West Burlington Bank in West Burlington, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 06, 2002

West Burlington Bank in West Burlington, Iowa (IA)
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West Burlington Bank - Overview

General
FDIC Certificate #: 12129
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Farmers & Merchants Bank & Trust (#13737)
Federal Reserve ID: 439141
Date Established: January 01, 1907
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Interstate: No)
FDIC's unique #: 7707
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: December 06, 2002
Last Structure Change Process Date: January 09, 2003
Last Data Update: January 09, 2003
Data Source Date: April 05, 2012
Location
Address: 101 Broadway Street, West Burlington, IA 52655
County: Des Moines
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
Core Based Statistical Area (CBSA): Burlington, IA-IL (#15460)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $63.9 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, 2001)

Dollar figures in thousands
24Total employees (full-time equivalent)
$56,888Total assets
$3,801Cash and due from depository institutions
$1,775Interest-bearing balances
$21,557Securities
$875Federal funds sold & reverse repurchase agreements
$28,936Net loans & leases
$249Loan loss allowance
$0Trading account assets
$976Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$743All other assets
$56,888Total liabilities and capital
$51,484Total liabilities
$49,527Total deposits
$41,669Interest-bearing deposits
$49,527Deposits held in domestic offices
0.00%% insured (estimated)
$1,762Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$195All other liabilities
$5,404Total equity capital
$5,404Total bank equity capital
$5,404Perpetual preferred stock
$0Common stock
$93Surplus
$1,900Undivided profits
Memoranda
$3,411Noncurrent loans and leases
$1,488Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$432Earning assets
$0Long-term assets (5+ years)
$534Average Assets, year-to-date
$53,143Average Assets, quarterly
$6,687Volatile liabilities
$54,253Insider loans
$56,072FHLB advances
$3,727Loans and leases held for sale
$873Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,488Total unused commitments
$0Restructured Loans and leases
$249Derivatives

Income and Expense (December 31, 2001)

Dollar figures in thousands
$3,564Total interest income
$1,646Total interest expense
$1,918Net interest income
$60Provision for loan and lease losses
$500Total noninterest income
$11Fiduciary activities
$285Service charges on deposit accounts
$0Trading account gains & fees
$204Additional noninterest income
$1,788Total noninterest expense
$947Salaries and employee benefits
$268Premises and equipment expense
$573Additional noninterest expense
$570Pre-tax net operating income
$0Securities gains (losses)
$29Applicable income taxes
$541Income before extraordinary items
$0Extraordinary gains - net
$541Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$28Sale, conversion, retirement of capital stock, net
$363Net operating income

Performance and Condition Ratios (December 31, 2001)

Dollar figures in thousands
Performance Ratios (%, annualized)
7.05%Yield on earning assets
3.25%Cost of funding earning assets
3.79%Net interest margin
0.99%Noninterest income to earning assets
3.54%Noninterest expense to earning assets
1.00%Net operating income to assets
1.00%Return on assets (ROA)
1.05%Pretax return on assets
10.39%Return on equity (ROE)
3.42%Retained earnings to average equity (YTD only)
0.10%Net charge-offs to loans
214.29%Credit loss provision to net charge-offs
22.50%Efficiency ratio
73,945Assets per employee
2.37%Cash dividends to net income (YTD only)
Condition Ratios (%)
67.10%Loss allowance to loans
0.85%Loss allowance to noncurrent loans
57.64%Noncurrent assets plus other real estate owned to assets
0.76%Noncurrent loans to loans
1.48%Net loans and leases to deposits
58.42%Net loans and leases to core deposits
60.84%Equity capital to assets
9.50%Core capital (leverage) ratio
8.82%Tier 1 risk-based capital ratio
15.31%Total risk-based capital ratio
Memoranda
$16Average assets
$54,253Average earning assets
$5,207Average equity
$50,572Average loans

Total Fiduciary and Related Assets (December 31, 2001)

Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
YesFiduciary powers granted
YesFiduciary or related activity
$5,468Managed Assets
1Number of Accounts
$5,442Personal trust and agency accounts
$3,074Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$2,368Other retirement accounts
$0Corporate trust and agency accounts
$0Investment management agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
$0Non-managed Assets
21Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$26Other retirement accounts
$26Corporate trust and agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices

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