Polk County Bank in Johnston, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 18, 2011

  • Polk County Bank in Johnston, Iowa (IA)
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Polk County Bank routing number info

Polk County Bank - Overview

  • General
  • FDIC Certificate #: 14194
    Status: Inactive
    Closing history: Absorption - Assisted
    Acquiring institution: Grinnell State Bank (#11347)
    Federal Reserve ID: 106546
    Date Established: March 01, 1903
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Interstate: No)
    OTS Docket #: 14422
    FDIC's unique #: 8861
    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: April 04, 1934
    Last Structure Change Effective Date: November 18, 2011
    Last Structure Change Process Date: November 21, 2011
    Last Data Update: November 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 5601 Merle Hay Road, Johnston, IA 50131
    County: Polk
    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
    Metropolitan Statistical Area (MSA): Des Moines, IA (#2120)
    Combined Statistical Area (CSA): Des Moines-Newton-Pella, IA (#218)
    Core Based Statistical Area (CBSA): Des Moines-West Des Moines, IA (#19780)
    CBSA Metro Statistical Area: Des Moines-West Des Moines, IA (#19780)
  • Financial Summary
  • Total assets: $91.6 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, 2010)

  • Dollar figures in thousands
  • 36Total employees (full-time equivalent)
  • $102,166Total assets
  • $11,979Cash and due from depository institutions
  • $10,129Interest-bearing balances
  • $8,186Securities
  • $2,031Federal funds sold & reverse repurchase agreements
  • $62,617Net loans & leases
  • $1,723Loan loss allowance
  • $0Trading account assets
  • $6,133Bank premises and fixed assets
  • $9,572Other real estate owned
  • $0Goodwill and other intangibles
  • $641Life insurance assets
  • $1,648All other assets
  • $102,166Total liabilities and capital
  • $98,501Total liabilities
  • $87,268Total deposits
  • $67,476Interest-bearing deposits
  • $87,268Deposits held in domestic offices
  • 96.96%% insured (estimated)
  • $1,518Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $9,000Other borrowed funds
  • $0Subordinated debt
  • $715All other liabilities
  • $3,665Total equity capital
  • $3,665Total bank equity capital
  • $3,665Perpetual preferred stock
  • $0Common stock
  • $165Surplus
  • $11,651Undivided profits
  • Memoranda
  • $-8,151Noncurrent loans and leases
  • $2,996Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $7,100Earning assets
  • $0Long-term assets (5+ years)
  • $327Average Assets, year-to-date
  • $82,963Average Assets, quarterly
  • $4,761Volatile liabilities
  • $113,891Insider loans
  • $105,866FHLB advances
  • $11,664Loans and leases held for sale
  • $1,069Unused loan commitments
  • $9,000Tier 1 (core) risk-based capital
  • $1,075Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $2,996Total unused commitments
  • $2,682Restructured Loans and leases
  • $918Derivatives

Income and Expense (December 31, 2010)

  • Dollar figures in thousands
  • $4,962Total interest income
  • $1,307Total interest expense
  • $3,655Net interest income
  • $375Provision for loan and lease losses
  • -$526Total noninterest income
  • $0Fiduciary activities
  • $416Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$942Additional noninterest income
  • $5,687Total noninterest expense
  • $2,417Salaries and employee benefits
  • $927Premises and equipment expense
  • $2,343Additional noninterest expense
  • -$2,933Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • -$2,933Income before extraordinary items
  • $0Extraordinary gains - net
  • -$2,933Net income attributable to bank
  • $0Net charge-offs
  • -$2,933Cash dividends
  • $1,621Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2010)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.31%Yield on earning assets
  • 1.40%Cost of funding earning assets
  • 3.91%Net interest margin
  • -0.56%Noninterest income to earning assets
  • 6.08%Noninterest expense to earning assets
  • -2.58%Net operating income to assets
  • -2.58%Return on assets (ROA)
  • -2.58%Pretax return on assets
  • -55.42%Return on equity (ROE)
  • -55.42%Retained earnings to average equity (YTD only)
  • 2.21%Net charge-offs to loans
  • 23.13%Credit loss provision to net charge-offs
  • -1.58%Efficiency ratio
  • 181,751Assets per employee
  • 2.84%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.68%Loss allowance to noncurrent loans
  • 24.27%Noncurrent assets plus other real estate owned to assets
  • 16.32%Noncurrent loans to loans
  • 11.04%Net loans and leases to deposits
  • 71.75%Net loans and leases to core deposits
  • 78.15%Equity capital to assets
  • 3.59%Core capital (leverage) ratio
  • 3.47%Tier 1 risk-based capital ratio
  • 5.02%Total risk-based capital ratio
  • Memoranda
  • $6Average assets
  • $113,891Average earning assets
  • $5,292Average equity
  • $93,471Average loans

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