Bank Iowa in West Des Moines, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Bank Iowa in West Des Moines, Iowa (IA)
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Bank Iowa - Overview

  • General
  • FDIC Certificate #: 14521
    Status: Active
    Federal Reserve ID: 187947
    Bank Holding Company (Regulatory Top Holder): Bank Iowa Corporation (RSSDID: 1202762, Location: West Des Moines, IA)
    Date Established: March 07, 1923
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 24 (Domestic: 24, Interstate: No)
    OTS Docket #: 13639
    FDIC's unique #: 9074
    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: June 28, 1934
    Last Structure Change Effective Date: August 05, 2011
    Last Structure Change Process Date: August 05, 2011
    Last Data Update: August 05, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 1150 Jordan Creek Parkway, West Des Moines, IA 50266
    County: Dallas
    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
    Metropolitan Statistical Area (MSA): Des Moines, IA (#2120)
    Combined Statistical Area (CSA): Des Moines-Newton-Pella, IA (#218)
    Core Based Statistical Area (CBSA): Des Moines-West Des Moines, IA (#19780)
    CBSA Metro Statistical Area: Des Moines-West Des Moines, IA (#19780)
  • History of Changes
  • Change in Geographic Region/Area/Territory/Field Office
  • Financial Summary
  • Total assets: $1,089.9 mil
    Equity capital: $93.8 mil
    Deposits held in domestic offices: $913.9 mil
    Return on assets (ROA): 0.96% ($10.5 mil)
    Quarterly return on assets: 1.13% ($12.3 mil)
    Return on Equity (ROE): 11.36% ($10.7 mil)
    Quarterly return on equity: 13.19% ($12.4 mil)
    Net income: $10.3 mil
    Quarterly Net income: $3.1 mil
    Pretax return on assets: 1.01% ($11,008.0 mil)
    Quarterly Pretax return on assets: 1.19% ($12,969.8 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
  • 213Total employees (full-time equivalent)
  • $1,089,899Total assets
  • $83,774Cash and due from depository institutions
  • $60,372Interest-bearing balances
  • $305,662Securities
  • $8,728Federal funds sold & reverse repurchase agreements
  • $636,070Net loans & leases
  • $10,202Loan loss allowance
  • $0Trading account assets
  • $15,415Bank premises and fixed assets
  • $6,995Other real estate owned
  • $0Goodwill and other intangibles
  • $1,089,899Life insurance assets
  • $33,255All other assets
  • $996,106Total liabilities and capital
  • $913,937Total liabilities
  • $768,035Total deposits
  • $913,937Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 12881.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $66,012Trading liabilities
  • $0Other borrowed funds
  • $3,276Subordinated debt
  • $93,793All other liabilities
  • $93,793Total equity capital
  • $93,793Total bank equity capital
  • $0Perpetual preferred stock
  • $540Common stock
  • $33,165Surplus
  • $60,088Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $801Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $13,656Income earned, not collected on loans
  • $567Earning assets
  • $8,645Long-term assets (5+ years)
  • $1,010,832Average Assets, year-to-date
  • $290,653Average Assets, quarterly
  • $1,073,258Volatile liabilities
  • $1,083,501Insider loans
  • $717,195FHLB advances
  • $1,093,981Loans and leases held for sale
  • $15,547Unused loan commitments
  • $15,547Tier 1 (core) risk-based capital
  • $89,789Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $85,170Restructured Loans and leases
  • $215Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $44,401Total interest income
  • $11,160Total interest expense
  • $33,241Net interest income
  • $4,892Provision for loan and lease losses
  • $5,488Total noninterest income
  • $77Fiduciary activities
  • $2,383Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3,028Additional noninterest income
  • $23,820Total noninterest expense
  • $13,725Salaries and employee benefits
  • $2,986Premises and equipment expense
  • $7,109Additional noninterest expense
  • $10,017Pre-tax net operating income
  • $783Securities gains (losses)
  • $521Applicable income taxes
  • $10,279Income before extraordinary items
  • $0Extraordinary gains - net
  • $10,279Net income attributable to bank
  • $0Net charge-offs
  • $10,279Cash dividends
  • $4,099Sale, conversion, retirement of capital stock, net
  • $7,108Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.50%Yield on earning assets
  • 1.13%Cost of funding earning assets
  • 3.37%Net interest margin
  • 0.56%Noninterest income to earning assets
  • 2.41%Noninterest expense to earning assets
  • 0.89%Net operating income to assets
  • 0.96%Return on assets (ROA)
  • 1.01%Pretax return on assets
  • 11.36%Return on equity (ROE)
  • 3.51%Retained earnings to average equity (YTD only)
  • 0.64%Net charge-offs to loans
  • 119.35%Credit loss provision to net charge-offs
  • 3.64%Efficiency ratio
  • 61,504Assets per employee
  • 5.12%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 69.15%Loss allowance to loans
  • 1.58%Loss allowance to noncurrent loans
  • 74.71%Noncurrent assets plus other real estate owned to assets
  • 2.03%Noncurrent loans to loans
  • 2.11%Net loans and leases to deposits
  • 69.60%Net loans and leases to core deposits
  • 73.47%Equity capital to assets
  • 8.61%Core capital (leverage) ratio
  • 8.21%Tier 1 risk-based capital ratio
  • 12.52%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $1,073,258Average earning assets
  • $90,456Average equity
  • $986,587Average 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
  • $29,559Managed Assets
  • 1Number of Accounts
  • $24,595Personal trust and agency accounts
  • $24,595Employee 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
  • 251Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $4,964Other retirement accounts
  • $1,103Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $3,652Fiduciary accounts held in foreign offices

List of branches

  • 24 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    09074Bank Iowa1150 Jordan Creek Parkway, West Des Moines, IA 50266March 07, 1923Full Service Brick and Mortar
    1231622Clarinda Drive-Up101 West Washington Street, Clarinda, IA 51632December 15, 1978Limited Service Facility
    28754Villisca Branch300 South Third Avenue, Villisca, IA 50864January 01, 1934Full Service Brick and Mortar
    33962Bank Iowa Denison Branch1108 Broadway, Denison, IA 51442June 06, 1919Full Service Brick and Mortar
    412393Charter Oak Branch17 Main Street, Charter Oak, IA 51439January 01, 1901Full Service Brick and Mortar
    511419Schleswig Branch121 Second Street, Schleswig, IA 51461April 20, 1955Full Service Brick and Mortar
    6241666Manilla Branch341 Fourth Street, Manilla, IA 51454January 14, 1985Full Service Brick and Mortar
    72944Bank Iowa Red Oak Branch1805 North Broadway, Red Oak, IA 51566January 01, 1901Full Service Brick and Mortar
    8203723Essex Branch528 Iowa Street, Essex, IA 51638August 28, 1996Full Service Brick and Mortar
    9634Shenandoah West Branch701 West Sheridan Avenue, Shenandoah, IA 51601January 01, 1909Full Service Brick and Mortar
    10186755Drive-In Motor Bank Branch1300 West Nishna Road, Shenandoah, IA 51601October 16, 1995Limited Service Facility
    119992Bank Iowa New Hampton Branch606 West Milwaukee, New Hampton, IA 50659June 16, 1937Full Service Brick and Mortar
    12235103Waucoma Branch102 1st Avenue, Southwest, Waucoma, IA 52171August 19, 1946Full Service Brick and Mortar
    13235104Lawler Branch308 E Grove St, Lawler, IA 52154July 27, 1998Full Service Brick and Mortar
    14446233Fredericksburg Branch165 North Woodward Avenue, Fredericksburg, IA 50630December 15, 2005Full Service Brick and Mortar
    157254Bank Iowa Oskaloosa Branch1710 Third Avenue East, Oskaloosa, IA 52577January 01, 1917Full Service Brick and Mortar
    16224401Fremont Branch210 East Main Street, Fremont, IA 52561December 17, 1993Full Service Brick and Mortar
    17419573Newton Branch215 West 2nd Street North, Newton, IA 50208March 18, 2002Full Service Brick and Mortar
    186482Bank Iowa Humboldt Branch506 Sumner Avenue, Humboldt, IA 50548January 01, 1927Full Service Brick and Mortar
    19221899Gilmore City Branch106 Southeast C Avenue, Gilmore City, IA 50541October 19, 1931Full Service Brick and Mortar
    20221901Humboldt Drive-Up1302 5th Avenue North, Humboldt, IA 50548October 01, 1975Limited Service Facility
    2155096Bank Iowa Altoona Branch420 8th Street Southeast, Altoona, IA 50009August 26, 1994Full Service Brick and Mortar
    22433166Clarinda Branch101 N. 15th Street, Clarinda, IA 51632October 07, 2004Full Service Brick and Mortar
    23467261Bank Iowa Johnston Branch5525 Merle Hay Rd, Suite 195, Johnston, IA 50131April 01, 2007Full Service Brick and Mortar

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