FDIC Certificate #: 13680 Status: Active Federal Reserve ID: 976347 Bank Holding Company (Regulatory Top Holder): First State Associates, Inc. (RSSDID: 2410582, Location: Hawarden, IA) Date Established: January 01, 1934 WWW:http://www.fsbhawarden.com Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) OTS Docket #: 14625 FDIC's unique #: 8552 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 13, 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: 722 Central Avenue, Hawarden, IA 51023 County: Sioux Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Sioux City Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: Western
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $45.1 mil Equity capital: $3.8 mil Deposits held in domestic offices: $37.1 mil Return on assets (ROA): 1.32% ($0.6 mil) Quarterly return on assets: 0.94% ($0.4 mil) Return on Equity (ROE): 15.84% ($0.6 mil) Quarterly return on equity: 11.31% ($0.5 mil) Net income: $0.6 mil Quarterly Net income: $0.1 mil Pretax return on assets: 1.38% ($622.0 mil) Quarterly Pretax return on assets: 0.98% ($441.7 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
10Total employees (full-time equivalent)
$45,076Total assets
$8,217Cash and due from depository institutions
$6,921Interest-bearing balances
$2,063Securities
$0Federal funds sold & reverse repurchase agreements
$33,463Net loans & leases
$406Loan loss allowance
$0Trading account assets
$168Bank premises and fixed assets
$0Other real estate owned
$299Goodwill and other intangibles
$45,076Life insurance assets
$866All other assets
$41,298Total liabilities and capital
$37,092Total liabilities
$31,828Total deposits
$37,092Interest-bearing deposits
$87Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$4,100Trading liabilities
$0Other borrowed funds
$106Subordinated debt
$3,778All other liabilities
$3,778Total equity capital
$3,778Total bank equity capital
$0Perpetual preferred stock
$232Common stock
$1,995Surplus
$1,551Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$80Income earned, not collected on loans
$0Earning assets
$490Long-term assets (5+ years)
$42,447Average Assets, year-to-date
$4,343Average Assets, quarterly
$45,533Volatile liabilities
$45,395Insider loans
$31,196FHLB advances
$44,291Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$3,479Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$14,158Restructured Loans and leases
$3,261Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$2,050Total interest income
$557Total interest expense
$1,493Net interest income
$12Provision for loan and lease losses
$150Total noninterest income
$0Fiduciary activities
$87Service charges on deposit accounts
$0Trading account gains & fees
$63Additional noninterest income
$1,001Total noninterest expense
$611Salaries and employee benefits
$87Premises and equipment expense
$303Additional noninterest expense
$630Pre-tax net operating income
$0Securities gains (losses)
$30Applicable income taxes
$600Income before extraordinary items
$0Extraordinary gains - net
$600Net income attributable to bank
$0Net charge-offs
$600Cash dividends
$0Sale, conversion, retirement of capital stock, net
$540Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.74%Yield on earning assets
1.29%Cost of funding earning assets
3.45%Net interest margin
0.35%Noninterest income to earning assets
2.32%Noninterest expense to earning assets
1.32%Net operating income to assets
1.32%Return on assets (ROA)
1.38%Pretax return on assets
15.84%Return on equity (ROE)
1.58%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
60,925Assets per employee
4.51%Cash dividends to net income (YTD only)
Condition Ratios (%)
90.00%Loss allowance to loans
1.20%Loss allowance to noncurrent loans
507.50%Noncurrent assets plus other real estate owned to assets
0.18%Noncurrent loans to loans
0.24%Net loans and leases to deposits
90.22%Net loans and leases to core deposits
90.95%Equity capital to assets
8.38%Core capital (leverage) ratio
7.85%Tier 1 risk-based capital ratio
11.15%Total risk-based capital ratio
Memoranda
$12Average assets
$45,533Average earning assets
$3,789Average equity
$43,225Average loans
Total Fiduciary and Related Assets (December 31, 2002)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
YesFiduciary powers granted
YesFiduciary or related activity
$197Managed Assets
1Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$0Other retirement accounts
$0Corporate trust and agency accounts
$0Investment management agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
$0Non-managed Assets
31Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$197Other retirement accounts
$197Corporate trust and agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
List of branches
1 Iowa Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
8552
First State Bank
722 Central Avenue, Hawarden, IA 51023
January 01, 1934
Full Service Brick and Mortar
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