Community State Bank in Tipton, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Community State Bank - Overview

  • General
  • FDIC Certificate #: 10114
    Status: Active
    Federal Reserve ID: 772240
    Bank Holding Company (Regulatory Top Holder): Fidelity Company (RSSDID: 1203778, Location: Dubuque, IA)
    Date Established: January 01, 1894
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    OTS Docket #: 10822
    FDIC's unique #: 6468
    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 01, 1934
    Last Structure Change Effective Date: December 03, 2007
    Last Structure Change Process Date: March 18, 2008
    Last Data Update: March 18, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 509 Lynn St, Tipton, IA 52772
    County: Cedar
    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
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $96.8 mil
    Equity capital: $8.7 mil
    Deposits held in domestic offices: $85.6 mil
    Return on assets (ROA): 1.18% ($1.1 mil)
    Quarterly return on assets: 1.30% ($1.3 mil)
    Return on Equity (ROE): 13.93% ($1.3 mil)
    Quarterly return on equity: 14.81% ($1.3 mil)
    Net income: $1.2 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 1.78% ($1,723.4 mil)
    Quarterly Pretax return on assets: 1.65% ($1,597.5 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
  • 23Total employees (full-time equivalent)
  • $96,821Total assets
  • $23,737Cash and due from depository institutions
  • $19,401Interest-bearing balances
  • $15,478Securities
  • $198Federal funds sold & reverse repurchase agreements
  • $54,025Net loans & leases
  • $717Loan loss allowance
  • $0Trading account assets
  • $1,355Bank premises and fixed assets
  • $538Other real estate owned
  • $105Goodwill and other intangibles
  • $96,821Life insurance assets
  • $1,385All other assets
  • $88,155Total liabilities and capital
  • $85,551Total liabilities
  • $66,852Total deposits
  • $85,551Interest-bearing deposits
  • $86Deposits held in domestic offices
  • 498.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $1,716Trading liabilities
  • $0Other borrowed funds
  • $390Subordinated debt
  • $8,666All other liabilities
  • $8,666Total equity capital
  • $8,666Total bank equity capital
  • $0Perpetual preferred stock
  • $750Common stock
  • $2,550Surplus
  • $5,366Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $225Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $615Long-term assets (5+ years)
  • $89,102Average Assets, year-to-date
  • $4,866Average Assets, quarterly
  • $97,869Volatile liabilities
  • $96,561Insider loans
  • $58,638FHLB advances
  • $96,174Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $8,520Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $16,017Restructured Loans and leases
  • $394Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,857Total interest income
  • $633Total interest expense
  • $3,224Net interest income
  • -$80Provision for loan and lease losses
  • $1,463Total noninterest income
  • $53Fiduciary activities
  • $515Service charges on deposit accounts
  • $0Trading account gains & fees
  • $895Additional noninterest income
  • $3,021Total noninterest expense
  • $1,703Salaries and employee benefits
  • $323Premises and equipment expense
  • $995Additional noninterest expense
  • $1,746Pre-tax net operating income
  • $0Securities gains (losses)
  • $595Applicable income taxes
  • $1,151Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,151Net income attributable to bank
  • $0Net charge-offs
  • $1,151Cash dividends
  • $5Sale, conversion, retirement of capital stock, net
  • $1,000Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.32%Yield on earning assets
  • 0.71%Cost of funding earning assets
  • 3.61%Net interest margin
  • 1.64%Noninterest income to earning assets
  • 3.38%Noninterest expense to earning assets
  • 1.18%Net operating income to assets
  • 1.18%Return on assets (ROA)
  • 1.78%Pretax return on assets
  • 13.93%Return on equity (ROE)
  • 1.83%Retained earnings to average equity (YTD only)
  • 0.01%Net charge-offs to loans
  • -1600.00%Credit loss provision to net charge-offs
  • 333.20%Efficiency ratio
  • 63,793Assets per employee
  • 4.21%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 86.88%Loss allowance to loans
  • 1.31%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.56%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 63.15%Net loans and leases to core deposits
  • 63.15%Equity capital to assets
  • 8.95%Core capital (leverage) ratio
  • 8.86%Tier 1 risk-based capital ratio
  • 14.53%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $97,869Average earning assets
  • $8,260Average equity
  • $89,271Average 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
  • $6,315Managed Assets
  • 1Number of Accounts
  • $6,315Personal trust and agency accounts
  • $6,315Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 28Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 4 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    06468Community State Bank509 Lynn St, Tipton, IA 52772January 01, 1894Full Service Brick and Mortar
    17900Stanwood Branch216 East Broadway, Stanwood, IA 52337January 01, 1892Full Service Brick and Mortar
    3221888Clarence Branch309 Lombard Street, Clarence, IA 52216August 05, 1991Full Service Brick and Mortar
    6473441West Branch Office801 W. Main Street, West Branch, IA 52358December 03, 2007Full Service Brick and Mortar

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