FDIC Certificate #: 9297 Status: Active Federal Reserve ID: 289449 Bank Holding Company (Regulatory Top Holder): Vogel Bancshares, Inc. (RSSDID: 1249703, Location: Orange City, IA) Date Established: January 01, 1913 WWW:http://www.iowastatebank.net Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 5952 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: No Asset Concentration Hierarchy: Agricultural Specialization Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: October 04, 2011 Last Structure Change Process Date: October 04, 2011 Last Data Update: October 04, 2011 Data Source Date: April 05, 2012
Location
Address: 17 West Second Street, Remsen, IA 51050 County: Plymouth 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
Name Change
Financial Summary
Total assets: $133.9 mil Equity capital: $18.3 mil Deposits held in domestic offices: $114.9 mil Return on assets (ROA): 1.19% ($1.6 mil) Quarterly return on assets: 1.88% ($2.5 mil) Return on Equity (ROE): 9.29% ($1.7 mil) Quarterly return on equity: 14.05% ($2.5 mil) Net income: $1.6 mil Quarterly Net income: $0.6 mil Pretax return on assets: 1.79% ($2,397.3 mil) Quarterly Pretax return on assets: 2.85% ($3,816.9 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
9Total employees (full-time equivalent)
$133,927Total assets
$9,385Cash and due from depository institutions
$6,799Interest-bearing balances
$27,285Securities
$1,234Federal funds sold & reverse repurchase agreements
$89,308Net loans & leases
$885Loan loss allowance
$0Trading account assets
$759Bank premises and fixed assets
$0Other real estate owned
$3,980Goodwill and other intangibles
$133,927Life insurance assets
$1,976All other assets
$115,651Total liabilities and capital
$114,851Total liabilities
$106,467Total deposits
$114,851Interest-bearing deposits
$95Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$800Subordinated debt
$18,276All other liabilities
$18,276Total equity capital
$18,276Total bank equity capital
$0Perpetual preferred stock
$600Common stock
$15,900Surplus
$1,776Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$250Income earned, not collected on loans
$0Earning assets
$1,411Long-term assets (5+ years)
$124,626Average Assets, year-to-date
$44,109Average Assets, quarterly
$136,676Volatile liabilities
$135,541Insider loans
$99,214FHLB advances
$131,561Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$14,149Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$14,064Restructured Loans and leases
$991Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$5,520Total interest income
$2,097Total interest expense
$3,423Net interest income
$891Provision for loan and lease losses
$1,103Total noninterest income
$0Fiduciary activities
$21Service charges on deposit accounts
$0Trading account gains & fees
$1,082Additional noninterest income
$1,192Total noninterest expense
$515Salaries and employee benefits
$162Premises and equipment expense
$515Additional noninterest expense
$2,443Pre-tax net operating income
$0Securities gains (losses)
$814Applicable income taxes
$1,629Income before extraordinary items
$0Extraordinary gains - net
$1,629Net income attributable to bank
$0Net charge-offs
$1,629Cash dividends
$5Sale, conversion, retirement of capital stock, net
$300Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.35%Yield on earning assets
1.65%Cost of funding earning assets
2.69%Net interest margin
0.87%Noninterest income to earning assets
0.94%Noninterest expense to earning assets
1.19%Net operating income to assets
1.19%Return on assets (ROA)
1.79%Pretax return on assets
9.29%Return on equity (ROE)
7.58%Retained earnings to average equity (YTD only)
0.01%Net charge-offs to loans
17820.00%Credit loss provision to net charge-offs
666.80%Efficiency ratio
23,973Assets per employee
14.88%Cash dividends to net income (YTD only)
Condition Ratios (%)
18.42%Loss allowance to loans
0.98%Loss allowance to noncurrent loans
354.00%Noncurrent assets plus other real estate owned to assets
0.19%Noncurrent loans to loans
0.28%Net loans and leases to deposits
77.76%Net loans and leases to core deposits
78.71%Equity capital to assets
13.65%Core capital (leverage) ratio
10.75%Tier 1 risk-based capital ratio
14.26%Total risk-based capital ratio
Memoranda
$15Average assets
$136,676Average earning assets
$17,541Average equity
$127,023Average 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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