FDIC Certificate #: 12716 Status: Active Federal Reserve ID: 495044 Date Established: May 15, 1931 WWW:http://www.walcottbank.com Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 8064 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: No Asset Concentration Hierarchy: Commercial Lending Specialization 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: 101 West Bryant Street, Walcott, IA 52773 County: Scott 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 Metropolitan Statistical Area (MSA): Davenport-Moline-Rock Island, IA-IL (#1960) Core Based Statistical Area (CBSA): Davenport-Moline-Rock Island, IA-IL (#19340) CBSA Metro Statistical Area: Davenport-Moline-Rock Island, IA-IL (#19340)
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $101.6 mil Equity capital: $17.7 mil Deposits held in domestic offices: $81.0 mil Return on assets (ROA): 0.39% ($0.4 mil) Quarterly return on assets: 1.01% ($1.0 mil) Return on Equity (ROE): 2.10% ($0.4 mil) Quarterly return on equity: 5.87% ($1.1 mil) Net income: $0.4 mil Quarterly Net income: $0.3 mil Pretax return on assets: 0.50% ($507.9 mil) Quarterly Pretax return on assets: 1.43% ($1,452.6 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
22Total employees (full-time equivalent)
$101,582Total assets
$24,990Cash and due from depository institutions
$21,179Interest-bearing balances
$11,072Securities
$0Federal funds sold & reverse repurchase agreements
$62,977Net loans & leases
$750Loan loss allowance
$0Trading account assets
$618Bank premises and fixed assets
$530Other real estate owned
$0Goodwill and other intangibles
$101,582Life insurance assets
$1,395All other assets
$83,866Total liabilities and capital
$81,015Total liabilities
$72,099Total deposits
$81,015Interest-bearing deposits
$84Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$2,650Trading liabilities
$0Other borrowed funds
$201Subordinated debt
$17,716All other liabilities
$17,716Total equity capital
$17,716Total bank equity capital
$0Perpetual preferred stock
$200Common stock
$2,300Surplus
$15,216Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$369Income earned, not collected on loans
$0Earning assets
$530Long-term assets (5+ years)
$95,228Average Assets, year-to-date
$10,765Average Assets, quarterly
$96,246Volatile liabilities
$102,473Insider loans
$64,374FHLB advances
$101,380Loans and leases held for sale
$200Unused loan commitments
$0Tier 1 (core) risk-based capital
$17,533Tier 2 risk-based capital
$200Total risk weighted assets
$0Total unused commitments
$11,850Restructured Loans and leases
$1,942Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$4,354Total interest income
$956Total interest expense
$3,398Net interest income
$1,261Provision for loan and lease losses
$653Total noninterest income
$25Fiduciary activities
$88Service charges on deposit accounts
$0Trading account gains & fees
$540Additional noninterest income
$2,311Total noninterest expense
$1,469Salaries and employee benefits
$174Premises and equipment expense
$668Additional noninterest expense
$479Pre-tax net operating income
$0Securities gains (losses)
$108Applicable income taxes
$371Income before extraordinary items
$0Extraordinary gains - net
$371Net income attributable to bank
$0Net charge-offs
$371Cash dividends
$1,376Sale, conversion, retirement of capital stock, net
$260Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.90%Yield on earning assets
1.08%Cost of funding earning assets
3.82%Net interest margin
0.73%Noninterest income to earning assets
2.60%Noninterest expense to earning assets
0.39%Net operating income to assets
0.39%Return on assets (ROA)
0.50%Pretax return on assets
2.10%Return on equity (ROE)
0.63%Retained earnings to average equity (YTD only)
2.10%Net charge-offs to loans
91.64%Credit loss provision to net charge-offs
1.26%Efficiency ratio
57,048Assets per employee
4.62%Cash dividends to net income (YTD only)
Condition Ratios (%)
70.08%Loss allowance to loans
1.18%Loss allowance to noncurrent loans
203.25%Noncurrent assets plus other real estate owned to assets
0.88%Noncurrent loans to loans
0.58%Net loans and leases to deposits
77.73%Net loans and leases to core deposits
81.82%Equity capital to assets
17.44%Core capital (leverage) ratio
17.29%Tier 1 risk-based capital ratio
27.24%Total risk-based capital ratio
Memoranda
$28Average assets
$96,246Average earning assets
$17,671Average equity
$88,911Average 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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