First Security Bank and Trust Company in city_name, state_name

First Security Bank and Trust Company in Charles City, Iowa (IA)
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First Security Bank and Trust Company routing number info

First Security Bank and Trust Company - Overview

General
FDIC Certificate #: 1852
Status: Active
Federal Reserve ID: 894544
Bank Holding Company (Regulatory Top Holder): Cedar Valley Bankshares, Ltd. (RSSDID: 1207815, Location: Charles City, IA)
Date Established: July 14, 1903
WWW: http://www.1stsecuritybank.com
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 14 (Domestic: 14, Interstate: No)
OTS Docket #: 12599
FDIC's unique #: 1233
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: Yes
Asset Concentration Hierarchy: Agricultural Specialization
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: November 07, 2009
Last Structure Change Process Date: November 23, 2009
Last Data Update: November 23, 2009
Data Source Date: April 05, 2012
Location
Address: 809 Clark Street, Charles City, IA 50616
County: Floyd
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
Participated in Absorption/Consolidation/Merger
Financial Summary
Total assets: $430.7 mil
Equity capital: $47.7 mil
Deposits held in domestic offices: $342.8 mil
Return on assets (ROA): 1.31% ($5.6 mil)
Quarterly return on assets: 1.33% ($5.7 mil)
Return on Equity (ROE): 12.48% ($6.0 mil)
Quarterly return on equity: 12.16% ($5.8 mil)
Net income: $5.6 mil
Quarterly Net income: $1.4 mil
Pretax return on assets: 1.37% ($5,900.9 mil)
Quarterly Pretax return on assets: 1.40% ($6,030.1 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
124Total employees (full-time equivalent)
$430,723Total assets
$11,365Cash and due from depository institutions
$1,785Interest-bearing balances
$138,451Securities
$0Federal funds sold & reverse repurchase agreements
$260,595Net loans & leases
$4,287Loan loss allowance
$0Trading account assets
$3,226Bank premises and fixed assets
$29Other real estate owned
$5,113Goodwill and other intangibles
$430,723Life insurance assets
$11,944All other assets
$383,052Total liabilities and capital
$342,823Total liabilities
$285,181Total deposits
$342,823Interest-bearing deposits
$92Deposits held in domestic offices
4327.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$33,800Trading liabilities
$0Other borrowed funds
$2,102Subordinated debt
$47,671All other liabilities
$47,671Total equity capital
$47,671Total bank equity capital
$0Perpetual preferred stock
$500Common stock
$19,051Surplus
$28,120Undivided profits
Memoranda
$0Noncurrent loans and leases
$476Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$9,485Income earned, not collected on loans
$0Earning assets
$4,186Long-term assets (5+ years)
$400,831Average Assets, year-to-date
$140,429Average Assets, quarterly
$429,147Volatile liabilities
$431,597Insider loans
$312,051FHLB advances
$428,293Loans and leases held for sale
$3,012Unused loan commitments
$2,164Tier 1 (core) risk-based capital
$38,081Tier 2 risk-based capital
$0Total risk weighted assets
$848Total unused commitments
$50,767Restructured Loans and leases
$7,968Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$21,061Total interest income
$4,760Total interest expense
$16,301Net interest income
$2,115Provision for loan and lease losses
$2,534Total noninterest income
$256Fiduciary activities
$935Service charges on deposit accounts
$0Trading account gains & fees
$1,343Additional noninterest income
$10,731Total noninterest expense
$6,428Salaries and employee benefits
$1,479Premises and equipment expense
$2,824Additional noninterest expense
$5,989Pre-tax net operating income
-$94Securities gains (losses)
$284Applicable income taxes
$5,611Income before extraordinary items
$0Extraordinary gains - net
$5,611Net income attributable to bank
$0Net charge-offs
$5,611Cash dividends
$1,635Sale, conversion, retirement of capital stock, net
$3,820Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.25%Yield on earning assets
1.19%Cost of funding earning assets
4.06%Net interest margin
0.63%Noninterest income to earning assets
2.67%Noninterest expense to earning assets
1.33%Net operating income to assets
1.31%Return on assets (ROA)
1.37%Pretax return on assets
12.48%Return on equity (ROE)
3.98%Retained earnings to average equity (YTD only)
0.60%Net charge-offs to loans
129.36%Credit loss provision to net charge-offs
4.96%Efficiency ratio
56,576Assets per employee
3.47%Cash dividends to net income (YTD only)
Condition Ratios (%)
68.08%Loss allowance to loans
1.62%Loss allowance to noncurrent loans
45.20%Noncurrent assets plus other real estate owned to assets
2.28%Noncurrent loans to loans
3.58%Net loans and leases to deposits
76.01%Net loans and leases to core deposits
77.29%Equity capital to assets
11.07%Core capital (leverage) ratio
8.89%Tier 1 risk-based capital ratio
12.20%Total risk-based capital ratio
Memoranda
$13Average assets
$429,147Average earning assets
$44,971Average equity
$401,284Average 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
YesFiduciary powers granted
YesFiduciary or related activity
$50,903Managed Assets
1Number of Accounts
$49,484Personal trust and agency accounts
$29,879Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$0Other retirement accounts
$0Corporate trust and agency accounts
$0Investment management agency accounts
$19,605Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
$0Non-managed Assets
286Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$1,419Other retirement accounts
$1,419Corporate trust and agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices

List of branches

14 Iowa Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	1233	First Security Bank And Trust Compan	809 Clark Street, Charles City, IA 50616	July 14, 1903	Full Service Brick and Mortar
1	190225	Ionia Branch	201 West Main Street, Ionia, IA 50645	March 31, 1958	Full Service Brick and Mortar
2	190226	Marble Rock Branch	101 Main Street South, Marble Rock, IA 50653	June 01, 1935	Full Service Brick and Mortar
4	5828	Rockford Branch	211 West Main Avenue, Rockford, IA 50468	January 01, 1925	Full Service Brick and Mortar
5	8984	Aredale Branch	Main Street, Aredale, IA 50605	May 27, 1927	Full Service Brick and Mortar
6	242617	Dumont Branch	511 Main Street, Dumont, IA 50625	April 30, 1993	Full Service Brick and Mortar
8	2972	Riceville Branch	109 Woodland Avenue, Riceville, IA 50466	January 10, 1907	Full Service Brick and Mortar
9	5414	Manly Branch	116 East Elmore, Manly, IA 50456	June 21, 1926	Full Service Brick and Mortar
10	5147	Nora Springs Branch	26 West Congress Street, Nora Springs, IA 50458	January 01, 1900	Full Service Brick and Mortar
11	217912	Rudd Branch	412 Chickasaw Street, Rudd, IA 50471	July 01, 1950	Full Service Brick and Mortar
12	11807	Rockwell Branch	319 Main Street, Rockwell, IA 50469	May 01, 1917	Full Service Brick and Mortar
13	10015	Thornton Branch	Main Street, Thornton, IA 50479	January 01, 1906	Full Service Brick and Mortar
14	235246	Meservey Branch	424 First Street, Meservey, IA 50457	November 01, 1940	Full Service Brick and Mortar
15	235247	Swaledale Branch	309-311 Lincoln Street, Swaledale, IA 50477	December 03, 1955	Full Service Brick and Mortar

First Security Bank and Trust Company in Charles City, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Security Bank and Trust Company - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Total Fiduciary and Related Assets (December 31, 2011)

List of branches

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

First Security Bank and Trust Company in Charles City, Iowa (IA)Overview, Financial Summary, Detailed Financial Reports, Branches

First Security Bank and Trust Company - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Total Fiduciary and Related Assets (December 31, 2011)

List of branches

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

First Security Bank and Trust Company in Charles City, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches