Midwestone Bank
Oskaloosa, IA — Domestic Branch of a Domestic Bank
Acquired Aug 2008
Vitals
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Total Assets789.2M 6.3 %
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Total Deposits591.4M 4.1 %
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Total Net Loans640.0M 8.4 %
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Net Income3.5M -7.3 %
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Book Value74.0M 3.7 %
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Book Value x2147.9M 3.7 %
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Book Value x3221.9M 3.7 %
Balance Sheet Highlights
Financial Highlights | Midwestone Bank | All Insured Commercial Banks in Iowa |
Balance Sheet $(000) | ||
Total Assets | 789,190 | 111,753 |
Total Net Loans | 639,991 | 77,015 |
Total Deposits | 591,370 | 89,845 |
Total Equity | 73,973 | 11,197 |
Profitability | ||
Net Income | 3,546 | 773 |
Return on Average Assets | .917 | 1.189 |
Return on Average Equity | 9.656 | 11.453 |
Net Interest Margin | 3.978 | 3.664 |
Efficiency Ratio | 55.287 | 61.136 |
Noninterest Income/Revenue | 8.529 | 9.583 |
Balance Sheet Ratios | ||
Loan-to-Deposit | 108.222 | 81.507 |
Securities/Assets | .091 | .326 |
Total Equity/Total Assets | .094 | .1 |
Tangible Equity/Tangible Assets | .076 | .07 |
Capital Adequacy | ||
Tier 1 Common Capital | — | — |
Tier 1 Capital | 59,866 | 10,611 |
Tier 2 Capital | 7,355 | 861 |
Total Capital | 67,221 | 11,464 |
Total Risk Weighted Assets | 625,969 | 83,632 |
Leverage Ratio | 7.81 | 9.878 |
Common Equity Tier 1 Capital Ratio | — | — |
Tier 1 Capital Ratio | 9.56 | 14.032 |
Total Capital Ratio | 10.74 | 15.049 |
Timeline for Midwestone Bank
Midwestone Financial Group, Inc.
Midwestone Financial Group, Inc. became a new parent organization for Midwestone Bank.
View Profile Mar 14 2008Midwestone Bank
Acquisition: Midwestone Bank acquired a new subsidiary, Midwestone Bank, 18 years
View Profile Jan 01 2006Central Valley Bank
Acquisition: Midwestone Bank acquired a new subsidiary, Central Valley Bank, 18 years
View Profile Jan 01 2006Pella State Bank
Acquisition: Midwestone Bank acquired a new subsidiary, Pella State Bank, 18 years
View Profile Jan 01 2006Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
Midwestone Bank | Buyer | 2,995,526 | Pooling of Interests | Discontinued | 8/9/2008 |
Midwestone Bank | Seller | 181,303 | Pooling of Interests | Discontinued | 1/1/2006 |
Central Valley Bank | Seller | 130,662 | Pooling of Interests | Discontinued | 1/1/2006 |
Pella State Bank | Seller | 62,829 | Pooling of Interests | Discontinued | 1/1/2006 |
Citizens Bank And Trust Company | Seller | 71,768 | Pooling of Interests | Discontinued | 6/16/2003 |
United Federal Savings Association Of Iowa | Seller | 196,162 | Failure | 6/25/1994 | |
Farmers Savings Bank | Seller | 11,499 | Discontinued | 5/1/1989 |
Relationships | Role | Relationship Start | Relationship End |
Midwestone Financial Group, Inc. | Parent | 3/14/2008 | 8/8/2008 |
Midwestone Financial Group, Inc | Parent | 6/12/1974 | 3/13/2008 |
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