Clarke County State Bank in Osceola, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches


Clarke County State Bank - Overview

  • General
  • FDIC Certificate #: 14980
    Status: Active
    Federal Reserve ID: 65241
    Bank Holding Company (Regulatory Top Holder): John T. Vucurevich Foundation (RSSDID: 3613504, Location: Rapid City, SD)
    Date Established: January 03, 1935
    WWW: http://www.clarkebank.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 14254
    FDIC's unique #: 9385
    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: No
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: January 11, 1935
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: January 12, 2007
    Last Data Update: January 12, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 139 S Main Street, Osceola, IA 50213
    County: Clarke
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Des Moines
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
  • History of Changes
  • Corrections
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $109.8 mil
    Equity capital: $12.0 mil
    Deposits held in domestic offices: $90.7 mil
    Return on assets (ROA): 0.08% ($0.1 mil)
    Quarterly return on assets: -0.32% (-$0.4 mil)
    Return on Equity (ROE): 0.78% ($0.1 mil)
    Quarterly return on equity: -2.91% (-$0.3 mil)
    Net income: $0.1 mil
    Quarterly Net income: -$0.1 mil
    Pretax return on assets: 0.01% ($11.0 mil)
    Quarterly Pretax return on assets: -0.65% (-$713.7 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
  • 29Total employees (full-time equivalent)
  • $109,804Total assets
  • $5,441Cash and due from depository institutions
  • $4,359Interest-bearing balances
  • $19,624Securities
  • $2,183Federal funds sold & reverse repurchase agreements
  • $73,246Net loans & leases
  • $2,613Loan loss allowance
  • $0Trading account assets
  • $1,901Bank premises and fixed assets
  • $2,023Other real estate owned
  • $0Goodwill and other intangibles
  • $109,804Life insurance assets
  • $5,386All other assets
  • $97,785Total liabilities and capital
  • $90,696Total liabilities
  • $86,177Total deposits
  • $90,696Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $6,500Trading liabilities
  • $0Other borrowed funds
  • $589Subordinated debt
  • $12,019All other liabilities
  • $12,019Total equity capital
  • $12,019Total bank equity capital
  • $5,700Perpetual preferred stock
  • $600Common stock
  • $1,900Surplus
  • $3,819Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,804Income earned, not collected on loans
  • $0Earning assets
  • $779Long-term assets (5+ years)
  • $99,412Average Assets, year-to-date
  • $3,109Average Assets, quarterly
  • $112,740Volatile liabilities
  • $110,931Insider loans
  • $74,622FHLB advances
  • $109,700Loans and leases held for sale
  • $2,280Unused loan commitments
  • $2,280Tier 1 (core) risk-based capital
  • $10,496Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $9,873Restructured Loans and leases
  • $146Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,811Total interest income
  • $1,240Total interest expense
  • $3,571Net interest income
  • $225Provision for loan and lease losses
  • $923Total noninterest income
  • $0Fiduciary activities
  • $226Service charges on deposit accounts
  • $0Trading account gains & fees
  • $697Additional noninterest income
  • $4,307Total noninterest expense
  • $1,568Salaries and employee benefits
  • $370Premises and equipment expense
  • $2,369Additional noninterest expense
  • -$38Pre-tax net operating income
  • $47Securities gains (losses)
  • -$85Applicable income taxes
  • $94Income before extraordinary items
  • $0Extraordinary gains - net
  • $94Net income attributable to bank
  • $0Net charge-offs
  • $94Cash dividends
  • $816Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.76%Yield on earning assets
  • 1.23%Cost of funding earning assets
  • 3.53%Net interest margin
  • 0.91%Noninterest income to earning assets
  • 4.26%Noninterest expense to earning assets
  • 0.04%Net operating income to assets
  • 0.08%Return on assets (ROA)
  • 0.01%Pretax return on assets
  • 0.78%Return on equity (ROE)
  • 0.78%Retained earnings to average equity (YTD only)
  • 1.05%Net charge-offs to loans
  • 27.57%Credit loss provision to net charge-offs
  • 0.23%Efficiency ratio
  • 95,839Assets per employee
  • 3.79%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.44%Loss allowance to noncurrent loans
  • 54.39%Noncurrent assets plus other real estate owned to assets
  • 6.22%Noncurrent loans to loans
  • 6.33%Net loans and leases to deposits
  • 80.76%Net loans and leases to core deposits
  • 84.16%Equity capital to assets
  • 10.95%Core capital (leverage) ratio
  • 9.57%Tier 1 risk-based capital ratio
  • 14.07%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $112,740Average earning assets
  • $12,049Average equity
  • $101,063Average loans

List of branches

  • 3 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    09385Clarke County State Bank139 S Main Street, Osceola, IA 50213January 03, 1935Full Service Brick and Mortar
    1232652Murray Branch415 Maple, Murray, IA 50174May 14, 1937Limited Service Facility
    2232653Osceola Branch1320 Jeffreys Drive, Osceola, IA 50213January 11, 1967Full Service Brick and Mortar

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