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

Wayland State Bank in Mount Pleasant, Iowa (IA)
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Wayland State Bank routing number info

Wayland State Bank - Overview

General
FDIC Certificate #: 1862
Status: Active
Federal Reserve ID: 621245
Bank Holding Company (Regulatory Top Holder): Heartway Bancorporation (RSSDID: 2166003, Location: Wayland, IA)
Date Established: May 12, 1932
WWW: http://www.waylandstbank.com
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Domestic: 2, Interstate: No)
OTS Docket #: 15709
FDIC's unique #: 1240
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: 301 South Main Street, Mount Pleasant, IA 52641
County: Henry
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
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $77.6 mil
Equity capital: $13.5 mil
Deposits held in domestic offices: $62.4 mil
Return on assets (ROA): 1.39% ($1.1 mil)
Quarterly return on assets: 1.34% ($1.0 mil)
Return on Equity (ROE): 7.84% ($1.0 mil)
Quarterly return on equity: 7.61% ($1.0 mil)
Net income: $1.0 mil
Quarterly Net income: $0.3 mil
Pretax return on assets: 1.88% ($1,459.4 mil)
Quarterly Pretax return on assets: 1.64% ($1,273.1 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
15Total employees (full-time equivalent)
$77,626Total assets
$4,023Cash and due from depository institutions
$2,029Interest-bearing balances
$24,367Securities
$5,409Federal funds sold & reverse repurchase agreements
$40,526Net loans & leases
$765Loan loss allowance
$0Trading account assets
$427Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$77,627Life insurance assets
$2,874All other assets
$64,157Total liabilities and capital
$62,369Total liabilities
$50,024Total deposits
$62,369Interest-bearing deposits
$98Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$1,000Trading liabilities
$0Other borrowed funds
$788Subordinated debt
$13,470All other liabilities
$13,470Total equity capital
$13,470Total bank equity capital
$0Perpetual preferred stock
$300Common stock
$700Surplus
$12,470Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$423Long-term assets (5+ years)
$72,331Average Assets, year-to-date
$16,913Average Assets, quarterly
$74,214Volatile liabilities
$76,439Insider loans
$52,115FHLB advances
$77,661Loans and leases held for sale
$1,900Unused loan commitments
$1,900Tier 1 (core) risk-based capital
$13,105Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$5,113Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$3,017Total interest income
$528Total interest expense
$2,489Net interest income
$0Provision for loan and lease losses
$347Total noninterest income
$1Fiduciary activities
$152Service charges on deposit accounts
$0Trading account gains & fees
$194Additional noninterest income
$1,455Total noninterest expense
$946Salaries and employee benefits
$115Premises and equipment expense
$394Additional noninterest expense
$1,381Pre-tax net operating income
$12Securities gains (losses)
$360Applicable income taxes
$1,033Income before extraordinary items
$0Extraordinary gains - net
$1,033Net income attributable to bank
$0Net charge-offs
$1,033Cash dividends
-$13Sale, conversion, retirement of capital stock, net
$385Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
4.37%Yield on earning assets
0.76%Cost of funding earning assets
3.60%Net interest margin
0.50%Noninterest income to earning assets
2.11%Noninterest expense to earning assets
1.38%Net operating income to assets
1.39%Return on assets (ROA)
1.88%Pretax return on assets
7.84%Return on equity (ROE)
4.92%Retained earnings to average equity (YTD only)
-0.03%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
51,305Assets per employee
5.18%Cash dividends to net income (YTD only)
Condition Ratios (%)
37.27%Loss allowance to loans
1.85%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
64.98%Net loans and leases to core deposits
65.56%Equity capital to assets
17.35%Core capital (leverage) ratio
16.87%Tier 1 risk-based capital ratio
25.15%Total risk-based capital ratio
Memoranda
$26Average assets
$74,214Average earning assets
$13,178Average equity
$69,088Average 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
$931Managed Assets
1Number of Accounts
$931Personal trust and agency accounts
$931Employee 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
17Number 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
$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	1240	Wayland State Bank	301 South Main Street, Mount Pleasant, IA 52641	May 12, 1932	Full Service Brick and Mortar
1	190233	Wayland Branch	205 West Main Street, Wayland, IA 52654	May 20, 1996	Full Service Brick and Mortar

Wayland State Bank in Mount Pleasant, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Wayland 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:

Wayland State Bank in Mount Pleasant, Iowa (IA)Overview, Financial Summary, Detailed Financial Reports, Branches

Wayland 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:

Wayland State Bank in Mount Pleasant, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches