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


Audubon State Bank - Overview

  • General
  • FDIC Certificate #: 5814
    Status: Active
    Federal Reserve ID: 760649
    Bank Holding Company (Regulatory Top Holder): Greene Investment Co. (RSSDID: 1205905, Location: Jefferson, IA)
    Date Established: January 01, 1876
    WWW: http://www.audubonstatebank.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 3973
    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: 315 Broadway, Audubon, IA 50025
    County: Audubon
    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: $90.0 mil
    Equity capital: $8.0 mil
    Deposits held in domestic offices: $77.0 mil
    Return on assets (ROA): 1.51% ($1.4 mil)
    Quarterly return on assets: 1.05% ($0.9 mil)
    Return on Equity (ROE): 17.19% ($1.4 mil)
    Quarterly return on equity: 11.63% ($0.9 mil)
    Net income: $1.3 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 1.58% ($1,421.8 mil)
    Quarterly Pretax return on assets: 1.10% ($989.9 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
  • 27Total employees (full-time equivalent)
  • $89,988Total assets
  • $7,458Cash and due from depository institutions
  • $2,884Interest-bearing balances
  • $14,537Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $65,191Net loans & leases
  • $1,042Loan loss allowance
  • $0Trading account assets
  • $296Bank premises and fixed assets
  • $47Other real estate owned
  • $853Goodwill and other intangibles
  • $89,988Life insurance assets
  • $1,606All other assets
  • $82,019Total liabilities and capital
  • $77,042Total liabilities
  • $66,415Total deposits
  • $77,042Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $4,703Trading liabilities
  • $0Other borrowed funds
  • $274Subordinated debt
  • $7,969All other liabilities
  • $7,969Total equity capital
  • $7,969Total bank equity capital
  • $0Perpetual preferred stock
  • $600Common stock
  • $1,900Surplus
  • $5,469Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $518Income earned, not collected on loans
  • $171Earning assets
  • $1,079Long-term assets (5+ years)
  • $82,612Average Assets, year-to-date
  • $14,345Average Assets, quarterly
  • $88,244Volatile liabilities
  • $88,591Insider loans
  • $68,540FHLB advances
  • $89,600Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $6,813Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $14,301Restructured Loans and leases
  • $3,685Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,677Total interest income
  • $583Total interest expense
  • $3,094Net interest income
  • $280Provision for loan and lease losses
  • $1,411Total noninterest income
  • $0Fiduciary activities
  • $186Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,225Additional noninterest income
  • $2,830Total noninterest expense
  • $1,721Salaries and employee benefits
  • $259Premises and equipment expense
  • $850Additional noninterest expense
  • $1,395Pre-tax net operating income
  • $0Securities gains (losses)
  • $63Applicable income taxes
  • $1,332Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,332Net income attributable to bank
  • $0Net charge-offs
  • $1,332Cash dividends
  • $397Sale, conversion, retirement of capital stock, net
  • $1,023Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.51%Yield on earning assets
  • 0.71%Cost of funding earning assets
  • 3.79%Net interest margin
  • 1.73%Noninterest income to earning assets
  • 3.47%Noninterest expense to earning assets
  • 1.51%Net operating income to assets
  • 1.51%Return on assets (ROA)
  • 1.58%Pretax return on assets
  • 17.19%Return on equity (ROE)
  • 3.99%Retained earnings to average equity (YTD only)
  • 0.66%Net charge-offs to loans
  • 70.53%Credit loss provision to net charge-offs
  • 4.22%Efficiency ratio
  • 60,400Assets per employee
  • 3.33%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 76.80%Loss allowance to loans
  • 1.57%Loss allowance to noncurrent loans
  • 201.16%Noncurrent assets plus other real estate owned to assets
  • 0.63%Noncurrent loans to loans
  • 0.78%Net loans and leases to deposits
  • 84.62%Net loans and leases to core deposits
  • 91.12%Equity capital to assets
  • 8.86%Core capital (leverage) ratio
  • 7.60%Tier 1 risk-based capital ratio
  • 9.94%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $88,244Average earning assets
  • $7,751Average equity
  • $81,581Average 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
  • $121Managed Assets
  • 1Number of Accounts
  • $121Personal trust and agency accounts
  • $121Employee 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
  • 14Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 2 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    03973Audubon State Bank315 Broadway, Audubon, IA 50025January 01, 1876Full Service Brick and Mortar
    2208204Detached Tellers' Facility502 Market Street, Audubon, IA 50025March 12, 1979Limited Service Facility

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