First State Bank in city_name, state_name - Detailed Financial Reports, Location

First State Bank in Webster City, Iowa (IA)
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First State Bank routing number info

First State Bank - Overview

General
FDIC Certificate #: 15321
Status: Active
Federal Reserve ID: 561145
Bank Holding Company (Regulatory Top Holder): Van Diest Investment Company (RSSDID: 1205026, Location: Ankeny, IA)
Date Established: October 15, 1935
WWW: http://www.fsbwc.com
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 5 (Domestic: 4, Interstate: No)
OTS Docket #: 13381
FDIC's unique #: 9657
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: No
Asset Concentration Hierarchy: Agricultural Specialization
Date of Deposit Insurance: December 16, 1935
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: 505 - 2nd Street, Webster City, IA 50595
County: Hamilton
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
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $283.6 mil
Equity capital: $31.4 mil
Deposits held in domestic offices: $217.7 mil
Return on assets (ROA): 1.41% ($4.0 mil)
Quarterly return on assets: 1.58% ($4.5 mil)
Return on Equity (ROE): 12.39% ($3.8 mil)
Quarterly return on equity: 13.95% ($4.3 mil)
Net income: $3.8 mil
Quarterly Net income: $1.1 mil
Pretax return on assets: 2.09% ($5,928.2 mil)
Quarterly Pretax return on assets: 2.38% ($6,750.8 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
89Total employees (full-time equivalent)
$283,646Total assets
$9,053Cash and due from depository institutions
$0Interest-bearing balances
$47,277Securities
$0Federal funds sold & reverse repurchase agreements
$207,187Net loans & leases
$2,049Loan loss allowance
$0Trading account assets
$8,890Bank premises and fixed assets
$215Other real estate owned
$3,679Goodwill and other intangibles
$283,646Life insurance assets
$7,345All other assets
$252,230Total liabilities and capital
$217,675Total liabilities
$189,936Total deposits
$217,675Interest-bearing deposits
$89Deposits held in domestic offices
14920.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$18,231Trading liabilities
$0Other borrowed funds
$1,404Subordinated debt
$31,416All other liabilities
$31,416Total equity capital
$31,416Total bank equity capital
$0Perpetual preferred stock
$759Common stock
$3,490Surplus
$27,167Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$412Income earned, not collected on loans
$0Earning assets
$2,942Long-term assets (5+ years)
$254,464Average Assets, year-to-date
$84,002Average Assets, quarterly
$265,424Volatile liabilities
$279,074Insider loans
$256,119FHLB advances
$275,088Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$26,524Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$43,736Restructured Loans and leases
$2,304Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$11,652Total interest income
$2,720Total interest expense
$8,932Net interest income
$350Provision for loan and lease losses
$5,521Total noninterest income
$13Fiduciary activities
$477Service charges on deposit accounts
$0Trading account gains & fees
$5,031Additional noninterest income
$8,551Total noninterest expense
$5,367Salaries and employee benefits
$952Premises and equipment expense
$2,232Additional noninterest expense
$5,552Pre-tax net operating income
$0Securities gains (losses)
$1,797Applicable income taxes
$3,755Income before extraordinary items
$0Extraordinary gains - net
$3,755Net income attributable to bank
$0Net charge-offs
$3,755Cash dividends
$66Sale, conversion, retirement of capital stock, net
$1,500Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
4.85%Yield on earning assets
1.13%Cost of funding earning assets
3.72%Net interest margin
2.30%Noninterest income to earning assets
3.56%Noninterest expense to earning assets
1.41%Net operating income to assets
1.41%Return on assets (ROA)
2.09%Pretax return on assets
12.39%Return on equity (ROE)
7.44%Retained earnings to average equity (YTD only)
0.03%Net charge-offs to loans
530.30%Credit loss provision to net charge-offs
89.42%Efficiency ratio
56,431Assets per employee
3.19%Cash dividends to net income (YTD only)
Condition Ratios (%)
39.95%Loss allowance to loans
0.98%Loss allowance to noncurrent loans
497.33%Noncurrent assets plus other real estate owned to assets
0.22%Noncurrent loans to loans
0.20%Net loans and leases to deposits
95.18%Net loans and leases to core deposits
99.89%Equity capital to assets
11.08%Core capital (leverage) ratio
9.64%Tier 1 risk-based capital ratio
10.36%Total risk-based capital ratio
Memoranda
$11Average assets
$265,424Average earning assets
$30,309Average equity
$240,129Average 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
$6,251Managed Assets
1Number of Accounts
$2,282Personal trust and agency accounts
$1,752Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$0Other retirement accounts
$0Corporate trust and agency accounts
$0Investment management agency accounts
$0Other fiduciary accounts
$530Fiduciary accounts held in foreign offices
$0Non-managed Assets
35Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$3,969Other retirement accounts
$94Corporate trust and agency accounts
$0Other fiduciary accounts
$3,875Fiduciary accounts held in foreign offices

List of branches

5 Iowa Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	9657	First State Bank	505 - 2nd Street, Webster City, IA 50595	October 15, 1935	Full Service Brick and Mortar
2	9386	Stanhope Branch	Park And Parker Streets, Stanhope, IA 50246	January 01, 1931	Full Service Brick and Mortar
6	364059	Eagle Grove Branch	323 South Commercial Avenue, Eagle Grove, IA 50533	October 01, 2001	Full Service Brick and Mortar
7	462756	First State Bank	3031 5th Avenue South, Fort Dodge, IA 50501	April 26, 2007	Full Service Brick and Mortar
8	529733	First State Bank	714 Central Avenue E, Clarion, IA 50525	March 12, 2012	Full Service Brick and Mortar

First State Bank in Webster City, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

First State Bank - 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 State Bank in Webster City, Iowa (IA)Overview, Financial Summary, Detailed Financial Reports, Branches

First State Bank - 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 State Bank in Webster City, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches