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

Exchange State Bank - Overview

  • General
  • FDIC Certificate #: 18838
    Status: Active
    Federal Reserve ID: 787141
    Bank Holding Company (Regulatory Top Holder): Exchange Financial, Inc. (RSSDID: 3403732, Location: Adair, IA)
    Date Established: January 01, 1879
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 11764
    FDIC's unique #: 12694
    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: July 18, 1963
    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: 322 Audubon, Adair, IA 50002
    County: Adair
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Des Moines
    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: $41.4 mil
    Equity capital: $5.1 mil
    Deposits held in domestic offices: $31.7 mil
    Return on assets (ROA): 0.65% ($0.3 mil)
    Quarterly return on assets: 0.05% ($0.0 mil)
    Return on Equity (ROE): 6.07% ($0.3 mil)
    Quarterly return on equity: 0.38% ($0.0 mil)
    Net income: $0.3 mil
    Quarterly Net income: $0.0 mil
    Pretax return on assets: 0.66% ($272.9 mil)
    Quarterly Pretax return on assets: 0.06% ($24.8 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)
  • $41,353Total assets
  • $5,211Cash and due from depository institutions
  • $4,186Interest-bearing balances
  • $12,515Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $20,911Net loans & leases
  • $282Loan loss allowance
  • $0Trading account assets
  • $339Bank premises and fixed assets
  • $445Other real estate owned
  • $861Goodwill and other intangibles
  • $41,353Life insurance assets
  • $1,071All other assets
  • $36,211Total liabilities and capital
  • $31,653Total liabilities
  • $26,834Total deposits
  • $31,653Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $4,230Trading liabilities
  • $0Other borrowed funds
  • $328Subordinated debt
  • $5,142All other liabilities
  • $5,142Total equity capital
  • $5,142Total bank equity capital
  • $0Perpetual preferred stock
  • $200Common stock
  • $6,670Surplus
  • $-1,728Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $105Income earned, not collected on loans
  • $0Earning assets
  • $358Long-term assets (5+ years)
  • $37,612Average Assets, year-to-date
  • $15,875Average Assets, quarterly
  • $46,890Volatile liabilities
  • $40,939Insider loans
  • $24,722FHLB advances
  • $40,315Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $3,955Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $3,665Restructured Loans and leases
  • $404Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,083Total interest income
  • $771Total interest expense
  • $1,312Net interest income
  • $53Provision for loan and lease losses
  • $507Total noninterest income
  • $1Fiduciary activities
  • $160Service charges on deposit accounts
  • $0Trading account gains & fees
  • $346Additional noninterest income
  • $1,456Total noninterest expense
  • $700Salaries and employee benefits
  • $165Premises and equipment expense
  • $591Additional noninterest expense
  • $310Pre-tax net operating income
  • -$1Securities gains (losses)
  • $2Applicable income taxes
  • $307Income before extraordinary items
  • $0Extraordinary gains - net
  • $307Net income attributable to bank
  • $0Net charge-offs
  • $307Cash dividends
  • $350Sale, conversion, retirement of capital stock, net
  • $396Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.90%Yield on earning assets
  • 1.81%Cost of funding earning assets
  • 3.09%Net interest margin
  • 1.19%Noninterest income to earning assets
  • 3.43%Noninterest expense to earning assets
  • 0.66%Net operating income to assets
  • 0.65%Return on assets (ROA)
  • 0.66%Pretax return on assets
  • 6.07%Return on equity (ROE)
  • -1.76%Retained earnings to average equity (YTD only)
  • 1.27%Net charge-offs to loans
  • 15.14%Credit loss provision to net charge-offs
  • 1.04%Efficiency ratio
  • 77,075Assets per employee
  • 4.59%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 128.99%Loss allowance to loans
  • 1.33%Loss allowance to noncurrent loans
  • 268.57%Noncurrent assets plus other real estate owned to assets
  • 3.03%Noncurrent loans to loans
  • 0.50%Net loans and leases to deposits
  • 66.06%Net loans and leases to core deposits
  • 69.81%Equity capital to assets
  • 12.43%Core capital (leverage) ratio
  • 9.81%Tier 1 risk-based capital ratio
  • 16.00%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $46,890Average earning assets
  • $5,060Average equity
  • $42,492Average 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
  • $84Managed Assets
  • 1Number of Accounts
  • $84Personal trust and agency accounts
  • $84Employee 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
  • 2Number 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
    012694Exchange State Bank322 Audubon, Adair, IA 50002January 01, 1879Full Service Brick and Mortar
    1280132South John Wayne Drive Branch113 South John Wayne Drive, Winterset, IA 50273Febuary 13, 1998Full Service Brick and Mortar

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