FDIC Certificate #: 16217 Status: Active Federal Reserve ID: 1003549 Bank Holding Company (Regulatory Top Holder): Delaware Service Company (RSSDID: 1200469, Location: Manchester, IA) Date Established: January 02, 1945 WWW:http://www.fsbia.com Trust Powers Granted: Yes Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 10416 Numeric code: 13 Regulator: FED 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 02, 1945 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: 300 East Main Street, Manchester, IA 52057 County: Delaware 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
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $148.9 mil Equity capital: $17.7 mil Deposits held in domestic offices: $130.8 mil Return on assets (ROA): 1.33% ($2.0 mil) Quarterly return on assets: 1.60% ($2.4 mil) Return on Equity (ROE): 12.34% ($2.2 mil) Quarterly return on equity: 13.72% ($2.5 mil) Net income: $2.0 mil Quarterly Net income: $0.6 mil Pretax return on assets: 1.42% ($2,114.4 mil) Quarterly Pretax return on assets: 1.76% ($2,620.7 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
26Total employees (full-time equivalent)
$148,902Total assets
$23,214Cash and due from depository institutions
$18,692Interest-bearing balances
$52,725Securities
$1,003Federal funds sold & reverse repurchase agreements
$69,015Net loans & leases
$581Loan loss allowance
$0Trading account assets
$513Bank premises and fixed assets
$737Other real estate owned
$0Goodwill and other intangibles
$148,902Life insurance assets
$1,695All other assets
$131,251Total liabilities and capital
$130,801Total liabilities
$111,721Total deposits
$130,801Interest-bearing deposits
$95Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$450Subordinated debt
$17,651All other liabilities
$17,651Total equity capital
$17,651Total bank equity capital
$0Perpetual preferred stock
$200Common stock
$2,300Surplus
$15,151Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$528Income earned, not collected on loans
$0Earning assets
$1,140Long-term assets (5+ years)
$141,435Average Assets, year-to-date
$43,930Average Assets, quarterly
$147,389Volatile liabilities
$149,583Insider loans
$85,772FHLB advances
$149,724Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$15,916Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$5,160Restructured Loans and leases
$1,630Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$6,311Total interest income
$1,884Total interest expense
$4,427Net interest income
$250Provision for loan and lease losses
$684Total noninterest income
$18Fiduciary activities
$147Service charges on deposit accounts
$0Trading account gains & fees
$519Additional noninterest income
$2,904Total noninterest expense
$1,610Salaries and employee benefits
$351Premises and equipment expense
$943Additional noninterest expense
$1,957Pre-tax net operating income
$135Securities gains (losses)
$134Applicable income taxes
$1,958Income before extraordinary items
$0Extraordinary gains - net
$1,958Net income attributable to bank
$0Net charge-offs
$1,958Cash dividends
$477Sale, conversion, retirement of capital stock, net
$865Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.52%Yield on earning assets
1.35%Cost of funding earning assets
3.17%Net interest margin
0.49%Noninterest income to earning assets
2.08%Noninterest expense to earning assets
1.24%Net operating income to assets
1.33%Return on assets (ROA)
1.42%Pretax return on assets
12.34%Return on equity (ROE)
6.89%Retained earnings to average equity (YTD only)
0.65%Net charge-offs to loans
52.41%Credit loss provision to net charge-offs
4.63%Efficiency ratio
56,819Assets per employee
5.73%Cash dividends to net income (YTD only)
Condition Ratios (%)
44.18%Loss allowance to loans
0.83%Loss allowance to noncurrent loans
110.04%Noncurrent assets plus other real estate owned to assets
0.85%Noncurrent loans to loans
0.76%Net loans and leases to deposits
52.76%Net loans and leases to core deposits
54.57%Equity capital to assets
11.85%Core capital (leverage) ratio
10.63%Tier 1 risk-based capital ratio
18.56%Total risk-based capital ratio
Memoranda
$19Average assets
$147,389Average earning assets
$15,865Average equity
$139,742Average 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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