Bank Plus in Estherville, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Bank Plus in Estherville, Iowa (IA)
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Bank Plus - Overview

  • General
  • FDIC Certificate #: 16547
    Status: Active
    Federal Reserve ID: 329149
    Bank Holding Company (Regulatory Top Holder): Swea City Bancorporation, Inc. (RSSDID: 1210084, Location: Estherville, IA)
    Date Established: March 01, 1947
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    OTS Docket #: 13612
    FDIC's unique #: 10699
    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: March 01, 1947
    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: 1202 Central Avenue, Estherville, IA 51334
    County: Emmet
    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: $82.0 mil
    Equity capital: $10.1 mil
    Deposits held in domestic offices: $63.4 mil
    Return on assets (ROA): 1.20% ($1.0 mil)
    Quarterly return on assets: 1.62% ($1.3 mil)
    Return on Equity (ROE): 10.53% ($1.1 mil)
    Quarterly return on equity: 13.37% ($1.3 mil)
    Net income: $1.0 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 1.26% ($1,033.5 mil)
    Quarterly Pretax return on assets: 1.70% ($1,394.4 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
  • 26Total employees (full-time equivalent)
  • $82,026Total assets
  • $1,691Cash and due from depository institutions
  • $2Interest-bearing balances
  • $9,680Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $67,306Net loans & leases
  • $866Loan loss allowance
  • $0Trading account assets
  • $1,136Bank premises and fixed assets
  • $47Other real estate owned
  • $0Goodwill and other intangibles
  • $82,026Life insurance assets
  • $2,166All other assets
  • $71,949Total liabilities and capital
  • $63,425Total liabilities
  • $48,816Total deposits
  • $63,425Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 1016.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $7,200Trading liabilities
  • $0Other borrowed funds
  • $308Subordinated debt
  • $10,077All other liabilities
  • $10,077Total equity capital
  • $10,077Total bank equity capital
  • $0Perpetual preferred stock
  • $50Common stock
  • $2,360Surplus
  • $7,667Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $664Income earned, not collected on loans
  • $0Earning assets
  • $1,169Long-term assets (5+ years)
  • $76,988Average Assets, year-to-date
  • $34,172Average Assets, quarterly
  • $84,920Volatile liabilities
  • $81,931Insider loans
  • $71,837FHLB advances
  • $82,291Loans and leases held for sale
  • $202Unused loan commitments
  • $202Tier 1 (core) risk-based capital
  • $9,846Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $13,164Restructured Loans and leases
  • $1,623Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,469Total interest income
  • $605Total interest expense
  • $3,864Net interest income
  • $336Provision for loan and lease losses
  • $293Total noninterest income
  • $0Fiduciary activities
  • $207Service charges on deposit accounts
  • $0Trading account gains & fees
  • $86Additional noninterest income
  • $2,751Total noninterest expense
  • $1,791Salaries and employee benefits
  • $288Premises and equipment expense
  • $672Additional noninterest expense
  • $1,070Pre-tax net operating income
  • $0Securities gains (losses)
  • $53Applicable income taxes
  • $1,017Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,017Net income attributable to bank
  • $0Net charge-offs
  • $1,017Cash dividends
  • $135Sale, conversion, retirement of capital stock, net
  • $420Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.68%Yield on earning assets
  • 0.77%Cost of funding earning assets
  • 4.91%Net interest margin
  • 0.37%Noninterest income to earning assets
  • 3.49%Noninterest expense to earning assets
  • 1.20%Net operating income to assets
  • 1.20%Return on assets (ROA)
  • 1.26%Pretax return on assets
  • 10.53%Return on equity (ROE)
  • 6.18%Retained earnings to average equity (YTD only)
  • 0.19%Net charge-offs to loans
  • 248.89%Credit loss provision to net charge-offs
  • 10.41%Efficiency ratio
  • 66,178Assets per employee
  • 3.15%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 41.30%Loss allowance to loans
  • 1.27%Loss allowance to noncurrent loans
  • 130.42%Noncurrent assets plus other real estate owned to assets
  • 0.87%Noncurrent loans to loans
  • 0.97%Net loans and leases to deposits
  • 106.12%Net loans and leases to core deposits
  • 110.31%Equity capital to assets
  • 12.29%Core capital (leverage) ratio
  • 11.96%Tier 1 risk-based capital ratio
  • 13.71%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $84,920Average earning assets
  • $9,655Average equity
  • $78,726Average 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
  • $1,077Managed Assets
  • 1Number of Accounts
  • $132Personal trust and agency accounts
  • $132Employee 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
  • 71Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $945Other retirement accounts
  • $945Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 4 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    010699Bank Plus1202 Central Avenue, Estherville, IA 51334March 01, 1947Full Service Brick and Mortar
    117500Lone Rock BranchMain Street, Lone Rock, IA 50559January 01, 1800Full Service Brick and Mortar
    212287Robins Avenue Branch117-123 Robins Avenue, Graettinger, IA 51342March 24, 1934Full Service Brick and Mortar
    4238303Swea City Branch322 3rd Street, Swea City, IA 50590January 15, 1997Full Service Brick and Mortar

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