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

  • Community State Bank in Spencer, Iowa (IA)
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Community State Bank - Overview

  • General
  • FDIC Certificate #: 230
    Status: Active
    Federal Reserve ID: 849348
    Bank Holding Company (Regulatory Top Holder): Community State Bancorporation (RSSDID: 1131424, Location: Spencer, IA)
    Date Established: January 01, 1914
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    OTS Docket #: 16077
    FDIC's unique #: 183
    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: Yes
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: January 01, 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: 1812 Highway Boulevard, Spencer, IA 51301
    County: Clay
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Sioux City
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Core Based Statistical Area (CBSA): Spencer, IA (#43980)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $138.0 mil
    Equity capital: $12.6 mil
    Deposits held in domestic offices: $116.5 mil
    Return on assets (ROA): 1.48% ($2.0 mil)
    Quarterly return on assets: 1.27% ($1.8 mil)
    Return on Equity (ROE): 16.80% ($2.2 mil)
    Quarterly return on equity: 13.50% ($1.8 mil)
    Net income: $1.9 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 1.56% ($2,153.5 mil)
    Quarterly Pretax return on assets: 1.34% ($1,849.8 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
  • 31Total employees (full-time equivalent)
  • $138,047Total assets
  • $9,623Cash and due from depository institutions
  • $4,735Interest-bearing balances
  • $50,392Securities
  • $2,232Federal funds sold & reverse repurchase agreements
  • $72,384Net loans & leases
  • $983Loan loss allowance
  • $0Trading account assets
  • $1,162Bank premises and fixed assets
  • $58Other real estate owned
  • $520Goodwill and other intangibles
  • $138,047Life insurance assets
  • $1,676All other assets
  • $125,420Total liabilities and capital
  • $116,492Total liabilities
  • $93,461Total deposits
  • $116,492Interest-bearing deposits
  • $79Deposits held in domestic offices
  • 6690.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $1,300Trading liabilities
  • $0Other borrowed funds
  • $938Subordinated debt
  • $12,627All other liabilities
  • $12,627Total equity capital
  • $12,627Total bank equity capital
  • $0Perpetual preferred stock
  • $60Common stock
  • $3,680Surplus
  • $8,887Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $86Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $777Income earned, not collected on loans
  • $0Earning assets
  • $985Long-term assets (5+ years)
  • $129,743Average Assets, year-to-date
  • $34,604Average Assets, quarterly
  • $128,805Volatile liabilities
  • $133,309Insider loans
  • $83,314FHLB advances
  • $134,510Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $10,638Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $30,485Restructured Loans and leases
  • $9,595Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,282Total interest income
  • $1,274Total interest expense
  • $4,008Net interest income
  • $42Provision for loan and lease losses
  • $1,554Total noninterest income
  • $12Fiduciary activities
  • $304Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,238Additional noninterest income
  • $3,601Total noninterest expense
  • $2,118Salaries and employee benefits
  • $374Premises and equipment expense
  • $1,109Additional noninterest expense
  • $1,919Pre-tax net operating income
  • $93Securities gains (losses)
  • $101Applicable income taxes
  • $1,911Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,911Net income attributable to bank
  • $0Net charge-offs
  • $1,911Cash dividends
  • $210Sale, conversion, retirement of capital stock, net
  • $967Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.30%Yield on earning assets
  • 1.04%Cost of funding earning assets
  • 3.26%Net interest margin
  • 1.27%Noninterest income to earning assets
  • 2.93%Noninterest expense to earning assets
  • 1.42%Net operating income to assets
  • 1.48%Return on assets (ROA)
  • 1.56%Pretax return on assets
  • 16.80%Return on equity (ROE)
  • 8.30%Retained earnings to average equity (YTD only)
  • 0.31%Net charge-offs to loans
  • 20.00%Credit loss provision to net charge-offs
  • 9.34%Efficiency ratio
  • 63,610Assets per employee
  • 4.45%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 50.60%Loss allowance to loans
  • 1.34%Loss allowance to noncurrent loans
  • 126.51%Noncurrent assets plus other real estate owned to assets
  • 0.60%Noncurrent loans to loans
  • 1.06%Net loans and leases to deposits
  • 62.14%Net loans and leases to core deposits
  • 69.77%Equity capital to assets
  • 9.15%Core capital (leverage) ratio
  • 7.91%Tier 1 risk-based capital ratio
  • 12.77%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $128,805Average earning assets
  • $11,375Average equity
  • $122,760Average 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
  • $1,661Managed Assets
  • 1Number of Accounts
  • $1,424Personal trust and agency accounts
  • $1,424Employee 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
  • 46Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $237Other retirement accounts
  • $237Corporate 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
    0183Community State Bank1812 Highway Boulevard, Spencer, IA 51301January 01, 1914Full Service Brick and Mortar
    110731Webb Branch115 Main Street, Webb, IA 51366January 01, 1900Full Service Brick and Mortar
    2181379Albert City Branch208 Main Street, Albert City, IA 50510November 24, 1997Full Service Brick and Mortar
    312067Marathon Branch118 Agora Street, Marathon, IA 50565October 08, 1917Full Service Brick and Mortar

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