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

This bank is inactive as of November 07, 2009

First State Bank in Riceville, Iowa (IA)
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First State Bank - Overview

General
FDIC Certificate #: 4498
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First Security Bank and Trust Company (#1852)
Federal Reserve ID: 529846
Date Established: January 10, 1907
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Interstate: No)
OTS Docket #: 15729
FDIC's unique #: 2972
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
State Chartered: Yes
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: 109 Woodland Avenue, Riceville, IA 50466
County: Mitchell
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
Financial Summary
Total assets: $62.2 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, 2008)

Dollar figures in thousands
17Total employees (full-time equivalent)
$59,035Total assets
$1,096Cash and due from depository institutions
$122Interest-bearing balances
$17,019Securities
$0Federal funds sold & reverse repurchase agreements
$37,379Net loans & leases
$527Loan loss allowance
$0Trading account assets
$533Bank premises and fixed assets
$28Other real estate owned
$928Goodwill and other intangibles
$844Life insurance assets
$2,052All other assets
$59,035Total liabilities and capital
$53,319Total liabilities
$47,012Total deposits
$39,854Interest-bearing deposits
$47,012Deposits held in domestic offices
0.00%% insured (estimated)
$2,441Federal funds purchased & repurchase agreements
$0Trading liabilities
$3,300Other borrowed funds
$0Subordinated debt
$566All other liabilities
$5,716Total equity capital
$5,716Total bank equity capital
$5,716Perpetual preferred stock
$0Common stock
$100Surplus
$1,400Undivided profits
Memoranda
$4,216Noncurrent loans and leases
$6,439Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$506Earning assets
$0Long-term assets (5+ years)
$852Average Assets, year-to-date
$54,520Average Assets, quarterly
$19,187Volatile liabilities
$57,018Insider loans
$58,444FHLB advances
$8,114Loans and leases held for sale
$2,023Unused loan commitments
$3,300Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$6,439Total unused commitments
$167Restructured Loans and leases
$527Derivatives

Income and Expense (December 31, 2008)

Dollar figures in thousands
$3,358Total interest income
$1,216Total interest expense
$2,142Net interest income
$36Provision for loan and lease losses
$241Total noninterest income
$0Fiduciary activities
$157Service charges on deposit accounts
$0Trading account gains & fees
$84Additional noninterest income
$1,457Total noninterest expense
$858Salaries and employee benefits
$127Premises and equipment expense
$472Additional noninterest expense
$890Pre-tax net operating income
$5Securities gains (losses)
$41Applicable income taxes
$854Income before extraordinary items
$0Extraordinary gains - net
$854Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$39Sale, conversion, retirement of capital stock, net
$1,348Net operating income

Performance and Condition Ratios (December 31, 2008)

Dollar figures in thousands
Performance Ratios (%, annualized)
6.42%Yield on earning assets
2.32%Cost of funding earning assets
4.09%Net interest margin
0.46%Noninterest income to earning assets
2.78%Noninterest expense to earning assets
1.49%Net operating income to assets
1.50%Return on assets (ROA)
1.57%Pretax return on assets
15.04%Return on equity (ROE)
-8.70%Retained earnings to average equity (YTD only)
0.10%Net charge-offs to loans
92.31%Credit loss provision to net charge-offs
23.74%Efficiency ratio
60,512Assets per employee
3.47%Cash dividends to net income (YTD only)
Condition Ratios (%)
157.85%Loss allowance to loans
1.39%Loss allowance to noncurrent loans
104.15%Noncurrent assets plus other real estate owned to assets
0.90%Noncurrent loans to loans
1.33%Net loans and leases to deposits
79.51%Net loans and leases to core deposits
87.46%Equity capital to assets
9.68%Core capital (leverage) ratio
8.53%Tier 1 risk-based capital ratio
11.23%Total risk-based capital ratio
Memoranda
$12Average assets
$57,018Average earning assets
$5,677Average equity
$52,345Average loans

Total Fiduciary and Related Assets (December 31, 2008)

Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
YesFiduciary powers granted
YesFiduciary or related activity
$335Managed 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
75Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$335Other retirement accounts
$335Corporate trust and agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices

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