Chelsea Savings Bank in Belle Plaine, Iowa (IA)



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Chelsea Savings Bank routing number info

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Chelsea Savings Bank
GeneralFDIC 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
WWW: http://www.chelseasavingsbank.com
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
LocationAddress: 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 ChangesChange in Location
Merge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)25
Total assets$111,707
Cash and due from depository institutions$2,213
Interest-bearing balances$500
Securities$57,164
Federal funds sold & reverse repurchase agreements$8,032
Net loans & leases$41,020
Loan loss allowance $297
Trading account assets$0
Bank premises and fixed assets$959
Other real estate owned$792
Goodwill and other intangibles$0
All other assets$1,527
Life insurance assets$111,707
Total liabilities and capital$93,926
Total liabilities$91,219
Total deposits$75,600
Interest-bearing deposits$91,219
Deposits held in domestic offices$83
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$2,413
Other borrowed funds $0
Subordinated debt $294
All other liabilities $17,781
Total equity capital$17,781
Total bank equity capital$17,781
Perpetual preferred stock$0
Common stock$200
Surplus$1,300
Undivided profits $16,281
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $3,039
Earning assets $0
Long-term assets (5+ years) $876
Average Assets, year-to-date $106,716
Average Assets, quarterly $56,428
Volatile liabilities $103,324
Insider loans $109,517
FHLB advances $52,367
Loans and leases held for sale $107,937
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $16,332
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $2,193
Derivatives$163
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $4,443
Total interest expense $1,007
Net interest income $3,436
Provision for loan and lease losses $55
Total noninterest income $415
Fiduciary activities $0
Service charges on deposit accounts $307
Trading account gains & fees $0
Additional noninterest income $108
Total noninterest expense $2,285
Salaries and employee benefits $1,450
Premises and equipment expense $335
Additional noninterest expense $500
Pre-tax net operating income $1,511
Securities gains (losses) $768
Applicable income taxes $139
Income before extraordinary items $2,140
Extraordinary gains - net $0
Net income attributable to bank $2,140
Net charge-offs $0
Cash dividends $2,140
Sale, conversion, retirement of capital stock, net $89
Net operating income $833
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.55%
Cost of funding earning assets 1.03%
Net interest margin 3.52%
Noninterest income to earning assets 0.42%
Noninterest expense to earning assets 2.34%
Net operating income to assets 1.37%
Return on assets (ROA) 2.07%
Pretax return on assets 2.21%
Return on equity (ROE) 13.20%
Retained earnings to average equity (YTD only) 8.06%
Net charge-offs to loans 0.22%
Credit loss provision to net charge-offs 61.80%
Efficiency ratio17.60%
Assets per employee$59,335
Cash dividends to net income (YTD only)4.47%
Condition Ratios (%)
Loss allowance to loans 38.93%
Loss allowance to noncurrent loans 0.72%
Noncurrent assets plus other real estate owned to assets 9.77%
Noncurrent loans to loans 3.43%
Net loans and leases to deposits7.36%
Net loans and leases to core deposits 44.97%
Equity capital to assets 46.88%
Core capital (leverage) ratio 15.92%
Tier 1 risk-based capital ratio 15.13%
Total risk-based capital ratio 31.19%
Memoranda
Average assets$32
Average earning assets$103,324
Average equity $16,214
Average loans $97,712
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Total Fiduciary and Related Assets (December 31, 2011)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$4,069
Number of Accounts1
Personal trust and agency accounts$2,005
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$0
Investment management agency accounts$0
Other fiduciary accounts$2,005
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts55
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$2,064
Corporate trust and agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$2,064
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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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