FDIC Certificate #: 5792 Status: Active Federal Reserve ID: 856542 Bank Holding Company (Regulatory Top Holder): Van Financial Corporation (RSSDID: 3943528, Location: Breda, IA) Date Established: January 01, 1890 WWW:http://www.bredasavingsbank.com Trust Powers Granted: Yes Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 3953 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Agricultural lending institution: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: No Asset Concentration Hierarchy: Agricultural Specialization Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: June 02, 2010 Last Structure Change Process Date: June 02, 2010 Last Data Update: June 02, 2010 Data Source Date: April 05, 2012
Location
Address: 105 Main Street, Breda, IA 51436 County: Carroll Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Des Moines Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: Western
History of Changes
Change in Location
Financial Summary
Total assets: $42.2 mil Equity capital: $6.4 mil Deposits held in domestic offices: $28.4 mil Return on assets (ROA): 0.58% ($0.2 mil) Quarterly return on assets: -1.76% (-$0.7 mil) Return on Equity (ROE): 3.49% ($0.2 mil) Quarterly return on equity: -10.91% (-$0.7 mil) Net income: $0.2 mil Quarterly Net income: -$0.2 mil Pretax return on assets: 0.68% ($287.2 mil) Quarterly Pretax return on assets: -1.56% (-$659.0 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2011)
Dollar figures in thousands
7Total employees (full-time equivalent)
$42,241Total assets
$1,577Cash and due from depository institutions
$1,297Interest-bearing balances
$21,028Securities
$0Federal funds sold & reverse repurchase agreements
$18,309Net loans & leases
$445Loan loss allowance
$0Trading account assets
$44Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$42,241Life insurance assets
$1,283All other assets
$35,846Total liabilities and capital
$28,375Total liabilities
$19,929Total deposits
$28,375Interest-bearing deposits
$100Deposits held in domestic offices
2723.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$4,200Trading liabilities
$0Other borrowed funds
$548Subordinated debt
$6,395All other liabilities
$6,395Total equity capital
$6,395Total bank equity capital
$0Perpetual preferred stock
$58Common stock
$1,150Surplus
$5,187Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$411Long-term assets (5+ years)
$40,634Average Assets, year-to-date
$13,441Average Assets, quarterly
$38,791Volatile liabilities
$40,490Insider loans
$23,584FHLB advances
$41,154Loans and leases held for sale
$423Unused loan commitments
$423Tier 1 (core) risk-based capital
$6,395Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$4,514Restructured Loans and leases
$146Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$1,381Total interest income
$204Total interest expense
$1,177Net interest income
$0Provision for loan and lease losses
$194Total noninterest income
$0Fiduciary activities
$71Service charges on deposit accounts
$0Trading account gains & fees
$123Additional noninterest income
$1,108Total noninterest expense
$828Salaries and employee benefits
$39Premises and equipment expense
$241Additional noninterest expense
$263Pre-tax net operating income
$0Securities gains (losses)
$37Applicable income taxes
$226Income before extraordinary items
$0Extraordinary gains - net
$226Net income attributable to bank
$0Net charge-offs
$226Cash dividends
-$45Sale, conversion, retirement of capital stock, net
$80Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
3.71%Yield on earning assets
0.55%Cost of funding earning assets
3.17%Net interest margin
0.52%Noninterest income to earning assets
2.98%Noninterest expense to earning assets
0.58%Net operating income to assets
0.58%Return on assets (ROA)
0.68%Pretax return on assets
3.49%Return on equity (ROE)
2.26%Retained earnings to average equity (YTD only)
-0.25%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
80,817Assets per employee
6.03%Cash dividends to net income (YTD only)
Condition Ratios (%)
35.40%Loss allowance to loans
2.37%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
64.53%Net loans and leases to core deposits
65.16%Equity capital to assets
15.14%Core capital (leverage) ratio
15.54%Tier 1 risk-based capital ratio
27.12%Total risk-based capital ratio
Memoranda
$28Average assets
$38,791Average earning assets
$6,470Average equity
$37,186Average loans
List of branches
1 Iowa Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
3953
Breda Savings Bank
105 Main Street, Breda, IA 51436
January 01, 1890
Full Service Brick and Mortar
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