State Federal Savings and Loan Association of Des Moines - Overview
General
FDIC Certificate #: 27855 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Liberty Bank, F.S.B. (#20594) Federal Reserve ID: 644477 Date Established: January 01, 1926 WWW:http://www.statefederal.com Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 394 FDIC's unique #: 40689 Numeric code: 37 Regulator: OTS Insurance Fund Membership: Savings Association Insurance Fund (SAIF) FDIC Insured: Yes SAIF Insured: Yes Insured Savings Institution: Yes State Chartered: No Date of Deposit Insurance: April 25, 1951 Last Structure Change Effective Date: March 11, 2004 Last Structure Change Process Date: March 12, 2004 Last Data Update: March 12, 2004 Data Source Date: April 05, 2012
Location
Address: 13523 University Avenue, Clive, IA 50325 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: $89.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2003)
Dollar figures in thousands
28Total employees (full-time equivalent)
$89,295Total assets
$8,515Cash and due from depository institutions
$2,736Interest-bearing balances
$773Securities
$0Federal funds sold & reverse repurchase agreements
$75,151Net loans & leases
$772Loan loss allowance
$0Trading account assets
$3,211Bank premises and fixed assets
$141Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,504All other assets
$89,295Total liabilities and capital
$81,378Total liabilities
$71,975Total deposits
$67,111Interest-bearing deposits
$71,975Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$9,000Other borrowed funds
$0Subordinated debt
$403All other liabilities
$7,917Total equity capital
$7,917Total bank equity capital
$7,917Perpetual preferred stock
$0Common stock
$9Surplus
$4,942Undivided profits
Memoranda
$2,966Noncurrent loans and leases
$3,203Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$4,499Earning assets
$0Long-term assets (5+ years)
$376Average Assets, year-to-date
$78,660Average Assets, quarterly
$0Volatile liabilities
$92,321Insider loans
$89,811FHLB advances
$26,205Loans and leases held for sale
$605Unused loan commitments
$9,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,203Total unused commitments
$1,214Restructured Loans and leases
$712Derivatives
Income and Expense (December 31, 2003)
Dollar figures in thousands
$5,735Total interest income
$2,818Total interest expense
$2,917Net interest income
$699Provision for loan and lease losses
$744Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$744Additional noninterest income
$3,284Total noninterest expense
$1,845Salaries and employee benefits
$675Premises and equipment expense
$764Additional noninterest expense
-$322Pre-tax net operating income
$195Securities gains (losses)
-$167Applicable income taxes
$40Income before extraordinary items
$0Extraordinary gains - net
$40Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$630Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2003)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.82%Yield on earning assets
3.35%Cost of funding earning assets
3.47%Net interest margin
0.89%Noninterest income to earning assets
3.91%Noninterest expense to earning assets
-0.09%Net operating income to assets
0.04%Return on assets (ROA)
-0.14%Pretax return on assets
0.51%Return on equity (ROE)
0.51%Retained earnings to average equity (YTD only)
0.78%Net charge-offs to loans
110.95%Credit loss provision to net charge-offs
0.60%Efficiency ratio
89,702Assets per employee
3.19%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.02%Loss allowance to noncurrent loans
17.16%Noncurrent assets plus other real estate owned to assets
5.20%Noncurrent loans to loans
5.93%Net loans and leases to deposits
104.41%Net loans and leases to core deposits
137.21%Equity capital to assets
8.87%Core capital (leverage) ratio
8.86%Tier 1 risk-based capital ratio
13.87%Total risk-based capital ratio
Memoranda
$15Average assets
$92,321Average earning assets
$7,850Average equity
$84,061Average loans
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State Federal Savings and Loan Association of Des Moines
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