Central State Bank in State Center, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Central State Bank - Overview

  • General
  • FDIC Certificate #: 10903
    Status: Active
    Federal Reserve ID: 607146
    Bank Holding Company (Regulatory Top Holder): State Center Financial, Inc. (RSSDID: 1203769, Location: State Center, IA)
    Date Established: January 01, 1902
    WWW: http://www.centralstatebankia.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 6982
    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: 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: 109 West Main Street, State Center, IA 50247
    County: Marshall
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Des Moines
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Core Based Statistical Area (CBSA): Marshalltown, IA (#32260)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Change in Location
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $165.2 mil
    Equity capital: $21.0 mil
    Deposits held in domestic offices: $126.2 mil
    Return on assets (ROA): 1.43% ($2.4 mil)
    Quarterly return on assets: 2.40% ($4.0 mil)
    Return on Equity (ROE): 11.98% ($2.5 mil)
    Quarterly return on equity: 19.54% ($4.1 mil)
    Net income: $2.3 mil
    Quarterly Net income: $1.0 mil
    Pretax return on assets: 1.51% ($2,493.8 mil)
    Quarterly Pretax return on assets: 2.50% ($4,128.9 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
  • 18Total employees (full-time equivalent)
  • $165,154Total assets
  • $5,989Cash and due from depository institutions
  • $5,584Interest-bearing balances
  • $66,669Securities
  • $568Federal funds sold & reverse repurchase agreements
  • $88,506Net loans & leases
  • $2,189Loan loss allowance
  • $0Trading account assets
  • $256Bank premises and fixed assets
  • $443Other real estate owned
  • $0Goodwill and other intangibles
  • $165,154Life insurance assets
  • $2,723All other assets
  • $144,136Total liabilities and capital
  • $126,183Total liabilities
  • $115,997Total deposits
  • $126,183Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $17,300Trading liabilities
  • $0Other borrowed funds
  • $653Subordinated debt
  • $21,018All other liabilities
  • $21,018Total equity capital
  • $21,018Total bank equity capital
  • $0Perpetual preferred stock
  • $300Common stock
  • $6,750Surplus
  • $13,968Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,726Income earned, not collected on loans
  • $0Earning assets
  • $1,439Long-term assets (5+ years)
  • $161,327Average Assets, year-to-date
  • $48,506Average Assets, quarterly
  • $162,741Volatile liabilities
  • $169,849Insider loans
  • $134,813FHLB advances
  • $170,574Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $20,983Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $15,684Restructured Loans and leases
  • $575Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $7,531Total interest income
  • $2,473Total interest expense
  • $5,058Net interest income
  • $399Provision for loan and lease losses
  • $427Total noninterest income
  • $0Fiduciary activities
  • $93Service charges on deposit accounts
  • $0Trading account gains & fees
  • $334Additional noninterest income
  • $2,631Total noninterest expense
  • $1,450Salaries and employee benefits
  • $225Premises and equipment expense
  • $956Additional noninterest expense
  • $2,455Pre-tax net operating income
  • $0Securities gains (losses)
  • $122Applicable income taxes
  • $2,333Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,333Net income attributable to bank
  • $0Net charge-offs
  • $2,333Cash dividends
  • -$16Sale, conversion, retirement of capital stock, net
  • $950Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.77%Yield on earning assets
  • 1.57%Cost of funding earning assets
  • 3.20%Net interest margin
  • 0.27%Noninterest income to earning assets
  • 1.67%Noninterest expense to earning assets
  • 1.43%Net operating income to assets
  • 1.43%Return on assets (ROA)
  • 1.51%Pretax return on assets
  • 11.98%Return on equity (ROE)
  • 7.10%Retained earnings to average equity (YTD only)
  • -0.02%Net charge-offs to loans
  • -2493.75%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 47,967Assets per employee
  • 9.18%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 40.72%Loss allowance to loans
  • 2.41%Loss allowance to noncurrent loans
  • 58.75%Noncurrent assets plus other real estate owned to assets
  • 3.02%Noncurrent loans to loans
  • 4.11%Net loans and leases to deposits
  • 70.14%Net loans and leases to core deposits
  • 93.76%Equity capital to assets
  • 12.73%Core capital (leverage) ratio
  • 12.30%Tier 1 risk-based capital ratio
  • 15.56%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $162,741Average earning assets
  • $19,470Average equity
  • $157,896Average loans

Total Fiduciary and Related Assets (December 31, 2005)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $543Managed Assets
  • 1Number of Accounts
  • $543Personal trust and agency accounts
  • $543Employee 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
  • 3Number 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
    06982Central State Bank109 West Main Street, State Center, IA 50247January 01, 1902Full Service Brick and Mortar

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