FDIC Certificate #: 8519 Status: Active Federal Reserve ID: 359744 Bank Holding Company (Regulatory Top Holder): Country Bancorporation (RSSDID: 1203910, Location: Crawfordsville, IA) Date Established: January 01, 1908 WWW:http://www.whitestatebank.com Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 5428 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: 209 Ives Street, South English, IA 52335 County: Keokuk 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: $32.2 mil Equity capital: $5.0 mil Deposits held in domestic offices: $27.0 mil Return on assets (ROA): 1.51% ($0.5 mil) Quarterly return on assets: 1.69% ($0.5 mil) Return on Equity (ROE): 9.77% ($0.5 mil) Quarterly return on equity: 11.15% ($0.6 mil) Net income: $0.5 mil Quarterly Net income: $0.1 mil Pretax return on assets: 2.22% ($715.8 mil) Quarterly Pretax return on assets: 2.49% ($802.9 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
5Total employees (full-time equivalent)
$32,244Total assets
$3,092Cash and due from depository institutions
$2,700Interest-bearing balances
$10,760Securities
$65Federal funds sold & reverse repurchase agreements
$16,813Net loans & leases
$245Loan loss allowance
$0Trading account assets
$121Bank premises and fixed assets
$0Other real estate owned
$1,031Goodwill and other intangibles
$32,244Life insurance assets
$362All other assets
$27,233Total liabilities and capital
$27,039Total liabilities
$22,404Total deposits
$27,039Interest-bearing deposits
$96Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$194Subordinated debt
$5,011All other liabilities
$5,011Total equity capital
$5,011Total bank equity capital
$0Perpetual preferred stock
$200Common stock
$3,321Surplus
$1,490Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$2Income earned, not collected on loans
$0Earning assets
$301Long-term assets (5+ years)
$30,338Average Assets, year-to-date
$9,920Average Assets, quarterly
$31,129Volatile liabilities
$32,622Insider loans
$18,978FHLB advances
$31,606Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$3,805Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$866Restructured Loans and leases
$36Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$1,406Total interest income
$307Total interest expense
$1,099Net interest income
$0Provision for loan and lease losses
$120Total noninterest income
$0Fiduciary activities
$100Service charges on deposit accounts
$0Trading account gains & fees
$20Additional noninterest income
$528Total noninterest expense
$318Salaries and employee benefits
$46Premises and equipment expense
$164Additional noninterest expense
$691Pre-tax net operating income
$1Securities gains (losses)
$223Applicable income taxes
$469Income before extraordinary items
$0Extraordinary gains - net
$469Net income attributable to bank
$0Net charge-offs
$469Cash dividends
$0Sale, conversion, retirement of capital stock, net
$200Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.82%Yield on earning assets
1.05%Cost of funding earning assets
3.77%Net interest margin
0.41%Noninterest income to earning assets
1.81%Noninterest expense to earning assets
1.50%Net operating income to assets
1.51%Return on assets (ROA)
2.22%Pretax return on assets
9.77%Return on equity (ROE)
5.60%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
41,017Assets per employee
6.45%Cash dividends to net income (YTD only)
Condition Ratios (%)
42.64%Loss allowance to loans
1.44%Loss allowance to noncurrent loans
12250.00%Noncurrent assets plus other real estate owned to assets
0.01%Noncurrent loans to loans
0.01%Net loans and leases to deposits
62.18%Net loans and leases to core deposits
63.98%Equity capital to assets
15.54%Core capital (leverage) ratio
12.04%Tier 1 risk-based capital ratio
20.05%Total risk-based capital ratio
Memoranda
$21Average assets
$31,129Average earning assets
$4,801Average equity
$29,148Average loans
List of branches
1 Iowa Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
5428
White State Bank
209 Ives Street, South English, IA 52335
January 01, 1908
Full Service Brick and Mortar
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