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

This bank is inactive as of December 31, 1997

Iowa State Bank in Ireton, Iowa (IA)
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Iowa State Bank - Overview

General
FDIC Certificate #: 14292
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Iowa State Bank (#21039)
Federal Reserve ID: 652342
Date Established: May 01, 1915
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Interstate: No)
OTS Docket #: 14302
FDIC's unique #: 8928
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: April 06, 1934
Last Structure Change Effective Date: December 31, 1997
Last Structure Change Process Date: Febuary 03, 1998
Last Data Update: Febuary 03, 1998
Data Source Date: April 05, 2012
Location
Address: 308 Main Street, Ireton, IA 51027
County: Sioux
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
Financial Summary
Total assets: $26.1 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

Dollar figures in thousands
0Total employees (full-time equivalent)
$9Total assets
$27,224Cash and due from depository institutions
$1,931Interest-bearing balances
$390Securities
$12,382Federal funds sold & reverse repurchase agreements
$200Net loans & leases
$12,140Loan loss allowance
$247Trading account assets
$0Bank premises and fixed assets
$148Other real estate owned
$0Goodwill and other intangibles
$423Life insurance assets
$0All other assets
$0Total liabilities and capital
$27,224Total liabilities
$24,063Total deposits
$23,903Interest-bearing deposits
$19,795Deposits held in domestic offices
23903.00%% insured (estimated)
$82Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$160Total equity capital
$160Total bank equity capital
$3,161Perpetual preferred stock
$0Common stock
$250Surplus
$1,375Undivided profits
Memoranda
$1,536Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$12Income earned, not collected on loans
$174Earning assets
$25,112Long-term assets (5+ years)
$3,035Average Assets, year-to-date
$25,991Average Assets, quarterly
$25,883Volatile liabilities
$670Insider loans
$404FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$3,222Total risk weighted assets
$14,831Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$1,813Total interest expense
$832Net interest income
$981Provision for loan and lease losses
$0Total noninterest income
$95Fiduciary activities
$0Service charges on deposit accounts
$79Trading account gains & fees
$0Additional noninterest income
$16Total noninterest expense
$617Salaries and employee benefits
$372Premises and equipment expense
$77Additional noninterest expense
$168Pre-tax net operating income
$459Securities gains (losses)
$1Applicable income taxes
$150Income before extraordinary items
$310Extraordinary gains - net
$0Net income attributable to bank
$310Net charge-offs
-$47Cash dividends
$1,050Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1996)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.49%Cost of funding earning assets
3.44%Net interest margin
4.05%Noninterest income to earning assets
0.39%Noninterest expense to earning assets
2.55%Net operating income to assets
1.19%Return on assets (ROA)
1.19%Pretax return on assets
1.77%Return on equity (ROE)
8.49%Retained earnings to average equity (YTD only)
-20.28%Net charge-offs to loans
-0.46%Credit loss provision to net charge-offs
0.00%Efficiency ratio
57,342Assets per employee
3.02%Cash dividends to net income (YTD only)
Condition Ratios (%)
338.71%Loss allowance to loans
1.99%Loss allowance to noncurrent loans
2058.33%Noncurrent assets plus other real estate owned to assets
0.04%Noncurrent loans to loans
0.10%Net loans and leases to deposits
50.79%Net loans and leases to core deposits
52.25%Equity capital to assets
11.61%Core capital (leverage) ratio
12.81%Tier 1 risk-based capital ratio
21.72%Total risk-based capital ratio
Memoranda
$23Average assets
$25,991Average earning assets
$3,650Average equity
$24,199Average loans

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