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

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

Westside State Bank - Overview

General
FDIC Certificate #: 18518
Status: Active
Federal Reserve ID: 972143
Bank Holding Company (Regulatory Top Holder): Halbur Bancshares, Inc. (RSSDID: 1209024, Location: Halbur, IA)
Date Established: June 01, 1907
WWW: http://www.wsbankonline.com
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 4 (Domestic: 4, Interstate: No)
FDIC's unique #: 12410
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: Yes
Asset Concentration Hierarchy: Agricultural Specialization
Date of Deposit Insurance: May 03, 1962
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: 401 First Street, Westside, IA 51467
County: Crawford
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Sioux City
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: $69.5 mil
Equity capital: $7.1 mil
Deposits held in domestic offices: $58.1 mil
Return on assets (ROA): 2.04% ($1.4 mil)
Quarterly return on assets: 1.45% ($1.0 mil)
Return on Equity (ROE): 21.61% ($1.5 mil)
Quarterly return on equity: 14.43% ($1.0 mil)
Net income: $1.4 mil
Quarterly Net income: $0.3 mil
Pretax return on assets: 2.15% ($1,494.0 mil)
Quarterly Pretax return on assets: 1.50% ($1,042.3 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
16Total employees (full-time equivalent)
$69,488Total assets
$2,353Cash and due from depository institutions
$690Interest-bearing balances
$5,966Securities
$3,788Federal funds sold & reverse repurchase agreements
$52,900Net loans & leases
$600Loan loss allowance
$0Trading account assets
$2,531Bank premises and fixed assets
$0Other real estate owned
$766Goodwill and other intangibles
$69,488Life insurance assets
$1,184All other assets
$62,411Total liabilities and capital
$58,080Total liabilities
$47,699Total deposits
$58,080Interest-bearing deposits
$88Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$4,114Trading liabilities
$0Other borrowed funds
$217Subordinated debt
$7,077All other liabilities
$7,077Total equity capital
$7,077Total bank equity capital
$0Perpetual preferred stock
$120Common stock
$2,884Surplus
$4,073Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$252Income earned, not collected on loans
$0Earning assets
$654Long-term assets (5+ years)
$63,344Average Assets, year-to-date
$23,298Average Assets, quarterly
$69,268Volatile liabilities
$69,368Insider loans
$51,141FHLB advances
$70,293Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$6,096Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$11,970Restructured Loans and leases
$820Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$3,189Total interest income
$453Total interest expense
$2,736Net interest income
$60Provision for loan and lease losses
$209Total noninterest income
$0Fiduciary activities
$173Service charges on deposit accounts
$0Trading account gains & fees
$36Additional noninterest income
$1,855Total noninterest expense
$1,000Salaries and employee benefits
$310Premises and equipment expense
$545Additional noninterest expense
$1,030Pre-tax net operating income
$456Securities gains (losses)
$72Applicable income taxes
$1,414Income before extraordinary items
$0Extraordinary gains - net
$1,414Net income attributable to bank
$0Net charge-offs
$1,414Cash dividends
$6Sale, conversion, retirement of capital stock, net
$800Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.09%Yield on earning assets
0.72%Cost of funding earning assets
4.37%Net interest margin
0.33%Noninterest income to earning assets
2.96%Noninterest expense to earning assets
1.42%Net operating income to assets
2.04%Return on assets (ROA)
2.15%Pretax return on assets
21.61%Return on equity (ROE)
9.38%Retained earnings to average equity (YTD only)
0.01%Net charge-offs to loans
1000.00%Credit loss provision to net charge-offs
181.67%Efficiency ratio
62,988Assets per employee
4.34%Cash dividends to net income (YTD only)
Condition Ratios (%)
56.58%Loss allowance to loans
1.12%Loss allowance to noncurrent loans
238.10%Noncurrent assets plus other real estate owned to assets
0.36%Noncurrent loans to loans
0.47%Net loans and leases to deposits
91.08%Net loans and leases to core deposits
98.95%Equity capital to assets
10.18%Core capital (leverage) ratio
8.67%Tier 1 risk-based capital ratio
11.92%Total risk-based capital ratio
Memoranda
$13Average assets
$69,268Average earning assets
$6,543Average equity
$62,610Average loans

List of branches

4 Iowa Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	12410	Westside State Bank	401 First Street, Westside, IA 51467	June 01, 1907	Full Service Brick and Mortar
1	191	Halbur Branch	103 North Main Street, Halbur, IA 51444	July 18, 1923	Full Service Brick and Mortar
2	181388	Vail Branch	Main Street, Vail, IA 51465	July 16, 1962	Full Service Brick and Mortar
3	428063	Wall Lake Branch	202 West First Street, Wall Lake, IA 51466	April 26, 2004	Full Service Brick and Mortar

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

Westside State Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

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

Westside State Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

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