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


Elgin State Bank - Overview

  • General
  • FDIC Certificate #: 10489
    Status: Active
    Federal Reserve ID: 609645
    Bank Holding Company (Regulatory Top Holder): Kellonto Bankshares Corp. (RSSDID: 1206210, Location: Elgin, IA)
    Date Established: October 25, 1930
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 6710
    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: 241 Center, Elgin, IA 52141
    County: Fayette
    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: $22.2 mil
    Equity capital: $1.8 mil
    Deposits held in domestic offices: $20.4 mil
    Return on assets (ROA): 0.04% ($0.0 mil)
    Quarterly return on assets: -1.52% (-$0.3 mil)
    Return on Equity (ROE): 0.51% ($0.0 mil)
    Quarterly return on equity: -17.70% (-$0.4 mil)
    Net income: $0.0 mil
    Quarterly Net income: -$0.1 mil
    Pretax return on assets: 0.04% ($8.9 mil)
    Quarterly Pretax return on assets: -1.52% (-$337.9 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
  • 8Total employees (full-time equivalent)
  • $22,233Total assets
  • $1,949Cash and due from depository institutions
  • $1,097Interest-bearing balances
  • $10,008Securities
  • $22Federal funds sold & reverse repurchase agreements
  • $9,851Net loans & leases
  • $122Loan loss allowance
  • $0Trading account assets
  • $82Bank premises and fixed assets
  • $40Other real estate owned
  • $0Goodwill and other intangibles
  • $22,233Life insurance assets
  • $281All other assets
  • $20,422Total liabilities and capital
  • $20,390Total liabilities
  • $15,085Total deposits
  • $20,390Interest-bearing deposits
  • $98Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $32Subordinated debt
  • $1,811All other liabilities
  • $1,811Total equity capital
  • $1,811Total bank equity capital
  • $0Perpetual preferred stock
  • $260Common stock
  • $515Surplus
  • $1,036Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $129Income earned, not collected on loans
  • $0Earning assets
  • $192Long-term assets (5+ years)
  • $20,978Average Assets, year-to-date
  • $9,063Average Assets, quarterly
  • $21,905Volatile liabilities
  • $21,609Insider loans
  • $11,908FHLB advances
  • $22,219Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $1,742Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $799Restructured Loans and leases
  • $680Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $983Total interest income
  • $177Total interest expense
  • $806Net interest income
  • $89Provision for loan and lease losses
  • $88Total noninterest income
  • $0Fiduciary activities
  • $84Service charges on deposit accounts
  • $0Trading account gains & fees
  • $4Additional noninterest income
  • $796Total noninterest expense
  • $457Salaries and employee benefits
  • $45Premises and equipment expense
  • $294Additional noninterest expense
  • $9Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $9Income before extraordinary items
  • $0Extraordinary gains - net
  • $9Net income attributable to bank
  • $0Net charge-offs
  • $9Cash dividends
  • $102Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.73%Yield on earning assets
  • 0.85%Cost of funding earning assets
  • 3.88%Net interest margin
  • 0.42%Noninterest income to earning assets
  • 3.83%Noninterest expense to earning assets
  • 0.04%Net operating income to assets
  • 0.04%Return on assets (ROA)
  • 0.04%Pretax return on assets
  • 0.51%Return on equity (ROE)
  • 0.51%Retained earnings to average equity (YTD only)
  • 1.01%Net charge-offs to loans
  • 87.25%Credit loss provision to net charge-offs
  • 0.96%Efficiency ratio
  • 89,038Assets per employee
  • 2.78%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.22%Loss allowance to noncurrent loans
  • 94.57%Noncurrent assets plus other real estate owned to assets
  • 0.76%Noncurrent loans to loans
  • 1.29%Net loans and leases to deposits
  • 48.31%Net loans and leases to core deposits
  • 48.31%Equity capital to assets
  • 8.15%Core capital (leverage) ratio
  • 7.84%Tier 1 risk-based capital ratio
  • 14.63%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $21,905Average earning assets
  • $1,763Average equity
  • $20,762Average loans

Total Fiduciary and Related Assets (December 31, 2002)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $10Managed Assets
  • 1Number of Accounts
  • $10Personal trust and agency accounts
  • $10Employee 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
  • 1Number 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

Bank Assets Sold and Securitized (December 31, 2002)

  • Dollar figures in thousands

List of branches

  • 2 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    06710Elgin State Bank241 Center, Elgin, IA 52141October 25, 1930Full Service Brick and Mortar
    1222450Wadena BranchMain Street, Wadena, IA 52169December 02, 1936Full Service Brick and Mortar

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