State Bank & Trust Company in Waverly, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 24, 2011

State Bank & Trust Company in Waverly, Iowa (IA)
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State Bank & Trust Company routing number info

State Bank & Trust Company - Overview

General
FDIC Certificate #: 8103
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: State Bank & Trust Company (#15503)
Federal Reserve ID: 498746
Date Established: January 01, 1889
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 6 (Interstate: No)
OTS Docket #: 13048
FDIC's unique #: 5155
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: January 01, 1934
Last Structure Change Effective Date: September 24, 2011
Last Structure Change Process Date: October 04, 2011
Last Data Update: October 04, 2011
Data Source Date: April 05, 2012
Location
Address: 124 1st Street, Se, Waverly, IA 50677
County: Bremer
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Cedar Rapids
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: Western
Core Based Statistical Area (CBSA): Waterloo-Cedar Falls, IA (#47940)
CBSA Metro Statistical Area: Waterloo-Cedar Falls, IA (#47940)
Financial Summary
Total assets: $144.8 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
35Total employees (full-time equivalent)
$148,222Total assets
$7,722Cash and due from depository institutions
$4,099Interest-bearing balances
$74,881Securities
$2,002Federal funds sold & reverse repurchase agreements
$49,812Net loans & leases
$0Loan loss allowance
$0Trading account assets
$4,780Bank premises and fixed assets
$537Other real estate owned
$6,736Goodwill and other intangibles
$0Life insurance assets
$1,752All other assets
$148,222Total liabilities and capital
$128,846Total liabilities
$126,906Total deposits
$104,186Interest-bearing deposits
$126,906Deposits held in domestic offices
87.28%% insured (estimated)
$1,236Federal funds purchased & repurchase agreements
$0Trading liabilities
$250Other borrowed funds
$0Subordinated debt
$454All other liabilities
$19,376Total equity capital
$19,376Total bank equity capital
$19,376Perpetual preferred stock
$0Common stock
$380Surplus
$18,997Undivided profits
Memoranda
$-1Noncurrent loans and leases
$11,125Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$1,005Average Assets, year-to-date
$130,794Average Assets, quarterly
$63,292Volatile liabilities
$145,099Insider loans
$146,692FHLB advances
$14,871Loans and leases held for sale
$13Unused loan commitments
$250Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$11,125Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 2010)

Dollar figures in thousands
$46Total interest income
$10Total interest expense
$36Net interest income
$0Provision for loan and lease losses
$9Total noninterest income
$3Fiduciary activities
$3Service charges on deposit accounts
$0Trading account gains & fees
$3Additional noninterest income
$39Total noninterest expense
$18Salaries and employee benefits
$8Premises and equipment expense
$13Additional noninterest expense
$6Pre-tax net operating income
$0Securities gains (losses)
$7Applicable income taxes
-$1Income before extraordinary items
$0Extraordinary gains - net
-$1Net income attributable to bank
$0Net charge-offs
-$1Cash dividends
$0Sale, conversion, retirement of capital stock, net
$11,356Net operating income

Performance and Condition Ratios (December 31, 2010)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.03%Yield on earning assets
0.01%Cost of funding earning assets
0.03%Net interest margin
0.01%Noninterest income to earning assets
0.03%Noninterest expense to earning assets
-0.00%Net operating income to assets
-0.00%Return on assets (ROA)
0.00%Pretax return on assets
-0.00%Return on equity (ROE)
-51.11%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
86,667Assets per employee
4.23%Cash dividends to net income (YTD only)
Condition Ratios (%)
-1135600.00%Loss allowance to loans
0.00%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.36%Noncurrent loans to loans
0.00%Net loans and leases to deposits
39.25%Net loans and leases to core deposits
43.98%Equity capital to assets
13.07%Core capital (leverage) ratio
8.90%Tier 1 risk-based capital ratio
16.67%Total risk-based capital ratio
Memoranda
$17Average assets
$145,099Average earning assets
$22,221Average equity
$133,456Average loans

Total Fiduciary and Related Assets (December 31, 2010)

Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
YesFiduciary powers granted
YesFiduciary or related activity
$92,010Managed Assets
1Number of Accounts
$27,074Personal trust and agency accounts
$24,133Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$0Other retirement accounts
$0Corporate trust and agency accounts
$0Investment management agency accounts
$2,941Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
$0Non-managed Assets
231Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$64,936Other retirement accounts
$8,560Corporate trust and agency accounts
$1,901Other fiduciary accounts
$3,267Fiduciary accounts held in foreign offices

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