FDIC Certificate #: 34185 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First American Bank (#14808) Federal Reserve ID: 2480503 Date Established: July 05, 1996 WWW:http://www.waukeestatebank.com Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) OTS Docket #: 14530 FDIC's unique #: 56843 Numeric code: 21 Regulator: FDIC 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: July 05, 1996 Last Structure Change Effective Date: August 19, 2006 Last Structure Change Process Date: October 18, 2006 Last Data Update: October 18, 2006 Data Source Date: April 05, 2012
Location
Address: Highway 6 And Warrior Lane, Waukee, IA 50263 County: Dallas 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: $54.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2005)
Dollar figures in thousands
18Total employees (full-time equivalent)
$55,463Total assets
$1,183Cash and due from depository institutions
$15Interest-bearing balances
$16,100Securities
$2,999Federal funds sold & reverse repurchase agreements
$33,040Net loans & leases
$313Loan loss allowance
$0Trading account assets
$1,040Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,101All other assets
$55,463Total liabilities and capital
$50,135Total liabilities
$42,447Total deposits
$36,121Interest-bearing deposits
$42,447Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$7,500Other borrowed funds
$0Subordinated debt
$188All other liabilities
$5,328Total equity capital
$5,328Total bank equity capital
$5,328Perpetual preferred stock
$0Common stock
$365Surplus
$4,291Undivided profits
Memoranda
$672Noncurrent loans and leases
$1,228Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$162Earning assets
$0Long-term assets (5+ years)
$214Average Assets, year-to-date
$52,154Average Assets, quarterly
$19,647Volatile liabilities
$55,676Insider loans
$55,237FHLB advances
$9,362Loans and leases held for sale
$687Unused loan commitments
$7,500Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,228Total unused commitments
$0Restructured Loans and leases
$313Derivatives
Income and Expense (December 31, 2005)
Dollar figures in thousands
$2,906Total interest income
$1,181Total interest expense
$1,725Net interest income
-$33Provision for loan and lease losses
$309Total noninterest income
$0Fiduciary activities
$186Service charges on deposit accounts
$0Trading account gains & fees
$123Additional noninterest income
$1,496Total noninterest expense
$874Salaries and employee benefits
$292Premises and equipment expense
$330Additional noninterest expense
$571Pre-tax net operating income
$0Securities gains (losses)
$184Applicable income taxes
$387Income before extraordinary items
$0Extraordinary gains - net
$387Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$69Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2005)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.57%Yield on earning assets
2.26%Cost of funding earning assets
3.30%Net interest margin
0.59%Noninterest income to earning assets
2.87%Noninterest expense to earning assets
0.70%Net operating income to assets
0.70%Return on assets (ROA)
1.03%Pretax return on assets
7.47%Return on equity (ROE)
7.47%Retained earnings to average equity (YTD only)
0.20%Net charge-offs to loans
-47.83%Credit loss provision to net charge-offs
7.80%Efficiency ratio
73,550Assets per employee
3.08%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.94%Loss allowance to noncurrent loans
193.21%Noncurrent assets plus other real estate owned to assets
0.29%Noncurrent loans to loans
0.49%Net loans and leases to deposits
77.84%Net loans and leases to core deposits
98.38%Equity capital to assets
9.61%Core capital (leverage) ratio
9.77%Tier 1 risk-based capital ratio
15.69%Total risk-based capital ratio
Memoranda
$17Average assets
$55,676Average earning assets
$5,180Average equity
$52,214Average loans
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