Clear Lake Bank and Trust Company in Clear Lake, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Clear Lake Bank and Trust Company - Overview

  • General
  • FDIC Certificate #: 15690
    Status: Active
    Federal Reserve ID: 865544
    Bank Holding Company (Regulatory Top Holder): Arneson Bancshares, Inc. (RSSDID: 1840221, Location: Clear Lake, IA)
    Date Established: January 01, 1934
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 4 (Domestic: 4, Interstate: No)
    OTS Docket #: 15922
    FDIC's unique #: 9959
    Numeric code: 13
    Regulator: FED
    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: November 10, 1939
    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: 322 Main, Clear Lake, IA 50428
    County: Cerro Gordo
    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
    Core Based Statistical Area (CBSA): Mason City, IA (#32380)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $245.8 mil
    Equity capital: $21.9 mil
    Deposits held in domestic offices: $217.6 mil
    Return on assets (ROA): 1.84% ($4.5 mil)
    Quarterly return on assets: 1.69% ($4.2 mil)
    Return on Equity (ROE): 21.03% ($4.6 mil)
    Quarterly return on equity: 19.17% ($4.2 mil)
    Net income: $4.5 mil
    Quarterly Net income: $1.0 mil
    Pretax return on assets: 1.93% ($4,744.8 mil)
    Quarterly Pretax return on assets: 1.78% ($4,376.0 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)
  • $245,845Total assets
  • $17,460Cash and due from depository institutions
  • $11,628Interest-bearing balances
  • $21,119Securities
  • $500Federal funds sold & reverse repurchase agreements
  • $193,913Net loans & leases
  • $2,794Loan loss allowance
  • $0Trading account assets
  • $5,134Bank premises and fixed assets
  • $80Other real estate owned
  • $578Goodwill and other intangibles
  • $245,845Life insurance assets
  • $7,061All other assets
  • $223,985Total liabilities and capital
  • $217,550Total liabilities
  • $181,328Total deposits
  • $217,550Interest-bearing deposits
  • $87Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $5,600Trading liabilities
  • $0Other borrowed funds
  • $835Subordinated debt
  • $21,860All other liabilities
  • $21,860Total equity capital
  • $21,860Total bank equity capital
  • $0Perpetual preferred stock
  • $400Common stock
  • $4,288Surplus
  • $17,172Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $647Income earned, not collected on loans
  • $0Earning assets
  • $1,063Long-term assets (5+ years)
  • $227,160Average Assets, year-to-date
  • $22,719Average Assets, quarterly
  • $242,908Volatile liabilities
  • $247,709Insider loans
  • $197,758FHLB advances
  • $254,018Loans and leases held for sale
  • $3,827Unused loan commitments
  • $1,836Tier 1 (core) risk-based capital
  • $20,507Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $1,991Total unused commitments
  • $31,189Restructured Loans and leases
  • $3,465Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $11,838Total interest income
  • $2,101Total interest expense
  • $9,737Net interest income
  • $405Provision for loan and lease losses
  • $2,213Total noninterest income
  • $249Fiduciary activities
  • $781Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,183Additional noninterest income
  • $6,858Total noninterest expense
  • $4,371Salaries and employee benefits
  • $1,058Premises and equipment expense
  • $1,429Additional noninterest expense
  • $4,687Pre-tax net operating income
  • $0Securities gains (losses)
  • $216Applicable income taxes
  • $4,471Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,471Net income attributable to bank
  • $0Net charge-offs
  • $4,471Cash dividends
  • $79Sale, conversion, retirement of capital stock, net
  • $3,214Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.27%Yield on earning assets
  • 0.93%Cost of funding earning assets
  • 4.33%Net interest margin
  • 0.98%Noninterest income to earning assets
  • 3.05%Noninterest expense to earning assets
  • 1.84%Net operating income to assets
  • 1.84%Return on assets (ROA)
  • 1.93%Pretax return on assets
  • 21.03%Return on equity (ROE)
  • 5.91%Retained earnings to average equity (YTD only)
  • 0.04%Net charge-offs to loans
  • 512.66%Credit loss provision to net charge-offs
  • 64.46%Efficiency ratio
  • 57,389Assets per employee
  • 4.10%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 71.89%Loss allowance to loans
  • 1.42%Loss allowance to noncurrent loans
  • 431.84%Noncurrent assets plus other real estate owned to assets
  • 0.30%Noncurrent loans to loans
  • 0.33%Net loans and leases to deposits
  • 89.13%Net loans and leases to core deposits
  • 95.32%Equity capital to assets
  • 8.89%Core capital (leverage) ratio
  • 8.07%Tier 1 risk-based capital ratio
  • 10.37%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $242,908Average earning assets
  • $21,256Average equity
  • $224,733Average 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
  • $54,859Managed Assets
  • 1Number of Accounts
  • $29,082Personal trust and agency accounts
  • $27,107Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $1,975Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 114Number of Accounts
  • $0Personal trust and agency accounts
  • $1,975Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $25,777Other retirement accounts
  • $3,232Corporate trust and agency accounts
  • $22,545Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 4 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    09959Clear Lake Bank And Trust Company322 Main, Clear Lake, IA 50428January 01, 1934Full Service Brick and Mortar
    1234968Drive-Up Facility21 North 4th Street, Clear Lake, IA 50428September 16, 1976Limited Service Facility
    2275700Garner Branch325 State Street, Garner, IA 50438December 01, 1935Full Service Brick and Mortar
    4477889Mason City Branch425 Tiffany Drive, Mason City, IA 50401July 01, 2007Full Service Brick and Mortar

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