First Federal Savings Bank of Creston, F.S.B. in city_name, state_name

First Federal Savings Bank of Creston, F.S.B. in Creston, Iowa (IA)
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First Federal Savings Bank of Creston, F.S.B. - Overview

General
FDIC Certificate #: 33524
Status: Active
Federal Reserve ID: 1916809
Bank Holding Company (Regulatory Top Holder): Whitmore Company, Inc. (RSSDID: 1200049, Location: Corning, IA)
Date Established: November 01, 1991
WWW: http://www.ffsbank.com
Trust Powers Granted: No
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
Offices: 4 (Domestic: 4, Interstate: No)
OTS Docket #: 9501
FDIC's unique #: 47363
Numeric code: 33
Regulator: OCC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
FDIC Insured: Yes
Insured Savings Institution: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: No
Subchapter S Corporations: Yes
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: November 01, 1991
Last Structure Change Effective Date: July 21, 2011
Last Structure Change Process Date: July 21, 2011
Last Data Update: July 21, 2011
Data Source Date: April 05, 2012
Location
Address: 501 W. Taylor St., Creston, IA 50801
County: Union
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 Primary Regulatory Agency
Financial Summary
Total assets: $72.0 mil
Equity capital: $7.7 mil
Deposits held in domestic offices: $64.1 mil
Return on assets (ROA): 0.97% ($0.7 mil)
Quarterly return on assets: 1.06% ($0.8 mil)
Return on Equity (ROE): 8.80% ($0.7 mil)
Quarterly return on equity: 9.64% ($0.8 mil)
Net income: $0.7 mil
Quarterly Net income: $0.2 mil
Pretax return on assets: 1.02% ($734.4 mil)
Quarterly Pretax return on assets: 1.12% ($806.4 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
21Total employees (full-time equivalent)
$71,998Total assets
$7,418Cash and due from depository institutions
$5,462Interest-bearing balances
$21,227Securities
$176Federal funds sold & reverse repurchase agreements
$40,032Net loans & leases
$235Loan loss allowance
$0Trading account assets
$2,193Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$71,998Life insurance assets
$952All other assets
$64,260Total liabilities and capital
$64,052Total liabilities
$60,818Total deposits
$64,052Interest-bearing deposits
$93Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$208Subordinated debt
$7,738All other liabilities
$7,738Total equity capital
$7,738Total bank equity capital
$0Perpetual preferred stock
$3,500Common stock
$0Surplus
$4,238Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$49Income earned, not collected on loans
$0Earning assets
$649Long-term assets (5+ years)
$66,897Average Assets, year-to-date
$0Average Assets, quarterly
$67,774Volatile liabilities
$69,715Insider loans
$43,572FHLB advances
$71,998Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$7,738Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$5,677Restructured Loans and leases
$94Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$3,021Total interest income
$707Total interest expense
$2,314Net interest income
$7Provision for loan and lease losses
$363Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$363Additional noninterest income
$1,976Total noninterest expense
$1,086Salaries and employee benefits
$588Premises and equipment expense
$302Additional noninterest expense
$694Pre-tax net operating income
$0Securities gains (losses)
$35Applicable income taxes
$659Income before extraordinary items
$0Extraordinary gains - net
$659Net income attributable to bank
$0Net charge-offs
$659Cash dividends
$7Sale, conversion, retirement of capital stock, net
$190Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
4.80%Yield on earning assets
1.12%Cost of funding earning assets
3.68%Net interest margin
0.58%Noninterest income to earning assets
3.14%Noninterest expense to earning assets
0.97%Net operating income to assets
0.97%Return on assets (ROA)
1.02%Pretax return on assets
8.80%Return on equity (ROE)
6.27%Retained earnings to average equity (YTD only)
0.02%Net charge-offs to loans
100.00%Credit loss provision to net charge-offs
100.14%Efficiency ratio
73,814Assets per employee
3.43%Cash dividends to net income (YTD only)
Condition Ratios (%)
28.83%Loss allowance to loans
0.58%Loss allowance to noncurrent loans
479.59%Noncurrent assets plus other real estate owned to assets
0.07%Noncurrent loans to loans
0.12%Net loans and leases to deposits
62.50%Net loans and leases to core deposits
62.50%Equity capital to assets
10.75%Core capital (leverage) ratio
10.75%Tier 1 risk-based capital ratio
17.76%Total risk-based capital ratio
Memoranda
$18Average assets
$67,774Average earning assets
$7,485Average equity
$62,924Average loans

List of branches

4 Iowa Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	47363	First Federal Savings Bank Of Creston, F.S.b.	501 W. Taylor St., Creston, IA 50801	November 01, 1991	Full Service Brick and Mortar
2	271347	609 Davis Ave Branch	609 Davis Avenue, Corning, IA 50841	January 01, 1930	Full Service Brick and Mortar
3	271348	210 N Main St Branch	210 North Main Street, Lenox, IA 50851	January 01, 1930	Full Service Brick and Mortar
4	271349	110 W Madison St Branch	110 West Madison Street, Mount Ayr, IA 50854	January 01, 1930	Full Service Brick and Mortar

First Federal Savings Bank of Creston, F.S.B. in Creston, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Federal Savings Bank of Creston, F.S.B. - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

First Federal Savings Bank of Creston, F.S.B. in Creston, Iowa (IA)Overview, Financial Summary, Detailed Financial Reports, Branches

First Federal Savings Bank of Creston, F.S.B. - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

First Federal Savings Bank of Creston, F.S.B. in Creston, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches