Blue Grass Savings Bank in Blue Grass, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches


Blue Grass Savings Bank - Overview

  • General
  • FDIC Certificate #: 13753
    Status: Active
    Federal Reserve ID: 794345
    Bank Holding Company (Regulatory Top Holder): E M F Corporation (RSSDID: 1143913, Location: Woodway, WA)
    Date Established: January 01, 1902
    WWW: http://www.bluegrassbank.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 8601
    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: No
    Asset Concentration Hierarchy: Other Specialized Lending < 1 Billion
    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: 102 East Mayne Street, Blue Grass, IA 52726
    County: Scott
    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): Davenport-Moline-Rock Island, IA-IL (#1960)
    Core Based Statistical Area (CBSA): Davenport-Moline-Rock Island, IA-IL (#19340)
    CBSA Metro Statistical Area: Davenport-Moline-Rock Island, IA-IL (#19340)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $178.7 mil
    Equity capital: $27.0 mil
    Deposits held in domestic offices: $144.2 mil
    Return on assets (ROA): 0.71% ($1.3 mil)
    Quarterly return on assets: 0.39% ($0.7 mil)
    Return on Equity (ROE): 4.93% ($1.3 mil)
    Quarterly return on equity: 2.64% ($0.7 mil)
    Net income: $1.2 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.89% ($1,590.4 mil)
    Quarterly Pretax return on assets: 0.41% ($732.6 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
  • 15Total employees (full-time equivalent)
  • $178,694Total assets
  • $4,854Cash and due from depository institutions
  • $0Interest-bearing balances
  • $103,698Securities
  • $2,348Federal funds sold & reverse repurchase agreements
  • $58,459Net loans & leases
  • $1,096Loan loss allowance
  • $0Trading account assets
  • $1,930Bank premises and fixed assets
  • $865Other real estate owned
  • $0Goodwill and other intangibles
  • $178,693Life insurance assets
  • $6,540All other assets
  • $151,704Total liabilities and capital
  • $144,154Total liabilities
  • $133,406Total deposits
  • $144,154Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $6,869Trading liabilities
  • $0Other borrowed funds
  • $681Subordinated debt
  • $26,989All other liabilities
  • $26,989Total equity capital
  • $26,989Total bank equity capital
  • $0Perpetual preferred stock
  • $142Common stock
  • $3,000Surplus
  • $23,847Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,755Income earned, not collected on loans
  • $0Earning assets
  • $1,118Long-term assets (5+ years)
  • $164,505Average Assets, year-to-date
  • $45,516Average Assets, quarterly
  • $174,478Volatile liabilities
  • $176,968Insider loans
  • $77,033FHLB advances
  • $175,990Loans and leases held for sale
  • $3,709Unused loan commitments
  • $2,177Tier 1 (core) risk-based capital
  • $23,727Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $1,532Total unused commitments
  • $6,311Restructured Loans and leases
  • $1,298Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,545Total interest income
  • $2,634Total interest expense
  • $3,911Net interest income
  • $350Provision for loan and lease losses
  • $162Total noninterest income
  • $0Fiduciary activities
  • $8Service charges on deposit accounts
  • $0Trading account gains & fees
  • $154Additional noninterest income
  • $2,158Total noninterest expense
  • $1,167Salaries and employee benefits
  • $334Premises and equipment expense
  • $657Additional noninterest expense
  • $1,565Pre-tax net operating income
  • -$6Securities gains (losses)
  • $312Applicable income taxes
  • $1,247Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,247Net income attributable to bank
  • $0Net charge-offs
  • $1,247Cash dividends
  • $151Sale, conversion, retirement of capital stock, net
  • $113Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.04%Yield on earning assets
  • 1.62%Cost of funding earning assets
  • 2.41%Net interest margin
  • 0.10%Noninterest income to earning assets
  • 1.33%Noninterest expense to earning assets
  • 0.72%Net operating income to assets
  • 0.71%Return on assets (ROA)
  • 0.89%Pretax return on assets
  • 4.93%Return on equity (ROE)
  • 4.48%Retained earnings to average equity (YTD only)
  • 0.26%Net charge-offs to loans
  • 231.79%Credit loss provision to net charge-offs
  • 12.68%Efficiency ratio
  • 52,983Assets per employee
  • 11.91%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 9.06%Loss allowance to loans
  • 1.84%Loss allowance to noncurrent loans
  • 62.45%Noncurrent assets plus other real estate owned to assets
  • 1.47%Noncurrent loans to loans
  • 2.95%Net loans and leases to deposits
  • 40.55%Net loans and leases to core deposits
  • 44.66%Equity capital to assets
  • 15.10%Core capital (leverage) ratio
  • 13.48%Tier 1 risk-based capital ratio
  • 30.80%Total risk-based capital ratio
  • Memoranda
  • $32Average assets
  • $174,478Average earning assets
  • $25,285Average equity
  • $162,114Average 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
  • $4,359Managed Assets
  • 1Number of Accounts
  • $1,966Personal trust and agency accounts
  • $1,966Employee 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
  • 26Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $2,393Other retirement accounts
  • $2,393Corporate 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
    08601Blue Grass Savings Bank102 East Mayne Street, Blue Grass, IA 52726January 01, 1902Full Service Brick and Mortar

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