De Witt Bank & Trust Co. in De Witt, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches


De Witt Bank & Trust Co. - Overview

  • General
  • FDIC Certificate #: 14705
    Status: Active
    Federal Reserve ID: 668147
    Bank Holding Company (Regulatory Top Holder): De Witt Bancorp, Inc. (RSSDID: 1205576, Location: De Witt, IA)
    Date Established: June 15, 1933
    WWW: http://www.dewittbank.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    OTS Docket #: 10949
    FDIC's unique #: 9199
    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: August 27, 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: 815 Sixth Avenue, De Witt, IA 52742
    County: Clinton
    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
    Core Based Statistical Area (CBSA): Clinton, IA (#17540)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $118.1 mil
    Equity capital: $12.6 mil
    Deposits held in domestic offices: $103.2 mil
    Return on assets (ROA): 1.49% ($1.8 mil)
    Quarterly return on assets: 0.42% ($0.5 mil)
    Return on Equity (ROE): 14.52% ($1.9 mil)
    Quarterly return on equity: 4.01% ($0.5 mil)
    Net income: $1.8 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 1.57% ($1,854.3 mil)
    Quarterly Pretax return on assets: 0.45% ($531.5 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
  • 39Total employees (full-time equivalent)
  • $118,110Total assets
  • $2,890Cash and due from depository institutions
  • $68Interest-bearing balances
  • $25,525Securities
  • $910Federal funds sold & reverse repurchase agreements
  • $83,575Net loans & leases
  • $1,123Loan loss allowance
  • $0Trading account assets
  • $2,143Bank premises and fixed assets
  • $0Other real estate owned
  • $200Goodwill and other intangibles
  • $118,110Life insurance assets
  • $2,867All other assets
  • $105,524Total liabilities and capital
  • $103,223Total liabilities
  • $91,129Total deposits
  • $103,223Interest-bearing deposits
  • $83Deposits held in domestic offices
  • 1606.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $695Subordinated debt
  • $12,586All other liabilities
  • $12,586Total equity capital
  • $12,586Total bank equity capital
  • $0Perpetual preferred stock
  • $600Common stock
  • $1,900Surplus
  • $10,086Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $823Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,452Income earned, not collected on loans
  • $20Earning assets
  • $829Long-term assets (5+ years)
  • $110,078Average Assets, year-to-date
  • $19,719Average Assets, quarterly
  • $119,920Volatile liabilities
  • $119,601Insider loans
  • $93,951FHLB advances
  • $121,271Loans and leases held for sale
  • $926Unused loan commitments
  • $926Tier 1 (core) risk-based capital
  • $11,702Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $12,714Restructured Loans and leases
  • $4,001Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,592Total interest income
  • $1,420Total interest expense
  • $4,172Net interest income
  • $400Provision for loan and lease losses
  • $2,009Total noninterest income
  • $360Fiduciary activities
  • $275Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,374Additional noninterest income
  • $3,840Total noninterest expense
  • $2,310Salaries and employee benefits
  • $334Premises and equipment expense
  • $1,196Additional noninterest expense
  • $1,941Pre-tax net operating income
  • -$63Securities gains (losses)
  • $94Applicable income taxes
  • $1,784Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,784Net income attributable to bank
  • $0Net charge-offs
  • $1,784Cash dividends
  • $388Sale, conversion, retirement of capital stock, net
  • $1,090Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.00%Yield on earning assets
  • 1.27%Cost of funding earning assets
  • 3.73%Net interest margin
  • 1.80%Noninterest income to earning assets
  • 3.43%Noninterest expense to earning assets
  • 1.54%Net operating income to assets
  • 1.49%Return on assets (ROA)
  • 1.57%Pretax return on assets
  • 14.52%Return on equity (ROE)
  • 5.65%Retained earnings to average equity (YTD only)
  • 0.46%Net charge-offs to loans
  • 103.09%Credit loss provision to net charge-offs
  • 6.03%Efficiency ratio
  • 62,126Assets per employee
  • 3.03%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 61.10%Loss allowance to loans
  • 1.33%Loss allowance to noncurrent loans
  • 77.34%Noncurrent assets plus other real estate owned to assets
  • 1.23%Noncurrent loans to loans
  • 1.71%Net loans and leases to deposits
  • 80.97%Net loans and leases to core deposits
  • 84.16%Equity capital to assets
  • 10.66%Core capital (leverage) ratio
  • 9.65%Tier 1 risk-based capital ratio
  • 12.46%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $119,920Average earning assets
  • $12,289Average equity
  • $111,797Average 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
  • $72,963Managed Assets
  • 1Number of Accounts
  • $21,538Personal trust and agency accounts
  • $19,953Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $699Fiduciary accounts held in foreign offices
  • $886Non-managed Assets
  • 172Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $51,425Other retirement accounts
  • $33,928Corporate trust and agency accounts
  • $5,530Other fiduciary accounts
  • $11,785Fiduciary accounts held in foreign offices

List of branches

  • 1 Iowa Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    09199De Witt Bank & Trust Co.815 Sixth Avenue, De Witt, IA 52742June 15, 1933Full Service Brick and Mortar

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