Chelsea Savings Bank in Belle Plaine, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Chelsea Savings Bank in Belle Plaine, Iowa (IA)
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Chelsea Savings Bank - Overview

  • General
  • FDIC Certificate #: 15427
    Status: Active
    Federal Reserve ID: 771748
    Bank Holding Company (Regulatory Top Holder): Chebelle Corporation (RSSDID: 1206779, Location: Belle Plaine, IA)
    Date Established: October 19, 1936
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Domestic: 5, Interstate: No)
    OTS Docket #: 12824
    FDIC's unique #: 9743
    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: October 19, 1936
    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: 601 13th St, Belle Plaine, IA 52208
    County: Benton
    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
    Core Based Statistical Area (CBSA): Cedar Rapids, IA (#16300)
    CBSA Metro Statistical Area: Cedar Rapids, IA (#16300)
  • History of Changes
  • Change in Location
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $111.7 mil
    Equity capital: $17.8 mil
    Deposits held in domestic offices: $91.2 mil
    Return on assets (ROA): 2.07% ($2.3 mil)
    Quarterly return on assets: 2.18% ($2.4 mil)
    Return on Equity (ROE): 13.20% ($2.4 mil)
    Quarterly return on equity: 13.48% ($2.4 mil)
    Net income: $2.1 mil
    Quarterly Net income: $0.6 mil
    Pretax return on assets: 2.21% ($2,468.7 mil)
    Quarterly Pretax return on assets: 2.25% ($2,513.4 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
  • 25Total employees (full-time equivalent)
  • $111,707Total assets
  • $2,213Cash and due from depository institutions
  • $500Interest-bearing balances
  • $57,164Securities
  • $8,032Federal funds sold & reverse repurchase agreements
  • $41,020Net loans & leases
  • $297Loan loss allowance
  • $0Trading account assets
  • $959Bank premises and fixed assets
  • $792Other real estate owned
  • $0Goodwill and other intangibles
  • $111,707Life insurance assets
  • $1,527All other assets
  • $93,926Total liabilities and capital
  • $91,219Total liabilities
  • $75,600Total deposits
  • $91,219Interest-bearing deposits
  • $83Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $2,413Trading liabilities
  • $0Other borrowed funds
  • $294Subordinated debt
  • $17,781All other liabilities
  • $17,781Total equity capital
  • $17,781Total bank equity capital
  • $0Perpetual preferred stock
  • $200Common stock
  • $1,300Surplus
  • $16,281Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,039Income earned, not collected on loans
  • $0Earning assets
  • $876Long-term assets (5+ years)
  • $106,716Average Assets, year-to-date
  • $56,428Average Assets, quarterly
  • $103,324Volatile liabilities
  • $109,517Insider loans
  • $52,367FHLB advances
  • $107,937Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $16,332Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,193Restructured Loans and leases
  • $163Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,443Total interest income
  • $1,007Total interest expense
  • $3,436Net interest income
  • $55Provision for loan and lease losses
  • $415Total noninterest income
  • $0Fiduciary activities
  • $307Service charges on deposit accounts
  • $0Trading account gains & fees
  • $108Additional noninterest income
  • $2,285Total noninterest expense
  • $1,450Salaries and employee benefits
  • $335Premises and equipment expense
  • $500Additional noninterest expense
  • $1,511Pre-tax net operating income
  • $768Securities gains (losses)
  • $139Applicable income taxes
  • $2,140Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,140Net income attributable to bank
  • $0Net charge-offs
  • $2,140Cash dividends
  • $89Sale, conversion, retirement of capital stock, net
  • $833Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.55%Yield on earning assets
  • 1.03%Cost of funding earning assets
  • 3.52%Net interest margin
  • 0.42%Noninterest income to earning assets
  • 2.34%Noninterest expense to earning assets
  • 1.37%Net operating income to assets
  • 2.07%Return on assets (ROA)
  • 2.21%Pretax return on assets
  • 13.20%Return on equity (ROE)
  • 8.06%Retained earnings to average equity (YTD only)
  • 0.22%Net charge-offs to loans
  • 61.80%Credit loss provision to net charge-offs
  • 17.60%Efficiency ratio
  • 59,335Assets per employee
  • 4.47%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 38.93%Loss allowance to loans
  • 0.72%Loss allowance to noncurrent loans
  • 9.77%Noncurrent assets plus other real estate owned to assets
  • 3.43%Noncurrent loans to loans
  • 7.36%Net loans and leases to deposits
  • 44.97%Net loans and leases to core deposits
  • 46.88%Equity capital to assets
  • 15.92%Core capital (leverage) ratio
  • 15.13%Tier 1 risk-based capital ratio
  • 31.19%Total risk-based capital ratio
  • Memoranda
  • $32Average assets
  • $103,324Average earning assets
  • $16,214Average equity
  • $97,712Average 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
  • $4,069Managed Assets
  • 1Number of Accounts
  • $2,005Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $2,005Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 55Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $2,064Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $2,064Fiduciary accounts held in foreign offices

List of branches

  • 5 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    09743Chelsea Savings Bank601 13th St, Belle Plaine, IA 52208October 19, 1936Full Service Brick and Mortar
    1233946Chelsea BranchMain Street, Chelsea, IA 52215May 09, 1977Full Service Brick and Mortar
    211826Van Horne Branch100 First Avenue, Van Horne, IA 52346January 01, 1908Full Service Brick and Mortar
    3233947Clutier Branch325 West Main Street, Clutier, IA 52217October 01, 1996Full Service Brick and Mortar
    4513635Chelsea Savings Bank - Traer100 North Main Street, Traer, IA 50675October 25, 2010Full Service Brick and Mortar

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