FDIC Certificate #: 8513 Status: Active Federal Reserve ID: 286840 Bank Holding Company (Regulatory Top Holder): Rake Bancorporation (RSSDID: 1210002, Location: Rake, IA) Date Established: January 15, 1914 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 5423 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: March 31, 2006 Last Structure Change Process Date: November 03, 2006 Last Data Update: November 03, 2006 Data Source Date: April 05, 2012
Location
Address: 102 N Main St., Rake, IA 50465 County: Winnebago 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
Change in Location
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $59.9 mil Equity capital: $4.9 mil Deposits held in domestic offices: $54.6 mil Return on assets (ROA): 0.96% ($0.6 mil) Quarterly return on assets: 0.86% ($0.5 mil) Return on Equity (ROE): 11.49% ($0.6 mil) Quarterly return on equity: 10.30% ($0.5 mil) Net income: $0.5 mil Quarterly Net income: $0.1 mil Pretax return on assets: 1.42% ($850.6 mil) Quarterly Pretax return on assets: 1.27% ($760.7 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
7Total employees (full-time equivalent)
$59,898Total assets
$5,356Cash and due from depository institutions
$940Interest-bearing balances
$6,168Securities
$571Federal funds sold & reverse repurchase agreements
$46,701Net loans & leases
$434Loan loss allowance
$0Trading account assets
$94Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$59,898Life insurance assets
$1,008All other assets
$54,976Total liabilities and capital
$54,596Total liabilities
$46,404Total deposits
$54,596Interest-bearing deposits
$90Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$380Subordinated debt
$4,922All other liabilities
$4,922Total equity capital
$4,922Total bank equity capital
$0Perpetual preferred stock
$70Common stock
$430Surplus
$4,422Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$766Income earned, not collected on loans
$35Earning assets
$839Long-term assets (5+ years)
$54,380Average Assets, year-to-date
$2,994Average Assets, quarterly
$55,509Volatile liabilities
$58,453Insider loans
$50,365FHLB advances
$56,330Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$4,911Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$9,529Restructured Loans and leases
$1,994Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$2,476Total interest income
$797Total interest expense
$1,679Net interest income
$125Provision for loan and lease losses
$64Total noninterest income
$0Fiduciary activities
$55Service charges on deposit accounts
$0Trading account gains & fees
$9Additional noninterest income
$827Total noninterest expense
$610Salaries and employee benefits
$80Premises and equipment expense
$137Additional noninterest expense
$791Pre-tax net operating income
$0Securities gains (losses)
$257Applicable income taxes
$534Income before extraordinary items
$0Extraordinary gains - net
$534Net income attributable to bank
$0Net charge-offs
$534Cash dividends
$103Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.69%Yield on earning assets
1.51%Cost of funding earning assets
3.18%Net interest margin
0.12%Noninterest income to earning assets
1.57%Noninterest expense to earning assets
0.96%Net operating income to assets
0.96%Return on assets (ROA)
1.42%Pretax return on assets
11.49%Return on equity (ROE)
11.49%Retained earnings to average equity (YTD only)
0.24%Net charge-offs to loans
121.36%Credit loss provision to net charge-offs
8.89%Efficiency ratio
47,447Assets per employee
8.56%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.92%Loss allowance to noncurrent loans
56.66%Noncurrent assets plus other real estate owned to assets
1.28%Noncurrent loans to loans
1.63%Net loans and leases to deposits
85.54%Net loans and leases to core deposits
95.80%Equity capital to assets
8.22%Core capital (leverage) ratio
8.72%Tier 1 risk-based capital ratio
9.75%Total risk-based capital ratio
Memoranda
$11Average assets
$55,509Average earning assets
$4,646Average equity
$52,798Average loans
List of branches
1 Iowa Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
5423
State Savings Bank
102 N Main St., Rake, IA 50465
January 15, 1914
Full Service Brick and Mortar
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