Federation Bank in Washington, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches


Federation Bank - Overview

  • General
  • FDIC Certificate #: 14352
    Status: Active
    Federal Reserve ID: 764142
    Bank Holding Company (Regulatory Top Holder): C-B-g, Inc. (RSSDID: 1201448, Location: West Liberty, IA)
    Date Established: November 01, 1906
    WWW: http://www.federationbankia.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    FDIC's unique #: 8968
    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: No
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: April 18, 1934
    Last Structure Change Effective Date: December 14, 2010
    Last Structure Change Process Date: November 01, 2011
    Last Data Update: November 01, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 102 East Main Street, Washington, IA 52353
    County: Washington
    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
    Core Based Statistical Area (CBSA): Iowa City, IA (#26980)
    CBSA Metro Statistical Area: Iowa City, IA (#26980)
  • Financial Summary
  • Total assets: $111.3 mil
    Equity capital: $12.0 mil
    Deposits held in domestic offices: $89.5 mil
    Return on assets (ROA): 0.93% ($1.0 mil)
    Quarterly return on assets: 0.95% ($1.1 mil)
    Return on Equity (ROE): 8.88% ($1.1 mil)
    Quarterly return on equity: 8.85% ($1.1 mil)
    Net income: $1.0 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 1.31% ($1,458.1 mil)
    Quarterly Pretax return on assets: 1.38% ($1,536.0 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
  • 29Total employees (full-time equivalent)
  • $111,303Total assets
  • $2,722Cash and due from depository institutions
  • $1,063Interest-bearing balances
  • $31,869Securities
  • $3,847Federal funds sold & reverse repurchase agreements
  • $64,179Net loans & leases
  • $836Loan loss allowance
  • $0Trading account assets
  • $2,444Bank premises and fixed assets
  • $334Other real estate owned
  • $1,091Goodwill and other intangibles
  • $111,303Life insurance assets
  • $4,817All other assets
  • $99,350Total liabilities and capital
  • $89,473Total liabilities
  • $78,375Total deposits
  • $89,473Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 3966.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $5,148Trading liabilities
  • $0Other borrowed funds
  • $763Subordinated debt
  • $11,953All other liabilities
  • $11,953Total equity capital
  • $11,953Total bank equity capital
  • $0Perpetual preferred stock
  • $200Common stock
  • $7,094Surplus
  • $4,659Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,093Income earned, not collected on loans
  • $0Earning assets
  • $746Long-term assets (5+ years)
  • $100,958Average Assets, year-to-date
  • $32,456Average Assets, quarterly
  • $108,676Volatile liabilities
  • $110,793Insider loans
  • $77,502FHLB advances
  • $110,707Loans and leases held for sale
  • $2,310Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $10,185Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $2,310Total unused commitments
  • $5,899Restructured Loans and leases
  • $1,852Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,931Total interest income
  • $1,114Total interest expense
  • $3,817Net interest income
  • $129Provision for loan and lease losses
  • $508Total noninterest income
  • $0Fiduciary activities
  • $254Service charges on deposit accounts
  • $0Trading account gains & fees
  • $254Additional noninterest income
  • $2,822Total noninterest expense
  • $1,593Salaries and employee benefits
  • $353Premises and equipment expense
  • $876Additional noninterest expense
  • $1,374Pre-tax net operating income
  • $54Securities gains (losses)
  • $420Applicable income taxes
  • $1,008Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,008Net income attributable to bank
  • $0Net charge-offs
  • $1,008Cash dividends
  • $186Sale, conversion, retirement of capital stock, net
  • $265Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.93%Yield on earning assets
  • 1.11%Cost of funding earning assets
  • 3.82%Net interest margin
  • 0.51%Noninterest income to earning assets
  • 2.82%Noninterest expense to earning assets
  • 0.89%Net operating income to assets
  • 0.93%Return on assets (ROA)
  • 1.31%Pretax return on assets
  • 8.88%Return on equity (ROE)
  • 6.55%Retained earnings to average equity (YTD only)
  • 0.29%Net charge-offs to loans
  • 69.35%Credit loss provision to net charge-offs
  • 8.08%Efficiency ratio
  • 65,249Assets per employee
  • 3.84%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 26.29%Loss allowance to loans
  • 1.29%Loss allowance to noncurrent loans
  • 76.49%Noncurrent assets plus other real estate owned to assets
  • 1.28%Noncurrent loans to loans
  • 1.68%Net loans and leases to deposits
  • 71.73%Net loans and leases to core deposits
  • 76.24%Equity capital to assets
  • 10.74%Core capital (leverage) ratio
  • 9.20%Tier 1 risk-based capital ratio
  • 13.14%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $108,676Average earning assets
  • $11,346Average equity
  • $100,039Average loans

Total Fiduciary and Related Assets (December 31, 2004)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $1,389Managed Assets
  • 1Number of Accounts
  • $1,389Personal trust and agency accounts
  • $1,389Employee 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
  • 6Number 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

  • 4 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    08968Federation Bank102 East Main Street, Washington, IA 52353November 01, 1906Full Service Brick and Mortar
    241812Brighton Branch112 East Washington Street, Brighton, IA 52540June 01, 1934Full Service Brick and Mortar
    3359776Wellman Branch801 6th Street, Wellman, IA 52356December 15, 1998Full Service Brick and Mortar
    4361744Richland Branch107 Richland Street, Richland, IA 52585September 01, 2000Full Service Brick and Mortar

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