American State Bank in Sioux Center, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • American State Bank in Sioux Center, Iowa (IA)
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American State Bank - Overview

  • General
  • FDIC Certificate #: 228
    Status: Active
    Federal Reserve ID: 735441
    Bank Holding Company (Regulatory Top Holder): Ambank Company, Inc. (RSSDID: 1201457, Location: Sioux Center, IA)
    Date Established: September 01, 1913
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 6 (Domestic: 6, Interstate: No)
    OTS Docket #: 12625
    FDIC's unique #: 181
    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: 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: 525 North Main Street, Sioux Center, IA 51250
    County: Sioux
    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: $567.8 mil
    Equity capital: $59.7 mil
    Deposits held in domestic offices: $473.7 mil
    Return on assets (ROA): 2.21% ($12.6 mil)
    Quarterly return on assets: 2.32% ($13.2 mil)
    Return on Equity (ROE): 20.84% ($12.5 mil)
    Quarterly return on equity: 21.87% ($13.1 mil)
    Net income: $11.9 mil
    Quarterly Net income: $3.2 mil
    Pretax return on assets: 2.32% ($13,172.4 mil)
    Quarterly Pretax return on assets: 2.41% ($13,683.4 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
  • 87Total employees (full-time equivalent)
  • $567,776Total assets
  • $58,262Cash and due from depository institutions
  • $47,740Interest-bearing balances
  • $10,705Securities
  • $11,077Federal funds sold & reverse repurchase agreements
  • $473,976Net loans & leases
  • $7,771Loan loss allowance
  • $0Trading account assets
  • $4,111Bank premises and fixed assets
  • $22Other real estate owned
  • $1,347Goodwill and other intangibles
  • $567,776Life insurance assets
  • $8,276All other assets
  • $508,122Total liabilities and capital
  • $473,741Total liabilities
  • $432,885Total deposits
  • $473,741Interest-bearing deposits
  • $82Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $33,000Trading liabilities
  • $0Other borrowed funds
  • $1,381Subordinated debt
  • $59,654All other liabilities
  • $59,654Total equity capital
  • $59,654Total bank equity capital
  • $0Perpetual preferred stock
  • $740Common stock
  • $7,860Surplus
  • $51,054Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $578Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,186Income earned, not collected on loans
  • $87Earning assets
  • $3,878Long-term assets (5+ years)
  • $543,498Average Assets, year-to-date
  • $80,154Average Assets, quarterly
  • $537,977Volatile liabilities
  • $556,902Insider loans
  • $492,646FHLB advances
  • $554,631Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $59,244Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $191,616Restructured Loans and leases
  • $11,837Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $28,431Total interest income
  • $7,510Total interest expense
  • $20,921Net interest income
  • $2,495Provision for loan and lease losses
  • $4,136Total noninterest income
  • $910Fiduciary activities
  • $621Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,605Additional noninterest income
  • $10,087Total noninterest expense
  • $6,090Salaries and employee benefits
  • $1,175Premises and equipment expense
  • $2,822Additional noninterest expense
  • $12,475Pre-tax net operating income
  • $0Securities gains (losses)
  • $579Applicable income taxes
  • $11,896Income before extraordinary items
  • $0Extraordinary gains - net
  • $11,896Net income attributable to bank
  • $0Net charge-offs
  • $11,896Cash dividends
  • $871Sale, conversion, retirement of capital stock, net
  • $6,175Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.52%Yield on earning assets
  • 1.46%Cost of funding earning assets
  • 4.06%Net interest margin
  • 0.80%Noninterest income to earning assets
  • 1.96%Noninterest expense to earning assets
  • 2.21%Net operating income to assets
  • 2.21%Return on assets (ROA)
  • 2.32%Pretax return on assets
  • 20.84%Return on equity (ROE)
  • 10.02%Retained earnings to average equity (YTD only)
  • 0.18%Net charge-offs to loans
  • 286.45%Credit loss provision to net charge-offs
  • 17.19%Efficiency ratio
  • 40,256Assets per employee
  • 6.53%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 51.91%Loss allowance to loans
  • 1.61%Loss allowance to noncurrent loans
  • 243.91%Noncurrent assets plus other real estate owned to assets
  • 0.57%Noncurrent loans to loans
  • 0.66%Net loans and leases to deposits
  • 100.05%Net loans and leases to core deposits
  • 101.95%Equity capital to assets
  • 10.51%Core capital (leverage) ratio
  • 10.68%Tier 1 risk-based capital ratio
  • 12.03%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $537,977Average earning assets
  • $57,073Average equity
  • $515,325Average 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
  • $288,866Managed Assets
  • 1Number of Accounts
  • $170,496Personal trust and agency accounts
  • $40,625Employee benefit-defined contribution accounts
  • $8,615Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $18,360Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $68,877Other fiduciary accounts
  • $34,019Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 4280Number of Accounts
  • $0Personal trust and agency accounts
  • $18,360Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $118,370Other retirement accounts
  • $1Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $118,368Fiduciary accounts held in foreign offices

List of branches

  • 6 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0181American State Bank525 North Main Street, Sioux Center, IA 51250September 01, 1913Full Service Brick and Mortar
    1181373Granville Branch741 Broad St, Granville, IA 51022January 02, 1936Full Service Brick and Mortar
    2181374Hospers Branch100 Second Avenue North, Hospers, IA 51238June 15, 1973Full Service Brick and Mortar
    3181375Alvord Branch212 Main Street, Alvord, IA 51230November 18, 1996Full Service Brick and Mortar
    4181376Sioux Center Branch18 6th Street , N.W., Sioux Center, IA 51250October 28, 1998Limited Service Facility
    5431556Hull Branch624 Main Street, Hull, IA 51239August 18, 2004Full Service Brick and Mortar

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