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

Washington State Bank in Washington, Iowa (IA)
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Washington State Bank routing number info

Washington State Bank - Overview

General
FDIC Certificate #: 214
Status: Active
Federal Reserve ID: 433943
Bank Holding Company (Regulatory Top Holder): W.S.b., Inc. (RSSDID: 1207468, Location: Washington, IA)
Date Established: April 18, 1932
WWW: http://www.washsb.com
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 2 (Domestic: 2, Interstate: No)
OTS Docket #: 10977
FDIC's unique #: 169
Numeric code: 13
Regulator: FED
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: 121 S Marion Ave, Washington, IA 52353
County: Washington
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): Iowa City, IA (#26980)
CBSA Metro Statistical Area: Iowa City, IA (#26980)
History of Changes
Change in Location
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $227.0 mil
Equity capital: $30.1 mil
Deposits held in domestic offices: $188.8 mil
Return on assets (ROA): 1.23% ($2.8 mil)
Quarterly return on assets: 0.77% ($1.7 mil)
Return on Equity (ROE): 9.09% ($2.7 mil)
Quarterly return on equity: 5.69% ($1.7 mil)
Net income: $2.7 mil
Quarterly Net income: $0.4 mil
Pretax return on assets: 1.77% ($4,018.1 mil)
Quarterly Pretax return on assets: 1.04% ($2,360.9 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
31Total employees (full-time equivalent)
$227,009Total assets
$23,918Cash and due from depository institutions
$14,296Interest-bearing balances
$63,263Securities
$662Federal funds sold & reverse repurchase agreements
$130,876Net loans & leases
$3,362Loan loss allowance
$0Trading account assets
$1,899Bank premises and fixed assets
$270Other real estate owned
$0Goodwill and other intangibles
$227,009Life insurance assets
$6,121All other assets
$196,910Total liabilities and capital
$188,799Total liabilities
$180,811Total deposits
$188,799Interest-bearing deposits
$91Deposits held in domestic offices
2270.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$4,449Trading liabilities
$0Other borrowed funds
$1,392Subordinated debt
$30,099All other liabilities
$30,099Total equity capital
$30,099Total bank equity capital
$0Perpetual preferred stock
$800Common stock
$800Surplus
$28,499Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1,034Income earned, not collected on loans
$0Earning assets
$1,580Long-term assets (5+ years)
$209,097Average Assets, year-to-date
$39,649Average Assets, quarterly
$220,712Volatile liabilities
$225,363Insider loans
$129,644FHLB advances
$223,508Loans and leases held for sale
$2,759Unused loan commitments
$2,759Tier 1 (core) risk-based capital
$29,028Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$26,581Restructured Loans and leases
$2,461Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$9,793Total interest income
$2,519Total interest expense
$7,274Net interest income
$550Provision for loan and lease losses
$845Total noninterest income
$209Fiduciary activities
$272Service charges on deposit accounts
$0Trading account gains & fees
$364Additional noninterest income
$3,804Total noninterest expense
$2,190Salaries and employee benefits
$524Premises and equipment expense
$1,090Additional noninterest expense
$3,765Pre-tax net operating income
$137Securities gains (losses)
$1,186Applicable income taxes
$2,716Income before extraordinary items
$0Extraordinary gains - net
$2,716Net income attributable to bank
$0Net charge-offs
$2,716Cash dividends
$322Sale, conversion, retirement of capital stock, net
$1,506Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
4.75%Yield on earning assets
1.22%Cost of funding earning assets
3.53%Net interest margin
0.41%Noninterest income to earning assets
1.85%Noninterest expense to earning assets
1.19%Net operating income to assets
1.23%Return on assets (ROA)
1.77%Pretax return on assets
9.09%Return on equity (ROE)
4.05%Retained earnings to average equity (YTD only)
0.24%Net charge-offs to loans
170.81%Credit loss provision to net charge-offs
13.40%Efficiency ratio
46,853Assets per employee
7.32%Cash dividends to net income (YTD only)
Condition Ratios (%)
55.45%Loss allowance to loans
2.50%Loss allowance to noncurrent loans
325.15%Noncurrent assets plus other real estate owned to assets
0.57%Noncurrent loans to loans
0.77%Net loans and leases to deposits
69.32%Net loans and leases to core deposits
73.13%Equity capital to assets
13.26%Core capital (leverage) ratio
12.99%Tier 1 risk-based capital ratio
22.39%Total risk-based capital ratio
Memoranda
$24Average assets
$220,712Average earning assets
$29,871Average equity
$206,086Average 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
$61,436Managed Assets
1Number of Accounts
$43,277Personal trust and agency accounts
$42,954Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$0Other retirement accounts
$0Corporate trust and agency accounts
$0Investment management agency accounts
$323Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
$0Non-managed Assets
240Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$18,159Other retirement accounts
$8,935Corporate trust and agency accounts
$0Other fiduciary accounts
$654Fiduciary 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	169	Washington State Bank	121 S Marion Ave, Washington, IA 52353	April 18, 1932	Full Service Brick and Mortar
1	181367	Parking Lot Branch	303 West Washington Street, Washington, IA 52353	September 18, 1963	Full Service Brick and Mortar

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

Washington 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:

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

Washington 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:

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