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


Ashton State Bank - Overview

  • General
  • FDIC Certificate #: 11343
    Status: Active
    Federal Reserve ID: 821643
    Bank Holding Company (Regulatory Top Holder): Ashton Bancshares, Inc. (RSSDID: 1250419, Location: Saint Paul, MN)
    Date Established: March 01, 1884
    WWW: http://www.ashtonstatebank.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    OTS Docket #: 10514
    FDIC's unique #: 7245
    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: 317 Third Street, Ashton, IA 51232
    County: Osceola
    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
  • Change in Location
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $39.8 mil
    Equity capital: $4.6 mil
    Deposits held in domestic offices: $30.3 mil
    Return on assets (ROA): 1.88% ($0.8 mil)
    Quarterly return on assets: 1.51% ($0.6 mil)
    Return on Equity (ROE): 15.78% ($0.8 mil)
    Quarterly return on equity: 12.52% ($0.6 mil)
    Net income: $0.7 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 1.97% ($783.7 mil)
    Quarterly Pretax return on assets: 1.59% ($632.5 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
  • 6Total employees (full-time equivalent)
  • $39,780Total assets
  • $731Cash and due from depository institutions
  • $0Interest-bearing balances
  • $11,421Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $25,915Net loans & leases
  • $228Loan loss allowance
  • $0Trading account assets
  • $65Bank premises and fixed assets
  • $175Other real estate owned
  • $0Goodwill and other intangibles
  • $39,780Life insurance assets
  • $1,473All other assets
  • $35,168Total liabilities and capital
  • $30,328Total liabilities
  • $26,781Total deposits
  • $30,328Interest-bearing deposits
  • $99Deposits held in domestic offices
  • 1525.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $3,180Trading liabilities
  • $0Other borrowed funds
  • $135Subordinated debt
  • $4,612All other liabilities
  • $4,612Total equity capital
  • $4,612Total bank equity capital
  • $0Perpetual preferred stock
  • $400Common stock
  • $1,600Surplus
  • $2,612Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $374Income earned, not collected on loans
  • $0Earning assets
  • $387Long-term assets (5+ years)
  • $37,336Average Assets, year-to-date
  • $17,802Average Assets, quarterly
  • $36,728Volatile liabilities
  • $38,315Insider loans
  • $30,629FHLB advances
  • $38,023Loans and leases held for sale
  • $802Unused loan commitments
  • $529Tier 1 (core) risk-based capital
  • $4,319Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $273Total unused commitments
  • $4,291Restructured Loans and leases
  • $1,573Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,697Total interest income
  • $413Total interest expense
  • $1,284Net interest income
  • $30Provision for loan and lease losses
  • $186Total noninterest income
  • $6Fiduciary activities
  • $49Service charges on deposit accounts
  • $0Trading account gains & fees
  • $131Additional noninterest income
  • $724Total noninterest expense
  • $421Salaries and employee benefits
  • $52Premises and equipment expense
  • $251Additional noninterest expense
  • $716Pre-tax net operating income
  • $8Securities gains (losses)
  • $34Applicable income taxes
  • $690Income before extraordinary items
  • $0Extraordinary gains - net
  • $690Net income attributable to bank
  • $0Net charge-offs
  • $690Cash dividends
  • $15Sale, conversion, retirement of capital stock, net
  • $500Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.95%Yield on earning assets
  • 1.20%Cost of funding earning assets
  • 3.74%Net interest margin
  • 0.54%Noninterest income to earning assets
  • 2.11%Noninterest expense to earning assets
  • 1.86%Net operating income to assets
  • 1.88%Return on assets (ROA)
  • 1.97%Pretax return on assets
  • 15.78%Return on equity (ROE)
  • 4.35%Retained earnings to average equity (YTD only)
  • 0.06%Net charge-offs to loans
  • 200.00%Credit loss provision to net charge-offs
  • 49.73%Efficiency ratio
  • 49,252Assets per employee
  • 6.63%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 72.46%Loss allowance to loans
  • 0.87%Loss allowance to noncurrent loans
  • 60.96%Noncurrent assets plus other real estate owned to assets
  • 1.63%Noncurrent loans to loans
  • 1.43%Net loans and leases to deposits
  • 85.45%Net loans and leases to core deposits
  • 86.59%Equity capital to assets
  • 11.59%Core capital (leverage) ratio
  • 11.36%Tier 1 risk-based capital ratio
  • 14.10%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $36,728Average earning assets
  • $4,371Average equity
  • $34,317Average 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
  • $10,098Managed Assets
  • 1Number of Accounts
  • $9,789Personal trust and agency accounts
  • $9,789Employee 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
  • 19Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $309Other retirement accounts
  • $28Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $281Fiduciary accounts held in foreign offices

List of branches

  • 1 Iowa Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    07245Ashton State Bank317 Third Street, Ashton, IA 51232March 01, 1884Full Service Brick and Mortar

Comment about this bank, ask questions, or add new information about it:

CAPTCHA

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Ashton State Bank.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents