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


Defiance State Bank - Overview

  • General
  • FDIC Certificate #: 17450
    Status: Active
    Federal Reserve ID: 902645
    Bank Holding Company (Regulatory Top Holder): Union Bancorporation (RSSDID: 1416475, Location: Defiance, IA)
    Date Established: September 01, 1951
    WWW: http://www.defiancestatebank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 11439
    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: June 08, 1955
    Last Structure Change Effective Date: August 29, 2011
    Last Structure Change Process Date: August 29, 2011
    Last Data Update: August 29, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 201 Main Ave., Defiance, IA 51527
    County: Shelby
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Omaha
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
  • Financial Summary
  • Total assets: $26.0 mil
    Equity capital: $2.4 mil
    Deposits held in domestic offices: $22.9 mil
    Return on assets (ROA): 0.29% ($0.1 mil)
    Quarterly return on assets: -0.85% (-$0.2 mil)
    Return on Equity (ROE): 3.04% ($0.1 mil)
    Quarterly return on equity: -8.97% (-$0.2 mil)
    Net income: $0.1 mil
    Quarterly Net income: -$0.1 mil
    Pretax return on assets: 0.31% ($80.5 mil)
    Quarterly Pretax return on assets: -0.80% (-$207.6 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
  • 9Total employees (full-time equivalent)
  • $25,952Total assets
  • $10,083Cash and due from depository institutions
  • $7,939Interest-bearing balances
  • $0Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $15,298Net loans & leases
  • $167Loan loss allowance
  • $0Trading account assets
  • $46Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $25,952Life insurance assets
  • $525All other assets
  • $23,571Total liabilities and capital
  • $22,902Total liabilities
  • $19,114Total deposits
  • $22,902Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $650Trading liabilities
  • $0Other borrowed funds
  • $19Subordinated debt
  • $2,381All other liabilities
  • $2,381Total equity capital
  • $2,381Total bank equity capital
  • $0Perpetual preferred stock
  • $100Common stock
  • $900Surplus
  • $1,381Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $907Income earned, not collected on loans
  • $761Earning assets
  • $226Long-term assets (5+ years)
  • $23,237Average Assets, year-to-date
  • $4,238Average Assets, quarterly
  • $25,224Volatile liabilities
  • $25,477Insider loans
  • $19,695FHLB advances
  • $24,547Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $2,381Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,394Restructured Loans and leases
  • $132Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,030Total interest income
  • $138Total interest expense
  • $892Net interest income
  • $0Provision for loan and lease losses
  • $76Total noninterest income
  • $0Fiduciary activities
  • $56Service charges on deposit accounts
  • $0Trading account gains & fees
  • $20Additional noninterest income
  • $891Total noninterest expense
  • $603Salaries and employee benefits
  • $61Premises and equipment expense
  • $227Additional noninterest expense
  • $77Pre-tax net operating income
  • $0Securities gains (losses)
  • $5Applicable income taxes
  • $72Income before extraordinary items
  • $0Extraordinary gains - net
  • $72Net income attributable to bank
  • $0Net charge-offs
  • $72Cash dividends
  • -$29Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.39%Yield on earning assets
  • 0.59%Cost of funding earning assets
  • 3.80%Net interest margin
  • 0.32%Noninterest income to earning assets
  • 3.80%Noninterest expense to earning assets
  • 0.29%Net operating income to assets
  • 0.29%Return on assets (ROA)
  • 0.31%Pretax return on assets
  • 3.04%Return on equity (ROE)
  • 3.04%Retained earnings to average equity (YTD only)
  • -0.19%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 92,045Assets per employee
  • 2.88%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.08%Loss allowance to noncurrent loans
  • 18.41%Noncurrent assets plus other real estate owned to assets
  • 3.49%Noncurrent loans to loans
  • 5.86%Net loans and leases to deposits
  • 66.80%Net loans and leases to core deposits
  • 72.07%Equity capital to assets
  • 9.17%Core capital (leverage) ratio
  • 9.70%Tier 1 risk-based capital ratio
  • 12.09%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $25,224Average earning assets
  • $2,369Average equity
  • $23,444Average loans

List of branches

  • 2 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    011439Defiance State Bank201 Main Ave., Defiance, IA 51527September 01, 1951Full Service Brick and Mortar
    1241744Dow City Branch254 Franklin Street, Dow City, IA 51528July 01, 1955Full Service Brick and Mortar

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