Charter Bank in Johnston, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Charter Bank in Johnston, Iowa (IA)
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Charter Bank - Overview

  • General
  • FDIC Certificate #: 34686
    Status: Active
    Federal Reserve ID: 2705112
    Date Established: June 15, 1998
    WWW: http://www.charterbanker.com
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 14723
    FDIC's unique #: 61198
    Numeric code: 37
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: June 15, 1998
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 5526 N.W. 86th Street, Johnston, IA 50131
    County: Polk
    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
    Metropolitan Statistical Area (MSA): Des Moines, IA (#2120)
    Combined Statistical Area (CSA): Des Moines-Newton-Pella, IA (#218)
    Core Based Statistical Area (CBSA): Des Moines-West Des Moines, IA (#19780)
    CBSA Metro Statistical Area: Des Moines-West Des Moines, IA (#19780)
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $125.6 mil
    Equity capital: $11.9 mil
    Deposits held in domestic offices: $113.0 mil
    Return on assets (ROA): 1.27% ($1.6 mil)
    Quarterly return on assets: 1.24% ($1.6 mil)
    Return on Equity (ROE): 14.00% ($1.7 mil)
    Quarterly return on equity: 13.03% ($1.6 mil)
    Net income: $1.5 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 1.69% ($2,123.2 mil)
    Quarterly Pretax return on assets: 1.67% ($2,098.1 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
  • 20Total employees (full-time equivalent)
  • $125,633Total assets
  • $3,154Cash and due from depository institutions
  • $0Interest-bearing balances
  • $45,675Securities
  • $12,166Federal funds sold & reverse repurchase agreements
  • $60,804Net loans & leases
  • $445Loan loss allowance
  • $0Trading account assets
  • $2,683Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $125,633Life insurance assets
  • $1,151All other assets
  • $113,753Total liabilities and capital
  • $112,998Total liabilities
  • $93,918Total deposits
  • $112,998Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $755Subordinated debt
  • $11,880All other liabilities
  • $11,880Total equity capital
  • $11,880Total bank equity capital
  • $0Perpetual preferred stock
  • $4,150Common stock
  • $150Surplus
  • $7,580Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $409Income earned, not collected on loans
  • $409Earning assets
  • $556Long-term assets (5+ years)
  • $118,645Average Assets, year-to-date
  • $31,531Average Assets, quarterly
  • $118,363Volatile liabilities
  • $122,778Insider loans
  • $71,660FHLB advances
  • $121,114Loans and leases held for sale
  • $119Unused loan commitments
  • $119Tier 1 (core) risk-based capital
  • $10,921Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $9,247Restructured Loans and leases
  • $841Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,370Total interest income
  • $1,179Total interest expense
  • $4,191Net interest income
  • -$60Provision for loan and lease losses
  • $400Total noninterest income
  • $0Fiduciary activities
  • $223Service charges on deposit accounts
  • $0Trading account gains & fees
  • $177Additional noninterest income
  • $2,648Total noninterest expense
  • $1,484Salaries and employee benefits
  • $335Premises and equipment expense
  • $829Additional noninterest expense
  • $2,003Pre-tax net operating income
  • $0Securities gains (losses)
  • $499Applicable income taxes
  • $1,504Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,504Net income attributable to bank
  • $0Net charge-offs
  • $1,504Cash dividends
  • $13Sale, conversion, retirement of capital stock, net
  • $50Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.78%Yield on earning assets
  • 1.05%Cost of funding earning assets
  • 3.73%Net interest margin
  • 0.36%Noninterest income to earning assets
  • 2.36%Noninterest expense to earning assets
  • 1.27%Net operating income to assets
  • 1.27%Return on assets (ROA)
  • 1.69%Pretax return on assets
  • 14.00%Return on equity (ROE)
  • 13.53%Retained earnings to average equity (YTD only)
  • 0.02%Net charge-offs to loans
  • -461.54%Credit loss provision to net charge-offs
  • 149.46%Efficiency ratio
  • 57,678Assets per employee
  • 6.28%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 3.32%Loss allowance to loans
  • 0.73%Loss allowance to noncurrent loans
  • 108.80%Noncurrent assets plus other real estate owned to assets
  • 0.33%Noncurrent loans to loans
  • 0.67%Net loans and leases to deposits
  • 53.81%Net loans and leases to core deposits
  • 54.11%Equity capital to assets
  • 9.46%Core capital (leverage) ratio
  • 9.02%Tier 1 risk-based capital ratio
  • 15.24%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $118,363Average earning assets
  • $10,743Average equity
  • $112,344Average loans

List of branches

  • 3 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    061198Charter Bank5526 N.W. 86th Street, Johnston, IA 50131June 15, 1998Full Service Brick and Mortar
    1436975Grimes Branch150 Gateway Drive, Grimes, IA 50111September 22, 2000Full Service Brick and Mortar
    2436976Waukee Branch455 6th Street, Waukee, IA 50263April 26, 2001Full Service Brick and Mortar

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