AMES COMMUNITY BANK in Ames, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches


AMES COMMUNITY BANK - Overview

  • General
  • FDIC Certificate #: 11763
    Status: Active
    Federal Reserve ID: 269049
    Bank Holding Company (Regulatory Top Holder): Ogden Bancshares, Inc. (RSSDID: 2321428, Location: Boone, IA)
    Date Established: June 01, 1884
    WWW: http://www.amesbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 8 (Domestic: 8, Interstate: No)
    FDIC's unique #: 7523
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: May 01, 2010
    Last Structure Change Process Date: June 07, 2010
    Last Data Update: June 07, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 104 Chestnut St, Ames, IA 50010
    County: Story
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Des Moines
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Combined Statistical Area (CSA): Ames-Boone, IA (#112)
    Core Based Statistical Area (CBSA): Ames, IA (#11180)
    CBSA Metro Statistical Area: Ames, IA (#11180)
  • History of Changes
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $431.7 mil
    Equity capital: $39.5 mil
    Deposits held in domestic offices: $366.0 mil
    Return on assets (ROA): 0.18% ($0.8 mil)
    Quarterly return on assets: -0.15% (-$0.6 mil)
    Return on Equity (ROE): 1.90% ($0.8 mil)
    Quarterly return on equity: -1.63% (-$0.7 mil)
    Net income: $0.8 mil
    Quarterly Net income: -$0.2 mil
    Pretax return on assets: 0.18% ($777.0 mil)
    Quarterly Pretax return on assets: -0.15% (-$647.5 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
  • 92Total employees (full-time equivalent)
  • $431,656Total assets
  • $52,452Cash and due from depository institutions
  • $47,509Interest-bearing balances
  • $56,721Securities
  • $100Federal funds sold & reverse repurchase agreements
  • $286,869Net loans & leases
  • $6,727Loan loss allowance
  • $0Trading account assets
  • $10,839Bank premises and fixed assets
  • $17,690Other real estate owned
  • $740Goodwill and other intangibles
  • $431,656Life insurance assets
  • $6,245All other assets
  • $392,130Total liabilities and capital
  • $366,024Total liabilities
  • $275,265Total deposits
  • $366,024Interest-bearing deposits
  • $88Deposits held in domestic offices
  • 1892.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $21,500Trading liabilities
  • $0Other borrowed funds
  • $2,714Subordinated debt
  • $39,526All other liabilities
  • $39,526Total equity capital
  • $39,526Total bank equity capital
  • $0Perpetual preferred stock
  • $12,250Common stock
  • $36,497Surplus
  • $-9,221Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $326Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $10,209Income earned, not collected on loans
  • $0Earning assets
  • $1,761Long-term assets (5+ years)
  • $391,199Average Assets, year-to-date
  • $64,654Average Assets, quarterly
  • $425,328Volatile liabilities
  • $425,956Insider loans
  • $319,496FHLB advances
  • $429,956Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $39,265Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $31,640Restructured Loans and leases
  • $3,185Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $18,550Total interest income
  • $4,949Total interest expense
  • $13,601Net interest income
  • $2,125Provision for loan and lease losses
  • $1,287Total noninterest income
  • $5Fiduciary activities
  • $497Service charges on deposit accounts
  • $0Trading account gains & fees
  • $785Additional noninterest income
  • $12,205Total noninterest expense
  • $5,797Salaries and employee benefits
  • $2,211Premises and equipment expense
  • $4,197Additional noninterest expense
  • $558Pre-tax net operating income
  • $195Securities gains (losses)
  • $0Applicable income taxes
  • $753Income before extraordinary items
  • $0Extraordinary gains - net
  • $753Net income attributable to bank
  • $0Net charge-offs
  • $753Cash dividends
  • $3,500Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.79%Yield on earning assets
  • 1.28%Cost of funding earning assets
  • 3.52%Net interest margin
  • 0.33%Noninterest income to earning assets
  • 3.15%Noninterest expense to earning assets
  • 0.13%Net operating income to assets
  • 0.18%Return on assets (ROA)
  • 0.18%Pretax return on assets
  • 1.90%Return on equity (ROE)
  • 1.90%Retained earnings to average equity (YTD only)
  • 1.18%Net charge-offs to loans
  • 60.71%Credit loss provision to net charge-offs
  • 0.77%Efficiency ratio
  • 81,979Assets per employee
  • 4.69%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.29%Loss allowance to noncurrent loans
  • 65.89%Noncurrent assets plus other real estate owned to assets
  • 6.46%Noncurrent loans to loans
  • 3.48%Net loans and leases to deposits
  • 78.37%Net loans and leases to core deposits
  • 94.85%Equity capital to assets
  • 9.16%Core capital (leverage) ratio
  • 9.13%Tier 1 risk-based capital ratio
  • 12.29%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $425,328Average earning assets
  • $39,541Average equity
  • $386,923Average 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
  • $31,920Managed Assets
  • 1Number of Accounts
  • $31,920Personal trust and agency accounts
  • $4,026Employee 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
  • $27,894Non-managed Assets
  • 25Number 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

  • 8 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    07523Ames Community Bank104 Chestnut St, Ames, IA 50010June 01, 1884Full Service Brick and Mortar
    2419230107 Main Street Branch107 Main Street, Ames, IA 50010December 09, 2002Full Service Brick and Mortar
    3423501North Highway 69 Branch604 North Highway 69, Huxley, IA 50124November 17, 2003Full Service Brick and Mortar
    4442628Mortensen Branch4510 Mortensen Road Suite 101, Ames, IA 50014June 20, 2005Full Service Brick and Mortar
    577232Community Bank Of Boone Branch1704 South Marshall Street, Boone, IA 50036June 07, 1999Full Service Brick and Mortar
    6494796City State Bank Branch217 W. Mulberry, Ogden, IA 50212January 17, 2009Full Service Brick and Mortar
    7494797Community Bank Of Boone Branch504 Story St, Boone, IA 50036January 17, 2009Limited Service Facility
    8453359Grimes Branch925 Se Gateway Dr., Grimes, IA 50111October 13, 2006Full Service Brick and Mortar

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