Clear Lake Bank and Trust Company in Clear Lake, Iowa (IA)

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Clear Lake Bank and Trust Company
GeneralFDIC 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
LocationAddress: 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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)60
Total assets$245,845
Cash and due from depository institutions$17,460
Interest-bearing balances$11,628
Federal funds sold & reverse repurchase agreements$500
Net loans & leases$193,913
Loan loss allowance $2,794
Trading account assets$0
Bank premises and fixed assets$5,134
Other real estate owned$80
Goodwill and other intangibles$578
All other assets$7,061
Life insurance assets$245,845
Total liabilities and capital$223,985
Total liabilities$217,550
Total deposits$181,328
Interest-bearing deposits$217,550
Deposits held in domestic offices$87
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$5,600
Other borrowed funds $0
Subordinated debt $835
All other liabilities $21,860
Total equity capital$21,860
Total bank equity capital$21,860
Perpetual preferred stock$0
Common stock$400
Undivided profits $17,172
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 $647
Earning assets $0
Long-term assets (5+ years) $1,063
Average Assets, year-to-date $227,160
Average Assets, quarterly $22,719
Volatile liabilities $242,908
Insider loans $247,709
FHLB advances $197,758
Loans and leases held for sale $254,018
Unused loan commitments $3,827
Tier 1 (core) risk-based capital $1,836
Tier 2 risk-based capital $20,507
Total risk weighted assets $0
Total unused commitments $1,991
Restructured Loans and leases $31,189
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $11,838
Total interest expense $2,101
Net interest income $9,737
Provision for loan and lease losses $405
Total noninterest income $2,213
Fiduciary activities $249
Service charges on deposit accounts $781
Trading account gains & fees $0
Additional noninterest income $1,183
Total noninterest expense $6,858
Salaries and employee benefits $4,371
Premises and equipment expense $1,058
Additional noninterest expense $1,429
Pre-tax net operating income $4,687
Securities gains (losses) $0
Applicable income taxes $216
Income before extraordinary items $4,471
Extraordinary gains - net $0
Net income attributable to bank $4,471
Net charge-offs $0
Cash dividends $4,471
Sale, conversion, retirement of capital stock, net $79
Net operating income $3,214
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.27%
Cost of funding earning assets 0.93%
Net interest margin 4.33%
Noninterest income to earning assets 0.98%
Noninterest expense to earning assets 3.05%
Net operating income to assets 1.84%
Return on assets (ROA) 1.84%
Pretax return on assets 1.93%
Return on equity (ROE) 21.03%
Retained earnings to average equity (YTD only) 5.91%
Net charge-offs to loans 0.04%
Credit loss provision to net charge-offs 512.66%
Efficiency ratio64.46%
Assets per employee$57,389
Cash dividends to net income (YTD only)4.10%
Condition Ratios (%)
Loss allowance to loans 71.89%
Loss allowance to noncurrent loans 1.42%
Noncurrent assets plus other real estate owned to assets 431.84%
Noncurrent loans to loans 0.30%
Net loans and leases to deposits0.33%
Net loans and leases to core deposits 89.13%
Equity capital to assets 95.32%
Core capital (leverage) ratio 8.89%
Tier 1 risk-based capital ratio 8.07%
Total risk-based capital ratio 10.37%
Average assets$12
Average earning assets$242,908
Average equity $21,256
Average loans $224,733
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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$54,859
Number of Accounts1
Personal trust and agency accounts$29,082
Employee benefit-defined contribution accounts$27,107
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$1,975
Investment management agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts114
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$1,975
Employee benefit-defined benefit accounts$0
Other retirement accounts$25,777
Corporate trust and agency accounts$3,232
Other fiduciary accounts$22,545
Fiduciary accounts held in foreign offices$0
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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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