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


Fairfax State Savings Bank - Overview

  • General
  • FDIC Certificate #: 8083
    Status: Active
    Federal Reserve ID: 682648
    Bank Holding Company (Regulatory Top Holder): Vanderbilt Holding Company, Inc. (RSSDID: 2524537, Location: Fairfax, IA)
    Date Established: October 20, 1924
    WWW: http://www.thebankhere.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 5140
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Other Specialized Lending < 1 Billion
    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: 409 Vanderbilt Street, Fairfax, IA 52228
    County: Linn
    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
    Metropolitan Statistical Area (MSA): Cedar Rapids, IA (#1360)
    Core Based Statistical Area (CBSA): Cedar Rapids, IA (#16300)
    CBSA Metro Statistical Area: Cedar Rapids, IA (#16300)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $148.9 mil
    Equity capital: $16.0 mil
    Deposits held in domestic offices: $131.5 mil
    Return on assets (ROA): -0.33% (-$0.5 mil)
    Quarterly return on assets: -0.08% (-$0.1 mil)
    Return on Equity (ROE): -3.03% (-$0.5 mil)
    Quarterly return on equity: -0.77% (-$0.1 mil)
    Net income: -$0.5 mil
    Quarterly Net income: -$0.0 mil
    Pretax return on assets: -0.33% (-$491.4 mil)
    Quarterly Pretax return on assets: -0.08% (-$119.1 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
  • 40Total employees (full-time equivalent)
  • $148,911Total assets
  • $10,980Cash and due from depository institutions
  • $8,525Interest-bearing balances
  • $76,191Securities
  • $3,432Federal funds sold & reverse repurchase agreements
  • $52,050Net loans & leases
  • $1,074Loan loss allowance
  • $0Trading account assets
  • $3,381Bank premises and fixed assets
  • $927Other real estate owned
  • $0Goodwill and other intangibles
  • $148,911Life insurance assets
  • $1,950All other assets
  • $132,867Total liabilities and capital
  • $131,482Total liabilities
  • $115,741Total deposits
  • $131,482Interest-bearing deposits
  • $85Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,385Subordinated debt
  • $16,044All other liabilities
  • $16,044Total equity capital
  • $16,044Total bank equity capital
  • $0Perpetual preferred stock
  • $200Common stock
  • $2,800Surplus
  • $13,044Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,184Income earned, not collected on loans
  • $0Earning assets
  • $1,014Long-term assets (5+ years)
  • $140,198Average Assets, year-to-date
  • $33,816Average Assets, quarterly
  • $144,153Volatile liabilities
  • $147,121Insider loans
  • $87,081FHLB advances
  • $150,596Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $15,105Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $5,205Restructured Loans and leases
  • $198Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,963Total interest income
  • $1,604Total interest expense
  • $4,359Net interest income
  • $2,085Provision for loan and lease losses
  • $1,746Total noninterest income
  • $10Fiduciary activities
  • $264Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,472Additional noninterest income
  • $4,649Total noninterest expense
  • $1,960Salaries and employee benefits
  • $196Premises and equipment expense
  • $2,493Additional noninterest expense
  • -$629Pre-tax net operating income
  • $155Securities gains (losses)
  • $0Applicable income taxes
  • -$474Income before extraordinary items
  • $0Extraordinary gains - net
  • -$474Net income attributable to bank
  • $0Net charge-offs
  • -$474Cash dividends
  • $1,996Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.38%Yield on earning assets
  • 1.18%Cost of funding earning assets
  • 3.20%Net interest margin
  • 1.28%Noninterest income to earning assets
  • 3.42%Noninterest expense to earning assets
  • -0.44%Net operating income to assets
  • -0.33%Return on assets (ROA)
  • -0.33%Pretax return on assets
  • -3.03%Return on equity (ROE)
  • -3.03%Retained earnings to average equity (YTD only)
  • 3.52%Net charge-offs to loans
  • 104.46%Credit loss provision to net charge-offs
  • 0.73%Efficiency ratio
  • 76,151Assets per employee
  • 3.72%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.02%Loss allowance to noncurrent loans
  • 49.18%Noncurrent assets plus other real estate owned to assets
  • 2.09%Noncurrent loans to loans
  • 4.11%Net loans and leases to deposits
  • 39.59%Net loans and leases to core deposits
  • 39.68%Equity capital to assets
  • 10.77%Core capital (leverage) ratio
  • 10.03%Tier 1 risk-based capital ratio
  • 17.35%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $144,153Average earning assets
  • $15,664Average equity
  • $136,048Average 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
  • $10,905Managed Assets
  • 1Number of Accounts
  • $10,905Personal trust and agency accounts
  • $10,905Employee 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
  • 24Number 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

  • 1 Iowa Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    05140Fairfax State Savings Bank409 Vanderbilt Street, Fairfax, IA 52228October 20, 1924Full Service Brick and Mortar

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