Central Bank in Storm Lake, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Central Bank - Overview

  • General
  • FDIC Certificate #: 15555
    Status: Active
    Federal Reserve ID: 546544
    Bank Holding Company (Regulatory Top Holder): Commercial Financial Corp (RSSDID: 1978674, Location: Storm Lake, IA)
    Date Established: January 01, 1879
    WWW: http://www.centralbankonline.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 9 (Domestic: 9, Interstate: No)
    OTS Docket #: 10364
    FDIC's unique #: 9849
    Numeric code: 13
    Regulator: FED
    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: Commercial Lending Specialization
    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: 600 Lake Avenue, Storm Lake, IA 50588
    County: Buena Vista
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Sioux City
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Core Based Statistical Area (CBSA): Storm Lake, IA (#44740)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $459.8 mil
    Equity capital: $53.2 mil
    Deposits held in domestic offices: $392.7 mil
    Return on assets (ROA): 1.08% ($5.0 mil)
    Quarterly return on assets: 1.50% ($6.9 mil)
    Return on Equity (ROE): 9.92% ($5.3 mil)
    Quarterly return on equity: 12.58% ($6.7 mil)
    Net income: $4.7 mil
    Quarterly Net income: $1.7 mil
    Pretax return on assets: 1.66% ($7,633.5 mil)
    Quarterly Pretax return on assets: 2.33% ($10,714.5 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
  • 111Total employees (full-time equivalent)
  • $459,848Total assets
  • $30,064Cash and due from depository institutions
  • $18,899Interest-bearing balances
  • $17,829Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $389,585Net loans & leases
  • $5,539Loan loss allowance
  • $0Trading account assets
  • $10,500Bank premises and fixed assets
  • $250Other real estate owned
  • $1,082Goodwill and other intangibles
  • $459,848Life insurance assets
  • $10,538All other assets
  • $406,621Total liabilities and capital
  • $392,667Total liabilities
  • $325,893Total deposits
  • $392,667Interest-bearing deposits
  • $86Deposits held in domestic offices
  • 1580.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $11,000Trading liabilities
  • $0Other borrowed funds
  • $1,374Subordinated debt
  • $53,227All other liabilities
  • $53,227Total equity capital
  • $53,227Total bank equity capital
  • $0Perpetual preferred stock
  • $615Common stock
  • $37,562Surplus
  • $15,050Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $7,062Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,248Income earned, not collected on loans
  • $46Earning assets
  • $2,525Long-term assets (5+ years)
  • $426,313Average Assets, year-to-date
  • $47,191Average Assets, quarterly
  • $436,838Volatile liabilities
  • $449,629Insider loans
  • $439,284FHLB advances
  • $450,408Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $51,646Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $62,291Restructured Loans and leases
  • $508Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $21,717Total interest income
  • $4,420Total interest expense
  • $17,297Net interest income
  • $1,900Provision for loan and lease losses
  • $4,456Total noninterest income
  • $62Fiduciary activities
  • $1,348Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3,046Additional noninterest income
  • $12,594Total noninterest expense
  • $8,180Salaries and employee benefits
  • $1,135Premises and equipment expense
  • $3,279Additional noninterest expense
  • $7,259Pre-tax net operating income
  • -$18Securities gains (losses)
  • $2,530Applicable income taxes
  • $4,711Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,711Net income attributable to bank
  • $0Net charge-offs
  • $4,711Cash dividends
  • $1,584Sale, conversion, retirement of capital stock, net
  • $10,550Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.34%Yield on earning assets
  • 1.09%Cost of funding earning assets
  • 4.25%Net interest margin
  • 1.10%Noninterest income to earning assets
  • 3.10%Noninterest expense to earning assets
  • 1.08%Net operating income to assets
  • 1.08%Return on assets (ROA)
  • 1.66%Pretax return on assets
  • 9.92%Return on equity (ROE)
  • -12.30%Retained earnings to average equity (YTD only)
  • 0.41%Net charge-offs to loans
  • 119.95%Credit loss provision to net charge-offs
  • 5.78%Efficiency ratio
  • 57,302Assets per employee
  • 4.14%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 223.94%Loss allowance to loans
  • 1.40%Loss allowance to noncurrent loans
  • 130.39%Noncurrent assets plus other real estate owned to assets
  • 0.98%Noncurrent loans to loans
  • 1.08%Net loans and leases to deposits
  • 99.22%Net loans and leases to core deposits
  • 109.98%Equity capital to assets
  • 11.57%Core capital (leverage) ratio
  • 11.47%Tier 1 risk-based capital ratio
  • 11.76%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $436,838Average earning assets
  • $47,480Average equity
  • $406,664Average 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
  • $20,138Managed Assets
  • 1Number of Accounts
  • $11,125Personal trust and agency accounts
  • $10,006Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $1,119Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 136Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $9,013Other retirement accounts
  • $4,558Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $4,455Fiduciary accounts held in foreign offices

List of branches

  • 9 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    09849Central Bank600 Lake Avenue, Storm Lake, IA 50588January 01, 1879Full Service Brick and Mortar
    1234537Drive-In Branch1237 Lake Avenue, Storm Lake, IA 50588June 28, 1978Limited Service Facility
    36467Cherokee Central Trust Branch201 West Main Street, Cherokee, IA 51012May 01, 1931Full Service Brick and Mortar
    4221884Quimby Branch119 North Main, Quimby, IA 51049April 11, 1940Limited Service Facility
    5221885Washta BranchMain Street, Washta, IA 51061August 01, 1931Limited Service Facility
    6263121Cherokee Branch2 Bow Drive, Cherokee, IA 51012January 01, 1923Limited Service Facility
    7362876522 Fourth Street Branch504 Fourth Street Branch, Sioux City, IA 51101December 18, 2001Full Service Brick and Mortar
    89695Spirit Lake Branch1400 18th Street, Spirit Lake, IA 51360January 01, 1935Full Service Brick and Mortar
    9465474Central Bank - Hamilton Branch2906 Hamilton Blvd, Sioux City, IA 51104October 27, 2006Full Service Brick and Mortar

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