Heartland Bank in city_name, state_name - Detailed Financial Reports, Location

Heartland Bank in Somers, Iowa (IA)
Show street view No street view available for this location

Heartland Bank routing number info

Heartland Bank - Overview

General
FDIC Certificate #: 14809
Status: Active
Federal Reserve ID: 604547
Bank Holding Company (Regulatory Top Holder): Somers Bancorporation (RSSDID: 1249105, Location: Somers, IA)
Date Established: January 01, 1901
WWW: http://www.heartlandbanks.com
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 4 (Domestic: 4, Interstate: No)
OTS Docket #: 15458
FDIC's unique #: 9266
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: October 16, 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: 615 Sixth Avenue, Somers, IA 50586
County: Calhoun
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: $106.4 mil
Equity capital: $14.6 mil
Deposits held in domestic offices: $79.8 mil
Return on assets (ROA): 1.94% ($2.1 mil)
Quarterly return on assets: 1.54% ($1.6 mil)
Return on Equity (ROE): 13.89% ($2.1 mil)
Quarterly return on equity: 11.16% ($1.7 mil)
Net income: $2.0 mil
Quarterly Net income: $0.4 mil
Pretax return on assets: 2.04% ($2,170.1 mil)
Quarterly Pretax return on assets: 1.63% ($1,734.0 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
21Total employees (full-time equivalent)
$106,378Total assets
$2,763Cash and due from depository institutions
$197Interest-bearing balances
$31,438Securities
$0Federal funds sold & reverse repurchase agreements
$68,110Net loans & leases
$864Loan loss allowance
$0Trading account assets
$1,022Bank premises and fixed assets
$117Other real estate owned
$661Goodwill and other intangibles
$106,378Life insurance assets
$2,267All other assets
$91,810Total liabilities and capital
$79,783Total liabilities
$67,074Total deposits
$79,783Interest-bearing deposits
$88Deposits held in domestic offices
2904.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$8,506Trading liabilities
$0Other borrowed funds
$617Subordinated debt
$14,568All other liabilities
$14,568Total equity capital
$14,568Total bank equity capital
$0Perpetual preferred stock
$570Common stock
$2,180Surplus
$11,818Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$102Income earned, not collected on loans
$0Earning assets
$1,395Long-term assets (5+ years)
$99,745Average Assets, year-to-date
$26,189Average Assets, quarterly
$100,912Volatile liabilities
$105,007Insider loans
$85,246FHLB advances
$101,791Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$12,857Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$24,024Restructured Loans and leases
$484Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$4,859Total interest income
$650Total interest expense
$4,209Net interest income
$0Provision for loan and lease losses
$568Total noninterest income
$0Fiduciary activities
$408Service charges on deposit accounts
$0Trading account gains & fees
$160Additional noninterest income
$2,776Total noninterest expense
$1,840Salaries and employee benefits
$275Premises and equipment expense
$661Additional noninterest expense
$2,001Pre-tax net operating income
$56Securities gains (losses)
$104Applicable income taxes
$1,953Income before extraordinary items
$0Extraordinary gains - net
$1,953Net income attributable to bank
$0Net charge-offs
$1,953Cash dividends
$3Sale, conversion, retirement of capital stock, net
$1,352Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.16%Yield on earning assets
0.69%Cost of funding earning assets
4.47%Net interest margin
0.60%Noninterest income to earning assets
2.95%Noninterest expense to earning assets
1.88%Net operating income to assets
1.94%Return on assets (ROA)
2.04%Pretax return on assets
13.89%Return on equity (ROE)
4.27%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
667.00%Efficiency ratio
58,112Assets per employee
5.07%Cash dividends to net income (YTD only)
Condition Ratios (%)
69.23%Loss allowance to loans
1.25%Loss allowance to noncurrent loans
847.06%Noncurrent assets plus other real estate owned to assets
0.21%Noncurrent loans to loans
0.15%Net loans and leases to deposits
85.37%Net loans and leases to core deposits
91.43%Equity capital to assets
13.69%Core capital (leverage) ratio
12.63%Tier 1 risk-based capital ratio
15.08%Total risk-based capital ratio
Memoranda
$16Average assets
$100,912Average earning assets
$14,064Average equity
$94,116Average 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
$379Managed Assets
1Number of Accounts
$357Personal trust and agency accounts
$357Employee 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
5Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$22Other retirement accounts
$22Corporate trust and agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices

List of branches

4 Iowa Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	9266	Heartland Bank	615 Sixth Avenue, Somers, IA 50586	January 01, 1901	Full Service Brick and Mortar
1	232169	Callender Branch	425 Thomas Street, Callender, IA 50523	September 19, 1936	Full Service Brick and Mortar
2	8708	1113 Market Street Branch	1113 Market Street, Gowrie, IA 50543	October 30, 1883	Full Service Brick and Mortar
3	429517	Manson Branch	1314 1st Avenue, Manson, IA 50563	August 18, 2003	Full Service Brick and Mortar

Heartland Bank in Somers, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Heartland 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:

Heartland Bank in Somers, Iowa (IA)Overview, Financial Summary, Detailed Financial Reports, Branches

Heartland 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:

Heartland Bank in Somers, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches