Danville State Savings Bank in New London, Iowa (IA)



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Danville State Savings Bank routing number info

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Danville State Savings Bank
GeneralFDIC 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
LocationAddress: 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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)26
Total assets$110,597
Cash and due from depository institutions$3,674
Interest-bearing balances$2,522
Securities$65,602
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$38,234
Loan loss allowance $584
Trading account assets$0
Bank premises and fixed assets$680
Other real estate owned$184
Goodwill and other intangibles$246
All other assets$1,977
Life insurance assets$110,597
Total liabilities and capital$97,080
Total liabilities$96,837
Total deposits$83,278
Interest-bearing deposits$96,837
Deposits held in domestic offices$90
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $243
All other liabilities $13,517
Total equity capital$13,517
Total bank equity capital$13,517
Perpetual preferred stock$0
Common stock$300
Surplus$1,000
Undivided profits $12,217
Memoranda
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 $1,474
Earning assets $0
Long-term assets (5+ years) $937
Average Assets, year-to-date $106,358
Average Assets, quarterly $71,092
Volatile liabilities $109,277
Insider loans $112,955
FHLB advances $51,585
Loans and leases held for sale $113,593
Unused loan commitments $159
Tier 1 (core) risk-based capital $159
Tier 2 risk-based capital $13,062
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $1,754
Derivatives$227
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $4,450
Total interest expense $1,329
Net interest income $3,121
Provision for loan and lease losses $135
Total noninterest income $993
Fiduciary activities $27
Service charges on deposit accounts $137
Trading account gains & fees $0
Additional noninterest income $829
Total noninterest expense $2,265
Salaries and employee benefits $1,416
Premises and equipment expense $195
Additional noninterest expense $654
Pre-tax net operating income $1,714
Securities gains (losses) $1
Applicable income taxes $86
Income before extraordinary items $1,629
Extraordinary gains - net $0
Net income attributable to bank $1,629
Net charge-offs $0
Cash dividends $1,629
Sale, conversion, retirement of capital stock, net $72
Net operating income $1,000
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.24%
Cost of funding earning assets 1.27%
Net interest margin 2.97%
Noninterest income to earning assets 0.95%
Noninterest expense to earning assets 2.16%
Net operating income to assets 1.49%
Return on assets (ROA) 1.49%
Pretax return on assets 1.57%
Return on equity (ROE) 12.62%
Retained earnings to average equity (YTD only) 4.87%
Net charge-offs to loans 0.18%
Credit loss provision to net charge-offs 187.50%
Efficiency ratio25.68%
Assets per employee$54,035
Cash dividends to net income (YTD only)4.25%
Condition Ratios (%)
Loss allowance to loans 61.39%
Loss allowance to noncurrent loans 1.50%
Noncurrent assets plus other real estate owned to assets 39.62%
Noncurrent loans to loans 1.50%
Net loans and leases to deposits3.80%
Net loans and leases to core deposits 39.48%
Equity capital to assets 41.17%
Core capital (leverage) ratio 12.22%
Tier 1 risk-based capital ratio 11.50%
Total risk-based capital ratio 25.32%
Memoranda
Average assets$26
Average earning assets$109,277
Average equity $12,909
Average loans $104,928
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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$7,465
Number of Accounts1
Personal trust and agency accounts$7,465
Employee benefit-defined contribution accounts$7,465
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$0
Investment management agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts12
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
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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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