Annual Report of Holding Companies-FR Y-6/media/others/banking/...Board of Governors of the Federal...

Board of Governors of the Federal Reserve System 0 COPY FRY-6 OMB Number7100-0297 Approval expires December 31 2015 of 2

Annual Report of Holding Companies-FR Y-6

Report at the close of business as of the end of fiscal year

This Report is required by law Section 5(c)(1 )(A) of the Bank Holding Company Act (12 USC sect 1844 (c)(1 )(A)) Section 8(a) of the International Banking Act (12 USC sect 3106(a)) Sections 11 (a)(1 ) 25 and 25A of the Federal Reserve Act (12 USC sectsect 248(a)(1) 602 and 611a) Section 21113(c) of Regulation K (12 CFR sect 21113(c)) and Section 2255(b) of Regulation Y (12 CFR sect 225S(b)) and section 10(c)(2)(H) of the Home Owners Loan Act Return to the appropriate F ederal Reserve Bank the original and the number of copies specified

NOTE The Annual Report of Holding Companies must be signed by one director of the top-tier holding company This individual should also be a senior official of the top-tier holding company In the event that the top-tier holding company does not have an individual who is a senior official and is also a director the chairshyman of the board must sign the report

I Erik Skovgard Name of the Holding Company Director and Official

President Tie of the Holding Company Director and Official

attest that the Annual Report of Holding Companies (including the supporting attachments) for this report date has been preshypared in conformance with the instructions issued by the Federal Reserve System and are true and correct to the best of my knowledge and belief

With respect to information regarding individuals contained in this report the Reporter certifies that it has the authority to provide this information to the Federal Reserve The Reporter also certifies that it has the authority on behalf of each individual to consent or object to public release of information regarding that individual The Federal Reserve may assume in the absence of a request for confidential treatment submitted in accordance with the Boards Rules Regarding Availability of Information 12 CFR Part 261 that the Reporter and individual consent to public release of all details in the report concerning that individual

[4 lavft-pound Signature of Holding Company Director and Official

031 8201 5 Date of Signature

For holding companies not registered with the SECshyIndicate status of Annual Report to Shareholders

l2l is included with the FR Y-6 report

D wi ll be sent under separate cover

D is not prepared

For Federal Reserve Bank Use Only

RSSD ID --d-_l_Qj_(o_degt----CI ---------

This report form is to be filed by all top-tier bank holding compashynies and top-tier savings and loan holding companies organized under US law and by any foreign banking organization that does not meet the requirements of and is not treated as a qualifyshying foreign banking organization under Section 21123 of Regulation K (12 CFR sect 21123) (See page one of the general instructions for more detail of who must file) The Federal Reserve may not conduct or sponsor and an organization (or a person) is not required to respond to an information collection unless it displays a currently valid OMB control number

Date of Report (top-tier holding companys fiscal year-end)

December 31 2014 Month I Day I Year

na Reporters Legal Entity Identifier (LEI) (20-Character LEI Code)

Reporters Name Street and Mailing Address

Lincoln Bancorp Legal Title of Holding Company

508 Main St (Mailing Address of the Holding Company) Street I PO Box

Reinbeck IA City State

Physical Location (if different from mailing address)

50669 Zip Code

Person to whom questions about this report should be directed Emily Girsch EVPCFO Name

319-788-6441 Area Code I Phone Number I Extension

319-788-6697 Area Code I FAX Number

emilygmylsbcom E-mail Address

wwwmylsbcom

----------- Title

Address (URL) for the Holding Companys web page

Does the reporter request confidential treatment for any portion of this

submission

D Yes Please identify the report items to which this request applies

IZJ No

D In accordance with the instructions on pages GEN-2 and 3 a letter justifying the request is being provided

D The information for which confidential treatment is sought is being submitted separately labeled Confidential

Public reporting burden for this information collection is estimated to vary from 13 to 101 hours per response with an average of 525 hours per response including time to gather and maintain data in the required form and to review instructions and complete the information collection_ Send comments regarding this burden estimate or any other aspect of this collection of information including suggestions for reducing this burden to Secretary Board of Governors of the Federal Reserve System 20th and C Streets NW Vashington DC 20551 and to the Office of Management and Budget Paperwork Reduction Project (71 OQ0297) Vashington DC 20503

102014

Lincoln Bancorp and Subsidiaries Auditors Report and Consolidated Financial Statements

December 3 1 20 1 4 and 2 0 1 3

Contents

Lincoln Bancorp and Subsidiaries December 3 1 2 0 1 4 a n d 2 0 1 3

Independent Auditors Report middotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddot 1

Consolidated Financial Statements

Balance Sheets 3-4

Statements ofIncomemiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddotmiddot 5

Statements of Comprehensive Income 6

Statements of Stockholders Equity 7c8

Statements of Cash Flows 9-10

Notes to Financial Statements 1 1-45

J middot1

CPAs amp Advisors 910 E St Louis Street Suite 200 II PO Box 1190 II Springfield MO 65801-1190

417865870111fax417865068211 bkdcom

middotmiddotmiddot_J

Board of Directors Lincoln Bancorp and Subsidiaries Reinbeck Iowa

I n dependent Auditors Report

Report on the Financial Statements

We have audited the accompanying consolidated financial statements of Lincoln Bancorp and Subsidiaries which comprise the consolidated balance sheets as of December 31 2014 and2013 and the related consolidated statements of income comprehensive income stockholders equity and cash flows for the years then ended and the related notes to the financial statements

Managements Responsibility for the Financial Statements

Management is responsible for the preparation and fair presentation of these consolidated financial statements in accordance with accounting principles generally accepted in the United States of America this includes the design implementation and maintenance of internal control relevant to the preparation and fair presentation of consolidated financial statements that are free from material misstatement whether due to fraud or error

Auditors Responsibility

Our responsibility is to express an opinion on these consolidated financial statements based on our audits We conducted our audits in accordance with auditing standards generally accepted in the United States of America Those standards require that we plan and perform the audit to obtain reasonable assurfil1ce about whether the consolidated financial statements are free from material misstatement

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the consolidated financial statements The procedures selected depend on the auditors judgment including the assessment of the risks of material misstatement of the consolidated financial statements whether due to fraud or error In making those risk assessments the auditor considers internal control relevant to the entitys preparation and fair presentation of the consolidated financial statements in order to design audit procedures that are appropriate in the circumstances An audit also includes evaluating the appropriateness of accounting policies used al1d the reasonableness of significant accounting estimates made by management as well as evaluating the overall presentation of the consolidated financial statements

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion

Praxfix MEMBERmiddot

GLOBAL ALLIAHCt Of IHOEPEtlDUlT FIRMS

Board of Directors Lincoln Bancorp and Subsidiaries Page2

Opinion

In our opinion the consolidated financial statements refelTed to above present fairly in all material respects the fmancial position of Lincoln Bancorp and Subsidiaries as of December 31 2014 and 2013 and the results of its operations and its cash flows for the years then ended in accordance with accounting p1inciples generally accepted in the United States of America

Springfield Missouri March 2 2015

Lincoln Bancorp and Subsidiaries Consol i d ated Balance Sheets

December 3 1 2 0 1 4 a n d 2013

Assets

Cash and due from banks

Federal funds sold

Available-for-sale securities

Loans held for sale

Loans net of allowance for loan losses of $6450 169 and $5623786 at December 3 1 2014 and 2013

Premises and equipment net of accumulated depreciation of $ 19732640 and $ 1 8 138560 at December 3 1 2014 and 2013

Other real estate

Interest receivable

Cash value oflifeinsurance

Other investments

Goodwill

Core deposit intangible

Other

Total assets

See Notes to Consolidated Financial Statements 3

2014

$ 1 6499351

1 86000

127577326

7912120

597178815

19802597

751305

5076794

14416258

6589908

19855322

224088

2267836

$ 8 18337720

2013

$ 14900983

148795067

6402 107

464554994

1 5749834

3804415

4700657

1 1 893759

59 1 6096

19791321

353088

1 921 787

$ 698784108

L i a b i l it ies and Stockholders Equ ity

Liabilities Deposits

Demand _ NOW accolints Money market accounts Savings Time

Total deposits

Federal funds-purchased Securities sold under agreements to repurchase Federal Horne Loan Bank advances Notes payable Junior subordinated debentures Interest payable and other liabilities

Total liabilities

Stockholders Equity Common stock $100 par value authorized 1 000000 shares

issued and outstanding 15438 shares outstanding 15438 shares at December 31 2014 outstanding 15206 shares at December 3 1 2013

Additional paid-in capital Retained eafuings Accumulated other comprehensive income (Joss) Treasury stock at cost

Common-0 and 232 shares at December 3 1 2014 and 2013 Unearned ESOP shares

Total stockholders equity

Total liabilities and stockholders equity


$

2014

87355746 1 1 8386526 1 54791695 54954008

191 479397 606967372

28582531 9 1 474860

5000000 9279000

10267372 751571135

1543800 17 1 19872 49630003

1556862

(3083952)

66766585

$ 8 18337720

$

2013

84235337 1 03037901 1421 80662 5 1 638599

1 17 922632 499015 1 3 1

4442000 31333154 84340222 2397478 9279000 75221 00

638329085

1 543800 16875715 44846787

(255687)

(8 12000) ( 1743592)

60455023

$ 698784108

Lincoln Bancorp and Subsidiaries Consol idated Statements of I n come

Years E nded December 3 1 2 0 1 4 a n d 2 0 1 3

2014 Interest Income

Loans including fees $ 26007392 Debt securities

Taxable 2826599 Tax-exempt 1356954

Federal funds sold 6991 Total interest income 301 97936

Interest Expense Deposits 21 16279 Federal funds purchased and securities sold under

agreements to repurchase 185240 Federal Home Loan Bank advances 1 442440 N ates payable and junior subordinated debentures 359147

Total interest expense 4103106

Net Interest Income 26094830

Provision for Loan Losses 1291000

Net Interest Income After Provision for Loan Losses 24803830

Noninterest Income Insurance commissions 1 869440 Real estate commissions 1623292 Trust fees 492912 Brokerage service commissions 1 018 123 Service charges on deposit accounts 1029093 Net gains on loan sales 4865334 Net realized gains (losses) on sales of available-for-sale securities 637085 Other 1 535852

Total noninterest income 13 071 131

N oninterest Expense Salaries and employee benefits 17286 1 16 Occupancy 2144264 Furniture and equipment 2734138 Other 7555373

Total noninterest expense 29719891

Income Before Income Tax 8155070

Provision for Income Taxes 2155434

Net Income $ 5999636


2013

$ 21 441085

2859844 1 437221

9987 25748137

2322435

226998 1 477792

370021 4397246

21 350891

776102

20574789

1 938035 1 330092

472437 989869

1040320 5646677

(7740) 1 3 1 9360

12729050

1 5865836 1 877741 2676852 6687354

27107783

61 96056

1 35 1 916

$ 4844140

Lincoln Bancorp and Subsidiaries Consol idated Statements of C o m p rehensive Income

Years Ended Decem b er 31 2014a n d 201 3

2014


Other Comprehensive Jn come Securities

Unrealized_appreciation (depreciation) on available-for-sale 4372420 Les_s reclassification adjustment for (gains) losses included

in net incbme middot - (637085) Income taxesbullexpense (benefit) 1393280

Other comprehensive income (loss) on avail_able-for-sale securities 2342055

Derivatives used in cash flow hedging relationships Unrealized gain (loss) on deiivatives (844507) Income tax expense (benefit) (315001)

Other comprehensive income (loss) on cash flow hedges (529506)

Other comprehensive income (loss) net of tax 1812549

Comprehensive Income $ 78121 85


2013

$ 4844140

(7 596646)

7740 (2830662)

(4758244)

488578 (182240)

306338

( 445 1906)

$ 392234

Lincoln Bancorp and Subsidiaries Consol idated Statements of Stockh o lders Equity

Years Ended Decem ber 31 2014 and 201 3

Balance January 1 2013 Net income Other comprehensive income Dividends on conlinon stock $70 per share Acquisition of snares by ESOP with proceeds from a note

payable to a commrcial bank ESOP shares earned

Balance December 3i-2013

Net income Other comprehensive income Dividends on co6Ii stock $80 per share Shares sold from treasury (232 shares) Acquisition of shares by ESOP with proceeds from a note

payable to a commercial bank ESOP shares earned

Balance December 31 2014


Common

Stock

$ 1543800

1543800

$ 1543800

Additional

Paid-Jn

Capita l middot

$ 16875715

16875715

135052

109105

$ 17119872

Retained

Earnings

$ 41067127 4844140

(1064480)

44846787

5999636

(l216420)

$ 49630003

middotaj

Accumulated

Other U nearned

Comprehensive Treasury ESOP

Income (Loss) Stock S hares Total

$ 4196219 $ (812000) $ (1424091) $ 61446770 4844140

(4451906) (4451906) (1064480)

(500000) (500000) 180499 180499

(255687) (812000) (1743592) 60455023

5999636 1812549 18 12549

(1216420) 812000 947052

(1583304) (1583304) 242944 352049

$ 1556862 $ $ (3083952) $ 66766585


Lincoln Bancorp and Subsidiaries Consol idated Statements of Cash F l ows

Years Ended December 31 2014 and 2013

Operating Activities Net income Items not requiring (providing) cash

Depreciation and amortization Amortization of core deposit intangible Provision for loan losses Am01iization of premiums and discounts on securities Deferred income taxes Net gains on sale of oans Net realized (gains) losses on available-for-sale securities Gain on sale of foreclosed assets Origination ofloans held for sale Proceeds from sale of oans held for sale

Changes in Cash value oflife insurance Interest receivable Other assets Interest payable and other liabilities

Net cash provided by operating activities

Investing Activities Purchase of bank owned life insurance Purchases of available-for-sale securities Proceeds from maturities of available-for-sale securities Net sales (purchases) of other investments Net change in loans Purchase of premises and equipment Proceeds from sale of other real estate Federal funds sold net Disbursement on loan to ESOP Repayment on loan to ESOP Acquisition

Net cash used in investing activities

See Notes to Consolidated Financial Statements g

$

2014

5999636

1989738 129000

1291000 5 16150

30992 (4865334)

(637085) (40322)

(170576078) 173931400

(522499) (376137) (323767) 804750

7351444

(2000000) (14858907) 39897380

(673812) (134778952)

(6042502) 3957563 (186000)

(2395330) 152014 (64001)

(116992547)

2013

$ 4844140

1864486 129000 776102 668257 134720

(5646677) 7740

( 11164) (204448200) 241684577

(455123) (592348) 558298

83812

39597620

(33496960) 24372826 (1247806)

(100992958) (3738177)

206164

113256 (25000)

(1 14808655)

Lincoln Bancorp and Subsidiaries Cons o l idated Statements of Cash F l ows

Years Ended Decem ber 31 2014 and 2013

Net increase in deposits $ 107952241 Net increase (decrease) in securities sold under agreements

to repurchase (2750623) Proceeds from Federal Horne Loan Bank advances 72000000 Repayment of Federal Home Loan Bank advances (64865362) Repayment of federal funds purchased ( 4442000) Proceeds from other borrowings 5000000 Repayment of notes payable (1385417) Dividends paid (l216420) Proceeds from common stock sold from treasury 947052

Net cash provided by financing activities 111239471

Increase (Decrease) in Cash and Cash Equivalents 1598368

Cas4 and Cash Equivalents Beginning ofYar 14900983

Cash and Cash Equivalents End of Year $ 16499351

Supplementai Cash Flows Information Interest Paid $ 4065396 Income taxes paid $ 2303137 Real estate acquired in settlement ofloans $ 864131 Change in accumulated other cornprehensivejhcome

unreaiizedgains (losses) on securitieampavai)abkfor sale net $ 2319773 Acquisition (Note 7) assets acquired goodwil1 middot $ 64001


$ 42203781

9110388 68oooooo

(40659778) (9349000)

(197917) ( 1064480)

68042994

(7168041)

22069024

$ 14900983

$ 4436367 $ 1753080 $ 3849415

$ (4758244) $ 25000

Lincoln Bancorp and Subsidiaries N otes to Consolidated Fin a n cial Statements

December 3 1 2 0 14 a n d 2 0 1 3

N ote 1 N ature of O pe rations and S u mm ary of Sig n i fi cant Accou nting Policies

Nature of Operations

Lincoln Bancorp (the Company) is a bank holding company which OVns 100 of the outstanding common stock of Lincoln Savings Bank (the Bank) The Banks services are offered to individuals businesses governmental units and institutional customers in Iowa communities including Adel Allison Ames Ankeny Aplington Clive Cedar Falls Garwin Greene Grinnell Hudson Indianola Lincoln Mason City Nashua Reinbeck Tama Waterloo Waverly West Des Moines and the surrounding areas The Bank is actively engaged in many areas of commercial banking including acceptance of demand savings and time deposits making commercial real estate agricultural and consumer loans and other banking services tailored for its individual customers The Banks trust department administers estates personal trusts conservatorships pension and profit-sharing funds along with providing other management services to customers

Principles of Consolidation

The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries Lincoln Savings Bank and its wholly owned subsidiary LSB Financial Services Inc All significant intercompany balances and transactions have been eliminated in consolidation The Company also owns 100 of Lincoln Bancorp Capital Trust II which was formed for the purpose of issuing trust preferred securities as discussed more fully in Note 12 In accordance with generally accepted accounting principles (GAAP) this Trust is not included in the consolidated financial statements This investment is accounted for under the equity method of accounting

Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period Actual results could differ from those estimates

Material estimates that are particularly susceptible to significant change relate to the determination of the allowance for loan losses valuation of real estate acquired in connection with foreclosures or in satisfaction of loans other-than-temporary impairments (OTTI) and fair values of financial instruments

Revenue Recognition

Interest income on loans and investment securities is recognized on the accrual method Revenue from insurance real estate commissions trust and brokerage services and service charges and fees on customer deposits is recognized as the services are provided

1 1

Securities

Lincoln Bancorp and Subsidiaries Notes to Consolidated Financial Statements

December 31 2014 and 2013

Available-for-sale securities which include any security for which the Company has no immediate plan to sell but which may be sold in the future are recorded at fair value with unrealized gains and losses excluded from earnings and reported in other comprehensive income Purchase premiums and discounts are recognized in interest income using the interest method over the terms of the securities Gains and losses on the sale of securities are recorded on the trade date and are determined using the specific identification method

The Company routinely conducts periodic reviews to identify and evaluate each investment security to detennine whether an other-than-temporary impairment has occurred For debt securities with fair value below amortized cost when the Company does not intend to sell a debt security and it is more likely than not the Company will not have to sell the security before recovery of its cost basis it recognizes the credit component of an other-than-temporary impainnent of a debt security in earnings and the remaining portion in other comprehensive income

Loans Held for Sale

Mortgage loans originated and intended for sale in the secondary market are carried at the lower of cost or fair value in the aggregate Net unrealized losses if any are recognized through a valuation allowance by charges to noninterest income Gains and losses on loan sales are recorded in noninterest income and direct loan origination costs and fees are deferred at 01igination of the loan and are recognized in noninterest income upon sale of the loan

Loans

Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoffs are reported at their outstanding principal balances adjusted for unearned income charge-offs the allowance for loan losses any unamortized deferred fees or costs on originated loans and unamortized premiums or discounts on purchased loans

For loans amortized at cost interest income is accrued based on the unpaid principal balance Loan origination fees net of certain direct origination costs as well as premiums and discounts are deferred and amortized as a level yield adjustment over the respective term of the loan

The accrual of interest on agricultural and commercial loans is discontinued at the time the loan is 90 days past due unless the credit is well-secured and in process of collection Past-due status is based on contractual terms of the loan In all cases loans are placed on nonaccrual or charged off at an earlier date if collection of principal or interest is considered doubtful

All interest accrued but not collected for loans that are placed on nonaccrual or charged off are reversed against interest income The interest on these loans is accounted for on the cash-basis or cost-recovery method until qualifying for return to accrual Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured

1 2

Lincoln Bancorp and Subsidiaries N otes to Consolidated Financial Statements


Discounts and premiums on purchased residential real estate loans are amortized to income using the interest method over the remaining period to contractual maturity adjusted for anticipated prepayments Discounts and premiums on purchased consumer loans are recognized over the expected lives of the loans using methods that approximate the interest method

Allowance for Loan Losses

The allowance for loan losses is established as losses are estimated to have occurred through a provision for loan losses charged to income Loan losses are charged against the allowance when management believes the uncollectibility of a loan balance is confirmed Subsequent recoveries if any are credited to the allowance

The allowance for loan losses is evaluated on a regular basis by management and is based upon managements periodic review of the collectibility of the loans in light of historical experience the nature and volume of the loan portfolio adverse situations that may affect the borrowers ability to repay estimated value of any underlying collateral and prevailing economic conditions This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available

The allowance consists of allocated and general components The allocated component relates to loans that are classified as impaired For those loans that are classified as impaired an allowance is established when the discounted cash flows (or collateral value or observable market price) of the impaired loan is lower than the carrying value of that loan The general component covers nonclassified loans and is based on historical charge-off experience and expected loss given default derived from the Companys internal risk rating process Other adjustments may be made to the allowance for pools of loans after an assessment of internal or external influences on credit quality that are not fully reflected in the historical loss or risk rating data

A loan is considered impaired when based on current information and events it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement Factors considered by management in determining impairment include payment status collateral value and the probability of collecting scheduled principal and interest payments when due Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired Management detennines the significance of payment delays and payment shortfalls on a case-by-case basis taking into consideration all of the circumstances surrounding the loan and the borrower including the length of the delay the reasons for the delay the borrowers prior payment record and the amount of the shortfall in relation to the principal and interest owed Impairment is measured on a loan-by-loan basis for commercial and construction loans by either the present value of expected future cash flows discounted at the loans effective interest rate the loans obtainable market price or the fair value of the collateral if the loan is collateral dependent

Groups of loans with similar risk characteristics are collectively evaluated for impairment based on the groups historical loss experience adjused for changes in trends conditions and other relevant factors that affect repayment of the loans Accordingly the Company does not separately identify individual consumer and residential loans for impairment measurements unless such loans are the subject of a restructuring agreement due to financial difficulties of the borrower

Lincoln Bancorp and Subsidiaries Notes to Conso l i d ated Financial Statements

December 3 1 2014 and 20 1 3

Premises and Equipment

Depreciable assets are stated at cost less accumulated depreciation Depreciation is charged to expense principally using the straight-line method

The estimated useful lives for each major depreciable classification of premises and equipment are as follows

Buildings and improvements Furniture and equipment

Federal Home Loan Bank Stock

10 - 50 years 3 - 1 0 years

Federal Home Loan Bank stock is a required investment for institutions that are members of the Federal Home Loan Bank system The required investment in the common stock is based on a predetermined formula carried at cost and evaluated for impairment

Foreclosed Assets Held for Sale

Assets acquired through or in lieu of loan foreclosure are held for sale and are initially recorded at fair value less cost to sell at the date of foreclosure establishing a new cost basis Subsequent to foreclosure valuations are periodically performed by management and the assets are carried at the lower of carrying amount or fair value less cost to sell Revenue and expenses from operations and changes in the valuation allowance are included in net income or expense from foreclosed assets

Goodwill and Indefinite-Lived Intangible Assets

Goodwill and indefinite-lived intangibles are evaluated annually for impairment or more frequently if impairment indicators are present If the implied fair value of goodwill or the fair value of the indefinite-lived intangible is lower than their canying amounts an impairment loss is recognized in an amount equal to the difference Subsequent increases in goodwill value are not recognized in the financial statements

Core Deposit Intangible

The gross amount of the core deposit intangible was $ 1 236725 and $ 1 236725 with accumulated amortization of$1 012637 and $883637 at December 3 1 2014 and 2013 respectively Amortization expense for the years ended December 31 2014 and 2013 was $129000 and $129000 respectively Estimated amortization expense for future years is as follows

Year ended December 31

2015 2016

1 4

$ 129000 95088

$ 224088

Derivatives

Lincoln Bancorp and Subsidiaries N otes to Consolidated F i nancial Statements

December 3 1 2 0 1 4 a n d 2 0 1 3

The Company uses interest rate swaps as part of its interest rate risk management FASB Accounting Standards Codification (ASC) Topic 8 1 5 establishes accounting and rep01iing standards for derivative instruments and hedging activities The Company records all interest rate swaps on the balance sheet at fair value Derivatives used as a hedge of the fair value of a recognized asset or liability are considered fair value hedges Derivatives used to hedge the exposure to variability in expected future cash flows are considered cash flow hedges To qualify for hedge accounting the Company must comply with detailed rules and documentation requirements at the inception of the hedge and hedge effectiveness is assessed at inception and periodically throughout the life of the hedging relationship

For derivatives designated as cash flow hedges the effective p01iion of changes in the fair value of the derivative is initially reported in other comprehensive income and subsequently reclassified to interest income or expense when the hedged transaction affects earnings while the ineffective portion of changes in fair value of the derivative if any is recognized immediately in other noninterest income The Company assesses the effectiveness of each hedging relationship by comparing the cumulative changes in cash flows of the derivative hedging instruments with the cumulative changes in cash flows of tbe designated hedged item or transaction No component of the change in the fair value of the hedging instrument is excluded from the assessment of hedge effectiveness

For derivatives designated as fair value hedges changes in tbe fair value of derivatives along with the loss or gain on the hedged asset or liability that is attributable to the hedged risk are recorded in current period earnings

The Company does not use derivatives for trading or speculative purposes

Treasury Stock

Common stock shares repurchased are recorded at cost Cost of shares retired or reissued is determined using tbe first-in first-out method

Trust Assets

Trust assets (other than cash deposits) held by the Bank in fiduciary or agency capacities for its customers are not included in tbe accompanying consolidated balance sheets since such items are not assets of the Bank

Transfers of Financial Assets

Transfers of financial assets are accounted for as sales when control over the assets has been surrendered Control over transfi red assets is deemed to be surrendered when (1) the assets have been isolated from the Company-put presumptively beyond the reach of the transferor and its creditors even in bankruptcy or other rerivership (2) the transferee obtains tbe right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets and (3) tbe Company does not 11aintain effective control over the transferred assets through an agreement to repurchase them before tbeir maturity or tbe ability to unilaterally cause the holder to return specific assets

1 5

Income Taxes

Lincoln Bancorp and Subsidiaries Notes to Consol idated Financial Statements

December 3 1 2 0 1 4 and 2 0 1 3

The Company accounts for income taxes in accordance with income tax accounting guidance (ASC 740 Income Taxes) The income tax accounting guidance results in two components of income tax expense current and deferred Current income tax expense reflects taxes to be paid or refunded for the current period by applying the provisions of the enacted tax law to the taxable income or excess of deductions over revenues The Company determines deferred income taxes using the liability (or balance sheet) method Under this method the net deferred tax asset or liability is based on the tax effects of the differences between the book and tax bases of assets and liabilities and enacted changes in tax rates and laws are recognized in the period in which they occur Deferred income tax expense results from changes in deferred tax assets and liabilities between periods Deferred tax assets are reduced by a valuation allowance if based on the weight of evidence available it is more likely than not that some portion or all of a deferred tax asset will not be realized

Tax positions are recognized if it is more likely than not based on the technical merits that the tax position will be realized or sustained upon examination The term more likely than not means a likelihood of more than 50 percent the terms examined and upon examination also include resolution of the related appeals or litigation processes if any A tax position that meets the more-likely-than-not recognition threshold is initially and subsequently measured as the largest amount of tax benefit that has a greater than 50 percent likelihood of being realized upon settlement with a taxing authority that has full knowledge of all relevant information The detennination of whether or not a tax position has met the more-likely-than-not recognition threshold considers the facts circumstances and infonnation available at the reporting date and is subject to managements judgment With a few exceptions the Company is no longer subject to US federal state and local or non-US income tax examinations by tax authorities for years before 201 1

The Company recognizes interest and penalties on income taxes as a component of income tax expense

Comprehensive Income

Comprehensive income consists of net income and other comprehensive income net of applicable income taxes Other comprehensive income includes unrealized appreciation (depreciation) on available-for-sale securities and unrealized and realized gains and losses in derivative financial instruments that qualify for hedge accounting

Reclassification

Certain amounts included in the prior year financial statements have been reclassified with no effect on net income or stockholders equity to confonn with the current year presentation

Note 2 Restriction on Cash and D u e F rom Banks

The Bank is required to maintain reserve funds in cash andor on deposit with the Federal Reserve Bank The reserve required at December 3 1 2014 and 2013 was $503000 and $441000 respectively

1 6

N ote 3



Securities

The amortized cost and approximate fair values together with gross unrealized gains and losses of securities are as follows

December 31 2014 Gross Gross

Amortized Unrealized Unrealized

Cost Gains Losses Fair Value

Debt Securities US government agencies $ 24661642 $ 146957 $ (229600) $ 24578999 Collateralized mortgage obligations 8544528 59164 (91708) 8511983 Government-sponsored

mortgage-backed securities 25912441 285037 (175139) 26022339 State and political subdivisions 65655290 3313635 (504920) 68464005

$ 124773901 $ 3804793 $ (1001367) $ 127577326




Debt Securities US government agencies $ 25990349 $ 478901 $ (664750) $ 25804500 Colateralized mortgage obligations 9520254 23142 ( 124685) 9418711 Government-sponsored


$ 149691439 $ 2698884 $ (3595256) $ 148795067

The amortized cost and fair value of available-for-sale securities at December 31 2014 by contractual maturity are shown below Expected maturities will differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties

1 7

Within one year One to five years Five to ten years After ten years

Lincoln Bancorp and Subsidiaries N otes to Conso lidated Financial Statements

Decem ber 31 2014 and 2013

Amortized Cost

$ 3548156 6042296

47102698 33623782 90316932

Collateralized mortgage obligations 8544528 Government-sponsored mortgage-backed secnrities 25912441

$ 124773901

Fair Value

$ 3566239 6183529

48477033 34816203 93043004

8511983 26022339

$ 127577326

The carrying value of securities pledged as collateral to secure public deposits and for other purposes was $83734090 at December 3 1 2014 and $43385696 at December 3 1 2013

The book value of securities sold under agreements t o repurchase amounted t o $35012801 and $3 1 133154 at December 3 1 2014 and 2013 respectively

Gross gains of $657856 and $5625 and gross losses of $20771 and $ 13365 resulting from sales of available-for-sale securities were realized for 2014 and 2013 respectively

Certain investments in debt secmities are reported in the financial statements at an amount less than their historical cost Total fair value of these investments at December 31 2014 and 2013 was $36780196 and $64560974 which is approximately 29 and 43 respectively of the Companys available-for-sale investment portfolio These declines primarily resulted from recent changes in market interest rates

Management believes the declines in fair value for these secmities are tempora1y

The following table shows the Companys investments gross unrealized losses and fair value of the Companys investments with unrealized losses that are not deemed to be other-than-tempora1ily impaired aggregated by investment class and length of time that individual secmities have been in a continuous unrealized loss position at December 3 1 2014 and 2013

December 31 2 0 1 4

Less than 1 2 Months 1 2 Months or More Total Unrealized Unrealized Unrealized

US government agencies

Collateraiized mortgage obligations

Government-sponsored

mortgage-backed securities

State and political subdivisions

Total temporarily impaired securities

Fair Value

$ $

$ $

Losses Fair Value

$ 9770400

3864421

8692030

14453346

$ 36780196

1 8

Losses Fair Value Losses

$ (229600) $ 9770400 $ (229600) (91708) 3864421 (91708)

(175139) 8692030 (175139)

(504920) 14453346 (504920)

$ (1001367) $ 36780196 $ (1001367



December 31 2013

Less than 12 Months 12 Months or More

Unrealized Unrealized

Fair Value Losses Fair Value Losses

Available-for-Sale Securities US government agencies $ 9335250 $ (664750) $ $ Collateralized mortgage obligations 4288578 (124685)


mortgage-backed securities 34910709 (792234)

State and political subdivisions 12969775 (1508601) 3056662 (504986)

Total temporarily impaired securities $ 61504312 $ (3090270) $ 3056662 $ (504986)

Other investments at December 3 1 2014 and 2013 are as follows

Federal Home Loan Bank stock Bankers Bank stock Investment in Lincoln Bancorp Capital Trust II Other

Note 4 Loans and Allowance for Loan Losses

Classes of loans at December 3 1 include

Agricultural Agricultural real estate Commercial Commercial real estate Consumer real estate Consumer and other

Total loans

Less Net deferred loan fees premiums and discounts Allowance for loan losses

Net loans

1 9

2014

$ 6 104900 195300 279208

10500

$ 6589908

2014

$ 86305726 81738436 65064323

261734692 99492248

8998376 603333801

(295183) 6450169

$ 597178815

Total

Unrealized

Fair Value Losses

$ 9335250 $ (664750)

4288578 (124685)

34910709 (792234)

16026437 (2013587)

$ 64560974 $ (3595256)

2013

$ 5431100 195300 279196

10500

$ 5916096

2013

$ 73238784 77515797 49210426

184444404 78159900

7223712 469793023

(385757) 5623786

$ 464554994

Lincoln Bancorp and Subsidiaries Notes to Consol idated F inancial Statements

D ecember 3 1 2 0 1 4 and 2 0 1 3

The following tables present the balance in the allowance for loan losses and the recorded investment in loans based on portfolio segment and impairment method as of December 3 1 2014 and 2013

2014

Agricultural Commercial Consumer Consumer

Agricultural Real Estate Commercial Real Estate Real Estate and Other Total

Allowance for Joan losses

Balance beginning of year $ 770062 s 153681 $ 2029398 s 1 950299 $ 635891 s 84455 s 5623786

Provision charged to expense 214040 24406 (586305) 1721182 (302846) 220523 1291000

Losses charged off (473851) (86242) (7548) (102784) (670425)

Recoveries 25000 150758 7904 1299 20847 205808

Balance end of year $ 1 009102 $ 178087 $ 1 120000 s 3593143 s 326796 $ 223041 $ 6450169

Ending balance

Individually evaluated for

impainnent $ 8935 s 1 723 s 408336 $ 731291 $ 120822 $ 3376 $ 1 274483

Ending balance

Collectively evaluated for

impairment s 1000167 $ 176364 $ 7 1 1 664 $ 2861852 $ 205974 s 2 19665 s 5175686

Loans

Ending balance $ 86305726 $ 81 738436 $ 65064323 s 261734692 $ 99492248 s 8998376 $ 603333801

Ending balance


impairment s 59570 $ 1 1489 s 2632956 s 6078 101 $ 1031139 s 2251 6 s 9835771

Ending balance


impainnent $ 86246 156 $ 81726947 s 62431367 $ 255656591 s 98461109 $ 8975860 s 593498030

20


Ralance beginning of year

Provision charged to expense

Losses charged off

Recoveries

Balance end of year

Ending balance


impairment

Ending balance


impairment

Loans


December 3 1 201 4 and 2 0 1 3

2013

Agricultural Commercial Consumer

Agricultural Real Estate Commercial Real Estate Real Estate

s 655667 s 88374 $ 21 80440 s 171 6530 s 458970

1 14395 65307 (49380) 292400 3 1 1 677

(131929) (58631) (134797)

30267 41

$ 770062 s 153681 $ 2029398 $ 1950299 $ 635891

s s 38608 $ 1052013 $ 314645 s 292836

s 770062 $ J 1 5073 s 977385 s 1635654 s 343055

Consumer

and Other Total

$ 77630 $ 51776 1 1

41 703 776102

(58574) (38393 1)

23696 54004

s 84455 $ 5623786

s s 1 698102

$ 84455 $ 3925684

Ending balance s 73238784 $ 77515797 s 49210426 s 1 84444404 s 78159900 $ 7223712 s 469793023

Ending balance


impainnent $ s 157108 s 6937889 s 1601405 s 1313216 s s 10009618

Ending balance


impairment s 73238784 s 77358689 $ 42272537 $ 182842999 $ 76846684 s 72237 1 2 s 459783405

Internal Risk Categories

Loan grades are numbered 1 through 7 Grades 1 through 4 are considered satisfactory grades The grade of 5 or VI atch represents loans of lower quality and is considered ciiticized The grades of 6 or Substandard and 7 or Doubtful refer to assets that are classified The use and application of these grades by the bank will be uniform and shall conform to the Companys policy

Highest Quality (1) Loans of the highest quality with less than nonnal credit Iisk Loans to borrowers with a sound financial condition which reflects good liquidity a sound capital position and a history of excellent performance In all cases the borrower exhibits more than one source of repayment Loans within this internal rating may air be supported by readily marketable collateral

Superior Quality (2) Loans which possess a generally sound financial condition The trend in financial indicators is generally constant In all cases the borrower exhibits more than one source of repayment In general these loans are of good quality with acceptable financial conditions and reasonable credit Iisks

21


December 3 1 20 1 4 and 2 0 1 3

Satisfactory Quality (3) Loans with higher levels of credit risk but where the borrower still exhibits the potential to liquidate the loan The potential for additional problems exist in these loans and they may lack a secondary source of repayment

Average Quality (4) Loans in this class have smaller margins of debt coverage and other elements of reduced strength such as declining trends or a potential loss year These loans would however be satisfactory in other measurable areas and in general could obtain financing elsewhere upon request

Vatch (5) Loans in this category are currently adequately collateralized but the financial performance of the borrower has shown a downturn and needs to improve in order to generate sufficient cash flow for overall performance Loans in this category will remain at this rating for a limited time (12 - 24 months maximum) as the performance needs to improve or the loan will be downgraded to a 6 or substandard rating

Substandard (6) Loans with inadequate financial condition not meeting our Companys credit standards andor ability to meet scheduled payments Loss is possible Loans in this categ01y will be transferred to nonaccrual status with interest charged off if past due 90 days or more unless well secured and in the process of collection

Doubtful (7) Loans with a weak financial condition making collection in full improbable The possibility of principal loss is high but because of certain important and reasonably specific pending factors full charge off is deferred until more exact status can be detennined A partial charge-off of principal may occur to more clearly exhibit the true value of the asset Loans in this category are on nonaccrual status and interest charged off

Risk characteristics applicable to each segment of the loan portfolio are described as follows

Agricultural and agricultural real estate loans are subject to underwriting standards and processes similar to commercial loans The Company provides a wide range of agricultural loans including lines of credit for working capital and operational purposes and term loans for the acquisition of real estate facilities equipment and other purposes Approval is generally based on the following factors

bull Sufficient cash flow to support debt repayment bull Ability and stability of current management of the borrower bull Positive earnings and frnancial trends bull Earnings projections based on reasonable assumptions bull Financial strength of the industry and business bull Value and marketability of collateral

Collateral for agricultural loans generally includes accounts receivable invent01y (typically grain or livestock) and equipment Collateral for agricultural real estate loans is generally real estate and improvements The lending policy specifies approved collateral types and corresponding maximum advance percentages The value of collateral pledged on loans typically exceeds the loan amount by a margin sufficient to absorb potential erosion of ils value in the event of foreclosure and cover the loan amount plus costs incurred to convert it to cash

22


December 3 1 20 1 4 and 201 3

The lending policy specifies maximum tenn limits for agricultural loans For agiicultural real estate term loans the maximum term is 25 years The lending policy includes guidelines for real estate appraisals including minimum appraisal standards based on certain transactions Vhere the purpose of the loan is to finance depreciable equipment the term loan generally does not exceed the estimated useful life of the asset For lines of credit the typical maximum term is 365 days However longer maturities may be approved ifthe loan is secured by readily marketable collateral

In addition the Company often takes personal guarantees to help assure repayment Loans may be made on an unsecured basis ifwaiTanted by the overall financial condition of the bon-ower For commercial and commercial real estate loans the Company focuses on small and mid-sized businesses with primary operations in transportation warehousing and manufacturing as well as serving building contractors business services companies health care providers financial organizations and retailers The Company provides a wide range of commercial loans including lines of credit for working capital and operational purposes and term loans for the acquisition of real estate facilities equipment and other purposes Approval is generally based on the following factors

bull Sufficient cash flow to support debt repayment bull Ability and stability of current management of the bon-ower bull Positive earnings and financial trends bull Earnings projections based on reasonable assumptions bull Financial strength of the industry and business bull Value and marketability of collateral

Collateral for commercial loans generally includes accounts receivable inventory and equipment Collateral for commercial real estate loans is generally real estate and improvements The lending policy specifies approved collateral types and c01Tesponding maximum advance percentages The value of collateral pledged on loans iypically exceeds the loan amount by a margin sufficient to absorb potential erosion of its value in the event of foreclosure and cover the loan amount plus costs incurred to convert it to cash

The lending policy specifies maximum term limits for commercial loans For commercial nonreal estate term loans the maximum term is 7 years For commercial real estate tenn loans the maximum terrn is 25 years The lending policy includes guidelines for real estate appraisals including minimum appraisal standards based on certain transactions Where the purpose of the loan is to finance depreciable equipment the term loan generally does not exceed the estimated useful life of the asset For lines of credit the typical maximum term is 365 days However longer maturities may be approved ifthe loan is secured by readily marketable collateral

In addition the Company often takes personal guarantees to help assure repayment Loans may be made on an unsecured basis if wan-anted by the overall financial condition of the b01Tower

23

Lincoln Bancorp and S ubsidiaries Notes to Consolidated Financial Statements

Decem ber 3 1 2 0 1 4 and 2 0 1 3

In some instances for all loans it may b e appropriate to originate or purchase loans that are exceptions to the guidelines and limits established within the lending policy described above and below In general exceptions to the lending policy do not significantly deviate from the guidelines and limits established within the lending policy and ifthere are exceptions they are clearly noted as such and specifically identified in loan approval documents

Many of the consumer real estate loans underwritten by the Company conform to the underwriting requirements of Fannie Mae or other secondary market aggregators to allow the Bank to resell loans i n the secondary market The subsidiary bank structures most loans that will not conform t o those underwriting requirements as adjustable rate mortgages that mature or adjust in one to five years and then retains these loans in the Banks portfolio Servicing rights are not retained on the residential real estate loans sold in the secondary market The lending policy establishes minimum appraisal and other credit guidelines

The Company provides many types of consumer and other loans including motor vehicle home improvement home equity siguature loans and small personal credit lines The lending policy addresses specific credit guidelines by consumer loan type

For consumer real estate loans and consumer and other loans these large groups of smaller balance homogenous loans are collectively evaluated for impairment The Company applies a quantitative factor based on historical charge-off experience in total for each of these segments Accordingly the Company generally does not separately identify individual consumer real estate loans andor consumer and other loans for impairment disclosures unless such loans are the subject of a restructuring agreement due to fmancial difficulties of the borrower

The following table presents the credit risk profile o f the Companys loan portfolio based on internal rating category and payment activity as of December 3 1 2014 and 2013

Grade Pass (1-4) Watch (5) Substandard ( 6) Doubtful (7)

Delinquency status Performing Nonperforming

Agricultural

$ 86246156

59570

$ 86305726

Agricultural

Real Estate

$ 81 726947

1 1 489

$ 81 738436

24

2014

Commercia l

$ 60466766 1 964601 2606288

26668

$ 65064323

Consumer

Real Estate

$ 98331305 1 1 60943

$ 99492248

Commercial

Real Estate Total

$ 248979 648 $47741 9517 6676943 8641544 6078101 8755448

26668

$ 261734692 $494843 177

Consumer

and Other Total

$ 8974157 $ 107305462 24219 1 1 85162

$ 8998376 $ 1 08490624

_ I

Agricultural

Grade Pass (1-4) Watch (5) Substandard (6) Doubtful (7)


Lincoln Bancorp and Subsidiaries Notes to Con solidated F i nancial Statements

December 31 201 4 and 201 3

201 3 Agricultural Commercial

Agricultural Real Estate Commercial Real Estate

$ 73198803 $ 77508288 $ 41 961660 $ 178656731 137045 1 768952

39981 7509 2787500 259568 4324221 3759153

$ 73238784 $ 77515797 $ 49210426 $ 184444404

Consumer Consumer

Real Estate and Other

$ 76078839 $ 7190047 2081061 33665

$ 78159900 $ 72237 12

Total

$371325482 1905997 3094558 8083374

$384409411

Total

$ 83268886 2 1 14726

$ 85383612

Performing loans are those which are accrning and less than 90 days past due Nonperforming loans are those on nonaccrnal accrning loans that are greater than or equal to 90 days past due and accruing TD Rs

The Company evaluates the loan risk grading system definitions and allowance for loan loss methodology on an ongoing basis No significant changes were made to either during the past year

The following tables present the Company s loan portfolio aging analysis of the recorded investment in loans as of December 31 2014 and 2013

201 4

Total Loans gt 90

30-59 Days 60-89 Days Days amp Nonaccrual Total Past Total Loans Past Due Past Due Accruing Loans Due Current Receivable

$ $ $ $ $ $ 86305726 $ 86305726

Agricultural real estate 81738436 8 1 738436

Commercial 1 14872 215674 209419 114717 654682 64409641 65064323

Commercial real estate 939205 615740 931866 2486811 259247881 261734692

Consumer real estate 867962 390622 76229 213889 1548702 97943546 99492248

Consumer and other 51978 3800 3420 8379 67577 8930799 8998376

Total $ 1974017 $ 1225836 $ 289068 $ 1268850 $ 4757771 $ 598576030 $ 603333801

25

Agricultural

Lincoln Bancorp and Subsidiaries N otes to Consol idated F inancial Statements

December 3 1 2 0 1 4 and 201 3

2013

Total Loans gt 90

30-59 Days 60-89 Days Days amp Nonaccrua l Total Past Past Due Past Due Accruing Loans Due

$ $ $ $ $

Total Loans Current Receivab le

$ 73238784 $ 73238784


Commercial 280097 204740 181053 560438 1226328 47984098 49210426

Commercial real estate 589472 789453 1378925 183065479 184444404


Consumer and other 23074 4257 13064 40395 7183317 7223712

Total $ 2392083 $ 533251 $ 956619 $ 1458277 $ 5340230 $ 464452 793 $ 469793023

A loan is considered impaired in accordance with the impairment accounting guidance (ASC 3 1 0- 10-35-16) when based on current information and events it is probable the Company will be unable to collect all amounts due from the b01Tower in accordance with the contractual terms of the loan Impaired loans include nonperforming commercial loans but also include loans modified in troubled debt restructurings

The following tables present impaired loans for the years ended December 3 1 2014 and 2013

2 6

Lincoln Bancorp and Subsidiaries N otes to Consolidated F inancial Statem ents

December 3 1 2 0 1 4 and 2 0 1 3

2014

Average

Unpaid Investment

Recorded Principal Specific in Im paired

Balance Balance Allowance Loans

Loans Vith a specific valuation allovance

Agricultural 59570 59570 8935 57 1 16

Agricultural real estate 1 1 489 1 1 489 1 723 1 1 490

Commercial 2632956 2712541 408336 767738


Consumer real estate 1 031139 1 057 1 14 1 20822 1 087597

Consun1er and other 22516 2251 6 3376 25509

Total loans with a specific

valuation allowance 9835771 10026754 1 274483 8896303

2013

Average

Unpaid Investment

Recorded Principal Specific in Impaired


Loans Vithout a specific valuation

allovance

Commercial $ 40000 $ 70162 $ $ 70427

Total loans Vithout a specific

valuation allovance $ 40000 $ 70162 $ $ 70427

Loans vith a specific valuation allowance


Commercial 6897889 6980003 1 052013 5629646

Commercial real estate 1601 405 4180387 3 1 4645 5665262

Consumer real estate 1 3 1 3 2 1 6 1 349473 292836 1 247266



Total

Agricultural real estate 157108 38608 1 1 5681

Commercial 6937889 7050165 1052013 5700073


Consumer real estate 1313216 1 349473 292836 1 247266

Total impaired loans $ 1000961 8 $ 12580025 $ 1698102 $ 12728282

Interest

Income

Recognized

2558

747

32385

333654

40067

1863

4 1 1 274

Interest

Income

Recognized

$ 7747

$ 7747

321474

60279

58591

440344

329221

60279

58591

$ 448091

At December 3 1 2014 all impaired loans had a specific allowance for loan losses assigned

27

Interest

Income

Cash

Basis

4746

1515

39332

344178

5 1 977

2848

444596

Interest

Income

Cash

Basis

$ 2415

$ 2415

7337

10657

256840

60577

3354 1 1

7337

13072

256840

60577

$ 337826

Lincoln Bancorp and Subsidiaries N otes to Conso l idated Financial Statements

December 3 1 20 1 4 and 2 0 1 3

At December 3 1 2014 and 2013 the Company had loans that were modified in troubled debt restructurings and impaired The modification of terms of such loans included one or a combination of the following an extension of maturity a reduction of the stated interest rate or a permanent reduction of the recorded investment in the loan

The following table presents information regarding troubled debt restructurings by class and type of concession for the years ended December 3 1 2014 and 2013

Concession - Extension of maturity Commercial Consumer real estate

Concession - Significant payment delay Commercial real estate

Concession - Extension of maturity Commercial

Concession - Significant payment delay Commercial

N umber of TD Rs

1

4

6

N u m ber of TD Rs

1

2

2014 Pre-Modification Post-M odification

Recorded Recorded Investment I nvestment

$ 17664 $ 17664 $ 25368 $ 25368

1293527 1293527

$ 1336559 $ 1336559

2013 Pre-Modification Post-Modification


$ 121968 $ 121 968

731 1 5 73 1 15

$ 195083 $ 1 95083

For the years ended December 3 1 2014 and 2013 none of the Companys TDRs have defaulted subsequent to restructure where a default is defined as a delinquency of 90 days or more andor placement on nonaccrual status

28

N ote 5

Lincoln Bancorp and Subsidiaries N otes to Consol i d ated F inancial Statements

D ecember 3 1 2 0 1 4 and 2 0 1 3

Premises and E q u i pment

Major classifications of premises and equipment stated at cost are as follows

2014

Land $ 2972735 Buildings and improvements 1 6002147 Furnitmicrore and equipment 18267451 Construction in progress 2292904

39535237 Less accumulated depreciation 1 9732640

Net premises and equipment $ 19802597

N ote 6 Derivative F inancial Instruments

2013

$ 2648835 13644840 1 7594719

33888394 18138560

$ 15 749834

In the normal course of business the Company uses various derivative financial instruments to manage its interest rate risk and market risks in accommodating the needs of its customers These instruments cany varying degrees of credit interest rate and market or liquidity risks Derivative instruments are recognized as either assets or liabilities in the accompanying financial statements and are measured at fair value

Fair Value Hedges

For derivative instruments that are designated and qualify as a fair value hedge the change in the gain or loss on the derivative as well as the offsetting change in the gain or loss on the hedged item attributable to the hedged risk are recognized in current earnings

During the year ended December 3 1 2012 the Company entered into an agreement to issue a $5000000 certificate of deposit (CD) through a broker The tenn of the CD is 15 years and bears a rate of225 It is callable beginning on January 1 8 2013 and monthly thereafter Simultaneously the Company entered into an interest rate swap as a fair value hedge This swap has a notional amount of $5000000 and matures on January 18 2028 It is subject to call The Company receives fixed rate interest of225 while paying a floating rate of l month LillOR minus 20

29

Lincoln Bancorp and Subsidiaries Notes to Consolidated Financial Statem ents

Decem ber 3 1 2 0 1 4 and 2 0 1 3

The following table identifies the balance sheet category and presents the fair values of derivative instruments designated as fair value hedges as of December 3 1 2014 and 2013

Notional Balance Sheet

Amount Fair Valu e Location M aturity

December 3 1 2014 Interest rate swap $ 5000000 $ (175322) Other liabilities 011 82028


The following tables present the effect of derivative instruments designated as fair value hedges on the statements of income for the years ended December 3 1 2014 and 2013

Fa i r Value Hedges

Interest rate swap

Cash Flow Hedges

Location of Gain (Loss)

Recognized in Income

Other Noninterest Income $

Amount of Gain (Loss)

Recognized in I ncome 2014 2013

(18196) $ 27550

The Company executed two forward-starting interest rate swap transactions on May 23 2013 One of the interest rate swap transactions has an effective date of May 23 2015 and an expiration date of May 26 2020 to effectively convert $5000000 of variable rate debt to fixed rate debt The other interest rate swap transaction has an effective date of May 23 2015 and an expiration date of May 24 2021 also to effectively convert $10000000 of variable rate debt to fixed rate debt For accounting purposes these swap transactions are designated as a cash flow hedge of the changes in cash flows attributable to changes in one-month LIBOR the benchmark interest rate being hedged associated with the interest payments made on the amount of the Banks debt p1incipal

The effective portion of the gain or loss on the derivative is reported as a component of other comprehensive income net of income taxes and reclassified into earnings in the same period or periods during which the hedged transaction affects earnings Gains and losses on the derivative representing either hedge ineffectiveness or hedge components excluded from the assessment of effectiveness are recognized in current earnings

30

Lincoln Bancorp and Subsidiaries N otes to Consol idated Financial Statements


The following table identifies the balance sheet category and presents the fair valuesmiddot of derivative instruments designated as cash flow hedges as of December 3 1 2014 and 2013

2014 Notional Balance S heet


December 3 1 2014 Interest rate swap $ 5000000 $ (90265) Other liabilities middot 05262020 Interest rate swap 10000000 (265665) Other liabilities 05242021

$ 15000000 $ (355929)

2013


Amount Fair Val u e Location M aturity

December 3 1 2013 Interest rate swap $ 5000000 $ 137909 Othediabilities 05262020 Interest rate swap 10000000 350669 Other liabilities 05242021

$ 15000000 $ 488578

N ote 7 G oodwill

The changes in the carrying amount of goodwill for the years ended December 3 1 2014 and 2013 were

2014 2013 B alance as ofJanuary 1

Goodvill 19791321 1 976$321

Goodwill acquired during the year 64001 25000

B alance as of December 3 1 $ 19855322 $ l9791321

3 1

I

N ote 8

Lincoln Bancorp and Subsidiaries N otes to Consol idated F i nancial Statements

Decem ber 3 1 2 0 1 4 and 201 3

Interest-Beari n g Time Deposits

Interest-bearing time deposits in denominations of $ 100000 or more were $ 1 12709665 and $42902978 on December 31 2014 and 2013 respectively Time deposits include brokered deposits of $50055483 and $4753000 at December 3 1 2014 and 2013 respectively

At December 31 2014 the scheduled matmities of time deposits are as follows

2015 $ 14483083 1 2016 32838389 2017 3674206 2018 2441 696 2019 3261275 Thereafter 4433000

$ 191479397

N ote 9 Securities Sold U nder Ag reements to Rep u rchase

Securities sold under agreements to repurchase which are classified as secured borrowings generally mature within one to four days from the transaction date Securities sold under agreements to repurchase are reflected at the amount of cash received in connection with the transaction The Company may be required to provide additional collateral based on the fair value of the underlying securities The obligations are secured by US government agency bonds and such collateral is held by N01ihwest Bank amp Trust Co as safekeeping agent The maximum amount of outstanding agreements at any month end during 2014 and 2013 totaled $3 1 538781 and $3 1333155 respectively and the daily average of such agreements totaled $28408404 and $27638934 for 2014 and 2013 respectively The agreements at December 3 1 2014 mature daily

32


December 3 1 2 0 1 4 and 2 0 1 3

N ote 1 0 Federal Home Loan Bank Advances

Advances from the Federal Home Loan Bank as of December 3 1 2014 and 2013 bear interest and are due as follows

Year ending December 3 1 2014 2015 201 6 2017 2018 2019 Thereafter

Total FHLB borrowings Less Deferred prepayment penalty on

modification ofFHLB advances

Total FHLB borrowings

Weighted

Average

Interest

Rate at Year End

NIA 044 217 217 275 1 60 1 37

2014

Balance Due

$ 52355406

3 63195 371155

10379290 5387603

25539635

94396284

(2921424)

$ 91474860

2013

Weighted

Average

Interest

Rate at Balance Year End Due

040 $ 3 0347783 066 15355406 2 17 3 63 195 217 371155 277 1 0379290 1 60 5387603 1 41 25539634

87744066

(3403844)

$ 84340222

The Federal Home Loan Bank advances are secured by Federal Home Loan Bank stock included in other investments on the consolidated balance sheet totaling $6104900 and $543 1 100 as of December 3 1 2014 and 2013 respectively Additionally qualifying consumer and agriculture mortgage loans of approximately $ 137669000 and $ 1 10805000 as of December 3 1 2014 and 2013 respectively are pledged as collateral on Federal Home Loan Bank advances Advances at interest rates from 30 to 304 are subject to restrictions or penalties in the event of prepayment

In the second quarter of2013 the Company repaid $27 million ofFHLB advances and replaced those advances with $27 million of new bonowings A $3685256 modification fee was association with the pay-off of the original FHLB advances which is being amortized as an adjustment of interest expense over the remaining tenn of the new FHLB advances This transaction reduced the effective interest rate as well as modified the maturity date on these bonowings

33


D ecember 3 1 2 0 1 4 and 2 0 1 3

N ote 1 1 Accumu lated Oth e r Com p rehensive Income

The following table summarizes the balances of each component of accumulated other comprehensive income (AOCI) included in stockholders equity at December 3 1 2014 and December 3 1 2013

2 0 1 4 2013

Net unrealized gain on available for sale securities $ 2838962 $ (896372) Net unrealized (loss) gain on derivatives used for cash flow hedges (355929) 488578 Tax Effect (926 1 71) 152 107

Net of Tax Amount $ 1556862 $ (255687)

Amounts reclassified from AOCI and affected line items in the statement of income during the years ended December 3 1 2014 and 2013 were as follows

Unrealized gains on available-for-sale securities

Tax Effect Total Reclassification out of OCI

Amounts reclassified from AOCI Years Ended December 31

2014

$ 637085 (237633)

$ 399452

2013 Affected line Item in the Statements of Income

$ (7 7 40) Non Interest Income ---2=887_Provision for Income Taxes (expense) benefit

$ (4853)

34

Lincoln Bancorp and S ubsidiaries N otes to Consol idated F inancial Statements

December 3 1 2 0 1 4 and 2 0 1 3

N ote 1 2 N otes Payable

Notes payable as of December 3 1 2014 and 2013 are as follows

2014

Note payable bank fixed 346 interest principal payments due semi-annually of$98958 plus interest with final payment due December 15 2015 collateralized by shares ofLincoln Savings B ank $ Note was paid in full in 2014

Note payable bank fixed 358 interest payments due quarterly of $ 19387 with final payment due July 3 1 2015 collateralized by shares of the Company held by Lincoln Bancorp Employee Stock Ownership Trust Note was paid in full in 2014

Note payable bank fixed 390 interest payments due quaiierly of $15195 with final payment due September 30 2016 collateralized by shares of the Company held by Lincoln Bancorp Employee Stock Ownership Trust Note was paid in full in 2014

Note payable bank fixed 325 interest interest payments due semiannually of $16205 with final principal and interest payment due December 29 2015 collateralized by shares of Lincoln Savings Bank (A) 2000000

Line of credit bank variable (WSJ Prime Rate) 325 interest interest payments due quarterly of $24308 with final principal and interest payment due December 29 2015 collateralized by shares ofLincon Savings Bank (A) 3000000

$ 5000000

2 0 1 3

$ 1 385417

522002

490059

$ 2397478

(A) The Company has a credit agreement with this note holder that contains various covenants These covenants primarily consist of capital to asset ratio return on assets ratio and restrictions on the payment of dividends

35


December 3 1 2 0 1 4 and 20 1 3

N ote 1 3 J unior Subordinated Debentu res

Junior subordinated debentures are due to Lincoln Bancorp Capital Trust II a 100-owned nonconsolidated subsidiary of the Company The debentures were issued on June 21 2007 in conjunction with the Trusts issuance of9000000 shares of Company Obligated Mandatorily Redeemable Preferred Securities The debentures bear the same interest rate and terms as the preferred securities The preferred securities provide for cumulative cash distributions calculated at a rate equal to the 3-month Lill OR rate of interest plus one hundred forty-four (144) basis points (168 at December 3 1 2014) The maximum rate of interest payable will be no higher than that allowed by New York state law The Company may at one or more times defer interest payments on the debentures for up to 20 consecutive quarters but not beyond September 15 2037 At the end of the deferral period all accumulated and unpaid distributions will be paid The securities will be redeemed no later than September 15 2037 The securities will be redeemed at par value Holders of the securities have no voting rights are unsecured and rank junior in priority of payments to all of the Companys indebtedness and senior to the Companys capital stock The debentures are included on the balance sheets as liabilities however for regulatory purposes are allowed in the calculation of Tier 1 Capital as of December 3 1 2014 and 2013 subject to certain limitations

N ote 1 4 Income Taxes

The provision for income taxes includes these components

201 4 20 1 3

Taxes currently payable $ 2124442 $ 1217196

Deferred income taxes 30992 134720

Income tax expense (credit) $ 2155434 $ 1 351 916

36


D ecember 3 1 2 0 1 4 and 201 3

A reconciliation of income tax expense at the statutory rate to the Companys actual income tax expense is shown below

2 0 1 4 201 3

Computed at the statutory rate (34) $ 2772723 $ 2 106659

Increase (decrease) resulting from

Tax-exempt income (608085) (641729) State income taxes net 275430 1 85567

Interest expense limitation 26839 37446

Key person life insurance (143490) (125150) ESOP dividends (86414) (75959) Low-income housing credit (79365) (79365) Other net (2204) (55553)

Actual tax expense (credit) $ 2155434 $ 1 35 1 9 1 6

The tax effects o f temporary differences related to deferred taxes shown on the consolidated balance sheets were

20 1 4 201 3

Deferred tax assets

Allowance for loan losses $ 2405913 $ 2097672

Deferred compensation 1 439708 1 268922

Other 161 216 121098

Unrealized losses on available-for-sale securities 334347

Unrealized losses on derivative transactions 1 19506

4 126343 3822039

Deferred tax liabilities

Property and equipment 1 160048 1 107291

Prepaid expenses 235740 210568

Deferred loan fees 80652 100746

Goodvvill 3127366 2823561

Unrealized gains on available-for-sale securities 1 045678

Unrealized gains on derivative transactions 1 82240

5649484 4424406

Net deferred tax liability $ (1 523141) $ (602367)

37

Lincoln Bancorp and Subsidiaries Notes to Conso l idated Financial Statements

December 3 1 2 0 1 4 and 2 0 1 3

N ote 1 5 Reg u l atory Matters

The Company and the Bank are subject to various regulatory capital requirements administered by the federal banking agencies Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that if undertaken could have a direct material effect on the Companys and the Banks financial statements Under capital adequacy guidelines and the regulatory framework for prompt corrective action the Company and the Bank must meet specific capital guidelines that involve quantitative measures of assets liabilities and certain off-balance-sheet items as calculated under regulatory accounting practices The capital amounts and classification are also subject to qualitative judgments by the regulators about components risk weightings and other factors Fmihermore the Company and Banks regulators could require adjustments to regulatory capital not reflected in these financial statements

Quantitative measures established by regulation to ensure capital adequacy require the Company and the Bank to maintain minimum amounts and ratios (set forth in the table below) of total and Tier I capital (as defined in the regulations) to risk-weighted assets (as defined) and of Tier I capital (as defined) to average assets (as defined) Management believes as of December 3 1 2014 and 2013 that the Company and the Bank meet all capital adequacy requirements to which they are subject

As of December 3 1 2014 the most recent notification from FDIC categorized the Bank as well capitalized under the regulatory framework for prompt corrective action To be categorized as wellshycapitalized the Bank must maintain capital ratios as set forth in the table There are no conditions or events since that notification that management believes have changed the Banks category

38


December 3 1 2 0 1 4 and 2 0 1 3

The Companys and the Banks actual capital amounts and ratios are also presented in the following table

Min imum to Be Wel l

Capitalized U nder Min imum Capital P rompt Corrective

Actual Requirement Action Provisions Amount Ratio Amount Ratio Amount Ratio

As of December 3 1 2014 Total Capital

(to Risk-Weighted Assets) Consolidated $ 60 101 92 $ 52503 80 NIA NIA Lincoln Savings Bank 65137 102 51 3 1 1 80 $ 64139 1 00

Tier I Capital (to Risk-Weighted Assets)

Consolidated 53651 82 26252 40 NIA NIA Lincoln Savings Bank 58687 92 25656 40 38483 60

Tier I Capital (to Average Assets)

Consolidated 53651 68 3 1 445 40 NIA NIA Lincoln Savings Bank 58687 76 30829 40 38536 50


(to Risk-Weighted Assets) Consolidated $ 54527 109 $ 40 143 80 NIA NIA Lincoln Savings Bank 5623 1 1 1 5 38971 80 $ 48714 1 00


Consolidated 48903 98 20071 40 NIA NIA Lincoln Savings Bank 50607 1 04 19486 40 29228 60



The Company and Bank are subject to certain restrictions on the amount of dividends that it may declare without prior regulatory approval They may not pay dividends which would reduce capital below the minimum requirements shown above

39

Lincoln Bancorp and Subsidiaries N otes to Consol i d ated F i n a n cial Statements

December 3 1 2 0 1 4 a n d 20 1 3

N ote 1 6 Related Party Transactions

At December 3 1 2014 and 2013 the Bank had loans outstanding to employees principal officers and directors and their affiliates in the amount of$7910124 and $4070 153 respectively During the year ended December 3 1 2014 and 2013 respectively total principal additions were $7 1 1 6463 and $4418169 and total principal payments were $3276492 and $3998262

In managements opinion such loans and other extensions of credit and deposits were made in the ordinary course of business and were made on substantially the same terms (including interest rates and collateral) as those prevailing at the time for comparable transactions with other persons Further in managements opinion these loans did not involve more than nonnal risk of collectability or present other unfavorable features

Deposits from related parties held by the Bank at December 3 1 2014 and 2013 totaled $ 193 1 6559 and $ 1 8386240 respectively

N ote 1 7 E m p l oyee Benefit P lans

The Company has an employee stock ownership plan (the Plan) and a related trust to provide retirement benefits to its employees

In 2007 the Plan borrowed $291 666 from the Company to purchase shares of Lincoln Bancorp stock from teiminated plan participants This loan matures December 25 2017 and bears an interest rate of 475 The loan is collateralized by 838068 shares of Lincoln Bancorp stock The loan balance at December 3 1 2014 and 2013 was $ 100405 and $130834 respectively The loan balance is reflected in the accompanying consolidated balance sheet as unearned ESOP shares

In 2008 the Plan borrowed $163040 from the Company to purchase shares of Lincoln Bancorp stock from terminated participants This loan matures September 15 201 8 and bears an interest rate of 475 The loan is collateralized by 465329 shares of Lincoln Bancorp stock The loan balance at December 3 1 2014 and 2013 was $67472 and $84340 respectively The loan balance is reflected in the accompanying consolidated balance sheet as unearned ESOP shares

In 2009 the Plan borrowed $738500 from a commercial bank to purchase 2 1 1 shares of Lincoln Bancorp stock Total borrowings on this note payable were $0 and $522002 as of December 3 1 2014 and 2013 respectively This loan matured July 3 1 2012 bearing an interest rate of 495 and was refinanced with an interest rate of358 and new maturity date of July 3 1 2015 This loan was paid off as of December 3 1 2014 The borrowings are described in Note 11 The note balances at December 3 1 2014 and 2013 have been reflected in the accompanying consolidated balance sheets as notes payable by the same amount

In 2010 the Plan borrowed $21 1 990 from the Company to purchase shares of Lincoln Bancorp stock from te1minated participants This loan matures September 30 2020 and bears an interest rate of 475 The loan is collateralized by 597082 shares of Lincoln Bancorp stock The loan balance at December 3 1 2014 and 2013 was $ 134 154 and $153729 respectively The loan balance is reflected in the accompanying consolidated balance sheet as unearned ESOP shares

40

Lincoln Bancorp and Subsidiaries Notes to Consol i dated Financial Statements

D ecember 3 1 20 1 4 a n d 201 3

In 201 1 the Plan borrowed $579501 from the Company to purchase shares of Lincoln Bancorp stock from tenninated participants This loan matures September 21 2021 and bears an interest rate of 475 The loan is collateralized by 1 59 7404 shares of Lincoln Bancorp stock The loan balance at December 31 2014 and 2013 was $420235 and $471868 respectively The loan balance is reflected in the accompanying consolidated balance sheet as unearned ESOP shares

In 2013 the Plan borrowed $500000 from a commercial bank to purchase shares of Lincoln Bancorp stock Total bo1rowings on this note payable were $0 and $490059 as of December 3 1 2014 and 2013 respectively This loan was paid off as of December 3 1 2014 The borrowings are described in Note 11 The note balances at December 3 1 2014 and 12013 have been reflected in the accompanying consolidated balance sheets as notes payable by the same amount

In 2014 the Plan borrowed $874198 from the Company to purchase shares of Lincoln Bancorp stock from terminated participants This loan matures June 29 2024 and bears an interest rate of 3 90 The loan is collateralized by 214 153 shares of Lincoln Bancorp stock The loan balance at December 3 1 2014 and 2013 was $855667 and $0 respectively The loan balance is reflected in the accompanying consolidated balance sheet as unearned ESOP shares

In 20 14 the Plan b01rowed $921 132 from the Company to pay off notes to a commercial bank This loan matures December 3 0 2024 and bears an interest rate of 3 25 The loan is collateralized by 2544947 shares of Lincoln Bancorp stock The loan balance at December 3 1 2014 and 2013 was $906019 and $0 respectively The loan balance is reflected in the accompanying consolidated balance sheet as unearned ESOP shares

In 2014 the Plan borrowed $600000 from the Company to purchase shares ofLincoln Bancorp stock This loan matures December 30 2044 and bears an interest rate of 325 The loan is collateralized by 1469825 shares of Lincoln Bancorp stock The loan balance at December 3 1 2014 and 2013 was $600000 and $0 respectively The loan balance is reflected in the accompanying consolidated balance sheet as unearned ESOP shares

The Company makes annual contributions to the ESOP equal to the ESOPs debt service less dividends received by the ESOP All dividends received by the ESOP are used for debt service Company contributions to the Plan are allocated based on the participant compensation in relation to total compensation for all participants Forfeited balances of terminated pa1iicipants nonvested account balance may be used to reinstate previously forfeited account balances of former participants satisfy any contribution that may be required or pay any administrative expenses of the Plan with any remaining forfeitures allocated among the participant accounts in a similar manner as employer contributions The Plan follows a vesting schedule with paiiicipants being fully vested in their account balance after six years The Bank contributed $579314 and $532248 to the trust for the years ended December 3 1 2014 and 2013 respectively

In the event a terminated plan participant desires to sell his or her shares of the Companys stock or for certain employees who elect to diversify their account balances the Company may be required to purchase the shares from the participant at their fair market value During the years ended December 3 1 2014 and 2013 the Company purchased no shares from the Plan The fair value of ESOP shares is based on an independent ammal appraisal This contingent repurchase liability totaled approximately $ 1 1 367300 and $10356000 at December 3 1 2014 and 2013 respectively

4 1

Lincoln Bancorp and Subsidiaries N otes to Conso l i d ated F i nancial Statem ents

December 3 1 2 0 1 4 a n d 2 0 1 3

Shares of common stock held by the ESOP at December 3 1 2014 and 2013 are as follows

Allocated shares

Shares released for allocation

Unreleased (unearned) shares

Ending ESOP shares

Approximate fair value of unreleased (unearned shares) $

2014

2575

75

759

3409

3098238

20 1 3

2648

56

473

3 177

$ 1 8 1 1 590

The Bank and the Company have also entered into supplemental income and defened compensation agreements with some of its directors and key executives which provide for an annual retirement benefit commencing at age 65 The present value of the estimated liability under the agreements is being accrued over the years required to attain full eligibility as provided in the contract and is included in accrued expenses and other liabilities At December 3 1 2014 and 2013 $4019960 and $3714274 respectively has been accrued under these agreements Expense attributable to these agreements totaled $393295 and $304340 for the years ended December 3 1 2014 and 2013 respectively Payments totaled $ 1 0200 and $12900 for the years ended December 3 1 2014 and 2013 respectively

N ote 1 8 Disclosures About Fair Val u e of Assets a n d Liabi l ities

Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date Fair value measurements must maximize the use of observable inputs and minimize the use of unobservable inputs There is a hierarchy of three levels of inputs that may be used to measure fair value

Level 1 Quoted pdces in active markets for identical assets or liabilities

Level 2 Observable inputs other than Level 1 pdces such as quoted pdces for similar assets or liabilities quoted pdces in markets that are not active or other inputs that are observable or can be conoborated by observable market data for substantially the full term of the assets or liabilities

Level 3 Unobservable inputs supported by little or no market activity and are significant to the fair value of the assets or liabilities

42

Lincoln Bancorp and Subsidiaries N otes to Consol i d ated Financial Statements

December 3 1 2 0 1 4 and 2 0 1 3

Recurring Measurements

The following table presents the fair value measurements of assets and liabilities recognized in the accompanying balance sheets measured at fair value on a recurring basis and the level within the fair value hierarchy in which the fair value measurements fall at December 3 1 2014 and 201 3

US government agencies Collateralized mortgage

obligations Government-sponsored

mortgage-backed securities State and political subdivision Interest rate swap liability

US government agencies Colateralized mortgage


mortgage-backed securities State and political subdivisions Interest rate swap asset Interest rate swap liability

Fair Value

$ 24578999

85 1 1 983

26022339 68464005

(53 125 1)

Fair Value

$ 25804500

941871 1

40582910 72988946

488578 (599974)

$

$

2014 Fair Value Measurements Using

Quoted

Prices in

Active Significant

M arkets for Other Significant Identical Observable Unobservable

Assets Inputs Inputs (Level 1 ) (Level 2) (Level 3)

$ 24578999 $

851 1983

26022339 68464005

(53 1251)

2013 Fair Value M easurements Using

Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

43

Significant

Other

Observable

Inputs (Level 2)

$ 25804500

94187 1 1

40582910 72988946

488578 (599974)

$

Sign ificant

Unobservable

I n puts (Level 3)

Lincoln Bancorp and Subsidiaries N otes to Consol i dated F i nancial Statements

December 3 1 2 0 1 4 a n d 2 0 1 3

Following is a description of the valuation methodologies and inputs used for assets and liabilities measured at fair value on a recurring basis and recognized in the accompanying balance sheets as well as the general classification of such assets pursuant to the valuation hierarchy There have been no significant changes in the valuation techniques dming the year ended December 3 1 2014 For assets classified within Level 3 of the fair value hierarchy the process used to develop the reported fair value is described below

Available-for-Sale Securities

Where quoted market prices are available in an active market securities are classified within Level 1 of the valuation hierarchy If quoted market prices are not available then fair values are estimated by using quoted prices of securities with similar characteristics or independent asset pricing services and pricing models the inputs of which are market-based or independently sourced market parameters including but not limited to yield curves interest rates volatilities prepayments defaults cumulative loss projections and cash flows Such securities are classified in Level 2 of the valuation hierarchy In certain cases where Level 1 or Level 2 inputs are not available secmities are classified within Level 3 of the hierarchy

Interest Rate Swap Agreements

The fair value is estimated using fo1ward-looking interest rate curves and is calculated using discounted cash flows that are observable or that can be c01Toborated by observable market data and therefore are classified within Level 2 of the valuation hierarchy

Nonrecurring Measurements

The following table presents the fair value measurement of assets measured at fair value on a nonrecurring basis and the level within the fair value hierarchy in which the fair value measurements fall at December 3 1 2014 and 2013

Fair Valu e

Impaired loans $ 8561288 $

Fair Value Measurements Using

Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

44

$

Significant

Other

Observable I nputs

(Level 2)

2013

$

Significant

Unobservable I n p uts

Level 3)

8561288

Lincoln Bancorp and Subsidiaries N otes to Consol id ated F i nancial Statem ents

December 3 1 2 0 1 4 and 201 3

Fair Value M easu rements U sing

Fair Value

Impaired loans $ 83 1 1516 $

Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

$

Significant

Other

Observable

I nputs (Level 2)

$

Significant

U nobservable

Inputs (Level 3)

83 1 1516

Following is a description of the valuation methodologies and inputs used for assets measured at fair value on a nonrecuning basis and recognized in the accompanying balance sheet as well as the general classification of such assets pursuant to the valuation hierarchy For assets classified within Level 3 of the fair value hierarchy the process used to develop the reported fair value is described below

Collateral-Dependent Impaired Loans Net of Allowance for Loan Losses

The estimated fair value of collateral-dependent impaired loans is based on the appraised fair value of the collateral less estimated cost to sell Collateral-dependent impaired loans are classified within Level 3 of the fair value hierarchy

The Company considers the appraisal or evaluation as the starting point for determining fair value and then considers other factors and events in the environment that may affect the fair value Appraisals of the collateral underlying collateral-dependent loans are obtained when the loan is determined to b e collateralshydependent and subsequently as deemed necessary by management Appraisals are reviewed for accuracy and consistency by management Appraisers are selected from the list of approved appraisers maintained by management The appraised values are reduced by discounts to consider lack of marketability and estimated cost to sell if repayment or satisfaction of the loan is dependent on the sale of the collateral These discounts and estimates are developed by management by comparison to historical results

45

Lincoln Bancorp and Subsidiaries N otes to Consol idated F i n ancial Stateme nts

December 3 1 2 0 1 4 and 2 0 1 3

Fair Value of Financial Instruments

The following table presents estimated fair values of the Companys financial instruments at December 3 1 2014 and 2013

2014 2013 Carrying Carrying

Amount Fair Value Amount Fair Val u e

Financial Assets Cash and cash equivalents $ 1 649935 1 $ 1 6499351 $ 14900983 $ 14900983 Other investments 6589908 6589908 5916096 59 1 6096 Loans held for sale 7912120 7912120 6402107 6402 107 Loans net of allowance

for losses 597 1788 15 595227712 464554994 464598495 Interest receivable 5076794 5076794 4700657 4700657

Financial Liabilities Deposits 606967372 606667 121 499015 13 1 499262891 Federal funds purchased 4442000 4442000 Securities sold under agreements

to repurchase 2858253 1 2858253 1 3 1 333154 3 1 333154 Federal Home Loan Bank

advances 91 474860 94822734 84340222 86615922 Notes payable 5000000 5000000 2397478 23 89712 Junior subordinated debentures 9279000 9279000 9279000 9279000 Interest payable 208638 208638 170928 1 70928 Off-balance sheet instruments

Loan commitments Standby letters of credit

The following methods were used to estimate the fair value of all other financial instruments recognized in the accompanying balance sheets at amounts other than fair value

Cash and Cash Equivalents

The carrying amount approximates fair value

Loans Held For Sale

The carrying amount approximates fair value due to the insignificant time between origination and middot date of sale The carrying amount is the amount funded and accrned interest

46

Loans


D ecember 3 1 2 0 1 4 a n d 2 0 1 3

Fair value is estimated by discounting the future cash flows using the market rates at which similar notes would be made to borrowers with similar credit ratings and for the same remaining maturities The market rates used are based on current rates the Bank wonld impose for similar loans and reflect a market participant assumption about risks associated with nonperfonnance illiquidity and the structure and term of the loans along with local economic and market conditions

Interest Receivable and Payable

The carrying amount approximates fair value The canying amount is determined using the interest rate balance and last payment date

Deposits

Fair value of term deposits is estimated by discounting the future cash flows using rates of similar deposits with similar maturities The estimated fair value of demand NOW savings and money market deposits is the book value since rates are regularly adjusted to market rates and amounts are payable on demand at the reporting date

Repurchase Agreements and Federal Funds Purchased

The carrying amount approximates fair value due to the short term nature of these instruments

Federal Home Loan Bank Advances and Other Debt

Fair value is estimated by discounting the future cash flows using rates of similar advances with similar maturities

Commitments to Originate Loans and Letters of Credit

The fair value of commitments to originate loans is estimated using the fees cuffently charged to enter into similar agreements taking into account the remaining terms of the agreements and the present creditvorthiness of the counterparties For fixed rate loan commitments fair value also considers the difference betveen current levels of interest rates and the committed rates

The fair values of letters of credit are based on fees currently charged for similar agreements or on the estimated cost to tenninate or otherwise settle the obligations with the counterpaiiies at the reporting date The fair values of commitments to originate loans and letters of credit is not presented because the amounts are not deemed significant

4 7


December 3 1 2 0 1 4 and 20 1 3

N ote 1 9 S i g n ificant Estimates and Concentrations

Accounting principles generally accepted in the United States of America require disclosure of certain significant estimates and current vulnerabilities due to certain concentrations Estimates related to the allowance for loan losses are reflected in the footnote regarding loans Cunent vulnerabilities due to certain concentrations of credit risk are discussed in the footnote on commitments and credit iisk

General Litigation

The Company is subject to claims and lawsuits that arise primarily in the ordinary course of business It is the opinion of management that the disposition or ultimate resolution of such claims and lawsuits will not have a material adverse effect on the consolidated financial position results of operations and cash flows of the Company

N ote 2 0 Comm itments a n d Credit Risk

Commitments to Originate Loans

Commitments to originate loans are agreements to lend to a customer as long as there is no violation of any condition established in the contract Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee Since a portion of the commitments may expire without being drawn upon the total commitment amounts do not necessarily represent future cash requirements Each customers creditw01ihiness is evaluated on a case-by-case basis The amount of collateral obtained if deemed necessary is based on managements credit evaluation of the counterparty Collateral held varies but may include accounts receivable inventory property plant and equipment commercial real estate and residential real estate

At December 3 1 2014 and 2013 the Company had outstanding commitments to originate loans aggregating $ 1 0891 971 and $6414935 respectively

Standby Letters of Credit

Standby letters of credit are inevocable conditional commitments issued by the Bank to guarantee the perfom1ance of a customer to a third party Financial standby letters of credit are primarily issued to support public and private bonowing anangements including co1runercial paper bond financing and similar transactions Performance standby letters of credit are issued to guarantee performance of certain customers under nonfinancial contractual obligations The credit risk involved in issuing standby letters of credit is essentially the same as that involved in extending loans to customers Should the Bank be obligated to perform under the standby letters of credit the Bank may seek recourse from the customer for reimbursement of amounts paid

The Bank had total outstanding standby letters of credit amounting to $ 1691 553 and $2072766 at December 3 1 2014 and 2013 respectively with terms ranging from less than one to nine years

48

Lines of Credit

Lincoln Bancorp and Subsidiaries N otes to Conso l i dated F i nancial Statements

December 3 1 2 0 1 4 a n d 2 0 1 3

Lines of credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract Lines of credit generally have fixed expiration dates S ince a p ortion of the line may expire w ithout being drawn upon the total unused lines do not necessarily represent future cash requirements Each customers creditw mihiness is evaluated on a case-by-case basis The amount of collateral obtained if deemed necessary is based on management s cred it evaluation of the c ounterparty Collateral held varies but may include accounts receivable invento1y property plant and equipment commercial real estate and residential real estate Management uses the same credit policies in granting lines of credit as it does for on-balance-sheet instruments

At December 3 1 2014 and 2013 the Bank had granted unused lines of credit to b onowers aggregating $ 1 19824827 and $ 1 1 0653466 respectively for c onnnercial lines-of-credit revolving credit l ines and overdraft protection agreements

Concentrations of Credit Risk

Substantially all of the Banks loans and c ommitments to extend credit have been granted to customers in the Bank s market area A sigoificant portion of the Banks loan pmifolio c onsists ofloans to fanners companies involved in agiibnsiness and l oans to finance the construction and development of real estate The Banks lending poJicies for agriculture and nonagiicultural customers require loans that are well collateralized and supported by cash flows Credit l osses from loans related to the agricultural economy are consistent w ith credit l osses experienced in the loan portfolio as a whole The amount of collateral obtained on loans made by the Bank is based on management s credit evaluation of the bonower Collateral held varies but may include acc ounts receivable inventory crops equipment livestock real estate and other income-producing prope1iies

The nature of the Banks business requires that it maintain amounts due from banks which at times may exceed federally insured limits In the opinion of management no material risk ofoss exists due to the institutions financial condition and the fact they are well capitalized

N ote 2 1 S u bsequent Event

Subsequent events Iiave been evaluated through the date of the Independent Auditors Report which is the date the financial _ statements were available to be issued

49

Lincoln Bancorp O rganization Cha rt

100

Lincoln Sagtings Bank (Bani Subsidiary) middot

Incorporated i n Iowa Cedar Falls IA

100

LSB Fin ancial Services Inc (Subsidiary)

])1 corp rated i n Iowa Rei n beck IA

Lincoln Bancorp (Holding Company)

Incorporated in Iowa Reinbeck IA

I

100

Lincoln Bancoi(p Capital Trut lI

(Subsidiary Incorporated in fowa

Reinbeck IA 1H 1 if

Resulb A list of branches for your depository lnsltution UNCOlN SAVINGS BANK (ID_RSSD 589943) This depository nsttwUon Is held by UNCOLN BANCORP 1210169) of REINBECK II The data are as of12312014 Data reflects Information th al was received and processed through 0107201S

Recondlfatlon and Verlflcaton Steps 1 hi the Data Action column of each branch row enter one or more of the actions spedfled below 2 If iequlred enter the date ln the Electlve Date column

Actlom OK If the branch Information Is correct enter OK In the Data Action column Change lf the branch nformatfon Is Incorrect or Incomplete revise the data enterChange In the Data Action column and the dale when this lnfo1matlon first became vaUd In the Effective Date column

Close If a branch Isled was sold or dosed enter Clou in the Data Actlora coumn and the sale or closure date hi the Effective Date column Delete lf a branch listed was never owned by this depasltorylnstltutlon enter Delete In lhe 0ta Action column Add lf a reportable branch is missing Insert a 1ow add the branch dla and enter Add In the Data Action column and the opening or acquisition date Jn the Effective Date column

If printing this list you may need to adjust your page setup In MS Excel T1y using landscape orlentaUon page scaUng andor legal sized paper

Submission Procedure When you are finished send a saved copy to your FRS contacL See the detailed lnstructloM on thli site for more Information If you are emiddotmalling this to your FRB contact put your Institution name city and stale In the subject line of the e-mail

Note To salsfy the FR YmiddotlO reporting requirements you must also submit fR YmiddotlO Domestic Branch Schedules for each branch with a Data Action of Change Close Delete or Add The FR )-10 report may be submitted ln a hard copy format or via the FR YmiddotlO Onllne applicaUon bull httpsylDonlnefederareservegov

bull FDIC UNJNUM Offlce Number and ID_RSSD columns are for refeience only Verification of these vaues ls llOI required

Data Action Effective Date Brandi Service Tyoe BranchlD_RssDbull PopuarName Street Address Ctv State Zip Code OK Full Service Head Office) 589943 llNCOlN SAVINGS BANK 301 WASHINGTON STREET CEDAR FAUS IA S0613 OK Full Service 4467692 ADEL OFFICE 805 MAINSlREET ADEL IA S0003 OK Full Service 210S123 AlllSON BRANCH 402 NORTH MAIN STREET AlUSON IA 50602 OK Fu115ervlce 821241 APUNGTON BRANCH 932 PARROITSTREET APLINGTON IA S0604

OK FulServke 3520152 VIKING ROAD BRANCH 22S VIKING ROAD CEDAR fALlS IA 50613

OK FutlService 446S429 CLIVE OFFICE 13523 UNIVERSITY AVE CllVE IA 50325 OK Full Service 534544 GARWIN OFFICE 237 MAIN STREET GARWIN IA S0632 OK Full Service 782744 GREENE BRANCH 1 1 1 EASTTRAER GREENE IA 50636 OK run Service 243973 GRINNELL BRANCH 102S MAN STREET GRNNEtl IA 50112 OK FuServlce 3520198 HUDSON BRANCH 200 ELDORA ROAD HUDSON IA 50643

OK FuServlce 2073969 UNCOLN BRANCH 109 NORTH MAIN STREET LINCOLN IA 50652

OK FuUServle 715041 121 CEDARSlREET OFFICE 121 CEDAR STREET NASHUA IA 50658

OK Full Service 3534S97 REINBECK BRANCH SOS MAIN STREET REINBECK IA 50669 OK FullServke 3520170 TAMA BRANCH 214 WEST 4TH STREET TAMA IA S2339

OK Full Service 3S20219 TOWER PARK BRANCH 242 TOWER PARK DRIVE WATERLOO IA S0701

OK FullServke 3956573 WAVERLY BRANCH 1810 4THSTREET SW SUITE lOS WAVERLY IA S0677 -middot -

County BLACKHAWK DAUAS BUTLER BUTLER BLACKHAWK POlK TAMA BUTLER POWESHEK BLACKHAWK TAMA CHICKASAW GRUNDY TAMA BLACKHAWK BREMER

Countrv UNITED STATES UNITED STATES UNITED STATES UNITED STATES UNITED STATES UNIIED 5TATES UNlIED STATES UNITED STATES UNITED STATES UNITED STATES UNITED STATES UNITED STATES UNITED STATES UNITED STATES UNITED STATES UNITED STATES middot-middot -

FDIC UNJNUM Office Numberbull Head Office Head Office JO RSSD Comments 8872 O LINCOLN SAVINGS SANK $89943

Not Required Not Required llNCOlNSAVINGS BANK 589943 6716 3 LINCOLN SAVINGS BANK 589943

11249 4 LINCOLN SAVINGS SANK 589943 423193 13 llNCOLNSAVINGS BANK 589943

Not Required Not Required llNCOLNSAVING5 BANK 589943 853S 6 llNCOLNSAVINGS SANK S89943

112SO 7 UNCOLNSAVINGS BANK S89943 4881S9 lS UNCOLNSAVJNGS BANK 589943

8063 10 UNCOLNSAVINGS BANK 589943 231163 2 UNCOLNSAVINGS BANK 589943

9029 8 LINCOLN SAVINGS SANK 589943 231164 9 LINCOLN SAVINGS BANK S89943 181402 14 LINCOLN SAVINGS BANK SB9943 363S34 12 llNCOlN SAVINGS BANK S89943 494347 17 UNCOlN SAVINGS BANK 589943

R eport It 3 S em T H Id ecuri 1es 0 ers

FR Y-6

Lincoln Bancorp Cedar Falls Iowa

Fiscal Year Ending December 31 2014

Current Securities Holders with ownership control or holdings of 5 Securities Holders not listed in 3(1 )(a) through (3)(1 )(c) that had

or more with power to vote as of fiscal year ending 123 1 1 4 ownership control or holdings o f 5 or more with power t o vote

during the fiscal year ending 12311 4

( 1 )(a) (1 )(b) (1 )(c) (2)(a) (2)(b) (2)(c) Number and N u m ber and

Country of Percentage of Each Country of Percentage of Each

Name amp Address (City Citizenship or Class of Voting Name amp Address Citizenship or Class of Voting

State Country) Incorporation Securities (City State Country) Incorporation Securities

Lincoln Bancorp USA 3409 shares NIA Employee Stock 2208 of common Ownership Trust stock

Reinbeck IAUSA Trustees Steve Tscherter

Clem Havlik Emily Girsch James Schneider Note The shares owned by the ESOT are voted by the trustees Peterson Contractors USA 2397 shares

Inc 1 553 of common

Reinbeck IAUSA stock

1) 2) (3)(a)

Principal Names amp Address Occupation if other Title amp Position (City State than with Holding with Holding Country) Company Company

Milt Dakovich Waterloo IowaUSA Construction Director

FR Y-6

Lincoln Bancorp Reinbeck IA

Fiscal Year Ending December 31 201 4

3)(b) 3)(c)

Title amp Position Title amp Position with Other with Subsidiaries Businesses (include names of (include names of subsidiaries) other businesses)

Director Lincoln Savings Bank Director Lincoln Bancorp Capital Trust I I Director LSB Fiancial Services President amp Inc Director Aspro Inc

4Hal (4)(b) (4)(cl

List names of other companies ( includes partnerships) if 25 or more of voting securities are held

Percentage of (List names of Percentage of Voting Securities companies and Voting Secu rities in Subsidiaries percentage of in Holding (include names voting securities Company of subsidiaries) held)

305 shares 1 98 of all common stock outstandinq None None

1 ) 2) 13lal

Principal Names amp Address Occupation if other Title amp Position (City State than with Holding with Holding Countrvl Companv Companv Steve Tscherter Retired Bank Director Reinbeck IowaUSA President

FR Y-6



3)(b) (3lcl

Title amp Position Title amp Position with Other with Subsidiaries Businesses (include names of (include names of subsidiaries) other businesses) Director Lincoln Trustee Lincoln Savings Bank Bancorp retirement Director Lincoln plans Bancorp Capital Trust I I Director LSB Financial Services Inc

(4)(a) (4)(b) 4Hcl

List names of other companies (includes partnerships) if 25 or more of voting securities are held

Percentage of (List names of Percentage of Voting Securities companies and Voting Securities in Subsidiaries percentage of in Holding (include names voting securities Companv of subsidiaries) held)

None None

30 shares 19 of all common stock outstandino

( 1 ) 2) (3)(a)

Principal Names amp Address Occupation if other Title amp Position (City State than with Holding with Holding Country) Companv Company Cordell Peterson President Peterson Vice Chairman Reinbeck IAUSA Construction and Director

FR Y-6



3)(b) 3)(c)

Title amp Position Title amp Position with Other with Subsidiaries Businesses (inc lude names of (include names of subsidiaries) other businesses)

Trustee Lincoln Bancorp retirement plans Peterson Contractors Inc amp Subsidiaries

Vice-Chairman and Reinbeck Motors Director Lincoln Company Inc Savings Bank Petcor NA Director Lincoln Buena Vista Bancorp Capital University Trust 1 1 South Waterloo Director LSB Development Fiancial Services Corporation Inc

4)a) 4)b) 4)(c)


Percentage of (List names of Percentage of Voting Securities companies and Voting Securities in Subsidiaries percentage of i n Holding (inc lude names voting securities Company of subsidiaries) held)

None Peterson Contractors Inc 50 of all voting stock

1 7 1 Shares 1 1 1 of all common stock outstandina

1) 2) (3)a)

Principal Names amp Address Occupation if other Title amp Position (City State than with Hold ing with Holding Countrv) Companv Companv James Schneider Grain and livestock Secretary and Reinbeck IAUSA farmer Director

FR Y-6



3)(b) (3)(c)

Title amp Position Title amp Position with Other with Subsidiaries Businesses (include names of ( include names of subsidiaries) other businesses) Director and Cold Farms Inc (a Secretary Lincoln family farming Savings Bank business) President Director Lincoln and Director Bancorp Capital Cold-Dale (a family Trust 1 1 farming business) Director LSB President and Financial Services Director Inc Trustee Lincoln

Bancorp retirement plans

4)(a) (4)(b) 4)(c)


Percentage of (List names of Percentage of Voting Securities companies and Voting Securities in Subsidiaries percentage of in Holding (include names voting securities Company of subsidiaries) held) 1 1 3 Shares None Cold Farms Inc 73 of all 62 of all stock common stock Cold-Dale Farms outstanding 3333 (13 interest

in partnership)

1) 2) 3)(a)

Principal Names amp Address Occupation if other Title amp Position (City State than with Holding with Holding Country) Company Company Emily Girsch Cedar Executive Vice Vice President Falls IAUSA PresidenUChief and Treasurer

Financial OfficerController Lincoln Savings Bank

FR Y-6



3)(b) 3)(c)

Title amp Position Title amp Position with Other with Subsidiaries Businesses (include names of (include names of subsidiaries) other businesses) Executive Vice Trustee Lincoln President Lincoln Bancorp retirement Savings Bank plans Vice President Lincoln Bancorp Capital Trust I I Vice President LSB Financial Services Inc

4)(a) (4)(b) 4Hcl


Percentage of (List names of Percentage of Voting Securities companies and Voting Securities in Subsidiaries percentage of in Holding (include names voting securities Company of subsidiaries) held) 0 Shares None None 0 of all common stock outstanding

1 ) 2) (3)(a)

Principal Names amp Address Occupation if other Title amp Position (City State than with Holding with Holding Countrv) Company Company Clement Havlik Retired former Director and Elma IAUSA President and CFO Chariman

Professional Office Services Inc

Richard Rickert Agriculture Director Traer IAUSA

FR Y-6



3)(b) (3)(c)

Title amp Position Title amp Position with Other with Subsidiaries Businesses (include names of ( include names of subsidiaries) other businesses) Director and Trustee Lincoln Chairman Lincoln Bancorp retirement Savings Bank plans Director Lincoln Bancorp Capital Trust 1 1 Director LSB Financial Services Inc

Director Lincoln Director Tama Co Savings Bank Mutual Ins Co Director Lincoln Bancorp Capital Trust I I Director LS B Financial Services Inc

14)(a) (4)(b) 4)(c)

List names of other companies (includes partnerships) if 25 or more of voting securities a re held

Percentage of (List names of Percentage of Voting Securities companies and Voting Securities in Subsidiaries percentage of in Holding (include names voting securities Com pany of subsidiaries) held) 175 shares None None 1 1 3 of all common stock outstanding

45 Shares None None 29 of all common stock outstanding

1) 2) 3)(a)

Principal Names amp Address Occupation if other Title amp Position (City State than with H olding with Holding Countrv) Company Company Steven Brouwer Retired former Director Aplington IAUSA Medical Sales

Manger Kodak Company and Grain Farmer

Jeff Dralle Greene Small Business Director IAUSA Owner - retail

department store

FR Y-6



(3)(b) 3)(c)

Title amp Position Title amp Position with Other with Subsidiaries Businesses (include names of (include names of subsidiaries) other businesses) Director Lincoln None Savings Bank Director Lincoln Bancorp Capital Trust I I Director LSB Financial Services Inc

Director Lincoln Oralles Department Savings Bank Store Inc Director Lincoln Bancorp Capital Trust I I Director LSB Financial Services Inc

4)(a) 4)(b) (4)(c)


Percentage of List names of Percentage of Voting Securities companies and Voting Securities in Subsidiaries percentage of i n Holding ( include names voting securities Company of subsidiaries) held) 90 shares None None 58 of all common stock outstanding

45 Shares None Oralles Department 29 of all Store 30 of all common stock stock outstanding

1) (2) 3)(a)

Principal Names amp Address Occupation if other Title amp Position (City State than with Holding with Holding Countrvl Company Company Erik Skovgard CEOPresident President and Reinbeck IAUSA Lincoln Savings Director

Bank and President LSB Financial Inc

Dana Uhlenhopp Executive Vice Vice President Allison IAUSA President Lincoln

Savings Bank

FR Y-6



(3)(b) (3)(c)

Title amp Position Title amp Position with Other with Subsidiaries Businesses (include names of (include names of subsidiaries other businesses) CEOPresident and None Director Lincoln Savings Bank President Lincoln Bancorp Capital Trust II President LSB Financial Inc

Executive Vice None President Lincoln Savings Bank

4(a 4(b (4(c)


Percentage of (List names of Percentage of Voting Securities companies and Voting Securities in Subsidiaries percentage of in Holding ( include names voting securities Company of subsidiaries) held) 25 shares None None 1 6 of all common stock outstanding

5 shares None 03 of all common stock outstanding

(1 ) 2) 3)(a)

Principal Names amp Address Occupation if other Title amp Position (City State than with Holding with Holding Countrvl Company Company Michael Peterson Assistant Tresurer Director Reinbeck IAUSA and Director

Reinbeck Motors Co Inc

Lincoln Bancorp NA NA Employee Stock Ownership Trust Reinbeck IAUSA

Peterson NA NA Contractors Inc Reinbeck IAUSA

FR Y-6



3)(b) 3Hcl

Title amp Position Title amp Position with Other with Subsidiaries Businesses (include names of (include names of subsidiaries) other businesses) Director Lincoln Director Peterson Savings Bank Contractors Inc Director Lincoln Director Reinbeck Bancorp Capital Motors Co Inc Trust I I Director PetCor NA Director LSB Corp Fiancial Services Inc

NA NA

NA NA

4)(a) (4)(b) 4)(c)

List names of other companies (i ncludes partnerships) if 25 or more of voting securities a re held

Percentage of (List names of Percentage of Voting Securities companies and Voting Securities in Subsidiaries percentage of in Holding (include names voting securities Company of subsidiaries) held) 14 shares None Foundation Services 09 of all Corporation 25 common stock TM2 LLC 25 outstanding

3409 shares None None 2208 of all common stock outstanding

2397 shares None None 1 553 of all common stock outstanding

FR Y-6 Cover Page

Report Item 1 Annual Report to Shareholders

Report Item 2a Organization Chart

Report Item 2b Domestic Branch Listing

Report Item 3 Securities Holders

Report Item 4 Insiders

Lincoln Bancorp and Subsidiaries Auditors Report and Consolidated Financial Statements

December 3 1 20 1 4 and 2 0 1 3

Contents




Balance Sheets 3-4






J middot1


417865870111fax417865068211 bkdcom















Opinion




December 3 1 2 0 1 4 a n d 2013

Assets


Federal funds sold


Loans held for sale



Other real estate

Interest receivable


Other investments

Goodwill


Other

Total assets


2014

$ 1 6499351

1 86000

127577326

7912120

597178815

19802597

751305

5076794

14416258

6589908

19855322

224088

2267836

$ 8 18337720

2013

$ 14900983

148795067

6402 107

464554994

1 5749834

3804415

4700657

1 1 893759

59 1 6096

19791321

353088

1 921 787

$ 698784108




Total deposits


Total liabilities








$

2014

87355746 1 1 8386526 1 54791695 54954008

191 479397 606967372

28582531 9 1 474860

5000000 9279000

10267372 751571135

1543800 17 1 19872 49630003

1556862

(3083952)

66766585

$ 8 18337720

$

2013

84235337 1 03037901 1421 80662 5 1 638599

1 17 922632 499015 1 3 1

4442000 31333154 84340222 2397478 9279000 75221 00

638329085

1 543800 16875715 44846787

(255687)

(8 12000) ( 1743592)

60455023

$ 698784108





















2013

$ 21 441085

2859844 1 437221

9987 25748137

2322435

226998 1 477792

370021 4397246

21 350891

776102

20574789

1 938035 1 330092

472437 989869

1040320 5646677

(7740) 1 3 1 9360

12729050

1 5865836 1 877741 2676852 6687354

27107783

61 96056

1 35 1 916

$ 4844140



2014











2013

$ 4844140

(7 596646)

7740 (2830662)

(4758244)

488578 (182240)

306338

( 445 1906)

$ 392234










Common

Stock

$ 1543800

1543800

$ 1543800

Additional

Paid-Jn

Capita l middot

$ 16875715

16875715

135052

109105

$ 17119872

Retained

Earnings

$ 41067127 4844140

(1064480)

44846787

5999636

(l216420)

$ 49630003

middotaj

Accumulated

Other U nearned



$ 4196219 $ (812000) $ (1424091) $ 61446770 4844140

(4451906) (4451906) (1064480)

(500000) (500000) 180499 180499

(255687) (812000) (1743592) 60455023

5999636 1812549 18 12549

(1216420) 812000 947052

(1583304) (1583304) 242944 352049

$ 1556862 $ $ (3083952) $ 66766585











$

2014

5999636

1989738 129000

1291000 5 16150

30992 (4865334)

(637085) (40322)

(170576078) 173931400

(522499) (376137) (323767) 804750

7351444

(2000000) (14858907) 39897380

(673812) (134778952)

(6042502) 3957563 (186000)

(2395330) 152014 (64001)

(116992547)

2013

$ 4844140

1864486 129000 776102 668257 134720

(5646677) 7740

( 11164) (204448200) 241684577

(455123) (592348) 558298

83812

39597620

(33496960) 24372826 (1247806)

(100992958) (3738177)

206164

113256 (25000)

(1 14808655)












$ 42203781

9110388 68oooooo

(40659778) (9349000)

(197917) ( 1064480)

68042994

(7168041)

22069024

$ 14900983

$ 4436367 $ 1753080 $ 3849415

$ (4758244) $ 25000


December 3 1 2 0 14 a n d 2 0 1 3






Use of Estimates



Revenue Recognition


1 1

Securities





Loans Held for Sale


Loans





1 2











December 3 1 2014 and 20 1 3






10 - 50 years 3 - 1 0 years









2015 2016

1 4

$ 129000 95088

$ 224088

Derivatives


December 3 1 2 0 1 4 a n d 2 0 1 3





Treasury Stock


Trust Assets




1 5

Income Taxes


December 3 1 2 0 1 4 and 2 0 1 3






Reclassification




1 6

N ote 3



Securities







$ 124773901 $ 3804793 $ (1001367) $ 127577326






$ 149691439 $ 2698884 $ (3595256) $ 148795067


1 7




Amortized Cost

$ 3548156 6042296

47102698 33623782 90316932


$ 124773901

Fair Value

$ 3566239 6183529

48477033 34816203 93043004

8511983 26022339

$ 127577326







December 31 2 0 1 4








Fair Value

$ $

$ $

Losses Fair Value

$ 9770400

3864421

8692030

14453346

$ 36780196

1 8


$ (229600) $ 9770400 $ (229600) (91708) 3864421 (91708)

(175139) 8692030 (175139)

(504920) 14453346 (504920)

$ (1001367) $ 36780196 $ (1001367



December 31 2013














Total loans


Net loans

1 9

2014

$ 6 104900 195300 279208

10500

$ 6589908

2014

$ 86305726 81738436 65064323

261734692 99492248

8998376 603333801

(295183) 6450169

$ 597178815

Total

Unrealized

Fair Value Losses

$ 9335250 $ (664750)

4288578 (124685)

34910709 (792234)

16026437 (2013587)

$ 64560974 $ (3595256)

2013

$ 5431100 195300 279196

10500

$ 5916096

2013

$ 73238784 77515797 49210426

184444404 78159900

7223712 469793023

(385757) 5623786

$ 464554994


D ecember 3 1 2 0 1 4 and 2 0 1 3


2014







Recoveries 25000 150758 7904 1299 20847 205808


Ending balance


impainnent $ 8935 s 1 723 s 408336 $ 731291 $ 120822 $ 3376 $ 1 274483

Ending balance


impairment s 1000167 $ 176364 $ 7 1 1 664 $ 2861852 $ 205974 s 2 19665 s 5175686

Loans


Ending balance



Ending balance


impainnent $ 86246 156 $ 81726947 s 62431367 $ 255656591 s 98461109 $ 8975860 s 593498030

20




Losses charged off

Recoveries

Balance end of year

Ending balance


impairment

Ending balance


impairment

Loans


December 3 1 201 4 and 2 0 1 3

2013



s 655667 s 88374 $ 21 80440 s 171 6530 s 458970

1 14395 65307 (49380) 292400 3 1 1 677

(131929) (58631) (134797)

30267 41

$ 770062 s 153681 $ 2029398 $ 1950299 $ 635891

s s 38608 $ 1052013 $ 314645 s 292836

s 770062 $ J 1 5073 s 977385 s 1635654 s 343055

Consumer

and Other Total

$ 77630 $ 51776 1 1

41 703 776102

(58574) (38393 1)

23696 54004

s 84455 $ 5623786

s s 1 698102

$ 84455 $ 3925684


Ending balance



Ending balance


impairment s 73238784 s 77358689 $ 42272537 $ 182842999 $ 76846684 s 72237 1 2 s 459783405





21


December 3 1 20 1 4 and 2 0 1 3










22


December 3 1 20 1 4 and 201 3







23


Decem ber 3 1 2 0 1 4 and 2 0 1 3








Agricultural

$ 86246156

59570

$ 86305726

Agricultural

Real Estate

$ 81 726947

1 1 489

$ 81 738436

24

2014

Commercia l

$ 60466766 1 964601 2606288

26668

$ 65064323

Consumer

Real Estate

$ 98331305 1 1 60943

$ 99492248

Commercial

Real Estate Total

$ 248979 648 $47741 9517 6676943 8641544 6078101 8755448

26668

$ 261734692 $494843 177

Consumer

and Other Total

$ 8974157 $ 107305462 24219 1 1 85162

$ 8998376 $ 1 08490624

_ I

Agricultural







$ 73198803 $ 77508288 $ 41 961660 $ 178656731 137045 1 768952

39981 7509 2787500 259568 4324221 3759153

$ 73238784 $ 77515797 $ 49210426 $ 184444404

Consumer Consumer


$ 76078839 $ 7190047 2081061 33665

$ 78159900 $ 72237 12

Total

$371325482 1905997 3094558 8083374

$384409411

Total

$ 83268886 2 1 14726

$ 85383612




201 4

Total Loans gt 90


$ $ $ $ $ $ 86305726 $ 86305726


Commercial 1 14872 215674 209419 114717 654682 64409641 65064323




Total $ 1974017 $ 1225836 $ 289068 $ 1268850 $ 4757771 $ 598576030 $ 603333801

25

Agricultural


December 3 1 2 0 1 4 and 201 3

2013

Total Loans gt 90


$ $ $ $ $


$ 73238784 $ 73238784


Commercial 280097 204740 181053 560438 1226328 47984098 49210426




Total $ 2392083 $ 533251 $ 956619 $ 1458277 $ 5340230 $ 464452 793 $ 469793023



2 6


December 3 1 2 0 1 4 and 2 0 1 3

2014

Average

Unpaid Investment




Agricultural 59570 59570 8935 57 1 16


Commercial 2632956 2712541 408336 767738






2013

Average

Unpaid Investment




allovance

Commercial $ 40000 $ 70162 $ $ 70427





Commercial 6897889 6980003 1 052013 5629646





Total


Commercial 6937889 7050165 1052013 5700073




Interest

Income

Recognized

2558

747

32385

333654

40067

1863

4 1 1 274

Interest

Income

Recognized

$ 7747

$ 7747

321474

60279

58591

440344

329221

60279

58591

$ 448091


27

Interest

Income

Cash

Basis

4746

1515

39332

344178

5 1 977

2848

444596

Interest

Income

Cash

Basis

$ 2415

$ 2415

7337

10657

256840

60577

3354 1 1

7337

13072

256840

60577

$ 337826


December 3 1 20 1 4 and 2 0 1 3







N umber of TD Rs

1

4

6

N u m ber of TD Rs

1

2



$ 17664 $ 17664 $ 25368 $ 25368

1293527 1293527

$ 1336559 $ 1336559



$ 121968 $ 121 968

731 1 5 73 1 15

$ 195083 $ 1 95083


28

N ote 5


D ecember 3 1 2 0 1 4 and 2 0 1 3



2014





2013

$ 2648835 13644840 1 7594719

33888394 18138560

$ 15 749834


Fair Value Hedges



29


Decem ber 3 1 2 0 1 4 and 2 0 1 3







Fa i r Value Hedges

Interest rate swap

Cash Flow Hedges






(18196) $ 27550



30







$ 15000000 $ (355929)

2013




$ 15000000 $ 488578

N ote 7 G oodwill



Goodvill 19791321 1 976$321



3 1

I

N ote 8


Decem ber 3 1 2 0 1 4 and 201 3




2015 $ 14483083 1 2016 32838389 2017 3674206 2018 2441 696 2019 3261275 Thereafter 4433000

$ 191479397



32


December 3 1 2 0 1 4 and 2 0 1 3







Weighted

Average

Interest

Rate at Year End

NIA 044 217 217 275 1 60 1 37

2014

Balance Due

$ 52355406

3 63195 371155

10379290 5387603

25539635

94396284

(2921424)

$ 91474860

2013

Weighted

Average

Interest


040 $ 3 0347783 066 15355406 2 17 3 63 195 217 371155 277 1 0379290 1 60 5387603 1 41 25539634

87744066

(3403844)

$ 84340222



33


D ecember 3 1 2 0 1 4 and 2 0 1 3



2 0 1 4 2013


Net of Tax Amount $ 1556862 $ (255687)





2014

$ 637085 (237633)

$ 399452



$ (4853)

34


December 3 1 2 0 1 4 and 2 0 1 3



2014






$ 5000000

2 0 1 3

$ 1 385417

522002

490059

$ 2397478


35


December 3 1 2 0 1 4 and 20 1 3





201 4 20 1 3




36


D ecember 3 1 2 0 1 4 and 201 3


2 0 1 4 201 3








20 1 4 201 3

Deferred tax assets



Other 161 216 121098



4 126343 3822039





Goodvvill 3127366 2823561



5649484 4424406


37


December 3 1 2 0 1 4 and 2 0 1 3





38


December 3 1 2 0 1 4 and 2 0 1 3


















39


December 3 1 2 0 1 4 a n d 20 1 3











40


D ecember 3 1 20 1 4 a n d 201 3








4 1


December 3 1 2 0 1 4 a n d 2 0 1 3


Allocated shares



Ending ESOP shares


2014

2575

75

759

3409

3098238

20 1 3

2648

56

473

3 177

$ 1 8 1 1 590







42


December 3 1 2 0 1 4 and 2 0 1 3









Fair Value

$ 24578999

85 1 1 983

26022339 68464005

(53 125 1)

Fair Value

$ 25804500

941871 1

40582910 72988946

488578 (599974)

$

$


Quoted

Prices in

Active Significant



$ 24578999 $

851 1983

26022339 68464005

(53 1251)


Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

43

Significant

Other

Observable

Inputs (Level 2)

$ 25804500

94187 1 1

40582910 72988946

488578 (599974)

$

Sign ificant

Unobservable

I n puts (Level 3)


December 3 1 2 0 1 4 a n d 2 0 1 3








Fair Valu e



Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

44

$

Significant

Other

Observable I nputs

(Level 2)

2013

$

Significant


Level 3)

8561288


December 3 1 2 0 1 4 and 201 3


Fair Value


Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

$

Significant

Other

Observable

I nputs (Level 2)

$

Significant

U nobservable

Inputs (Level 3)

83 1 1516





45


December 3 1 2 0 1 4 and 2 0 1 3














Loans Held For Sale


46

Loans


D ecember 3 1 2 0 1 4 a n d 2 0 1 3




Deposits









4 7


December 3 1 2 0 1 4 and 20 1 3



General Litigation









48

Lines of Credit


December 3 1 2 0 1 4 a n d 2 0 1 3








49


100



100





I

100



Reinbeck IA 1H 1 if



























FR Y-6













Inc 1 553 of common


1) 2) (3)(a)



FR Y-6



3)(b) 3)(c)



4Hal (4)(b) (4)(cl




1 ) 2) 13lal


FR Y-6



3)(b) (3lcl


(4)(a) (4)(b) 4Hcl



None None


( 1 ) 2) (3)(a)


FR Y-6



3)(b) 3)(c)




4)a) 4)b) 4)(c)





1) 2) (3)a)


FR Y-6



3)(b) (3)(c)



4)(a) (4)(b) 4)(c)



in partnership)

1) 2) 3)(a)



FR Y-6



3)(b) 3)(c)


4)(a) (4)(b) 4Hcl



1 ) 2) (3)(a)




FR Y-6



3)(b) (3)(c)



14)(a) (4)(b) 4)(c)




1) 2) 3)(a)




department store

FR Y-6



(3)(b) 3)(c)



4)(a) 4)(b) (4)(c)




1) (2) 3)(a)




Savings Bank

FR Y-6



(3)(b) (3)(c)



4(a 4(b (4(c)




(1 ) 2) 3)(a)





FR Y-6



3)(b) 3Hcl


NA NA

NA NA

4)(a) (4)(b) 4)(c)





FR Y-6 Cover Page






Contents




Balance Sheets 3-4






J middot1


417865870111fax417865068211 bkdcom















Opinion




December 3 1 2 0 1 4 a n d 2013

Assets


Federal funds sold


Loans held for sale



Other real estate

Interest receivable


Other investments

Goodwill


Other

Total assets


2014

$ 1 6499351

1 86000

127577326

7912120

597178815

19802597

751305

5076794

14416258

6589908

19855322

224088

2267836

$ 8 18337720

2013

$ 14900983

148795067

6402 107

464554994

1 5749834

3804415

4700657

1 1 893759

59 1 6096

19791321

353088

1 921 787

$ 698784108




Total deposits


Total liabilities








$

2014

87355746 1 1 8386526 1 54791695 54954008

191 479397 606967372

28582531 9 1 474860

5000000 9279000

10267372 751571135

1543800 17 1 19872 49630003

1556862

(3083952)

66766585

$ 8 18337720

$

2013

84235337 1 03037901 1421 80662 5 1 638599

1 17 922632 499015 1 3 1

4442000 31333154 84340222 2397478 9279000 75221 00

638329085

1 543800 16875715 44846787

(255687)

(8 12000) ( 1743592)

60455023

$ 698784108





















2013

$ 21 441085

2859844 1 437221

9987 25748137

2322435

226998 1 477792

370021 4397246

21 350891

776102

20574789

1 938035 1 330092

472437 989869

1040320 5646677

(7740) 1 3 1 9360

12729050

1 5865836 1 877741 2676852 6687354

27107783

61 96056

1 35 1 916

$ 4844140



2014











2013

$ 4844140

(7 596646)

7740 (2830662)

(4758244)

488578 (182240)

306338

( 445 1906)

$ 392234










Common

Stock

$ 1543800

1543800

$ 1543800

Additional

Paid-Jn

Capita l middot

$ 16875715

16875715

135052

109105

$ 17119872

Retained

Earnings

$ 41067127 4844140

(1064480)

44846787

5999636

(l216420)

$ 49630003

middotaj

Accumulated

Other U nearned



$ 4196219 $ (812000) $ (1424091) $ 61446770 4844140

(4451906) (4451906) (1064480)

(500000) (500000) 180499 180499

(255687) (812000) (1743592) 60455023

5999636 1812549 18 12549

(1216420) 812000 947052

(1583304) (1583304) 242944 352049

$ 1556862 $ $ (3083952) $ 66766585











$

2014

5999636

1989738 129000

1291000 5 16150

30992 (4865334)

(637085) (40322)

(170576078) 173931400

(522499) (376137) (323767) 804750

7351444

(2000000) (14858907) 39897380

(673812) (134778952)

(6042502) 3957563 (186000)

(2395330) 152014 (64001)

(116992547)

2013

$ 4844140

1864486 129000 776102 668257 134720

(5646677) 7740

( 11164) (204448200) 241684577

(455123) (592348) 558298

83812

39597620

(33496960) 24372826 (1247806)

(100992958) (3738177)

206164

113256 (25000)

(1 14808655)












$ 42203781

9110388 68oooooo

(40659778) (9349000)

(197917) ( 1064480)

68042994

(7168041)

22069024

$ 14900983

$ 4436367 $ 1753080 $ 3849415

$ (4758244) $ 25000


December 3 1 2 0 14 a n d 2 0 1 3






Use of Estimates



Revenue Recognition


1 1

Securities





Loans Held for Sale


Loans





1 2











December 3 1 2014 and 20 1 3






10 - 50 years 3 - 1 0 years









2015 2016

1 4

$ 129000 95088

$ 224088

Derivatives


December 3 1 2 0 1 4 a n d 2 0 1 3





Treasury Stock


Trust Assets




1 5

Income Taxes


December 3 1 2 0 1 4 and 2 0 1 3






Reclassification




1 6

N ote 3



Securities







$ 124773901 $ 3804793 $ (1001367) $ 127577326






$ 149691439 $ 2698884 $ (3595256) $ 148795067


1 7




Amortized Cost

$ 3548156 6042296

47102698 33623782 90316932


$ 124773901

Fair Value

$ 3566239 6183529

48477033 34816203 93043004

8511983 26022339

$ 127577326







December 31 2 0 1 4








Fair Value

$ $

$ $

Losses Fair Value

$ 9770400

3864421

8692030

14453346

$ 36780196

1 8


$ (229600) $ 9770400 $ (229600) (91708) 3864421 (91708)

(175139) 8692030 (175139)

(504920) 14453346 (504920)

$ (1001367) $ 36780196 $ (1001367



December 31 2013














Total loans


Net loans

1 9

2014

$ 6 104900 195300 279208

10500

$ 6589908

2014

$ 86305726 81738436 65064323

261734692 99492248

8998376 603333801

(295183) 6450169

$ 597178815

Total

Unrealized

Fair Value Losses

$ 9335250 $ (664750)

4288578 (124685)

34910709 (792234)

16026437 (2013587)

$ 64560974 $ (3595256)

2013

$ 5431100 195300 279196

10500

$ 5916096

2013

$ 73238784 77515797 49210426

184444404 78159900

7223712 469793023

(385757) 5623786

$ 464554994


D ecember 3 1 2 0 1 4 and 2 0 1 3


2014







Recoveries 25000 150758 7904 1299 20847 205808


Ending balance


impainnent $ 8935 s 1 723 s 408336 $ 731291 $ 120822 $ 3376 $ 1 274483

Ending balance


impairment s 1000167 $ 176364 $ 7 1 1 664 $ 2861852 $ 205974 s 2 19665 s 5175686

Loans


Ending balance



Ending balance


impainnent $ 86246 156 $ 81726947 s 62431367 $ 255656591 s 98461109 $ 8975860 s 593498030

20




Losses charged off

Recoveries

Balance end of year

Ending balance


impairment

Ending balance


impairment

Loans


December 3 1 201 4 and 2 0 1 3

2013



s 655667 s 88374 $ 21 80440 s 171 6530 s 458970

1 14395 65307 (49380) 292400 3 1 1 677

(131929) (58631) (134797)

30267 41

$ 770062 s 153681 $ 2029398 $ 1950299 $ 635891

s s 38608 $ 1052013 $ 314645 s 292836

s 770062 $ J 1 5073 s 977385 s 1635654 s 343055

Consumer

and Other Total

$ 77630 $ 51776 1 1

41 703 776102

(58574) (38393 1)

23696 54004

s 84455 $ 5623786

s s 1 698102

$ 84455 $ 3925684


Ending balance



Ending balance


impairment s 73238784 s 77358689 $ 42272537 $ 182842999 $ 76846684 s 72237 1 2 s 459783405





21


December 3 1 20 1 4 and 2 0 1 3










22


December 3 1 20 1 4 and 201 3







23


Decem ber 3 1 2 0 1 4 and 2 0 1 3








Agricultural

$ 86246156

59570

$ 86305726

Agricultural

Real Estate

$ 81 726947

1 1 489

$ 81 738436

24

2014

Commercia l

$ 60466766 1 964601 2606288

26668

$ 65064323

Consumer

Real Estate

$ 98331305 1 1 60943

$ 99492248

Commercial

Real Estate Total

$ 248979 648 $47741 9517 6676943 8641544 6078101 8755448

26668

$ 261734692 $494843 177

Consumer

and Other Total

$ 8974157 $ 107305462 24219 1 1 85162

$ 8998376 $ 1 08490624

_ I

Agricultural







$ 73198803 $ 77508288 $ 41 961660 $ 178656731 137045 1 768952

39981 7509 2787500 259568 4324221 3759153

$ 73238784 $ 77515797 $ 49210426 $ 184444404

Consumer Consumer


$ 76078839 $ 7190047 2081061 33665

$ 78159900 $ 72237 12

Total

$371325482 1905997 3094558 8083374

$384409411

Total

$ 83268886 2 1 14726

$ 85383612




201 4

Total Loans gt 90


$ $ $ $ $ $ 86305726 $ 86305726


Commercial 1 14872 215674 209419 114717 654682 64409641 65064323




Total $ 1974017 $ 1225836 $ 289068 $ 1268850 $ 4757771 $ 598576030 $ 603333801

25

Agricultural


December 3 1 2 0 1 4 and 201 3

2013

Total Loans gt 90


$ $ $ $ $


$ 73238784 $ 73238784


Commercial 280097 204740 181053 560438 1226328 47984098 49210426




Total $ 2392083 $ 533251 $ 956619 $ 1458277 $ 5340230 $ 464452 793 $ 469793023



2 6


December 3 1 2 0 1 4 and 2 0 1 3

2014

Average

Unpaid Investment




Agricultural 59570 59570 8935 57 1 16


Commercial 2632956 2712541 408336 767738






2013

Average

Unpaid Investment




allovance

Commercial $ 40000 $ 70162 $ $ 70427





Commercial 6897889 6980003 1 052013 5629646





Total


Commercial 6937889 7050165 1052013 5700073




Interest

Income

Recognized

2558

747

32385

333654

40067

1863

4 1 1 274

Interest

Income

Recognized

$ 7747

$ 7747

321474

60279

58591

440344

329221

60279

58591

$ 448091


27

Interest

Income

Cash

Basis

4746

1515

39332

344178

5 1 977

2848

444596

Interest

Income

Cash

Basis

$ 2415

$ 2415

7337

10657

256840

60577

3354 1 1

7337

13072

256840

60577

$ 337826


December 3 1 20 1 4 and 2 0 1 3







N umber of TD Rs

1

4

6

N u m ber of TD Rs

1

2



$ 17664 $ 17664 $ 25368 $ 25368

1293527 1293527

$ 1336559 $ 1336559



$ 121968 $ 121 968

731 1 5 73 1 15

$ 195083 $ 1 95083


28

N ote 5


D ecember 3 1 2 0 1 4 and 2 0 1 3



2014





2013

$ 2648835 13644840 1 7594719

33888394 18138560

$ 15 749834


Fair Value Hedges



29


Decem ber 3 1 2 0 1 4 and 2 0 1 3







Fa i r Value Hedges

Interest rate swap

Cash Flow Hedges






(18196) $ 27550



30







$ 15000000 $ (355929)

2013




$ 15000000 $ 488578

N ote 7 G oodwill



Goodvill 19791321 1 976$321



3 1

I

N ote 8


Decem ber 3 1 2 0 1 4 and 201 3




2015 $ 14483083 1 2016 32838389 2017 3674206 2018 2441 696 2019 3261275 Thereafter 4433000

$ 191479397



32


December 3 1 2 0 1 4 and 2 0 1 3







Weighted

Average

Interest

Rate at Year End

NIA 044 217 217 275 1 60 1 37

2014

Balance Due

$ 52355406

3 63195 371155

10379290 5387603

25539635

94396284

(2921424)

$ 91474860

2013

Weighted

Average

Interest


040 $ 3 0347783 066 15355406 2 17 3 63 195 217 371155 277 1 0379290 1 60 5387603 1 41 25539634

87744066

(3403844)

$ 84340222



33


D ecember 3 1 2 0 1 4 and 2 0 1 3



2 0 1 4 2013


Net of Tax Amount $ 1556862 $ (255687)





2014

$ 637085 (237633)

$ 399452



$ (4853)

34


December 3 1 2 0 1 4 and 2 0 1 3



2014






$ 5000000

2 0 1 3

$ 1 385417

522002

490059

$ 2397478


35


December 3 1 2 0 1 4 and 20 1 3





201 4 20 1 3




36


D ecember 3 1 2 0 1 4 and 201 3


2 0 1 4 201 3








20 1 4 201 3

Deferred tax assets



Other 161 216 121098



4 126343 3822039





Goodvvill 3127366 2823561



5649484 4424406


37


December 3 1 2 0 1 4 and 2 0 1 3





38


December 3 1 2 0 1 4 and 2 0 1 3


















39


December 3 1 2 0 1 4 a n d 20 1 3











40


D ecember 3 1 20 1 4 a n d 201 3








4 1


December 3 1 2 0 1 4 a n d 2 0 1 3


Allocated shares



Ending ESOP shares


2014

2575

75

759

3409

3098238

20 1 3

2648

56

473

3 177

$ 1 8 1 1 590







42


December 3 1 2 0 1 4 and 2 0 1 3









Fair Value

$ 24578999

85 1 1 983

26022339 68464005

(53 125 1)

Fair Value

$ 25804500

941871 1

40582910 72988946

488578 (599974)

$

$


Quoted

Prices in

Active Significant



$ 24578999 $

851 1983

26022339 68464005

(53 1251)


Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

43

Significant

Other

Observable

Inputs (Level 2)

$ 25804500

94187 1 1

40582910 72988946

488578 (599974)

$

Sign ificant

Unobservable

I n puts (Level 3)


December 3 1 2 0 1 4 a n d 2 0 1 3








Fair Valu e



Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

44

$

Significant

Other

Observable I nputs

(Level 2)

2013

$

Significant


Level 3)

8561288


December 3 1 2 0 1 4 and 201 3


Fair Value


Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

$

Significant

Other

Observable

I nputs (Level 2)

$

Significant

U nobservable

Inputs (Level 3)

83 1 1516





45


December 3 1 2 0 1 4 and 2 0 1 3














Loans Held For Sale


46

Loans


D ecember 3 1 2 0 1 4 a n d 2 0 1 3




Deposits









4 7


December 3 1 2 0 1 4 and 20 1 3



General Litigation









48

Lines of Credit


December 3 1 2 0 1 4 a n d 2 0 1 3








49


100



100





I

100



Reinbeck IA 1H 1 if



























FR Y-6













Inc 1 553 of common


1) 2) (3)(a)



FR Y-6



3)(b) 3)(c)



4Hal (4)(b) (4)(cl




1 ) 2) 13lal


FR Y-6



3)(b) (3lcl


(4)(a) (4)(b) 4Hcl



None None


( 1 ) 2) (3)(a)


FR Y-6



3)(b) 3)(c)




4)a) 4)b) 4)(c)





1) 2) (3)a)


FR Y-6



3)(b) (3)(c)



4)(a) (4)(b) 4)(c)



in partnership)

1) 2) 3)(a)



FR Y-6



3)(b) 3)(c)


4)(a) (4)(b) 4Hcl



1 ) 2) (3)(a)




FR Y-6



3)(b) (3)(c)



14)(a) (4)(b) 4)(c)




1) 2) 3)(a)




department store

FR Y-6



(3)(b) 3)(c)



4)(a) 4)(b) (4)(c)




1) (2) 3)(a)




Savings Bank

FR Y-6



(3)(b) (3)(c)



4(a 4(b (4(c)




(1 ) 2) 3)(a)





FR Y-6



3)(b) 3Hcl


NA NA

NA NA

4)(a) (4)(b) 4)(c)





FR Y-6 Cover Page







417865870111fax417865068211 bkdcom















Opinion




December 3 1 2 0 1 4 a n d 2013

Assets


Federal funds sold


Loans held for sale



Other real estate

Interest receivable


Other investments

Goodwill


Other

Total assets


2014

$ 1 6499351

1 86000

127577326

7912120

597178815

19802597

751305

5076794

14416258

6589908

19855322

224088

2267836

$ 8 18337720

2013

$ 14900983

148795067

6402 107

464554994

1 5749834

3804415

4700657

1 1 893759

59 1 6096

19791321

353088

1 921 787

$ 698784108




Total deposits


Total liabilities








$

2014

87355746 1 1 8386526 1 54791695 54954008

191 479397 606967372

28582531 9 1 474860

5000000 9279000

10267372 751571135

1543800 17 1 19872 49630003

1556862

(3083952)

66766585

$ 8 18337720

$

2013

84235337 1 03037901 1421 80662 5 1 638599

1 17 922632 499015 1 3 1

4442000 31333154 84340222 2397478 9279000 75221 00

638329085

1 543800 16875715 44846787

(255687)

(8 12000) ( 1743592)

60455023

$ 698784108





















2013

$ 21 441085

2859844 1 437221

9987 25748137

2322435

226998 1 477792

370021 4397246

21 350891

776102

20574789

1 938035 1 330092

472437 989869

1040320 5646677

(7740) 1 3 1 9360

12729050

1 5865836 1 877741 2676852 6687354

27107783

61 96056

1 35 1 916

$ 4844140



2014











2013

$ 4844140

(7 596646)

7740 (2830662)

(4758244)

488578 (182240)

306338

( 445 1906)

$ 392234










Common

Stock

$ 1543800

1543800

$ 1543800

Additional

Paid-Jn

Capita l middot

$ 16875715

16875715

135052

109105

$ 17119872

Retained

Earnings

$ 41067127 4844140

(1064480)

44846787

5999636

(l216420)

$ 49630003

middotaj

Accumulated

Other U nearned



$ 4196219 $ (812000) $ (1424091) $ 61446770 4844140

(4451906) (4451906) (1064480)

(500000) (500000) 180499 180499

(255687) (812000) (1743592) 60455023

5999636 1812549 18 12549

(1216420) 812000 947052

(1583304) (1583304) 242944 352049

$ 1556862 $ $ (3083952) $ 66766585











$

2014

5999636

1989738 129000

1291000 5 16150

30992 (4865334)

(637085) (40322)

(170576078) 173931400

(522499) (376137) (323767) 804750

7351444

(2000000) (14858907) 39897380

(673812) (134778952)

(6042502) 3957563 (186000)

(2395330) 152014 (64001)

(116992547)

2013

$ 4844140

1864486 129000 776102 668257 134720

(5646677) 7740

( 11164) (204448200) 241684577

(455123) (592348) 558298

83812

39597620

(33496960) 24372826 (1247806)

(100992958) (3738177)

206164

113256 (25000)

(1 14808655)












$ 42203781

9110388 68oooooo

(40659778) (9349000)

(197917) ( 1064480)

68042994

(7168041)

22069024

$ 14900983

$ 4436367 $ 1753080 $ 3849415

$ (4758244) $ 25000


December 3 1 2 0 14 a n d 2 0 1 3






Use of Estimates



Revenue Recognition


1 1

Securities





Loans Held for Sale


Loans





1 2











December 3 1 2014 and 20 1 3






10 - 50 years 3 - 1 0 years









2015 2016

1 4

$ 129000 95088

$ 224088

Derivatives


December 3 1 2 0 1 4 a n d 2 0 1 3





Treasury Stock


Trust Assets




1 5

Income Taxes


December 3 1 2 0 1 4 and 2 0 1 3






Reclassification




1 6

N ote 3



Securities







$ 124773901 $ 3804793 $ (1001367) $ 127577326






$ 149691439 $ 2698884 $ (3595256) $ 148795067


1 7




Amortized Cost

$ 3548156 6042296

47102698 33623782 90316932


$ 124773901

Fair Value

$ 3566239 6183529

48477033 34816203 93043004

8511983 26022339

$ 127577326







December 31 2 0 1 4








Fair Value

$ $

$ $

Losses Fair Value

$ 9770400

3864421

8692030

14453346

$ 36780196

1 8


$ (229600) $ 9770400 $ (229600) (91708) 3864421 (91708)

(175139) 8692030 (175139)

(504920) 14453346 (504920)

$ (1001367) $ 36780196 $ (1001367



December 31 2013














Total loans


Net loans

1 9

2014

$ 6 104900 195300 279208

10500

$ 6589908

2014

$ 86305726 81738436 65064323

261734692 99492248

8998376 603333801

(295183) 6450169

$ 597178815

Total

Unrealized

Fair Value Losses

$ 9335250 $ (664750)

4288578 (124685)

34910709 (792234)

16026437 (2013587)

$ 64560974 $ (3595256)

2013

$ 5431100 195300 279196

10500

$ 5916096

2013

$ 73238784 77515797 49210426

184444404 78159900

7223712 469793023

(385757) 5623786

$ 464554994


D ecember 3 1 2 0 1 4 and 2 0 1 3


2014







Recoveries 25000 150758 7904 1299 20847 205808


Ending balance


impainnent $ 8935 s 1 723 s 408336 $ 731291 $ 120822 $ 3376 $ 1 274483

Ending balance


impairment s 1000167 $ 176364 $ 7 1 1 664 $ 2861852 $ 205974 s 2 19665 s 5175686

Loans


Ending balance



Ending balance


impainnent $ 86246 156 $ 81726947 s 62431367 $ 255656591 s 98461109 $ 8975860 s 593498030

20




Losses charged off

Recoveries

Balance end of year

Ending balance


impairment

Ending balance


impairment

Loans


December 3 1 201 4 and 2 0 1 3

2013



s 655667 s 88374 $ 21 80440 s 171 6530 s 458970

1 14395 65307 (49380) 292400 3 1 1 677

(131929) (58631) (134797)

30267 41

$ 770062 s 153681 $ 2029398 $ 1950299 $ 635891

s s 38608 $ 1052013 $ 314645 s 292836

s 770062 $ J 1 5073 s 977385 s 1635654 s 343055

Consumer

and Other Total

$ 77630 $ 51776 1 1

41 703 776102

(58574) (38393 1)

23696 54004

s 84455 $ 5623786

s s 1 698102

$ 84455 $ 3925684


Ending balance



Ending balance


impairment s 73238784 s 77358689 $ 42272537 $ 182842999 $ 76846684 s 72237 1 2 s 459783405





21


December 3 1 20 1 4 and 2 0 1 3










22


December 3 1 20 1 4 and 201 3







23


Decem ber 3 1 2 0 1 4 and 2 0 1 3








Agricultural

$ 86246156

59570

$ 86305726

Agricultural

Real Estate

$ 81 726947

1 1 489

$ 81 738436

24

2014

Commercia l

$ 60466766 1 964601 2606288

26668

$ 65064323

Consumer

Real Estate

$ 98331305 1 1 60943

$ 99492248

Commercial

Real Estate Total

$ 248979 648 $47741 9517 6676943 8641544 6078101 8755448

26668

$ 261734692 $494843 177

Consumer

and Other Total

$ 8974157 $ 107305462 24219 1 1 85162

$ 8998376 $ 1 08490624

_ I

Agricultural







$ 73198803 $ 77508288 $ 41 961660 $ 178656731 137045 1 768952

39981 7509 2787500 259568 4324221 3759153

$ 73238784 $ 77515797 $ 49210426 $ 184444404

Consumer Consumer


$ 76078839 $ 7190047 2081061 33665

$ 78159900 $ 72237 12

Total

$371325482 1905997 3094558 8083374

$384409411

Total

$ 83268886 2 1 14726

$ 85383612




201 4

Total Loans gt 90


$ $ $ $ $ $ 86305726 $ 86305726


Commercial 1 14872 215674 209419 114717 654682 64409641 65064323




Total $ 1974017 $ 1225836 $ 289068 $ 1268850 $ 4757771 $ 598576030 $ 603333801

25

Agricultural


December 3 1 2 0 1 4 and 201 3

2013

Total Loans gt 90


$ $ $ $ $


$ 73238784 $ 73238784


Commercial 280097 204740 181053 560438 1226328 47984098 49210426




Total $ 2392083 $ 533251 $ 956619 $ 1458277 $ 5340230 $ 464452 793 $ 469793023



2 6


December 3 1 2 0 1 4 and 2 0 1 3

2014

Average

Unpaid Investment




Agricultural 59570 59570 8935 57 1 16


Commercial 2632956 2712541 408336 767738






2013

Average

Unpaid Investment




allovance

Commercial $ 40000 $ 70162 $ $ 70427





Commercial 6897889 6980003 1 052013 5629646





Total


Commercial 6937889 7050165 1052013 5700073




Interest

Income

Recognized

2558

747

32385

333654

40067

1863

4 1 1 274

Interest

Income

Recognized

$ 7747

$ 7747

321474

60279

58591

440344

329221

60279

58591

$ 448091


27

Interest

Income

Cash

Basis

4746

1515

39332

344178

5 1 977

2848

444596

Interest

Income

Cash

Basis

$ 2415

$ 2415

7337

10657

256840

60577

3354 1 1

7337

13072

256840

60577

$ 337826


December 3 1 20 1 4 and 2 0 1 3







N umber of TD Rs

1

4

6

N u m ber of TD Rs

1

2



$ 17664 $ 17664 $ 25368 $ 25368

1293527 1293527

$ 1336559 $ 1336559



$ 121968 $ 121 968

731 1 5 73 1 15

$ 195083 $ 1 95083


28

N ote 5


D ecember 3 1 2 0 1 4 and 2 0 1 3



2014





2013

$ 2648835 13644840 1 7594719

33888394 18138560

$ 15 749834


Fair Value Hedges



29


Decem ber 3 1 2 0 1 4 and 2 0 1 3







Fa i r Value Hedges

Interest rate swap

Cash Flow Hedges






(18196) $ 27550



30







$ 15000000 $ (355929)

2013




$ 15000000 $ 488578

N ote 7 G oodwill



Goodvill 19791321 1 976$321



3 1

I

N ote 8


Decem ber 3 1 2 0 1 4 and 201 3




2015 $ 14483083 1 2016 32838389 2017 3674206 2018 2441 696 2019 3261275 Thereafter 4433000

$ 191479397



32


December 3 1 2 0 1 4 and 2 0 1 3







Weighted

Average

Interest

Rate at Year End

NIA 044 217 217 275 1 60 1 37

2014

Balance Due

$ 52355406

3 63195 371155

10379290 5387603

25539635

94396284

(2921424)

$ 91474860

2013

Weighted

Average

Interest


040 $ 3 0347783 066 15355406 2 17 3 63 195 217 371155 277 1 0379290 1 60 5387603 1 41 25539634

87744066

(3403844)

$ 84340222



33


D ecember 3 1 2 0 1 4 and 2 0 1 3



2 0 1 4 2013


Net of Tax Amount $ 1556862 $ (255687)





2014

$ 637085 (237633)

$ 399452



$ (4853)

34


December 3 1 2 0 1 4 and 2 0 1 3



2014






$ 5000000

2 0 1 3

$ 1 385417

522002

490059

$ 2397478


35


December 3 1 2 0 1 4 and 20 1 3





201 4 20 1 3




36


D ecember 3 1 2 0 1 4 and 201 3


2 0 1 4 201 3








20 1 4 201 3

Deferred tax assets



Other 161 216 121098



4 126343 3822039





Goodvvill 3127366 2823561



5649484 4424406


37


December 3 1 2 0 1 4 and 2 0 1 3





38


December 3 1 2 0 1 4 and 2 0 1 3


















39


December 3 1 2 0 1 4 a n d 20 1 3











40


D ecember 3 1 20 1 4 a n d 201 3








4 1


December 3 1 2 0 1 4 a n d 2 0 1 3


Allocated shares



Ending ESOP shares


2014

2575

75

759

3409

3098238

20 1 3

2648

56

473

3 177

$ 1 8 1 1 590







42


December 3 1 2 0 1 4 and 2 0 1 3









Fair Value

$ 24578999

85 1 1 983

26022339 68464005

(53 125 1)

Fair Value

$ 25804500

941871 1

40582910 72988946

488578 (599974)

$

$


Quoted

Prices in

Active Significant



$ 24578999 $

851 1983

26022339 68464005

(53 1251)


Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

43

Significant

Other

Observable

Inputs (Level 2)

$ 25804500

94187 1 1

40582910 72988946

488578 (599974)

$

Sign ificant

Unobservable

I n puts (Level 3)


December 3 1 2 0 1 4 a n d 2 0 1 3








Fair Valu e



Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

44

$

Significant

Other

Observable I nputs

(Level 2)

2013

$

Significant


Level 3)

8561288


December 3 1 2 0 1 4 and 201 3


Fair Value


Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

$

Significant

Other

Observable

I nputs (Level 2)

$

Significant

U nobservable

Inputs (Level 3)

83 1 1516





45


December 3 1 2 0 1 4 and 2 0 1 3














Loans Held For Sale


46

Loans


D ecember 3 1 2 0 1 4 a n d 2 0 1 3




Deposits









4 7


December 3 1 2 0 1 4 and 20 1 3



General Litigation









48

Lines of Credit


December 3 1 2 0 1 4 a n d 2 0 1 3








49


100



100





I

100



Reinbeck IA 1H 1 if



























FR Y-6













Inc 1 553 of common


1) 2) (3)(a)



FR Y-6



3)(b) 3)(c)



4Hal (4)(b) (4)(cl




1 ) 2) 13lal


FR Y-6



3)(b) (3lcl


(4)(a) (4)(b) 4Hcl



None None


( 1 ) 2) (3)(a)


FR Y-6



3)(b) 3)(c)




4)a) 4)b) 4)(c)





1) 2) (3)a)


FR Y-6



3)(b) (3)(c)



4)(a) (4)(b) 4)(c)



in partnership)

1) 2) 3)(a)



FR Y-6



3)(b) 3)(c)


4)(a) (4)(b) 4Hcl



1 ) 2) (3)(a)




FR Y-6



3)(b) (3)(c)



14)(a) (4)(b) 4)(c)




1) 2) 3)(a)




department store

FR Y-6



(3)(b) 3)(c)



4)(a) 4)(b) (4)(c)




1) (2) 3)(a)




Savings Bank

FR Y-6



(3)(b) (3)(c)



4(a 4(b (4(c)




(1 ) 2) 3)(a)





FR Y-6



3)(b) 3Hcl


NA NA

NA NA

4)(a) (4)(b) 4)(c)





FR Y-6 Cover Page







Opinion




December 3 1 2 0 1 4 a n d 2013

Assets


Federal funds sold


Loans held for sale



Other real estate

Interest receivable


Other investments

Goodwill


Other

Total assets


2014

$ 1 6499351

1 86000

127577326

7912120

597178815

19802597

751305

5076794

14416258

6589908

19855322

224088

2267836

$ 8 18337720

2013

$ 14900983

148795067

6402 107

464554994

1 5749834

3804415

4700657

1 1 893759

59 1 6096

19791321

353088

1 921 787

$ 698784108




Total deposits


Total liabilities








$

2014

87355746 1 1 8386526 1 54791695 54954008

191 479397 606967372

28582531 9 1 474860

5000000 9279000

10267372 751571135

1543800 17 1 19872 49630003

1556862

(3083952)

66766585

$ 8 18337720

$

2013

84235337 1 03037901 1421 80662 5 1 638599

1 17 922632 499015 1 3 1

4442000 31333154 84340222 2397478 9279000 75221 00

638329085

1 543800 16875715 44846787

(255687)

(8 12000) ( 1743592)

60455023

$ 698784108





















2013

$ 21 441085

2859844 1 437221

9987 25748137

2322435

226998 1 477792

370021 4397246

21 350891

776102

20574789

1 938035 1 330092

472437 989869

1040320 5646677

(7740) 1 3 1 9360

12729050

1 5865836 1 877741 2676852 6687354

27107783

61 96056

1 35 1 916

$ 4844140



2014











2013

$ 4844140

(7 596646)

7740 (2830662)

(4758244)

488578 (182240)

306338

( 445 1906)

$ 392234










Common

Stock

$ 1543800

1543800

$ 1543800

Additional

Paid-Jn

Capita l middot

$ 16875715

16875715

135052

109105

$ 17119872

Retained

Earnings

$ 41067127 4844140

(1064480)

44846787

5999636

(l216420)

$ 49630003

middotaj

Accumulated

Other U nearned



$ 4196219 $ (812000) $ (1424091) $ 61446770 4844140

(4451906) (4451906) (1064480)

(500000) (500000) 180499 180499

(255687) (812000) (1743592) 60455023

5999636 1812549 18 12549

(1216420) 812000 947052

(1583304) (1583304) 242944 352049

$ 1556862 $ $ (3083952) $ 66766585











$

2014

5999636

1989738 129000

1291000 5 16150

30992 (4865334)

(637085) (40322)

(170576078) 173931400

(522499) (376137) (323767) 804750

7351444

(2000000) (14858907) 39897380

(673812) (134778952)

(6042502) 3957563 (186000)

(2395330) 152014 (64001)

(116992547)

2013

$ 4844140

1864486 129000 776102 668257 134720

(5646677) 7740

( 11164) (204448200) 241684577

(455123) (592348) 558298

83812

39597620

(33496960) 24372826 (1247806)

(100992958) (3738177)

206164

113256 (25000)

(1 14808655)












$ 42203781

9110388 68oooooo

(40659778) (9349000)

(197917) ( 1064480)

68042994

(7168041)

22069024

$ 14900983

$ 4436367 $ 1753080 $ 3849415

$ (4758244) $ 25000


December 3 1 2 0 14 a n d 2 0 1 3






Use of Estimates



Revenue Recognition


1 1

Securities





Loans Held for Sale


Loans





1 2











December 3 1 2014 and 20 1 3






10 - 50 years 3 - 1 0 years









2015 2016

1 4

$ 129000 95088

$ 224088

Derivatives


December 3 1 2 0 1 4 a n d 2 0 1 3





Treasury Stock


Trust Assets




1 5

Income Taxes


December 3 1 2 0 1 4 and 2 0 1 3






Reclassification




1 6

N ote 3



Securities







$ 124773901 $ 3804793 $ (1001367) $ 127577326






$ 149691439 $ 2698884 $ (3595256) $ 148795067


1 7




Amortized Cost

$ 3548156 6042296

47102698 33623782 90316932


$ 124773901

Fair Value

$ 3566239 6183529

48477033 34816203 93043004

8511983 26022339

$ 127577326







December 31 2 0 1 4








Fair Value

$ $

$ $

Losses Fair Value

$ 9770400

3864421

8692030

14453346

$ 36780196

1 8


$ (229600) $ 9770400 $ (229600) (91708) 3864421 (91708)

(175139) 8692030 (175139)

(504920) 14453346 (504920)

$ (1001367) $ 36780196 $ (1001367



December 31 2013














Total loans


Net loans

1 9

2014

$ 6 104900 195300 279208

10500

$ 6589908

2014

$ 86305726 81738436 65064323

261734692 99492248

8998376 603333801

(295183) 6450169

$ 597178815

Total

Unrealized

Fair Value Losses

$ 9335250 $ (664750)

4288578 (124685)

34910709 (792234)

16026437 (2013587)

$ 64560974 $ (3595256)

2013

$ 5431100 195300 279196

10500

$ 5916096

2013

$ 73238784 77515797 49210426

184444404 78159900

7223712 469793023

(385757) 5623786

$ 464554994


D ecember 3 1 2 0 1 4 and 2 0 1 3


2014







Recoveries 25000 150758 7904 1299 20847 205808


Ending balance


impainnent $ 8935 s 1 723 s 408336 $ 731291 $ 120822 $ 3376 $ 1 274483

Ending balance


impairment s 1000167 $ 176364 $ 7 1 1 664 $ 2861852 $ 205974 s 2 19665 s 5175686

Loans


Ending balance



Ending balance


impainnent $ 86246 156 $ 81726947 s 62431367 $ 255656591 s 98461109 $ 8975860 s 593498030

20




Losses charged off

Recoveries

Balance end of year

Ending balance


impairment

Ending balance


impairment

Loans


December 3 1 201 4 and 2 0 1 3

2013



s 655667 s 88374 $ 21 80440 s 171 6530 s 458970

1 14395 65307 (49380) 292400 3 1 1 677

(131929) (58631) (134797)

30267 41

$ 770062 s 153681 $ 2029398 $ 1950299 $ 635891

s s 38608 $ 1052013 $ 314645 s 292836

s 770062 $ J 1 5073 s 977385 s 1635654 s 343055

Consumer

and Other Total

$ 77630 $ 51776 1 1

41 703 776102

(58574) (38393 1)

23696 54004

s 84455 $ 5623786

s s 1 698102

$ 84455 $ 3925684


Ending balance



Ending balance


impairment s 73238784 s 77358689 $ 42272537 $ 182842999 $ 76846684 s 72237 1 2 s 459783405





21


December 3 1 20 1 4 and 2 0 1 3










22


December 3 1 20 1 4 and 201 3







23


Decem ber 3 1 2 0 1 4 and 2 0 1 3








Agricultural

$ 86246156

59570

$ 86305726

Agricultural

Real Estate

$ 81 726947

1 1 489

$ 81 738436

24

2014

Commercia l

$ 60466766 1 964601 2606288

26668

$ 65064323

Consumer

Real Estate

$ 98331305 1 1 60943

$ 99492248

Commercial

Real Estate Total

$ 248979 648 $47741 9517 6676943 8641544 6078101 8755448

26668

$ 261734692 $494843 177

Consumer

and Other Total

$ 8974157 $ 107305462 24219 1 1 85162

$ 8998376 $ 1 08490624

_ I

Agricultural







$ 73198803 $ 77508288 $ 41 961660 $ 178656731 137045 1 768952

39981 7509 2787500 259568 4324221 3759153

$ 73238784 $ 77515797 $ 49210426 $ 184444404

Consumer Consumer


$ 76078839 $ 7190047 2081061 33665

$ 78159900 $ 72237 12

Total

$371325482 1905997 3094558 8083374

$384409411

Total

$ 83268886 2 1 14726

$ 85383612




201 4

Total Loans gt 90


$ $ $ $ $ $ 86305726 $ 86305726


Commercial 1 14872 215674 209419 114717 654682 64409641 65064323




Total $ 1974017 $ 1225836 $ 289068 $ 1268850 $ 4757771 $ 598576030 $ 603333801

25

Agricultural


December 3 1 2 0 1 4 and 201 3

2013

Total Loans gt 90


$ $ $ $ $


$ 73238784 $ 73238784


Commercial 280097 204740 181053 560438 1226328 47984098 49210426




Total $ 2392083 $ 533251 $ 956619 $ 1458277 $ 5340230 $ 464452 793 $ 469793023



2 6


December 3 1 2 0 1 4 and 2 0 1 3

2014

Average

Unpaid Investment




Agricultural 59570 59570 8935 57 1 16


Commercial 2632956 2712541 408336 767738






2013

Average

Unpaid Investment




allovance

Commercial $ 40000 $ 70162 $ $ 70427





Commercial 6897889 6980003 1 052013 5629646





Total


Commercial 6937889 7050165 1052013 5700073




Interest

Income

Recognized

2558

747

32385

333654

40067

1863

4 1 1 274

Interest

Income

Recognized

$ 7747

$ 7747

321474

60279

58591

440344

329221

60279

58591

$ 448091


27

Interest

Income

Cash

Basis

4746

1515

39332

344178

5 1 977

2848

444596

Interest

Income

Cash

Basis

$ 2415

$ 2415

7337

10657

256840

60577

3354 1 1

7337

13072

256840

60577

$ 337826


December 3 1 20 1 4 and 2 0 1 3







N umber of TD Rs

1

4

6

N u m ber of TD Rs

1

2



$ 17664 $ 17664 $ 25368 $ 25368

1293527 1293527

$ 1336559 $ 1336559



$ 121968 $ 121 968

731 1 5 73 1 15

$ 195083 $ 1 95083


28

N ote 5


D ecember 3 1 2 0 1 4 and 2 0 1 3



2014





2013

$ 2648835 13644840 1 7594719

33888394 18138560

$ 15 749834


Fair Value Hedges



29


Decem ber 3 1 2 0 1 4 and 2 0 1 3







Fa i r Value Hedges

Interest rate swap

Cash Flow Hedges






(18196) $ 27550



30







$ 15000000 $ (355929)

2013




$ 15000000 $ 488578

N ote 7 G oodwill



Goodvill 19791321 1 976$321



3 1

I

N ote 8


Decem ber 3 1 2 0 1 4 and 201 3




2015 $ 14483083 1 2016 32838389 2017 3674206 2018 2441 696 2019 3261275 Thereafter 4433000

$ 191479397



32


December 3 1 2 0 1 4 and 2 0 1 3







Weighted

Average

Interest

Rate at Year End

NIA 044 217 217 275 1 60 1 37

2014

Balance Due

$ 52355406

3 63195 371155

10379290 5387603

25539635

94396284

(2921424)

$ 91474860

2013

Weighted

Average

Interest


040 $ 3 0347783 066 15355406 2 17 3 63 195 217 371155 277 1 0379290 1 60 5387603 1 41 25539634

87744066

(3403844)

$ 84340222



33


D ecember 3 1 2 0 1 4 and 2 0 1 3



2 0 1 4 2013


Net of Tax Amount $ 1556862 $ (255687)





2014

$ 637085 (237633)

$ 399452



$ (4853)

34


December 3 1 2 0 1 4 and 2 0 1 3



2014






$ 5000000

2 0 1 3

$ 1 385417

522002

490059

$ 2397478


35


December 3 1 2 0 1 4 and 20 1 3





201 4 20 1 3




36


D ecember 3 1 2 0 1 4 and 201 3


2 0 1 4 201 3








20 1 4 201 3

Deferred tax assets



Other 161 216 121098



4 126343 3822039





Goodvvill 3127366 2823561



5649484 4424406


37


December 3 1 2 0 1 4 and 2 0 1 3





38


December 3 1 2 0 1 4 and 2 0 1 3


















39


December 3 1 2 0 1 4 a n d 20 1 3











40


D ecember 3 1 20 1 4 a n d 201 3








4 1


December 3 1 2 0 1 4 a n d 2 0 1 3


Allocated shares



Ending ESOP shares


2014

2575

75

759

3409

3098238

20 1 3

2648

56

473

3 177

$ 1 8 1 1 590







42


December 3 1 2 0 1 4 and 2 0 1 3









Fair Value

$ 24578999

85 1 1 983

26022339 68464005

(53 125 1)

Fair Value

$ 25804500

941871 1

40582910 72988946

488578 (599974)

$

$


Quoted

Prices in

Active Significant



$ 24578999 $

851 1983

26022339 68464005

(53 1251)


Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

43

Significant

Other

Observable

Inputs (Level 2)

$ 25804500

94187 1 1

40582910 72988946

488578 (599974)

$

Sign ificant

Unobservable

I n puts (Level 3)


December 3 1 2 0 1 4 a n d 2 0 1 3








Fair Valu e



Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

44

$

Significant

Other

Observable I nputs

(Level 2)

2013

$

Significant


Level 3)

8561288


December 3 1 2 0 1 4 and 201 3


Fair Value


Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

$

Significant

Other

Observable

I nputs (Level 2)

$

Significant

U nobservable

Inputs (Level 3)

83 1 1516





45


December 3 1 2 0 1 4 and 2 0 1 3














Loans Held For Sale


46

Loans


D ecember 3 1 2 0 1 4 a n d 2 0 1 3




Deposits









4 7


December 3 1 2 0 1 4 and 20 1 3



General Litigation









48

Lines of Credit


December 3 1 2 0 1 4 a n d 2 0 1 3








49


100



100





I

100



Reinbeck IA 1H 1 if



























FR Y-6













Inc 1 553 of common


1) 2) (3)(a)



FR Y-6



3)(b) 3)(c)



4Hal (4)(b) (4)(cl




1 ) 2) 13lal


FR Y-6



3)(b) (3lcl


(4)(a) (4)(b) 4Hcl



None None


( 1 ) 2) (3)(a)


FR Y-6



3)(b) 3)(c)




4)a) 4)b) 4)(c)





1) 2) (3)a)


FR Y-6



3)(b) (3)(c)



4)(a) (4)(b) 4)(c)



in partnership)

1) 2) 3)(a)



FR Y-6



3)(b) 3)(c)


4)(a) (4)(b) 4Hcl



1 ) 2) (3)(a)




FR Y-6



3)(b) (3)(c)



14)(a) (4)(b) 4)(c)




1) 2) 3)(a)




department store

FR Y-6



(3)(b) 3)(c)



4)(a) 4)(b) (4)(c)




1) (2) 3)(a)




Savings Bank

FR Y-6



(3)(b) (3)(c)



4(a 4(b (4(c)




(1 ) 2) 3)(a)





FR Y-6



3)(b) 3Hcl


NA NA

NA NA

4)(a) (4)(b) 4)(c)





FR Y-6 Cover Page







December 3 1 2 0 1 4 a n d 2013

Assets


Federal funds sold


Loans held for sale



Other real estate

Interest receivable


Other investments

Goodwill


Other

Total assets


2014

$ 1 6499351

1 86000

127577326

7912120

597178815

19802597

751305

5076794

14416258

6589908

19855322

224088

2267836

$ 8 18337720

2013

$ 14900983

148795067

6402 107

464554994

1 5749834

3804415

4700657

1 1 893759

59 1 6096

19791321

353088

1 921 787

$ 698784108




Total deposits


Total liabilities








$

2014

87355746 1 1 8386526 1 54791695 54954008

191 479397 606967372

28582531 9 1 474860

5000000 9279000

10267372 751571135

1543800 17 1 19872 49630003

1556862

(3083952)

66766585

$ 8 18337720

$

2013

84235337 1 03037901 1421 80662 5 1 638599

1 17 922632 499015 1 3 1

4442000 31333154 84340222 2397478 9279000 75221 00

638329085

1 543800 16875715 44846787

(255687)

(8 12000) ( 1743592)

60455023

$ 698784108





















2013

$ 21 441085

2859844 1 437221

9987 25748137

2322435

226998 1 477792

370021 4397246

21 350891

776102

20574789

1 938035 1 330092

472437 989869

1040320 5646677

(7740) 1 3 1 9360

12729050

1 5865836 1 877741 2676852 6687354

27107783

61 96056

1 35 1 916

$ 4844140



2014











2013

$ 4844140

(7 596646)

7740 (2830662)

(4758244)

488578 (182240)

306338

( 445 1906)

$ 392234










Common

Stock

$ 1543800

1543800

$ 1543800

Additional

Paid-Jn

Capita l middot

$ 16875715

16875715

135052

109105

$ 17119872

Retained

Earnings

$ 41067127 4844140

(1064480)

44846787

5999636

(l216420)

$ 49630003

middotaj

Accumulated

Other U nearned



$ 4196219 $ (812000) $ (1424091) $ 61446770 4844140

(4451906) (4451906) (1064480)

(500000) (500000) 180499 180499

(255687) (812000) (1743592) 60455023

5999636 1812549 18 12549

(1216420) 812000 947052

(1583304) (1583304) 242944 352049

$ 1556862 $ $ (3083952) $ 66766585











$

2014

5999636

1989738 129000

1291000 5 16150

30992 (4865334)

(637085) (40322)

(170576078) 173931400

(522499) (376137) (323767) 804750

7351444

(2000000) (14858907) 39897380

(673812) (134778952)

(6042502) 3957563 (186000)

(2395330) 152014 (64001)

(116992547)

2013

$ 4844140

1864486 129000 776102 668257 134720

(5646677) 7740

( 11164) (204448200) 241684577

(455123) (592348) 558298

83812

39597620

(33496960) 24372826 (1247806)

(100992958) (3738177)

206164

113256 (25000)

(1 14808655)












$ 42203781

9110388 68oooooo

(40659778) (9349000)

(197917) ( 1064480)

68042994

(7168041)

22069024

$ 14900983

$ 4436367 $ 1753080 $ 3849415

$ (4758244) $ 25000


December 3 1 2 0 14 a n d 2 0 1 3






Use of Estimates



Revenue Recognition


1 1

Securities





Loans Held for Sale


Loans





1 2











December 3 1 2014 and 20 1 3






10 - 50 years 3 - 1 0 years









2015 2016

1 4

$ 129000 95088

$ 224088

Derivatives


December 3 1 2 0 1 4 a n d 2 0 1 3





Treasury Stock


Trust Assets




1 5

Income Taxes


December 3 1 2 0 1 4 and 2 0 1 3






Reclassification




1 6

N ote 3



Securities







$ 124773901 $ 3804793 $ (1001367) $ 127577326






$ 149691439 $ 2698884 $ (3595256) $ 148795067


1 7




Amortized Cost

$ 3548156 6042296

47102698 33623782 90316932


$ 124773901

Fair Value

$ 3566239 6183529

48477033 34816203 93043004

8511983 26022339

$ 127577326







December 31 2 0 1 4








Fair Value

$ $

$ $

Losses Fair Value

$ 9770400

3864421

8692030

14453346

$ 36780196

1 8


$ (229600) $ 9770400 $ (229600) (91708) 3864421 (91708)

(175139) 8692030 (175139)

(504920) 14453346 (504920)

$ (1001367) $ 36780196 $ (1001367



December 31 2013














Total loans


Net loans

1 9

2014

$ 6 104900 195300 279208

10500

$ 6589908

2014

$ 86305726 81738436 65064323

261734692 99492248

8998376 603333801

(295183) 6450169

$ 597178815

Total

Unrealized

Fair Value Losses

$ 9335250 $ (664750)

4288578 (124685)

34910709 (792234)

16026437 (2013587)

$ 64560974 $ (3595256)

2013

$ 5431100 195300 279196

10500

$ 5916096

2013

$ 73238784 77515797 49210426

184444404 78159900

7223712 469793023

(385757) 5623786

$ 464554994


D ecember 3 1 2 0 1 4 and 2 0 1 3


2014







Recoveries 25000 150758 7904 1299 20847 205808


Ending balance


impainnent $ 8935 s 1 723 s 408336 $ 731291 $ 120822 $ 3376 $ 1 274483

Ending balance


impairment s 1000167 $ 176364 $ 7 1 1 664 $ 2861852 $ 205974 s 2 19665 s 5175686

Loans


Ending balance



Ending balance


impainnent $ 86246 156 $ 81726947 s 62431367 $ 255656591 s 98461109 $ 8975860 s 593498030

20




Losses charged off

Recoveries

Balance end of year

Ending balance


impairment

Ending balance


impairment

Loans


December 3 1 201 4 and 2 0 1 3

2013



s 655667 s 88374 $ 21 80440 s 171 6530 s 458970

1 14395 65307 (49380) 292400 3 1 1 677

(131929) (58631) (134797)

30267 41

$ 770062 s 153681 $ 2029398 $ 1950299 $ 635891

s s 38608 $ 1052013 $ 314645 s 292836

s 770062 $ J 1 5073 s 977385 s 1635654 s 343055

Consumer

and Other Total

$ 77630 $ 51776 1 1

41 703 776102

(58574) (38393 1)

23696 54004

s 84455 $ 5623786

s s 1 698102

$ 84455 $ 3925684


Ending balance



Ending balance


impairment s 73238784 s 77358689 $ 42272537 $ 182842999 $ 76846684 s 72237 1 2 s 459783405





21


December 3 1 20 1 4 and 2 0 1 3










22


December 3 1 20 1 4 and 201 3







23


Decem ber 3 1 2 0 1 4 and 2 0 1 3








Agricultural

$ 86246156

59570

$ 86305726

Agricultural

Real Estate

$ 81 726947

1 1 489

$ 81 738436

24

2014

Commercia l

$ 60466766 1 964601 2606288

26668

$ 65064323

Consumer

Real Estate

$ 98331305 1 1 60943

$ 99492248

Commercial

Real Estate Total

$ 248979 648 $47741 9517 6676943 8641544 6078101 8755448

26668

$ 261734692 $494843 177

Consumer

and Other Total

$ 8974157 $ 107305462 24219 1 1 85162

$ 8998376 $ 1 08490624

_ I

Agricultural







$ 73198803 $ 77508288 $ 41 961660 $ 178656731 137045 1 768952

39981 7509 2787500 259568 4324221 3759153

$ 73238784 $ 77515797 $ 49210426 $ 184444404

Consumer Consumer


$ 76078839 $ 7190047 2081061 33665

$ 78159900 $ 72237 12

Total

$371325482 1905997 3094558 8083374

$384409411

Total

$ 83268886 2 1 14726

$ 85383612




201 4

Total Loans gt 90


$ $ $ $ $ $ 86305726 $ 86305726


Commercial 1 14872 215674 209419 114717 654682 64409641 65064323




Total $ 1974017 $ 1225836 $ 289068 $ 1268850 $ 4757771 $ 598576030 $ 603333801

25

Agricultural


December 3 1 2 0 1 4 and 201 3

2013

Total Loans gt 90


$ $ $ $ $


$ 73238784 $ 73238784


Commercial 280097 204740 181053 560438 1226328 47984098 49210426




Total $ 2392083 $ 533251 $ 956619 $ 1458277 $ 5340230 $ 464452 793 $ 469793023



2 6


December 3 1 2 0 1 4 and 2 0 1 3

2014

Average

Unpaid Investment




Agricultural 59570 59570 8935 57 1 16


Commercial 2632956 2712541 408336 767738






2013

Average

Unpaid Investment




allovance

Commercial $ 40000 $ 70162 $ $ 70427





Commercial 6897889 6980003 1 052013 5629646





Total


Commercial 6937889 7050165 1052013 5700073




Interest

Income

Recognized

2558

747

32385

333654

40067

1863

4 1 1 274

Interest

Income

Recognized

$ 7747

$ 7747

321474

60279

58591

440344

329221

60279

58591

$ 448091


27

Interest

Income

Cash

Basis

4746

1515

39332

344178

5 1 977

2848

444596

Interest

Income

Cash

Basis

$ 2415

$ 2415

7337

10657

256840

60577

3354 1 1

7337

13072

256840

60577

$ 337826


December 3 1 20 1 4 and 2 0 1 3







N umber of TD Rs

1

4

6

N u m ber of TD Rs

1

2



$ 17664 $ 17664 $ 25368 $ 25368

1293527 1293527

$ 1336559 $ 1336559



$ 121968 $ 121 968

731 1 5 73 1 15

$ 195083 $ 1 95083


28

N ote 5


D ecember 3 1 2 0 1 4 and 2 0 1 3



2014





2013

$ 2648835 13644840 1 7594719

33888394 18138560

$ 15 749834


Fair Value Hedges



29


Decem ber 3 1 2 0 1 4 and 2 0 1 3







Fa i r Value Hedges

Interest rate swap

Cash Flow Hedges






(18196) $ 27550



30







$ 15000000 $ (355929)

2013




$ 15000000 $ 488578

N ote 7 G oodwill



Goodvill 19791321 1 976$321



3 1

I

N ote 8


Decem ber 3 1 2 0 1 4 and 201 3




2015 $ 14483083 1 2016 32838389 2017 3674206 2018 2441 696 2019 3261275 Thereafter 4433000

$ 191479397



32


December 3 1 2 0 1 4 and 2 0 1 3







Weighted

Average

Interest

Rate at Year End

NIA 044 217 217 275 1 60 1 37

2014

Balance Due

$ 52355406

3 63195 371155

10379290 5387603

25539635

94396284

(2921424)

$ 91474860

2013

Weighted

Average

Interest


040 $ 3 0347783 066 15355406 2 17 3 63 195 217 371155 277 1 0379290 1 60 5387603 1 41 25539634

87744066

(3403844)

$ 84340222



33


D ecember 3 1 2 0 1 4 and 2 0 1 3



2 0 1 4 2013


Net of Tax Amount $ 1556862 $ (255687)





2014

$ 637085 (237633)

$ 399452



$ (4853)

34


December 3 1 2 0 1 4 and 2 0 1 3



2014






$ 5000000

2 0 1 3

$ 1 385417

522002

490059

$ 2397478


35


December 3 1 2 0 1 4 and 20 1 3





201 4 20 1 3




36


D ecember 3 1 2 0 1 4 and 201 3


2 0 1 4 201 3








20 1 4 201 3

Deferred tax assets



Other 161 216 121098



4 126343 3822039





Goodvvill 3127366 2823561



5649484 4424406


37


December 3 1 2 0 1 4 and 2 0 1 3





38


December 3 1 2 0 1 4 and 2 0 1 3


















39


December 3 1 2 0 1 4 a n d 20 1 3











40


D ecember 3 1 20 1 4 a n d 201 3








4 1


December 3 1 2 0 1 4 a n d 2 0 1 3


Allocated shares



Ending ESOP shares


2014

2575

75

759

3409

3098238

20 1 3

2648

56

473

3 177

$ 1 8 1 1 590







42


December 3 1 2 0 1 4 and 2 0 1 3









Fair Value

$ 24578999

85 1 1 983

26022339 68464005

(53 125 1)

Fair Value

$ 25804500

941871 1

40582910 72988946

488578 (599974)

$

$


Quoted

Prices in

Active Significant



$ 24578999 $

851 1983

26022339 68464005

(53 1251)


Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

43

Significant

Other

Observable

Inputs (Level 2)

$ 25804500

94187 1 1

40582910 72988946

488578 (599974)

$

Sign ificant

Unobservable

I n puts (Level 3)


December 3 1 2 0 1 4 a n d 2 0 1 3








Fair Valu e



Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

44

$

Significant

Other

Observable I nputs

(Level 2)

2013

$

Significant


Level 3)

8561288


December 3 1 2 0 1 4 and 201 3


Fair Value


Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

$

Significant

Other

Observable

I nputs (Level 2)

$

Significant

U nobservable

Inputs (Level 3)

83 1 1516





45


December 3 1 2 0 1 4 and 2 0 1 3














Loans Held For Sale


46

Loans


D ecember 3 1 2 0 1 4 a n d 2 0 1 3




Deposits









4 7


December 3 1 2 0 1 4 and 20 1 3



General Litigation









48

Lines of Credit


December 3 1 2 0 1 4 a n d 2 0 1 3








49


100



100





I

100



Reinbeck IA 1H 1 if



























FR Y-6













Inc 1 553 of common


1) 2) (3)(a)



FR Y-6



3)(b) 3)(c)



4Hal (4)(b) (4)(cl




1 ) 2) 13lal


FR Y-6



3)(b) (3lcl


(4)(a) (4)(b) 4Hcl



None None


( 1 ) 2) (3)(a)


FR Y-6



3)(b) 3)(c)




4)a) 4)b) 4)(c)





1) 2) (3)a)


FR Y-6



3)(b) (3)(c)



4)(a) (4)(b) 4)(c)



in partnership)

1) 2) 3)(a)



FR Y-6



3)(b) 3)(c)


4)(a) (4)(b) 4Hcl



1 ) 2) (3)(a)




FR Y-6



3)(b) (3)(c)



14)(a) (4)(b) 4)(c)




1) 2) 3)(a)




department store

FR Y-6



(3)(b) 3)(c)



4)(a) 4)(b) (4)(c)




1) (2) 3)(a)




Savings Bank

FR Y-6



(3)(b) (3)(c)



4(a 4(b (4(c)




(1 ) 2) 3)(a)





FR Y-6



3)(b) 3Hcl


NA NA

NA NA

4)(a) (4)(b) 4)(c)





FR Y-6 Cover Page









Total deposits


Total liabilities








$

2014

87355746 1 1 8386526 1 54791695 54954008

191 479397 606967372

28582531 9 1 474860

5000000 9279000

10267372 751571135

1543800 17 1 19872 49630003

1556862

(3083952)

66766585

$ 8 18337720

$

2013

84235337 1 03037901 1421 80662 5 1 638599

1 17 922632 499015 1 3 1

4442000 31333154 84340222 2397478 9279000 75221 00

638329085

1 543800 16875715 44846787

(255687)

(8 12000) ( 1743592)

60455023

$ 698784108





















2013

$ 21 441085

2859844 1 437221

9987 25748137

2322435

226998 1 477792

370021 4397246

21 350891

776102

20574789

1 938035 1 330092

472437 989869

1040320 5646677

(7740) 1 3 1 9360

12729050

1 5865836 1 877741 2676852 6687354

27107783

61 96056

1 35 1 916

$ 4844140



2014











2013

$ 4844140

(7 596646)

7740 (2830662)

(4758244)

488578 (182240)

306338

( 445 1906)

$ 392234










Common

Stock

$ 1543800

1543800

$ 1543800

Additional

Paid-Jn

Capita l middot

$ 16875715

16875715

135052

109105

$ 17119872

Retained

Earnings

$ 41067127 4844140

(1064480)

44846787

5999636

(l216420)

$ 49630003

middotaj

Accumulated

Other U nearned



$ 4196219 $ (812000) $ (1424091) $ 61446770 4844140

(4451906) (4451906) (1064480)

(500000) (500000) 180499 180499

(255687) (812000) (1743592) 60455023

5999636 1812549 18 12549

(1216420) 812000 947052

(1583304) (1583304) 242944 352049

$ 1556862 $ $ (3083952) $ 66766585











$

2014

5999636

1989738 129000

1291000 5 16150

30992 (4865334)

(637085) (40322)

(170576078) 173931400

(522499) (376137) (323767) 804750

7351444

(2000000) (14858907) 39897380

(673812) (134778952)

(6042502) 3957563 (186000)

(2395330) 152014 (64001)

(116992547)

2013

$ 4844140

1864486 129000 776102 668257 134720

(5646677) 7740

( 11164) (204448200) 241684577

(455123) (592348) 558298

83812

39597620

(33496960) 24372826 (1247806)

(100992958) (3738177)

206164

113256 (25000)

(1 14808655)












$ 42203781

9110388 68oooooo

(40659778) (9349000)

(197917) ( 1064480)

68042994

(7168041)

22069024

$ 14900983

$ 4436367 $ 1753080 $ 3849415

$ (4758244) $ 25000


December 3 1 2 0 14 a n d 2 0 1 3






Use of Estimates



Revenue Recognition


1 1

Securities





Loans Held for Sale


Loans





1 2











December 3 1 2014 and 20 1 3






10 - 50 years 3 - 1 0 years









2015 2016

1 4

$ 129000 95088

$ 224088

Derivatives


December 3 1 2 0 1 4 a n d 2 0 1 3





Treasury Stock


Trust Assets




1 5

Income Taxes


December 3 1 2 0 1 4 and 2 0 1 3






Reclassification




1 6

N ote 3



Securities







$ 124773901 $ 3804793 $ (1001367) $ 127577326






$ 149691439 $ 2698884 $ (3595256) $ 148795067


1 7




Amortized Cost

$ 3548156 6042296

47102698 33623782 90316932


$ 124773901

Fair Value

$ 3566239 6183529

48477033 34816203 93043004

8511983 26022339

$ 127577326







December 31 2 0 1 4








Fair Value

$ $

$ $

Losses Fair Value

$ 9770400

3864421

8692030

14453346

$ 36780196

1 8


$ (229600) $ 9770400 $ (229600) (91708) 3864421 (91708)

(175139) 8692030 (175139)

(504920) 14453346 (504920)

$ (1001367) $ 36780196 $ (1001367



December 31 2013














Total loans


Net loans

1 9

2014

$ 6 104900 195300 279208

10500

$ 6589908

2014

$ 86305726 81738436 65064323

261734692 99492248

8998376 603333801

(295183) 6450169

$ 597178815

Total

Unrealized

Fair Value Losses

$ 9335250 $ (664750)

4288578 (124685)

34910709 (792234)

16026437 (2013587)

$ 64560974 $ (3595256)

2013

$ 5431100 195300 279196

10500

$ 5916096

2013

$ 73238784 77515797 49210426

184444404 78159900

7223712 469793023

(385757) 5623786

$ 464554994


D ecember 3 1 2 0 1 4 and 2 0 1 3


2014







Recoveries 25000 150758 7904 1299 20847 205808


Ending balance


impainnent $ 8935 s 1 723 s 408336 $ 731291 $ 120822 $ 3376 $ 1 274483

Ending balance


impairment s 1000167 $ 176364 $ 7 1 1 664 $ 2861852 $ 205974 s 2 19665 s 5175686

Loans


Ending balance



Ending balance


impainnent $ 86246 156 $ 81726947 s 62431367 $ 255656591 s 98461109 $ 8975860 s 593498030

20




Losses charged off

Recoveries

Balance end of year

Ending balance


impairment

Ending balance


impairment

Loans


December 3 1 201 4 and 2 0 1 3

2013



s 655667 s 88374 $ 21 80440 s 171 6530 s 458970

1 14395 65307 (49380) 292400 3 1 1 677

(131929) (58631) (134797)

30267 41

$ 770062 s 153681 $ 2029398 $ 1950299 $ 635891

s s 38608 $ 1052013 $ 314645 s 292836

s 770062 $ J 1 5073 s 977385 s 1635654 s 343055

Consumer

and Other Total

$ 77630 $ 51776 1 1

41 703 776102

(58574) (38393 1)

23696 54004

s 84455 $ 5623786

s s 1 698102

$ 84455 $ 3925684


Ending balance



Ending balance


impairment s 73238784 s 77358689 $ 42272537 $ 182842999 $ 76846684 s 72237 1 2 s 459783405





21


December 3 1 20 1 4 and 2 0 1 3










22


December 3 1 20 1 4 and 201 3







23


Decem ber 3 1 2 0 1 4 and 2 0 1 3








Agricultural

$ 86246156

59570

$ 86305726

Agricultural

Real Estate

$ 81 726947

1 1 489

$ 81 738436

24

2014

Commercia l

$ 60466766 1 964601 2606288

26668

$ 65064323

Consumer

Real Estate

$ 98331305 1 1 60943

$ 99492248

Commercial

Real Estate Total

$ 248979 648 $47741 9517 6676943 8641544 6078101 8755448

26668

$ 261734692 $494843 177

Consumer

and Other Total

$ 8974157 $ 107305462 24219 1 1 85162

$ 8998376 $ 1 08490624

_ I

Agricultural







$ 73198803 $ 77508288 $ 41 961660 $ 178656731 137045 1 768952

39981 7509 2787500 259568 4324221 3759153

$ 73238784 $ 77515797 $ 49210426 $ 184444404

Consumer Consumer


$ 76078839 $ 7190047 2081061 33665

$ 78159900 $ 72237 12

Total

$371325482 1905997 3094558 8083374

$384409411

Total

$ 83268886 2 1 14726

$ 85383612




201 4

Total Loans gt 90


$ $ $ $ $ $ 86305726 $ 86305726


Commercial 1 14872 215674 209419 114717 654682 64409641 65064323




Total $ 1974017 $ 1225836 $ 289068 $ 1268850 $ 4757771 $ 598576030 $ 603333801

25

Agricultural


December 3 1 2 0 1 4 and 201 3

2013

Total Loans gt 90


$ $ $ $ $


$ 73238784 $ 73238784


Commercial 280097 204740 181053 560438 1226328 47984098 49210426




Total $ 2392083 $ 533251 $ 956619 $ 1458277 $ 5340230 $ 464452 793 $ 469793023



2 6


December 3 1 2 0 1 4 and 2 0 1 3

2014

Average

Unpaid Investment




Agricultural 59570 59570 8935 57 1 16


Commercial 2632956 2712541 408336 767738






2013

Average

Unpaid Investment




allovance

Commercial $ 40000 $ 70162 $ $ 70427





Commercial 6897889 6980003 1 052013 5629646





Total


Commercial 6937889 7050165 1052013 5700073




Interest

Income

Recognized

2558

747

32385

333654

40067

1863

4 1 1 274

Interest

Income

Recognized

$ 7747

$ 7747

321474

60279

58591

440344

329221

60279

58591

$ 448091


27

Interest

Income

Cash

Basis

4746

1515

39332

344178

5 1 977

2848

444596

Interest

Income

Cash

Basis

$ 2415

$ 2415

7337

10657

256840

60577

3354 1 1

7337

13072

256840

60577

$ 337826


December 3 1 20 1 4 and 2 0 1 3







N umber of TD Rs

1

4

6

N u m ber of TD Rs

1

2



$ 17664 $ 17664 $ 25368 $ 25368

1293527 1293527

$ 1336559 $ 1336559



$ 121968 $ 121 968

731 1 5 73 1 15

$ 195083 $ 1 95083


28

N ote 5


D ecember 3 1 2 0 1 4 and 2 0 1 3



2014





2013

$ 2648835 13644840 1 7594719

33888394 18138560

$ 15 749834


Fair Value Hedges



29


Decem ber 3 1 2 0 1 4 and 2 0 1 3







Fa i r Value Hedges

Interest rate swap

Cash Flow Hedges






(18196) $ 27550



30







$ 15000000 $ (355929)

2013




$ 15000000 $ 488578

N ote 7 G oodwill



Goodvill 19791321 1 976$321



3 1

I

N ote 8


Decem ber 3 1 2 0 1 4 and 201 3




2015 $ 14483083 1 2016 32838389 2017 3674206 2018 2441 696 2019 3261275 Thereafter 4433000

$ 191479397



32


December 3 1 2 0 1 4 and 2 0 1 3







Weighted

Average

Interest

Rate at Year End

NIA 044 217 217 275 1 60 1 37

2014

Balance Due

$ 52355406

3 63195 371155

10379290 5387603

25539635

94396284

(2921424)

$ 91474860

2013

Weighted

Average

Interest


040 $ 3 0347783 066 15355406 2 17 3 63 195 217 371155 277 1 0379290 1 60 5387603 1 41 25539634

87744066

(3403844)

$ 84340222



33


D ecember 3 1 2 0 1 4 and 2 0 1 3



2 0 1 4 2013


Net of Tax Amount $ 1556862 $ (255687)





2014

$ 637085 (237633)

$ 399452



$ (4853)

34


December 3 1 2 0 1 4 and 2 0 1 3



2014






$ 5000000

2 0 1 3

$ 1 385417

522002

490059

$ 2397478


35


December 3 1 2 0 1 4 and 20 1 3





201 4 20 1 3




36


D ecember 3 1 2 0 1 4 and 201 3


2 0 1 4 201 3








20 1 4 201 3

Deferred tax assets



Other 161 216 121098



4 126343 3822039





Goodvvill 3127366 2823561



5649484 4424406


37


December 3 1 2 0 1 4 and 2 0 1 3





38


December 3 1 2 0 1 4 and 2 0 1 3


















39


December 3 1 2 0 1 4 a n d 20 1 3











40


D ecember 3 1 20 1 4 a n d 201 3








4 1


December 3 1 2 0 1 4 a n d 2 0 1 3


Allocated shares



Ending ESOP shares


2014

2575

75

759

3409

3098238

20 1 3

2648

56

473

3 177

$ 1 8 1 1 590







42


December 3 1 2 0 1 4 and 2 0 1 3









Fair Value

$ 24578999

85 1 1 983

26022339 68464005

(53 125 1)

Fair Value

$ 25804500

941871 1

40582910 72988946

488578 (599974)

$

$


Quoted

Prices in

Active Significant



$ 24578999 $

851 1983

26022339 68464005

(53 1251)


Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

43

Significant

Other

Observable

Inputs (Level 2)

$ 25804500

94187 1 1

40582910 72988946

488578 (599974)

$

Sign ificant

Unobservable

I n puts (Level 3)


December 3 1 2 0 1 4 a n d 2 0 1 3








Fair Valu e



Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

44

$

Significant

Other

Observable I nputs

(Level 2)

2013

$

Significant


Level 3)

8561288


December 3 1 2 0 1 4 and 201 3


Fair Value


Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

$

Significant

Other

Observable

I nputs (Level 2)

$

Significant

U nobservable

Inputs (Level 3)

83 1 1516





45


December 3 1 2 0 1 4 and 2 0 1 3














Loans Held For Sale


46

Loans


D ecember 3 1 2 0 1 4 a n d 2 0 1 3




Deposits









4 7


December 3 1 2 0 1 4 and 20 1 3



General Litigation









48

Lines of Credit


December 3 1 2 0 1 4 a n d 2 0 1 3








49


100



100





I

100



Reinbeck IA 1H 1 if



























FR Y-6













Inc 1 553 of common


1) 2) (3)(a)



FR Y-6



3)(b) 3)(c)



4Hal (4)(b) (4)(cl




1 ) 2) 13lal


FR Y-6



3)(b) (3lcl


(4)(a) (4)(b) 4Hcl



None None


( 1 ) 2) (3)(a)


FR Y-6



3)(b) 3)(c)




4)a) 4)b) 4)(c)





1) 2) (3)a)


FR Y-6



3)(b) (3)(c)



4)(a) (4)(b) 4)(c)



in partnership)

1) 2) 3)(a)



FR Y-6



3)(b) 3)(c)


4)(a) (4)(b) 4Hcl



1 ) 2) (3)(a)




FR Y-6



3)(b) (3)(c)



14)(a) (4)(b) 4)(c)




1) 2) 3)(a)




department store

FR Y-6



(3)(b) 3)(c)



4)(a) 4)(b) (4)(c)




1) (2) 3)(a)




Savings Bank

FR Y-6



(3)(b) (3)(c)



4(a 4(b (4(c)




(1 ) 2) 3)(a)





FR Y-6



3)(b) 3Hcl


NA NA

NA NA

4)(a) (4)(b) 4)(c)





FR Y-6 Cover Page


























2013

$ 21 441085

2859844 1 437221

9987 25748137

2322435

226998 1 477792

370021 4397246

21 350891

776102

20574789

1 938035 1 330092

472437 989869

1040320 5646677

(7740) 1 3 1 9360

12729050

1 5865836 1 877741 2676852 6687354

27107783

61 96056

1 35 1 916

$ 4844140



2014











2013

$ 4844140

(7 596646)

7740 (2830662)

(4758244)

488578 (182240)

306338

( 445 1906)

$ 392234










Common

Stock

$ 1543800

1543800

$ 1543800

Additional

Paid-Jn

Capita l middot

$ 16875715

16875715

135052

109105

$ 17119872

Retained

Earnings

$ 41067127 4844140

(1064480)

44846787

5999636

(l216420)

$ 49630003

middotaj

Accumulated

Other U nearned



$ 4196219 $ (812000) $ (1424091) $ 61446770 4844140

(4451906) (4451906) (1064480)

(500000) (500000) 180499 180499

(255687) (812000) (1743592) 60455023

5999636 1812549 18 12549

(1216420) 812000 947052

(1583304) (1583304) 242944 352049

$ 1556862 $ $ (3083952) $ 66766585











$

2014

5999636

1989738 129000

1291000 5 16150

30992 (4865334)

(637085) (40322)

(170576078) 173931400

(522499) (376137) (323767) 804750

7351444

(2000000) (14858907) 39897380

(673812) (134778952)

(6042502) 3957563 (186000)

(2395330) 152014 (64001)

(116992547)

2013

$ 4844140

1864486 129000 776102 668257 134720

(5646677) 7740

( 11164) (204448200) 241684577

(455123) (592348) 558298

83812

39597620

(33496960) 24372826 (1247806)

(100992958) (3738177)

206164

113256 (25000)

(1 14808655)












$ 42203781

9110388 68oooooo

(40659778) (9349000)

(197917) ( 1064480)

68042994

(7168041)

22069024

$ 14900983

$ 4436367 $ 1753080 $ 3849415

$ (4758244) $ 25000


December 3 1 2 0 14 a n d 2 0 1 3






Use of Estimates



Revenue Recognition


1 1

Securities





Loans Held for Sale


Loans





1 2











December 3 1 2014 and 20 1 3






10 - 50 years 3 - 1 0 years









2015 2016

1 4

$ 129000 95088

$ 224088

Derivatives


December 3 1 2 0 1 4 a n d 2 0 1 3





Treasury Stock


Trust Assets




1 5

Income Taxes


December 3 1 2 0 1 4 and 2 0 1 3






Reclassification




1 6

N ote 3



Securities







$ 124773901 $ 3804793 $ (1001367) $ 127577326






$ 149691439 $ 2698884 $ (3595256) $ 148795067


1 7




Amortized Cost

$ 3548156 6042296

47102698 33623782 90316932


$ 124773901

Fair Value

$ 3566239 6183529

48477033 34816203 93043004

8511983 26022339

$ 127577326







December 31 2 0 1 4








Fair Value

$ $

$ $

Losses Fair Value

$ 9770400

3864421

8692030

14453346

$ 36780196

1 8


$ (229600) $ 9770400 $ (229600) (91708) 3864421 (91708)

(175139) 8692030 (175139)

(504920) 14453346 (504920)

$ (1001367) $ 36780196 $ (1001367



December 31 2013














Total loans


Net loans

1 9

2014

$ 6 104900 195300 279208

10500

$ 6589908

2014

$ 86305726 81738436 65064323

261734692 99492248

8998376 603333801

(295183) 6450169

$ 597178815

Total

Unrealized

Fair Value Losses

$ 9335250 $ (664750)

4288578 (124685)

34910709 (792234)

16026437 (2013587)

$ 64560974 $ (3595256)

2013

$ 5431100 195300 279196

10500

$ 5916096

2013

$ 73238784 77515797 49210426

184444404 78159900

7223712 469793023

(385757) 5623786

$ 464554994


D ecember 3 1 2 0 1 4 and 2 0 1 3


2014







Recoveries 25000 150758 7904 1299 20847 205808


Ending balance


impainnent $ 8935 s 1 723 s 408336 $ 731291 $ 120822 $ 3376 $ 1 274483

Ending balance


impairment s 1000167 $ 176364 $ 7 1 1 664 $ 2861852 $ 205974 s 2 19665 s 5175686

Loans


Ending balance



Ending balance


impainnent $ 86246 156 $ 81726947 s 62431367 $ 255656591 s 98461109 $ 8975860 s 593498030

20




Losses charged off

Recoveries

Balance end of year

Ending balance


impairment

Ending balance


impairment

Loans


December 3 1 201 4 and 2 0 1 3

2013



s 655667 s 88374 $ 21 80440 s 171 6530 s 458970

1 14395 65307 (49380) 292400 3 1 1 677

(131929) (58631) (134797)

30267 41

$ 770062 s 153681 $ 2029398 $ 1950299 $ 635891

s s 38608 $ 1052013 $ 314645 s 292836

s 770062 $ J 1 5073 s 977385 s 1635654 s 343055

Consumer

and Other Total

$ 77630 $ 51776 1 1

41 703 776102

(58574) (38393 1)

23696 54004

s 84455 $ 5623786

s s 1 698102

$ 84455 $ 3925684


Ending balance



Ending balance


impairment s 73238784 s 77358689 $ 42272537 $ 182842999 $ 76846684 s 72237 1 2 s 459783405





21


December 3 1 20 1 4 and 2 0 1 3










22


December 3 1 20 1 4 and 201 3







23


Decem ber 3 1 2 0 1 4 and 2 0 1 3








Agricultural

$ 86246156

59570

$ 86305726

Agricultural

Real Estate

$ 81 726947

1 1 489

$ 81 738436

24

2014

Commercia l

$ 60466766 1 964601 2606288

26668

$ 65064323

Consumer

Real Estate

$ 98331305 1 1 60943

$ 99492248

Commercial

Real Estate Total

$ 248979 648 $47741 9517 6676943 8641544 6078101 8755448

26668

$ 261734692 $494843 177

Consumer

and Other Total

$ 8974157 $ 107305462 24219 1 1 85162

$ 8998376 $ 1 08490624

_ I

Agricultural







$ 73198803 $ 77508288 $ 41 961660 $ 178656731 137045 1 768952

39981 7509 2787500 259568 4324221 3759153

$ 73238784 $ 77515797 $ 49210426 $ 184444404

Consumer Consumer


$ 76078839 $ 7190047 2081061 33665

$ 78159900 $ 72237 12

Total

$371325482 1905997 3094558 8083374

$384409411

Total

$ 83268886 2 1 14726

$ 85383612




201 4

Total Loans gt 90


$ $ $ $ $ $ 86305726 $ 86305726


Commercial 1 14872 215674 209419 114717 654682 64409641 65064323




Total $ 1974017 $ 1225836 $ 289068 $ 1268850 $ 4757771 $ 598576030 $ 603333801

25

Agricultural


December 3 1 2 0 1 4 and 201 3

2013

Total Loans gt 90


$ $ $ $ $


$ 73238784 $ 73238784


Commercial 280097 204740 181053 560438 1226328 47984098 49210426




Total $ 2392083 $ 533251 $ 956619 $ 1458277 $ 5340230 $ 464452 793 $ 469793023



2 6


December 3 1 2 0 1 4 and 2 0 1 3

2014

Average

Unpaid Investment




Agricultural 59570 59570 8935 57 1 16


Commercial 2632956 2712541 408336 767738






2013

Average

Unpaid Investment




allovance

Commercial $ 40000 $ 70162 $ $ 70427





Commercial 6897889 6980003 1 052013 5629646





Total


Commercial 6937889 7050165 1052013 5700073




Interest

Income

Recognized

2558

747

32385

333654

40067

1863

4 1 1 274

Interest

Income

Recognized

$ 7747

$ 7747

321474

60279

58591

440344

329221

60279

58591

$ 448091


27

Interest

Income

Cash

Basis

4746

1515

39332

344178

5 1 977

2848

444596

Interest

Income

Cash

Basis

$ 2415

$ 2415

7337

10657

256840

60577

3354 1 1

7337

13072

256840

60577

$ 337826


December 3 1 20 1 4 and 2 0 1 3







N umber of TD Rs

1

4

6

N u m ber of TD Rs

1

2



$ 17664 $ 17664 $ 25368 $ 25368

1293527 1293527

$ 1336559 $ 1336559



$ 121968 $ 121 968

731 1 5 73 1 15

$ 195083 $ 1 95083


28

N ote 5


D ecember 3 1 2 0 1 4 and 2 0 1 3



2014





2013

$ 2648835 13644840 1 7594719

33888394 18138560

$ 15 749834


Fair Value Hedges



29


Decem ber 3 1 2 0 1 4 and 2 0 1 3







Fa i r Value Hedges

Interest rate swap

Cash Flow Hedges






(18196) $ 27550



30







$ 15000000 $ (355929)

2013




$ 15000000 $ 488578

N ote 7 G oodwill



Goodvill 19791321 1 976$321



3 1

I

N ote 8


Decem ber 3 1 2 0 1 4 and 201 3




2015 $ 14483083 1 2016 32838389 2017 3674206 2018 2441 696 2019 3261275 Thereafter 4433000

$ 191479397



32


December 3 1 2 0 1 4 and 2 0 1 3







Weighted

Average

Interest

Rate at Year End

NIA 044 217 217 275 1 60 1 37

2014

Balance Due

$ 52355406

3 63195 371155

10379290 5387603

25539635

94396284

(2921424)

$ 91474860

2013

Weighted

Average

Interest


040 $ 3 0347783 066 15355406 2 17 3 63 195 217 371155 277 1 0379290 1 60 5387603 1 41 25539634

87744066

(3403844)

$ 84340222



33


D ecember 3 1 2 0 1 4 and 2 0 1 3



2 0 1 4 2013


Net of Tax Amount $ 1556862 $ (255687)





2014

$ 637085 (237633)

$ 399452



$ (4853)

34


December 3 1 2 0 1 4 and 2 0 1 3



2014






$ 5000000

2 0 1 3

$ 1 385417

522002

490059

$ 2397478


35


December 3 1 2 0 1 4 and 20 1 3





201 4 20 1 3




36


D ecember 3 1 2 0 1 4 and 201 3


2 0 1 4 201 3








20 1 4 201 3

Deferred tax assets



Other 161 216 121098



4 126343 3822039





Goodvvill 3127366 2823561



5649484 4424406


37


December 3 1 2 0 1 4 and 2 0 1 3





38


December 3 1 2 0 1 4 and 2 0 1 3


















39


December 3 1 2 0 1 4 a n d 20 1 3











40


D ecember 3 1 20 1 4 a n d 201 3








4 1


December 3 1 2 0 1 4 a n d 2 0 1 3


Allocated shares



Ending ESOP shares


2014

2575

75

759

3409

3098238

20 1 3

2648

56

473

3 177

$ 1 8 1 1 590







42


December 3 1 2 0 1 4 and 2 0 1 3









Fair Value

$ 24578999

85 1 1 983

26022339 68464005

(53 125 1)

Fair Value

$ 25804500

941871 1

40582910 72988946

488578 (599974)

$

$


Quoted

Prices in

Active Significant



$ 24578999 $

851 1983

26022339 68464005

(53 1251)


Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

43

Significant

Other

Observable

Inputs (Level 2)

$ 25804500

94187 1 1

40582910 72988946

488578 (599974)

$

Sign ificant

Unobservable

I n puts (Level 3)


December 3 1 2 0 1 4 a n d 2 0 1 3








Fair Valu e



Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

44

$

Significant

Other

Observable I nputs

(Level 2)

2013

$

Significant


Level 3)

8561288


December 3 1 2 0 1 4 and 201 3


Fair Value


Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

$

Significant

Other

Observable

I nputs (Level 2)

$

Significant

U nobservable

Inputs (Level 3)

83 1 1516





45


December 3 1 2 0 1 4 and 2 0 1 3














Loans Held For Sale


46

Loans


D ecember 3 1 2 0 1 4 a n d 2 0 1 3




Deposits









4 7


December 3 1 2 0 1 4 and 20 1 3



General Litigation









48

Lines of Credit


December 3 1 2 0 1 4 a n d 2 0 1 3








49


100



100





I

100



Reinbeck IA 1H 1 if



























FR Y-6













Inc 1 553 of common


1) 2) (3)(a)



FR Y-6



3)(b) 3)(c)



4Hal (4)(b) (4)(cl




1 ) 2) 13lal


FR Y-6



3)(b) (3lcl


(4)(a) (4)(b) 4Hcl



None None


( 1 ) 2) (3)(a)


FR Y-6



3)(b) 3)(c)




4)a) 4)b) 4)(c)





1) 2) (3)a)


FR Y-6



3)(b) (3)(c)



4)(a) (4)(b) 4)(c)



in partnership)

1) 2) 3)(a)



FR Y-6



3)(b) 3)(c)


4)(a) (4)(b) 4Hcl



1 ) 2) (3)(a)




FR Y-6



3)(b) (3)(c)



14)(a) (4)(b) 4)(c)




1) 2) 3)(a)




department store

FR Y-6



(3)(b) 3)(c)



4)(a) 4)(b) (4)(c)




1) (2) 3)(a)




Savings Bank

FR Y-6



(3)(b) (3)(c)



4(a 4(b (4(c)




(1 ) 2) 3)(a)





FR Y-6



3)(b) 3Hcl


NA NA

NA NA

4)(a) (4)(b) 4)(c)





FR Y-6 Cover Page








2014











2013

$ 4844140

(7 596646)

7740 (2830662)

(4758244)

488578 (182240)

306338

( 445 1906)

$ 392234










Common

Stock

$ 1543800

1543800

$ 1543800

Additional

Paid-Jn

Capita l middot

$ 16875715

16875715

135052

109105

$ 17119872

Retained

Earnings

$ 41067127 4844140

(1064480)

44846787

5999636

(l216420)

$ 49630003

middotaj

Accumulated

Other U nearned



$ 4196219 $ (812000) $ (1424091) $ 61446770 4844140

(4451906) (4451906) (1064480)

(500000) (500000) 180499 180499

(255687) (812000) (1743592) 60455023

5999636 1812549 18 12549

(1216420) 812000 947052

(1583304) (1583304) 242944 352049

$ 1556862 $ $ (3083952) $ 66766585











$

2014

5999636

1989738 129000

1291000 5 16150

30992 (4865334)

(637085) (40322)

(170576078) 173931400

(522499) (376137) (323767) 804750

7351444

(2000000) (14858907) 39897380

(673812) (134778952)

(6042502) 3957563 (186000)

(2395330) 152014 (64001)

(116992547)

2013

$ 4844140

1864486 129000 776102 668257 134720

(5646677) 7740

( 11164) (204448200) 241684577

(455123) (592348) 558298

83812

39597620

(33496960) 24372826 (1247806)

(100992958) (3738177)

206164

113256 (25000)

(1 14808655)












$ 42203781

9110388 68oooooo

(40659778) (9349000)

(197917) ( 1064480)

68042994

(7168041)

22069024

$ 14900983

$ 4436367 $ 1753080 $ 3849415

$ (4758244) $ 25000


December 3 1 2 0 14 a n d 2 0 1 3






Use of Estimates



Revenue Recognition


1 1

Securities





Loans Held for Sale


Loans





1 2











December 3 1 2014 and 20 1 3






10 - 50 years 3 - 1 0 years









2015 2016

1 4

$ 129000 95088

$ 224088

Derivatives


December 3 1 2 0 1 4 a n d 2 0 1 3





Treasury Stock


Trust Assets




1 5

Income Taxes


December 3 1 2 0 1 4 and 2 0 1 3






Reclassification




1 6

N ote 3



Securities







$ 124773901 $ 3804793 $ (1001367) $ 127577326






$ 149691439 $ 2698884 $ (3595256) $ 148795067


1 7




Amortized Cost

$ 3548156 6042296

47102698 33623782 90316932


$ 124773901

Fair Value

$ 3566239 6183529

48477033 34816203 93043004

8511983 26022339

$ 127577326







December 31 2 0 1 4








Fair Value

$ $

$ $

Losses Fair Value

$ 9770400

3864421

8692030

14453346

$ 36780196

1 8


$ (229600) $ 9770400 $ (229600) (91708) 3864421 (91708)

(175139) 8692030 (175139)

(504920) 14453346 (504920)

$ (1001367) $ 36780196 $ (1001367



December 31 2013














Total loans


Net loans

1 9

2014

$ 6 104900 195300 279208

10500

$ 6589908

2014

$ 86305726 81738436 65064323

261734692 99492248

8998376 603333801

(295183) 6450169

$ 597178815

Total

Unrealized

Fair Value Losses

$ 9335250 $ (664750)

4288578 (124685)

34910709 (792234)

16026437 (2013587)

$ 64560974 $ (3595256)

2013

$ 5431100 195300 279196

10500

$ 5916096

2013

$ 73238784 77515797 49210426

184444404 78159900

7223712 469793023

(385757) 5623786

$ 464554994


D ecember 3 1 2 0 1 4 and 2 0 1 3


2014







Recoveries 25000 150758 7904 1299 20847 205808


Ending balance


impainnent $ 8935 s 1 723 s 408336 $ 731291 $ 120822 $ 3376 $ 1 274483

Ending balance


impairment s 1000167 $ 176364 $ 7 1 1 664 $ 2861852 $ 205974 s 2 19665 s 5175686

Loans


Ending balance



Ending balance


impainnent $ 86246 156 $ 81726947 s 62431367 $ 255656591 s 98461109 $ 8975860 s 593498030

20




Losses charged off

Recoveries

Balance end of year

Ending balance


impairment

Ending balance


impairment

Loans


December 3 1 201 4 and 2 0 1 3

2013



s 655667 s 88374 $ 21 80440 s 171 6530 s 458970

1 14395 65307 (49380) 292400 3 1 1 677

(131929) (58631) (134797)

30267 41

$ 770062 s 153681 $ 2029398 $ 1950299 $ 635891

s s 38608 $ 1052013 $ 314645 s 292836

s 770062 $ J 1 5073 s 977385 s 1635654 s 343055

Consumer

and Other Total

$ 77630 $ 51776 1 1

41 703 776102

(58574) (38393 1)

23696 54004

s 84455 $ 5623786

s s 1 698102

$ 84455 $ 3925684


Ending balance



Ending balance


impairment s 73238784 s 77358689 $ 42272537 $ 182842999 $ 76846684 s 72237 1 2 s 459783405





21


December 3 1 20 1 4 and 2 0 1 3










22


December 3 1 20 1 4 and 201 3







23


Decem ber 3 1 2 0 1 4 and 2 0 1 3








Agricultural

$ 86246156

59570

$ 86305726

Agricultural

Real Estate

$ 81 726947

1 1 489

$ 81 738436

24

2014

Commercia l

$ 60466766 1 964601 2606288

26668

$ 65064323

Consumer

Real Estate

$ 98331305 1 1 60943

$ 99492248

Commercial

Real Estate Total

$ 248979 648 $47741 9517 6676943 8641544 6078101 8755448

26668

$ 261734692 $494843 177

Consumer

and Other Total

$ 8974157 $ 107305462 24219 1 1 85162

$ 8998376 $ 1 08490624

_ I

Agricultural







$ 73198803 $ 77508288 $ 41 961660 $ 178656731 137045 1 768952

39981 7509 2787500 259568 4324221 3759153

$ 73238784 $ 77515797 $ 49210426 $ 184444404

Consumer Consumer


$ 76078839 $ 7190047 2081061 33665

$ 78159900 $ 72237 12

Total

$371325482 1905997 3094558 8083374

$384409411

Total

$ 83268886 2 1 14726

$ 85383612




201 4

Total Loans gt 90


$ $ $ $ $ $ 86305726 $ 86305726


Commercial 1 14872 215674 209419 114717 654682 64409641 65064323




Total $ 1974017 $ 1225836 $ 289068 $ 1268850 $ 4757771 $ 598576030 $ 603333801

25

Agricultural


December 3 1 2 0 1 4 and 201 3

2013

Total Loans gt 90


$ $ $ $ $


$ 73238784 $ 73238784


Commercial 280097 204740 181053 560438 1226328 47984098 49210426




Total $ 2392083 $ 533251 $ 956619 $ 1458277 $ 5340230 $ 464452 793 $ 469793023



2 6


December 3 1 2 0 1 4 and 2 0 1 3

2014

Average

Unpaid Investment




Agricultural 59570 59570 8935 57 1 16


Commercial 2632956 2712541 408336 767738






2013

Average

Unpaid Investment




allovance

Commercial $ 40000 $ 70162 $ $ 70427





Commercial 6897889 6980003 1 052013 5629646





Total


Commercial 6937889 7050165 1052013 5700073




Interest

Income

Recognized

2558

747

32385

333654

40067

1863

4 1 1 274

Interest

Income

Recognized

$ 7747

$ 7747

321474

60279

58591

440344

329221

60279

58591

$ 448091


27

Interest

Income

Cash

Basis

4746

1515

39332

344178

5 1 977

2848

444596

Interest

Income

Cash

Basis

$ 2415

$ 2415

7337

10657

256840

60577

3354 1 1

7337

13072

256840

60577

$ 337826


December 3 1 20 1 4 and 2 0 1 3







N umber of TD Rs

1

4

6

N u m ber of TD Rs

1

2



$ 17664 $ 17664 $ 25368 $ 25368

1293527 1293527

$ 1336559 $ 1336559



$ 121968 $ 121 968

731 1 5 73 1 15

$ 195083 $ 1 95083


28

N ote 5


D ecember 3 1 2 0 1 4 and 2 0 1 3



2014





2013

$ 2648835 13644840 1 7594719

33888394 18138560

$ 15 749834


Fair Value Hedges



29


Decem ber 3 1 2 0 1 4 and 2 0 1 3







Fa i r Value Hedges

Interest rate swap

Cash Flow Hedges






(18196) $ 27550



30







$ 15000000 $ (355929)

2013




$ 15000000 $ 488578

N ote 7 G oodwill



Goodvill 19791321 1 976$321



3 1

I

N ote 8


Decem ber 3 1 2 0 1 4 and 201 3




2015 $ 14483083 1 2016 32838389 2017 3674206 2018 2441 696 2019 3261275 Thereafter 4433000

$ 191479397



32


December 3 1 2 0 1 4 and 2 0 1 3







Weighted

Average

Interest

Rate at Year End

NIA 044 217 217 275 1 60 1 37

2014

Balance Due

$ 52355406

3 63195 371155

10379290 5387603

25539635

94396284

(2921424)

$ 91474860

2013

Weighted

Average

Interest


040 $ 3 0347783 066 15355406 2 17 3 63 195 217 371155 277 1 0379290 1 60 5387603 1 41 25539634

87744066

(3403844)

$ 84340222



33


D ecember 3 1 2 0 1 4 and 2 0 1 3



2 0 1 4 2013


Net of Tax Amount $ 1556862 $ (255687)





2014

$ 637085 (237633)

$ 399452



$ (4853)

34


December 3 1 2 0 1 4 and 2 0 1 3



2014






$ 5000000

2 0 1 3

$ 1 385417

522002

490059

$ 2397478


35


December 3 1 2 0 1 4 and 20 1 3





201 4 20 1 3




36


D ecember 3 1 2 0 1 4 and 201 3


2 0 1 4 201 3








20 1 4 201 3

Deferred tax assets



Other 161 216 121098



4 126343 3822039





Goodvvill 3127366 2823561



5649484 4424406


37


December 3 1 2 0 1 4 and 2 0 1 3





38


December 3 1 2 0 1 4 and 2 0 1 3


















39


December 3 1 2 0 1 4 a n d 20 1 3











40


D ecember 3 1 20 1 4 a n d 201 3








4 1


December 3 1 2 0 1 4 a n d 2 0 1 3


Allocated shares



Ending ESOP shares


2014

2575

75

759

3409

3098238

20 1 3

2648

56

473

3 177

$ 1 8 1 1 590







42


December 3 1 2 0 1 4 and 2 0 1 3









Fair Value

$ 24578999

85 1 1 983

26022339 68464005

(53 125 1)

Fair Value

$ 25804500

941871 1

40582910 72988946

488578 (599974)

$

$


Quoted

Prices in

Active Significant



$ 24578999 $

851 1983

26022339 68464005

(53 1251)


Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

43

Significant

Other

Observable

Inputs (Level 2)

$ 25804500

94187 1 1

40582910 72988946

488578 (599974)

$

Sign ificant

Unobservable

I n puts (Level 3)


December 3 1 2 0 1 4 a n d 2 0 1 3








Fair Valu e



Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

44

$

Significant

Other

Observable I nputs

(Level 2)

2013

$

Significant


Level 3)

8561288


December 3 1 2 0 1 4 and 201 3


Fair Value


Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

$

Significant

Other

Observable

I nputs (Level 2)

$

Significant

U nobservable

Inputs (Level 3)

83 1 1516





45


December 3 1 2 0 1 4 and 2 0 1 3














Loans Held For Sale


46

Loans


D ecember 3 1 2 0 1 4 a n d 2 0 1 3




Deposits









4 7


December 3 1 2 0 1 4 and 20 1 3



General Litigation









48

Lines of Credit


December 3 1 2 0 1 4 a n d 2 0 1 3








49


100



100





I

100



Reinbeck IA 1H 1 if



























FR Y-6













Inc 1 553 of common


1) 2) (3)(a)



FR Y-6



3)(b) 3)(c)



4Hal (4)(b) (4)(cl




1 ) 2) 13lal


FR Y-6



3)(b) (3lcl


(4)(a) (4)(b) 4Hcl



None None


( 1 ) 2) (3)(a)


FR Y-6



3)(b) 3)(c)




4)a) 4)b) 4)(c)





1) 2) (3)a)


FR Y-6



3)(b) (3)(c)



4)(a) (4)(b) 4)(c)



in partnership)

1) 2) 3)(a)



FR Y-6



3)(b) 3)(c)


4)(a) (4)(b) 4Hcl



1 ) 2) (3)(a)




FR Y-6



3)(b) (3)(c)



14)(a) (4)(b) 4)(c)




1) 2) 3)(a)




department store

FR Y-6



(3)(b) 3)(c)



4)(a) 4)(b) (4)(c)




1) (2) 3)(a)




Savings Bank

FR Y-6



(3)(b) (3)(c)



4(a 4(b (4(c)




(1 ) 2) 3)(a)





FR Y-6



3)(b) 3Hcl


NA NA

NA NA

4)(a) (4)(b) 4)(c)





FR Y-6 Cover Page















Common

Stock

$ 1543800

1543800

$ 1543800

Additional

Paid-Jn

Capita l middot

$ 16875715

16875715

135052

109105

$ 17119872

Retained

Earnings

$ 41067127 4844140

(1064480)

44846787

5999636

(l216420)

$ 49630003

middotaj

Accumulated

Other U nearned



$ 4196219 $ (812000) $ (1424091) $ 61446770 4844140

(4451906) (4451906) (1064480)

(500000) (500000) 180499 180499

(255687) (812000) (1743592) 60455023

5999636 1812549 18 12549

(1216420) 812000 947052

(1583304) (1583304) 242944 352049

$ 1556862 $ $ (3083952) $ 66766585











$

2014

5999636

1989738 129000

1291000 5 16150

30992 (4865334)

(637085) (40322)

(170576078) 173931400

(522499) (376137) (323767) 804750

7351444

(2000000) (14858907) 39897380

(673812) (134778952)

(6042502) 3957563 (186000)

(2395330) 152014 (64001)

(116992547)

2013

$ 4844140

1864486 129000 776102 668257 134720

(5646677) 7740

( 11164) (204448200) 241684577

(455123) (592348) 558298

83812

39597620

(33496960) 24372826 (1247806)

(100992958) (3738177)

206164

113256 (25000)

(1 14808655)












$ 42203781

9110388 68oooooo

(40659778) (9349000)

(197917) ( 1064480)

68042994

(7168041)

22069024

$ 14900983

$ 4436367 $ 1753080 $ 3849415

$ (4758244) $ 25000


December 3 1 2 0 14 a n d 2 0 1 3






Use of Estimates



Revenue Recognition


1 1

Securities





Loans Held for Sale


Loans





1 2











December 3 1 2014 and 20 1 3






10 - 50 years 3 - 1 0 years









2015 2016

1 4

$ 129000 95088

$ 224088

Derivatives


December 3 1 2 0 1 4 a n d 2 0 1 3





Treasury Stock


Trust Assets




1 5

Income Taxes


December 3 1 2 0 1 4 and 2 0 1 3






Reclassification




1 6

N ote 3



Securities







$ 124773901 $ 3804793 $ (1001367) $ 127577326






$ 149691439 $ 2698884 $ (3595256) $ 148795067


1 7




Amortized Cost

$ 3548156 6042296

47102698 33623782 90316932


$ 124773901

Fair Value

$ 3566239 6183529

48477033 34816203 93043004

8511983 26022339

$ 127577326







December 31 2 0 1 4








Fair Value

$ $

$ $

Losses Fair Value

$ 9770400

3864421

8692030

14453346

$ 36780196

1 8


$ (229600) $ 9770400 $ (229600) (91708) 3864421 (91708)

(175139) 8692030 (175139)

(504920) 14453346 (504920)

$ (1001367) $ 36780196 $ (1001367



December 31 2013














Total loans


Net loans

1 9

2014

$ 6 104900 195300 279208

10500

$ 6589908

2014

$ 86305726 81738436 65064323

261734692 99492248

8998376 603333801

(295183) 6450169

$ 597178815

Total

Unrealized

Fair Value Losses

$ 9335250 $ (664750)

4288578 (124685)

34910709 (792234)

16026437 (2013587)

$ 64560974 $ (3595256)

2013

$ 5431100 195300 279196

10500

$ 5916096

2013

$ 73238784 77515797 49210426

184444404 78159900

7223712 469793023

(385757) 5623786

$ 464554994


D ecember 3 1 2 0 1 4 and 2 0 1 3


2014







Recoveries 25000 150758 7904 1299 20847 205808


Ending balance


impainnent $ 8935 s 1 723 s 408336 $ 731291 $ 120822 $ 3376 $ 1 274483

Ending balance


impairment s 1000167 $ 176364 $ 7 1 1 664 $ 2861852 $ 205974 s 2 19665 s 5175686

Loans


Ending balance



Ending balance


impainnent $ 86246 156 $ 81726947 s 62431367 $ 255656591 s 98461109 $ 8975860 s 593498030

20




Losses charged off

Recoveries

Balance end of year

Ending balance


impairment

Ending balance


impairment

Loans


December 3 1 201 4 and 2 0 1 3

2013



s 655667 s 88374 $ 21 80440 s 171 6530 s 458970

1 14395 65307 (49380) 292400 3 1 1 677

(131929) (58631) (134797)

30267 41

$ 770062 s 153681 $ 2029398 $ 1950299 $ 635891

s s 38608 $ 1052013 $ 314645 s 292836

s 770062 $ J 1 5073 s 977385 s 1635654 s 343055

Consumer

and Other Total

$ 77630 $ 51776 1 1

41 703 776102

(58574) (38393 1)

23696 54004

s 84455 $ 5623786

s s 1 698102

$ 84455 $ 3925684


Ending balance



Ending balance


impairment s 73238784 s 77358689 $ 42272537 $ 182842999 $ 76846684 s 72237 1 2 s 459783405





21


December 3 1 20 1 4 and 2 0 1 3










22


December 3 1 20 1 4 and 201 3







23


Decem ber 3 1 2 0 1 4 and 2 0 1 3








Agricultural

$ 86246156

59570

$ 86305726

Agricultural

Real Estate

$ 81 726947

1 1 489

$ 81 738436

24

2014

Commercia l

$ 60466766 1 964601 2606288

26668

$ 65064323

Consumer

Real Estate

$ 98331305 1 1 60943

$ 99492248

Commercial

Real Estate Total

$ 248979 648 $47741 9517 6676943 8641544 6078101 8755448

26668

$ 261734692 $494843 177

Consumer

and Other Total

$ 8974157 $ 107305462 24219 1 1 85162

$ 8998376 $ 1 08490624

_ I

Agricultural







$ 73198803 $ 77508288 $ 41 961660 $ 178656731 137045 1 768952

39981 7509 2787500 259568 4324221 3759153

$ 73238784 $ 77515797 $ 49210426 $ 184444404

Consumer Consumer


$ 76078839 $ 7190047 2081061 33665

$ 78159900 $ 72237 12

Total

$371325482 1905997 3094558 8083374

$384409411

Total

$ 83268886 2 1 14726

$ 85383612




201 4

Total Loans gt 90


$ $ $ $ $ $ 86305726 $ 86305726


Commercial 1 14872 215674 209419 114717 654682 64409641 65064323




Total $ 1974017 $ 1225836 $ 289068 $ 1268850 $ 4757771 $ 598576030 $ 603333801

25

Agricultural


December 3 1 2 0 1 4 and 201 3

2013

Total Loans gt 90


$ $ $ $ $


$ 73238784 $ 73238784


Commercial 280097 204740 181053 560438 1226328 47984098 49210426




Total $ 2392083 $ 533251 $ 956619 $ 1458277 $ 5340230 $ 464452 793 $ 469793023



2 6


December 3 1 2 0 1 4 and 2 0 1 3

2014

Average

Unpaid Investment




Agricultural 59570 59570 8935 57 1 16


Commercial 2632956 2712541 408336 767738






2013

Average

Unpaid Investment




allovance

Commercial $ 40000 $ 70162 $ $ 70427





Commercial 6897889 6980003 1 052013 5629646





Total


Commercial 6937889 7050165 1052013 5700073




Interest

Income

Recognized

2558

747

32385

333654

40067

1863

4 1 1 274

Interest

Income

Recognized

$ 7747

$ 7747

321474

60279

58591

440344

329221

60279

58591

$ 448091


27

Interest

Income

Cash

Basis

4746

1515

39332

344178

5 1 977

2848

444596

Interest

Income

Cash

Basis

$ 2415

$ 2415

7337

10657

256840

60577

3354 1 1

7337

13072

256840

60577

$ 337826


December 3 1 20 1 4 and 2 0 1 3







N umber of TD Rs

1

4

6

N u m ber of TD Rs

1

2



$ 17664 $ 17664 $ 25368 $ 25368

1293527 1293527

$ 1336559 $ 1336559



$ 121968 $ 121 968

731 1 5 73 1 15

$ 195083 $ 1 95083


28

N ote 5


D ecember 3 1 2 0 1 4 and 2 0 1 3



2014





2013

$ 2648835 13644840 1 7594719

33888394 18138560

$ 15 749834


Fair Value Hedges



29


Decem ber 3 1 2 0 1 4 and 2 0 1 3







Fa i r Value Hedges

Interest rate swap

Cash Flow Hedges






(18196) $ 27550



30







$ 15000000 $ (355929)

2013




$ 15000000 $ 488578

N ote 7 G oodwill



Goodvill 19791321 1 976$321



3 1

I

N ote 8


Decem ber 3 1 2 0 1 4 and 201 3




2015 $ 14483083 1 2016 32838389 2017 3674206 2018 2441 696 2019 3261275 Thereafter 4433000

$ 191479397



32


December 3 1 2 0 1 4 and 2 0 1 3







Weighted

Average

Interest

Rate at Year End

NIA 044 217 217 275 1 60 1 37

2014

Balance Due

$ 52355406

3 63195 371155

10379290 5387603

25539635

94396284

(2921424)

$ 91474860

2013

Weighted

Average

Interest


040 $ 3 0347783 066 15355406 2 17 3 63 195 217 371155 277 1 0379290 1 60 5387603 1 41 25539634

87744066

(3403844)

$ 84340222



33


D ecember 3 1 2 0 1 4 and 2 0 1 3



2 0 1 4 2013


Net of Tax Amount $ 1556862 $ (255687)





2014

$ 637085 (237633)

$ 399452



$ (4853)

34


December 3 1 2 0 1 4 and 2 0 1 3



2014






$ 5000000

2 0 1 3

$ 1 385417

522002

490059

$ 2397478


35


December 3 1 2 0 1 4 and 20 1 3





201 4 20 1 3




36


D ecember 3 1 2 0 1 4 and 201 3


2 0 1 4 201 3








20 1 4 201 3

Deferred tax assets



Other 161 216 121098



4 126343 3822039





Goodvvill 3127366 2823561



5649484 4424406


37


December 3 1 2 0 1 4 and 2 0 1 3





38


December 3 1 2 0 1 4 and 2 0 1 3


















39


December 3 1 2 0 1 4 a n d 20 1 3











40


D ecember 3 1 20 1 4 a n d 201 3








4 1


December 3 1 2 0 1 4 a n d 2 0 1 3


Allocated shares



Ending ESOP shares


2014

2575

75

759

3409

3098238

20 1 3

2648

56

473

3 177

$ 1 8 1 1 590







42


December 3 1 2 0 1 4 and 2 0 1 3









Fair Value

$ 24578999

85 1 1 983

26022339 68464005

(53 125 1)

Fair Value

$ 25804500

941871 1

40582910 72988946

488578 (599974)

$

$


Quoted

Prices in

Active Significant



$ 24578999 $

851 1983

26022339 68464005

(53 1251)


Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

43

Significant

Other

Observable

Inputs (Level 2)

$ 25804500

94187 1 1

40582910 72988946

488578 (599974)

$

Sign ificant

Unobservable

I n puts (Level 3)


December 3 1 2 0 1 4 a n d 2 0 1 3








Fair Valu e



Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

44

$

Significant

Other

Observable I nputs

(Level 2)

2013

$

Significant


Level 3)

8561288


December 3 1 2 0 1 4 and 201 3


Fair Value


Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

$

Significant

Other

Observable

I nputs (Level 2)

$

Significant

U nobservable

Inputs (Level 3)

83 1 1516





45


December 3 1 2 0 1 4 and 2 0 1 3














Loans Held For Sale


46

Loans


D ecember 3 1 2 0 1 4 a n d 2 0 1 3




Deposits









4 7


December 3 1 2 0 1 4 and 20 1 3



General Litigation









48

Lines of Credit


December 3 1 2 0 1 4 a n d 2 0 1 3








49


100



100





I

100



Reinbeck IA 1H 1 if



























FR Y-6













Inc 1 553 of common


1) 2) (3)(a)



FR Y-6



3)(b) 3)(c)



4Hal (4)(b) (4)(cl




1 ) 2) 13lal


FR Y-6



3)(b) (3lcl


(4)(a) (4)(b) 4Hcl



None None


( 1 ) 2) (3)(a)


FR Y-6



3)(b) 3)(c)




4)a) 4)b) 4)(c)





1) 2) (3)a)


FR Y-6



3)(b) (3)(c)



4)(a) (4)(b) 4)(c)



in partnership)

1) 2) 3)(a)



FR Y-6



3)(b) 3)(c)


4)(a) (4)(b) 4Hcl



1 ) 2) (3)(a)




FR Y-6



3)(b) (3)(c)



14)(a) (4)(b) 4)(c)




1) 2) 3)(a)




department store

FR Y-6



(3)(b) 3)(c)



4)(a) 4)(b) (4)(c)




1) (2) 3)(a)




Savings Bank

FR Y-6



(3)(b) (3)(c)



4(a 4(b (4(c)




(1 ) 2) 3)(a)





FR Y-6



3)(b) 3Hcl


NA NA

NA NA

4)(a) (4)(b) 4)(c)





FR Y-6 Cover Page






Accumulated

Other U nearned



$ 4196219 $ (812000) $ (1424091) $ 61446770 4844140

(4451906) (4451906) (1064480)

(500000) (500000) 180499 180499

(255687) (812000) (1743592) 60455023

5999636 1812549 18 12549

(1216420) 812000 947052

(1583304) (1583304) 242944 352049

$ 1556862 $ $ (3083952) $ 66766585











$

2014

5999636

1989738 129000

1291000 5 16150

30992 (4865334)

(637085) (40322)

(170576078) 173931400

(522499) (376137) (323767) 804750

7351444

(2000000) (14858907) 39897380

(673812) (134778952)

(6042502) 3957563 (186000)

(2395330) 152014 (64001)

(116992547)

2013

$ 4844140

1864486 129000 776102 668257 134720

(5646677) 7740

( 11164) (204448200) 241684577

(455123) (592348) 558298

83812

39597620

(33496960) 24372826 (1247806)

(100992958) (3738177)

206164

113256 (25000)

(1 14808655)












$ 42203781

9110388 68oooooo

(40659778) (9349000)

(197917) ( 1064480)

68042994

(7168041)

22069024

$ 14900983

$ 4436367 $ 1753080 $ 3849415

$ (4758244) $ 25000


December 3 1 2 0 14 a n d 2 0 1 3






Use of Estimates



Revenue Recognition


1 1

Securities





Loans Held for Sale


Loans





1 2











December 3 1 2014 and 20 1 3






10 - 50 years 3 - 1 0 years









2015 2016

1 4

$ 129000 95088

$ 224088

Derivatives


December 3 1 2 0 1 4 a n d 2 0 1 3





Treasury Stock


Trust Assets




1 5

Income Taxes


December 3 1 2 0 1 4 and 2 0 1 3






Reclassification




1 6

N ote 3



Securities







$ 124773901 $ 3804793 $ (1001367) $ 127577326






$ 149691439 $ 2698884 $ (3595256) $ 148795067


1 7




Amortized Cost

$ 3548156 6042296

47102698 33623782 90316932


$ 124773901

Fair Value

$ 3566239 6183529

48477033 34816203 93043004

8511983 26022339

$ 127577326







December 31 2 0 1 4








Fair Value

$ $

$ $

Losses Fair Value

$ 9770400

3864421

8692030

14453346

$ 36780196

1 8


$ (229600) $ 9770400 $ (229600) (91708) 3864421 (91708)

(175139) 8692030 (175139)

(504920) 14453346 (504920)

$ (1001367) $ 36780196 $ (1001367



December 31 2013














Total loans


Net loans

1 9

2014

$ 6 104900 195300 279208

10500

$ 6589908

2014

$ 86305726 81738436 65064323

261734692 99492248

8998376 603333801

(295183) 6450169

$ 597178815

Total

Unrealized

Fair Value Losses

$ 9335250 $ (664750)

4288578 (124685)

34910709 (792234)

16026437 (2013587)

$ 64560974 $ (3595256)

2013

$ 5431100 195300 279196

10500

$ 5916096

2013

$ 73238784 77515797 49210426

184444404 78159900

7223712 469793023

(385757) 5623786

$ 464554994


D ecember 3 1 2 0 1 4 and 2 0 1 3


2014







Recoveries 25000 150758 7904 1299 20847 205808


Ending balance


impainnent $ 8935 s 1 723 s 408336 $ 731291 $ 120822 $ 3376 $ 1 274483

Ending balance


impairment s 1000167 $ 176364 $ 7 1 1 664 $ 2861852 $ 205974 s 2 19665 s 5175686

Loans


Ending balance



Ending balance


impainnent $ 86246 156 $ 81726947 s 62431367 $ 255656591 s 98461109 $ 8975860 s 593498030

20




Losses charged off

Recoveries

Balance end of year

Ending balance


impairment

Ending balance


impairment

Loans


December 3 1 201 4 and 2 0 1 3

2013



s 655667 s 88374 $ 21 80440 s 171 6530 s 458970

1 14395 65307 (49380) 292400 3 1 1 677

(131929) (58631) (134797)

30267 41

$ 770062 s 153681 $ 2029398 $ 1950299 $ 635891

s s 38608 $ 1052013 $ 314645 s 292836

s 770062 $ J 1 5073 s 977385 s 1635654 s 343055

Consumer

and Other Total

$ 77630 $ 51776 1 1

41 703 776102

(58574) (38393 1)

23696 54004

s 84455 $ 5623786

s s 1 698102

$ 84455 $ 3925684


Ending balance



Ending balance


impairment s 73238784 s 77358689 $ 42272537 $ 182842999 $ 76846684 s 72237 1 2 s 459783405





21


December 3 1 20 1 4 and 2 0 1 3










22


December 3 1 20 1 4 and 201 3







23


Decem ber 3 1 2 0 1 4 and 2 0 1 3








Agricultural

$ 86246156

59570

$ 86305726

Agricultural

Real Estate

$ 81 726947

1 1 489

$ 81 738436

24

2014

Commercia l

$ 60466766 1 964601 2606288

26668

$ 65064323

Consumer

Real Estate

$ 98331305 1 1 60943

$ 99492248

Commercial

Real Estate Total

$ 248979 648 $47741 9517 6676943 8641544 6078101 8755448

26668

$ 261734692 $494843 177

Consumer

and Other Total

$ 8974157 $ 107305462 24219 1 1 85162

$ 8998376 $ 1 08490624

_ I

Agricultural







$ 73198803 $ 77508288 $ 41 961660 $ 178656731 137045 1 768952

39981 7509 2787500 259568 4324221 3759153

$ 73238784 $ 77515797 $ 49210426 $ 184444404

Consumer Consumer


$ 76078839 $ 7190047 2081061 33665

$ 78159900 $ 72237 12

Total

$371325482 1905997 3094558 8083374

$384409411

Total

$ 83268886 2 1 14726

$ 85383612




201 4

Total Loans gt 90


$ $ $ $ $ $ 86305726 $ 86305726


Commercial 1 14872 215674 209419 114717 654682 64409641 65064323




Total $ 1974017 $ 1225836 $ 289068 $ 1268850 $ 4757771 $ 598576030 $ 603333801

25

Agricultural


December 3 1 2 0 1 4 and 201 3

2013

Total Loans gt 90


$ $ $ $ $


$ 73238784 $ 73238784


Commercial 280097 204740 181053 560438 1226328 47984098 49210426




Total $ 2392083 $ 533251 $ 956619 $ 1458277 $ 5340230 $ 464452 793 $ 469793023



2 6


December 3 1 2 0 1 4 and 2 0 1 3

2014

Average

Unpaid Investment




Agricultural 59570 59570 8935 57 1 16


Commercial 2632956 2712541 408336 767738






2013

Average

Unpaid Investment




allovance

Commercial $ 40000 $ 70162 $ $ 70427





Commercial 6897889 6980003 1 052013 5629646





Total


Commercial 6937889 7050165 1052013 5700073




Interest

Income

Recognized

2558

747

32385

333654

40067

1863

4 1 1 274

Interest

Income

Recognized

$ 7747

$ 7747

321474

60279

58591

440344

329221

60279

58591

$ 448091


27

Interest

Income

Cash

Basis

4746

1515

39332

344178

5 1 977

2848

444596

Interest

Income

Cash

Basis

$ 2415

$ 2415

7337

10657

256840

60577

3354 1 1

7337

13072

256840

60577

$ 337826


December 3 1 20 1 4 and 2 0 1 3







N umber of TD Rs

1

4

6

N u m ber of TD Rs

1

2



$ 17664 $ 17664 $ 25368 $ 25368

1293527 1293527

$ 1336559 $ 1336559



$ 121968 $ 121 968

731 1 5 73 1 15

$ 195083 $ 1 95083


28

N ote 5


D ecember 3 1 2 0 1 4 and 2 0 1 3



2014





2013

$ 2648835 13644840 1 7594719

33888394 18138560

$ 15 749834


Fair Value Hedges



29


Decem ber 3 1 2 0 1 4 and 2 0 1 3







Fa i r Value Hedges

Interest rate swap

Cash Flow Hedges






(18196) $ 27550



30







$ 15000000 $ (355929)

2013




$ 15000000 $ 488578

N ote 7 G oodwill



Goodvill 19791321 1 976$321



3 1

I

N ote 8


Decem ber 3 1 2 0 1 4 and 201 3




2015 $ 14483083 1 2016 32838389 2017 3674206 2018 2441 696 2019 3261275 Thereafter 4433000

$ 191479397



32


December 3 1 2 0 1 4 and 2 0 1 3







Weighted

Average

Interest

Rate at Year End

NIA 044 217 217 275 1 60 1 37

2014

Balance Due

$ 52355406

3 63195 371155

10379290 5387603

25539635

94396284

(2921424)

$ 91474860

2013

Weighted

Average

Interest


040 $ 3 0347783 066 15355406 2 17 3 63 195 217 371155 277 1 0379290 1 60 5387603 1 41 25539634

87744066

(3403844)

$ 84340222



33


D ecember 3 1 2 0 1 4 and 2 0 1 3



2 0 1 4 2013


Net of Tax Amount $ 1556862 $ (255687)





2014

$ 637085 (237633)

$ 399452



$ (4853)

34


December 3 1 2 0 1 4 and 2 0 1 3



2014






$ 5000000

2 0 1 3

$ 1 385417

522002

490059

$ 2397478


35


December 3 1 2 0 1 4 and 20 1 3





201 4 20 1 3




36


D ecember 3 1 2 0 1 4 and 201 3


2 0 1 4 201 3








20 1 4 201 3

Deferred tax assets



Other 161 216 121098



4 126343 3822039





Goodvvill 3127366 2823561



5649484 4424406


37


December 3 1 2 0 1 4 and 2 0 1 3





38


December 3 1 2 0 1 4 and 2 0 1 3


















39


December 3 1 2 0 1 4 a n d 20 1 3











40


D ecember 3 1 20 1 4 a n d 201 3








4 1


December 3 1 2 0 1 4 a n d 2 0 1 3


Allocated shares



Ending ESOP shares


2014

2575

75

759

3409

3098238

20 1 3

2648

56

473

3 177

$ 1 8 1 1 590







42


December 3 1 2 0 1 4 and 2 0 1 3









Fair Value

$ 24578999

85 1 1 983

26022339 68464005

(53 125 1)

Fair Value

$ 25804500

941871 1

40582910 72988946

488578 (599974)

$

$


Quoted

Prices in

Active Significant



$ 24578999 $

851 1983

26022339 68464005

(53 1251)


Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

43

Significant

Other

Observable

Inputs (Level 2)

$ 25804500

94187 1 1

40582910 72988946

488578 (599974)

$

Sign ificant

Unobservable

I n puts (Level 3)


December 3 1 2 0 1 4 a n d 2 0 1 3








Fair Valu e



Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

44

$

Significant

Other

Observable I nputs

(Level 2)

2013

$

Significant


Level 3)

8561288


December 3 1 2 0 1 4 and 201 3


Fair Value


Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

$

Significant

Other

Observable

I nputs (Level 2)

$

Significant

U nobservable

Inputs (Level 3)

83 1 1516





45


December 3 1 2 0 1 4 and 2 0 1 3














Loans Held For Sale


46

Loans


D ecember 3 1 2 0 1 4 a n d 2 0 1 3




Deposits









4 7


December 3 1 2 0 1 4 and 20 1 3



General Litigation









48

Lines of Credit


December 3 1 2 0 1 4 a n d 2 0 1 3








49


100



100





I

100



Reinbeck IA 1H 1 if



























FR Y-6













Inc 1 553 of common


1) 2) (3)(a)



FR Y-6



3)(b) 3)(c)



4Hal (4)(b) (4)(cl




1 ) 2) 13lal


FR Y-6



3)(b) (3lcl


(4)(a) (4)(b) 4Hcl



None None


( 1 ) 2) (3)(a)


FR Y-6



3)(b) 3)(c)




4)a) 4)b) 4)(c)





1) 2) (3)a)


FR Y-6



3)(b) (3)(c)



4)(a) (4)(b) 4)(c)



in partnership)

1) 2) 3)(a)



FR Y-6



3)(b) 3)(c)


4)(a) (4)(b) 4Hcl



1 ) 2) (3)(a)




FR Y-6



3)(b) (3)(c)



14)(a) (4)(b) 4)(c)




1) 2) 3)(a)




department store

FR Y-6



(3)(b) 3)(c)



4)(a) 4)(b) (4)(c)




1) (2) 3)(a)




Savings Bank

FR Y-6



(3)(b) (3)(c)



4(a 4(b (4(c)




(1 ) 2) 3)(a)





FR Y-6



3)(b) 3Hcl


NA NA

NA NA

4)(a) (4)(b) 4)(c)





FR Y-6 Cover Page















$

2014

5999636

1989738 129000

1291000 5 16150

30992 (4865334)

(637085) (40322)

(170576078) 173931400

(522499) (376137) (323767) 804750

7351444

(2000000) (14858907) 39897380

(673812) (134778952)

(6042502) 3957563 (186000)

(2395330) 152014 (64001)

(116992547)

2013

$ 4844140

1864486 129000 776102 668257 134720

(5646677) 7740

( 11164) (204448200) 241684577

(455123) (592348) 558298

83812

39597620

(33496960) 24372826 (1247806)

(100992958) (3738177)

206164

113256 (25000)

(1 14808655)












$ 42203781

9110388 68oooooo

(40659778) (9349000)

(197917) ( 1064480)

68042994

(7168041)

22069024

$ 14900983

$ 4436367 $ 1753080 $ 3849415

$ (4758244) $ 25000


December 3 1 2 0 14 a n d 2 0 1 3






Use of Estimates



Revenue Recognition


1 1

Securities





Loans Held for Sale


Loans





1 2











December 3 1 2014 and 20 1 3






10 - 50 years 3 - 1 0 years









2015 2016

1 4

$ 129000 95088

$ 224088

Derivatives


December 3 1 2 0 1 4 a n d 2 0 1 3





Treasury Stock


Trust Assets




1 5

Income Taxes


December 3 1 2 0 1 4 and 2 0 1 3






Reclassification




1 6

N ote 3



Securities







$ 124773901 $ 3804793 $ (1001367) $ 127577326






$ 149691439 $ 2698884 $ (3595256) $ 148795067


1 7




Amortized Cost

$ 3548156 6042296

47102698 33623782 90316932


$ 124773901

Fair Value

$ 3566239 6183529

48477033 34816203 93043004

8511983 26022339

$ 127577326







December 31 2 0 1 4








Fair Value

$ $

$ $

Losses Fair Value

$ 9770400

3864421

8692030

14453346

$ 36780196

1 8


$ (229600) $ 9770400 $ (229600) (91708) 3864421 (91708)

(175139) 8692030 (175139)

(504920) 14453346 (504920)

$ (1001367) $ 36780196 $ (1001367



December 31 2013














Total loans


Net loans

1 9

2014

$ 6 104900 195300 279208

10500

$ 6589908

2014

$ 86305726 81738436 65064323

261734692 99492248

8998376 603333801

(295183) 6450169

$ 597178815

Total

Unrealized

Fair Value Losses

$ 9335250 $ (664750)

4288578 (124685)

34910709 (792234)

16026437 (2013587)

$ 64560974 $ (3595256)

2013

$ 5431100 195300 279196

10500

$ 5916096

2013

$ 73238784 77515797 49210426

184444404 78159900

7223712 469793023

(385757) 5623786

$ 464554994


D ecember 3 1 2 0 1 4 and 2 0 1 3


2014







Recoveries 25000 150758 7904 1299 20847 205808


Ending balance


impainnent $ 8935 s 1 723 s 408336 $ 731291 $ 120822 $ 3376 $ 1 274483

Ending balance


impairment s 1000167 $ 176364 $ 7 1 1 664 $ 2861852 $ 205974 s 2 19665 s 5175686

Loans


Ending balance



Ending balance


impainnent $ 86246 156 $ 81726947 s 62431367 $ 255656591 s 98461109 $ 8975860 s 593498030

20




Losses charged off

Recoveries

Balance end of year

Ending balance


impairment

Ending balance


impairment

Loans


December 3 1 201 4 and 2 0 1 3

2013



s 655667 s 88374 $ 21 80440 s 171 6530 s 458970

1 14395 65307 (49380) 292400 3 1 1 677

(131929) (58631) (134797)

30267 41

$ 770062 s 153681 $ 2029398 $ 1950299 $ 635891

s s 38608 $ 1052013 $ 314645 s 292836

s 770062 $ J 1 5073 s 977385 s 1635654 s 343055

Consumer

and Other Total

$ 77630 $ 51776 1 1

41 703 776102

(58574) (38393 1)

23696 54004

s 84455 $ 5623786

s s 1 698102

$ 84455 $ 3925684


Ending balance



Ending balance


impairment s 73238784 s 77358689 $ 42272537 $ 182842999 $ 76846684 s 72237 1 2 s 459783405





21


December 3 1 20 1 4 and 2 0 1 3










22


December 3 1 20 1 4 and 201 3







23


Decem ber 3 1 2 0 1 4 and 2 0 1 3








Agricultural

$ 86246156

59570

$ 86305726

Agricultural

Real Estate

$ 81 726947

1 1 489

$ 81 738436

24

2014

Commercia l

$ 60466766 1 964601 2606288

26668

$ 65064323

Consumer

Real Estate

$ 98331305 1 1 60943

$ 99492248

Commercial

Real Estate Total

$ 248979 648 $47741 9517 6676943 8641544 6078101 8755448

26668

$ 261734692 $494843 177

Consumer

and Other Total

$ 8974157 $ 107305462 24219 1 1 85162

$ 8998376 $ 1 08490624

_ I

Agricultural







$ 73198803 $ 77508288 $ 41 961660 $ 178656731 137045 1 768952

39981 7509 2787500 259568 4324221 3759153

$ 73238784 $ 77515797 $ 49210426 $ 184444404

Consumer Consumer


$ 76078839 $ 7190047 2081061 33665

$ 78159900 $ 72237 12

Total

$371325482 1905997 3094558 8083374

$384409411

Total

$ 83268886 2 1 14726

$ 85383612




201 4

Total Loans gt 90


$ $ $ $ $ $ 86305726 $ 86305726


Commercial 1 14872 215674 209419 114717 654682 64409641 65064323




Total $ 1974017 $ 1225836 $ 289068 $ 1268850 $ 4757771 $ 598576030 $ 603333801

25

Agricultural


December 3 1 2 0 1 4 and 201 3

2013

Total Loans gt 90


$ $ $ $ $


$ 73238784 $ 73238784


Commercial 280097 204740 181053 560438 1226328 47984098 49210426




Total $ 2392083 $ 533251 $ 956619 $ 1458277 $ 5340230 $ 464452 793 $ 469793023



2 6


December 3 1 2 0 1 4 and 2 0 1 3

2014

Average

Unpaid Investment




Agricultural 59570 59570 8935 57 1 16


Commercial 2632956 2712541 408336 767738






2013

Average

Unpaid Investment




allovance

Commercial $ 40000 $ 70162 $ $ 70427





Commercial 6897889 6980003 1 052013 5629646





Total


Commercial 6937889 7050165 1052013 5700073




Interest

Income

Recognized

2558

747

32385

333654

40067

1863

4 1 1 274

Interest

Income

Recognized

$ 7747

$ 7747

321474

60279

58591

440344

329221

60279

58591

$ 448091


27

Interest

Income

Cash

Basis

4746

1515

39332

344178

5 1 977

2848

444596

Interest

Income

Cash

Basis

$ 2415

$ 2415

7337

10657

256840

60577

3354 1 1

7337

13072

256840

60577

$ 337826


December 3 1 20 1 4 and 2 0 1 3







N umber of TD Rs

1

4

6

N u m ber of TD Rs

1

2



$ 17664 $ 17664 $ 25368 $ 25368

1293527 1293527

$ 1336559 $ 1336559



$ 121968 $ 121 968

731 1 5 73 1 15

$ 195083 $ 1 95083


28

N ote 5


D ecember 3 1 2 0 1 4 and 2 0 1 3



2014





2013

$ 2648835 13644840 1 7594719

33888394 18138560

$ 15 749834


Fair Value Hedges



29


Decem ber 3 1 2 0 1 4 and 2 0 1 3







Fa i r Value Hedges

Interest rate swap

Cash Flow Hedges






(18196) $ 27550



30







$ 15000000 $ (355929)

2013




$ 15000000 $ 488578

N ote 7 G oodwill



Goodvill 19791321 1 976$321



3 1

I

N ote 8


Decem ber 3 1 2 0 1 4 and 201 3




2015 $ 14483083 1 2016 32838389 2017 3674206 2018 2441 696 2019 3261275 Thereafter 4433000

$ 191479397



32


December 3 1 2 0 1 4 and 2 0 1 3







Weighted

Average

Interest

Rate at Year End

NIA 044 217 217 275 1 60 1 37

2014

Balance Due

$ 52355406

3 63195 371155

10379290 5387603

25539635

94396284

(2921424)

$ 91474860

2013

Weighted

Average

Interest


040 $ 3 0347783 066 15355406 2 17 3 63 195 217 371155 277 1 0379290 1 60 5387603 1 41 25539634

87744066

(3403844)

$ 84340222



33


D ecember 3 1 2 0 1 4 and 2 0 1 3



2 0 1 4 2013


Net of Tax Amount $ 1556862 $ (255687)





2014

$ 637085 (237633)

$ 399452



$ (4853)

34


December 3 1 2 0 1 4 and 2 0 1 3



2014






$ 5000000

2 0 1 3

$ 1 385417

522002

490059

$ 2397478


35


December 3 1 2 0 1 4 and 20 1 3





201 4 20 1 3




36


D ecember 3 1 2 0 1 4 and 201 3


2 0 1 4 201 3








20 1 4 201 3

Deferred tax assets



Other 161 216 121098



4 126343 3822039





Goodvvill 3127366 2823561



5649484 4424406


37


December 3 1 2 0 1 4 and 2 0 1 3





38


December 3 1 2 0 1 4 and 2 0 1 3


















39


December 3 1 2 0 1 4 a n d 20 1 3











40


D ecember 3 1 20 1 4 a n d 201 3








4 1


December 3 1 2 0 1 4 a n d 2 0 1 3


Allocated shares



Ending ESOP shares


2014

2575

75

759

3409

3098238

20 1 3

2648

56

473

3 177

$ 1 8 1 1 590







42


December 3 1 2 0 1 4 and 2 0 1 3









Fair Value

$ 24578999

85 1 1 983

26022339 68464005

(53 125 1)

Fair Value

$ 25804500

941871 1

40582910 72988946

488578 (599974)

$

$


Quoted

Prices in

Active Significant



$ 24578999 $

851 1983

26022339 68464005

(53 1251)


Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

43

Significant

Other

Observable

Inputs (Level 2)

$ 25804500

94187 1 1

40582910 72988946

488578 (599974)

$

Sign ificant

Unobservable

I n puts (Level 3)


December 3 1 2 0 1 4 a n d 2 0 1 3








Fair Valu e



Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

44

$

Significant

Other

Observable I nputs

(Level 2)

2013

$

Significant


Level 3)

8561288


December 3 1 2 0 1 4 and 201 3


Fair Value


Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

$

Significant

Other

Observable

I nputs (Level 2)

$

Significant

U nobservable

Inputs (Level 3)

83 1 1516





45


December 3 1 2 0 1 4 and 2 0 1 3














Loans Held For Sale


46

Loans


D ecember 3 1 2 0 1 4 a n d 2 0 1 3




Deposits









4 7


December 3 1 2 0 1 4 and 20 1 3



General Litigation









48

Lines of Credit


December 3 1 2 0 1 4 a n d 2 0 1 3








49


100



100





I

100



Reinbeck IA 1H 1 if



























FR Y-6













Inc 1 553 of common


1) 2) (3)(a)



FR Y-6



3)(b) 3)(c)



4Hal (4)(b) (4)(cl




1 ) 2) 13lal


FR Y-6



3)(b) (3lcl


(4)(a) (4)(b) 4Hcl



None None


( 1 ) 2) (3)(a)


FR Y-6



3)(b) 3)(c)




4)a) 4)b) 4)(c)





1) 2) (3)a)


FR Y-6



3)(b) (3)(c)



4)(a) (4)(b) 4)(c)



in partnership)

1) 2) 3)(a)



FR Y-6



3)(b) 3)(c)


4)(a) (4)(b) 4Hcl



1 ) 2) (3)(a)




FR Y-6



3)(b) (3)(c)



14)(a) (4)(b) 4)(c)




1) 2) 3)(a)




department store

FR Y-6



(3)(b) 3)(c)



4)(a) 4)(b) (4)(c)




1) (2) 3)(a)




Savings Bank

FR Y-6



(3)(b) (3)(c)



4(a 4(b (4(c)




(1 ) 2) 3)(a)





FR Y-6



3)(b) 3Hcl


NA NA

NA NA

4)(a) (4)(b) 4)(c)





FR Y-6 Cover Page

















$ 42203781

9110388 68oooooo

(40659778) (9349000)

(197917) ( 1064480)

68042994

(7168041)

22069024

$ 14900983

$ 4436367 $ 1753080 $ 3849415

$ (4758244) $ 25000


December 3 1 2 0 14 a n d 2 0 1 3






Use of Estimates



Revenue Recognition


1 1

Securities





Loans Held for Sale


Loans





1 2











December 3 1 2014 and 20 1 3






10 - 50 years 3 - 1 0 years









2015 2016

1 4

$ 129000 95088

$ 224088

Derivatives


December 3 1 2 0 1 4 a n d 2 0 1 3





Treasury Stock


Trust Assets




1 5

Income Taxes


December 3 1 2 0 1 4 and 2 0 1 3






Reclassification




1 6

N ote 3



Securities







$ 124773901 $ 3804793 $ (1001367) $ 127577326






$ 149691439 $ 2698884 $ (3595256) $ 148795067


1 7




Amortized Cost

$ 3548156 6042296

47102698 33623782 90316932


$ 124773901

Fair Value

$ 3566239 6183529

48477033 34816203 93043004

8511983 26022339

$ 127577326







December 31 2 0 1 4








Fair Value

$ $

$ $

Losses Fair Value

$ 9770400

3864421

8692030

14453346

$ 36780196

1 8


$ (229600) $ 9770400 $ (229600) (91708) 3864421 (91708)

(175139) 8692030 (175139)

(504920) 14453346 (504920)

$ (1001367) $ 36780196 $ (1001367



December 31 2013














Total loans


Net loans

1 9

2014

$ 6 104900 195300 279208

10500

$ 6589908

2014

$ 86305726 81738436 65064323

261734692 99492248

8998376 603333801

(295183) 6450169

$ 597178815

Total

Unrealized

Fair Value Losses

$ 9335250 $ (664750)

4288578 (124685)

34910709 (792234)

16026437 (2013587)

$ 64560974 $ (3595256)

2013

$ 5431100 195300 279196

10500

$ 5916096

2013

$ 73238784 77515797 49210426

184444404 78159900

7223712 469793023

(385757) 5623786

$ 464554994


D ecember 3 1 2 0 1 4 and 2 0 1 3


2014







Recoveries 25000 150758 7904 1299 20847 205808


Ending balance


impainnent $ 8935 s 1 723 s 408336 $ 731291 $ 120822 $ 3376 $ 1 274483

Ending balance


impairment s 1000167 $ 176364 $ 7 1 1 664 $ 2861852 $ 205974 s 2 19665 s 5175686

Loans


Ending balance



Ending balance


impainnent $ 86246 156 $ 81726947 s 62431367 $ 255656591 s 98461109 $ 8975860 s 593498030

20




Losses charged off

Recoveries

Balance end of year

Ending balance


impairment

Ending balance


impairment

Loans


December 3 1 201 4 and 2 0 1 3

2013



s 655667 s 88374 $ 21 80440 s 171 6530 s 458970

1 14395 65307 (49380) 292400 3 1 1 677

(131929) (58631) (134797)

30267 41

$ 770062 s 153681 $ 2029398 $ 1950299 $ 635891

s s 38608 $ 1052013 $ 314645 s 292836

s 770062 $ J 1 5073 s 977385 s 1635654 s 343055

Consumer

and Other Total

$ 77630 $ 51776 1 1

41 703 776102

(58574) (38393 1)

23696 54004

s 84455 $ 5623786

s s 1 698102

$ 84455 $ 3925684


Ending balance



Ending balance


impairment s 73238784 s 77358689 $ 42272537 $ 182842999 $ 76846684 s 72237 1 2 s 459783405





21


December 3 1 20 1 4 and 2 0 1 3










22


December 3 1 20 1 4 and 201 3







23


Decem ber 3 1 2 0 1 4 and 2 0 1 3








Agricultural

$ 86246156

59570

$ 86305726

Agricultural

Real Estate

$ 81 726947

1 1 489

$ 81 738436

24

2014

Commercia l

$ 60466766 1 964601 2606288

26668

$ 65064323

Consumer

Real Estate

$ 98331305 1 1 60943

$ 99492248

Commercial

Real Estate Total

$ 248979 648 $47741 9517 6676943 8641544 6078101 8755448

26668

$ 261734692 $494843 177

Consumer

and Other Total

$ 8974157 $ 107305462 24219 1 1 85162

$ 8998376 $ 1 08490624

_ I

Agricultural







$ 73198803 $ 77508288 $ 41 961660 $ 178656731 137045 1 768952

39981 7509 2787500 259568 4324221 3759153

$ 73238784 $ 77515797 $ 49210426 $ 184444404

Consumer Consumer


$ 76078839 $ 7190047 2081061 33665

$ 78159900 $ 72237 12

Total

$371325482 1905997 3094558 8083374

$384409411

Total

$ 83268886 2 1 14726

$ 85383612




201 4

Total Loans gt 90


$ $ $ $ $ $ 86305726 $ 86305726


Commercial 1 14872 215674 209419 114717 654682 64409641 65064323




Total $ 1974017 $ 1225836 $ 289068 $ 1268850 $ 4757771 $ 598576030 $ 603333801

25

Agricultural


December 3 1 2 0 1 4 and 201 3

2013

Total Loans gt 90


$ $ $ $ $


$ 73238784 $ 73238784


Commercial 280097 204740 181053 560438 1226328 47984098 49210426




Total $ 2392083 $ 533251 $ 956619 $ 1458277 $ 5340230 $ 464452 793 $ 469793023



2 6


December 3 1 2 0 1 4 and 2 0 1 3

2014

Average

Unpaid Investment




Agricultural 59570 59570 8935 57 1 16


Commercial 2632956 2712541 408336 767738






2013

Average

Unpaid Investment




allovance

Commercial $ 40000 $ 70162 $ $ 70427





Commercial 6897889 6980003 1 052013 5629646





Total


Commercial 6937889 7050165 1052013 5700073




Interest

Income

Recognized

2558

747

32385

333654

40067

1863

4 1 1 274

Interest

Income

Recognized

$ 7747

$ 7747

321474

60279

58591

440344

329221

60279

58591

$ 448091


27

Interest

Income

Cash

Basis

4746

1515

39332

344178

5 1 977

2848

444596

Interest

Income

Cash

Basis

$ 2415

$ 2415

7337

10657

256840

60577

3354 1 1

7337

13072

256840

60577

$ 337826


December 3 1 20 1 4 and 2 0 1 3







N umber of TD Rs

1

4

6

N u m ber of TD Rs

1

2



$ 17664 $ 17664 $ 25368 $ 25368

1293527 1293527

$ 1336559 $ 1336559



$ 121968 $ 121 968

731 1 5 73 1 15

$ 195083 $ 1 95083


28

N ote 5


D ecember 3 1 2 0 1 4 and 2 0 1 3



2014





2013

$ 2648835 13644840 1 7594719

33888394 18138560

$ 15 749834


Fair Value Hedges



29


Decem ber 3 1 2 0 1 4 and 2 0 1 3







Fa i r Value Hedges

Interest rate swap

Cash Flow Hedges






(18196) $ 27550



30







$ 15000000 $ (355929)

2013




$ 15000000 $ 488578

N ote 7 G oodwill



Goodvill 19791321 1 976$321



3 1

I

N ote 8


Decem ber 3 1 2 0 1 4 and 201 3




2015 $ 14483083 1 2016 32838389 2017 3674206 2018 2441 696 2019 3261275 Thereafter 4433000

$ 191479397



32


December 3 1 2 0 1 4 and 2 0 1 3







Weighted

Average

Interest

Rate at Year End

NIA 044 217 217 275 1 60 1 37

2014

Balance Due

$ 52355406

3 63195 371155

10379290 5387603

25539635

94396284

(2921424)

$ 91474860

2013

Weighted

Average

Interest


040 $ 3 0347783 066 15355406 2 17 3 63 195 217 371155 277 1 0379290 1 60 5387603 1 41 25539634

87744066

(3403844)

$ 84340222



33


D ecember 3 1 2 0 1 4 and 2 0 1 3



2 0 1 4 2013


Net of Tax Amount $ 1556862 $ (255687)





2014

$ 637085 (237633)

$ 399452



$ (4853)

34


December 3 1 2 0 1 4 and 2 0 1 3



2014






$ 5000000

2 0 1 3

$ 1 385417

522002

490059

$ 2397478


35


December 3 1 2 0 1 4 and 20 1 3





201 4 20 1 3




36


D ecember 3 1 2 0 1 4 and 201 3


2 0 1 4 201 3








20 1 4 201 3

Deferred tax assets



Other 161 216 121098



4 126343 3822039





Goodvvill 3127366 2823561



5649484 4424406


37


December 3 1 2 0 1 4 and 2 0 1 3





38


December 3 1 2 0 1 4 and 2 0 1 3


















39


December 3 1 2 0 1 4 a n d 20 1 3











40


D ecember 3 1 20 1 4 a n d 201 3








4 1


December 3 1 2 0 1 4 a n d 2 0 1 3


Allocated shares



Ending ESOP shares


2014

2575

75

759

3409

3098238

20 1 3

2648

56

473

3 177

$ 1 8 1 1 590







42


December 3 1 2 0 1 4 and 2 0 1 3









Fair Value

$ 24578999

85 1 1 983

26022339 68464005

(53 125 1)

Fair Value

$ 25804500

941871 1

40582910 72988946

488578 (599974)

$

$


Quoted

Prices in

Active Significant



$ 24578999 $

851 1983

26022339 68464005

(53 1251)


Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

43

Significant

Other

Observable

Inputs (Level 2)

$ 25804500

94187 1 1

40582910 72988946

488578 (599974)

$

Sign ificant

Unobservable

I n puts (Level 3)


December 3 1 2 0 1 4 a n d 2 0 1 3








Fair Valu e



Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

44

$

Significant

Other

Observable I nputs

(Level 2)

2013

$

Significant


Level 3)

8561288


December 3 1 2 0 1 4 and 201 3


Fair Value


Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

$

Significant

Other

Observable

I nputs (Level 2)

$

Significant

U nobservable

Inputs (Level 3)

83 1 1516





45


December 3 1 2 0 1 4 and 2 0 1 3














Loans Held For Sale


46

Loans


D ecember 3 1 2 0 1 4 a n d 2 0 1 3




Deposits









4 7


December 3 1 2 0 1 4 and 20 1 3



General Litigation









48

Lines of Credit


December 3 1 2 0 1 4 a n d 2 0 1 3








49


100



100





I

100



Reinbeck IA 1H 1 if



























FR Y-6













Inc 1 553 of common


1) 2) (3)(a)



FR Y-6



3)(b) 3)(c)



4Hal (4)(b) (4)(cl




1 ) 2) 13lal


FR Y-6



3)(b) (3lcl


(4)(a) (4)(b) 4Hcl



None None


( 1 ) 2) (3)(a)


FR Y-6



3)(b) 3)(c)




4)a) 4)b) 4)(c)





1) 2) (3)a)


FR Y-6



3)(b) (3)(c)



4)(a) (4)(b) 4)(c)



in partnership)

1) 2) 3)(a)



FR Y-6



3)(b) 3)(c)


4)(a) (4)(b) 4Hcl



1 ) 2) (3)(a)




FR Y-6



3)(b) (3)(c)



14)(a) (4)(b) 4)(c)




1) 2) 3)(a)




department store

FR Y-6



(3)(b) 3)(c)



4)(a) 4)(b) (4)(c)




1) (2) 3)(a)




Savings Bank

FR Y-6



(3)(b) (3)(c)



4(a 4(b (4(c)




(1 ) 2) 3)(a)





FR Y-6



3)(b) 3Hcl


NA NA

NA NA

4)(a) (4)(b) 4)(c)





FR Y-6 Cover Page







December 3 1 2 0 14 a n d 2 0 1 3






Use of Estimates



Revenue Recognition


1 1

Securities





Loans Held for Sale


Loans





1 2











December 3 1 2014 and 20 1 3






10 - 50 years 3 - 1 0 years









2015 2016

1 4

$ 129000 95088

$ 224088

Derivatives


December 3 1 2 0 1 4 a n d 2 0 1 3





Treasury Stock


Trust Assets




1 5

Income Taxes


December 3 1 2 0 1 4 and 2 0 1 3






Reclassification




1 6

N ote 3



Securities







$ 124773901 $ 3804793 $ (1001367) $ 127577326






$ 149691439 $ 2698884 $ (3595256) $ 148795067


1 7




Amortized Cost

$ 3548156 6042296

47102698 33623782 90316932


$ 124773901

Fair Value

$ 3566239 6183529

48477033 34816203 93043004

8511983 26022339

$ 127577326







December 31 2 0 1 4








Fair Value

$ $

$ $

Losses Fair Value

$ 9770400

3864421

8692030

14453346

$ 36780196

1 8


$ (229600) $ 9770400 $ (229600) (91708) 3864421 (91708)

(175139) 8692030 (175139)

(504920) 14453346 (504920)

$ (1001367) $ 36780196 $ (1001367



December 31 2013














Total loans


Net loans

1 9

2014

$ 6 104900 195300 279208

10500

$ 6589908

2014

$ 86305726 81738436 65064323

261734692 99492248

8998376 603333801

(295183) 6450169

$ 597178815

Total

Unrealized

Fair Value Losses

$ 9335250 $ (664750)

4288578 (124685)

34910709 (792234)

16026437 (2013587)

$ 64560974 $ (3595256)

2013

$ 5431100 195300 279196

10500

$ 5916096

2013

$ 73238784 77515797 49210426

184444404 78159900

7223712 469793023

(385757) 5623786

$ 464554994


D ecember 3 1 2 0 1 4 and 2 0 1 3


2014







Recoveries 25000 150758 7904 1299 20847 205808


Ending balance


impainnent $ 8935 s 1 723 s 408336 $ 731291 $ 120822 $ 3376 $ 1 274483

Ending balance


impairment s 1000167 $ 176364 $ 7 1 1 664 $ 2861852 $ 205974 s 2 19665 s 5175686

Loans


Ending balance



Ending balance


impainnent $ 86246 156 $ 81726947 s 62431367 $ 255656591 s 98461109 $ 8975860 s 593498030

20




Losses charged off

Recoveries

Balance end of year

Ending balance


impairment

Ending balance


impairment

Loans


December 3 1 201 4 and 2 0 1 3

2013



s 655667 s 88374 $ 21 80440 s 171 6530 s 458970

1 14395 65307 (49380) 292400 3 1 1 677

(131929) (58631) (134797)

30267 41

$ 770062 s 153681 $ 2029398 $ 1950299 $ 635891

s s 38608 $ 1052013 $ 314645 s 292836

s 770062 $ J 1 5073 s 977385 s 1635654 s 343055

Consumer

and Other Total

$ 77630 $ 51776 1 1

41 703 776102

(58574) (38393 1)

23696 54004

s 84455 $ 5623786

s s 1 698102

$ 84455 $ 3925684


Ending balance



Ending balance


impairment s 73238784 s 77358689 $ 42272537 $ 182842999 $ 76846684 s 72237 1 2 s 459783405





21


December 3 1 20 1 4 and 2 0 1 3










22


December 3 1 20 1 4 and 201 3







23


Decem ber 3 1 2 0 1 4 and 2 0 1 3








Agricultural

$ 86246156

59570

$ 86305726

Agricultural

Real Estate

$ 81 726947

1 1 489

$ 81 738436

24

2014

Commercia l

$ 60466766 1 964601 2606288

26668

$ 65064323

Consumer

Real Estate

$ 98331305 1 1 60943

$ 99492248

Commercial

Real Estate Total

$ 248979 648 $47741 9517 6676943 8641544 6078101 8755448

26668

$ 261734692 $494843 177

Consumer

and Other Total

$ 8974157 $ 107305462 24219 1 1 85162

$ 8998376 $ 1 08490624

_ I

Agricultural







$ 73198803 $ 77508288 $ 41 961660 $ 178656731 137045 1 768952

39981 7509 2787500 259568 4324221 3759153

$ 73238784 $ 77515797 $ 49210426 $ 184444404

Consumer Consumer


$ 76078839 $ 7190047 2081061 33665

$ 78159900 $ 72237 12

Total

$371325482 1905997 3094558 8083374

$384409411

Total

$ 83268886 2 1 14726

$ 85383612




201 4

Total Loans gt 90


$ $ $ $ $ $ 86305726 $ 86305726


Commercial 1 14872 215674 209419 114717 654682 64409641 65064323




Total $ 1974017 $ 1225836 $ 289068 $ 1268850 $ 4757771 $ 598576030 $ 603333801

25

Agricultural


December 3 1 2 0 1 4 and 201 3

2013

Total Loans gt 90


$ $ $ $ $


$ 73238784 $ 73238784


Commercial 280097 204740 181053 560438 1226328 47984098 49210426




Total $ 2392083 $ 533251 $ 956619 $ 1458277 $ 5340230 $ 464452 793 $ 469793023



2 6


December 3 1 2 0 1 4 and 2 0 1 3

2014

Average

Unpaid Investment




Agricultural 59570 59570 8935 57 1 16


Commercial 2632956 2712541 408336 767738






2013

Average

Unpaid Investment




allovance

Commercial $ 40000 $ 70162 $ $ 70427





Commercial 6897889 6980003 1 052013 5629646





Total


Commercial 6937889 7050165 1052013 5700073




Interest

Income

Recognized

2558

747

32385

333654

40067

1863

4 1 1 274

Interest

Income

Recognized

$ 7747

$ 7747

321474

60279

58591

440344

329221

60279

58591

$ 448091


27

Interest

Income

Cash

Basis

4746

1515

39332

344178

5 1 977

2848

444596

Interest

Income

Cash

Basis

$ 2415

$ 2415

7337

10657

256840

60577

3354 1 1

7337

13072

256840

60577

$ 337826


December 3 1 20 1 4 and 2 0 1 3







N umber of TD Rs

1

4

6

N u m ber of TD Rs

1

2



$ 17664 $ 17664 $ 25368 $ 25368

1293527 1293527

$ 1336559 $ 1336559



$ 121968 $ 121 968

731 1 5 73 1 15

$ 195083 $ 1 95083


28

N ote 5


D ecember 3 1 2 0 1 4 and 2 0 1 3



2014





2013

$ 2648835 13644840 1 7594719

33888394 18138560

$ 15 749834


Fair Value Hedges



29


Decem ber 3 1 2 0 1 4 and 2 0 1 3







Fa i r Value Hedges

Interest rate swap

Cash Flow Hedges






(18196) $ 27550



30







$ 15000000 $ (355929)

2013




$ 15000000 $ 488578

N ote 7 G oodwill



Goodvill 19791321 1 976$321



3 1

I

N ote 8


Decem ber 3 1 2 0 1 4 and 201 3




2015 $ 14483083 1 2016 32838389 2017 3674206 2018 2441 696 2019 3261275 Thereafter 4433000

$ 191479397



32


December 3 1 2 0 1 4 and 2 0 1 3







Weighted

Average

Interest

Rate at Year End

NIA 044 217 217 275 1 60 1 37

2014

Balance Due

$ 52355406

3 63195 371155

10379290 5387603

25539635

94396284

(2921424)

$ 91474860

2013

Weighted

Average

Interest


040 $ 3 0347783 066 15355406 2 17 3 63 195 217 371155 277 1 0379290 1 60 5387603 1 41 25539634

87744066

(3403844)

$ 84340222



33


D ecember 3 1 2 0 1 4 and 2 0 1 3



2 0 1 4 2013


Net of Tax Amount $ 1556862 $ (255687)





2014

$ 637085 (237633)

$ 399452



$ (4853)

34


December 3 1 2 0 1 4 and 2 0 1 3



2014






$ 5000000

2 0 1 3

$ 1 385417

522002

490059

$ 2397478


35


December 3 1 2 0 1 4 and 20 1 3





201 4 20 1 3




36


D ecember 3 1 2 0 1 4 and 201 3


2 0 1 4 201 3








20 1 4 201 3

Deferred tax assets



Other 161 216 121098



4 126343 3822039





Goodvvill 3127366 2823561



5649484 4424406


37


December 3 1 2 0 1 4 and 2 0 1 3





38


December 3 1 2 0 1 4 and 2 0 1 3


















39


December 3 1 2 0 1 4 a n d 20 1 3











40


D ecember 3 1 20 1 4 a n d 201 3








4 1


December 3 1 2 0 1 4 a n d 2 0 1 3


Allocated shares



Ending ESOP shares


2014

2575

75

759

3409

3098238

20 1 3

2648

56

473

3 177

$ 1 8 1 1 590







42


December 3 1 2 0 1 4 and 2 0 1 3









Fair Value

$ 24578999

85 1 1 983

26022339 68464005

(53 125 1)

Fair Value

$ 25804500

941871 1

40582910 72988946

488578 (599974)

$

$


Quoted

Prices in

Active Significant



$ 24578999 $

851 1983

26022339 68464005

(53 1251)


Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

43

Significant

Other

Observable

Inputs (Level 2)

$ 25804500

94187 1 1

40582910 72988946

488578 (599974)

$

Sign ificant

Unobservable

I n puts (Level 3)


December 3 1 2 0 1 4 a n d 2 0 1 3








Fair Valu e



Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

44

$

Significant

Other

Observable I nputs

(Level 2)

2013

$

Significant


Level 3)

8561288


December 3 1 2 0 1 4 and 201 3


Fair Value


Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

$

Significant

Other

Observable

I nputs (Level 2)

$

Significant

U nobservable

Inputs (Level 3)

83 1 1516





45


December 3 1 2 0 1 4 and 2 0 1 3














Loans Held For Sale


46

Loans


D ecember 3 1 2 0 1 4 a n d 2 0 1 3




Deposits









4 7


December 3 1 2 0 1 4 and 20 1 3



General Litigation









48

Lines of Credit


December 3 1 2 0 1 4 a n d 2 0 1 3








49


100



100





I

100



Reinbeck IA 1H 1 if



























FR Y-6













Inc 1 553 of common


1) 2) (3)(a)



FR Y-6



3)(b) 3)(c)



4Hal (4)(b) (4)(cl




1 ) 2) 13lal


FR Y-6



3)(b) (3lcl


(4)(a) (4)(b) 4Hcl



None None


( 1 ) 2) (3)(a)


FR Y-6



3)(b) 3)(c)




4)a) 4)b) 4)(c)





1) 2) (3)a)


FR Y-6



3)(b) (3)(c)



4)(a) (4)(b) 4)(c)



in partnership)

1) 2) 3)(a)



FR Y-6



3)(b) 3)(c)


4)(a) (4)(b) 4Hcl



1 ) 2) (3)(a)




FR Y-6



3)(b) (3)(c)



14)(a) (4)(b) 4)(c)




1) 2) 3)(a)




department store

FR Y-6



(3)(b) 3)(c)



4)(a) 4)(b) (4)(c)




1) (2) 3)(a)




Savings Bank

FR Y-6



(3)(b) (3)(c)



4(a 4(b (4(c)




(1 ) 2) 3)(a)





FR Y-6



3)(b) 3Hcl


NA NA

NA NA

4)(a) (4)(b) 4)(c)





FR Y-6 Cover Page






Securities





Loans Held for Sale


Loans





1 2











December 3 1 2014 and 20 1 3






10 - 50 years 3 - 1 0 years









2015 2016

1 4

$ 129000 95088

$ 224088

Derivatives


December 3 1 2 0 1 4 a n d 2 0 1 3





Treasury Stock


Trust Assets




1 5

Income Taxes


December 3 1 2 0 1 4 and 2 0 1 3






Reclassification




1 6

N ote 3



Securities







$ 124773901 $ 3804793 $ (1001367) $ 127577326






$ 149691439 $ 2698884 $ (3595256) $ 148795067


1 7




Amortized Cost

$ 3548156 6042296

47102698 33623782 90316932


$ 124773901

Fair Value

$ 3566239 6183529

48477033 34816203 93043004

8511983 26022339

$ 127577326







December 31 2 0 1 4








Fair Value

$ $

$ $

Losses Fair Value

$ 9770400

3864421

8692030

14453346

$ 36780196

1 8


$ (229600) $ 9770400 $ (229600) (91708) 3864421 (91708)

(175139) 8692030 (175139)

(504920) 14453346 (504920)

$ (1001367) $ 36780196 $ (1001367



December 31 2013














Total loans


Net loans

1 9

2014

$ 6 104900 195300 279208

10500

$ 6589908

2014

$ 86305726 81738436 65064323

261734692 99492248

8998376 603333801

(295183) 6450169

$ 597178815

Total

Unrealized

Fair Value Losses

$ 9335250 $ (664750)

4288578 (124685)

34910709 (792234)

16026437 (2013587)

$ 64560974 $ (3595256)

2013

$ 5431100 195300 279196

10500

$ 5916096

2013

$ 73238784 77515797 49210426

184444404 78159900

7223712 469793023

(385757) 5623786

$ 464554994


D ecember 3 1 2 0 1 4 and 2 0 1 3


2014







Recoveries 25000 150758 7904 1299 20847 205808


Ending balance


impainnent $ 8935 s 1 723 s 408336 $ 731291 $ 120822 $ 3376 $ 1 274483

Ending balance


impairment s 1000167 $ 176364 $ 7 1 1 664 $ 2861852 $ 205974 s 2 19665 s 5175686

Loans


Ending balance



Ending balance


impainnent $ 86246 156 $ 81726947 s 62431367 $ 255656591 s 98461109 $ 8975860 s 593498030

20




Losses charged off

Recoveries

Balance end of year

Ending balance


impairment

Ending balance


impairment

Loans


December 3 1 201 4 and 2 0 1 3

2013



s 655667 s 88374 $ 21 80440 s 171 6530 s 458970

1 14395 65307 (49380) 292400 3 1 1 677

(131929) (58631) (134797)

30267 41

$ 770062 s 153681 $ 2029398 $ 1950299 $ 635891

s s 38608 $ 1052013 $ 314645 s 292836

s 770062 $ J 1 5073 s 977385 s 1635654 s 343055

Consumer

and Other Total

$ 77630 $ 51776 1 1

41 703 776102

(58574) (38393 1)

23696 54004

s 84455 $ 5623786

s s 1 698102

$ 84455 $ 3925684


Ending balance



Ending balance


impairment s 73238784 s 77358689 $ 42272537 $ 182842999 $ 76846684 s 72237 1 2 s 459783405





21


December 3 1 20 1 4 and 2 0 1 3










22


December 3 1 20 1 4 and 201 3







23


Decem ber 3 1 2 0 1 4 and 2 0 1 3








Agricultural

$ 86246156

59570

$ 86305726

Agricultural

Real Estate

$ 81 726947

1 1 489

$ 81 738436

24

2014

Commercia l

$ 60466766 1 964601 2606288

26668

$ 65064323

Consumer

Real Estate

$ 98331305 1 1 60943

$ 99492248

Commercial

Real Estate Total

$ 248979 648 $47741 9517 6676943 8641544 6078101 8755448

26668

$ 261734692 $494843 177

Consumer

and Other Total

$ 8974157 $ 107305462 24219 1 1 85162

$ 8998376 $ 1 08490624

_ I

Agricultural







$ 73198803 $ 77508288 $ 41 961660 $ 178656731 137045 1 768952

39981 7509 2787500 259568 4324221 3759153

$ 73238784 $ 77515797 $ 49210426 $ 184444404

Consumer Consumer


$ 76078839 $ 7190047 2081061 33665

$ 78159900 $ 72237 12

Total

$371325482 1905997 3094558 8083374

$384409411

Total

$ 83268886 2 1 14726

$ 85383612




201 4

Total Loans gt 90


$ $ $ $ $ $ 86305726 $ 86305726


Commercial 1 14872 215674 209419 114717 654682 64409641 65064323




Total $ 1974017 $ 1225836 $ 289068 $ 1268850 $ 4757771 $ 598576030 $ 603333801

25

Agricultural


December 3 1 2 0 1 4 and 201 3

2013

Total Loans gt 90


$ $ $ $ $


$ 73238784 $ 73238784


Commercial 280097 204740 181053 560438 1226328 47984098 49210426




Total $ 2392083 $ 533251 $ 956619 $ 1458277 $ 5340230 $ 464452 793 $ 469793023



2 6


December 3 1 2 0 1 4 and 2 0 1 3

2014

Average

Unpaid Investment




Agricultural 59570 59570 8935 57 1 16


Commercial 2632956 2712541 408336 767738






2013

Average

Unpaid Investment




allovance

Commercial $ 40000 $ 70162 $ $ 70427





Commercial 6897889 6980003 1 052013 5629646





Total


Commercial 6937889 7050165 1052013 5700073




Interest

Income

Recognized

2558

747

32385

333654

40067

1863

4 1 1 274

Interest

Income

Recognized

$ 7747

$ 7747

321474

60279

58591

440344

329221

60279

58591

$ 448091


27

Interest

Income

Cash

Basis

4746

1515

39332

344178

5 1 977

2848

444596

Interest

Income

Cash

Basis

$ 2415

$ 2415

7337

10657

256840

60577

3354 1 1

7337

13072

256840

60577

$ 337826


December 3 1 20 1 4 and 2 0 1 3







N umber of TD Rs

1

4

6

N u m ber of TD Rs

1

2



$ 17664 $ 17664 $ 25368 $ 25368

1293527 1293527

$ 1336559 $ 1336559



$ 121968 $ 121 968

731 1 5 73 1 15

$ 195083 $ 1 95083


28

N ote 5


D ecember 3 1 2 0 1 4 and 2 0 1 3



2014





2013

$ 2648835 13644840 1 7594719

33888394 18138560

$ 15 749834


Fair Value Hedges



29


Decem ber 3 1 2 0 1 4 and 2 0 1 3







Fa i r Value Hedges

Interest rate swap

Cash Flow Hedges






(18196) $ 27550



30







$ 15000000 $ (355929)

2013




$ 15000000 $ 488578

N ote 7 G oodwill



Goodvill 19791321 1 976$321



3 1

I

N ote 8


Decem ber 3 1 2 0 1 4 and 201 3




2015 $ 14483083 1 2016 32838389 2017 3674206 2018 2441 696 2019 3261275 Thereafter 4433000

$ 191479397



32


December 3 1 2 0 1 4 and 2 0 1 3







Weighted

Average

Interest

Rate at Year End

NIA 044 217 217 275 1 60 1 37

2014

Balance Due

$ 52355406

3 63195 371155

10379290 5387603

25539635

94396284

(2921424)

$ 91474860

2013

Weighted

Average

Interest


040 $ 3 0347783 066 15355406 2 17 3 63 195 217 371155 277 1 0379290 1 60 5387603 1 41 25539634

87744066

(3403844)

$ 84340222



33


D ecember 3 1 2 0 1 4 and 2 0 1 3



2 0 1 4 2013


Net of Tax Amount $ 1556862 $ (255687)





2014

$ 637085 (237633)

$ 399452



$ (4853)

34


December 3 1 2 0 1 4 and 2 0 1 3



2014






$ 5000000

2 0 1 3

$ 1 385417

522002

490059

$ 2397478


35


December 3 1 2 0 1 4 and 20 1 3





201 4 20 1 3




36


D ecember 3 1 2 0 1 4 and 201 3


2 0 1 4 201 3








20 1 4 201 3

Deferred tax assets



Other 161 216 121098



4 126343 3822039





Goodvvill 3127366 2823561



5649484 4424406


37


December 3 1 2 0 1 4 and 2 0 1 3





38


December 3 1 2 0 1 4 and 2 0 1 3


















39


December 3 1 2 0 1 4 a n d 20 1 3











40


D ecember 3 1 20 1 4 a n d 201 3








4 1


December 3 1 2 0 1 4 a n d 2 0 1 3


Allocated shares



Ending ESOP shares


2014

2575

75

759

3409

3098238

20 1 3

2648

56

473

3 177

$ 1 8 1 1 590







42


December 3 1 2 0 1 4 and 2 0 1 3









Fair Value

$ 24578999

85 1 1 983

26022339 68464005

(53 125 1)

Fair Value

$ 25804500

941871 1

40582910 72988946

488578 (599974)

$

$


Quoted

Prices in

Active Significant



$ 24578999 $

851 1983

26022339 68464005

(53 1251)


Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

43

Significant

Other

Observable

Inputs (Level 2)

$ 25804500

94187 1 1

40582910 72988946

488578 (599974)

$

Sign ificant

Unobservable

I n puts (Level 3)


December 3 1 2 0 1 4 a n d 2 0 1 3








Fair Valu e



Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

44

$

Significant

Other

Observable I nputs

(Level 2)

2013

$

Significant


Level 3)

8561288


December 3 1 2 0 1 4 and 201 3


Fair Value


Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

$

Significant

Other

Observable

I nputs (Level 2)

$

Significant

U nobservable

Inputs (Level 3)

83 1 1516





45


December 3 1 2 0 1 4 and 2 0 1 3














Loans Held For Sale


46

Loans


D ecember 3 1 2 0 1 4 a n d 2 0 1 3




Deposits









4 7


December 3 1 2 0 1 4 and 20 1 3



General Litigation









48

Lines of Credit


December 3 1 2 0 1 4 a n d 2 0 1 3








49


100



100





I

100



Reinbeck IA 1H 1 if



























FR Y-6













Inc 1 553 of common


1) 2) (3)(a)



FR Y-6



3)(b) 3)(c)



4Hal (4)(b) (4)(cl




1 ) 2) 13lal


FR Y-6



3)(b) (3lcl


(4)(a) (4)(b) 4Hcl



None None


( 1 ) 2) (3)(a)


FR Y-6



3)(b) 3)(c)




4)a) 4)b) 4)(c)





1) 2) (3)a)


FR Y-6



3)(b) (3)(c)



4)(a) (4)(b) 4)(c)



in partnership)

1) 2) 3)(a)



FR Y-6



3)(b) 3)(c)


4)(a) (4)(b) 4Hcl



1 ) 2) (3)(a)




FR Y-6



3)(b) (3)(c)



14)(a) (4)(b) 4)(c)




1) 2) 3)(a)




department store

FR Y-6



(3)(b) 3)(c)



4)(a) 4)(b) (4)(c)




1) (2) 3)(a)




Savings Bank

FR Y-6



(3)(b) (3)(c)



4(a 4(b (4(c)




(1 ) 2) 3)(a)





FR Y-6



3)(b) 3Hcl


NA NA

NA NA

4)(a) (4)(b) 4)(c)





FR Y-6 Cover Page
















December 3 1 2014 and 20 1 3






10 - 50 years 3 - 1 0 years









2015 2016

1 4

$ 129000 95088

$ 224088

Derivatives


December 3 1 2 0 1 4 a n d 2 0 1 3





Treasury Stock


Trust Assets




1 5

Income Taxes


December 3 1 2 0 1 4 and 2 0 1 3






Reclassification




1 6

N ote 3



Securities







$ 124773901 $ 3804793 $ (1001367) $ 127577326






$ 149691439 $ 2698884 $ (3595256) $ 148795067


1 7




Amortized Cost

$ 3548156 6042296

47102698 33623782 90316932


$ 124773901

Fair Value

$ 3566239 6183529

48477033 34816203 93043004

8511983 26022339

$ 127577326







December 31 2 0 1 4








Fair Value

$ $

$ $

Losses Fair Value

$ 9770400

3864421

8692030

14453346

$ 36780196

1 8


$ (229600) $ 9770400 $ (229600) (91708) 3864421 (91708)

(175139) 8692030 (175139)

(504920) 14453346 (504920)

$ (1001367) $ 36780196 $ (1001367



December 31 2013














Total loans


Net loans

1 9

2014

$ 6 104900 195300 279208

10500

$ 6589908

2014

$ 86305726 81738436 65064323

261734692 99492248

8998376 603333801

(295183) 6450169

$ 597178815

Total

Unrealized

Fair Value Losses

$ 9335250 $ (664750)

4288578 (124685)

34910709 (792234)

16026437 (2013587)

$ 64560974 $ (3595256)

2013

$ 5431100 195300 279196

10500

$ 5916096

2013

$ 73238784 77515797 49210426

184444404 78159900

7223712 469793023

(385757) 5623786

$ 464554994


D ecember 3 1 2 0 1 4 and 2 0 1 3


2014







Recoveries 25000 150758 7904 1299 20847 205808


Ending balance


impainnent $ 8935 s 1 723 s 408336 $ 731291 $ 120822 $ 3376 $ 1 274483

Ending balance


impairment s 1000167 $ 176364 $ 7 1 1 664 $ 2861852 $ 205974 s 2 19665 s 5175686

Loans


Ending balance



Ending balance


impainnent $ 86246 156 $ 81726947 s 62431367 $ 255656591 s 98461109 $ 8975860 s 593498030

20




Losses charged off

Recoveries

Balance end of year

Ending balance


impairment

Ending balance


impairment

Loans


December 3 1 201 4 and 2 0 1 3

2013



s 655667 s 88374 $ 21 80440 s 171 6530 s 458970

1 14395 65307 (49380) 292400 3 1 1 677

(131929) (58631) (134797)

30267 41

$ 770062 s 153681 $ 2029398 $ 1950299 $ 635891

s s 38608 $ 1052013 $ 314645 s 292836

s 770062 $ J 1 5073 s 977385 s 1635654 s 343055

Consumer

and Other Total

$ 77630 $ 51776 1 1

41 703 776102

(58574) (38393 1)

23696 54004

s 84455 $ 5623786

s s 1 698102

$ 84455 $ 3925684


Ending balance



Ending balance


impairment s 73238784 s 77358689 $ 42272537 $ 182842999 $ 76846684 s 72237 1 2 s 459783405





21


December 3 1 20 1 4 and 2 0 1 3










22


December 3 1 20 1 4 and 201 3







23


Decem ber 3 1 2 0 1 4 and 2 0 1 3








Agricultural

$ 86246156

59570

$ 86305726

Agricultural

Real Estate

$ 81 726947

1 1 489

$ 81 738436

24

2014

Commercia l

$ 60466766 1 964601 2606288

26668

$ 65064323

Consumer

Real Estate

$ 98331305 1 1 60943

$ 99492248

Commercial

Real Estate Total

$ 248979 648 $47741 9517 6676943 8641544 6078101 8755448

26668

$ 261734692 $494843 177

Consumer

and Other Total

$ 8974157 $ 107305462 24219 1 1 85162

$ 8998376 $ 1 08490624

_ I

Agricultural







$ 73198803 $ 77508288 $ 41 961660 $ 178656731 137045 1 768952

39981 7509 2787500 259568 4324221 3759153

$ 73238784 $ 77515797 $ 49210426 $ 184444404

Consumer Consumer


$ 76078839 $ 7190047 2081061 33665

$ 78159900 $ 72237 12

Total

$371325482 1905997 3094558 8083374

$384409411

Total

$ 83268886 2 1 14726

$ 85383612




201 4

Total Loans gt 90


$ $ $ $ $ $ 86305726 $ 86305726


Commercial 1 14872 215674 209419 114717 654682 64409641 65064323




Total $ 1974017 $ 1225836 $ 289068 $ 1268850 $ 4757771 $ 598576030 $ 603333801

25

Agricultural


December 3 1 2 0 1 4 and 201 3

2013

Total Loans gt 90


$ $ $ $ $


$ 73238784 $ 73238784


Commercial 280097 204740 181053 560438 1226328 47984098 49210426




Total $ 2392083 $ 533251 $ 956619 $ 1458277 $ 5340230 $ 464452 793 $ 469793023



2 6


December 3 1 2 0 1 4 and 2 0 1 3

2014

Average

Unpaid Investment




Agricultural 59570 59570 8935 57 1 16


Commercial 2632956 2712541 408336 767738






2013

Average

Unpaid Investment




allovance

Commercial $ 40000 $ 70162 $ $ 70427





Commercial 6897889 6980003 1 052013 5629646





Total


Commercial 6937889 7050165 1052013 5700073




Interest

Income

Recognized

2558

747

32385

333654

40067

1863

4 1 1 274

Interest

Income

Recognized

$ 7747

$ 7747

321474

60279

58591

440344

329221

60279

58591

$ 448091


27

Interest

Income

Cash

Basis

4746

1515

39332

344178

5 1 977

2848

444596

Interest

Income

Cash

Basis

$ 2415

$ 2415

7337

10657

256840

60577

3354 1 1

7337

13072

256840

60577

$ 337826


December 3 1 20 1 4 and 2 0 1 3







N umber of TD Rs

1

4

6

N u m ber of TD Rs

1

2



$ 17664 $ 17664 $ 25368 $ 25368

1293527 1293527

$ 1336559 $ 1336559



$ 121968 $ 121 968

731 1 5 73 1 15

$ 195083 $ 1 95083


28

N ote 5


D ecember 3 1 2 0 1 4 and 2 0 1 3



2014





2013

$ 2648835 13644840 1 7594719

33888394 18138560

$ 15 749834


Fair Value Hedges



29


Decem ber 3 1 2 0 1 4 and 2 0 1 3







Fa i r Value Hedges

Interest rate swap

Cash Flow Hedges






(18196) $ 27550



30







$ 15000000 $ (355929)

2013




$ 15000000 $ 488578

N ote 7 G oodwill



Goodvill 19791321 1 976$321



3 1

I

N ote 8


Decem ber 3 1 2 0 1 4 and 201 3




2015 $ 14483083 1 2016 32838389 2017 3674206 2018 2441 696 2019 3261275 Thereafter 4433000

$ 191479397



32


December 3 1 2 0 1 4 and 2 0 1 3







Weighted

Average

Interest

Rate at Year End

NIA 044 217 217 275 1 60 1 37

2014

Balance Due

$ 52355406

3 63195 371155

10379290 5387603

25539635

94396284

(2921424)

$ 91474860

2013

Weighted

Average

Interest


040 $ 3 0347783 066 15355406 2 17 3 63 195 217 371155 277 1 0379290 1 60 5387603 1 41 25539634

87744066

(3403844)

$ 84340222



33


D ecember 3 1 2 0 1 4 and 2 0 1 3



2 0 1 4 2013


Net of Tax Amount $ 1556862 $ (255687)





2014

$ 637085 (237633)

$ 399452



$ (4853)

34


December 3 1 2 0 1 4 and 2 0 1 3



2014






$ 5000000

2 0 1 3

$ 1 385417

522002

490059

$ 2397478


35


December 3 1 2 0 1 4 and 20 1 3





201 4 20 1 3




36


D ecember 3 1 2 0 1 4 and 201 3


2 0 1 4 201 3








20 1 4 201 3

Deferred tax assets



Other 161 216 121098



4 126343 3822039





Goodvvill 3127366 2823561



5649484 4424406


37


December 3 1 2 0 1 4 and 2 0 1 3





38


December 3 1 2 0 1 4 and 2 0 1 3


















39


December 3 1 2 0 1 4 a n d 20 1 3











40


D ecember 3 1 20 1 4 a n d 201 3








4 1


December 3 1 2 0 1 4 a n d 2 0 1 3


Allocated shares



Ending ESOP shares


2014

2575

75

759

3409

3098238

20 1 3

2648

56

473

3 177

$ 1 8 1 1 590







42


December 3 1 2 0 1 4 and 2 0 1 3









Fair Value

$ 24578999

85 1 1 983

26022339 68464005

(53 125 1)

Fair Value

$ 25804500

941871 1

40582910 72988946

488578 (599974)

$

$


Quoted

Prices in

Active Significant



$ 24578999 $

851 1983

26022339 68464005

(53 1251)


Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

43

Significant

Other

Observable

Inputs (Level 2)

$ 25804500

94187 1 1

40582910 72988946

488578 (599974)

$

Sign ificant

Unobservable

I n puts (Level 3)


December 3 1 2 0 1 4 a n d 2 0 1 3








Fair Valu e



Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

44

$

Significant

Other

Observable I nputs

(Level 2)

2013

$

Significant


Level 3)

8561288


December 3 1 2 0 1 4 and 201 3


Fair Value


Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

$

Significant

Other

Observable

I nputs (Level 2)

$

Significant

U nobservable

Inputs (Level 3)

83 1 1516





45


December 3 1 2 0 1 4 and 2 0 1 3














Loans Held For Sale


46

Loans


D ecember 3 1 2 0 1 4 a n d 2 0 1 3




Deposits









4 7


December 3 1 2 0 1 4 and 20 1 3



General Litigation









48

Lines of Credit


December 3 1 2 0 1 4 a n d 2 0 1 3








49


100



100





I

100



Reinbeck IA 1H 1 if



























FR Y-6













Inc 1 553 of common


1) 2) (3)(a)



FR Y-6



3)(b) 3)(c)



4Hal (4)(b) (4)(cl




1 ) 2) 13lal


FR Y-6



3)(b) (3lcl


(4)(a) (4)(b) 4Hcl



None None


( 1 ) 2) (3)(a)


FR Y-6



3)(b) 3)(c)




4)a) 4)b) 4)(c)





1) 2) (3)a)


FR Y-6



3)(b) (3)(c)



4)(a) (4)(b) 4)(c)



in partnership)

1) 2) 3)(a)



FR Y-6



3)(b) 3)(c)


4)(a) (4)(b) 4Hcl



1 ) 2) (3)(a)




FR Y-6



3)(b) (3)(c)



14)(a) (4)(b) 4)(c)




1) 2) 3)(a)




department store

FR Y-6



(3)(b) 3)(c)



4)(a) 4)(b) (4)(c)




1) (2) 3)(a)




Savings Bank

FR Y-6



(3)(b) (3)(c)



4(a 4(b (4(c)




(1 ) 2) 3)(a)





FR Y-6



3)(b) 3Hcl


NA NA

NA NA

4)(a) (4)(b) 4)(c)





FR Y-6 Cover Page






Derivatives


December 3 1 2 0 1 4 a n d 2 0 1 3





Treasury Stock


Trust Assets




1 5

Income Taxes


December 3 1 2 0 1 4 and 2 0 1 3






Reclassification




1 6

N ote 3



Securities







$ 124773901 $ 3804793 $ (1001367) $ 127577326






$ 149691439 $ 2698884 $ (3595256) $ 148795067


1 7




Amortized Cost

$ 3548156 6042296

47102698 33623782 90316932


$ 124773901

Fair Value

$ 3566239 6183529

48477033 34816203 93043004

8511983 26022339

$ 127577326







December 31 2 0 1 4








Fair Value

$ $

$ $

Losses Fair Value

$ 9770400

3864421

8692030

14453346

$ 36780196

1 8


$ (229600) $ 9770400 $ (229600) (91708) 3864421 (91708)

(175139) 8692030 (175139)

(504920) 14453346 (504920)

$ (1001367) $ 36780196 $ (1001367



December 31 2013














Total loans


Net loans

1 9

2014

$ 6 104900 195300 279208

10500

$ 6589908

2014

$ 86305726 81738436 65064323

261734692 99492248

8998376 603333801

(295183) 6450169

$ 597178815

Total

Unrealized

Fair Value Losses

$ 9335250 $ (664750)

4288578 (124685)

34910709 (792234)

16026437 (2013587)

$ 64560974 $ (3595256)

2013

$ 5431100 195300 279196

10500

$ 5916096

2013

$ 73238784 77515797 49210426

184444404 78159900

7223712 469793023

(385757) 5623786

$ 464554994


D ecember 3 1 2 0 1 4 and 2 0 1 3


2014







Recoveries 25000 150758 7904 1299 20847 205808


Ending balance


impainnent $ 8935 s 1 723 s 408336 $ 731291 $ 120822 $ 3376 $ 1 274483

Ending balance


impairment s 1000167 $ 176364 $ 7 1 1 664 $ 2861852 $ 205974 s 2 19665 s 5175686

Loans


Ending balance



Ending balance


impainnent $ 86246 156 $ 81726947 s 62431367 $ 255656591 s 98461109 $ 8975860 s 593498030

20




Losses charged off

Recoveries

Balance end of year

Ending balance


impairment

Ending balance


impairment

Loans


December 3 1 201 4 and 2 0 1 3

2013



s 655667 s 88374 $ 21 80440 s 171 6530 s 458970

1 14395 65307 (49380) 292400 3 1 1 677

(131929) (58631) (134797)

30267 41

$ 770062 s 153681 $ 2029398 $ 1950299 $ 635891

s s 38608 $ 1052013 $ 314645 s 292836

s 770062 $ J 1 5073 s 977385 s 1635654 s 343055

Consumer

and Other Total

$ 77630 $ 51776 1 1

41 703 776102

(58574) (38393 1)

23696 54004

s 84455 $ 5623786

s s 1 698102

$ 84455 $ 3925684


Ending balance



Ending balance


impairment s 73238784 s 77358689 $ 42272537 $ 182842999 $ 76846684 s 72237 1 2 s 459783405





21


December 3 1 20 1 4 and 2 0 1 3










22


December 3 1 20 1 4 and 201 3







23


Decem ber 3 1 2 0 1 4 and 2 0 1 3








Agricultural

$ 86246156

59570

$ 86305726

Agricultural

Real Estate

$ 81 726947

1 1 489

$ 81 738436

24

2014

Commercia l

$ 60466766 1 964601 2606288

26668

$ 65064323

Consumer

Real Estate

$ 98331305 1 1 60943

$ 99492248

Commercial

Real Estate Total

$ 248979 648 $47741 9517 6676943 8641544 6078101 8755448

26668

$ 261734692 $494843 177

Consumer

and Other Total

$ 8974157 $ 107305462 24219 1 1 85162

$ 8998376 $ 1 08490624

_ I

Agricultural







$ 73198803 $ 77508288 $ 41 961660 $ 178656731 137045 1 768952

39981 7509 2787500 259568 4324221 3759153

$ 73238784 $ 77515797 $ 49210426 $ 184444404

Consumer Consumer


$ 76078839 $ 7190047 2081061 33665

$ 78159900 $ 72237 12

Total

$371325482 1905997 3094558 8083374

$384409411

Total

$ 83268886 2 1 14726

$ 85383612




201 4

Total Loans gt 90


$ $ $ $ $ $ 86305726 $ 86305726


Commercial 1 14872 215674 209419 114717 654682 64409641 65064323




Total $ 1974017 $ 1225836 $ 289068 $ 1268850 $ 4757771 $ 598576030 $ 603333801

25

Agricultural


December 3 1 2 0 1 4 and 201 3

2013

Total Loans gt 90


$ $ $ $ $


$ 73238784 $ 73238784


Commercial 280097 204740 181053 560438 1226328 47984098 49210426




Total $ 2392083 $ 533251 $ 956619 $ 1458277 $ 5340230 $ 464452 793 $ 469793023



2 6


December 3 1 2 0 1 4 and 2 0 1 3

2014

Average

Unpaid Investment




Agricultural 59570 59570 8935 57 1 16


Commercial 2632956 2712541 408336 767738






2013

Average

Unpaid Investment




allovance

Commercial $ 40000 $ 70162 $ $ 70427





Commercial 6897889 6980003 1 052013 5629646





Total


Commercial 6937889 7050165 1052013 5700073




Interest

Income

Recognized

2558

747

32385

333654

40067

1863

4 1 1 274

Interest

Income

Recognized

$ 7747

$ 7747

321474

60279

58591

440344

329221

60279

58591

$ 448091


27

Interest

Income

Cash

Basis

4746

1515

39332

344178

5 1 977

2848

444596

Interest

Income

Cash

Basis

$ 2415

$ 2415

7337

10657

256840

60577

3354 1 1

7337

13072

256840

60577

$ 337826


December 3 1 20 1 4 and 2 0 1 3







N umber of TD Rs

1

4

6

N u m ber of TD Rs

1

2



$ 17664 $ 17664 $ 25368 $ 25368

1293527 1293527

$ 1336559 $ 1336559



$ 121968 $ 121 968

731 1 5 73 1 15

$ 195083 $ 1 95083


28

N ote 5


D ecember 3 1 2 0 1 4 and 2 0 1 3



2014





2013

$ 2648835 13644840 1 7594719

33888394 18138560

$ 15 749834


Fair Value Hedges



29


Decem ber 3 1 2 0 1 4 and 2 0 1 3







Fa i r Value Hedges

Interest rate swap

Cash Flow Hedges






(18196) $ 27550



30







$ 15000000 $ (355929)

2013




$ 15000000 $ 488578

N ote 7 G oodwill



Goodvill 19791321 1 976$321



3 1

I

N ote 8


Decem ber 3 1 2 0 1 4 and 201 3




2015 $ 14483083 1 2016 32838389 2017 3674206 2018 2441 696 2019 3261275 Thereafter 4433000

$ 191479397



32


December 3 1 2 0 1 4 and 2 0 1 3







Weighted

Average

Interest

Rate at Year End

NIA 044 217 217 275 1 60 1 37

2014

Balance Due

$ 52355406

3 63195 371155

10379290 5387603

25539635

94396284

(2921424)

$ 91474860

2013

Weighted

Average

Interest


040 $ 3 0347783 066 15355406 2 17 3 63 195 217 371155 277 1 0379290 1 60 5387603 1 41 25539634

87744066

(3403844)

$ 84340222



33


D ecember 3 1 2 0 1 4 and 2 0 1 3



2 0 1 4 2013


Net of Tax Amount $ 1556862 $ (255687)





2014

$ 637085 (237633)

$ 399452



$ (4853)

34


December 3 1 2 0 1 4 and 2 0 1 3



2014






$ 5000000

2 0 1 3

$ 1 385417

522002

490059

$ 2397478


35


December 3 1 2 0 1 4 and 20 1 3





201 4 20 1 3




36


D ecember 3 1 2 0 1 4 and 201 3


2 0 1 4 201 3








20 1 4 201 3

Deferred tax assets



Other 161 216 121098



4 126343 3822039





Goodvvill 3127366 2823561



5649484 4424406


37


December 3 1 2 0 1 4 and 2 0 1 3





38


December 3 1 2 0 1 4 and 2 0 1 3


















39


December 3 1 2 0 1 4 a n d 20 1 3











40


D ecember 3 1 20 1 4 a n d 201 3








4 1


December 3 1 2 0 1 4 a n d 2 0 1 3


Allocated shares



Ending ESOP shares


2014

2575

75

759

3409

3098238

20 1 3

2648

56

473

3 177

$ 1 8 1 1 590







42


December 3 1 2 0 1 4 and 2 0 1 3









Fair Value

$ 24578999

85 1 1 983

26022339 68464005

(53 125 1)

Fair Value

$ 25804500

941871 1

40582910 72988946

488578 (599974)

$

$


Quoted

Prices in

Active Significant



$ 24578999 $

851 1983

26022339 68464005

(53 1251)


Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

43

Significant

Other

Observable

Inputs (Level 2)

$ 25804500

94187 1 1

40582910 72988946

488578 (599974)

$

Sign ificant

Unobservable

I n puts (Level 3)


December 3 1 2 0 1 4 a n d 2 0 1 3








Fair Valu e



Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

44

$

Significant

Other

Observable I nputs

(Level 2)

2013

$

Significant


Level 3)

8561288


December 3 1 2 0 1 4 and 201 3


Fair Value


Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

$

Significant

Other

Observable

I nputs (Level 2)

$

Significant

U nobservable

Inputs (Level 3)

83 1 1516





45


December 3 1 2 0 1 4 and 2 0 1 3














Loans Held For Sale


46

Loans


D ecember 3 1 2 0 1 4 a n d 2 0 1 3




Deposits









4 7


December 3 1 2 0 1 4 and 20 1 3



General Litigation









48

Lines of Credit


December 3 1 2 0 1 4 a n d 2 0 1 3








49


100



100





I

100



Reinbeck IA 1H 1 if



























FR Y-6













Inc 1 553 of common


1) 2) (3)(a)



FR Y-6



3)(b) 3)(c)



4Hal (4)(b) (4)(cl




1 ) 2) 13lal


FR Y-6



3)(b) (3lcl


(4)(a) (4)(b) 4Hcl



None None


( 1 ) 2) (3)(a)


FR Y-6



3)(b) 3)(c)




4)a) 4)b) 4)(c)





1) 2) (3)a)


FR Y-6



3)(b) (3)(c)



4)(a) (4)(b) 4)(c)



in partnership)

1) 2) 3)(a)



FR Y-6



3)(b) 3)(c)


4)(a) (4)(b) 4Hcl



1 ) 2) (3)(a)




FR Y-6



3)(b) (3)(c)



14)(a) (4)(b) 4)(c)




1) 2) 3)(a)




department store

FR Y-6



(3)(b) 3)(c)



4)(a) 4)(b) (4)(c)




1) (2) 3)(a)




Savings Bank

FR Y-6



(3)(b) (3)(c)



4(a 4(b (4(c)




(1 ) 2) 3)(a)





FR Y-6



3)(b) 3Hcl


NA NA

NA NA

4)(a) (4)(b) 4)(c)





FR Y-6 Cover Page






Income Taxes


December 3 1 2 0 1 4 and 2 0 1 3






Reclassification




1 6

N ote 3



Securities







$ 124773901 $ 3804793 $ (1001367) $ 127577326






$ 149691439 $ 2698884 $ (3595256) $ 148795067


1 7




Amortized Cost

$ 3548156 6042296

47102698 33623782 90316932


$ 124773901

Fair Value

$ 3566239 6183529

48477033 34816203 93043004

8511983 26022339

$ 127577326







December 31 2 0 1 4








Fair Value

$ $

$ $

Losses Fair Value

$ 9770400

3864421

8692030

14453346

$ 36780196

1 8


$ (229600) $ 9770400 $ (229600) (91708) 3864421 (91708)

(175139) 8692030 (175139)

(504920) 14453346 (504920)

$ (1001367) $ 36780196 $ (1001367



December 31 2013














Total loans


Net loans

1 9

2014

$ 6 104900 195300 279208

10500

$ 6589908

2014

$ 86305726 81738436 65064323

261734692 99492248

8998376 603333801

(295183) 6450169

$ 597178815

Total

Unrealized

Fair Value Losses

$ 9335250 $ (664750)

4288578 (124685)

34910709 (792234)

16026437 (2013587)

$ 64560974 $ (3595256)

2013

$ 5431100 195300 279196

10500

$ 5916096

2013

$ 73238784 77515797 49210426

184444404 78159900

7223712 469793023

(385757) 5623786

$ 464554994


D ecember 3 1 2 0 1 4 and 2 0 1 3


2014







Recoveries 25000 150758 7904 1299 20847 205808


Ending balance


impainnent $ 8935 s 1 723 s 408336 $ 731291 $ 120822 $ 3376 $ 1 274483

Ending balance


impairment s 1000167 $ 176364 $ 7 1 1 664 $ 2861852 $ 205974 s 2 19665 s 5175686

Loans


Ending balance



Ending balance


impainnent $ 86246 156 $ 81726947 s 62431367 $ 255656591 s 98461109 $ 8975860 s 593498030

20




Losses charged off

Recoveries

Balance end of year

Ending balance


impairment

Ending balance


impairment

Loans


December 3 1 201 4 and 2 0 1 3

2013



s 655667 s 88374 $ 21 80440 s 171 6530 s 458970

1 14395 65307 (49380) 292400 3 1 1 677

(131929) (58631) (134797)

30267 41

$ 770062 s 153681 $ 2029398 $ 1950299 $ 635891

s s 38608 $ 1052013 $ 314645 s 292836

s 770062 $ J 1 5073 s 977385 s 1635654 s 343055

Consumer

and Other Total

$ 77630 $ 51776 1 1

41 703 776102

(58574) (38393 1)

23696 54004

s 84455 $ 5623786

s s 1 698102

$ 84455 $ 3925684


Ending balance



Ending balance


impairment s 73238784 s 77358689 $ 42272537 $ 182842999 $ 76846684 s 72237 1 2 s 459783405





21


December 3 1 20 1 4 and 2 0 1 3










22


December 3 1 20 1 4 and 201 3







23


Decem ber 3 1 2 0 1 4 and 2 0 1 3








Agricultural

$ 86246156

59570

$ 86305726

Agricultural

Real Estate

$ 81 726947

1 1 489

$ 81 738436

24

2014

Commercia l

$ 60466766 1 964601 2606288

26668

$ 65064323

Consumer

Real Estate

$ 98331305 1 1 60943

$ 99492248

Commercial

Real Estate Total

$ 248979 648 $47741 9517 6676943 8641544 6078101 8755448

26668

$ 261734692 $494843 177

Consumer

and Other Total

$ 8974157 $ 107305462 24219 1 1 85162

$ 8998376 $ 1 08490624

_ I

Agricultural







$ 73198803 $ 77508288 $ 41 961660 $ 178656731 137045 1 768952

39981 7509 2787500 259568 4324221 3759153

$ 73238784 $ 77515797 $ 49210426 $ 184444404

Consumer Consumer


$ 76078839 $ 7190047 2081061 33665

$ 78159900 $ 72237 12

Total

$371325482 1905997 3094558 8083374

$384409411

Total

$ 83268886 2 1 14726

$ 85383612




201 4

Total Loans gt 90


$ $ $ $ $ $ 86305726 $ 86305726


Commercial 1 14872 215674 209419 114717 654682 64409641 65064323




Total $ 1974017 $ 1225836 $ 289068 $ 1268850 $ 4757771 $ 598576030 $ 603333801

25

Agricultural


December 3 1 2 0 1 4 and 201 3

2013

Total Loans gt 90


$ $ $ $ $


$ 73238784 $ 73238784


Commercial 280097 204740 181053 560438 1226328 47984098 49210426




Total $ 2392083 $ 533251 $ 956619 $ 1458277 $ 5340230 $ 464452 793 $ 469793023



2 6


December 3 1 2 0 1 4 and 2 0 1 3

2014

Average

Unpaid Investment




Agricultural 59570 59570 8935 57 1 16


Commercial 2632956 2712541 408336 767738






2013

Average

Unpaid Investment




allovance

Commercial $ 40000 $ 70162 $ $ 70427





Commercial 6897889 6980003 1 052013 5629646





Total


Commercial 6937889 7050165 1052013 5700073




Interest

Income

Recognized

2558

747

32385

333654

40067

1863

4 1 1 274

Interest

Income

Recognized

$ 7747

$ 7747

321474

60279

58591

440344

329221

60279

58591

$ 448091


27

Interest

Income

Cash

Basis

4746

1515

39332

344178

5 1 977

2848

444596

Interest

Income

Cash

Basis

$ 2415

$ 2415

7337

10657

256840

60577

3354 1 1

7337

13072

256840

60577

$ 337826


December 3 1 20 1 4 and 2 0 1 3







N umber of TD Rs

1

4

6

N u m ber of TD Rs

1

2



$ 17664 $ 17664 $ 25368 $ 25368

1293527 1293527

$ 1336559 $ 1336559



$ 121968 $ 121 968

731 1 5 73 1 15

$ 195083 $ 1 95083


28

N ote 5


D ecember 3 1 2 0 1 4 and 2 0 1 3



2014





2013

$ 2648835 13644840 1 7594719

33888394 18138560

$ 15 749834


Fair Value Hedges



29


Decem ber 3 1 2 0 1 4 and 2 0 1 3







Fa i r Value Hedges

Interest rate swap

Cash Flow Hedges






(18196) $ 27550



30







$ 15000000 $ (355929)

2013




$ 15000000 $ 488578

N ote 7 G oodwill



Goodvill 19791321 1 976$321



3 1

I

N ote 8


Decem ber 3 1 2 0 1 4 and 201 3




2015 $ 14483083 1 2016 32838389 2017 3674206 2018 2441 696 2019 3261275 Thereafter 4433000

$ 191479397



32


December 3 1 2 0 1 4 and 2 0 1 3







Weighted

Average

Interest

Rate at Year End

NIA 044 217 217 275 1 60 1 37

2014

Balance Due

$ 52355406

3 63195 371155

10379290 5387603

25539635

94396284

(2921424)

$ 91474860

2013

Weighted

Average

Interest


040 $ 3 0347783 066 15355406 2 17 3 63 195 217 371155 277 1 0379290 1 60 5387603 1 41 25539634

87744066

(3403844)

$ 84340222



33


D ecember 3 1 2 0 1 4 and 2 0 1 3



2 0 1 4 2013


Net of Tax Amount $ 1556862 $ (255687)





2014

$ 637085 (237633)

$ 399452



$ (4853)

34


December 3 1 2 0 1 4 and 2 0 1 3



2014






$ 5000000

2 0 1 3

$ 1 385417

522002

490059

$ 2397478


35


December 3 1 2 0 1 4 and 20 1 3





201 4 20 1 3




36


D ecember 3 1 2 0 1 4 and 201 3


2 0 1 4 201 3








20 1 4 201 3

Deferred tax assets



Other 161 216 121098



4 126343 3822039





Goodvvill 3127366 2823561



5649484 4424406


37


December 3 1 2 0 1 4 and 2 0 1 3





38


December 3 1 2 0 1 4 and 2 0 1 3


















39


December 3 1 2 0 1 4 a n d 20 1 3











40


D ecember 3 1 20 1 4 a n d 201 3








4 1


December 3 1 2 0 1 4 a n d 2 0 1 3


Allocated shares



Ending ESOP shares


2014

2575

75

759

3409

3098238

20 1 3

2648

56

473

3 177

$ 1 8 1 1 590







42


December 3 1 2 0 1 4 and 2 0 1 3









Fair Value

$ 24578999

85 1 1 983

26022339 68464005

(53 125 1)

Fair Value

$ 25804500

941871 1

40582910 72988946

488578 (599974)

$

$


Quoted

Prices in

Active Significant



$ 24578999 $

851 1983

26022339 68464005

(53 1251)


Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

43

Significant

Other

Observable

Inputs (Level 2)

$ 25804500

94187 1 1

40582910 72988946

488578 (599974)

$

Sign ificant

Unobservable

I n puts (Level 3)


December 3 1 2 0 1 4 a n d 2 0 1 3








Fair Valu e



Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

44

$

Significant

Other

Observable I nputs

(Level 2)

2013

$

Significant


Level 3)

8561288


December 3 1 2 0 1 4 and 201 3


Fair Value


Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

$

Significant

Other

Observable

I nputs (Level 2)

$

Significant

U nobservable

Inputs (Level 3)

83 1 1516





45


December 3 1 2 0 1 4 and 2 0 1 3














Loans Held For Sale


46

Loans


D ecember 3 1 2 0 1 4 a n d 2 0 1 3




Deposits









4 7


December 3 1 2 0 1 4 and 20 1 3



General Litigation









48

Lines of Credit


December 3 1 2 0 1 4 a n d 2 0 1 3








49


100



100





I

100



Reinbeck IA 1H 1 if



























FR Y-6













Inc 1 553 of common


1) 2) (3)(a)



FR Y-6



3)(b) 3)(c)



4Hal (4)(b) (4)(cl




1 ) 2) 13lal


FR Y-6



3)(b) (3lcl


(4)(a) (4)(b) 4Hcl



None None


( 1 ) 2) (3)(a)


FR Y-6



3)(b) 3)(c)




4)a) 4)b) 4)(c)





1) 2) (3)a)


FR Y-6



3)(b) (3)(c)



4)(a) (4)(b) 4)(c)



in partnership)

1) 2) 3)(a)



FR Y-6



3)(b) 3)(c)


4)(a) (4)(b) 4Hcl



1 ) 2) (3)(a)




FR Y-6



3)(b) (3)(c)



14)(a) (4)(b) 4)(c)




1) 2) 3)(a)




department store

FR Y-6



(3)(b) 3)(c)



4)(a) 4)(b) (4)(c)




1) (2) 3)(a)




Savings Bank

FR Y-6



(3)(b) (3)(c)



4(a 4(b (4(c)




(1 ) 2) 3)(a)





FR Y-6



3)(b) 3Hcl


NA NA

NA NA

4)(a) (4)(b) 4)(c)





FR Y-6 Cover Page






N ote 3



Securities







$ 124773901 $ 3804793 $ (1001367) $ 127577326






$ 149691439 $ 2698884 $ (3595256) $ 148795067


1 7




Amortized Cost

$ 3548156 6042296

47102698 33623782 90316932


$ 124773901

Fair Value

$ 3566239 6183529

48477033 34816203 93043004

8511983 26022339

$ 127577326







December 31 2 0 1 4








Fair Value

$ $

$ $

Losses Fair Value

$ 9770400

3864421

8692030

14453346

$ 36780196

1 8


$ (229600) $ 9770400 $ (229600) (91708) 3864421 (91708)

(175139) 8692030 (175139)

(504920) 14453346 (504920)

$ (1001367) $ 36780196 $ (1001367



December 31 2013














Total loans


Net loans

1 9

2014

$ 6 104900 195300 279208

10500

$ 6589908

2014

$ 86305726 81738436 65064323

261734692 99492248

8998376 603333801

(295183) 6450169

$ 597178815

Total

Unrealized

Fair Value Losses

$ 9335250 $ (664750)

4288578 (124685)

34910709 (792234)

16026437 (2013587)

$ 64560974 $ (3595256)

2013

$ 5431100 195300 279196

10500

$ 5916096

2013

$ 73238784 77515797 49210426

184444404 78159900

7223712 469793023

(385757) 5623786

$ 464554994


D ecember 3 1 2 0 1 4 and 2 0 1 3


2014







Recoveries 25000 150758 7904 1299 20847 205808


Ending balance


impainnent $ 8935 s 1 723 s 408336 $ 731291 $ 120822 $ 3376 $ 1 274483

Ending balance


impairment s 1000167 $ 176364 $ 7 1 1 664 $ 2861852 $ 205974 s 2 19665 s 5175686

Loans


Ending balance



Ending balance


impainnent $ 86246 156 $ 81726947 s 62431367 $ 255656591 s 98461109 $ 8975860 s 593498030

20




Losses charged off

Recoveries

Balance end of year

Ending balance


impairment

Ending balance


impairment

Loans


December 3 1 201 4 and 2 0 1 3

2013



s 655667 s 88374 $ 21 80440 s 171 6530 s 458970

1 14395 65307 (49380) 292400 3 1 1 677

(131929) (58631) (134797)

30267 41

$ 770062 s 153681 $ 2029398 $ 1950299 $ 635891

s s 38608 $ 1052013 $ 314645 s 292836

s 770062 $ J 1 5073 s 977385 s 1635654 s 343055

Consumer

and Other Total

$ 77630 $ 51776 1 1

41 703 776102

(58574) (38393 1)

23696 54004

s 84455 $ 5623786

s s 1 698102

$ 84455 $ 3925684


Ending balance



Ending balance


impairment s 73238784 s 77358689 $ 42272537 $ 182842999 $ 76846684 s 72237 1 2 s 459783405





21


December 3 1 20 1 4 and 2 0 1 3










22


December 3 1 20 1 4 and 201 3







23


Decem ber 3 1 2 0 1 4 and 2 0 1 3








Agricultural

$ 86246156

59570

$ 86305726

Agricultural

Real Estate

$ 81 726947

1 1 489

$ 81 738436

24

2014

Commercia l

$ 60466766 1 964601 2606288

26668

$ 65064323

Consumer

Real Estate

$ 98331305 1 1 60943

$ 99492248

Commercial

Real Estate Total

$ 248979 648 $47741 9517 6676943 8641544 6078101 8755448

26668

$ 261734692 $494843 177

Consumer

and Other Total

$ 8974157 $ 107305462 24219 1 1 85162

$ 8998376 $ 1 08490624

_ I

Agricultural







$ 73198803 $ 77508288 $ 41 961660 $ 178656731 137045 1 768952

39981 7509 2787500 259568 4324221 3759153

$ 73238784 $ 77515797 $ 49210426 $ 184444404

Consumer Consumer


$ 76078839 $ 7190047 2081061 33665

$ 78159900 $ 72237 12

Total

$371325482 1905997 3094558 8083374

$384409411

Total

$ 83268886 2 1 14726

$ 85383612




201 4

Total Loans gt 90


$ $ $ $ $ $ 86305726 $ 86305726


Commercial 1 14872 215674 209419 114717 654682 64409641 65064323




Total $ 1974017 $ 1225836 $ 289068 $ 1268850 $ 4757771 $ 598576030 $ 603333801

25

Agricultural


December 3 1 2 0 1 4 and 201 3

2013

Total Loans gt 90


$ $ $ $ $


$ 73238784 $ 73238784


Commercial 280097 204740 181053 560438 1226328 47984098 49210426




Total $ 2392083 $ 533251 $ 956619 $ 1458277 $ 5340230 $ 464452 793 $ 469793023



2 6


December 3 1 2 0 1 4 and 2 0 1 3

2014

Average

Unpaid Investment




Agricultural 59570 59570 8935 57 1 16


Commercial 2632956 2712541 408336 767738






2013

Average

Unpaid Investment




allovance

Commercial $ 40000 $ 70162 $ $ 70427





Commercial 6897889 6980003 1 052013 5629646





Total


Commercial 6937889 7050165 1052013 5700073




Interest

Income

Recognized

2558

747

32385

333654

40067

1863

4 1 1 274

Interest

Income

Recognized

$ 7747

$ 7747

321474

60279

58591

440344

329221

60279

58591

$ 448091


27

Interest

Income

Cash

Basis

4746

1515

39332

344178

5 1 977

2848

444596

Interest

Income

Cash

Basis

$ 2415

$ 2415

7337

10657

256840

60577

3354 1 1

7337

13072

256840

60577

$ 337826


December 3 1 20 1 4 and 2 0 1 3







N umber of TD Rs

1

4

6

N u m ber of TD Rs

1

2



$ 17664 $ 17664 $ 25368 $ 25368

1293527 1293527

$ 1336559 $ 1336559



$ 121968 $ 121 968

731 1 5 73 1 15

$ 195083 $ 1 95083


28

N ote 5


D ecember 3 1 2 0 1 4 and 2 0 1 3



2014





2013

$ 2648835 13644840 1 7594719

33888394 18138560

$ 15 749834


Fair Value Hedges



29


Decem ber 3 1 2 0 1 4 and 2 0 1 3







Fa i r Value Hedges

Interest rate swap

Cash Flow Hedges






(18196) $ 27550



30







$ 15000000 $ (355929)

2013




$ 15000000 $ 488578

N ote 7 G oodwill



Goodvill 19791321 1 976$321



3 1

I

N ote 8


Decem ber 3 1 2 0 1 4 and 201 3




2015 $ 14483083 1 2016 32838389 2017 3674206 2018 2441 696 2019 3261275 Thereafter 4433000

$ 191479397



32


December 3 1 2 0 1 4 and 2 0 1 3







Weighted

Average

Interest

Rate at Year End

NIA 044 217 217 275 1 60 1 37

2014

Balance Due

$ 52355406

3 63195 371155

10379290 5387603

25539635

94396284

(2921424)

$ 91474860

2013

Weighted

Average

Interest


040 $ 3 0347783 066 15355406 2 17 3 63 195 217 371155 277 1 0379290 1 60 5387603 1 41 25539634

87744066

(3403844)

$ 84340222



33


D ecember 3 1 2 0 1 4 and 2 0 1 3



2 0 1 4 2013


Net of Tax Amount $ 1556862 $ (255687)





2014

$ 637085 (237633)

$ 399452



$ (4853)

34


December 3 1 2 0 1 4 and 2 0 1 3



2014






$ 5000000

2 0 1 3

$ 1 385417

522002

490059

$ 2397478


35


December 3 1 2 0 1 4 and 20 1 3





201 4 20 1 3




36


D ecember 3 1 2 0 1 4 and 201 3


2 0 1 4 201 3








20 1 4 201 3

Deferred tax assets



Other 161 216 121098



4 126343 3822039





Goodvvill 3127366 2823561



5649484 4424406


37


December 3 1 2 0 1 4 and 2 0 1 3





38


December 3 1 2 0 1 4 and 2 0 1 3


















39


December 3 1 2 0 1 4 a n d 20 1 3











40


D ecember 3 1 20 1 4 a n d 201 3








4 1


December 3 1 2 0 1 4 a n d 2 0 1 3


Allocated shares



Ending ESOP shares


2014

2575

75

759

3409

3098238

20 1 3

2648

56

473

3 177

$ 1 8 1 1 590







42


December 3 1 2 0 1 4 and 2 0 1 3









Fair Value

$ 24578999

85 1 1 983

26022339 68464005

(53 125 1)

Fair Value

$ 25804500

941871 1

40582910 72988946

488578 (599974)

$

$


Quoted

Prices in

Active Significant



$ 24578999 $

851 1983

26022339 68464005

(53 1251)


Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

43

Significant

Other

Observable

Inputs (Level 2)

$ 25804500

94187 1 1

40582910 72988946

488578 (599974)

$

Sign ificant

Unobservable

I n puts (Level 3)


December 3 1 2 0 1 4 a n d 2 0 1 3








Fair Valu e



Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

44

$

Significant

Other

Observable I nputs

(Level 2)

2013

$

Significant


Level 3)

8561288


December 3 1 2 0 1 4 and 201 3


Fair Value


Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

$

Significant

Other

Observable

I nputs (Level 2)

$

Significant

U nobservable

Inputs (Level 3)

83 1 1516





45


December 3 1 2 0 1 4 and 2 0 1 3














Loans Held For Sale


46

Loans


D ecember 3 1 2 0 1 4 a n d 2 0 1 3




Deposits









4 7


December 3 1 2 0 1 4 and 20 1 3



General Litigation









48

Lines of Credit


December 3 1 2 0 1 4 a n d 2 0 1 3








49


100



100





I

100



Reinbeck IA 1H 1 if



























FR Y-6













Inc 1 553 of common


1) 2) (3)(a)



FR Y-6



3)(b) 3)(c)



4Hal (4)(b) (4)(cl




1 ) 2) 13lal


FR Y-6



3)(b) (3lcl


(4)(a) (4)(b) 4Hcl



None None


( 1 ) 2) (3)(a)


FR Y-6



3)(b) 3)(c)




4)a) 4)b) 4)(c)





1) 2) (3)a)


FR Y-6



3)(b) (3)(c)



4)(a) (4)(b) 4)(c)



in partnership)

1) 2) 3)(a)



FR Y-6



3)(b) 3)(c)


4)(a) (4)(b) 4Hcl



1 ) 2) (3)(a)




FR Y-6



3)(b) (3)(c)



14)(a) (4)(b) 4)(c)




1) 2) 3)(a)




department store

FR Y-6



(3)(b) 3)(c)



4)(a) 4)(b) (4)(c)




1) (2) 3)(a)




Savings Bank

FR Y-6



(3)(b) (3)(c)



4(a 4(b (4(c)




(1 ) 2) 3)(a)





FR Y-6



3)(b) 3Hcl


NA NA

NA NA

4)(a) (4)(b) 4)(c)





FR Y-6 Cover Page









Amortized Cost

$ 3548156 6042296

47102698 33623782 90316932


$ 124773901

Fair Value

$ 3566239 6183529

48477033 34816203 93043004

8511983 26022339

$ 127577326







December 31 2 0 1 4








Fair Value

$ $

$ $

Losses Fair Value

$ 9770400

3864421

8692030

14453346

$ 36780196

1 8


$ (229600) $ 9770400 $ (229600) (91708) 3864421 (91708)

(175139) 8692030 (175139)

(504920) 14453346 (504920)

$ (1001367) $ 36780196 $ (1001367



December 31 2013














Total loans


Net loans

1 9

2014

$ 6 104900 195300 279208

10500

$ 6589908

2014

$ 86305726 81738436 65064323

261734692 99492248

8998376 603333801

(295183) 6450169

$ 597178815

Total

Unrealized

Fair Value Losses

$ 9335250 $ (664750)

4288578 (124685)

34910709 (792234)

16026437 (2013587)

$ 64560974 $ (3595256)

2013

$ 5431100 195300 279196

10500

$ 5916096

2013

$ 73238784 77515797 49210426

184444404 78159900

7223712 469793023

(385757) 5623786

$ 464554994


D ecember 3 1 2 0 1 4 and 2 0 1 3


2014







Recoveries 25000 150758 7904 1299 20847 205808


Ending balance


impainnent $ 8935 s 1 723 s 408336 $ 731291 $ 120822 $ 3376 $ 1 274483

Ending balance


impairment s 1000167 $ 176364 $ 7 1 1 664 $ 2861852 $ 205974 s 2 19665 s 5175686

Loans


Ending balance



Ending balance


impainnent $ 86246 156 $ 81726947 s 62431367 $ 255656591 s 98461109 $ 8975860 s 593498030

20




Losses charged off

Recoveries

Balance end of year

Ending balance


impairment

Ending balance


impairment

Loans


December 3 1 201 4 and 2 0 1 3

2013



s 655667 s 88374 $ 21 80440 s 171 6530 s 458970

1 14395 65307 (49380) 292400 3 1 1 677

(131929) (58631) (134797)

30267 41

$ 770062 s 153681 $ 2029398 $ 1950299 $ 635891

s s 38608 $ 1052013 $ 314645 s 292836

s 770062 $ J 1 5073 s 977385 s 1635654 s 343055

Consumer

and Other Total

$ 77630 $ 51776 1 1

41 703 776102

(58574) (38393 1)

23696 54004

s 84455 $ 5623786

s s 1 698102

$ 84455 $ 3925684


Ending balance



Ending balance


impairment s 73238784 s 77358689 $ 42272537 $ 182842999 $ 76846684 s 72237 1 2 s 459783405





21


December 3 1 20 1 4 and 2 0 1 3










22


December 3 1 20 1 4 and 201 3







23


Decem ber 3 1 2 0 1 4 and 2 0 1 3








Agricultural

$ 86246156

59570

$ 86305726

Agricultural

Real Estate

$ 81 726947

1 1 489

$ 81 738436

24

2014

Commercia l

$ 60466766 1 964601 2606288

26668

$ 65064323

Consumer

Real Estate

$ 98331305 1 1 60943

$ 99492248

Commercial

Real Estate Total

$ 248979 648 $47741 9517 6676943 8641544 6078101 8755448

26668

$ 261734692 $494843 177

Consumer

and Other Total

$ 8974157 $ 107305462 24219 1 1 85162

$ 8998376 $ 1 08490624

_ I

Agricultural







$ 73198803 $ 77508288 $ 41 961660 $ 178656731 137045 1 768952

39981 7509 2787500 259568 4324221 3759153

$ 73238784 $ 77515797 $ 49210426 $ 184444404

Consumer Consumer


$ 76078839 $ 7190047 2081061 33665

$ 78159900 $ 72237 12

Total

$371325482 1905997 3094558 8083374

$384409411

Total

$ 83268886 2 1 14726

$ 85383612




201 4

Total Loans gt 90


$ $ $ $ $ $ 86305726 $ 86305726


Commercial 1 14872 215674 209419 114717 654682 64409641 65064323




Total $ 1974017 $ 1225836 $ 289068 $ 1268850 $ 4757771 $ 598576030 $ 603333801

25

Agricultural


December 3 1 2 0 1 4 and 201 3

2013

Total Loans gt 90


$ $ $ $ $


$ 73238784 $ 73238784


Commercial 280097 204740 181053 560438 1226328 47984098 49210426




Total $ 2392083 $ 533251 $ 956619 $ 1458277 $ 5340230 $ 464452 793 $ 469793023



2 6


December 3 1 2 0 1 4 and 2 0 1 3

2014

Average

Unpaid Investment




Agricultural 59570 59570 8935 57 1 16


Commercial 2632956 2712541 408336 767738






2013

Average

Unpaid Investment




allovance

Commercial $ 40000 $ 70162 $ $ 70427





Commercial 6897889 6980003 1 052013 5629646





Total


Commercial 6937889 7050165 1052013 5700073




Interest

Income

Recognized

2558

747

32385

333654

40067

1863

4 1 1 274

Interest

Income

Recognized

$ 7747

$ 7747

321474

60279

58591

440344

329221

60279

58591

$ 448091


27

Interest

Income

Cash

Basis

4746

1515

39332

344178

5 1 977

2848

444596

Interest

Income

Cash

Basis

$ 2415

$ 2415

7337

10657

256840

60577

3354 1 1

7337

13072

256840

60577

$ 337826


December 3 1 20 1 4 and 2 0 1 3







N umber of TD Rs

1

4

6

N u m ber of TD Rs

1

2



$ 17664 $ 17664 $ 25368 $ 25368

1293527 1293527

$ 1336559 $ 1336559



$ 121968 $ 121 968

731 1 5 73 1 15

$ 195083 $ 1 95083


28

N ote 5


D ecember 3 1 2 0 1 4 and 2 0 1 3



2014





2013

$ 2648835 13644840 1 7594719

33888394 18138560

$ 15 749834


Fair Value Hedges



29


Decem ber 3 1 2 0 1 4 and 2 0 1 3







Fa i r Value Hedges

Interest rate swap

Cash Flow Hedges






(18196) $ 27550



30







$ 15000000 $ (355929)

2013




$ 15000000 $ 488578

N ote 7 G oodwill



Goodvill 19791321 1 976$321



3 1

I

N ote 8


Decem ber 3 1 2 0 1 4 and 201 3




2015 $ 14483083 1 2016 32838389 2017 3674206 2018 2441 696 2019 3261275 Thereafter 4433000

$ 191479397



32


December 3 1 2 0 1 4 and 2 0 1 3







Weighted

Average

Interest

Rate at Year End

NIA 044 217 217 275 1 60 1 37

2014

Balance Due

$ 52355406

3 63195 371155

10379290 5387603

25539635

94396284

(2921424)

$ 91474860

2013

Weighted

Average

Interest


040 $ 3 0347783 066 15355406 2 17 3 63 195 217 371155 277 1 0379290 1 60 5387603 1 41 25539634

87744066

(3403844)

$ 84340222



33


D ecember 3 1 2 0 1 4 and 2 0 1 3



2 0 1 4 2013


Net of Tax Amount $ 1556862 $ (255687)





2014

$ 637085 (237633)

$ 399452



$ (4853)

34


December 3 1 2 0 1 4 and 2 0 1 3



2014






$ 5000000

2 0 1 3

$ 1 385417

522002

490059

$ 2397478


35


December 3 1 2 0 1 4 and 20 1 3





201 4 20 1 3




36


D ecember 3 1 2 0 1 4 and 201 3


2 0 1 4 201 3








20 1 4 201 3

Deferred tax assets



Other 161 216 121098



4 126343 3822039





Goodvvill 3127366 2823561



5649484 4424406


37


December 3 1 2 0 1 4 and 2 0 1 3





38


December 3 1 2 0 1 4 and 2 0 1 3


















39


December 3 1 2 0 1 4 a n d 20 1 3











40


D ecember 3 1 20 1 4 a n d 201 3








4 1


December 3 1 2 0 1 4 a n d 2 0 1 3


Allocated shares



Ending ESOP shares


2014

2575

75

759

3409

3098238

20 1 3

2648

56

473

3 177

$ 1 8 1 1 590







42


December 3 1 2 0 1 4 and 2 0 1 3









Fair Value

$ 24578999

85 1 1 983

26022339 68464005

(53 125 1)

Fair Value

$ 25804500

941871 1

40582910 72988946

488578 (599974)

$

$


Quoted

Prices in

Active Significant



$ 24578999 $

851 1983

26022339 68464005

(53 1251)


Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

43

Significant

Other

Observable

Inputs (Level 2)

$ 25804500

94187 1 1

40582910 72988946

488578 (599974)

$

Sign ificant

Unobservable

I n puts (Level 3)


December 3 1 2 0 1 4 a n d 2 0 1 3








Fair Valu e



Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

44

$

Significant

Other

Observable I nputs

(Level 2)

2013

$

Significant


Level 3)

8561288


December 3 1 2 0 1 4 and 201 3


Fair Value


Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

$

Significant

Other

Observable

I nputs (Level 2)

$

Significant

U nobservable

Inputs (Level 3)

83 1 1516





45


December 3 1 2 0 1 4 and 2 0 1 3














Loans Held For Sale


46

Loans


D ecember 3 1 2 0 1 4 a n d 2 0 1 3




Deposits









4 7


December 3 1 2 0 1 4 and 20 1 3



General Litigation









48

Lines of Credit


December 3 1 2 0 1 4 a n d 2 0 1 3








49


100



100





I

100



Reinbeck IA 1H 1 if



























FR Y-6













Inc 1 553 of common


1) 2) (3)(a)



FR Y-6



3)(b) 3)(c)



4Hal (4)(b) (4)(cl




1 ) 2) 13lal


FR Y-6



3)(b) (3lcl


(4)(a) (4)(b) 4Hcl



None None


( 1 ) 2) (3)(a)


FR Y-6



3)(b) 3)(c)




4)a) 4)b) 4)(c)





1) 2) (3)a)


FR Y-6



3)(b) (3)(c)



4)(a) (4)(b) 4)(c)



in partnership)

1) 2) 3)(a)



FR Y-6



3)(b) 3)(c)


4)(a) (4)(b) 4Hcl



1 ) 2) (3)(a)




FR Y-6



3)(b) (3)(c)



14)(a) (4)(b) 4)(c)




1) 2) 3)(a)




department store

FR Y-6



(3)(b) 3)(c)



4)(a) 4)(b) (4)(c)




1) (2) 3)(a)




Savings Bank

FR Y-6



(3)(b) (3)(c)



4(a 4(b (4(c)




(1 ) 2) 3)(a)





FR Y-6



3)(b) 3Hcl


NA NA

NA NA

4)(a) (4)(b) 4)(c)





FR Y-6 Cover Page








December 31 2013














Total loans


Net loans

1 9

2014

$ 6 104900 195300 279208

10500

$ 6589908

2014

$ 86305726 81738436 65064323

261734692 99492248

8998376 603333801

(295183) 6450169

$ 597178815

Total

Unrealized

Fair Value Losses

$ 9335250 $ (664750)

4288578 (124685)

34910709 (792234)

16026437 (2013587)

$ 64560974 $ (3595256)

2013

$ 5431100 195300 279196

10500

$ 5916096

2013

$ 73238784 77515797 49210426

184444404 78159900

7223712 469793023

(385757) 5623786

$ 464554994


D ecember 3 1 2 0 1 4 and 2 0 1 3


2014







Recoveries 25000 150758 7904 1299 20847 205808


Ending balance


impainnent $ 8935 s 1 723 s 408336 $ 731291 $ 120822 $ 3376 $ 1 274483

Ending balance


impairment s 1000167 $ 176364 $ 7 1 1 664 $ 2861852 $ 205974 s 2 19665 s 5175686

Loans


Ending balance



Ending balance


impainnent $ 86246 156 $ 81726947 s 62431367 $ 255656591 s 98461109 $ 8975860 s 593498030

20




Losses charged off

Recoveries

Balance end of year

Ending balance


impairment

Ending balance


impairment

Loans


December 3 1 201 4 and 2 0 1 3

2013



s 655667 s 88374 $ 21 80440 s 171 6530 s 458970

1 14395 65307 (49380) 292400 3 1 1 677

(131929) (58631) (134797)

30267 41

$ 770062 s 153681 $ 2029398 $ 1950299 $ 635891

s s 38608 $ 1052013 $ 314645 s 292836

s 770062 $ J 1 5073 s 977385 s 1635654 s 343055

Consumer

and Other Total

$ 77630 $ 51776 1 1

41 703 776102

(58574) (38393 1)

23696 54004

s 84455 $ 5623786

s s 1 698102

$ 84455 $ 3925684


Ending balance



Ending balance


impairment s 73238784 s 77358689 $ 42272537 $ 182842999 $ 76846684 s 72237 1 2 s 459783405





21


December 3 1 20 1 4 and 2 0 1 3










22


December 3 1 20 1 4 and 201 3







23


Decem ber 3 1 2 0 1 4 and 2 0 1 3








Agricultural

$ 86246156

59570

$ 86305726

Agricultural

Real Estate

$ 81 726947

1 1 489

$ 81 738436

24

2014

Commercia l

$ 60466766 1 964601 2606288

26668

$ 65064323

Consumer

Real Estate

$ 98331305 1 1 60943

$ 99492248

Commercial

Real Estate Total

$ 248979 648 $47741 9517 6676943 8641544 6078101 8755448

26668

$ 261734692 $494843 177

Consumer

and Other Total

$ 8974157 $ 107305462 24219 1 1 85162

$ 8998376 $ 1 08490624

_ I

Agricultural







$ 73198803 $ 77508288 $ 41 961660 $ 178656731 137045 1 768952

39981 7509 2787500 259568 4324221 3759153

$ 73238784 $ 77515797 $ 49210426 $ 184444404

Consumer Consumer


$ 76078839 $ 7190047 2081061 33665

$ 78159900 $ 72237 12

Total

$371325482 1905997 3094558 8083374

$384409411

Total

$ 83268886 2 1 14726

$ 85383612




201 4

Total Loans gt 90


$ $ $ $ $ $ 86305726 $ 86305726


Commercial 1 14872 215674 209419 114717 654682 64409641 65064323




Total $ 1974017 $ 1225836 $ 289068 $ 1268850 $ 4757771 $ 598576030 $ 603333801

25

Agricultural


December 3 1 2 0 1 4 and 201 3

2013

Total Loans gt 90


$ $ $ $ $


$ 73238784 $ 73238784


Commercial 280097 204740 181053 560438 1226328 47984098 49210426




Total $ 2392083 $ 533251 $ 956619 $ 1458277 $ 5340230 $ 464452 793 $ 469793023



2 6


December 3 1 2 0 1 4 and 2 0 1 3

2014

Average

Unpaid Investment




Agricultural 59570 59570 8935 57 1 16


Commercial 2632956 2712541 408336 767738






2013

Average

Unpaid Investment




allovance

Commercial $ 40000 $ 70162 $ $ 70427





Commercial 6897889 6980003 1 052013 5629646





Total


Commercial 6937889 7050165 1052013 5700073




Interest

Income

Recognized

2558

747

32385

333654

40067

1863

4 1 1 274

Interest

Income

Recognized

$ 7747

$ 7747

321474

60279

58591

440344

329221

60279

58591

$ 448091


27

Interest

Income

Cash

Basis

4746

1515

39332

344178

5 1 977

2848

444596

Interest

Income

Cash

Basis

$ 2415

$ 2415

7337

10657

256840

60577

3354 1 1

7337

13072

256840

60577

$ 337826


December 3 1 20 1 4 and 2 0 1 3







N umber of TD Rs

1

4

6

N u m ber of TD Rs

1

2



$ 17664 $ 17664 $ 25368 $ 25368

1293527 1293527

$ 1336559 $ 1336559



$ 121968 $ 121 968

731 1 5 73 1 15

$ 195083 $ 1 95083


28

N ote 5


D ecember 3 1 2 0 1 4 and 2 0 1 3



2014





2013

$ 2648835 13644840 1 7594719

33888394 18138560

$ 15 749834


Fair Value Hedges



29


Decem ber 3 1 2 0 1 4 and 2 0 1 3







Fa i r Value Hedges

Interest rate swap

Cash Flow Hedges






(18196) $ 27550



30







$ 15000000 $ (355929)

2013




$ 15000000 $ 488578

N ote 7 G oodwill



Goodvill 19791321 1 976$321



3 1

I

N ote 8


Decem ber 3 1 2 0 1 4 and 201 3




2015 $ 14483083 1 2016 32838389 2017 3674206 2018 2441 696 2019 3261275 Thereafter 4433000

$ 191479397



32


December 3 1 2 0 1 4 and 2 0 1 3







Weighted

Average

Interest

Rate at Year End

NIA 044 217 217 275 1 60 1 37

2014

Balance Due

$ 52355406

3 63195 371155

10379290 5387603

25539635

94396284

(2921424)

$ 91474860

2013

Weighted

Average

Interest


040 $ 3 0347783 066 15355406 2 17 3 63 195 217 371155 277 1 0379290 1 60 5387603 1 41 25539634

87744066

(3403844)

$ 84340222



33


D ecember 3 1 2 0 1 4 and 2 0 1 3



2 0 1 4 2013


Net of Tax Amount $ 1556862 $ (255687)





2014

$ 637085 (237633)

$ 399452



$ (4853)

34


December 3 1 2 0 1 4 and 2 0 1 3



2014






$ 5000000

2 0 1 3

$ 1 385417

522002

490059

$ 2397478


35


December 3 1 2 0 1 4 and 20 1 3





201 4 20 1 3




36


D ecember 3 1 2 0 1 4 and 201 3


2 0 1 4 201 3








20 1 4 201 3

Deferred tax assets



Other 161 216 121098



4 126343 3822039





Goodvvill 3127366 2823561



5649484 4424406


37


December 3 1 2 0 1 4 and 2 0 1 3





38


December 3 1 2 0 1 4 and 2 0 1 3


















39


December 3 1 2 0 1 4 a n d 20 1 3











40


D ecember 3 1 20 1 4 a n d 201 3








4 1


December 3 1 2 0 1 4 a n d 2 0 1 3


Allocated shares



Ending ESOP shares


2014

2575

75

759

3409

3098238

20 1 3

2648

56

473

3 177

$ 1 8 1 1 590







42


December 3 1 2 0 1 4 and 2 0 1 3









Fair Value

$ 24578999

85 1 1 983

26022339 68464005

(53 125 1)

Fair Value

$ 25804500

941871 1

40582910 72988946

488578 (599974)

$

$


Quoted

Prices in

Active Significant



$ 24578999 $

851 1983

26022339 68464005

(53 1251)


Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

43

Significant

Other

Observable

Inputs (Level 2)

$ 25804500

94187 1 1

40582910 72988946

488578 (599974)

$

Sign ificant

Unobservable

I n puts (Level 3)


December 3 1 2 0 1 4 a n d 2 0 1 3








Fair Valu e



Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

44

$

Significant

Other

Observable I nputs

(Level 2)

2013

$

Significant


Level 3)

8561288


December 3 1 2 0 1 4 and 201 3


Fair Value


Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

$

Significant

Other

Observable

I nputs (Level 2)

$

Significant

U nobservable

Inputs (Level 3)

83 1 1516





45


December 3 1 2 0 1 4 and 2 0 1 3














Loans Held For Sale


46

Loans


D ecember 3 1 2 0 1 4 a n d 2 0 1 3




Deposits









4 7


December 3 1 2 0 1 4 and 20 1 3



General Litigation









48

Lines of Credit


December 3 1 2 0 1 4 a n d 2 0 1 3








49


100



100





I

100



Reinbeck IA 1H 1 if



























FR Y-6













Inc 1 553 of common


1) 2) (3)(a)



FR Y-6



3)(b) 3)(c)



4Hal (4)(b) (4)(cl




1 ) 2) 13lal


FR Y-6



3)(b) (3lcl


(4)(a) (4)(b) 4Hcl



None None


( 1 ) 2) (3)(a)


FR Y-6



3)(b) 3)(c)




4)a) 4)b) 4)(c)





1) 2) (3)a)


FR Y-6



3)(b) (3)(c)



4)(a) (4)(b) 4)(c)



in partnership)

1) 2) 3)(a)



FR Y-6



3)(b) 3)(c)


4)(a) (4)(b) 4Hcl



1 ) 2) (3)(a)




FR Y-6



3)(b) (3)(c)



14)(a) (4)(b) 4)(c)




1) 2) 3)(a)




department store

FR Y-6



(3)(b) 3)(c)



4)(a) 4)(b) (4)(c)




1) (2) 3)(a)




Savings Bank

FR Y-6



(3)(b) (3)(c)



4(a 4(b (4(c)




(1 ) 2) 3)(a)





FR Y-6



3)(b) 3Hcl


NA NA

NA NA

4)(a) (4)(b) 4)(c)





FR Y-6 Cover Page







D ecember 3 1 2 0 1 4 and 2 0 1 3


2014







Recoveries 25000 150758 7904 1299 20847 205808


Ending balance


impainnent $ 8935 s 1 723 s 408336 $ 731291 $ 120822 $ 3376 $ 1 274483

Ending balance


impairment s 1000167 $ 176364 $ 7 1 1 664 $ 2861852 $ 205974 s 2 19665 s 5175686

Loans


Ending balance



Ending balance


impainnent $ 86246 156 $ 81726947 s 62431367 $ 255656591 s 98461109 $ 8975860 s 593498030

20




Losses charged off

Recoveries

Balance end of year

Ending balance


impairment

Ending balance


impairment

Loans


December 3 1 201 4 and 2 0 1 3

2013



s 655667 s 88374 $ 21 80440 s 171 6530 s 458970

1 14395 65307 (49380) 292400 3 1 1 677

(131929) (58631) (134797)

30267 41

$ 770062 s 153681 $ 2029398 $ 1950299 $ 635891

s s 38608 $ 1052013 $ 314645 s 292836

s 770062 $ J 1 5073 s 977385 s 1635654 s 343055

Consumer

and Other Total

$ 77630 $ 51776 1 1

41 703 776102

(58574) (38393 1)

23696 54004

s 84455 $ 5623786

s s 1 698102

$ 84455 $ 3925684


Ending balance



Ending balance


impairment s 73238784 s 77358689 $ 42272537 $ 182842999 $ 76846684 s 72237 1 2 s 459783405





21


December 3 1 20 1 4 and 2 0 1 3










22


December 3 1 20 1 4 and 201 3







23


Decem ber 3 1 2 0 1 4 and 2 0 1 3








Agricultural

$ 86246156

59570

$ 86305726

Agricultural

Real Estate

$ 81 726947

1 1 489

$ 81 738436

24

2014

Commercia l

$ 60466766 1 964601 2606288

26668

$ 65064323

Consumer

Real Estate

$ 98331305 1 1 60943

$ 99492248

Commercial

Real Estate Total

$ 248979 648 $47741 9517 6676943 8641544 6078101 8755448

26668

$ 261734692 $494843 177

Consumer

and Other Total

$ 8974157 $ 107305462 24219 1 1 85162

$ 8998376 $ 1 08490624

_ I

Agricultural







$ 73198803 $ 77508288 $ 41 961660 $ 178656731 137045 1 768952

39981 7509 2787500 259568 4324221 3759153

$ 73238784 $ 77515797 $ 49210426 $ 184444404

Consumer Consumer


$ 76078839 $ 7190047 2081061 33665

$ 78159900 $ 72237 12

Total

$371325482 1905997 3094558 8083374

$384409411

Total

$ 83268886 2 1 14726

$ 85383612




201 4

Total Loans gt 90


$ $ $ $ $ $ 86305726 $ 86305726


Commercial 1 14872 215674 209419 114717 654682 64409641 65064323




Total $ 1974017 $ 1225836 $ 289068 $ 1268850 $ 4757771 $ 598576030 $ 603333801

25

Agricultural


December 3 1 2 0 1 4 and 201 3

2013

Total Loans gt 90


$ $ $ $ $


$ 73238784 $ 73238784


Commercial 280097 204740 181053 560438 1226328 47984098 49210426




Total $ 2392083 $ 533251 $ 956619 $ 1458277 $ 5340230 $ 464452 793 $ 469793023



2 6


December 3 1 2 0 1 4 and 2 0 1 3

2014

Average

Unpaid Investment




Agricultural 59570 59570 8935 57 1 16


Commercial 2632956 2712541 408336 767738






2013

Average

Unpaid Investment




allovance

Commercial $ 40000 $ 70162 $ $ 70427





Commercial 6897889 6980003 1 052013 5629646





Total


Commercial 6937889 7050165 1052013 5700073




Interest

Income

Recognized

2558

747

32385

333654

40067

1863

4 1 1 274

Interest

Income

Recognized

$ 7747

$ 7747

321474

60279

58591

440344

329221

60279

58591

$ 448091


27

Interest

Income

Cash

Basis

4746

1515

39332

344178

5 1 977

2848

444596

Interest

Income

Cash

Basis

$ 2415

$ 2415

7337

10657

256840

60577

3354 1 1

7337

13072

256840

60577

$ 337826


December 3 1 20 1 4 and 2 0 1 3







N umber of TD Rs

1

4

6

N u m ber of TD Rs

1

2



$ 17664 $ 17664 $ 25368 $ 25368

1293527 1293527

$ 1336559 $ 1336559



$ 121968 $ 121 968

731 1 5 73 1 15

$ 195083 $ 1 95083


28

N ote 5


D ecember 3 1 2 0 1 4 and 2 0 1 3



2014





2013

$ 2648835 13644840 1 7594719

33888394 18138560

$ 15 749834


Fair Value Hedges



29


Decem ber 3 1 2 0 1 4 and 2 0 1 3







Fa i r Value Hedges

Interest rate swap

Cash Flow Hedges






(18196) $ 27550



30







$ 15000000 $ (355929)

2013




$ 15000000 $ 488578

N ote 7 G oodwill



Goodvill 19791321 1 976$321



3 1

I

N ote 8


Decem ber 3 1 2 0 1 4 and 201 3




2015 $ 14483083 1 2016 32838389 2017 3674206 2018 2441 696 2019 3261275 Thereafter 4433000

$ 191479397



32


December 3 1 2 0 1 4 and 2 0 1 3







Weighted

Average

Interest

Rate at Year End

NIA 044 217 217 275 1 60 1 37

2014

Balance Due

$ 52355406

3 63195 371155

10379290 5387603

25539635

94396284

(2921424)

$ 91474860

2013

Weighted

Average

Interest


040 $ 3 0347783 066 15355406 2 17 3 63 195 217 371155 277 1 0379290 1 60 5387603 1 41 25539634

87744066

(3403844)

$ 84340222



33


D ecember 3 1 2 0 1 4 and 2 0 1 3



2 0 1 4 2013


Net of Tax Amount $ 1556862 $ (255687)





2014

$ 637085 (237633)

$ 399452



$ (4853)

34


December 3 1 2 0 1 4 and 2 0 1 3



2014






$ 5000000

2 0 1 3

$ 1 385417

522002

490059

$ 2397478


35


December 3 1 2 0 1 4 and 20 1 3





201 4 20 1 3




36


D ecember 3 1 2 0 1 4 and 201 3


2 0 1 4 201 3








20 1 4 201 3

Deferred tax assets



Other 161 216 121098



4 126343 3822039





Goodvvill 3127366 2823561



5649484 4424406


37


December 3 1 2 0 1 4 and 2 0 1 3





38


December 3 1 2 0 1 4 and 2 0 1 3


















39


December 3 1 2 0 1 4 a n d 20 1 3











40


D ecember 3 1 20 1 4 a n d 201 3








4 1


December 3 1 2 0 1 4 a n d 2 0 1 3


Allocated shares



Ending ESOP shares


2014

2575

75

759

3409

3098238

20 1 3

2648

56

473

3 177

$ 1 8 1 1 590







42


December 3 1 2 0 1 4 and 2 0 1 3









Fair Value

$ 24578999

85 1 1 983

26022339 68464005

(53 125 1)

Fair Value

$ 25804500

941871 1

40582910 72988946

488578 (599974)

$

$


Quoted

Prices in

Active Significant



$ 24578999 $

851 1983

26022339 68464005

(53 1251)


Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

43

Significant

Other

Observable

Inputs (Level 2)

$ 25804500

94187 1 1

40582910 72988946

488578 (599974)

$

Sign ificant

Unobservable

I n puts (Level 3)


December 3 1 2 0 1 4 a n d 2 0 1 3








Fair Valu e



Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

44

$

Significant

Other

Observable I nputs

(Level 2)

2013

$

Significant


Level 3)

8561288


December 3 1 2 0 1 4 and 201 3


Fair Value


Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

$

Significant

Other

Observable

I nputs (Level 2)

$

Significant

U nobservable

Inputs (Level 3)

83 1 1516





45


December 3 1 2 0 1 4 and 2 0 1 3














Loans Held For Sale


46

Loans


D ecember 3 1 2 0 1 4 a n d 2 0 1 3




Deposits









4 7


December 3 1 2 0 1 4 and 20 1 3



General Litigation









48

Lines of Credit


December 3 1 2 0 1 4 a n d 2 0 1 3








49


100



100





I

100



Reinbeck IA 1H 1 if



























FR Y-6













Inc 1 553 of common


1) 2) (3)(a)



FR Y-6



3)(b) 3)(c)



4Hal (4)(b) (4)(cl




1 ) 2) 13lal


FR Y-6



3)(b) (3lcl


(4)(a) (4)(b) 4Hcl



None None


( 1 ) 2) (3)(a)


FR Y-6



3)(b) 3)(c)




4)a) 4)b) 4)(c)





1) 2) (3)a)


FR Y-6



3)(b) (3)(c)



4)(a) (4)(b) 4)(c)



in partnership)

1) 2) 3)(a)



FR Y-6



3)(b) 3)(c)


4)(a) (4)(b) 4Hcl



1 ) 2) (3)(a)




FR Y-6



3)(b) (3)(c)



14)(a) (4)(b) 4)(c)




1) 2) 3)(a)




department store

FR Y-6



(3)(b) 3)(c)



4)(a) 4)(b) (4)(c)




1) (2) 3)(a)




Savings Bank

FR Y-6



(3)(b) (3)(c)



4(a 4(b (4(c)




(1 ) 2) 3)(a)





FR Y-6



3)(b) 3Hcl


NA NA

NA NA

4)(a) (4)(b) 4)(c)





FR Y-6 Cover Page









Losses charged off

Recoveries

Balance end of year

Ending balance


impairment

Ending balance


impairment

Loans


December 3 1 201 4 and 2 0 1 3

2013



s 655667 s 88374 $ 21 80440 s 171 6530 s 458970

1 14395 65307 (49380) 292400 3 1 1 677

(131929) (58631) (134797)

30267 41

$ 770062 s 153681 $ 2029398 $ 1950299 $ 635891

s s 38608 $ 1052013 $ 314645 s 292836

s 770062 $ J 1 5073 s 977385 s 1635654 s 343055

Consumer

and Other Total

$ 77630 $ 51776 1 1

41 703 776102

(58574) (38393 1)

23696 54004

s 84455 $ 5623786

s s 1 698102

$ 84455 $ 3925684


Ending balance



Ending balance


impairment s 73238784 s 77358689 $ 42272537 $ 182842999 $ 76846684 s 72237 1 2 s 459783405





21


December 3 1 20 1 4 and 2 0 1 3










22


December 3 1 20 1 4 and 201 3







23


Decem ber 3 1 2 0 1 4 and 2 0 1 3








Agricultural

$ 86246156

59570

$ 86305726

Agricultural

Real Estate

$ 81 726947

1 1 489

$ 81 738436

24

2014

Commercia l

$ 60466766 1 964601 2606288

26668

$ 65064323

Consumer

Real Estate

$ 98331305 1 1 60943

$ 99492248

Commercial

Real Estate Total

$ 248979 648 $47741 9517 6676943 8641544 6078101 8755448

26668

$ 261734692 $494843 177

Consumer

and Other Total

$ 8974157 $ 107305462 24219 1 1 85162

$ 8998376 $ 1 08490624

_ I

Agricultural







$ 73198803 $ 77508288 $ 41 961660 $ 178656731 137045 1 768952

39981 7509 2787500 259568 4324221 3759153

$ 73238784 $ 77515797 $ 49210426 $ 184444404

Consumer Consumer


$ 76078839 $ 7190047 2081061 33665

$ 78159900 $ 72237 12

Total

$371325482 1905997 3094558 8083374

$384409411

Total

$ 83268886 2 1 14726

$ 85383612




201 4

Total Loans gt 90


$ $ $ $ $ $ 86305726 $ 86305726


Commercial 1 14872 215674 209419 114717 654682 64409641 65064323




Total $ 1974017 $ 1225836 $ 289068 $ 1268850 $ 4757771 $ 598576030 $ 603333801

25

Agricultural


December 3 1 2 0 1 4 and 201 3

2013

Total Loans gt 90


$ $ $ $ $


$ 73238784 $ 73238784


Commercial 280097 204740 181053 560438 1226328 47984098 49210426




Total $ 2392083 $ 533251 $ 956619 $ 1458277 $ 5340230 $ 464452 793 $ 469793023



2 6


December 3 1 2 0 1 4 and 2 0 1 3

2014

Average

Unpaid Investment




Agricultural 59570 59570 8935 57 1 16


Commercial 2632956 2712541 408336 767738






2013

Average

Unpaid Investment




allovance

Commercial $ 40000 $ 70162 $ $ 70427





Commercial 6897889 6980003 1 052013 5629646





Total


Commercial 6937889 7050165 1052013 5700073




Interest

Income

Recognized

2558

747

32385

333654

40067

1863

4 1 1 274

Interest

Income

Recognized

$ 7747

$ 7747

321474

60279

58591

440344

329221

60279

58591

$ 448091


27

Interest

Income

Cash

Basis

4746

1515

39332

344178

5 1 977

2848

444596

Interest

Income

Cash

Basis

$ 2415

$ 2415

7337

10657

256840

60577

3354 1 1

7337

13072

256840

60577

$ 337826


December 3 1 20 1 4 and 2 0 1 3







N umber of TD Rs

1

4

6

N u m ber of TD Rs

1

2



$ 17664 $ 17664 $ 25368 $ 25368

1293527 1293527

$ 1336559 $ 1336559



$ 121968 $ 121 968

731 1 5 73 1 15

$ 195083 $ 1 95083


28

N ote 5


D ecember 3 1 2 0 1 4 and 2 0 1 3



2014





2013

$ 2648835 13644840 1 7594719

33888394 18138560

$ 15 749834


Fair Value Hedges



29


Decem ber 3 1 2 0 1 4 and 2 0 1 3







Fa i r Value Hedges

Interest rate swap

Cash Flow Hedges






(18196) $ 27550



30







$ 15000000 $ (355929)

2013




$ 15000000 $ 488578

N ote 7 G oodwill



Goodvill 19791321 1 976$321



3 1

I

N ote 8


Decem ber 3 1 2 0 1 4 and 201 3




2015 $ 14483083 1 2016 32838389 2017 3674206 2018 2441 696 2019 3261275 Thereafter 4433000

$ 191479397



32


December 3 1 2 0 1 4 and 2 0 1 3







Weighted

Average

Interest

Rate at Year End

NIA 044 217 217 275 1 60 1 37

2014

Balance Due

$ 52355406

3 63195 371155

10379290 5387603

25539635

94396284

(2921424)

$ 91474860

2013

Weighted

Average

Interest


040 $ 3 0347783 066 15355406 2 17 3 63 195 217 371155 277 1 0379290 1 60 5387603 1 41 25539634

87744066

(3403844)

$ 84340222



33


D ecember 3 1 2 0 1 4 and 2 0 1 3



2 0 1 4 2013


Net of Tax Amount $ 1556862 $ (255687)





2014

$ 637085 (237633)

$ 399452



$ (4853)

34


December 3 1 2 0 1 4 and 2 0 1 3



2014






$ 5000000

2 0 1 3

$ 1 385417

522002

490059

$ 2397478


35


December 3 1 2 0 1 4 and 20 1 3





201 4 20 1 3




36


D ecember 3 1 2 0 1 4 and 201 3


2 0 1 4 201 3








20 1 4 201 3

Deferred tax assets



Other 161 216 121098



4 126343 3822039





Goodvvill 3127366 2823561



5649484 4424406


37


December 3 1 2 0 1 4 and 2 0 1 3





38


December 3 1 2 0 1 4 and 2 0 1 3


















39


December 3 1 2 0 1 4 a n d 20 1 3











40


D ecember 3 1 20 1 4 a n d 201 3








4 1


December 3 1 2 0 1 4 a n d 2 0 1 3


Allocated shares



Ending ESOP shares


2014

2575

75

759

3409

3098238

20 1 3

2648

56

473

3 177

$ 1 8 1 1 590







42


December 3 1 2 0 1 4 and 2 0 1 3









Fair Value

$ 24578999

85 1 1 983

26022339 68464005

(53 125 1)

Fair Value

$ 25804500

941871 1

40582910 72988946

488578 (599974)

$

$


Quoted

Prices in

Active Significant



$ 24578999 $

851 1983

26022339 68464005

(53 1251)


Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

43

Significant

Other

Observable

Inputs (Level 2)

$ 25804500

94187 1 1

40582910 72988946

488578 (599974)

$

Sign ificant

Unobservable

I n puts (Level 3)


December 3 1 2 0 1 4 a n d 2 0 1 3








Fair Valu e



Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

44

$

Significant

Other

Observable I nputs

(Level 2)

2013

$

Significant


Level 3)

8561288


December 3 1 2 0 1 4 and 201 3


Fair Value


Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

$

Significant

Other

Observable

I nputs (Level 2)

$

Significant

U nobservable

Inputs (Level 3)

83 1 1516





45


December 3 1 2 0 1 4 and 2 0 1 3














Loans Held For Sale


46

Loans


D ecember 3 1 2 0 1 4 a n d 2 0 1 3




Deposits









4 7


December 3 1 2 0 1 4 and 20 1 3



General Litigation









48

Lines of Credit


December 3 1 2 0 1 4 a n d 2 0 1 3








49


100



100





I

100



Reinbeck IA 1H 1 if



























FR Y-6













Inc 1 553 of common


1) 2) (3)(a)



FR Y-6



3)(b) 3)(c)



4Hal (4)(b) (4)(cl




1 ) 2) 13lal


FR Y-6



3)(b) (3lcl


(4)(a) (4)(b) 4Hcl



None None


( 1 ) 2) (3)(a)


FR Y-6



3)(b) 3)(c)




4)a) 4)b) 4)(c)





1) 2) (3)a)


FR Y-6



3)(b) (3)(c)



4)(a) (4)(b) 4)(c)



in partnership)

1) 2) 3)(a)



FR Y-6



3)(b) 3)(c)


4)(a) (4)(b) 4Hcl



1 ) 2) (3)(a)




FR Y-6



3)(b) (3)(c)



14)(a) (4)(b) 4)(c)




1) 2) 3)(a)




department store

FR Y-6



(3)(b) 3)(c)



4)(a) 4)(b) (4)(c)




1) (2) 3)(a)




Savings Bank

FR Y-6



(3)(b) (3)(c)



4(a 4(b (4(c)




(1 ) 2) 3)(a)





FR Y-6



3)(b) 3Hcl


NA NA

NA NA

4)(a) (4)(b) 4)(c)





FR Y-6 Cover Page







December 3 1 20 1 4 and 2 0 1 3










22


December 3 1 20 1 4 and 201 3







23


Decem ber 3 1 2 0 1 4 and 2 0 1 3








Agricultural

$ 86246156

59570

$ 86305726

Agricultural

Real Estate

$ 81 726947

1 1 489

$ 81 738436

24

2014

Commercia l

$ 60466766 1 964601 2606288

26668

$ 65064323

Consumer

Real Estate

$ 98331305 1 1 60943

$ 99492248

Commercial

Real Estate Total

$ 248979 648 $47741 9517 6676943 8641544 6078101 8755448

26668

$ 261734692 $494843 177

Consumer

and Other Total

$ 8974157 $ 107305462 24219 1 1 85162

$ 8998376 $ 1 08490624

_ I

Agricultural







$ 73198803 $ 77508288 $ 41 961660 $ 178656731 137045 1 768952

39981 7509 2787500 259568 4324221 3759153

$ 73238784 $ 77515797 $ 49210426 $ 184444404

Consumer Consumer


$ 76078839 $ 7190047 2081061 33665

$ 78159900 $ 72237 12

Total

$371325482 1905997 3094558 8083374

$384409411

Total

$ 83268886 2 1 14726

$ 85383612




201 4

Total Loans gt 90


$ $ $ $ $ $ 86305726 $ 86305726


Commercial 1 14872 215674 209419 114717 654682 64409641 65064323




Total $ 1974017 $ 1225836 $ 289068 $ 1268850 $ 4757771 $ 598576030 $ 603333801

25

Agricultural


December 3 1 2 0 1 4 and 201 3

2013

Total Loans gt 90


$ $ $ $ $


$ 73238784 $ 73238784


Commercial 280097 204740 181053 560438 1226328 47984098 49210426




Total $ 2392083 $ 533251 $ 956619 $ 1458277 $ 5340230 $ 464452 793 $ 469793023



2 6


December 3 1 2 0 1 4 and 2 0 1 3

2014

Average

Unpaid Investment




Agricultural 59570 59570 8935 57 1 16


Commercial 2632956 2712541 408336 767738






2013

Average

Unpaid Investment




allovance

Commercial $ 40000 $ 70162 $ $ 70427





Commercial 6897889 6980003 1 052013 5629646





Total


Commercial 6937889 7050165 1052013 5700073




Interest

Income

Recognized

2558

747

32385

333654

40067

1863

4 1 1 274

Interest

Income

Recognized

$ 7747

$ 7747

321474

60279

58591

440344

329221

60279

58591

$ 448091


27

Interest

Income

Cash

Basis

4746

1515

39332

344178

5 1 977

2848

444596

Interest

Income

Cash

Basis

$ 2415

$ 2415

7337

10657

256840

60577

3354 1 1

7337

13072

256840

60577

$ 337826


December 3 1 20 1 4 and 2 0 1 3







N umber of TD Rs

1

4

6

N u m ber of TD Rs

1

2



$ 17664 $ 17664 $ 25368 $ 25368

1293527 1293527

$ 1336559 $ 1336559



$ 121968 $ 121 968

731 1 5 73 1 15

$ 195083 $ 1 95083


28

N ote 5


D ecember 3 1 2 0 1 4 and 2 0 1 3



2014





2013

$ 2648835 13644840 1 7594719

33888394 18138560

$ 15 749834


Fair Value Hedges



29


Decem ber 3 1 2 0 1 4 and 2 0 1 3







Fa i r Value Hedges

Interest rate swap

Cash Flow Hedges






(18196) $ 27550



30







$ 15000000 $ (355929)

2013




$ 15000000 $ 488578

N ote 7 G oodwill



Goodvill 19791321 1 976$321



3 1

I

N ote 8


Decem ber 3 1 2 0 1 4 and 201 3




2015 $ 14483083 1 2016 32838389 2017 3674206 2018 2441 696 2019 3261275 Thereafter 4433000

$ 191479397



32


December 3 1 2 0 1 4 and 2 0 1 3







Weighted

Average

Interest

Rate at Year End

NIA 044 217 217 275 1 60 1 37

2014

Balance Due

$ 52355406

3 63195 371155

10379290 5387603

25539635

94396284

(2921424)

$ 91474860

2013

Weighted

Average

Interest


040 $ 3 0347783 066 15355406 2 17 3 63 195 217 371155 277 1 0379290 1 60 5387603 1 41 25539634

87744066

(3403844)

$ 84340222



33


D ecember 3 1 2 0 1 4 and 2 0 1 3



2 0 1 4 2013


Net of Tax Amount $ 1556862 $ (255687)





2014

$ 637085 (237633)

$ 399452



$ (4853)

34


December 3 1 2 0 1 4 and 2 0 1 3



2014






$ 5000000

2 0 1 3

$ 1 385417

522002

490059

$ 2397478


35


December 3 1 2 0 1 4 and 20 1 3





201 4 20 1 3




36


D ecember 3 1 2 0 1 4 and 201 3


2 0 1 4 201 3








20 1 4 201 3

Deferred tax assets



Other 161 216 121098



4 126343 3822039





Goodvvill 3127366 2823561



5649484 4424406


37


December 3 1 2 0 1 4 and 2 0 1 3





38


December 3 1 2 0 1 4 and 2 0 1 3


















39


December 3 1 2 0 1 4 a n d 20 1 3











40


D ecember 3 1 20 1 4 a n d 201 3








4 1


December 3 1 2 0 1 4 a n d 2 0 1 3


Allocated shares



Ending ESOP shares


2014

2575

75

759

3409

3098238

20 1 3

2648

56

473

3 177

$ 1 8 1 1 590







42


December 3 1 2 0 1 4 and 2 0 1 3









Fair Value

$ 24578999

85 1 1 983

26022339 68464005

(53 125 1)

Fair Value

$ 25804500

941871 1

40582910 72988946

488578 (599974)

$

$


Quoted

Prices in

Active Significant



$ 24578999 $

851 1983

26022339 68464005

(53 1251)


Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

43

Significant

Other

Observable

Inputs (Level 2)

$ 25804500

94187 1 1

40582910 72988946

488578 (599974)

$

Sign ificant

Unobservable

I n puts (Level 3)


December 3 1 2 0 1 4 a n d 2 0 1 3








Fair Valu e



Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

44

$

Significant

Other

Observable I nputs

(Level 2)

2013

$

Significant


Level 3)

8561288


December 3 1 2 0 1 4 and 201 3


Fair Value


Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

$

Significant

Other

Observable

I nputs (Level 2)

$

Significant

U nobservable

Inputs (Level 3)

83 1 1516





45


December 3 1 2 0 1 4 and 2 0 1 3














Loans Held For Sale


46

Loans


D ecember 3 1 2 0 1 4 a n d 2 0 1 3




Deposits









4 7


December 3 1 2 0 1 4 and 20 1 3



General Litigation









48

Lines of Credit


December 3 1 2 0 1 4 a n d 2 0 1 3








49


100



100





I

100



Reinbeck IA 1H 1 if



























FR Y-6













Inc 1 553 of common


1) 2) (3)(a)



FR Y-6



3)(b) 3)(c)



4Hal (4)(b) (4)(cl




1 ) 2) 13lal


FR Y-6



3)(b) (3lcl


(4)(a) (4)(b) 4Hcl



None None


( 1 ) 2) (3)(a)


FR Y-6



3)(b) 3)(c)




4)a) 4)b) 4)(c)





1) 2) (3)a)


FR Y-6



3)(b) (3)(c)



4)(a) (4)(b) 4)(c)



in partnership)

1) 2) 3)(a)



FR Y-6



3)(b) 3)(c)


4)(a) (4)(b) 4Hcl



1 ) 2) (3)(a)




FR Y-6



3)(b) (3)(c)



14)(a) (4)(b) 4)(c)




1) 2) 3)(a)




department store

FR Y-6



(3)(b) 3)(c)



4)(a) 4)(b) (4)(c)




1) (2) 3)(a)




Savings Bank

FR Y-6



(3)(b) (3)(c)



4(a 4(b (4(c)




(1 ) 2) 3)(a)





FR Y-6



3)(b) 3Hcl


NA NA

NA NA

4)(a) (4)(b) 4)(c)





FR Y-6 Cover Page







December 3 1 20 1 4 and 201 3







23


Decem ber 3 1 2 0 1 4 and 2 0 1 3








Agricultural

$ 86246156

59570

$ 86305726

Agricultural

Real Estate

$ 81 726947

1 1 489

$ 81 738436

24

2014

Commercia l

$ 60466766 1 964601 2606288

26668

$ 65064323

Consumer

Real Estate

$ 98331305 1 1 60943

$ 99492248

Commercial

Real Estate Total

$ 248979 648 $47741 9517 6676943 8641544 6078101 8755448

26668

$ 261734692 $494843 177

Consumer

and Other Total

$ 8974157 $ 107305462 24219 1 1 85162

$ 8998376 $ 1 08490624

_ I

Agricultural







$ 73198803 $ 77508288 $ 41 961660 $ 178656731 137045 1 768952

39981 7509 2787500 259568 4324221 3759153

$ 73238784 $ 77515797 $ 49210426 $ 184444404

Consumer Consumer


$ 76078839 $ 7190047 2081061 33665

$ 78159900 $ 72237 12

Total

$371325482 1905997 3094558 8083374

$384409411

Total

$ 83268886 2 1 14726

$ 85383612




201 4

Total Loans gt 90


$ $ $ $ $ $ 86305726 $ 86305726


Commercial 1 14872 215674 209419 114717 654682 64409641 65064323




Total $ 1974017 $ 1225836 $ 289068 $ 1268850 $ 4757771 $ 598576030 $ 603333801

25

Agricultural


December 3 1 2 0 1 4 and 201 3

2013

Total Loans gt 90


$ $ $ $ $


$ 73238784 $ 73238784


Commercial 280097 204740 181053 560438 1226328 47984098 49210426




Total $ 2392083 $ 533251 $ 956619 $ 1458277 $ 5340230 $ 464452 793 $ 469793023



2 6


December 3 1 2 0 1 4 and 2 0 1 3

2014

Average

Unpaid Investment




Agricultural 59570 59570 8935 57 1 16


Commercial 2632956 2712541 408336 767738






2013

Average

Unpaid Investment




allovance

Commercial $ 40000 $ 70162 $ $ 70427





Commercial 6897889 6980003 1 052013 5629646





Total


Commercial 6937889 7050165 1052013 5700073




Interest

Income

Recognized

2558

747

32385

333654

40067

1863

4 1 1 274

Interest

Income

Recognized

$ 7747

$ 7747

321474

60279

58591

440344

329221

60279

58591

$ 448091


27

Interest

Income

Cash

Basis

4746

1515

39332

344178

5 1 977

2848

444596

Interest

Income

Cash

Basis

$ 2415

$ 2415

7337

10657

256840

60577

3354 1 1

7337

13072

256840

60577

$ 337826


December 3 1 20 1 4 and 2 0 1 3







N umber of TD Rs

1

4

6

N u m ber of TD Rs

1

2



$ 17664 $ 17664 $ 25368 $ 25368

1293527 1293527

$ 1336559 $ 1336559



$ 121968 $ 121 968

731 1 5 73 1 15

$ 195083 $ 1 95083


28

N ote 5


D ecember 3 1 2 0 1 4 and 2 0 1 3



2014





2013

$ 2648835 13644840 1 7594719

33888394 18138560

$ 15 749834


Fair Value Hedges



29


Decem ber 3 1 2 0 1 4 and 2 0 1 3







Fa i r Value Hedges

Interest rate swap

Cash Flow Hedges






(18196) $ 27550



30







$ 15000000 $ (355929)

2013




$ 15000000 $ 488578

N ote 7 G oodwill



Goodvill 19791321 1 976$321



3 1

I

N ote 8


Decem ber 3 1 2 0 1 4 and 201 3




2015 $ 14483083 1 2016 32838389 2017 3674206 2018 2441 696 2019 3261275 Thereafter 4433000

$ 191479397



32


December 3 1 2 0 1 4 and 2 0 1 3







Weighted

Average

Interest

Rate at Year End

NIA 044 217 217 275 1 60 1 37

2014

Balance Due

$ 52355406

3 63195 371155

10379290 5387603

25539635

94396284

(2921424)

$ 91474860

2013

Weighted

Average

Interest


040 $ 3 0347783 066 15355406 2 17 3 63 195 217 371155 277 1 0379290 1 60 5387603 1 41 25539634

87744066

(3403844)

$ 84340222



33


D ecember 3 1 2 0 1 4 and 2 0 1 3



2 0 1 4 2013


Net of Tax Amount $ 1556862 $ (255687)





2014

$ 637085 (237633)

$ 399452



$ (4853)

34


December 3 1 2 0 1 4 and 2 0 1 3



2014






$ 5000000

2 0 1 3

$ 1 385417

522002

490059

$ 2397478


35


December 3 1 2 0 1 4 and 20 1 3





201 4 20 1 3




36


D ecember 3 1 2 0 1 4 and 201 3


2 0 1 4 201 3








20 1 4 201 3

Deferred tax assets



Other 161 216 121098



4 126343 3822039





Goodvvill 3127366 2823561



5649484 4424406


37


December 3 1 2 0 1 4 and 2 0 1 3





38


December 3 1 2 0 1 4 and 2 0 1 3


















39


December 3 1 2 0 1 4 a n d 20 1 3











40


D ecember 3 1 20 1 4 a n d 201 3








4 1


December 3 1 2 0 1 4 a n d 2 0 1 3


Allocated shares



Ending ESOP shares


2014

2575

75

759

3409

3098238

20 1 3

2648

56

473

3 177

$ 1 8 1 1 590







42


December 3 1 2 0 1 4 and 2 0 1 3









Fair Value

$ 24578999

85 1 1 983

26022339 68464005

(53 125 1)

Fair Value

$ 25804500

941871 1

40582910 72988946

488578 (599974)

$

$


Quoted

Prices in

Active Significant



$ 24578999 $

851 1983

26022339 68464005

(53 1251)


Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

43

Significant

Other

Observable

Inputs (Level 2)

$ 25804500

94187 1 1

40582910 72988946

488578 (599974)

$

Sign ificant

Unobservable

I n puts (Level 3)


December 3 1 2 0 1 4 a n d 2 0 1 3








Fair Valu e



Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

44

$

Significant

Other

Observable I nputs

(Level 2)

2013

$

Significant


Level 3)

8561288


December 3 1 2 0 1 4 and 201 3


Fair Value


Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

$

Significant

Other

Observable

I nputs (Level 2)

$

Significant

U nobservable

Inputs (Level 3)

83 1 1516





45


December 3 1 2 0 1 4 and 2 0 1 3














Loans Held For Sale


46

Loans


D ecember 3 1 2 0 1 4 a n d 2 0 1 3




Deposits









4 7


December 3 1 2 0 1 4 and 20 1 3



General Litigation









48

Lines of Credit


December 3 1 2 0 1 4 a n d 2 0 1 3








49


100



100





I

100



Reinbeck IA 1H 1 if



























FR Y-6













Inc 1 553 of common


1) 2) (3)(a)



FR Y-6



3)(b) 3)(c)



4Hal (4)(b) (4)(cl




1 ) 2) 13lal


FR Y-6



3)(b) (3lcl


(4)(a) (4)(b) 4Hcl



None None


( 1 ) 2) (3)(a)


FR Y-6



3)(b) 3)(c)




4)a) 4)b) 4)(c)





1) 2) (3)a)


FR Y-6



3)(b) (3)(c)



4)(a) (4)(b) 4)(c)



in partnership)

1) 2) 3)(a)



FR Y-6



3)(b) 3)(c)


4)(a) (4)(b) 4Hcl



1 ) 2) (3)(a)




FR Y-6



3)(b) (3)(c)



14)(a) (4)(b) 4)(c)




1) 2) 3)(a)




department store

FR Y-6



(3)(b) 3)(c)



4)(a) 4)(b) (4)(c)




1) (2) 3)(a)




Savings Bank

FR Y-6



(3)(b) (3)(c)



4(a 4(b (4(c)




(1 ) 2) 3)(a)





FR Y-6



3)(b) 3Hcl


NA NA

NA NA

4)(a) (4)(b) 4)(c)





FR Y-6 Cover Page







Decem ber 3 1 2 0 1 4 and 2 0 1 3








Agricultural

$ 86246156

59570

$ 86305726

Agricultural

Real Estate

$ 81 726947

1 1 489

$ 81 738436

24

2014

Commercia l

$ 60466766 1 964601 2606288

26668

$ 65064323

Consumer

Real Estate

$ 98331305 1 1 60943

$ 99492248

Commercial

Real Estate Total

$ 248979 648 $47741 9517 6676943 8641544 6078101 8755448

26668

$ 261734692 $494843 177

Consumer

and Other Total

$ 8974157 $ 107305462 24219 1 1 85162

$ 8998376 $ 1 08490624

_ I

Agricultural







$ 73198803 $ 77508288 $ 41 961660 $ 178656731 137045 1 768952

39981 7509 2787500 259568 4324221 3759153

$ 73238784 $ 77515797 $ 49210426 $ 184444404

Consumer Consumer


$ 76078839 $ 7190047 2081061 33665

$ 78159900 $ 72237 12

Total

$371325482 1905997 3094558 8083374

$384409411

Total

$ 83268886 2 1 14726

$ 85383612




201 4

Total Loans gt 90


$ $ $ $ $ $ 86305726 $ 86305726


Commercial 1 14872 215674 209419 114717 654682 64409641 65064323




Total $ 1974017 $ 1225836 $ 289068 $ 1268850 $ 4757771 $ 598576030 $ 603333801

25

Agricultural


December 3 1 2 0 1 4 and 201 3

2013

Total Loans gt 90


$ $ $ $ $


$ 73238784 $ 73238784


Commercial 280097 204740 181053 560438 1226328 47984098 49210426




Total $ 2392083 $ 533251 $ 956619 $ 1458277 $ 5340230 $ 464452 793 $ 469793023



2 6


December 3 1 2 0 1 4 and 2 0 1 3

2014

Average

Unpaid Investment




Agricultural 59570 59570 8935 57 1 16


Commercial 2632956 2712541 408336 767738






2013

Average

Unpaid Investment




allovance

Commercial $ 40000 $ 70162 $ $ 70427





Commercial 6897889 6980003 1 052013 5629646





Total


Commercial 6937889 7050165 1052013 5700073




Interest

Income

Recognized

2558

747

32385

333654

40067

1863

4 1 1 274

Interest

Income

Recognized

$ 7747

$ 7747

321474

60279

58591

440344

329221

60279

58591

$ 448091


27

Interest

Income

Cash

Basis

4746

1515

39332

344178

5 1 977

2848

444596

Interest

Income

Cash

Basis

$ 2415

$ 2415

7337

10657

256840

60577

3354 1 1

7337

13072

256840

60577

$ 337826


December 3 1 20 1 4 and 2 0 1 3







N umber of TD Rs

1

4

6

N u m ber of TD Rs

1

2



$ 17664 $ 17664 $ 25368 $ 25368

1293527 1293527

$ 1336559 $ 1336559



$ 121968 $ 121 968

731 1 5 73 1 15

$ 195083 $ 1 95083


28

N ote 5


D ecember 3 1 2 0 1 4 and 2 0 1 3



2014





2013

$ 2648835 13644840 1 7594719

33888394 18138560

$ 15 749834


Fair Value Hedges



29


Decem ber 3 1 2 0 1 4 and 2 0 1 3







Fa i r Value Hedges

Interest rate swap

Cash Flow Hedges






(18196) $ 27550



30







$ 15000000 $ (355929)

2013




$ 15000000 $ 488578

N ote 7 G oodwill



Goodvill 19791321 1 976$321



3 1

I

N ote 8


Decem ber 3 1 2 0 1 4 and 201 3




2015 $ 14483083 1 2016 32838389 2017 3674206 2018 2441 696 2019 3261275 Thereafter 4433000

$ 191479397



32


December 3 1 2 0 1 4 and 2 0 1 3







Weighted

Average

Interest

Rate at Year End

NIA 044 217 217 275 1 60 1 37

2014

Balance Due

$ 52355406

3 63195 371155

10379290 5387603

25539635

94396284

(2921424)

$ 91474860

2013

Weighted

Average

Interest


040 $ 3 0347783 066 15355406 2 17 3 63 195 217 371155 277 1 0379290 1 60 5387603 1 41 25539634

87744066

(3403844)

$ 84340222



33


D ecember 3 1 2 0 1 4 and 2 0 1 3



2 0 1 4 2013


Net of Tax Amount $ 1556862 $ (255687)





2014

$ 637085 (237633)

$ 399452



$ (4853)

34


December 3 1 2 0 1 4 and 2 0 1 3



2014






$ 5000000

2 0 1 3

$ 1 385417

522002

490059

$ 2397478


35


December 3 1 2 0 1 4 and 20 1 3





201 4 20 1 3




36


D ecember 3 1 2 0 1 4 and 201 3


2 0 1 4 201 3








20 1 4 201 3

Deferred tax assets



Other 161 216 121098



4 126343 3822039





Goodvvill 3127366 2823561



5649484 4424406


37


December 3 1 2 0 1 4 and 2 0 1 3





38


December 3 1 2 0 1 4 and 2 0 1 3


















39


December 3 1 2 0 1 4 a n d 20 1 3











40


D ecember 3 1 20 1 4 a n d 201 3








4 1


December 3 1 2 0 1 4 a n d 2 0 1 3


Allocated shares



Ending ESOP shares


2014

2575

75

759

3409

3098238

20 1 3

2648

56

473

3 177

$ 1 8 1 1 590







42


December 3 1 2 0 1 4 and 2 0 1 3









Fair Value

$ 24578999

85 1 1 983

26022339 68464005

(53 125 1)

Fair Value

$ 25804500

941871 1

40582910 72988946

488578 (599974)

$

$


Quoted

Prices in

Active Significant



$ 24578999 $

851 1983

26022339 68464005

(53 1251)


Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

43

Significant

Other

Observable

Inputs (Level 2)

$ 25804500

94187 1 1

40582910 72988946

488578 (599974)

$

Sign ificant

Unobservable

I n puts (Level 3)


December 3 1 2 0 1 4 a n d 2 0 1 3








Fair Valu e



Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

44

$

Significant

Other

Observable I nputs

(Level 2)

2013

$

Significant


Level 3)

8561288


December 3 1 2 0 1 4 and 201 3


Fair Value


Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

$

Significant

Other

Observable

I nputs (Level 2)

$

Significant

U nobservable

Inputs (Level 3)

83 1 1516





45


December 3 1 2 0 1 4 and 2 0 1 3














Loans Held For Sale


46

Loans


D ecember 3 1 2 0 1 4 a n d 2 0 1 3




Deposits









4 7


December 3 1 2 0 1 4 and 20 1 3



General Litigation









48

Lines of Credit


December 3 1 2 0 1 4 a n d 2 0 1 3








49


100



100





I

100



Reinbeck IA 1H 1 if



























FR Y-6













Inc 1 553 of common


1) 2) (3)(a)



FR Y-6



3)(b) 3)(c)



4Hal (4)(b) (4)(cl




1 ) 2) 13lal


FR Y-6



3)(b) (3lcl


(4)(a) (4)(b) 4Hcl



None None


( 1 ) 2) (3)(a)


FR Y-6



3)(b) 3)(c)




4)a) 4)b) 4)(c)





1) 2) (3)a)


FR Y-6



3)(b) (3)(c)



4)(a) (4)(b) 4)(c)



in partnership)

1) 2) 3)(a)



FR Y-6



3)(b) 3)(c)


4)(a) (4)(b) 4Hcl



1 ) 2) (3)(a)




FR Y-6



3)(b) (3)(c)



14)(a) (4)(b) 4)(c)




1) 2) 3)(a)




department store

FR Y-6



(3)(b) 3)(c)



4)(a) 4)(b) (4)(c)




1) (2) 3)(a)




Savings Bank

FR Y-6



(3)(b) (3)(c)



4(a 4(b (4(c)




(1 ) 2) 3)(a)





FR Y-6



3)(b) 3Hcl


NA NA

NA NA

4)(a) (4)(b) 4)(c)





FR Y-6 Cover Page






_ I

Agricultural







$ 73198803 $ 77508288 $ 41 961660 $ 178656731 137045 1 768952

39981 7509 2787500 259568 4324221 3759153

$ 73238784 $ 77515797 $ 49210426 $ 184444404

Consumer Consumer


$ 76078839 $ 7190047 2081061 33665

$ 78159900 $ 72237 12

Total

$371325482 1905997 3094558 8083374

$384409411

Total

$ 83268886 2 1 14726

$ 85383612




201 4

Total Loans gt 90


$ $ $ $ $ $ 86305726 $ 86305726


Commercial 1 14872 215674 209419 114717 654682 64409641 65064323




Total $ 1974017 $ 1225836 $ 289068 $ 1268850 $ 4757771 $ 598576030 $ 603333801

25

Agricultural


December 3 1 2 0 1 4 and 201 3

2013

Total Loans gt 90


$ $ $ $ $


$ 73238784 $ 73238784


Commercial 280097 204740 181053 560438 1226328 47984098 49210426




Total $ 2392083 $ 533251 $ 956619 $ 1458277 $ 5340230 $ 464452 793 $ 469793023



2 6


December 3 1 2 0 1 4 and 2 0 1 3

2014

Average

Unpaid Investment




Agricultural 59570 59570 8935 57 1 16


Commercial 2632956 2712541 408336 767738






2013

Average

Unpaid Investment




allovance

Commercial $ 40000 $ 70162 $ $ 70427





Commercial 6897889 6980003 1 052013 5629646





Total


Commercial 6937889 7050165 1052013 5700073




Interest

Income

Recognized

2558

747

32385

333654

40067

1863

4 1 1 274

Interest

Income

Recognized

$ 7747

$ 7747

321474

60279

58591

440344

329221

60279

58591

$ 448091


27

Interest

Income

Cash

Basis

4746

1515

39332

344178

5 1 977

2848

444596

Interest

Income

Cash

Basis

$ 2415

$ 2415

7337

10657

256840

60577

3354 1 1

7337

13072

256840

60577

$ 337826


December 3 1 20 1 4 and 2 0 1 3







N umber of TD Rs

1

4

6

N u m ber of TD Rs

1

2



$ 17664 $ 17664 $ 25368 $ 25368

1293527 1293527

$ 1336559 $ 1336559



$ 121968 $ 121 968

731 1 5 73 1 15

$ 195083 $ 1 95083


28

N ote 5


D ecember 3 1 2 0 1 4 and 2 0 1 3



2014





2013

$ 2648835 13644840 1 7594719

33888394 18138560

$ 15 749834


Fair Value Hedges



29


Decem ber 3 1 2 0 1 4 and 2 0 1 3







Fa i r Value Hedges

Interest rate swap

Cash Flow Hedges






(18196) $ 27550



30







$ 15000000 $ (355929)

2013




$ 15000000 $ 488578

N ote 7 G oodwill



Goodvill 19791321 1 976$321



3 1

I

N ote 8


Decem ber 3 1 2 0 1 4 and 201 3




2015 $ 14483083 1 2016 32838389 2017 3674206 2018 2441 696 2019 3261275 Thereafter 4433000

$ 191479397



32


December 3 1 2 0 1 4 and 2 0 1 3







Weighted

Average

Interest

Rate at Year End

NIA 044 217 217 275 1 60 1 37

2014

Balance Due

$ 52355406

3 63195 371155

10379290 5387603

25539635

94396284

(2921424)

$ 91474860

2013

Weighted

Average

Interest


040 $ 3 0347783 066 15355406 2 17 3 63 195 217 371155 277 1 0379290 1 60 5387603 1 41 25539634

87744066

(3403844)

$ 84340222



33


D ecember 3 1 2 0 1 4 and 2 0 1 3



2 0 1 4 2013


Net of Tax Amount $ 1556862 $ (255687)





2014

$ 637085 (237633)

$ 399452



$ (4853)

34


December 3 1 2 0 1 4 and 2 0 1 3



2014






$ 5000000

2 0 1 3

$ 1 385417

522002

490059

$ 2397478


35


December 3 1 2 0 1 4 and 20 1 3





201 4 20 1 3




36


D ecember 3 1 2 0 1 4 and 201 3


2 0 1 4 201 3








20 1 4 201 3

Deferred tax assets



Other 161 216 121098



4 126343 3822039





Goodvvill 3127366 2823561



5649484 4424406


37


December 3 1 2 0 1 4 and 2 0 1 3





38


December 3 1 2 0 1 4 and 2 0 1 3


















39


December 3 1 2 0 1 4 a n d 20 1 3











40


D ecember 3 1 20 1 4 a n d 201 3








4 1


December 3 1 2 0 1 4 a n d 2 0 1 3


Allocated shares



Ending ESOP shares


2014

2575

75

759

3409

3098238

20 1 3

2648

56

473

3 177

$ 1 8 1 1 590







42


December 3 1 2 0 1 4 and 2 0 1 3









Fair Value

$ 24578999

85 1 1 983

26022339 68464005

(53 125 1)

Fair Value

$ 25804500

941871 1

40582910 72988946

488578 (599974)

$

$


Quoted

Prices in

Active Significant



$ 24578999 $

851 1983

26022339 68464005

(53 1251)


Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

43

Significant

Other

Observable

Inputs (Level 2)

$ 25804500

94187 1 1

40582910 72988946

488578 (599974)

$

Sign ificant

Unobservable

I n puts (Level 3)


December 3 1 2 0 1 4 a n d 2 0 1 3








Fair Valu e



Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

44

$

Significant

Other

Observable I nputs

(Level 2)

2013

$

Significant


Level 3)

8561288


December 3 1 2 0 1 4 and 201 3


Fair Value


Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

$

Significant

Other

Observable

I nputs (Level 2)

$

Significant

U nobservable

Inputs (Level 3)

83 1 1516





45


December 3 1 2 0 1 4 and 2 0 1 3














Loans Held For Sale


46

Loans


D ecember 3 1 2 0 1 4 a n d 2 0 1 3




Deposits









4 7


December 3 1 2 0 1 4 and 20 1 3



General Litigation









48

Lines of Credit


December 3 1 2 0 1 4 a n d 2 0 1 3








49


100



100





I

100



Reinbeck IA 1H 1 if



























FR Y-6













Inc 1 553 of common


1) 2) (3)(a)



FR Y-6



3)(b) 3)(c)



4Hal (4)(b) (4)(cl




1 ) 2) 13lal


FR Y-6



3)(b) (3lcl


(4)(a) (4)(b) 4Hcl



None None


( 1 ) 2) (3)(a)


FR Y-6



3)(b) 3)(c)




4)a) 4)b) 4)(c)





1) 2) (3)a)


FR Y-6



3)(b) (3)(c)



4)(a) (4)(b) 4)(c)



in partnership)

1) 2) 3)(a)



FR Y-6



3)(b) 3)(c)


4)(a) (4)(b) 4Hcl



1 ) 2) (3)(a)




FR Y-6



3)(b) (3)(c)



14)(a) (4)(b) 4)(c)




1) 2) 3)(a)




department store

FR Y-6



(3)(b) 3)(c)



4)(a) 4)(b) (4)(c)




1) (2) 3)(a)




Savings Bank

FR Y-6



(3)(b) (3)(c)



4(a 4(b (4(c)




(1 ) 2) 3)(a)





FR Y-6



3)(b) 3Hcl


NA NA

NA NA

4)(a) (4)(b) 4)(c)





FR Y-6 Cover Page






Agricultural


December 3 1 2 0 1 4 and 201 3

2013

Total Loans gt 90


$ $ $ $ $


$ 73238784 $ 73238784


Commercial 280097 204740 181053 560438 1226328 47984098 49210426




Total $ 2392083 $ 533251 $ 956619 $ 1458277 $ 5340230 $ 464452 793 $ 469793023



2 6


December 3 1 2 0 1 4 and 2 0 1 3

2014

Average

Unpaid Investment




Agricultural 59570 59570 8935 57 1 16


Commercial 2632956 2712541 408336 767738






2013

Average

Unpaid Investment




allovance

Commercial $ 40000 $ 70162 $ $ 70427





Commercial 6897889 6980003 1 052013 5629646





Total


Commercial 6937889 7050165 1052013 5700073




Interest

Income

Recognized

2558

747

32385

333654

40067

1863

4 1 1 274

Interest

Income

Recognized

$ 7747

$ 7747

321474

60279

58591

440344

329221

60279

58591

$ 448091


27

Interest

Income

Cash

Basis

4746

1515

39332

344178

5 1 977

2848

444596

Interest

Income

Cash

Basis

$ 2415

$ 2415

7337

10657

256840

60577

3354 1 1

7337

13072

256840

60577

$ 337826


December 3 1 20 1 4 and 2 0 1 3







N umber of TD Rs

1

4

6

N u m ber of TD Rs

1

2



$ 17664 $ 17664 $ 25368 $ 25368

1293527 1293527

$ 1336559 $ 1336559



$ 121968 $ 121 968

731 1 5 73 1 15

$ 195083 $ 1 95083


28

N ote 5


D ecember 3 1 2 0 1 4 and 2 0 1 3



2014





2013

$ 2648835 13644840 1 7594719

33888394 18138560

$ 15 749834


Fair Value Hedges



29


Decem ber 3 1 2 0 1 4 and 2 0 1 3







Fa i r Value Hedges

Interest rate swap

Cash Flow Hedges






(18196) $ 27550



30







$ 15000000 $ (355929)

2013




$ 15000000 $ 488578

N ote 7 G oodwill



Goodvill 19791321 1 976$321



3 1

I

N ote 8


Decem ber 3 1 2 0 1 4 and 201 3




2015 $ 14483083 1 2016 32838389 2017 3674206 2018 2441 696 2019 3261275 Thereafter 4433000

$ 191479397



32


December 3 1 2 0 1 4 and 2 0 1 3







Weighted

Average

Interest

Rate at Year End

NIA 044 217 217 275 1 60 1 37

2014

Balance Due

$ 52355406

3 63195 371155

10379290 5387603

25539635

94396284

(2921424)

$ 91474860

2013

Weighted

Average

Interest


040 $ 3 0347783 066 15355406 2 17 3 63 195 217 371155 277 1 0379290 1 60 5387603 1 41 25539634

87744066

(3403844)

$ 84340222



33


D ecember 3 1 2 0 1 4 and 2 0 1 3



2 0 1 4 2013


Net of Tax Amount $ 1556862 $ (255687)





2014

$ 637085 (237633)

$ 399452



$ (4853)

34


December 3 1 2 0 1 4 and 2 0 1 3



2014






$ 5000000

2 0 1 3

$ 1 385417

522002

490059

$ 2397478


35


December 3 1 2 0 1 4 and 20 1 3





201 4 20 1 3




36


D ecember 3 1 2 0 1 4 and 201 3


2 0 1 4 201 3








20 1 4 201 3

Deferred tax assets



Other 161 216 121098



4 126343 3822039





Goodvvill 3127366 2823561



5649484 4424406


37


December 3 1 2 0 1 4 and 2 0 1 3





38


December 3 1 2 0 1 4 and 2 0 1 3


















39


December 3 1 2 0 1 4 a n d 20 1 3











40


D ecember 3 1 20 1 4 a n d 201 3








4 1


December 3 1 2 0 1 4 a n d 2 0 1 3


Allocated shares



Ending ESOP shares


2014

2575

75

759

3409

3098238

20 1 3

2648

56

473

3 177

$ 1 8 1 1 590







42


December 3 1 2 0 1 4 and 2 0 1 3









Fair Value

$ 24578999

85 1 1 983

26022339 68464005

(53 125 1)

Fair Value

$ 25804500

941871 1

40582910 72988946

488578 (599974)

$

$


Quoted

Prices in

Active Significant



$ 24578999 $

851 1983

26022339 68464005

(53 1251)


Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

43

Significant

Other

Observable

Inputs (Level 2)

$ 25804500

94187 1 1

40582910 72988946

488578 (599974)

$

Sign ificant

Unobservable

I n puts (Level 3)


December 3 1 2 0 1 4 a n d 2 0 1 3








Fair Valu e



Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

44

$

Significant

Other

Observable I nputs

(Level 2)

2013

$

Significant


Level 3)

8561288


December 3 1 2 0 1 4 and 201 3


Fair Value


Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

$

Significant

Other

Observable

I nputs (Level 2)

$

Significant

U nobservable

Inputs (Level 3)

83 1 1516





45


December 3 1 2 0 1 4 and 2 0 1 3














Loans Held For Sale


46

Loans


D ecember 3 1 2 0 1 4 a n d 2 0 1 3




Deposits









4 7


December 3 1 2 0 1 4 and 20 1 3



General Litigation









48

Lines of Credit


December 3 1 2 0 1 4 a n d 2 0 1 3








49


100



100





I

100



Reinbeck IA 1H 1 if



























FR Y-6













Inc 1 553 of common


1) 2) (3)(a)



FR Y-6



3)(b) 3)(c)



4Hal (4)(b) (4)(cl




1 ) 2) 13lal


FR Y-6



3)(b) (3lcl


(4)(a) (4)(b) 4Hcl



None None


( 1 ) 2) (3)(a)


FR Y-6



3)(b) 3)(c)




4)a) 4)b) 4)(c)





1) 2) (3)a)


FR Y-6



3)(b) (3)(c)



4)(a) (4)(b) 4)(c)



in partnership)

1) 2) 3)(a)



FR Y-6



3)(b) 3)(c)


4)(a) (4)(b) 4Hcl



1 ) 2) (3)(a)




FR Y-6



3)(b) (3)(c)



14)(a) (4)(b) 4)(c)




1) 2) 3)(a)




department store

FR Y-6



(3)(b) 3)(c)



4)(a) 4)(b) (4)(c)




1) (2) 3)(a)




Savings Bank

FR Y-6



(3)(b) (3)(c)



4(a 4(b (4(c)




(1 ) 2) 3)(a)





FR Y-6



3)(b) 3Hcl


NA NA

NA NA

4)(a) (4)(b) 4)(c)





FR Y-6 Cover Page







December 3 1 2 0 1 4 and 2 0 1 3

2014

Average

Unpaid Investment




Agricultural 59570 59570 8935 57 1 16


Commercial 2632956 2712541 408336 767738






2013

Average

Unpaid Investment




allovance

Commercial $ 40000 $ 70162 $ $ 70427





Commercial 6897889 6980003 1 052013 5629646





Total


Commercial 6937889 7050165 1052013 5700073




Interest

Income

Recognized

2558

747

32385

333654

40067

1863

4 1 1 274

Interest

Income

Recognized

$ 7747

$ 7747

321474

60279

58591

440344

329221

60279

58591

$ 448091


27

Interest

Income

Cash

Basis

4746

1515

39332

344178

5 1 977

2848

444596

Interest

Income

Cash

Basis

$ 2415

$ 2415

7337

10657

256840

60577

3354 1 1

7337

13072

256840

60577

$ 337826


December 3 1 20 1 4 and 2 0 1 3







N umber of TD Rs

1

4

6

N u m ber of TD Rs

1

2



$ 17664 $ 17664 $ 25368 $ 25368

1293527 1293527

$ 1336559 $ 1336559



$ 121968 $ 121 968

731 1 5 73 1 15

$ 195083 $ 1 95083


28

N ote 5


D ecember 3 1 2 0 1 4 and 2 0 1 3



2014





2013

$ 2648835 13644840 1 7594719

33888394 18138560

$ 15 749834


Fair Value Hedges



29


Decem ber 3 1 2 0 1 4 and 2 0 1 3







Fa i r Value Hedges

Interest rate swap

Cash Flow Hedges






(18196) $ 27550



30







$ 15000000 $ (355929)

2013




$ 15000000 $ 488578

N ote 7 G oodwill



Goodvill 19791321 1 976$321



3 1

I

N ote 8


Decem ber 3 1 2 0 1 4 and 201 3




2015 $ 14483083 1 2016 32838389 2017 3674206 2018 2441 696 2019 3261275 Thereafter 4433000

$ 191479397



32


December 3 1 2 0 1 4 and 2 0 1 3







Weighted

Average

Interest

Rate at Year End

NIA 044 217 217 275 1 60 1 37

2014

Balance Due

$ 52355406

3 63195 371155

10379290 5387603

25539635

94396284

(2921424)

$ 91474860

2013

Weighted

Average

Interest


040 $ 3 0347783 066 15355406 2 17 3 63 195 217 371155 277 1 0379290 1 60 5387603 1 41 25539634

87744066

(3403844)

$ 84340222



33


D ecember 3 1 2 0 1 4 and 2 0 1 3



2 0 1 4 2013


Net of Tax Amount $ 1556862 $ (255687)





2014

$ 637085 (237633)

$ 399452



$ (4853)

34


December 3 1 2 0 1 4 and 2 0 1 3



2014






$ 5000000

2 0 1 3

$ 1 385417

522002

490059

$ 2397478


35


December 3 1 2 0 1 4 and 20 1 3





201 4 20 1 3




36


D ecember 3 1 2 0 1 4 and 201 3


2 0 1 4 201 3








20 1 4 201 3

Deferred tax assets



Other 161 216 121098



4 126343 3822039





Goodvvill 3127366 2823561



5649484 4424406


37


December 3 1 2 0 1 4 and 2 0 1 3





38


December 3 1 2 0 1 4 and 2 0 1 3


















39


December 3 1 2 0 1 4 a n d 20 1 3











40


D ecember 3 1 20 1 4 a n d 201 3








4 1


December 3 1 2 0 1 4 a n d 2 0 1 3


Allocated shares



Ending ESOP shares


2014

2575

75

759

3409

3098238

20 1 3

2648

56

473

3 177

$ 1 8 1 1 590







42


December 3 1 2 0 1 4 and 2 0 1 3









Fair Value

$ 24578999

85 1 1 983

26022339 68464005

(53 125 1)

Fair Value

$ 25804500

941871 1

40582910 72988946

488578 (599974)

$

$


Quoted

Prices in

Active Significant



$ 24578999 $

851 1983

26022339 68464005

(53 1251)


Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

43

Significant

Other

Observable

Inputs (Level 2)

$ 25804500

94187 1 1

40582910 72988946

488578 (599974)

$

Sign ificant

Unobservable

I n puts (Level 3)


December 3 1 2 0 1 4 a n d 2 0 1 3








Fair Valu e



Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

44

$

Significant

Other

Observable I nputs

(Level 2)

2013

$

Significant


Level 3)

8561288


December 3 1 2 0 1 4 and 201 3


Fair Value


Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

$

Significant

Other

Observable

I nputs (Level 2)

$

Significant

U nobservable

Inputs (Level 3)

83 1 1516





45


December 3 1 2 0 1 4 and 2 0 1 3














Loans Held For Sale


46

Loans


D ecember 3 1 2 0 1 4 a n d 2 0 1 3




Deposits









4 7


December 3 1 2 0 1 4 and 20 1 3



General Litigation









48

Lines of Credit


December 3 1 2 0 1 4 a n d 2 0 1 3








49


100



100





I

100



Reinbeck IA 1H 1 if



























FR Y-6













Inc 1 553 of common


1) 2) (3)(a)



FR Y-6



3)(b) 3)(c)



4Hal (4)(b) (4)(cl




1 ) 2) 13lal


FR Y-6



3)(b) (3lcl


(4)(a) (4)(b) 4Hcl



None None


( 1 ) 2) (3)(a)


FR Y-6



3)(b) 3)(c)




4)a) 4)b) 4)(c)





1) 2) (3)a)


FR Y-6



3)(b) (3)(c)



4)(a) (4)(b) 4)(c)



in partnership)

1) 2) 3)(a)



FR Y-6



3)(b) 3)(c)


4)(a) (4)(b) 4Hcl



1 ) 2) (3)(a)




FR Y-6



3)(b) (3)(c)



14)(a) (4)(b) 4)(c)




1) 2) 3)(a)




department store

FR Y-6



(3)(b) 3)(c)



4)(a) 4)(b) (4)(c)




1) (2) 3)(a)




Savings Bank

FR Y-6



(3)(b) (3)(c)



4(a 4(b (4(c)




(1 ) 2) 3)(a)





FR Y-6



3)(b) 3Hcl


NA NA

NA NA

4)(a) (4)(b) 4)(c)





FR Y-6 Cover Page







December 3 1 20 1 4 and 2 0 1 3







N umber of TD Rs

1

4

6

N u m ber of TD Rs

1

2



$ 17664 $ 17664 $ 25368 $ 25368

1293527 1293527

$ 1336559 $ 1336559



$ 121968 $ 121 968

731 1 5 73 1 15

$ 195083 $ 1 95083


28

N ote 5


D ecember 3 1 2 0 1 4 and 2 0 1 3



2014





2013

$ 2648835 13644840 1 7594719

33888394 18138560

$ 15 749834


Fair Value Hedges



29


Decem ber 3 1 2 0 1 4 and 2 0 1 3







Fa i r Value Hedges

Interest rate swap

Cash Flow Hedges






(18196) $ 27550



30







$ 15000000 $ (355929)

2013




$ 15000000 $ 488578

N ote 7 G oodwill



Goodvill 19791321 1 976$321



3 1

I

N ote 8


Decem ber 3 1 2 0 1 4 and 201 3




2015 $ 14483083 1 2016 32838389 2017 3674206 2018 2441 696 2019 3261275 Thereafter 4433000

$ 191479397



32


December 3 1 2 0 1 4 and 2 0 1 3







Weighted

Average

Interest

Rate at Year End

NIA 044 217 217 275 1 60 1 37

2014

Balance Due

$ 52355406

3 63195 371155

10379290 5387603

25539635

94396284

(2921424)

$ 91474860

2013

Weighted

Average

Interest


040 $ 3 0347783 066 15355406 2 17 3 63 195 217 371155 277 1 0379290 1 60 5387603 1 41 25539634

87744066

(3403844)

$ 84340222



33


D ecember 3 1 2 0 1 4 and 2 0 1 3



2 0 1 4 2013


Net of Tax Amount $ 1556862 $ (255687)





2014

$ 637085 (237633)

$ 399452



$ (4853)

34


December 3 1 2 0 1 4 and 2 0 1 3



2014






$ 5000000

2 0 1 3

$ 1 385417

522002

490059

$ 2397478


35


December 3 1 2 0 1 4 and 20 1 3





201 4 20 1 3




36


D ecember 3 1 2 0 1 4 and 201 3


2 0 1 4 201 3








20 1 4 201 3

Deferred tax assets



Other 161 216 121098



4 126343 3822039





Goodvvill 3127366 2823561



5649484 4424406


37


December 3 1 2 0 1 4 and 2 0 1 3





38


December 3 1 2 0 1 4 and 2 0 1 3


















39


December 3 1 2 0 1 4 a n d 20 1 3











40


D ecember 3 1 20 1 4 a n d 201 3








4 1


December 3 1 2 0 1 4 a n d 2 0 1 3


Allocated shares



Ending ESOP shares


2014

2575

75

759

3409

3098238

20 1 3

2648

56

473

3 177

$ 1 8 1 1 590







42


December 3 1 2 0 1 4 and 2 0 1 3









Fair Value

$ 24578999

85 1 1 983

26022339 68464005

(53 125 1)

Fair Value

$ 25804500

941871 1

40582910 72988946

488578 (599974)

$

$


Quoted

Prices in

Active Significant



$ 24578999 $

851 1983

26022339 68464005

(53 1251)


Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

43

Significant

Other

Observable

Inputs (Level 2)

$ 25804500

94187 1 1

40582910 72988946

488578 (599974)

$

Sign ificant

Unobservable

I n puts (Level 3)


December 3 1 2 0 1 4 a n d 2 0 1 3








Fair Valu e



Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

44

$

Significant

Other

Observable I nputs

(Level 2)

2013

$

Significant


Level 3)

8561288


December 3 1 2 0 1 4 and 201 3


Fair Value


Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

$

Significant

Other

Observable

I nputs (Level 2)

$

Significant

U nobservable

Inputs (Level 3)

83 1 1516





45


December 3 1 2 0 1 4 and 2 0 1 3














Loans Held For Sale


46

Loans


D ecember 3 1 2 0 1 4 a n d 2 0 1 3




Deposits









4 7


December 3 1 2 0 1 4 and 20 1 3



General Litigation









48

Lines of Credit


December 3 1 2 0 1 4 a n d 2 0 1 3








49


100



100





I

100



Reinbeck IA 1H 1 if



























FR Y-6













Inc 1 553 of common


1) 2) (3)(a)



FR Y-6



3)(b) 3)(c)



4Hal (4)(b) (4)(cl




1 ) 2) 13lal


FR Y-6



3)(b) (3lcl


(4)(a) (4)(b) 4Hcl



None None


( 1 ) 2) (3)(a)


FR Y-6



3)(b) 3)(c)




4)a) 4)b) 4)(c)





1) 2) (3)a)


FR Y-6



3)(b) (3)(c)



4)(a) (4)(b) 4)(c)



in partnership)

1) 2) 3)(a)



FR Y-6



3)(b) 3)(c)


4)(a) (4)(b) 4Hcl



1 ) 2) (3)(a)




FR Y-6



3)(b) (3)(c)



14)(a) (4)(b) 4)(c)




1) 2) 3)(a)




department store

FR Y-6



(3)(b) 3)(c)



4)(a) 4)(b) (4)(c)




1) (2) 3)(a)




Savings Bank

FR Y-6



(3)(b) (3)(c)



4(a 4(b (4(c)




(1 ) 2) 3)(a)





FR Y-6



3)(b) 3Hcl


NA NA

NA NA

4)(a) (4)(b) 4)(c)





FR Y-6 Cover Page






N ote 5


D ecember 3 1 2 0 1 4 and 2 0 1 3



2014





2013

$ 2648835 13644840 1 7594719

33888394 18138560

$ 15 749834


Fair Value Hedges



29


Decem ber 3 1 2 0 1 4 and 2 0 1 3







Fa i r Value Hedges

Interest rate swap

Cash Flow Hedges






(18196) $ 27550



30







$ 15000000 $ (355929)

2013




$ 15000000 $ 488578

N ote 7 G oodwill



Goodvill 19791321 1 976$321



3 1

I

N ote 8


Decem ber 3 1 2 0 1 4 and 201 3




2015 $ 14483083 1 2016 32838389 2017 3674206 2018 2441 696 2019 3261275 Thereafter 4433000

$ 191479397



32


December 3 1 2 0 1 4 and 2 0 1 3







Weighted

Average

Interest

Rate at Year End

NIA 044 217 217 275 1 60 1 37

2014

Balance Due

$ 52355406

3 63195 371155

10379290 5387603

25539635

94396284

(2921424)

$ 91474860

2013

Weighted

Average

Interest


040 $ 3 0347783 066 15355406 2 17 3 63 195 217 371155 277 1 0379290 1 60 5387603 1 41 25539634

87744066

(3403844)

$ 84340222



33


D ecember 3 1 2 0 1 4 and 2 0 1 3



2 0 1 4 2013


Net of Tax Amount $ 1556862 $ (255687)





2014

$ 637085 (237633)

$ 399452



$ (4853)

34


December 3 1 2 0 1 4 and 2 0 1 3



2014






$ 5000000

2 0 1 3

$ 1 385417

522002

490059

$ 2397478


35


December 3 1 2 0 1 4 and 20 1 3





201 4 20 1 3




36


D ecember 3 1 2 0 1 4 and 201 3


2 0 1 4 201 3








20 1 4 201 3

Deferred tax assets



Other 161 216 121098



4 126343 3822039





Goodvvill 3127366 2823561



5649484 4424406


37


December 3 1 2 0 1 4 and 2 0 1 3





38


December 3 1 2 0 1 4 and 2 0 1 3


















39


December 3 1 2 0 1 4 a n d 20 1 3











40


D ecember 3 1 20 1 4 a n d 201 3








4 1


December 3 1 2 0 1 4 a n d 2 0 1 3


Allocated shares



Ending ESOP shares


2014

2575

75

759

3409

3098238

20 1 3

2648

56

473

3 177

$ 1 8 1 1 590







42


December 3 1 2 0 1 4 and 2 0 1 3









Fair Value

$ 24578999

85 1 1 983

26022339 68464005

(53 125 1)

Fair Value

$ 25804500

941871 1

40582910 72988946

488578 (599974)

$

$


Quoted

Prices in

Active Significant



$ 24578999 $

851 1983

26022339 68464005

(53 1251)


Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

43

Significant

Other

Observable

Inputs (Level 2)

$ 25804500

94187 1 1

40582910 72988946

488578 (599974)

$

Sign ificant

Unobservable

I n puts (Level 3)


December 3 1 2 0 1 4 a n d 2 0 1 3








Fair Valu e



Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

44

$

Significant

Other

Observable I nputs

(Level 2)

2013

$

Significant


Level 3)

8561288


December 3 1 2 0 1 4 and 201 3


Fair Value


Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

$

Significant

Other

Observable

I nputs (Level 2)

$

Significant

U nobservable

Inputs (Level 3)

83 1 1516





45


December 3 1 2 0 1 4 and 2 0 1 3














Loans Held For Sale


46

Loans


D ecember 3 1 2 0 1 4 a n d 2 0 1 3




Deposits









4 7


December 3 1 2 0 1 4 and 20 1 3



General Litigation









48

Lines of Credit


December 3 1 2 0 1 4 a n d 2 0 1 3








49


100



100





I

100



Reinbeck IA 1H 1 if



























FR Y-6













Inc 1 553 of common


1) 2) (3)(a)



FR Y-6



3)(b) 3)(c)



4Hal (4)(b) (4)(cl




1 ) 2) 13lal


FR Y-6



3)(b) (3lcl


(4)(a) (4)(b) 4Hcl



None None


( 1 ) 2) (3)(a)


FR Y-6



3)(b) 3)(c)




4)a) 4)b) 4)(c)





1) 2) (3)a)


FR Y-6



3)(b) (3)(c)



4)(a) (4)(b) 4)(c)



in partnership)

1) 2) 3)(a)



FR Y-6



3)(b) 3)(c)


4)(a) (4)(b) 4Hcl



1 ) 2) (3)(a)




FR Y-6



3)(b) (3)(c)



14)(a) (4)(b) 4)(c)




1) 2) 3)(a)




department store

FR Y-6



(3)(b) 3)(c)



4)(a) 4)(b) (4)(c)




1) (2) 3)(a)




Savings Bank

FR Y-6



(3)(b) (3)(c)



4(a 4(b (4(c)




(1 ) 2) 3)(a)





FR Y-6



3)(b) 3Hcl


NA NA

NA NA

4)(a) (4)(b) 4)(c)





FR Y-6 Cover Page







Decem ber 3 1 2 0 1 4 and 2 0 1 3







Fa i r Value Hedges

Interest rate swap

Cash Flow Hedges






(18196) $ 27550



30







$ 15000000 $ (355929)

2013




$ 15000000 $ 488578

N ote 7 G oodwill



Goodvill 19791321 1 976$321



3 1

I

N ote 8


Decem ber 3 1 2 0 1 4 and 201 3




2015 $ 14483083 1 2016 32838389 2017 3674206 2018 2441 696 2019 3261275 Thereafter 4433000

$ 191479397



32


December 3 1 2 0 1 4 and 2 0 1 3







Weighted

Average

Interest

Rate at Year End

NIA 044 217 217 275 1 60 1 37

2014

Balance Due

$ 52355406

3 63195 371155

10379290 5387603

25539635

94396284

(2921424)

$ 91474860

2013

Weighted

Average

Interest


040 $ 3 0347783 066 15355406 2 17 3 63 195 217 371155 277 1 0379290 1 60 5387603 1 41 25539634

87744066

(3403844)

$ 84340222



33


D ecember 3 1 2 0 1 4 and 2 0 1 3



2 0 1 4 2013


Net of Tax Amount $ 1556862 $ (255687)





2014

$ 637085 (237633)

$ 399452



$ (4853)

34


December 3 1 2 0 1 4 and 2 0 1 3



2014






$ 5000000

2 0 1 3

$ 1 385417

522002

490059

$ 2397478


35


December 3 1 2 0 1 4 and 20 1 3





201 4 20 1 3




36


D ecember 3 1 2 0 1 4 and 201 3


2 0 1 4 201 3








20 1 4 201 3

Deferred tax assets



Other 161 216 121098



4 126343 3822039





Goodvvill 3127366 2823561



5649484 4424406


37


December 3 1 2 0 1 4 and 2 0 1 3





38


December 3 1 2 0 1 4 and 2 0 1 3


















39


December 3 1 2 0 1 4 a n d 20 1 3











40


D ecember 3 1 20 1 4 a n d 201 3








4 1


December 3 1 2 0 1 4 a n d 2 0 1 3


Allocated shares



Ending ESOP shares


2014

2575

75

759

3409

3098238

20 1 3

2648

56

473

3 177

$ 1 8 1 1 590







42


December 3 1 2 0 1 4 and 2 0 1 3









Fair Value

$ 24578999

85 1 1 983

26022339 68464005

(53 125 1)

Fair Value

$ 25804500

941871 1

40582910 72988946

488578 (599974)

$

$


Quoted

Prices in

Active Significant



$ 24578999 $

851 1983

26022339 68464005

(53 1251)


Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

43

Significant

Other

Observable

Inputs (Level 2)

$ 25804500

94187 1 1

40582910 72988946

488578 (599974)

$

Sign ificant

Unobservable

I n puts (Level 3)


December 3 1 2 0 1 4 a n d 2 0 1 3








Fair Valu e



Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

44

$

Significant

Other

Observable I nputs

(Level 2)

2013

$

Significant


Level 3)

8561288


December 3 1 2 0 1 4 and 201 3


Fair Value


Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

$

Significant

Other

Observable

I nputs (Level 2)

$

Significant

U nobservable

Inputs (Level 3)

83 1 1516





45


December 3 1 2 0 1 4 and 2 0 1 3














Loans Held For Sale


46

Loans


D ecember 3 1 2 0 1 4 a n d 2 0 1 3




Deposits









4 7


December 3 1 2 0 1 4 and 20 1 3



General Litigation









48

Lines of Credit


December 3 1 2 0 1 4 a n d 2 0 1 3








49


100



100





I

100



Reinbeck IA 1H 1 if



























FR Y-6













Inc 1 553 of common


1) 2) (3)(a)



FR Y-6



3)(b) 3)(c)



4Hal (4)(b) (4)(cl




1 ) 2) 13lal


FR Y-6



3)(b) (3lcl


(4)(a) (4)(b) 4Hcl



None None


( 1 ) 2) (3)(a)


FR Y-6



3)(b) 3)(c)




4)a) 4)b) 4)(c)





1) 2) (3)a)


FR Y-6



3)(b) (3)(c)



4)(a) (4)(b) 4)(c)



in partnership)

1) 2) 3)(a)



FR Y-6



3)(b) 3)(c)


4)(a) (4)(b) 4Hcl



1 ) 2) (3)(a)




FR Y-6



3)(b) (3)(c)



14)(a) (4)(b) 4)(c)




1) 2) 3)(a)




department store

FR Y-6



(3)(b) 3)(c)



4)(a) 4)(b) (4)(c)




1) (2) 3)(a)




Savings Bank

FR Y-6



(3)(b) (3)(c)



4(a 4(b (4(c)




(1 ) 2) 3)(a)





FR Y-6



3)(b) 3Hcl


NA NA

NA NA

4)(a) (4)(b) 4)(c)





FR Y-6 Cover Page












$ 15000000 $ (355929)

2013




$ 15000000 $ 488578

N ote 7 G oodwill



Goodvill 19791321 1 976$321



3 1

I

N ote 8


Decem ber 3 1 2 0 1 4 and 201 3




2015 $ 14483083 1 2016 32838389 2017 3674206 2018 2441 696 2019 3261275 Thereafter 4433000

$ 191479397



32


December 3 1 2 0 1 4 and 2 0 1 3







Weighted

Average

Interest

Rate at Year End

NIA 044 217 217 275 1 60 1 37

2014

Balance Due

$ 52355406

3 63195 371155

10379290 5387603

25539635

94396284

(2921424)

$ 91474860

2013

Weighted

Average

Interest


040 $ 3 0347783 066 15355406 2 17 3 63 195 217 371155 277 1 0379290 1 60 5387603 1 41 25539634

87744066

(3403844)

$ 84340222



33


D ecember 3 1 2 0 1 4 and 2 0 1 3



2 0 1 4 2013


Net of Tax Amount $ 1556862 $ (255687)





2014

$ 637085 (237633)

$ 399452



$ (4853)

34


December 3 1 2 0 1 4 and 2 0 1 3



2014






$ 5000000

2 0 1 3

$ 1 385417

522002

490059

$ 2397478


35


December 3 1 2 0 1 4 and 20 1 3





201 4 20 1 3




36


D ecember 3 1 2 0 1 4 and 201 3


2 0 1 4 201 3








20 1 4 201 3

Deferred tax assets



Other 161 216 121098



4 126343 3822039





Goodvvill 3127366 2823561



5649484 4424406


37


December 3 1 2 0 1 4 and 2 0 1 3





38


December 3 1 2 0 1 4 and 2 0 1 3


















39


December 3 1 2 0 1 4 a n d 20 1 3











40


D ecember 3 1 20 1 4 a n d 201 3








4 1


December 3 1 2 0 1 4 a n d 2 0 1 3


Allocated shares



Ending ESOP shares


2014

2575

75

759

3409

3098238

20 1 3

2648

56

473

3 177

$ 1 8 1 1 590







42


December 3 1 2 0 1 4 and 2 0 1 3









Fair Value

$ 24578999

85 1 1 983

26022339 68464005

(53 125 1)

Fair Value

$ 25804500

941871 1

40582910 72988946

488578 (599974)

$

$


Quoted

Prices in

Active Significant



$ 24578999 $

851 1983

26022339 68464005

(53 1251)


Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

43

Significant

Other

Observable

Inputs (Level 2)

$ 25804500

94187 1 1

40582910 72988946

488578 (599974)

$

Sign ificant

Unobservable

I n puts (Level 3)


December 3 1 2 0 1 4 a n d 2 0 1 3








Fair Valu e



Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

44

$

Significant

Other

Observable I nputs

(Level 2)

2013

$

Significant


Level 3)

8561288


December 3 1 2 0 1 4 and 201 3


Fair Value


Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

$

Significant

Other

Observable

I nputs (Level 2)

$

Significant

U nobservable

Inputs (Level 3)

83 1 1516





45


December 3 1 2 0 1 4 and 2 0 1 3














Loans Held For Sale


46

Loans


D ecember 3 1 2 0 1 4 a n d 2 0 1 3




Deposits









4 7


December 3 1 2 0 1 4 and 20 1 3



General Litigation









48

Lines of Credit


December 3 1 2 0 1 4 a n d 2 0 1 3








49


100



100





I

100



Reinbeck IA 1H 1 if



























FR Y-6













Inc 1 553 of common


1) 2) (3)(a)



FR Y-6



3)(b) 3)(c)



4Hal (4)(b) (4)(cl




1 ) 2) 13lal


FR Y-6



3)(b) (3lcl


(4)(a) (4)(b) 4Hcl



None None


( 1 ) 2) (3)(a)


FR Y-6



3)(b) 3)(c)




4)a) 4)b) 4)(c)





1) 2) (3)a)


FR Y-6



3)(b) (3)(c)



4)(a) (4)(b) 4)(c)



in partnership)

1) 2) 3)(a)



FR Y-6



3)(b) 3)(c)


4)(a) (4)(b) 4Hcl



1 ) 2) (3)(a)




FR Y-6



3)(b) (3)(c)



14)(a) (4)(b) 4)(c)




1) 2) 3)(a)




department store

FR Y-6



(3)(b) 3)(c)



4)(a) 4)(b) (4)(c)




1) (2) 3)(a)




Savings Bank

FR Y-6



(3)(b) (3)(c)



4(a 4(b (4(c)




(1 ) 2) 3)(a)





FR Y-6



3)(b) 3Hcl


NA NA

NA NA

4)(a) (4)(b) 4)(c)





FR Y-6 Cover Page






N ote 8


Decem ber 3 1 2 0 1 4 and 201 3




2015 $ 14483083 1 2016 32838389 2017 3674206 2018 2441 696 2019 3261275 Thereafter 4433000

$ 191479397



32


December 3 1 2 0 1 4 and 2 0 1 3







Weighted

Average

Interest

Rate at Year End

NIA 044 217 217 275 1 60 1 37

2014

Balance Due

$ 52355406

3 63195 371155

10379290 5387603

25539635

94396284

(2921424)

$ 91474860

2013

Weighted

Average

Interest


040 $ 3 0347783 066 15355406 2 17 3 63 195 217 371155 277 1 0379290 1 60 5387603 1 41 25539634

87744066

(3403844)

$ 84340222



33


D ecember 3 1 2 0 1 4 and 2 0 1 3



2 0 1 4 2013


Net of Tax Amount $ 1556862 $ (255687)





2014

$ 637085 (237633)

$ 399452



$ (4853)

34


December 3 1 2 0 1 4 and 2 0 1 3



2014






$ 5000000

2 0 1 3

$ 1 385417

522002

490059

$ 2397478


35


December 3 1 2 0 1 4 and 20 1 3





201 4 20 1 3




36


D ecember 3 1 2 0 1 4 and 201 3


2 0 1 4 201 3








20 1 4 201 3

Deferred tax assets



Other 161 216 121098



4 126343 3822039





Goodvvill 3127366 2823561



5649484 4424406


37


December 3 1 2 0 1 4 and 2 0 1 3





38


December 3 1 2 0 1 4 and 2 0 1 3


















39


December 3 1 2 0 1 4 a n d 20 1 3











40


D ecember 3 1 20 1 4 a n d 201 3








4 1


December 3 1 2 0 1 4 a n d 2 0 1 3


Allocated shares



Ending ESOP shares


2014

2575

75

759

3409

3098238

20 1 3

2648

56

473

3 177

$ 1 8 1 1 590







42


December 3 1 2 0 1 4 and 2 0 1 3









Fair Value

$ 24578999

85 1 1 983

26022339 68464005

(53 125 1)

Fair Value

$ 25804500

941871 1

40582910 72988946

488578 (599974)

$

$


Quoted

Prices in

Active Significant



$ 24578999 $

851 1983

26022339 68464005

(53 1251)


Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

43

Significant

Other

Observable

Inputs (Level 2)

$ 25804500

94187 1 1

40582910 72988946

488578 (599974)

$

Sign ificant

Unobservable

I n puts (Level 3)


December 3 1 2 0 1 4 a n d 2 0 1 3








Fair Valu e



Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

44

$

Significant

Other

Observable I nputs

(Level 2)

2013

$

Significant


Level 3)

8561288


December 3 1 2 0 1 4 and 201 3


Fair Value


Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

$

Significant

Other

Observable

I nputs (Level 2)

$

Significant

U nobservable

Inputs (Level 3)

83 1 1516





45


December 3 1 2 0 1 4 and 2 0 1 3














Loans Held For Sale


46

Loans


D ecember 3 1 2 0 1 4 a n d 2 0 1 3




Deposits









4 7


December 3 1 2 0 1 4 and 20 1 3



General Litigation









48

Lines of Credit


December 3 1 2 0 1 4 a n d 2 0 1 3








49


100



100





I

100



Reinbeck IA 1H 1 if



























FR Y-6













Inc 1 553 of common


1) 2) (3)(a)



FR Y-6



3)(b) 3)(c)



4Hal (4)(b) (4)(cl




1 ) 2) 13lal


FR Y-6



3)(b) (3lcl


(4)(a) (4)(b) 4Hcl



None None


( 1 ) 2) (3)(a)


FR Y-6



3)(b) 3)(c)




4)a) 4)b) 4)(c)





1) 2) (3)a)


FR Y-6



3)(b) (3)(c)



4)(a) (4)(b) 4)(c)



in partnership)

1) 2) 3)(a)



FR Y-6



3)(b) 3)(c)


4)(a) (4)(b) 4Hcl



1 ) 2) (3)(a)




FR Y-6



3)(b) (3)(c)



14)(a) (4)(b) 4)(c)




1) 2) 3)(a)




department store

FR Y-6



(3)(b) 3)(c)



4)(a) 4)(b) (4)(c)




1) (2) 3)(a)




Savings Bank

FR Y-6



(3)(b) (3)(c)



4(a 4(b (4(c)




(1 ) 2) 3)(a)





FR Y-6



3)(b) 3Hcl


NA NA

NA NA

4)(a) (4)(b) 4)(c)





FR Y-6 Cover Page







December 3 1 2 0 1 4 and 2 0 1 3







Weighted

Average

Interest

Rate at Year End

NIA 044 217 217 275 1 60 1 37

2014

Balance Due

$ 52355406

3 63195 371155

10379290 5387603

25539635

94396284

(2921424)

$ 91474860

2013

Weighted

Average

Interest


040 $ 3 0347783 066 15355406 2 17 3 63 195 217 371155 277 1 0379290 1 60 5387603 1 41 25539634

87744066

(3403844)

$ 84340222



33


D ecember 3 1 2 0 1 4 and 2 0 1 3



2 0 1 4 2013


Net of Tax Amount $ 1556862 $ (255687)





2014

$ 637085 (237633)

$ 399452



$ (4853)

34


December 3 1 2 0 1 4 and 2 0 1 3



2014






$ 5000000

2 0 1 3

$ 1 385417

522002

490059

$ 2397478


35


December 3 1 2 0 1 4 and 20 1 3





201 4 20 1 3




36


D ecember 3 1 2 0 1 4 and 201 3


2 0 1 4 201 3








20 1 4 201 3

Deferred tax assets



Other 161 216 121098



4 126343 3822039





Goodvvill 3127366 2823561



5649484 4424406


37


December 3 1 2 0 1 4 and 2 0 1 3





38


December 3 1 2 0 1 4 and 2 0 1 3


















39


December 3 1 2 0 1 4 a n d 20 1 3











40


D ecember 3 1 20 1 4 a n d 201 3








4 1


December 3 1 2 0 1 4 a n d 2 0 1 3


Allocated shares



Ending ESOP shares


2014

2575

75

759

3409

3098238

20 1 3

2648

56

473

3 177

$ 1 8 1 1 590







42


December 3 1 2 0 1 4 and 2 0 1 3









Fair Value

$ 24578999

85 1 1 983

26022339 68464005

(53 125 1)

Fair Value

$ 25804500

941871 1

40582910 72988946

488578 (599974)

$

$


Quoted

Prices in

Active Significant



$ 24578999 $

851 1983

26022339 68464005

(53 1251)


Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

43

Significant

Other

Observable

Inputs (Level 2)

$ 25804500

94187 1 1

40582910 72988946

488578 (599974)

$

Sign ificant

Unobservable

I n puts (Level 3)


December 3 1 2 0 1 4 a n d 2 0 1 3








Fair Valu e



Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

44

$

Significant

Other

Observable I nputs

(Level 2)

2013

$

Significant


Level 3)

8561288


December 3 1 2 0 1 4 and 201 3


Fair Value


Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

$

Significant

Other

Observable

I nputs (Level 2)

$

Significant

U nobservable

Inputs (Level 3)

83 1 1516





45


December 3 1 2 0 1 4 and 2 0 1 3














Loans Held For Sale


46

Loans


D ecember 3 1 2 0 1 4 a n d 2 0 1 3




Deposits









4 7


December 3 1 2 0 1 4 and 20 1 3



General Litigation









48

Lines of Credit


December 3 1 2 0 1 4 a n d 2 0 1 3








49


100



100





I

100



Reinbeck IA 1H 1 if



























FR Y-6













Inc 1 553 of common


1) 2) (3)(a)



FR Y-6



3)(b) 3)(c)



4Hal (4)(b) (4)(cl




1 ) 2) 13lal


FR Y-6



3)(b) (3lcl


(4)(a) (4)(b) 4Hcl



None None


( 1 ) 2) (3)(a)


FR Y-6



3)(b) 3)(c)




4)a) 4)b) 4)(c)





1) 2) (3)a)


FR Y-6



3)(b) (3)(c)



4)(a) (4)(b) 4)(c)



in partnership)

1) 2) 3)(a)



FR Y-6



3)(b) 3)(c)


4)(a) (4)(b) 4Hcl



1 ) 2) (3)(a)




FR Y-6



3)(b) (3)(c)



14)(a) (4)(b) 4)(c)




1) 2) 3)(a)




department store

FR Y-6



(3)(b) 3)(c)



4)(a) 4)(b) (4)(c)




1) (2) 3)(a)




Savings Bank

FR Y-6



(3)(b) (3)(c)



4(a 4(b (4(c)




(1 ) 2) 3)(a)





FR Y-6



3)(b) 3Hcl


NA NA

NA NA

4)(a) (4)(b) 4)(c)





FR Y-6 Cover Page







D ecember 3 1 2 0 1 4 and 2 0 1 3



2 0 1 4 2013


Net of Tax Amount $ 1556862 $ (255687)





2014

$ 637085 (237633)

$ 399452



$ (4853)

34


December 3 1 2 0 1 4 and 2 0 1 3



2014






$ 5000000

2 0 1 3

$ 1 385417

522002

490059

$ 2397478


35


December 3 1 2 0 1 4 and 20 1 3





201 4 20 1 3




36


D ecember 3 1 2 0 1 4 and 201 3


2 0 1 4 201 3








20 1 4 201 3

Deferred tax assets



Other 161 216 121098



4 126343 3822039





Goodvvill 3127366 2823561



5649484 4424406


37


December 3 1 2 0 1 4 and 2 0 1 3





38


December 3 1 2 0 1 4 and 2 0 1 3


















39


December 3 1 2 0 1 4 a n d 20 1 3











40


D ecember 3 1 20 1 4 a n d 201 3








4 1


December 3 1 2 0 1 4 a n d 2 0 1 3


Allocated shares



Ending ESOP shares


2014

2575

75

759

3409

3098238

20 1 3

2648

56

473

3 177

$ 1 8 1 1 590







42


December 3 1 2 0 1 4 and 2 0 1 3









Fair Value

$ 24578999

85 1 1 983

26022339 68464005

(53 125 1)

Fair Value

$ 25804500

941871 1

40582910 72988946

488578 (599974)

$

$


Quoted

Prices in

Active Significant



$ 24578999 $

851 1983

26022339 68464005

(53 1251)


Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

43

Significant

Other

Observable

Inputs (Level 2)

$ 25804500

94187 1 1

40582910 72988946

488578 (599974)

$

Sign ificant

Unobservable

I n puts (Level 3)


December 3 1 2 0 1 4 a n d 2 0 1 3








Fair Valu e



Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

44

$

Significant

Other

Observable I nputs

(Level 2)

2013

$

Significant


Level 3)

8561288


December 3 1 2 0 1 4 and 201 3


Fair Value


Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

$

Significant

Other

Observable

I nputs (Level 2)

$

Significant

U nobservable

Inputs (Level 3)

83 1 1516





45


December 3 1 2 0 1 4 and 2 0 1 3














Loans Held For Sale


46

Loans


D ecember 3 1 2 0 1 4 a n d 2 0 1 3




Deposits









4 7


December 3 1 2 0 1 4 and 20 1 3



General Litigation









48

Lines of Credit


December 3 1 2 0 1 4 a n d 2 0 1 3








49


100



100





I

100



Reinbeck IA 1H 1 if



























FR Y-6













Inc 1 553 of common


1) 2) (3)(a)



FR Y-6



3)(b) 3)(c)



4Hal (4)(b) (4)(cl




1 ) 2) 13lal


FR Y-6



3)(b) (3lcl


(4)(a) (4)(b) 4Hcl



None None


( 1 ) 2) (3)(a)


FR Y-6



3)(b) 3)(c)




4)a) 4)b) 4)(c)





1) 2) (3)a)


FR Y-6



3)(b) (3)(c)



4)(a) (4)(b) 4)(c)



in partnership)

1) 2) 3)(a)



FR Y-6



3)(b) 3)(c)


4)(a) (4)(b) 4Hcl



1 ) 2) (3)(a)




FR Y-6



3)(b) (3)(c)



14)(a) (4)(b) 4)(c)




1) 2) 3)(a)




department store

FR Y-6



(3)(b) 3)(c)



4)(a) 4)(b) (4)(c)




1) (2) 3)(a)




Savings Bank

FR Y-6



(3)(b) (3)(c)



4(a 4(b (4(c)




(1 ) 2) 3)(a)





FR Y-6



3)(b) 3Hcl


NA NA

NA NA

4)(a) (4)(b) 4)(c)





FR Y-6 Cover Page







December 3 1 2 0 1 4 and 2 0 1 3



2014






$ 5000000

2 0 1 3

$ 1 385417

522002

490059

$ 2397478


35


December 3 1 2 0 1 4 and 20 1 3





201 4 20 1 3




36


D ecember 3 1 2 0 1 4 and 201 3


2 0 1 4 201 3








20 1 4 201 3

Deferred tax assets



Other 161 216 121098



4 126343 3822039





Goodvvill 3127366 2823561



5649484 4424406


37


December 3 1 2 0 1 4 and 2 0 1 3





38


December 3 1 2 0 1 4 and 2 0 1 3


















39


December 3 1 2 0 1 4 a n d 20 1 3











40


D ecember 3 1 20 1 4 a n d 201 3








4 1


December 3 1 2 0 1 4 a n d 2 0 1 3


Allocated shares



Ending ESOP shares


2014

2575

75

759

3409

3098238

20 1 3

2648

56

473

3 177

$ 1 8 1 1 590







42


December 3 1 2 0 1 4 and 2 0 1 3









Fair Value

$ 24578999

85 1 1 983

26022339 68464005

(53 125 1)

Fair Value

$ 25804500

941871 1

40582910 72988946

488578 (599974)

$

$


Quoted

Prices in

Active Significant



$ 24578999 $

851 1983

26022339 68464005

(53 1251)


Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

43

Significant

Other

Observable

Inputs (Level 2)

$ 25804500

94187 1 1

40582910 72988946

488578 (599974)

$

Sign ificant

Unobservable

I n puts (Level 3)


December 3 1 2 0 1 4 a n d 2 0 1 3








Fair Valu e



Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

44

$

Significant

Other

Observable I nputs

(Level 2)

2013

$

Significant


Level 3)

8561288


December 3 1 2 0 1 4 and 201 3


Fair Value


Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

$

Significant

Other

Observable

I nputs (Level 2)

$

Significant

U nobservable

Inputs (Level 3)

83 1 1516





45


December 3 1 2 0 1 4 and 2 0 1 3














Loans Held For Sale


46

Loans


D ecember 3 1 2 0 1 4 a n d 2 0 1 3




Deposits









4 7


December 3 1 2 0 1 4 and 20 1 3



General Litigation









48

Lines of Credit


December 3 1 2 0 1 4 a n d 2 0 1 3








49


100



100





I

100



Reinbeck IA 1H 1 if



























FR Y-6













Inc 1 553 of common


1) 2) (3)(a)



FR Y-6



3)(b) 3)(c)



4Hal (4)(b) (4)(cl




1 ) 2) 13lal


FR Y-6



3)(b) (3lcl


(4)(a) (4)(b) 4Hcl



None None


( 1 ) 2) (3)(a)


FR Y-6



3)(b) 3)(c)




4)a) 4)b) 4)(c)





1) 2) (3)a)


FR Y-6



3)(b) (3)(c)



4)(a) (4)(b) 4)(c)



in partnership)

1) 2) 3)(a)



FR Y-6



3)(b) 3)(c)


4)(a) (4)(b) 4Hcl



1 ) 2) (3)(a)




FR Y-6



3)(b) (3)(c)



14)(a) (4)(b) 4)(c)




1) 2) 3)(a)




department store

FR Y-6



(3)(b) 3)(c)



4)(a) 4)(b) (4)(c)




1) (2) 3)(a)




Savings Bank

FR Y-6



(3)(b) (3)(c)



4(a 4(b (4(c)




(1 ) 2) 3)(a)





FR Y-6



3)(b) 3Hcl


NA NA

NA NA

4)(a) (4)(b) 4)(c)





FR Y-6 Cover Page







December 3 1 2 0 1 4 and 20 1 3





201 4 20 1 3




36


D ecember 3 1 2 0 1 4 and 201 3


2 0 1 4 201 3








20 1 4 201 3

Deferred tax assets



Other 161 216 121098



4 126343 3822039





Goodvvill 3127366 2823561



5649484 4424406


37


December 3 1 2 0 1 4 and 2 0 1 3





38


December 3 1 2 0 1 4 and 2 0 1 3


















39


December 3 1 2 0 1 4 a n d 20 1 3











40


D ecember 3 1 20 1 4 a n d 201 3








4 1


December 3 1 2 0 1 4 a n d 2 0 1 3


Allocated shares



Ending ESOP shares


2014

2575

75

759

3409

3098238

20 1 3

2648

56

473

3 177

$ 1 8 1 1 590







42


December 3 1 2 0 1 4 and 2 0 1 3









Fair Value

$ 24578999

85 1 1 983

26022339 68464005

(53 125 1)

Fair Value

$ 25804500

941871 1

40582910 72988946

488578 (599974)

$

$


Quoted

Prices in

Active Significant



$ 24578999 $

851 1983

26022339 68464005

(53 1251)


Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

43

Significant

Other

Observable

Inputs (Level 2)

$ 25804500

94187 1 1

40582910 72988946

488578 (599974)

$

Sign ificant

Unobservable

I n puts (Level 3)


December 3 1 2 0 1 4 a n d 2 0 1 3








Fair Valu e



Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

44

$

Significant

Other

Observable I nputs

(Level 2)

2013

$

Significant


Level 3)

8561288


December 3 1 2 0 1 4 and 201 3


Fair Value


Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

$

Significant

Other

Observable

I nputs (Level 2)

$

Significant

U nobservable

Inputs (Level 3)

83 1 1516





45


December 3 1 2 0 1 4 and 2 0 1 3














Loans Held For Sale


46

Loans


D ecember 3 1 2 0 1 4 a n d 2 0 1 3




Deposits









4 7


December 3 1 2 0 1 4 and 20 1 3



General Litigation









48

Lines of Credit


December 3 1 2 0 1 4 a n d 2 0 1 3








49


100



100





I

100



Reinbeck IA 1H 1 if



























FR Y-6













Inc 1 553 of common


1) 2) (3)(a)



FR Y-6



3)(b) 3)(c)



4Hal (4)(b) (4)(cl




1 ) 2) 13lal


FR Y-6



3)(b) (3lcl


(4)(a) (4)(b) 4Hcl



None None


( 1 ) 2) (3)(a)


FR Y-6



3)(b) 3)(c)




4)a) 4)b) 4)(c)





1) 2) (3)a)


FR Y-6



3)(b) (3)(c)



4)(a) (4)(b) 4)(c)



in partnership)

1) 2) 3)(a)



FR Y-6



3)(b) 3)(c)


4)(a) (4)(b) 4Hcl



1 ) 2) (3)(a)




FR Y-6



3)(b) (3)(c)



14)(a) (4)(b) 4)(c)




1) 2) 3)(a)




department store

FR Y-6



(3)(b) 3)(c)



4)(a) 4)(b) (4)(c)




1) (2) 3)(a)




Savings Bank

FR Y-6



(3)(b) (3)(c)



4(a 4(b (4(c)




(1 ) 2) 3)(a)





FR Y-6



3)(b) 3Hcl


NA NA

NA NA

4)(a) (4)(b) 4)(c)





FR Y-6 Cover Page







D ecember 3 1 2 0 1 4 and 201 3


2 0 1 4 201 3








20 1 4 201 3

Deferred tax assets



Other 161 216 121098



4 126343 3822039





Goodvvill 3127366 2823561



5649484 4424406


37


December 3 1 2 0 1 4 and 2 0 1 3





38


December 3 1 2 0 1 4 and 2 0 1 3


















39


December 3 1 2 0 1 4 a n d 20 1 3











40


D ecember 3 1 20 1 4 a n d 201 3








4 1


December 3 1 2 0 1 4 a n d 2 0 1 3


Allocated shares



Ending ESOP shares


2014

2575

75

759

3409

3098238

20 1 3

2648

56

473

3 177

$ 1 8 1 1 590







42


December 3 1 2 0 1 4 and 2 0 1 3









Fair Value

$ 24578999

85 1 1 983

26022339 68464005

(53 125 1)

Fair Value

$ 25804500

941871 1

40582910 72988946

488578 (599974)

$

$


Quoted

Prices in

Active Significant



$ 24578999 $

851 1983

26022339 68464005

(53 1251)


Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

43

Significant

Other

Observable

Inputs (Level 2)

$ 25804500

94187 1 1

40582910 72988946

488578 (599974)

$

Sign ificant

Unobservable

I n puts (Level 3)


December 3 1 2 0 1 4 a n d 2 0 1 3








Fair Valu e



Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

44

$

Significant

Other

Observable I nputs

(Level 2)

2013

$

Significant


Level 3)

8561288


December 3 1 2 0 1 4 and 201 3


Fair Value


Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

$

Significant

Other

Observable

I nputs (Level 2)

$

Significant

U nobservable

Inputs (Level 3)

83 1 1516





45


December 3 1 2 0 1 4 and 2 0 1 3














Loans Held For Sale


46

Loans


D ecember 3 1 2 0 1 4 a n d 2 0 1 3




Deposits









4 7


December 3 1 2 0 1 4 and 20 1 3



General Litigation









48

Lines of Credit


December 3 1 2 0 1 4 a n d 2 0 1 3








49


100



100





I

100



Reinbeck IA 1H 1 if



























FR Y-6













Inc 1 553 of common


1) 2) (3)(a)



FR Y-6



3)(b) 3)(c)



4Hal (4)(b) (4)(cl




1 ) 2) 13lal


FR Y-6



3)(b) (3lcl


(4)(a) (4)(b) 4Hcl



None None


( 1 ) 2) (3)(a)


FR Y-6



3)(b) 3)(c)




4)a) 4)b) 4)(c)





1) 2) (3)a)


FR Y-6



3)(b) (3)(c)



4)(a) (4)(b) 4)(c)



in partnership)

1) 2) 3)(a)



FR Y-6



3)(b) 3)(c)


4)(a) (4)(b) 4Hcl



1 ) 2) (3)(a)




FR Y-6



3)(b) (3)(c)



14)(a) (4)(b) 4)(c)




1) 2) 3)(a)




department store

FR Y-6



(3)(b) 3)(c)



4)(a) 4)(b) (4)(c)




1) (2) 3)(a)




Savings Bank

FR Y-6



(3)(b) (3)(c)



4(a 4(b (4(c)




(1 ) 2) 3)(a)





FR Y-6



3)(b) 3Hcl


NA NA

NA NA

4)(a) (4)(b) 4)(c)





FR Y-6 Cover Page







December 3 1 2 0 1 4 and 2 0 1 3





38


December 3 1 2 0 1 4 and 2 0 1 3


















39


December 3 1 2 0 1 4 a n d 20 1 3











40


D ecember 3 1 20 1 4 a n d 201 3








4 1


December 3 1 2 0 1 4 a n d 2 0 1 3


Allocated shares



Ending ESOP shares


2014

2575

75

759

3409

3098238

20 1 3

2648

56

473

3 177

$ 1 8 1 1 590







42


December 3 1 2 0 1 4 and 2 0 1 3









Fair Value

$ 24578999

85 1 1 983

26022339 68464005

(53 125 1)

Fair Value

$ 25804500

941871 1

40582910 72988946

488578 (599974)

$

$


Quoted

Prices in

Active Significant



$ 24578999 $

851 1983

26022339 68464005

(53 1251)


Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

43

Significant

Other

Observable

Inputs (Level 2)

$ 25804500

94187 1 1

40582910 72988946

488578 (599974)

$

Sign ificant

Unobservable

I n puts (Level 3)


December 3 1 2 0 1 4 a n d 2 0 1 3








Fair Valu e



Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

44

$

Significant

Other

Observable I nputs

(Level 2)

2013

$

Significant


Level 3)

8561288


December 3 1 2 0 1 4 and 201 3


Fair Value


Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

$

Significant

Other

Observable

I nputs (Level 2)

$

Significant

U nobservable

Inputs (Level 3)

83 1 1516





45


December 3 1 2 0 1 4 and 2 0 1 3














Loans Held For Sale


46

Loans


D ecember 3 1 2 0 1 4 a n d 2 0 1 3




Deposits









4 7


December 3 1 2 0 1 4 and 20 1 3



General Litigation









48

Lines of Credit


December 3 1 2 0 1 4 a n d 2 0 1 3








49


100



100





I

100



Reinbeck IA 1H 1 if



























FR Y-6













Inc 1 553 of common


1) 2) (3)(a)



FR Y-6



3)(b) 3)(c)



4Hal (4)(b) (4)(cl




1 ) 2) 13lal


FR Y-6



3)(b) (3lcl


(4)(a) (4)(b) 4Hcl



None None


( 1 ) 2) (3)(a)


FR Y-6



3)(b) 3)(c)




4)a) 4)b) 4)(c)





1) 2) (3)a)


FR Y-6



3)(b) (3)(c)



4)(a) (4)(b) 4)(c)



in partnership)

1) 2) 3)(a)



FR Y-6



3)(b) 3)(c)


4)(a) (4)(b) 4Hcl



1 ) 2) (3)(a)




FR Y-6



3)(b) (3)(c)



14)(a) (4)(b) 4)(c)




1) 2) 3)(a)




department store

FR Y-6



(3)(b) 3)(c)



4)(a) 4)(b) (4)(c)




1) (2) 3)(a)




Savings Bank

FR Y-6



(3)(b) (3)(c)



4(a 4(b (4(c)




(1 ) 2) 3)(a)





FR Y-6



3)(b) 3Hcl


NA NA

NA NA

4)(a) (4)(b) 4)(c)





FR Y-6 Cover Page







December 3 1 2 0 1 4 and 2 0 1 3


















39


December 3 1 2 0 1 4 a n d 20 1 3











40


D ecember 3 1 20 1 4 a n d 201 3








4 1


December 3 1 2 0 1 4 a n d 2 0 1 3


Allocated shares



Ending ESOP shares


2014

2575

75

759

3409

3098238

20 1 3

2648

56

473

3 177

$ 1 8 1 1 590







42


December 3 1 2 0 1 4 and 2 0 1 3









Fair Value

$ 24578999

85 1 1 983

26022339 68464005

(53 125 1)

Fair Value

$ 25804500

941871 1

40582910 72988946

488578 (599974)

$

$


Quoted

Prices in

Active Significant



$ 24578999 $

851 1983

26022339 68464005

(53 1251)


Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

43

Significant

Other

Observable

Inputs (Level 2)

$ 25804500

94187 1 1

40582910 72988946

488578 (599974)

$

Sign ificant

Unobservable

I n puts (Level 3)


December 3 1 2 0 1 4 a n d 2 0 1 3








Fair Valu e



Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

44

$

Significant

Other

Observable I nputs

(Level 2)

2013

$

Significant


Level 3)

8561288


December 3 1 2 0 1 4 and 201 3


Fair Value


Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

$

Significant

Other

Observable

I nputs (Level 2)

$

Significant

U nobservable

Inputs (Level 3)

83 1 1516





45


December 3 1 2 0 1 4 and 2 0 1 3














Loans Held For Sale


46

Loans


D ecember 3 1 2 0 1 4 a n d 2 0 1 3




Deposits









4 7


December 3 1 2 0 1 4 and 20 1 3



General Litigation









48

Lines of Credit


December 3 1 2 0 1 4 a n d 2 0 1 3








49


100



100





I

100



Reinbeck IA 1H 1 if



























FR Y-6













Inc 1 553 of common


1) 2) (3)(a)



FR Y-6



3)(b) 3)(c)



4Hal (4)(b) (4)(cl




1 ) 2) 13lal


FR Y-6



3)(b) (3lcl


(4)(a) (4)(b) 4Hcl



None None


( 1 ) 2) (3)(a)


FR Y-6



3)(b) 3)(c)




4)a) 4)b) 4)(c)





1) 2) (3)a)


FR Y-6



3)(b) (3)(c)



4)(a) (4)(b) 4)(c)



in partnership)

1) 2) 3)(a)



FR Y-6



3)(b) 3)(c)


4)(a) (4)(b) 4Hcl



1 ) 2) (3)(a)




FR Y-6



3)(b) (3)(c)



14)(a) (4)(b) 4)(c)




1) 2) 3)(a)




department store

FR Y-6



(3)(b) 3)(c)



4)(a) 4)(b) (4)(c)




1) (2) 3)(a)




Savings Bank

FR Y-6



(3)(b) (3)(c)



4(a 4(b (4(c)




(1 ) 2) 3)(a)





FR Y-6



3)(b) 3Hcl


NA NA

NA NA

4)(a) (4)(b) 4)(c)





FR Y-6 Cover Page







December 3 1 2 0 1 4 a n d 20 1 3











40


D ecember 3 1 20 1 4 a n d 201 3








4 1


December 3 1 2 0 1 4 a n d 2 0 1 3


Allocated shares



Ending ESOP shares


2014

2575

75

759

3409

3098238

20 1 3

2648

56

473

3 177

$ 1 8 1 1 590







42


December 3 1 2 0 1 4 and 2 0 1 3









Fair Value

$ 24578999

85 1 1 983

26022339 68464005

(53 125 1)

Fair Value

$ 25804500

941871 1

40582910 72988946

488578 (599974)

$

$


Quoted

Prices in

Active Significant



$ 24578999 $

851 1983

26022339 68464005

(53 1251)


Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

43

Significant

Other

Observable

Inputs (Level 2)

$ 25804500

94187 1 1

40582910 72988946

488578 (599974)

$

Sign ificant

Unobservable

I n puts (Level 3)


December 3 1 2 0 1 4 a n d 2 0 1 3








Fair Valu e



Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

44

$

Significant

Other

Observable I nputs

(Level 2)

2013

$

Significant


Level 3)

8561288


December 3 1 2 0 1 4 and 201 3


Fair Value


Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

$

Significant

Other

Observable

I nputs (Level 2)

$

Significant

U nobservable

Inputs (Level 3)

83 1 1516





45


December 3 1 2 0 1 4 and 2 0 1 3














Loans Held For Sale


46

Loans


D ecember 3 1 2 0 1 4 a n d 2 0 1 3




Deposits









4 7


December 3 1 2 0 1 4 and 20 1 3



General Litigation









48

Lines of Credit


December 3 1 2 0 1 4 a n d 2 0 1 3








49


100



100





I

100



Reinbeck IA 1H 1 if



























FR Y-6













Inc 1 553 of common


1) 2) (3)(a)



FR Y-6



3)(b) 3)(c)



4Hal (4)(b) (4)(cl




1 ) 2) 13lal


FR Y-6



3)(b) (3lcl


(4)(a) (4)(b) 4Hcl



None None


( 1 ) 2) (3)(a)


FR Y-6



3)(b) 3)(c)




4)a) 4)b) 4)(c)





1) 2) (3)a)


FR Y-6



3)(b) (3)(c)



4)(a) (4)(b) 4)(c)



in partnership)

1) 2) 3)(a)



FR Y-6



3)(b) 3)(c)


4)(a) (4)(b) 4Hcl



1 ) 2) (3)(a)




FR Y-6



3)(b) (3)(c)



14)(a) (4)(b) 4)(c)




1) 2) 3)(a)




department store

FR Y-6



(3)(b) 3)(c)



4)(a) 4)(b) (4)(c)




1) (2) 3)(a)




Savings Bank

FR Y-6



(3)(b) (3)(c)



4(a 4(b (4(c)




(1 ) 2) 3)(a)





FR Y-6



3)(b) 3Hcl


NA NA

NA NA

4)(a) (4)(b) 4)(c)





FR Y-6 Cover Page







D ecember 3 1 20 1 4 a n d 201 3








4 1


December 3 1 2 0 1 4 a n d 2 0 1 3


Allocated shares



Ending ESOP shares


2014

2575

75

759

3409

3098238

20 1 3

2648

56

473

3 177

$ 1 8 1 1 590







42


December 3 1 2 0 1 4 and 2 0 1 3









Fair Value

$ 24578999

85 1 1 983

26022339 68464005

(53 125 1)

Fair Value

$ 25804500

941871 1

40582910 72988946

488578 (599974)

$

$


Quoted

Prices in

Active Significant



$ 24578999 $

851 1983

26022339 68464005

(53 1251)


Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

43

Significant

Other

Observable

Inputs (Level 2)

$ 25804500

94187 1 1

40582910 72988946

488578 (599974)

$

Sign ificant

Unobservable

I n puts (Level 3)


December 3 1 2 0 1 4 a n d 2 0 1 3








Fair Valu e



Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

44

$

Significant

Other

Observable I nputs

(Level 2)

2013

$

Significant


Level 3)

8561288


December 3 1 2 0 1 4 and 201 3


Fair Value


Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

$

Significant

Other

Observable

I nputs (Level 2)

$

Significant

U nobservable

Inputs (Level 3)

83 1 1516





45


December 3 1 2 0 1 4 and 2 0 1 3














Loans Held For Sale


46

Loans


D ecember 3 1 2 0 1 4 a n d 2 0 1 3




Deposits









4 7


December 3 1 2 0 1 4 and 20 1 3



General Litigation









48

Lines of Credit


December 3 1 2 0 1 4 a n d 2 0 1 3








49


100



100





I

100



Reinbeck IA 1H 1 if



























FR Y-6













Inc 1 553 of common


1) 2) (3)(a)



FR Y-6



3)(b) 3)(c)



4Hal (4)(b) (4)(cl




1 ) 2) 13lal


FR Y-6



3)(b) (3lcl


(4)(a) (4)(b) 4Hcl



None None


( 1 ) 2) (3)(a)


FR Y-6



3)(b) 3)(c)




4)a) 4)b) 4)(c)





1) 2) (3)a)


FR Y-6



3)(b) (3)(c)



4)(a) (4)(b) 4)(c)



in partnership)

1) 2) 3)(a)



FR Y-6



3)(b) 3)(c)


4)(a) (4)(b) 4Hcl



1 ) 2) (3)(a)




FR Y-6



3)(b) (3)(c)



14)(a) (4)(b) 4)(c)




1) 2) 3)(a)




department store

FR Y-6



(3)(b) 3)(c)



4)(a) 4)(b) (4)(c)




1) (2) 3)(a)




Savings Bank

FR Y-6



(3)(b) (3)(c)



4(a 4(b (4(c)




(1 ) 2) 3)(a)





FR Y-6



3)(b) 3Hcl


NA NA

NA NA

4)(a) (4)(b) 4)(c)





FR Y-6 Cover Page







December 3 1 2 0 1 4 a n d 2 0 1 3


Allocated shares



Ending ESOP shares


2014

2575

75

759

3409

3098238

20 1 3

2648

56

473

3 177

$ 1 8 1 1 590







42


December 3 1 2 0 1 4 and 2 0 1 3









Fair Value

$ 24578999

85 1 1 983

26022339 68464005

(53 125 1)

Fair Value

$ 25804500

941871 1

40582910 72988946

488578 (599974)

$

$


Quoted

Prices in

Active Significant



$ 24578999 $

851 1983

26022339 68464005

(53 1251)


Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

43

Significant

Other

Observable

Inputs (Level 2)

$ 25804500

94187 1 1

40582910 72988946

488578 (599974)

$

Sign ificant

Unobservable

I n puts (Level 3)


December 3 1 2 0 1 4 a n d 2 0 1 3








Fair Valu e



Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

44

$

Significant

Other

Observable I nputs

(Level 2)

2013

$

Significant


Level 3)

8561288


December 3 1 2 0 1 4 and 201 3


Fair Value


Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

$

Significant

Other

Observable

I nputs (Level 2)

$

Significant

U nobservable

Inputs (Level 3)

83 1 1516





45


December 3 1 2 0 1 4 and 2 0 1 3














Loans Held For Sale


46

Loans


D ecember 3 1 2 0 1 4 a n d 2 0 1 3




Deposits









4 7


December 3 1 2 0 1 4 and 20 1 3



General Litigation









48

Lines of Credit


December 3 1 2 0 1 4 a n d 2 0 1 3








49


100



100





I

100



Reinbeck IA 1H 1 if



























FR Y-6













Inc 1 553 of common


1) 2) (3)(a)



FR Y-6



3)(b) 3)(c)



4Hal (4)(b) (4)(cl




1 ) 2) 13lal


FR Y-6



3)(b) (3lcl


(4)(a) (4)(b) 4Hcl



None None


( 1 ) 2) (3)(a)


FR Y-6



3)(b) 3)(c)




4)a) 4)b) 4)(c)





1) 2) (3)a)


FR Y-6



3)(b) (3)(c)



4)(a) (4)(b) 4)(c)



in partnership)

1) 2) 3)(a)



FR Y-6



3)(b) 3)(c)


4)(a) (4)(b) 4Hcl



1 ) 2) (3)(a)




FR Y-6



3)(b) (3)(c)



14)(a) (4)(b) 4)(c)




1) 2) 3)(a)




department store

FR Y-6



(3)(b) 3)(c)



4)(a) 4)(b) (4)(c)




1) (2) 3)(a)




Savings Bank

FR Y-6



(3)(b) (3)(c)



4(a 4(b (4(c)




(1 ) 2) 3)(a)





FR Y-6



3)(b) 3Hcl


NA NA

NA NA

4)(a) (4)(b) 4)(c)





FR Y-6 Cover Page







December 3 1 2 0 1 4 and 2 0 1 3









Fair Value

$ 24578999

85 1 1 983

26022339 68464005

(53 125 1)

Fair Value

$ 25804500

941871 1

40582910 72988946

488578 (599974)

$

$


Quoted

Prices in

Active Significant



$ 24578999 $

851 1983

26022339 68464005

(53 1251)


Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

43

Significant

Other

Observable

Inputs (Level 2)

$ 25804500

94187 1 1

40582910 72988946

488578 (599974)

$

Sign ificant

Unobservable

I n puts (Level 3)


December 3 1 2 0 1 4 a n d 2 0 1 3








Fair Valu e



Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

44

$

Significant

Other

Observable I nputs

(Level 2)

2013

$

Significant


Level 3)

8561288


December 3 1 2 0 1 4 and 201 3


Fair Value


Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

$

Significant

Other

Observable

I nputs (Level 2)

$

Significant

U nobservable

Inputs (Level 3)

83 1 1516





45


December 3 1 2 0 1 4 and 2 0 1 3














Loans Held For Sale


46

Loans


D ecember 3 1 2 0 1 4 a n d 2 0 1 3




Deposits









4 7


December 3 1 2 0 1 4 and 20 1 3



General Litigation









48

Lines of Credit


December 3 1 2 0 1 4 a n d 2 0 1 3








49


100



100





I

100



Reinbeck IA 1H 1 if



























FR Y-6













Inc 1 553 of common


1) 2) (3)(a)



FR Y-6



3)(b) 3)(c)



4Hal (4)(b) (4)(cl




1 ) 2) 13lal


FR Y-6



3)(b) (3lcl


(4)(a) (4)(b) 4Hcl



None None


( 1 ) 2) (3)(a)


FR Y-6



3)(b) 3)(c)




4)a) 4)b) 4)(c)





1) 2) (3)a)


FR Y-6



3)(b) (3)(c)



4)(a) (4)(b) 4)(c)



in partnership)

1) 2) 3)(a)



FR Y-6



3)(b) 3)(c)


4)(a) (4)(b) 4Hcl



1 ) 2) (3)(a)




FR Y-6



3)(b) (3)(c)



14)(a) (4)(b) 4)(c)




1) 2) 3)(a)




department store

FR Y-6



(3)(b) 3)(c)



4)(a) 4)(b) (4)(c)




1) (2) 3)(a)




Savings Bank

FR Y-6



(3)(b) (3)(c)



4(a 4(b (4(c)




(1 ) 2) 3)(a)





FR Y-6



3)(b) 3Hcl


NA NA

NA NA

4)(a) (4)(b) 4)(c)





FR Y-6 Cover Page







December 3 1 2 0 1 4 a n d 2 0 1 3








Fair Valu e



Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

44

$

Significant

Other

Observable I nputs

(Level 2)

2013

$

Significant


Level 3)

8561288


December 3 1 2 0 1 4 and 201 3


Fair Value


Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

$

Significant

Other

Observable

I nputs (Level 2)

$

Significant

U nobservable

Inputs (Level 3)

83 1 1516





45


December 3 1 2 0 1 4 and 2 0 1 3














Loans Held For Sale


46

Loans


D ecember 3 1 2 0 1 4 a n d 2 0 1 3




Deposits









4 7


December 3 1 2 0 1 4 and 20 1 3



General Litigation









48

Lines of Credit


December 3 1 2 0 1 4 a n d 2 0 1 3








49


100



100





I

100



Reinbeck IA 1H 1 if



























FR Y-6













Inc 1 553 of common


1) 2) (3)(a)



FR Y-6



3)(b) 3)(c)



4Hal (4)(b) (4)(cl




1 ) 2) 13lal


FR Y-6



3)(b) (3lcl


(4)(a) (4)(b) 4Hcl



None None


( 1 ) 2) (3)(a)


FR Y-6



3)(b) 3)(c)




4)a) 4)b) 4)(c)





1) 2) (3)a)


FR Y-6



3)(b) (3)(c)



4)(a) (4)(b) 4)(c)



in partnership)

1) 2) 3)(a)



FR Y-6



3)(b) 3)(c)


4)(a) (4)(b) 4Hcl



1 ) 2) (3)(a)




FR Y-6



3)(b) (3)(c)



14)(a) (4)(b) 4)(c)




1) 2) 3)(a)




department store

FR Y-6



(3)(b) 3)(c)



4)(a) 4)(b) (4)(c)




1) (2) 3)(a)




Savings Bank

FR Y-6



(3)(b) (3)(c)



4(a 4(b (4(c)




(1 ) 2) 3)(a)





FR Y-6



3)(b) 3Hcl


NA NA

NA NA

4)(a) (4)(b) 4)(c)





FR Y-6 Cover Page







December 3 1 2 0 1 4 and 201 3


Fair Value


Quoted

Prices in

Active

Markets for

Identical

Assets (Level 1 )

$

Significant

Other

Observable

I nputs (Level 2)

$

Significant

U nobservable

Inputs (Level 3)

83 1 1516





45


December 3 1 2 0 1 4 and 2 0 1 3














Loans Held For Sale


46

Loans


D ecember 3 1 2 0 1 4 a n d 2 0 1 3




Deposits









4 7


December 3 1 2 0 1 4 and 20 1 3



General Litigation









48

Lines of Credit


December 3 1 2 0 1 4 a n d 2 0 1 3








49


100



100





I

100



Reinbeck IA 1H 1 if



























FR Y-6













Inc 1 553 of common


1) 2) (3)(a)



FR Y-6



3)(b) 3)(c)



4Hal (4)(b) (4)(cl




1 ) 2) 13lal


FR Y-6



3)(b) (3lcl


(4)(a) (4)(b) 4Hcl



None None


( 1 ) 2) (3)(a)


FR Y-6



3)(b) 3)(c)




4)a) 4)b) 4)(c)





1) 2) (3)a)


FR Y-6



3)(b) (3)(c)



4)(a) (4)(b) 4)(c)



in partnership)

1) 2) 3)(a)



FR Y-6



3)(b) 3)(c)


4)(a) (4)(b) 4Hcl



1 ) 2) (3)(a)




FR Y-6



3)(b) (3)(c)



14)(a) (4)(b) 4)(c)




1) 2) 3)(a)




department store

FR Y-6



(3)(b) 3)(c)



4)(a) 4)(b) (4)(c)




1) (2) 3)(a)




Savings Bank

FR Y-6



(3)(b) (3)(c)



4(a 4(b (4(c)




(1 ) 2) 3)(a)





FR Y-6



3)(b) 3Hcl


NA NA

NA NA

4)(a) (4)(b) 4)(c)





FR Y-6 Cover Page







December 3 1 2 0 1 4 and 2 0 1 3














Loans Held For Sale


46

Loans


D ecember 3 1 2 0 1 4 a n d 2 0 1 3




Deposits









4 7


December 3 1 2 0 1 4 and 20 1 3



General Litigation









48

Lines of Credit


December 3 1 2 0 1 4 a n d 2 0 1 3








49


100



100





I

100



Reinbeck IA 1H 1 if



























FR Y-6













Inc 1 553 of common


1) 2) (3)(a)



FR Y-6



3)(b) 3)(c)



4Hal (4)(b) (4)(cl




1 ) 2) 13lal


FR Y-6



3)(b) (3lcl


(4)(a) (4)(b) 4Hcl



None None


( 1 ) 2) (3)(a)


FR Y-6



3)(b) 3)(c)




4)a) 4)b) 4)(c)





1) 2) (3)a)


FR Y-6



3)(b) (3)(c)



4)(a) (4)(b) 4)(c)



in partnership)

1) 2) 3)(a)



FR Y-6



3)(b) 3)(c)


4)(a) (4)(b) 4Hcl



1 ) 2) (3)(a)




FR Y-6



3)(b) (3)(c)



14)(a) (4)(b) 4)(c)




1) 2) 3)(a)




department store

FR Y-6



(3)(b) 3)(c)



4)(a) 4)(b) (4)(c)




1) (2) 3)(a)




Savings Bank

FR Y-6



(3)(b) (3)(c)



4(a 4(b (4(c)




(1 ) 2) 3)(a)





FR Y-6



3)(b) 3Hcl


NA NA

NA NA

4)(a) (4)(b) 4)(c)





FR Y-6 Cover Page






Loans


D ecember 3 1 2 0 1 4 a n d 2 0 1 3




Deposits









4 7


December 3 1 2 0 1 4 and 20 1 3



General Litigation









48

Lines of Credit


December 3 1 2 0 1 4 a n d 2 0 1 3








49


100



100





I

100



Reinbeck IA 1H 1 if



























FR Y-6













Inc 1 553 of common


1) 2) (3)(a)



FR Y-6



3)(b) 3)(c)



4Hal (4)(b) (4)(cl




1 ) 2) 13lal


FR Y-6



3)(b) (3lcl


(4)(a) (4)(b) 4Hcl



None None


( 1 ) 2) (3)(a)


FR Y-6



3)(b) 3)(c)




4)a) 4)b) 4)(c)





1) 2) (3)a)


FR Y-6



3)(b) (3)(c)



4)(a) (4)(b) 4)(c)



in partnership)

1) 2) 3)(a)



FR Y-6



3)(b) 3)(c)


4)(a) (4)(b) 4Hcl



1 ) 2) (3)(a)




FR Y-6



3)(b) (3)(c)



14)(a) (4)(b) 4)(c)




1) 2) 3)(a)




department store

FR Y-6



(3)(b) 3)(c)



4)(a) 4)(b) (4)(c)




1) (2) 3)(a)




Savings Bank

FR Y-6



(3)(b) (3)(c)



4(a 4(b (4(c)




(1 ) 2) 3)(a)





FR Y-6



3)(b) 3Hcl


NA NA

NA NA

4)(a) (4)(b) 4)(c)





FR Y-6 Cover Page







December 3 1 2 0 1 4 and 20 1 3



General Litigation









48

Lines of Credit


December 3 1 2 0 1 4 a n d 2 0 1 3








49


100



100





I

100



Reinbeck IA 1H 1 if



























FR Y-6













Inc 1 553 of common


1) 2) (3)(a)



FR Y-6



3)(b) 3)(c)



4Hal (4)(b) (4)(cl




1 ) 2) 13lal


FR Y-6



3)(b) (3lcl


(4)(a) (4)(b) 4Hcl



None None


( 1 ) 2) (3)(a)


FR Y-6



3)(b) 3)(c)




4)a) 4)b) 4)(c)





1) 2) (3)a)


FR Y-6



3)(b) (3)(c)



4)(a) (4)(b) 4)(c)



in partnership)

1) 2) 3)(a)



FR Y-6



3)(b) 3)(c)


4)(a) (4)(b) 4Hcl



1 ) 2) (3)(a)




FR Y-6



3)(b) (3)(c)



14)(a) (4)(b) 4)(c)




1) 2) 3)(a)




department store

FR Y-6



(3)(b) 3)(c)



4)(a) 4)(b) (4)(c)




1) (2) 3)(a)




Savings Bank

FR Y-6



(3)(b) (3)(c)



4(a 4(b (4(c)




(1 ) 2) 3)(a)





FR Y-6



3)(b) 3Hcl


NA NA

NA NA

4)(a) (4)(b) 4)(c)





FR Y-6 Cover Page






Lines of Credit


December 3 1 2 0 1 4 a n d 2 0 1 3








49


100



100





I

100



Reinbeck IA 1H 1 if



























FR Y-6













Inc 1 553 of common


1) 2) (3)(a)



FR Y-6



3)(b) 3)(c)



4Hal (4)(b) (4)(cl




1 ) 2) 13lal


FR Y-6



3)(b) (3lcl


(4)(a) (4)(b) 4Hcl



None None


( 1 ) 2) (3)(a)


FR Y-6



3)(b) 3)(c)




4)a) 4)b) 4)(c)





1) 2) (3)a)


FR Y-6



3)(b) (3)(c)



4)(a) (4)(b) 4)(c)



in partnership)

1) 2) 3)(a)



FR Y-6



3)(b) 3)(c)


4)(a) (4)(b) 4Hcl



1 ) 2) (3)(a)




FR Y-6



3)(b) (3)(c)



14)(a) (4)(b) 4)(c)




1) 2) 3)(a)




department store

FR Y-6



(3)(b) 3)(c)



4)(a) 4)(b) (4)(c)




1) (2) 3)(a)




Savings Bank

FR Y-6



(3)(b) (3)(c)



4(a 4(b (4(c)




(1 ) 2) 3)(a)





FR Y-6



3)(b) 3Hcl


NA NA

NA NA

4)(a) (4)(b) 4)(c)





FR Y-6 Cover Page







100



100





I

100



Reinbeck IA 1H 1 if



























FR Y-6













Inc 1 553 of common


1) 2) (3)(a)



FR Y-6



3)(b) 3)(c)



4Hal (4)(b) (4)(cl




1 ) 2) 13lal


FR Y-6



3)(b) (3lcl


(4)(a) (4)(b) 4Hcl



None None


( 1 ) 2) (3)(a)


FR Y-6



3)(b) 3)(c)




4)a) 4)b) 4)(c)





1) 2) (3)a)


FR Y-6



3)(b) (3)(c)



4)(a) (4)(b) 4)(c)



in partnership)

1) 2) 3)(a)



FR Y-6



3)(b) 3)(c)


4)(a) (4)(b) 4Hcl



1 ) 2) (3)(a)




FR Y-6



3)(b) (3)(c)



14)(a) (4)(b) 4)(c)




1) 2) 3)(a)




department store

FR Y-6



(3)(b) 3)(c)



4)(a) 4)(b) (4)(c)




1) (2) 3)(a)




Savings Bank

FR Y-6



(3)(b) (3)(c)



4(a 4(b (4(c)




(1 ) 2) 3)(a)





FR Y-6



3)(b) 3Hcl


NA NA

NA NA

4)(a) (4)(b) 4)(c)





FR Y-6 Cover Page
































FR Y-6













Inc 1 553 of common


1) 2) (3)(a)



FR Y-6



3)(b) 3)(c)



4Hal (4)(b) (4)(cl




1 ) 2) 13lal


FR Y-6



3)(b) (3lcl


(4)(a) (4)(b) 4Hcl



None None


( 1 ) 2) (3)(a)


FR Y-6



3)(b) 3)(c)




4)a) 4)b) 4)(c)





1) 2) (3)a)


FR Y-6



3)(b) (3)(c)



4)(a) (4)(b) 4)(c)



in partnership)

1) 2) 3)(a)



FR Y-6



3)(b) 3)(c)


4)(a) (4)(b) 4Hcl



1 ) 2) (3)(a)




FR Y-6



3)(b) (3)(c)



14)(a) (4)(b) 4)(c)




1) 2) 3)(a)




department store

FR Y-6



(3)(b) 3)(c)



4)(a) 4)(b) (4)(c)




1) (2) 3)(a)




Savings Bank

FR Y-6



(3)(b) (3)(c)



4(a 4(b (4(c)




(1 ) 2) 3)(a)





FR Y-6



3)(b) 3Hcl


NA NA

NA NA

4)(a) (4)(b) 4)(c)





FR Y-6 Cover Page






1) 2) (3)(a)



FR Y-6



3)(b) 3)(c)



4Hal (4)(b) (4)(cl




1 ) 2) 13lal


FR Y-6



3)(b) (3lcl


(4)(a) (4)(b) 4Hcl



None None


( 1 ) 2) (3)(a)


FR Y-6



3)(b) 3)(c)




4)a) 4)b) 4)(c)





1) 2) (3)a)


FR Y-6



3)(b) (3)(c)



4)(a) (4)(b) 4)(c)



in partnership)

1) 2) 3)(a)



FR Y-6



3)(b) 3)(c)


4)(a) (4)(b) 4Hcl



1 ) 2) (3)(a)




FR Y-6



3)(b) (3)(c)



14)(a) (4)(b) 4)(c)




1) 2) 3)(a)




department store

FR Y-6



(3)(b) 3)(c)



4)(a) 4)(b) (4)(c)




1) (2) 3)(a)




Savings Bank

FR Y-6



(3)(b) (3)(c)



4(a 4(b (4(c)




(1 ) 2) 3)(a)





FR Y-6



3)(b) 3Hcl


NA NA

NA NA

4)(a) (4)(b) 4)(c)





FR Y-6 Cover Page






1 ) 2) 13lal


FR Y-6



3)(b) (3lcl


(4)(a) (4)(b) 4Hcl



None None


( 1 ) 2) (3)(a)


FR Y-6



3)(b) 3)(c)




4)a) 4)b) 4)(c)





1) 2) (3)a)


FR Y-6



3)(b) (3)(c)



4)(a) (4)(b) 4)(c)



in partnership)

1) 2) 3)(a)



FR Y-6



3)(b) 3)(c)


4)(a) (4)(b) 4Hcl



1 ) 2) (3)(a)




FR Y-6



3)(b) (3)(c)



14)(a) (4)(b) 4)(c)




1) 2) 3)(a)




department store

FR Y-6



(3)(b) 3)(c)



4)(a) 4)(b) (4)(c)




1) (2) 3)(a)




Savings Bank

FR Y-6



(3)(b) (3)(c)



4(a 4(b (4(c)




(1 ) 2) 3)(a)





FR Y-6



3)(b) 3Hcl


NA NA

NA NA

4)(a) (4)(b) 4)(c)





FR Y-6 Cover Page






( 1 ) 2) (3)(a)


FR Y-6



3)(b) 3)(c)




4)a) 4)b) 4)(c)





1) 2) (3)a)


FR Y-6



3)(b) (3)(c)



4)(a) (4)(b) 4)(c)



in partnership)

1) 2) 3)(a)



FR Y-6



3)(b) 3)(c)


4)(a) (4)(b) 4Hcl



1 ) 2) (3)(a)




FR Y-6



3)(b) (3)(c)



14)(a) (4)(b) 4)(c)




1) 2) 3)(a)




department store

FR Y-6



(3)(b) 3)(c)



4)(a) 4)(b) (4)(c)




1) (2) 3)(a)




Savings Bank

FR Y-6



(3)(b) (3)(c)



4(a 4(b (4(c)




(1 ) 2) 3)(a)





FR Y-6



3)(b) 3Hcl


NA NA

NA NA

4)(a) (4)(b) 4)(c)





FR Y-6 Cover Page






1) 2) (3)a)


FR Y-6



3)(b) (3)(c)



4)(a) (4)(b) 4)(c)



in partnership)

1) 2) 3)(a)



FR Y-6



3)(b) 3)(c)


4)(a) (4)(b) 4Hcl



1 ) 2) (3)(a)




FR Y-6



3)(b) (3)(c)



14)(a) (4)(b) 4)(c)




1) 2) 3)(a)




department store

FR Y-6



(3)(b) 3)(c)



4)(a) 4)(b) (4)(c)




1) (2) 3)(a)




Savings Bank

FR Y-6



(3)(b) (3)(c)



4(a 4(b (4(c)




(1 ) 2) 3)(a)





FR Y-6



3)(b) 3Hcl


NA NA

NA NA

4)(a) (4)(b) 4)(c)





FR Y-6 Cover Page






1) 2) 3)(a)



FR Y-6



3)(b) 3)(c)


4)(a) (4)(b) 4Hcl



1 ) 2) (3)(a)




FR Y-6



3)(b) (3)(c)



14)(a) (4)(b) 4)(c)




1) 2) 3)(a)




department store

FR Y-6



(3)(b) 3)(c)



4)(a) 4)(b) (4)(c)




1) (2) 3)(a)




Savings Bank

FR Y-6



(3)(b) (3)(c)



4(a 4(b (4(c)




(1 ) 2) 3)(a)





FR Y-6



3)(b) 3Hcl


NA NA

NA NA

4)(a) (4)(b) 4)(c)





FR Y-6 Cover Page






1 ) 2) (3)(a)




FR Y-6



3)(b) (3)(c)



14)(a) (4)(b) 4)(c)




1) 2) 3)(a)




department store

FR Y-6



(3)(b) 3)(c)



4)(a) 4)(b) (4)(c)




1) (2) 3)(a)




Savings Bank

FR Y-6



(3)(b) (3)(c)



4(a 4(b (4(c)




(1 ) 2) 3)(a)





FR Y-6



3)(b) 3Hcl


NA NA

NA NA

4)(a) (4)(b) 4)(c)





FR Y-6 Cover Page






1) 2) 3)(a)




department store

FR Y-6



(3)(b) 3)(c)



4)(a) 4)(b) (4)(c)




1) (2) 3)(a)




Savings Bank

FR Y-6



(3)(b) (3)(c)



4(a 4(b (4(c)




(1 ) 2) 3)(a)





FR Y-6



3)(b) 3Hcl


NA NA

NA NA

4)(a) (4)(b) 4)(c)





FR Y-6 Cover Page






1) (2) 3)(a)




Savings Bank

FR Y-6



(3)(b) (3)(c)



4(a 4(b (4(c)




(1 ) 2) 3)(a)





FR Y-6



3)(b) 3Hcl


NA NA

NA NA

4)(a) (4)(b) 4)(c)





FR Y-6 Cover Page






(1 ) 2) 3)(a)





FR Y-6



3)(b) 3Hcl


NA NA

NA NA

4)(a) (4)(b) 4)(c)





FR Y-6 Cover Page






Annual Report of Holding Companies-FR Y-6/media/others/banking/...Board of Governors of the Federal...

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Transcript of Annual Report of Holding Companies-FR Y-6/media/others/banking/...Board of Governors of the Federal...