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

The State Bank in Spirit Lake, Iowa (IA)
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The State Bank routing number info

The State Bank - Overview

General
FDIC Certificate #: 13715
Status: Active
Federal Reserve ID: 550448
Bank Holding Company (Regulatory Top Holder): State Banco. Ltd., (RSSDID: 1245200, Location: Spirit Lake, IA)
Date Established: October 05, 1928
WWW: http://www.statebankspiritlake.com
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Domestic: 2, Interstate: No)
OTS Docket #: 12931
FDIC's unique #: 8573
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: January 20, 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: 1902 Hill Avenue, Spirit Lake, IA 51360
County: Dickinson
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Sioux City
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: Western
Core Based Statistical Area (CBSA): Spirit Lake, IA (#44020)
CBSA Micro Statistical Area: Yes
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $62.0 mil
Equity capital: $7.5 mil
Deposits held in domestic offices: $54.3 mil
Return on assets (ROA): 0.39% ($0.2 mil)
Quarterly return on assets: -0.99% (-$0.6 mil)
Return on Equity (ROE): 3.34% ($0.2 mil)
Quarterly return on equity: -8.13% (-$0.6 mil)
Net income: $0.2 mil
Quarterly Net income: -$0.2 mil
Pretax return on assets: 0.39% ($241.9 mil)
Quarterly Pretax return on assets: -1.06% (-$657.5 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
15Total employees (full-time equivalent)
$62,029Total assets
$2,050Cash and due from depository institutions
$514Interest-bearing balances
$22,838Securities
$0Federal funds sold & reverse repurchase agreements
$32,746Net loans & leases
$1,294Loan loss allowance
$0Trading account assets
$2,840Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$62,029Life insurance assets
$1,555All other assets
$54,548Total liabilities and capital
$54,329Total liabilities
$47,195Total deposits
$54,329Interest-bearing deposits
$92Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$47Trading liabilities
$0Other borrowed funds
$172Subordinated debt
$7,481All other liabilities
$7,481Total equity capital
$7,481Total bank equity capital
$0Perpetual preferred stock
$200Common stock
$800Surplus
$6,481Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$197Income earned, not collected on loans
$0Earning assets
$614Long-term assets (5+ years)
$56,098Average Assets, year-to-date
$16,087Average Assets, quarterly
$61,185Volatile liabilities
$62,512Insider loans
$37,187FHLB advances
$62,703Loans and leases held for sale
$675Unused loan commitments
$675Tier 1 (core) risk-based capital
$6,753Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$5,470Restructured Loans and leases
$279Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$2,649Total interest income
$420Total interest expense
$2,229Net interest income
$656Provision for loan and lease losses
$176Total noninterest income
$0Fiduciary activities
$104Service charges on deposit accounts
$0Trading account gains & fees
$72Additional noninterest income
$1,627Total noninterest expense
$922Salaries and employee benefits
$380Premises and equipment expense
$325Additional noninterest expense
$122Pre-tax net operating income
$118Securities gains (losses)
-$1Applicable income taxes
$241Income before extraordinary items
$0Extraordinary gains - net
$241Net income attributable to bank
$0Net charge-offs
$241Cash dividends
$166Sale, conversion, retirement of capital stock, net
$237Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
4.79%Yield on earning assets
0.76%Cost of funding earning assets
4.03%Net interest margin
0.32%Noninterest income to earning assets
2.94%Noninterest expense to earning assets
0.20%Net operating income to assets
0.39%Return on assets (ROA)
0.39%Pretax return on assets
3.34%Return on equity (ROE)
0.06%Retained earnings to average equity (YTD only)
0.47%Net charge-offs to loans
395.18%Credit loss provision to net charge-offs
4.69%Efficiency ratio
67,651Assets per employee
4.14%Cash dividends to net income (YTD only)
Condition Ratios (%)
98.34%Loss allowance to loans
3.80%Loss allowance to noncurrent loans
656.85%Noncurrent assets plus other real estate owned to assets
0.32%Noncurrent loans to loans
0.58%Net loans and leases to deposits
60.27%Net loans and leases to core deposits
68.28%Equity capital to assets
12.06%Core capital (leverage) ratio
10.77%Tier 1 risk-based capital ratio
18.16%Total risk-based capital ratio
Memoranda
$19Average assets
$61,185Average earning assets
$7,207Average equity
$55,335Average 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
$116Managed Assets
1Number of Accounts
$0Personal trust and agency accounts
$0Employee 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
27Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$116Other retirement accounts
$116Corporate trust and agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices

List of branches

2 Iowa Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type	Map
0	8573	The State Bank	1902 Hill Avenue, Spirit Lake, IA 51360	October 05, 1928	Full Service Brick and Mortar
1	229897	Terril Branch	101 North State Street, Terril, IA 51364	Febuary 23, 1965	Full Service Brick and Mortar

The State Bank in Spirit Lake, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

The State 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:

The State Bank in Spirit Lake, Iowa (IA)Overview, Financial Summary, Detailed Financial Reports, Branches

The State 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:

The State Bank in Spirit Lake, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches