FDIC Certificate #: 12857 Status: Active Federal Reserve ID: 220844 Bank Holding Company (Regulatory Top Holder): Psb Corporation (RSSDID: 1210468, Location: Wellsburg, IA) Date Established: January 01, 1902 WWW:http://www.bankdsb.com Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) OTS Docket #: 13743 FDIC's unique #: 8138 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: No Asset Concentration Hierarchy: Other Specialized Lending < 1 Billion 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: 121 South State Street, Denver, IA 50622 County: Bremer Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Cedar Rapids Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: Western Core Based Statistical Area (CBSA): Waterloo-Cedar Falls, IA (#47940) CBSA Metro Statistical Area: Waterloo-Cedar Falls, IA (#47940)
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $124.5 mil Equity capital: $12.0 mil Deposits held in domestic offices: $101.4 mil Return on assets (ROA): 1.07% ($1.3 mil) Quarterly return on assets: 1.05% ($1.3 mil) Return on Equity (ROE): 11.46% ($1.4 mil) Quarterly return on equity: 10.79% ($1.3 mil) Net income: $1.2 mil Quarterly Net income: $0.3 mil Pretax return on assets: 1.34% ($1,668.1 mil) Quarterly Pretax return on assets: 1.31% ($1,630.7 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
20Total employees (full-time equivalent)
$124,483Total assets
$486Cash and due from depository institutions
$0Interest-bearing balances
$69,934Securities
$691Federal funds sold & reverse repurchase agreements
$46,327Net loans & leases
$338Loan loss allowance
$0Trading account assets
$1,355Bank premises and fixed assets
$319Other real estate owned
$1,312Goodwill and other intangibles
$124,483Life insurance assets
$4,059All other assets
$112,453Total liabilities and capital
$101,384Total liabilities
$93,552Total deposits
$101,384Interest-bearing deposits
$85Deposits held in domestic offices
323.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$9,450Trading liabilities
$0Other borrowed funds
$1,296Subordinated debt
$12,030All other liabilities
$12,030Total equity capital
$12,030Total bank equity capital
$0Perpetual preferred stock
$335Common stock
$4,161Surplus
$7,534Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$361Income earned, not collected on loans
$0Earning assets
$993Long-term assets (5+ years)
$116,952Average Assets, year-to-date
$74,164Average Assets, quarterly
$114,445Volatile liabilities
$122,334Insider loans
$60,520FHLB advances
$121,727Loans and leases held for sale
$1,862Unused loan commitments
$1,862Tier 1 (core) risk-based capital
$9,409Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$2,159Restructured Loans and leases
$374Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$4,979Total interest income
$1,825Total interest expense
$3,154Net interest income
$293Provision for loan and lease losses
$312Total noninterest income
$50Fiduciary activities
$115Service charges on deposit accounts
$0Trading account gains & fees
$147Additional noninterest income
$2,041Total noninterest expense
$1,267Salaries and employee benefits
$166Premises and equipment expense
$608Additional noninterest expense
$1,132Pre-tax net operating income
$406Securities gains (losses)
$314Applicable income taxes
$1,224Income before extraordinary items
$0Extraordinary gains - net
$1,224Net income attributable to bank
$0Net charge-offs
$1,224Cash dividends
$202Sale, conversion, retirement of capital stock, net
$149Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.67%Yield on earning assets
1.71%Cost of funding earning assets
2.96%Net interest margin
0.29%Noninterest income to earning assets
1.92%Noninterest expense to earning assets
0.79%Net operating income to assets
1.07%Return on assets (ROA)
1.34%Pretax return on assets
11.46%Return on equity (ROE)
10.06%Retained earnings to average equity (YTD only)
0.47%Net charge-offs to loans
145.05%Credit loss provision to net charge-offs
7.05%Efficiency ratio
58,886Assets per employee
6.22%Cash dividends to net income (YTD only)
Condition Ratios (%)
12.17%Loss allowance to loans
0.72%Loss allowance to noncurrent loans
93.63%Noncurrent assets plus other real estate owned to assets
0.75%Noncurrent loans to loans
0.77%Net loans and leases to deposits
45.69%Net loans and leases to core deposits
56.60%Equity capital to assets
9.66%Core capital (leverage) ratio
7.73%Tier 1 risk-based capital ratio
15.55%Total risk-based capital ratio
Memoranda
$16Average assets
$114,445Average earning assets
$10,681Average equity
$106,547Average loans
Total Fiduciary and Related Assets (December 31, 2011)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
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