Cedar Valley Bank & Trust in La Porte City, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches


Cedar Valley Bank & Trust - Overview

  • General
  • FDIC Certificate #: 14694
    Status: Active
    Federal Reserve ID: 1014246
    Bank Holding Company (Regulatory Top Holder): D & D Bancshares, Inc. (RSSDID: 1363962, Location: La Porte City, IA)
    Date Established: July 06, 1906
    WWW: http://www.cedarvalleybank.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 14694
    FDIC's unique #: 9190
    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: August 22, 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: 321 Main Street, La Porte City, IA 50651
    County: Black Hawk
    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): Waterloo-Cedar Falls, IA (#8920)
    Core Based Statistical Area (CBSA): Waterloo-Cedar Falls, IA (#47940)
    CBSA Metro Statistical Area: Waterloo-Cedar Falls, IA (#47940)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $45.4 mil
    Equity capital: $3.9 mil
    Deposits held in domestic offices: $41.4 mil
    Return on assets (ROA): 1.06% ($0.5 mil)
    Quarterly return on assets: 1.04% ($0.5 mil)
    Return on Equity (ROE): 12.71% ($0.5 mil)
    Quarterly return on equity: 12.17% ($0.5 mil)
    Net income: $0.5 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 1.12% ($508.4 mil)
    Quarterly Pretax return on assets: 1.10% ($499.3 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
  • 15Total employees (full-time equivalent)
  • $45,395Total assets
  • $5,480Cash and due from depository institutions
  • $4,309Interest-bearing balances
  • $12,790Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $25,159Net loans & leases
  • $229Loan loss allowance
  • $0Trading account assets
  • $712Bank premises and fixed assets
  • $592Other real estate owned
  • $0Goodwill and other intangibles
  • $45,395Life insurance assets
  • $662All other assets
  • $41,507Total liabilities and capital
  • $41,403Total liabilities
  • $31,806Total deposits
  • $41,403Interest-bearing deposits
  • $77Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $104Subordinated debt
  • $3,888All other liabilities
  • $3,888Total equity capital
  • $3,888Total bank equity capital
  • $0Perpetual preferred stock
  • $90Common stock
  • $1,560Surplus
  • $2,238Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $65Income earned, not collected on loans
  • $0Earning assets
  • $388Long-term assets (5+ years)
  • $42,258Average Assets, year-to-date
  • $11,139Average Assets, quarterly
  • $43,564Volatile liabilities
  • $44,919Insider loans
  • $26,434FHLB advances
  • $46,374Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $3,562Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,395Restructured Loans and leases
  • $941Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,079Total interest income
  • $204Total interest expense
  • $1,875Net interest income
  • $114Provision for loan and lease losses
  • $122Total noninterest income
  • $3Fiduciary activities
  • $115Service charges on deposit accounts
  • $0Trading account gains & fees
  • $4Additional noninterest income
  • $1,425Total noninterest expense
  • $755Salaries and employee benefits
  • $172Premises and equipment expense
  • $498Additional noninterest expense
  • $458Pre-tax net operating income
  • $29Securities gains (losses)
  • $24Applicable income taxes
  • $463Income before extraordinary items
  • $0Extraordinary gains - net
  • $463Net income attributable to bank
  • $0Net charge-offs
  • $463Cash dividends
  • $262Sale, conversion, retirement of capital stock, net
  • $200Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.17%Yield on earning assets
  • 0.51%Cost of funding earning assets
  • 4.66%Net interest margin
  • 0.30%Noninterest income to earning assets
  • 3.54%Noninterest expense to earning assets
  • 1.00%Net operating income to assets
  • 1.06%Return on assets (ROA)
  • 1.12%Pretax return on assets
  • 12.71%Return on equity (ROE)
  • 7.22%Retained earnings to average equity (YTD only)
  • 1.00%Net charge-offs to loans
  • 43.51%Credit loss provision to net charge-offs
  • 2.18%Efficiency ratio
  • 71,357Assets per employee
  • 3.03%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 43.20%Loss allowance to loans
  • 0.90%Loss allowance to noncurrent loans
  • 352.31%Noncurrent assets plus other real estate owned to assets
  • 1.45%Noncurrent loans to loans
  • 0.26%Net loans and leases to deposits
  • 60.77%Net loans and leases to core deposits
  • 61.18%Equity capital to assets
  • 8.56%Core capital (leverage) ratio
  • 7.68%Tier 1 risk-based capital ratio
  • 13.48%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $43,564Average earning assets
  • $3,642Average equity
  • $40,248Average 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
  • $840Managed Assets
  • 1Number of Accounts
  • $750Personal trust and agency accounts
  • $750Employee 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
  • 7Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $90Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $90Fiduciary accounts held in foreign offices

List of branches

  • 2 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    09190Cedar Valley Bank & Trust321 Main Street, La Porte City, IA 50651July 06, 1906Full Service Brick and Mortar
    3419671Vinton Branch405 W 3rd St, Vinton, IA 52349June 09, 2003Full Service Brick and Mortar

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