FDIC Certificate #: 10903 Status: Active Federal Reserve ID: 607146 Bank Holding Company (Regulatory Top Holder): State Center Financial, Inc. (RSSDID: 1203769, Location: State Center, IA) Date Established: January 01, 1902 WWW:http://www.centralstatebankia.com Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 6982 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: Yes Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: March 31, 2006 Last Structure Change Process Date: November 03, 2006 Last Data Update: November 03, 2006 Data Source Date: April 05, 2012
Location
Address: 109 West Main Street, State Center, IA 50247 County: Marshall 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 Core Based Statistical Area (CBSA): Marshalltown, IA (#32260) CBSA Micro Statistical Area: Yes
History of Changes
Change in Location
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $165.2 mil Equity capital: $21.0 mil Deposits held in domestic offices: $126.2 mil Return on assets (ROA): 1.43% ($2.4 mil) Quarterly return on assets: 2.40% ($4.0 mil) Return on Equity (ROE): 11.98% ($2.5 mil) Quarterly return on equity: 19.54% ($4.1 mil) Net income: $2.3 mil Quarterly Net income: $1.0 mil Pretax return on assets: 1.51% ($2,493.8 mil) Quarterly Pretax return on assets: 2.50% ($4,128.9 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2011)
Dollar figures in thousands
18Total employees (full-time equivalent)
$165,154Total assets
$5,989Cash and due from depository institutions
$5,584Interest-bearing balances
$66,669Securities
$568Federal funds sold & reverse repurchase agreements
$88,506Net loans & leases
$2,189Loan loss allowance
$0Trading account assets
$256Bank premises and fixed assets
$443Other real estate owned
$0Goodwill and other intangibles
$165,154Life insurance assets
$2,723All other assets
$144,136Total liabilities and capital
$126,183Total liabilities
$115,997Total deposits
$126,183Interest-bearing deposits
$90Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$17,300Trading liabilities
$0Other borrowed funds
$653Subordinated debt
$21,018All other liabilities
$21,018Total equity capital
$21,018Total bank equity capital
$0Perpetual preferred stock
$300Common stock
$6,750Surplus
$13,968Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$3,726Income earned, not collected on loans
$0Earning assets
$1,439Long-term assets (5+ years)
$161,327Average Assets, year-to-date
$48,506Average Assets, quarterly
$162,741Volatile liabilities
$169,849Insider loans
$134,813FHLB advances
$170,574Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$20,983Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$15,684Restructured Loans and leases
$575Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$7,531Total interest income
$2,473Total interest expense
$5,058Net interest income
$399Provision for loan and lease losses
$427Total noninterest income
$0Fiduciary activities
$93Service charges on deposit accounts
$0Trading account gains & fees
$334Additional noninterest income
$2,631Total noninterest expense
$1,450Salaries and employee benefits
$225Premises and equipment expense
$956Additional noninterest expense
$2,455Pre-tax net operating income
$0Securities gains (losses)
$122Applicable income taxes
$2,333Income before extraordinary items
$0Extraordinary gains - net
$2,333Net income attributable to bank
$0Net charge-offs
$2,333Cash dividends
-$16Sale, conversion, retirement of capital stock, net
$950Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.77%Yield on earning assets
1.57%Cost of funding earning assets
3.20%Net interest margin
0.27%Noninterest income to earning assets
1.67%Noninterest expense to earning assets
1.43%Net operating income to assets
1.43%Return on assets (ROA)
1.51%Pretax return on assets
11.98%Return on equity (ROE)
7.10%Retained earnings to average equity (YTD only)
-0.02%Net charge-offs to loans
-2493.75%Credit loss provision to net charge-offs
0.00%Efficiency ratio
47,967Assets per employee
9.18%Cash dividends to net income (YTD only)
Condition Ratios (%)
40.72%Loss allowance to loans
2.41%Loss allowance to noncurrent loans
58.75%Noncurrent assets plus other real estate owned to assets
3.02%Noncurrent loans to loans
4.11%Net loans and leases to deposits
70.14%Net loans and leases to core deposits
93.76%Equity capital to assets
12.73%Core capital (leverage) ratio
12.30%Tier 1 risk-based capital ratio
15.56%Total risk-based capital ratio
Memoranda
$17Average assets
$162,741Average earning assets
$19,470Average equity
$157,896Average loans
Total Fiduciary and Related Assets (December 31, 2005)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
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