest-bearing deposits
$83,632Deposits held in domestic offices
76.34%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$2,000Other borrowed funds
$0Subordinated debt
$494All other liabilities
$6,936Total equity capital
$6,936Total bank equity capital
$6,936Perpetual preferred stock
$0Common stock
$7,100Surplus
$11,350Undivided profits
Memoranda
$-11,514Noncurrent loans and leases
$5,395Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$8,396Earning assets
$0Long-term assets (5+ years)
$270Average Assets, year-to-date
$83,731Average Assets, quarterly
$8,210Volatile liabilities
$102,467Insider loans
$90,861FHLB advances
$30,061Loans and leases held for sale
$190Unused loan commitments
$2,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$5,395Total unused commitments
$1,832Restructured Loans and leases
$934Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$5,109Total interest income
$2,766Total interest expense
$2,343Net interest income
$5,986Provision for loan and lease losses
-$582Total noninterest income
$0Fiduciary activities
$57Service charges on deposit accounts
$0Trading account gains & fees
-$639Additional noninterest income
$3,509Total noninterest expense
$1,502Salaries and employee benefits
$967Premises and equipment expense
$1,040Additional noninterest expense
-$7,734Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
-$7,734Income before extraordinary items
$0Extraordinary gains - net
-$7,734Net income attributable to bank
$0Net charge-offs
-$7,734Cash dividends
$3,445Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.56%Yield on earning assets
3.01%Cost of funding earning assets
2.55%Net interest margin
-0.63%Noninterest income to earning assets
3.82%Noninterest expense to earning assets
-7.55%Net operating income to assets
-7.55%Return on assets (ROA)
-7.55%Pretax return on assets
-89.32%Return on equity (ROE)
-89.32%Retained earnings to average equity (YTD only)
4.32%Net charge-offs to loans
173.76%Credit loss provision to net charge-offs
-0.51%Efficiency ratio
199,262Assets per employee
6.20%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
6.21%Loss allowance to noncurrent loans
53.03%Noncurrent assets plus other real estate owned to assets
15.62%Noncurrent loans to loans
11.71%Net loans and leases to deposits
80.43%Net loans and leases to core deposits
121.05%Equity capital to assets
7.45%Core capital (leverage) ratio
7.30%Tier 1 risk-based capital ratio
9.62%Total risk-based capital ratio
Memoranda
$11Average assets
$102,467Average earning assets
$8,659Average equity
$91,810Average loans
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