American State Bank in Osceola, Iowa (IA)



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American State Bank
GeneralFDIC 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
WWW: http://www.americanstatebank.com
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
LocationAddress: 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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)34
Total assets$137,467
Cash and due from depository institutions$9,335
Interest-bearing balances$2,491
Securities$29,022
Federal funds sold & reverse repurchase agreements$2,500
Net loans & leases$88,499
Loan loss allowance $1,015
Trading account assets$0
Bank premises and fixed assets$2,384
Other real estate owned$562
Goodwill and other intangibles$381
All other assets$4,784
Life insurance assets$137,467
Total liabilities and capital$125,471
Total liabilities$107,796
Total deposits$94,541
Interest-bearing deposits$107,796
Deposits held in domestic offices$82
% insured (estimated)5140.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$12,000
Other borrowed funds $0
Subordinated debt $535
All other liabilities $11,996
Total equity capital$11,996
Total bank equity capital$11,996
Perpetual preferred stock$0
Common stock$250
Surplus$4,400
Undivided profits $7,346
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $776
Earning assets $0
Long-term assets (5+ years) $1,212
Average Assets, year-to-date $122,512
Average Assets, quarterly $36,483
Volatile liabilities $126,314
Insider loans $135,489
FHLB advances $95,412
Loans and leases held for sale $136,521
Unused loan commitments $1,819
Tier 1 (core) risk-based capital $1,819
Tier 2 risk-based capital $11,047
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $7,648
Derivatives$2,191
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $6,201
Total interest expense $1,419
Net interest income $4,782
Provision for loan and lease losses $180
Total noninterest income $1,389
Fiduciary activities $0
Service charges on deposit accounts $915
Trading account gains & fees $0
Additional noninterest income $474
Total noninterest expense $3,881
Salaries and employee benefits $1,898
Premises and equipment expense $515
Additional noninterest expense $1,468
Pre-tax net operating income $2,110
Securities gains (losses) $47
Applicable income taxes $97
Income before extraordinary items $2,060
Extraordinary gains - net $0
Net income attributable to bank $2,060
Net charge-offs $0
Cash dividends $2,060
Sale, conversion, retirement of capital stock, net $31
Net operating income $1,280
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.52%
Cost of funding earning assets 1.26%
Net interest margin 4.26%
Noninterest income to earning assets 1.24%
Noninterest expense to earning assets 3.46%
Net operating income to assets 1.60%
Return on assets (ROA) 1.63%
Pretax return on assets 1.71%
Return on equity (ROE) 19.73%
Retained earnings to average equity (YTD only) 7.47%
Net charge-offs to loans 0.04%
Credit loss provision to net charge-offs 580.65%
Efficiency ratio73.87%
Assets per employee$62,745
Cash dividends to net income (YTD only)4.04%
Condition Ratios (%)
Loss allowance to loans 62.14%
Loss allowance to noncurrent loans 1.13%
Noncurrent assets plus other real estate owned to assets 130.80%
Noncurrent loans to loans 1.23%
Net loans and leases to deposits0.87%
Net loans and leases to core deposits 82.10%
Equity capital to assets 92.00%
Core capital (leverage) ratio 8.73%
Tier 1 risk-based capital ratio 8.09%
Total risk-based capital ratio 11.58%
Memoranda
Average assets$13
Average earning assets$126,314
Average equity $10,440
Average loans $112,262
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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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