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


  • Central State Bank in Elkader, Iowa (IA)
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Central State Bank - Overview

  • General
  • FDIC Certificate #: 1550
    Status: Active
    Federal Reserve ID: 678744
    Bank Holding Company (Regulatory Top Holder): Ajj Bancorp, Inc. (RSSDID: 2253734, Location: Elkader, IA)
    Date Established: November 12, 1931
    WWW: http://www.bankatcentral.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 7 (Domestic: 7, Interstate: No)
    FDIC's unique #: 1019
    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: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: October 22, 2010
    Last Structure Change Process Date: December 07, 2010
    Last Data Update: December 07, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 102 North Main Street, Elkader, IA 52043
    County: Clayton
    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
  • History of Changes
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $155.1 mil
    Equity capital: $22.8 mil
    Deposits held in domestic offices: $130.0 mil
    Return on assets (ROA): 1.27% ($2.0 mil)
    Quarterly return on assets: 1.08% ($1.7 mil)
    Return on Equity (ROE): 8.52% ($2.0 mil)
    Quarterly return on equity: 7.25% ($1.7 mil)
    Net income: $2.0 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 1.27% ($1,969.5 mil)
    Quarterly Pretax return on assets: 1.10% ($1,705.9 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
  • 37Total employees (full-time equivalent)
  • $155,080Total assets
  • $16,697Cash and due from depository institutions
  • $8,741Interest-bearing balances
  • $14,743Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $114,071Net loans & leases
  • $2,463Loan loss allowance
  • $0Trading account assets
  • $1,601Bank premises and fixed assets
  • $1,972Other real estate owned
  • $0Goodwill and other intangibles
  • $155,080Life insurance assets
  • $5,996All other assets
  • $132,318Total liabilities and capital
  • $130,045Total liabilities
  • $106,598Total deposits
  • $130,045Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $1,120Trading liabilities
  • $0Other borrowed funds
  • $1,153Subordinated debt
  • $22,762All other liabilities
  • $22,762Total equity capital
  • $22,762Total bank equity capital
  • $0Perpetual preferred stock
  • $800Common stock
  • $17,200Surplus
  • $4,762Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $240Income earned, not collected on loans
  • $0Earning assets
  • $727Long-term assets (5+ years)
  • $137,555Average Assets, year-to-date
  • $11,683Average Assets, quarterly
  • $153,933Volatile liabilities
  • $154,977Insider loans
  • $115,436FHLB advances
  • $154,956Loans and leases held for sale
  • $3,841Unused loan commitments
  • $3,841Tier 1 (core) risk-based capital
  • $22,425Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $13,003Restructured Loans and leases
  • $638Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $7,856Total interest income
  • $1,630Total interest expense
  • $6,226Net interest income
  • $580Provision for loan and lease losses
  • $690Total noninterest income
  • $0Fiduciary activities
  • $225Service charges on deposit accounts
  • $0Trading account gains & fees
  • $465Additional noninterest income
  • $4,380Total noninterest expense
  • $2,599Salaries and employee benefits
  • $848Premises and equipment expense
  • $933Additional noninterest expense
  • $1,956Pre-tax net operating income
  • $0Securities gains (losses)
  • $6Applicable income taxes
  • $1,950Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,950Net income attributable to bank
  • $0Net charge-offs
  • $1,950Cash dividends
  • -$42Sale, conversion, retirement of capital stock, net
  • $1,670Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.67%Yield on earning assets
  • 1.18%Cost of funding earning assets
  • 4.49%Net interest margin
  • 0.50%Noninterest income to earning assets
  • 3.16%Noninterest expense to earning assets
  • 1.27%Net operating income to assets
  • 1.27%Return on assets (ROA)
  • 1.27%Pretax return on assets
  • 8.52%Return on equity (ROE)
  • 1.22%Retained earnings to average equity (YTD only)
  • -0.04%Net charge-offs to loans
  • -1380.95%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 63,331Assets per employee
  • 4.19%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 85.64%Loss allowance to loans
  • 2.11%Loss allowance to noncurrent loans
  • 1026.25%Noncurrent assets plus other real estate owned to assets
  • 1.43%Noncurrent loans to loans
  • 0.21%Net loans and leases to deposits
  • 87.72%Net loans and leases to core deposits
  • 97.71%Equity capital to assets
  • 14.68%Core capital (leverage) ratio
  • 14.47%Tier 1 risk-based capital ratio
  • 19.43%Total risk-based capital ratio
  • Memoranda
  • $21Average assets
  • $153,933Average earning assets
  • $22,890Average equity
  • $138,559Average 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
  • $385Managed Assets
  • 1Number of Accounts
  • $3Personal trust and agency accounts
  • $3Employee 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
  • 89Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $382Other retirement accounts
  • $382Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 7 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    01019Central State Bank102 North Main Street, Elkader, IA 52043November 12, 1931Full Service Brick and Mortar
    2189806Volga BranchS Main Street, Volga, IA 52077September 15, 1966Full Service Brick and Mortar
    3175Mcgregor BranchMain Street, Mc Gregor, IA 52157May 15, 1933Full Service Brick and Mortar
    4181370Marquette BranchMain Street, Marquette, IA 52158May 15, 1933Full Service Brick and Mortar
    5189807Elkader Branch200 North Main, Elkader, IA 52043April 13, 1990Limited Service Facility
    6445317Coralville Branch2530 Corridor Way, Coralville, IA 52241Febuary 22, 2006Full Service Brick and Mortar
    7478294Iowa City Branch202 N. Linn St., Iowa City, IA 52245October 30, 2007Full Service Brick and Mortar

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