FDIC Certificate #: 18071 Status: Active Federal Reserve ID: 437044 Date Established: January 01, 1892 WWW:http://www.watkinsbank.com Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 11995 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: September 01, 1959 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: 202 First Street, Watkins, IA 52354 County: Benton 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): Cedar Rapids, IA (#16300) CBSA Metro Statistical Area: Cedar Rapids, IA (#16300)
History of Changes
Change in Location
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $66.9 mil Equity capital: $9.6 mil Deposits held in domestic offices: $51.6 mil Return on assets (ROA): 1.28% ($0.9 mil) Quarterly return on assets: 1.33% ($0.9 mil) Return on Equity (ROE): 9.04% ($0.9 mil) Quarterly return on equity: 9.13% ($0.9 mil) Net income: $0.8 mil Quarterly Net income: $0.2 mil Pretax return on assets: 1.40% ($936.9 mil) Quarterly Pretax return on assets: 1.30% ($869.9 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
8Total employees (full-time equivalent)
$66,919Total assets
$6,400Cash and due from depository institutions
$5,668Interest-bearing balances
$30,881Securities
$0Federal funds sold & reverse repurchase agreements
$28,653Net loans & leases
$172Loan loss allowance
$0Trading account assets
$125Bank premises and fixed assets
$33Other real estate owned
$0Goodwill and other intangibles
$66,919Life insurance assets
$827All other assets
$57,344Total liabilities and capital
$51,594Total liabilities
$45,723Total deposits
$51,594Interest-bearing deposits
$98Deposits held in domestic offices
2844.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$2,000Trading liabilities
$0Other borrowed funds
$906Subordinated debt
$9,575All other liabilities
$9,575Total equity capital
$9,575Total bank equity capital
$0Perpetual preferred stock
$150Common stock
$1,350Surplus
$8,075Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$3Income earned, not collected on loans
$0Earning assets
$571Long-term assets (5+ years)
$65,202Average Assets, year-to-date
$36,357Average Assets, quarterly
$62,692Volatile liabilities
$65,714Insider loans
$40,052FHLB advances
$65,443Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$8,271Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$6,581Restructured Loans and leases
$155Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$2,618Total interest income
$702Total interest expense
$1,916Net interest income
$0Provision for loan and lease losses
$49Total noninterest income
$0Fiduciary activities
$39Service charges on deposit accounts
$0Trading account gains & fees
$10Additional noninterest income
$1,090Total noninterest expense
$620Salaries and employee benefits
$133Premises and equipment expense
$337Additional noninterest expense
$875Pre-tax net operating income
$4Securities gains (losses)
$78Applicable income taxes
$801Income before extraordinary items
$0Extraordinary gains - net
$801Net income attributable to bank
$0Net charge-offs
$801Cash dividends
-$1Sale, conversion, retirement of capital stock, net
$293Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.30%Yield on earning assets
1.15%Cost of funding earning assets
3.15%Net interest margin
0.08%Noninterest income to earning assets
1.79%Noninterest expense to earning assets
1.27%Net operating income to assets
1.28%Return on assets (ROA)
1.40%Pretax return on assets
9.04%Return on equity (ROE)
5.73%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
55,471Assets per employee
8.36%Cash dividends to net income (YTD only)
Condition Ratios (%)
36.58%Loss allowance to loans
0.60%Loss allowance to noncurrent loans
5733.33%Noncurrent assets plus other real estate owned to assets
0.05%Noncurrent loans to loans
0.01%Net loans and leases to deposits
55.54%Net loans and leases to core deposits
56.66%Equity capital to assets
14.31%Core capital (leverage) ratio
12.64%Tier 1 risk-based capital ratio
20.65%Total risk-based capital ratio
Memoranda
$21Average assets
$62,692Average earning assets
$8,858Average equity
$60,848Average loans
List of branches
1 Iowa Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
11995
The Watkins Savings Bank
202 First Street, Watkins, IA 52354
January 01, 1892
Full Service Brick and Mortar
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