FDIC Certificate #: 10131 Status: Active Federal Reserve ID: 440446 Bank Holding Company (Regulatory Top Holder): Central Bancshares, Inc. (RSSDID: 1203899, Location: Muscatine, IA) Date Established: June 16, 1900 WWW:http://www.wcsbank.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 1 (Domestic: 1, Interstate: No) OTS Docket #: 15465 FDIC's unique #: 6483 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: 1060 West Monroe Street, 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
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $50.3 mil Equity capital: $4.9 mil Deposits held in domestic offices: $41.8 mil Return on assets (ROA): 0.46% ($0.2 mil) Quarterly return on assets: 0.54% ($0.3 mil) Return on Equity (ROE): 4.89% ($0.2 mil) Quarterly return on equity: 5.51% ($0.3 mil) Net income: $0.2 mil Quarterly Net income: $0.1 mil Pretax return on assets: 0.49% ($246.4 mil) Quarterly Pretax return on assets: 0.50% ($251.4 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
13Total employees (full-time equivalent)
$50,278Total assets
$1,236Cash and due from depository institutions
$57Interest-bearing balances
$18,293Securities
$0Federal funds sold & reverse repurchase agreements
$27,563Net loans & leases
$899Loan loss allowance
$0Trading account assets
$1,321Bank premises and fixed assets
$301Other real estate owned
$303Goodwill and other intangibles
$50,278Life insurance assets
$1,261All other assets
$45,386Total liabilities and capital
$41,832Total liabilities
$34,702Total deposits
$41,832Interest-bearing deposits
$98Deposits held in domestic offices
624.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$2,500Trading liabilities
$0Other borrowed funds
$430Subordinated debt
$4,892All other liabilities
$4,892Total equity capital
$4,892Total bank equity capital
$0Perpetual preferred stock
$150Common stock
$1,630Surplus
$3,112Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$389Income earned, not collected on loans
$115Earning assets
$375Long-term assets (5+ years)
$45,913Average Assets, year-to-date
$14,055Average Assets, quarterly
$49,651Volatile liabilities
$49,954Insider loans
$31,821FHLB advances
$49,952Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$4,392Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$4,804Restructured Loans and leases
$436Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$2,274Total interest income
$551Total interest expense
$1,723Net interest income
$150Provision for loan and lease losses
$383Total noninterest income
$0Fiduciary activities
$229Service charges on deposit accounts
$0Trading account gains & fees
$154Additional noninterest income
$1,715Total noninterest expense
$766Salaries and employee benefits
$181Premises and equipment expense
$768Additional noninterest expense
$241Pre-tax net operating income
$0Securities gains (losses)
$12Applicable income taxes
$229Income before extraordinary items
$0Extraordinary gains - net
$229Net income attributable to bank
$0Net charge-offs
$229Cash dividends
$65Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.98%Yield on earning assets
1.21%Cost of funding earning assets
3.77%Net interest margin
0.84%Noninterest income to earning assets
3.76%Noninterest expense to earning assets
0.46%Net operating income to assets
0.46%Return on assets (ROA)
0.49%Pretax return on assets
4.89%Return on equity (ROE)
4.89%Retained earnings to average equity (YTD only)
0.22%Net charge-offs to loans
230.77%Credit loss provision to net charge-offs
6.02%Efficiency ratio
81,434Assets per employee
3.87%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
3.16%Loss allowance to noncurrent loans
231.11%Noncurrent assets plus other real estate owned to assets
1.37%Noncurrent loans to loans
1.37%Net loans and leases to deposits
65.89%Net loans and leases to core deposits
68.38%Equity capital to assets
9.73%Core capital (leverage) ratio
8.79%Tier 1 risk-based capital ratio
13.80%Total risk-based capital ratio
Memoranda
$15Average assets
$49,651Average earning assets
$4,687Average equity
$45,669Average loans
List of branches
1 Iowa Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
6483
West Chester Savings Bank
1060 West Monroe Street, Washington, IA 52353
June 16, 1900
Full Service Brick and Mortar
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