Union State Bank in Winterset, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Union State Bank in Winterset, Iowa (IA)
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Union State Bank routing number info

Union State Bank - Overview

  • General
  • FDIC Certificate #: 14982
    Status: Active
    Federal Reserve ID: 148340
    Bank Holding Company (Regulatory Top Holder): Madison Holding Company (RSSDID: 1204252, Location: Winterset, IA)
    Date Established: January 02, 1935
    WWW: http://www.usbiowa.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    OTS Docket #: 13345
    FDIC's unique #: 9387
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: All Other Specialization < 1 Billion
    Date of Deposit Insurance: January 11, 1935
    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: 201 West Court Avenue, Winterset, IA 50273
    County: Madison
    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
    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)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $72.4 mil
    Equity capital: $6.6 mil
    Deposits held in domestic offices: $62.7 mil
    Return on assets (ROA): 0.02% ($0.0 mil)
    Quarterly return on assets: -2.32% (-$1.7 mil)
    Return on Equity (ROE): 0.22% ($0.0 mil)
    Quarterly return on equity: -24.93% (-$1.7 mil)
    Net income: $0.0 mil
    Quarterly Net income: -$0.4 mil
    Pretax return on assets: 0.02% ($14.5 mil)
    Quarterly Pretax return on assets: -2.44% (-$1,766.1 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
  • 24Total employees (full-time equivalent)
  • $72,381Total assets
  • $6,857Cash and due from depository institutions
  • $1,963Interest-bearing balances
  • $23,313Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $38,654Net loans & leases
  • $646Loan loss allowance
  • $0Trading account assets
  • $875Bank premises and fixed assets
  • $1,236Other real estate owned
  • $0Goodwill and other intangibles
  • $72,381Life insurance assets
  • $1,446All other assets
  • $65,825Total liabilities and capital
  • $62,740Total liabilities
  • $51,310Total deposits
  • $62,740Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 800.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $2,000Trading liabilities
  • $0Other borrowed funds
  • $285Subordinated debt
  • $6,556All other liabilities
  • $6,556Total equity capital
  • $6,556Total bank equity capital
  • $0Perpetual preferred stock
  • $400Common stock
  • $1,506Surplus
  • $4,650Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $732Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,366Income earned, not collected on loans
  • $0Earning assets
  • $544Long-term assets (5+ years)
  • $63,930Average Assets, year-to-date
  • $14,846Average Assets, quarterly
  • $73,688Volatile liabilities
  • $73,338Insider loans
  • $42,875FHLB advances
  • $72,958Loans and leases held for sale
  • $329Unused loan commitments
  • $329Tier 1 (core) risk-based capital
  • $5,985Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,000Restructured Loans and leases
  • $878Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,062Total interest income
  • $497Total interest expense
  • $2,565Net interest income
  • $420Provision for loan and lease losses
  • $490Total noninterest income
  • $10Fiduciary activities
  • $360Service charges on deposit accounts
  • $0Trading account gains & fees
  • $120Additional noninterest income
  • $2,776Total noninterest expense
  • $1,397Salaries and employee benefits
  • $519Premises and equipment expense
  • $860Additional noninterest expense
  • -$141Pre-tax net operating income
  • $156Securities gains (losses)
  • $0Applicable income taxes
  • $15Income before extraordinary items
  • $0Extraordinary gains - net
  • $15Net income attributable to bank
  • $0Net charge-offs
  • $15Cash dividends
  • $298Sale, conversion, retirement of capital stock, net
  • $178Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.68%Yield on earning assets
  • 0.76%Cost of funding earning assets
  • 3.92%Net interest margin
  • 0.75%Noninterest income to earning assets
  • 4.24%Noninterest expense to earning assets
  • -0.19%Net operating income to assets
  • 0.02%Return on assets (ROA)
  • 0.02%Pretax return on assets
  • 0.22%Return on equity (ROE)
  • -2.44%Retained earnings to average equity (YTD only)
  • 0.76%Net charge-offs to loans
  • 140.94%Credit loss provision to net charge-offs
  • 0.94%Efficiency ratio
  • 90,867Assets per employee
  • 3.02%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 1186.67%Loss allowance to loans
  • 1.64%Loss allowance to noncurrent loans
  • 47.29%Noncurrent assets plus other real estate owned to assets
  • 3.59%Noncurrent loans to loans
  • 3.48%Net loans and leases to deposits
  • 61.61%Net loans and leases to core deposits
  • 63.80%Equity capital to assets
  • 9.06%Core capital (leverage) ratio
  • 8.20%Tier 1 risk-based capital ratio
  • 13.96%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $73,688Average earning assets
  • $6,686Average equity
  • $65,450Average 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
  • $2,273Managed Assets
  • 1Number of Accounts
  • $1,888Personal trust and agency accounts
  • $1,888Employee 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
  • 67Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $385Other retirement accounts
  • $385Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 4 Iowa Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    09387Union State Bank201 West Court Avenue, Winterset, IA 50273January 02, 1935Full Service Brick and Mortar
    3232656Truro Branch160 East Garfield, Truro, IA 50257January 02, 1935Full Service Brick and Mortar
    4232657Winterset Branch615 East Highway 92, Winterset, IA 50273August 10, 1992Full Service Brick and Mortar
    5467641West Des Moines Branch6305 Mills Civic Parkway, Suite 3121, West Des Moines, IA 50266September 05, 2007Full Service Brick and Mortar

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