BankIowa of Cedar Rapids in Cedar Rapids, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches


BankIowa of Cedar Rapids - Overview

  • General
  • FDIC Certificate #: 17282
    Status: Active
    Federal Reserve ID: 737548
    Bank Holding Company (Regulatory Top Holder): Fidelity Ban Corporation (RSSDID: 1204337, Location: Independence, IA)
    Date Established: January 01, 1881
    WWW: http://www.bankiowa.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 11 (Domestic: 11, Interstate: No)
    FDIC's unique #: 11301
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: December 11, 1953
    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: 7045 C Avenue Northeast, Cedar Rapids, IA 52402
    County: Linn
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Cedar Rapids
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Metropolitan Statistical Area (MSA): Cedar Rapids, IA (#1360)
    Core Based Statistical Area (CBSA): Cedar Rapids, IA (#16300)
    CBSA Metro Statistical Area: Cedar Rapids, IA (#16300)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $464.4 mil
    Equity capital: $49.2 mil
    Deposits held in domestic offices: $375.8 mil
    Return on assets (ROA): 1.03% ($4.8 mil)
    Quarterly return on assets: 1.05% ($4.9 mil)
    Return on Equity (ROE): 9.90% ($4.9 mil)
    Quarterly return on equity: 9.80% ($4.8 mil)
    Net income: $4.6 mil
    Quarterly Net income: $1.2 mil
    Pretax return on assets: 1.07% ($4,969.0 mil)
    Quarterly Pretax return on assets: 1.10% ($5,108.3 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
  • 119Total employees (full-time equivalent)
  • $464,395Total assets
  • $23,487Cash and due from depository institutions
  • $13,236Interest-bearing balances
  • $81,714Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $330,282Net loans & leases
  • $3,576Loan loss allowance
  • $0Trading account assets
  • $7,165Bank premises and fixed assets
  • $1,692Other real estate owned
  • $3,662Goodwill and other intangibles
  • $464,395Life insurance assets
  • $16,393All other assets
  • $415,176Total liabilities and capital
  • $375,836Total liabilities
  • $307,254Total deposits
  • $375,836Interest-bearing deposits
  • $83Deposits held in domestic offices
  • 14750.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $20,700Trading liabilities
  • $0Other borrowed funds
  • $3,890Subordinated debt
  • $49,219All other liabilities
  • $49,219Total equity capital
  • $49,219Total bank equity capital
  • $0Perpetual preferred stock
  • $170Common stock
  • $13,738Surplus
  • $35,311Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $6,718Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,108Income earned, not collected on loans
  • $110Earning assets
  • $2,969Long-term assets (5+ years)
  • $425,232Average Assets, year-to-date
  • $92,060Average Assets, quarterly
  • $450,046Volatile liabilities
  • $456,904Insider loans
  • $359,787FHLB advances
  • $454,374Loans and leases held for sale
  • $9,839Unused loan commitments
  • $9,839Tier 1 (core) risk-based capital
  • $41,816Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $94,072Restructured Loans and leases
  • $2,302Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $19,825Total interest income
  • $5,205Total interest expense
  • $14,620Net interest income
  • $1,400Provision for loan and lease losses
  • $5,076Total noninterest income
  • $510Fiduciary activities
  • $1,054Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3,512Additional noninterest income
  • $13,760Total noninterest expense
  • $8,721Salaries and employee benefits
  • $1,419Premises and equipment expense
  • $3,620Additional noninterest expense
  • $4,536Pre-tax net operating income
  • $289Securities gains (losses)
  • $177Applicable income taxes
  • $4,648Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,648Net income attributable to bank
  • $0Net charge-offs
  • $4,648Cash dividends
  • $1,603Sale, conversion, retirement of capital stock, net
  • $2,075Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.81%Yield on earning assets
  • 1.26%Cost of funding earning assets
  • 3.54%Net interest margin
  • 1.23%Noninterest income to earning assets
  • 3.34%Noninterest expense to earning assets
  • 0.97%Net operating income to assets
  • 1.03%Return on assets (ROA)
  • 1.07%Pretax return on assets
  • 9.90%Return on equity (ROE)
  • 5.48%Retained earnings to average equity (YTD only)
  • 0.50%Net charge-offs to loans
  • 87.34%Credit loss provision to net charge-offs
  • 3.70%Efficiency ratio
  • 69,821Assets per employee
  • 3.90%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 44.64%Loss allowance to loans
  • 1.07%Loss allowance to noncurrent loans
  • 115.06%Noncurrent assets plus other real estate owned to assets
  • 1.03%Noncurrent loans to loans
  • 0.93%Net loans and leases to deposits
  • 87.88%Net loans and leases to core deposits
  • 90.42%Equity capital to assets
  • 10.60%Core capital (leverage) ratio
  • 9.20%Tier 1 risk-based capital ratio
  • 11.62%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $450,046Average earning assets
  • $46,934Average equity
  • $412,456Average 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
  • $105,811Managed Assets
  • 1Number of Accounts
  • $75,427Personal trust and agency accounts
  • $56,348Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $5,022Corporate trust and agency accounts
  • $1,836Investment management agency accounts
  • $11,461Other fiduciary accounts
  • $760Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 240Number of Accounts
  • $0Personal trust and agency accounts
  • $5,022Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $30,384Other retirement accounts
  • $7,400Corporate trust and agency accounts
  • $7,483Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 11 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    011301Bankiowa Of Cedar Rapids7045 C Avenue Northeast, Cedar Rapids, IA 52402January 01, 1881Full Service Brick and Mortar
    2228054Lamont Branch633 Bush Street, Lamont, IA 50650November 01, 1937Full Service Brick and Mortar
    4278079Jesup Branch1311 Sixth Street, Jesup, IA 50648January 01, 1890Full Service Brick and Mortar
    5278617First Street East Branch230 First Street East, Independence, IA 50644January 01, 1905Full Service Brick and Mortar
    6278619University Avenue Branch6804 University Avenue, Cedar Falls, IA 50613January 01, 1905Full Service Brick and Mortar
    7241289Norway Branch102 Railroad Street West, Norway, IA 52318March 19, 1999Full Service Brick and Mortar
    8363122Kimball Branch3222 Kimball Avenue, Waterloo, IA 50702Febuary 19, 2002Full Service Brick and Mortar
    9363196Edgewood Parkway Branch2701 Edgewood Parkway, Sw, Cedar Rapids, IA 52404August 01, 2001Full Service Brick and Mortar
    10430628Drive Up Branch331 Second Street, Ne, Independence, IA 50644June 30, 2004Limited Service Facility
    12454114Independence South Office Branch305 Enterprise Drive, Independence, IA 50644June 30, 2006Full Service Brick and Mortar
    13462637Downtown Waterloo330 East 4th Street, Waterloo, IA 50703April 23, 2007Full Service Brick and Mortar

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