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

This bank is inactive as of April 01, 2008

  • Fairbank State Bank in Fairbank, Iowa (IA)
  • Show street view No street view available for this location

Fairbank State Bank - Overview

  • General
  • FDIC Certificate #: 8754
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Northeast Security Bank (#18384)
    Federal Reserve ID: 650647
    Date Established: January 01, 1897
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 5571
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: April 01, 2008
    Last Structure Change Process Date: April 04, 2008
    Last Data Update: April 04, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 119 East Main Street, Fairbank, IA 50629
    County: Buchanan
    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
  • Financial Summary
  • Total assets: $29.7 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, 2007)

  • Dollar figures in thousands
  • 6Total employees (full-time equivalent)
  • $30,115Total assets
  • $871Cash and due from depository institutions
  • $0Interest-bearing balances
  • $6,443Securities
  • $825Federal funds sold & reverse repurchase agreements
  • $20,030Net loans & leases
  • $191Loan loss allowance
  • $0Trading account assets
  • $318Bank premises and fixed assets
  • $0Other real estate owned
  • $1,205Goodwill and other intangibles
  • $0Life insurance assets
  • $423All other assets
  • $30,115Total liabilities and capital
  • $26,680Total liabilities
  • $25,929Total deposits
  • $22,685Interest-bearing deposits
  • $25,929Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $751All other liabilities
  • $3,435Total equity capital
  • $3,435Total bank equity capital
  • $3,435Perpetual preferred stock
  • $0Common stock
  • $78Surplus
  • $3,075Undivided profits
  • Memoranda
  • $282Noncurrent loans and leases
  • $5,737Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $596Earning assets
  • $0Long-term assets (5+ years)
  • $403Average Assets, year-to-date
  • $27,298Average Assets, quarterly
  • $4,907Volatile liabilities
  • $28,973Insider loans
  • $29,381FHLB advances
  • $3,350Loans and leases held for sale
  • $1,566Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $5,737Total unused commitments
  • $0Restructured Loans and leases
  • $191Derivatives

Income and Expense (December 31, 2007)

  • Dollar figures in thousands
  • $1,781Total interest income
  • $822Total interest expense
  • $959Net interest income
  • $24Provision for loan and lease losses
  • $142Total noninterest income
  • $0Fiduciary activities
  • $108Service charges on deposit accounts
  • $0Trading account gains & fees
  • $34Additional noninterest income
  • $648Total noninterest expense
  • $336Salaries and employee benefits
  • $82Premises and equipment expense
  • $230Additional noninterest expense
  • $429Pre-tax net operating income
  • -$36Securities gains (losses)
  • $137Applicable income taxes
  • $256Income before extraordinary items
  • $0Extraordinary gains - net
  • $256Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $7Sale, conversion, retirement of capital stock, net
  • $508Net operating income

Performance and Condition Ratios (December 31, 2007)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.78%Yield on earning assets
  • 3.13%Cost of funding earning assets
  • 3.65%Net interest margin
  • 0.54%Noninterest income to earning assets
  • 2.47%Noninterest expense to earning assets
  • 0.96%Net operating income to assets
  • 0.88%Return on assets (ROA)
  • 1.36%Pretax return on assets
  • 7.01%Return on equity (ROE)
  • -6.90%Retained earnings to average equity (YTD only)
  • 0.04%Net charge-offs to loans
  • 342.86%Credit loss provision to net charge-offs
  • 64.71%Efficiency ratio
  • 56,767Assets per employee
  • 5.02%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 198.44%Loss allowance to loans
  • 0.94%Loss allowance to noncurrent loans
  • 32.05%Noncurrent assets plus other real estate owned to assets
  • 1.98%Noncurrent loans to loans
  • 2.95%Net loans and leases to deposits
  • 77.25%Net loans and leases to core deposits
  • 88.71%Equity capital to assets
  • 11.41%Core capital (leverage) ratio
  • 7.82%Tier 1 risk-based capital ratio
  • 9.79%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $28,973Average earning assets
  • $3,650Average equity
  • $26,284Average loans

Total Fiduciary and Related Assets (December 31, 2007)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $3Managed Assets
  • 1Number of Accounts
  • $3Personal trust and agency accounts
  • $3Employee 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

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Fairbank State Bank.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents