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

American State Bank - Overview

  • General
  • FDIC Certificate #: 26944
    Status: Active
    Federal Reserve ID: 276645
    Bank Holding Company (Regulatory Top Holder): Osceola Bancorporation (RSSDID: 1144095, Location: Osceola, IA)
    Date Established: April 23, 1987
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 13210
    FDIC's unique #: 36344
    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: April 23, 1987
    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: 1000 Jeffreys Drive, Osceola, IA 50213
    County: Clarke
    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
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $137.5 mil
    Equity capital: $12.0 mil
    Deposits held in domestic offices: $107.8 mil
    Return on assets (ROA): 1.63% ($2.2 mil)
    Quarterly return on assets: 1.85% ($2.5 mil)
    Return on Equity (ROE): 19.73% ($2.4 mil)
    Quarterly return on equity: 21.16% ($2.5 mil)
    Net income: $2.1 mil
    Quarterly Net income: $0.6 mil
    Pretax return on assets: 1.71% ($2,350.7 mil)
    Quarterly Pretax return on assets: 1.94% ($2,666.9 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
  • 34Total employees (full-time equivalent)
  • $137,467Total assets
  • $9,335Cash and due from depository institutions
  • $2,491Interest-bearing balances
  • $29,022Securities
  • $2,500Federal funds sold & reverse repurchase agreements
  • $88,499Net loans & leases
  • $1,015Loan loss allowance
  • $0Trading account assets
  • $2,384Bank premises and fixed assets
  • $562Other real estate owned
  • $381Goodwill and other intangibles
  • $137,467Life insurance assets
  • $4,784All other assets
  • $125,471Total liabilities and capital
  • $107,796Total liabilities
  • $94,541Total deposits
  • $107,796Interest-bearing deposits
  • $82Deposits held in domestic offices
  • 5140.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $12,000Trading liabilities
  • $0Other borrowed funds
  • $535Subordinated debt
  • $11,996All other liabilities
  • $11,996Total equity capital
  • $11,996Total bank equity capital
  • $0Perpetual preferred stock
  • $250Common stock
  • $4,400Surplus
  • $7,346Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $776Income earned, not collected on loans
  • $0Earning assets
  • $1,212Long-term assets (5+ years)
  • $122,512Average Assets, year-to-date
  • $36,483Average Assets, quarterly
  • $126,314Volatile liabilities
  • $135,489Insider loans
  • $95,412FHLB advances
  • $136,521Loans and leases held for sale
  • $1,819Unused loan commitments
  • $1,819Tier 1 (core) risk-based capital
  • $11,047Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $7,648Restructured Loans and leases
  • $2,191Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,201Total interest income
  • $1,419Total interest expense
  • $4,782Net interest income
  • $180Provision for loan and lease losses
  • $1,389Total noninterest income
  • $0Fiduciary activities
  • $915Service charges on deposit accounts
  • $0Trading account gains & fees
  • $474Additional noninterest income
  • $3,881Total noninterest expense
  • $1,898Salaries and employee benefits
  • $515Premises and equipment expense
  • $1,468Additional noninterest expense
  • $2,110Pre-tax net operating income
  • $47Securities gains (losses)
  • $97Applicable income taxes
  • $2,060Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,060Net income attributable to bank
  • $0Net charge-offs
  • $2,060Cash dividends
  • $31Sale, conversion, retirement of capital stock, net
  • $1,280Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.52%Yield on earning assets
  • 1.26%Cost of funding earning assets
  • 4.26%Net interest margin
  • 1.24%Noninterest income to earning assets
  • 3.46%Noninterest expense to earning assets
  • 1.60%Net operating income to assets
  • 1.63%Return on assets (ROA)
  • 1.71%Pretax return on assets
  • 19.73%Return on equity (ROE)
  • 7.47%Retained earnings to average equity (YTD only)
  • 0.04%Net charge-offs to loans
  • 580.65%Credit loss provision to net charge-offs
  • 73.87%Efficiency ratio
  • 62,745Assets per employee
  • 4.04%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 62.14%Loss allowance to loans
  • 1.13%Loss allowance to noncurrent loans
  • 130.80%Noncurrent assets plus other real estate owned to assets
  • 1.23%Noncurrent loans to loans
  • 0.87%Net loans and leases to deposits
  • 82.10%Net loans and leases to core deposits
  • 92.00%Equity capital to assets
  • 8.73%Core capital (leverage) ratio
  • 8.09%Tier 1 risk-based capital ratio
  • 11.58%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $126,314Average earning assets
  • $10,440Average equity
  • $112,262Average loans

List of branches

  • 3 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    036344American State Bank1000 Jeffreys Drive, Osceola, IA 50213April 23, 1987Full Service Brick and Mortar
    4278397Osceola Branch101 North Main, Osceola, IA 50213December 21, 1970Full Service Brick and Mortar
    5260530Lamoni Branch801 East Main Street, Lamoni, IA 50140August 04, 1998Full Service Brick and Mortar

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