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

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

Iowa State Bank - Overview

General
FDIC Certificate #: 10497
Status: Active
Federal Reserve ID: 298049
Bank Holding Company (Regulatory Top Holder): Sac City Limited (RSSDID: 1203488, Location: Carroll, IA)
Date Established: March 29, 1926
WWW: http://www.scsbank.com
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Domestic: 3, Interstate: No)
OTS Docket #: 13553
FDIC's unique #: 6717
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 01, 1934
Last Structure Change Effective Date: May 21, 2007
Last Structure Change Process Date: June 26, 2007
Last Data Update: June 26, 2007
Data Source Date: April 05, 2012
Location
Address: 500 Audubon Street, Sac City, IA 50583
County: Sac
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
Office Purchased
Financial Summary
Total assets: $110.6 mil
Equity capital: $11.2 mil
Deposits held in domestic offices: $96.2 mil
Return on assets (ROA): 1.40% ($1.6 mil)
Quarterly return on assets: 1.44% ($1.6 mil)
Return on Equity (ROE): 13.91% ($1.5 mil)
Quarterly return on equity: 14.02% ($1.5 mil)
Net income: $1.5 mil
Quarterly Net income: $0.4 mil
Pretax return on assets: 1.47% ($1,625.8 mil)
Quarterly Pretax return on assets: 1.52% ($1,681.1 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
20Total employees (full-time equivalent)
$110,598Total assets
$8,081Cash and due from depository institutions
$3,530Interest-bearing balances
$24,147Securities
$0Federal funds sold & reverse repurchase agreements
$74,434Net loans & leases
$1,178Loan loss allowance
$0Trading account assets
$823Bank premises and fixed assets
$0Other real estate owned
$1,595Goodwill and other intangibles
$110,598Life insurance assets
$1,518All other assets
$99,361Total liabilities and capital
$96,214Total liabilities
$84,519Total deposits
$96,214Interest-bearing deposits
$96Deposits held in domestic offices
2810.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$337Subordinated debt
$11,237All other liabilities
$11,237Total equity capital
$11,237Total bank equity capital
$0Perpetual preferred stock
$500Common stock
$4,940Surplus
$5,797Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1,963Income earned, not collected on loans
$213Earning assets
$917Long-term assets (5+ years)
$102,111Average Assets, year-to-date
$10,027Average Assets, quarterly
$109,121Volatile liabilities
$109,250Insider loans
$76,664FHLB advances
$108,623Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$9,073Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$8,545Restructured Loans and leases
$179Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$4,706Total interest income
$1,112Total interest expense
$3,594Net interest income
$300Provision for loan and lease losses
$463Total noninterest income
$87Fiduciary activities
$160Service charges on deposit accounts
$0Trading account gains & fees
$216Additional noninterest income
$2,151Total noninterest expense
$1,122Salaries and employee benefits
$249Premises and equipment expense
$780Additional noninterest expense
$1,606Pre-tax net operating income
$0Securities gains (losses)
$80Applicable income taxes
$1,526Income before extraordinary items
$0Extraordinary gains - net
$1,526Net income attributable to bank
$0Net charge-offs
$1,526Cash dividends
$187Sale, conversion, retirement of capital stock, net
$819Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
4.66%Yield on earning assets
1.10%Cost of funding earning assets
3.56%Net interest margin
0.46%Noninterest income to earning assets
2.13%Noninterest expense to earning assets
1.40%Net operating income to assets
1.40%Return on assets (ROA)
1.47%Pretax return on assets
13.91%Return on equity (ROE)
6.44%Retained earnings to average equity (YTD only)
0.26%Net charge-offs to loans
160.43%Credit loss provision to net charge-offs
10.19%Efficiency ratio
50,801Assets per employee
5.53%Cash dividends to net income (YTD only)
Condition Ratios (%)
53.67%Loss allowance to loans
1.56%Loss allowance to noncurrent loans
60.01%Noncurrent assets plus other real estate owned to assets
1.77%Noncurrent loans to loans
2.60%Net loans and leases to deposits
77.36%Net loans and leases to core deposits
78.43%Equity capital to assets
10.16%Core capital (leverage) ratio
8.35%Tier 1 risk-based capital ratio
11.83%Total risk-based capital ratio
Memoranda
$13Average assets
$109,121Average earning assets
$10,974Average equity
$100,886Average 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
$33,429Managed Assets
1Number of Accounts
$33,048Personal trust and agency accounts
$9,735Employee 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
$23,313Non-managed Assets
87Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$381Other retirement accounts
$381Corporate trust and agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices

List of branches

3 Iowa Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	6717	Iowa State Bank	500 Audubon Street, Sac City, IA 50583	March 29, 1926	Full Service Brick and Mortar
2	282033	219 South Main Street Branch	219 South Main Street, Odebolt, IA 51458	January 01, 1954	Full Service Brick and Mortar
3	282034	Fifth At Main Branch	Fifth At Main, Lake View, IA 51450	January 01, 1954	Full Service Brick and Mortar

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

Iowa 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:

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

Iowa 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:

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