The First State Bank
Conrad, IA — Domestic Branch of a Domestic Bank
Acquired Aug 2008
Vitals
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Total Assets121.8M 15.0 %
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Total Deposits97.5M 18.1 %
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Total Net Loans69.3M 15.4 %
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Net Income517000.0000 6.8 %
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Book Value13.1M 4.0 %
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Book Value x226.2M 4.0 %
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Book Value x339.2M 4.0 %
Balance Sheet Highlights
| Financial Highlights | The First State Bank | All Insured Commercial Banks in Iowa |
| Balance Sheet $(000) | ||
| Total Assets | 121,839 | 111,753 |
| Total Net Loans | 69,328 | 77,015 |
| Total Deposits | 97,458 | 89,845 |
| Total Equity | 13,081 | 11,197 |
| Profitability | ||
| Net Income | 517 | 773 |
| Return on Average Assets | .933 | 1.189 |
| Return on Average Equity | 7.904 | 11.453 |
| Net Interest Margin | 3.471 | 3.664 |
| Efficiency Ratio | 62.813 | 61.136 |
| Noninterest Income/Revenue | 12.992 | 9.583 |
| Balance Sheet Ratios | ||
| Loan-to-Deposit | 71.136 | 81.507 |
| Securities/Assets | .231 | .326 |
| Total Equity/Total Assets | .107 | .1 |
| Tangible Equity/Tangible Assets | .071 | .07 |
| Capital Adequacy | ||
| Tier 1 Common Capital | — | — |
| Tier 1 Capital | 8,810 | 10,611 |
| Tier 2 Capital | 1,005 | 861 |
| Total Capital | 9,815 | 11,464 |
| Total Risk Weighted Assets | 79,910 | 83,632 |
| Leverage Ratio | 8.14 | 9.878 |
| Common Equity Tier 1 Capital Ratio | — | — |
| Tier 1 Capital Ratio | 11.02 | 14.032 |
| Total Capital Ratio | 12.28 | 15.049 |
Timeline for The First State Bank
Midwestone Bank
The First State Bank was acquired by Midwestone Bank 15 years
View Profile Aug 09 2008
Midwestone Financial Group, Inc.
Midwestone Financial Group, Inc. became a new parent organization for The First State Bank.
View Profile Sep 01 2003
Central Iowa Bancorporation, Inc.
Central Iowa Bancorporation, Inc. became a new parent organization for The First State Bank.
View Profile Dec 31 1998
Statesman Federal Savings Bank
Acquisition: The First State Bank acquired a new subsidiary, Statesman Federal Savings Bank, 33 years
View Profile Mar 02 1991
Melbourne Savings Bank
Acquisition: The First State Bank acquired a new subsidiary, Melbourne Savings Bank, 35 years
View Profile Sep 01 1988
| Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
| Midwestone Bank | Buyer | 2,995,526 | Pooling of Interests | Discontinued | 8/9/2008 |
| Statesman Federal Savings Bank | Seller | 422,121 | Failure | 3/2/1991 | |
| Melbourne Savings Bank | Seller | 16,119 | Discontinued | 9/1/1988 |
| Relationships | Role | Relationship Start | Relationship End |
| Midwestone Financial Group, Inc. | Parent | 9/1/2003 | 8/8/2008 |
| Central Iowa Bancorporation, Inc. | Parent | 12/31/1998 | 8/31/2003 |
| Conrad Bancorporation | Parent | 10/21/1986 | 12/30/1998 |
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