City State Bank in Norwalk, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • City State Bank in Norwalk, Iowa (IA)
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City State Bank - Overview

  • General
  • FDIC Certificate #: 14410
    Status: Active
    Federal Reserve ID: 252041
    Bank Holding Company (Regulatory Top Holder): Albrecht Financial Services, Inc. (RSSDID: 2022725, Location: Norwalk, IA)
    Date Established: January 01, 1895
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 8 (Domestic: 8, Interstate: No)
    OTS Docket #: 14304
    FDIC's unique #: 9002
    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: May 25, 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: 801 Main Street, Norwalk, IA 50211
    County: Warren
    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
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $236.0 mil
    Equity capital: $22.2 mil
    Deposits held in domestic offices: $196.7 mil
    Return on assets (ROA): 1.05% ($2.5 mil)
    Quarterly return on assets: 0.55% ($1.3 mil)
    Return on Equity (ROE): 11.63% ($2.6 mil)
    Quarterly return on equity: 5.84% ($1.3 mil)
    Net income: $2.5 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 1.11% ($2,619.9 mil)
    Quarterly Pretax return on assets: 0.58% ($1,369.0 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
  • 60Total employees (full-time equivalent)
  • $236,027Total assets
  • $9,323Cash and due from depository institutions
  • $7,703Interest-bearing balances
  • $81,086Securities
  • $1,331Federal funds sold & reverse repurchase agreements
  • $136,908Net loans & leases
  • $1,407Loan loss allowance
  • $0Trading account assets
  • $3,331Bank premises and fixed assets
  • $430Other real estate owned
  • $842Goodwill and other intangibles
  • $236,027Life insurance assets
  • $2,776All other assets
  • $213,842Total liabilities and capital
  • $196,719Total liabilities
  • $134,459Total deposits
  • $196,719Interest-bearing deposits
  • $85Deposits held in domestic offices
  • 11325.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $5,109Trading liabilities
  • $0Other borrowed funds
  • $689Subordinated debt
  • $22,185All other liabilities
  • $22,185Total equity capital
  • $22,185Total bank equity capital
  • $0Perpetual preferred stock
  • $554Common stock
  • $4,636Surplus
  • $16,995Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $929Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,420Income earned, not collected on loans
  • $0Earning assets
  • $1,353Long-term assets (5+ years)
  • $227,028Average Assets, year-to-date
  • $32,559Average Assets, quarterly
  • $232,952Volatile liabilities
  • $234,638Insider loans
  • $150,433FHLB advances
  • $237,231Loans and leases held for sale
  • $128Unused loan commitments
  • $128Tier 1 (core) risk-based capital
  • $19,825Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $20,348Restructured Loans and leases
  • $178Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $9,333Total interest income
  • $1,986Total interest expense
  • $7,347Net interest income
  • $450Provision for loan and lease losses
  • $2,516Total noninterest income
  • $836Fiduciary activities
  • $467Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,213Additional noninterest income
  • $6,928Total noninterest expense
  • $4,201Salaries and employee benefits
  • $639Premises and equipment expense
  • $2,088Additional noninterest expense
  • $2,485Pre-tax net operating income
  • $99Securities gains (losses)
  • $134Applicable income taxes
  • $2,450Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,450Net income attributable to bank
  • $0Net charge-offs
  • $2,450Cash dividends
  • $375Sale, conversion, retirement of capital stock, net
  • $800Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.17%Yield on earning assets
  • 0.89%Cost of funding earning assets
  • 3.28%Net interest margin
  • 1.12%Noninterest income to earning assets
  • 3.09%Noninterest expense to earning assets
  • 1.01%Net operating income to assets
  • 1.05%Return on assets (ROA)
  • 1.11%Pretax return on assets
  • 11.63%Return on equity (ROE)
  • 7.83%Retained earnings to average equity (YTD only)
  • 0.27%Net charge-offs to loans
  • 120.00%Credit loss provision to net charge-offs
  • 7.83%Efficiency ratio
  • 69,806Assets per employee
  • 3.93%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 32.65%Loss allowance to loans
  • 1.02%Loss allowance to noncurrent loans
  • 99.08%Noncurrent assets plus other real estate owned to assets
  • 0.78%Noncurrent loans to loans
  • 1.03%Net loans and leases to deposits
  • 69.60%Net loans and leases to core deposits
  • 78.07%Equity capital to assets
  • 9.40%Core capital (leverage) ratio
  • 8.36%Tier 1 risk-based capital ratio
  • 13.18%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $232,952Average earning assets
  • $21,066Average equity
  • $223,943Average 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
  • $128,375Managed Assets
  • 1Number of Accounts
  • $104,172Personal trust and agency accounts
  • $3,200Employee benefit-defined contribution accounts
  • $4,556Employee benefit-defined benefit accounts
  • $718Other retirement accounts
  • $40,746Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $54,952Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 1047Number of Accounts
  • $0Personal trust and agency accounts
  • $40,746Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $24,203Other retirement accounts
  • $0Corporate trust and agency accounts
  • $23,206Other fiduciary accounts
  • $963Fiduciary accounts held in foreign offices

List of branches

  • 8 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    09002City State Bank801 Main Street, Norwalk, IA 50211January 01, 1895Full Service Brick and Mortar
    1231425New Virginia Branch501 West Street, New Virginia, IA 50210September 01, 1938Full Service Brick and Mortar
    29067Grimes Branch100 North Jacob, Grimes, IA 50111May 25, 1934Full Service Brick and Mortar
    3231592Madrid Branch105 East 2nd, Madrid, IA 50156September 16, 1993Full Service Brick and Mortar
    5461704City State Bank - Indianola Branch1510 North 1st Street, Indianola, IA 50125March 14, 2007Full Service Brick and Mortar
    6479634Trust & Investments Office Branch1104 Sunset Drive, Suite B, Norwalk, IA 50211October 01, 2007Limited Service Trust
    7510145City State Bank - Martensdale Office368 N Hwy 28, Martensdale, IA 50160June 14, 2010Full Service Brick and Mortar
    8527465Kennybrook Village Branch200 Sw Brookside Drive, Grimes, IA 50111November 30, 2011

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