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

Ackley State Bank - Overview

  • General
  • FDIC Certificate #: 14936
    Status: Active
    Federal Reserve ID: 730446
    Bank Holding Company (Regulatory Top Holder): Gnb Bancorporation (RSSDID: 1205950, Location: Grundy Center, IA)
    Date Established: January 01, 1934
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 5 (Domestic: 5, Interstate: No)
    OTS Docket #: 11454
    FDIC's unique #: 9354
    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: Yes
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: December 18, 1934
    Last Structure Change Effective Date: November 03, 2011
    Last Structure Change Process Date: November 30, 2011
    Last Data Update: November 30, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 650 Main Street, Ackley, IA 50601
    County: Hardin
    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
  • History of Changes
  • Change in Primary Regulatory Agency
    Change in Supervisory Agency
    Institution Becomes a Member of FRS (Federal Reserve System)
  • Financial Summary
  • Total assets: $124.5 mil
    Equity capital: $13.2 mil
    Deposits held in domestic offices: $90.0 mil
    Return on assets (ROA): 0.88% ($1.1 mil)
    Quarterly return on assets: 1.42% ($1.8 mil)
    Return on Equity (ROE): 8.74% ($1.1 mil)
    Quarterly return on equity: 13.35% ($1.7 mil)
    Net income: $1.1 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 0.92% ($1,145.5 mil)
    Quarterly Pretax return on assets: 1.48% ($1,842.8 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
  • 33Total employees (full-time equivalent)
  • $124,513Total assets
  • $11,075Cash and due from depository institutions
  • $7,141Interest-bearing balances
  • $40,758Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $64,578Net loans & leases
  • $927Loan loss allowance
  • $0Trading account assets
  • $1,401Bank premises and fixed assets
  • $595Other real estate owned
  • $699Goodwill and other intangibles
  • $124,513Life insurance assets
  • $5,407All other assets
  • $111,361Total liabilities and capital
  • $90,028Total liabilities
  • $68,516Total deposits
  • $90,028Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 2906.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $17,050Trading liabilities
  • $0Other borrowed funds
  • $1,377Subordinated debt
  • $13,152All other liabilities
  • $13,152Total equity capital
  • $13,152Total bank equity capital
  • $0Perpetual preferred stock
  • $300Common stock
  • $4,300Surplus
  • $8,552Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $103Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $387Income earned, not collected on loans
  • $0Earning assets
  • $759Long-term assets (5+ years)
  • $112,477Average Assets, year-to-date
  • $26,985Average Assets, quarterly
  • $121,402Volatile liabilities
  • $122,513Insider loans
  • $92,666FHLB advances
  • $121,851Loans and leases held for sale
  • $2,270Unused loan commitments
  • $2,270Tier 1 (core) risk-based capital
  • $11,432Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $15,336Restructured Loans and leases
  • $471Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,630Total interest income
  • $1,161Total interest expense
  • $3,469Net interest income
  • $293Provision for loan and lease losses
  • $1,344Total noninterest income
  • $7Fiduciary activities
  • $171Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,166Additional noninterest income
  • $3,405Total noninterest expense
  • $1,887Salaries and employee benefits
  • $259Premises and equipment expense
  • $1,259Additional noninterest expense
  • $1,115Pre-tax net operating income
  • $0Securities gains (losses)
  • $48Applicable income taxes
  • $1,067Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,067Net income attributable to bank
  • $0Net charge-offs
  • $1,067Cash dividends
  • $222Sale, conversion, retirement of capital stock, net
  • $255Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.21%Yield on earning assets
  • 1.06%Cost of funding earning assets
  • 3.16%Net interest margin
  • 1.22%Noninterest income to earning assets
  • 3.10%Noninterest expense to earning assets
  • 0.88%Net operating income to assets
  • 0.88%Return on assets (ROA)
  • 0.92%Pretax return on assets
  • 8.74%Return on equity (ROE)
  • 6.65%Retained earnings to average equity (YTD only)
  • 0.36%Net charge-offs to loans
  • 131.98%Credit loss provision to net charge-offs
  • 6.34%Efficiency ratio
  • 70,330Assets per employee
  • 3.77%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 23.90%Loss allowance to loans
  • 1.42%Loss allowance to noncurrent loans
  • 239.53%Noncurrent assets plus other real estate owned to assets
  • 0.79%Noncurrent loans to loans
  • 0.59%Net loans and leases to deposits
  • 71.73%Net loans and leases to core deposits
  • 81.87%Equity capital to assets
  • 10.56%Core capital (leverage) ratio
  • 9.38%Tier 1 risk-based capital ratio
  • 12.34%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $121,402Average earning assets
  • $12,205Average equity
  • $109,850Average 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
  • $2,834Managed Assets
  • 1Number of Accounts
  • $1,988Personal trust and agency accounts
  • $1,988Employee 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
  • 86Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $846Other retirement accounts
  • $489Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $357Fiduciary accounts held in foreign offices

List of branches

  • 5 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    09354Ackley State Bank650 Main Street, Ackley, IA 50601January 01, 1934Full Service Brick and Mortar
    1232462Geneva BranchMain Street, Geneva, IA 50633December 10, 1979Full Service Brick and Mortar
    3419512Iowa Falls Branch831 S Oak St, Iowa Falls, IA 50126October 07, 2002Full Service Brick and Mortar
    4431176Story City Office629 Broad Street, Story City, IA 50248July 26, 2004Full Service Brick and Mortar
    5476113Timberland Village Branch725 Timberland Drive, Story City, IA 50248January 15, 2008Limited Service Mobile

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