Danville State Savings Bank in New London, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Danville State Savings Bank - Overview

  • General
  • FDIC Certificate #: 14772
    Status: Active
    Federal Reserve ID: 223845
    Bank Holding Company (Regulatory Top Holder): Danville Bancshares, Inc. (RSSDID: 1250464, Location: Danville, IA)
    Date Established: January 01, 1899
    WWW: http://www.danvillebank.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 9239
    Numeric code: 21
    Regulator: FDIC
    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: Other Specialized Lending < 1 Billion
    Date of Deposit Insurance: October 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: 102 South Walnut, New London, IA 52645
    County: Henry
    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
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $110.6 mil
    Equity capital: $13.5 mil
    Deposits held in domestic offices: $96.8 mil
    Return on assets (ROA): 1.49% ($1.7 mil)
    Quarterly return on assets: 1.28% ($1.4 mil)
    Return on Equity (ROE): 12.62% ($1.8 mil)
    Quarterly return on equity: 10.83% ($1.5 mil)
    Net income: $1.6 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 1.57% ($1,736.4 mil)
    Quarterly Pretax return on assets: 1.36% ($1,504.1 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
  • 26Total employees (full-time equivalent)
  • $110,597Total assets
  • $3,674Cash and due from depository institutions
  • $2,522Interest-bearing balances
  • $65,602Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $38,234Net loans & leases
  • $584Loan loss allowance
  • $0Trading account assets
  • $680Bank premises and fixed assets
  • $184Other real estate owned
  • $246Goodwill and other intangibles
  • $110,597Life insurance assets
  • $1,977All other assets
  • $97,080Total liabilities and capital
  • $96,837Total liabilities
  • $83,278Total deposits
  • $96,837Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $243Subordinated debt
  • $13,517All other liabilities
  • $13,517Total equity capital
  • $13,517Total bank equity capital
  • $0Perpetual preferred stock
  • $300Common stock
  • $1,000Surplus
  • $12,217Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,474Income earned, not collected on loans
  • $0Earning assets
  • $937Long-term assets (5+ years)
  • $106,358Average Assets, year-to-date
  • $71,092Average Assets, quarterly
  • $109,277Volatile liabilities
  • $112,955Insider loans
  • $51,585FHLB advances
  • $113,593Loans and leases held for sale
  • $159Unused loan commitments
  • $159Tier 1 (core) risk-based capital
  • $13,062Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,754Restructured Loans and leases
  • $227Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,450Total interest income
  • $1,329Total interest expense
  • $3,121Net interest income
  • $135Provision for loan and lease losses
  • $993Total noninterest income
  • $27Fiduciary activities
  • $137Service charges on deposit accounts
  • $0Trading account gains & fees
  • $829Additional noninterest income
  • $2,265Total noninterest expense
  • $1,416Salaries and employee benefits
  • $195Premises and equipment expense
  • $654Additional noninterest expense
  • $1,714Pre-tax net operating income
  • $1Securities gains (losses)
  • $86Applicable income taxes
  • $1,629Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,629Net income attributable to bank
  • $0Net charge-offs
  • $1,629Cash dividends
  • $72Sale, conversion, retirement of capital stock, net
  • $1,000Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.24%Yield on earning assets
  • 1.27%Cost of funding earning assets
  • 2.97%Net interest margin
  • 0.95%Noninterest income to earning assets
  • 2.16%Noninterest expense to earning assets
  • 1.49%Net operating income to assets
  • 1.49%Return on assets (ROA)
  • 1.57%Pretax return on assets
  • 12.62%Return on equity (ROE)
  • 4.87%Retained earnings to average equity (YTD only)
  • 0.18%Net charge-offs to loans
  • 187.50%Credit loss provision to net charge-offs
  • 25.68%Efficiency ratio
  • 54,035Assets per employee
  • 4.25%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 61.39%Loss allowance to loans
  • 1.50%Loss allowance to noncurrent loans
  • 39.62%Noncurrent assets plus other real estate owned to assets
  • 1.50%Noncurrent loans to loans
  • 3.80%Net loans and leases to deposits
  • 39.48%Net loans and leases to core deposits
  • 41.17%Equity capital to assets
  • 12.22%Core capital (leverage) ratio
  • 11.50%Tier 1 risk-based capital ratio
  • 25.32%Total risk-based capital ratio
  • Memoranda
  • $26Average assets
  • $109,277Average earning assets
  • $12,909Average equity
  • $104,928Average 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
  • $7,465Managed Assets
  • 1Number of Accounts
  • $7,465Personal trust and agency accounts
  • $7,465Employee 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
  • 12Number 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

  • 2 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    09239Danville State Savings Bank102 South Walnut, New London, IA 52645January 01, 1899Full Service Brick and Mortar
    1232085Danville Branch109 North Main Street, Danville, IA 52623September 25, 1996Full Service Brick and Mortar

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