Benton County State Bank in Blairstown, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches


Benton County State Bank - Overview

  • General
  • FDIC Certificate #: 13774
    Status: Active
    Federal Reserve ID: 824242
    Bank Holding Company (Regulatory Top Holder): Blairstown Bancorp, Inc. (RSSDID: 1491708, Location: Blairstown, IA)
    Date Established: January 01, 1869
    WWW: http://www.bentoncountystatebank.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    OTS Docket #: 13729
    FDIC's unique #: 8612
    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: No
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: January 29, 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: 212 Locust Northeast, Blairstown, IA 52209
    County: Benton
    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
    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: $40.8 mil
    Equity capital: $5.7 mil
    Deposits held in domestic offices: $27.7 mil
    Return on assets (ROA): 1.45% ($0.6 mil)
    Quarterly return on assets: 1.18% ($0.5 mil)
    Return on Equity (ROE): 10.35% ($0.6 mil)
    Quarterly return on equity: 8.29% ($0.5 mil)
    Net income: $0.6 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 1.94% ($790.9 mil)
    Quarterly Pretax return on assets: 1.55% ($631.9 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
  • 7Total employees (full-time equivalent)
  • $40,767Total assets
  • $1,386Cash and due from depository institutions
  • $114Interest-bearing balances
  • $6,671Securities
  • $944Federal funds sold & reverse repurchase agreements
  • $30,074Net loans & leases
  • $244Loan loss allowance
  • $0Trading account assets
  • $304Bank premises and fixed assets
  • $19Other real estate owned
  • $0Goodwill and other intangibles
  • $40,767Life insurance assets
  • $1,369All other assets
  • $35,090Total liabilities and capital
  • $27,732Total liabilities
  • $22,667Total deposits
  • $27,732Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $6,500Trading liabilities
  • $0Other borrowed funds
  • $858Subordinated debt
  • $5,677All other liabilities
  • $5,677Total equity capital
  • $5,677Total bank equity capital
  • $0Perpetual preferred stock
  • $150Common stock
  • $1,350Surplus
  • $4,177Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $642Long-term assets (5+ years)
  • $37,803Average Assets, year-to-date
  • $15,277Average Assets, quarterly
  • $40,101Volatile liabilities
  • $40,642Insider loans
  • $31,718FHLB advances
  • $41,316Loans and leases held for sale
  • $234Unused loan commitments
  • $234Tier 1 (core) risk-based capital
  • $5,525Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $4,246Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,143Total interest income
  • $476Total interest expense
  • $1,667Net interest income
  • $0Provision for loan and lease losses
  • $127Total noninterest income
  • $0Fiduciary activities
  • $80Service charges on deposit accounts
  • $0Trading account gains & fees
  • $47Additional noninterest income
  • $1,076Total noninterest expense
  • $724Salaries and employee benefits
  • $138Premises and equipment expense
  • $214Additional noninterest expense
  • $718Pre-tax net operating income
  • $61Securities gains (losses)
  • $197Applicable income taxes
  • $582Income before extraordinary items
  • $0Extraordinary gains - net
  • $582Net income attributable to bank
  • $0Net charge-offs
  • $582Cash dividends
  • $6Sale, conversion, retirement of capital stock, net
  • $360Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.73%Yield on earning assets
  • 1.27%Cost of funding earning assets
  • 4.46%Net interest margin
  • 0.34%Noninterest income to earning assets
  • 2.88%Noninterest expense to earning assets
  • 1.34%Net operating income to assets
  • 1.45%Return on assets (ROA)
  • 1.94%Pretax return on assets
  • 10.35%Return on equity (ROE)
  • 3.95%Retained earnings to average equity (YTD only)
  • 0.02%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 119.67%Efficiency ratio
  • 59,978Assets per employee
  • 5.82%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 61.86%Loss allowance to loans
  • 0.80%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.05%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 108.45%Net loans and leases to core deposits
  • 122.62%Equity capital to assets
  • 13.93%Core capital (leverage) ratio
  • 13.37%Tier 1 risk-based capital ratio
  • 17.42%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $40,101Average earning assets
  • $5,621Average equity
  • $37,396Average loans

Total Fiduciary and Related Assets (December 31, 2001)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $479Managed Assets
  • 1Number of Accounts
  • $479Personal trust and agency accounts
  • $479Employee 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
  • 1Number 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

  • 1 Iowa Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    08612Benton County State Bank212 Locust Northeast, Blairstown, IA 52209January 01, 1869Full Service Brick and Mortar

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