State Savings Bank in city_name, state_name - Detailed Financial Reports, Location

State Savings Bank in Creston, Iowa (IA)
Show street view No street view available for this location

State Savings Bank routing number info

State Savings Bank - Overview

General
FDIC Certificate #: 14773
Status: Active
Federal Reserve ID: 792640
Bank Holding Company (Regulatory Top Holder): Bedford Bancorp, Inc. (RSSDID: 1203022, Location: Bedford, IA)
Date Established: January 01, 1915
WWW: http://www.yourfullservicebank.com
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 5 (Domestic: 5, Interstate: No)
FDIC's unique #: 9240
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: Yes
Asset Concentration Hierarchy: Agricultural Specialization
Date of Deposit Insurance: September 29, 1934
Last Structure Change Effective Date: October 01, 2011
Last Structure Change Process Date: October 07, 2011
Last Data Update: October 07, 2011
Data Source Date: April 05, 2012
Location
Address: 602 Sheldon, Creston, IA 50801
County: Union
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
History of Changes
Participated in Absorption/Consolidation/Merger
Financial Summary
Total assets: $85.8 mil
Equity capital: $7.6 mil
Deposits held in domestic offices: $77.0 mil
Return on assets (ROA): 1.23% ($1.1 mil)
Quarterly return on assets: 1.01% ($0.9 mil)
Return on Equity (ROE): 14.18% ($1.1 mil)
Quarterly return on equity: 11.46% ($0.9 mil)
Net income: $1.0 mil
Quarterly Net income: $0.2 mil
Pretax return on assets: 1.31% ($1,124.3 mil)
Quarterly Pretax return on assets: 1.08% ($926.9 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
27Total employees (full-time equivalent)
$85,822Total assets
$16,565Cash and due from depository institutions
$9,087Interest-bearing balances
$423Securities
$0Federal funds sold & reverse repurchase agreements
$66,488Net loans & leases
$1,009Loan loss allowance
$0Trading account assets
$686Bank premises and fixed assets
$76Other real estate owned
$0Goodwill and other intangibles
$85,822Life insurance assets
$1,584All other assets
$78,242Total liabilities and capital
$77,025Total liabilities
$65,474Total deposits
$77,025Interest-bearing deposits
$96Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$1,000Trading liabilities
$0Other borrowed funds
$217Subordinated debt
$7,580All other liabilities
$7,580Total equity capital
$7,580Total bank equity capital
$0Perpetual preferred stock
$700Common stock
$2,525Surplus
$4,355Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$116Income earned, not collected on loans
$0Earning assets
$939Long-term assets (5+ years)
$75,998Average Assets, year-to-date
$4,852Average Assets, quarterly
$83,367Volatile liabilities
$84,625Insider loans
$64,909FHLB advances
$84,588Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$7,580Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$6,472Restructured Loans and leases
$1,240Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$4,021Total interest income
$699Total interest expense
$3,322Net interest income
$320Provision for loan and lease losses
$428Total noninterest income
$0Fiduciary activities
$307Service charges on deposit accounts
$0Trading account gains & fees
$121Additional noninterest income
$2,341Total noninterest expense
$1,318Salaries and employee benefits
$337Premises and equipment expense
$686Additional noninterest expense
$1,089Pre-tax net operating income
$0Securities gains (losses)
$67Applicable income taxes
$1,022Income before extraordinary items
$0Extraordinary gains - net
$1,022Net income attributable to bank
$0Net charge-offs
$1,022Cash dividends
$248Sale, conversion, retirement of capital stock, net
$491Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.28%Yield on earning assets
0.92%Cost of funding earning assets
4.36%Net interest margin
0.56%Noninterest income to earning assets
3.07%Noninterest expense to earning assets
1.23%Net operating income to assets
1.23%Return on assets (ROA)
1.31%Pretax return on assets
14.18%Return on equity (ROE)
7.37%Retained earnings to average equity (YTD only)
0.38%Net charge-offs to loans
129.03%Credit loss provision to net charge-offs
5.68%Efficiency ratio
62,427Assets per employee
3.18%Cash dividends to net income (YTD only)
Condition Ratios (%)
48.04%Loss allowance to loans
1.49%Loss allowance to noncurrent loans
869.83%Noncurrent assets plus other real estate owned to assets
0.22%Noncurrent loans to loans
0.17%Net loans and leases to deposits
86.32%Net loans and leases to core deposits
88.45%Equity capital to assets
8.83%Core capital (leverage) ratio
8.96%Tier 1 risk-based capital ratio
11.68%Total risk-based capital ratio
Memoranda
$13Average assets
$83,367Average earning assets
$7,207Average equity
$76,212Average 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
YesFiduciary powers granted
YesFiduciary or related activity
$3,023Managed Assets
1Number of Accounts
$1,984Personal trust and agency accounts
$1,984Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$0Other retirement accounts
$0Corporate trust and agency accounts
$0Investment management agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
$0Non-managed Assets
10Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$1,039Other retirement accounts
$0Corporate trust and agency accounts
$0Other fiduciary accounts
$1,039Fiduciary accounts held in foreign offices

List of branches

5 Iowa Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	9240	State Savings Bank	602 Sheldon, Creston, IA 50801	January 01, 1915	Full Service Brick and Mortar
1	232086	Clearfield Branch	Main Street, Clearfield, IA 50840	Febuary 06, 1936	Full Service Brick and Mortar
4	232089	Bedford Branch	612 Central Street, Bedford, IA 50833	January 29, 1998	Full Service Brick and Mortar
5	32106	Valley B & T Branch	200 South Second Street, Cherokee, IA 51012	January 25, 1985	Full Service Brick and Mortar
6	458389	Valley Bank & Trust	719 South Highway 143, Marcus, IA 51035	December 11, 2006	Full Service Brick and Mortar

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

State Savings Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Total Fiduciary and Related Assets (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

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

State Savings Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Total Fiduciary and Related Assets (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

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