First Central State Bank in De Witt, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Central State Bank - Overview

  • General
  • FDIC Certificate #: 19716
    Status: Active
    Federal Reserve ID: 639549
    Bank Holding Company (Regulatory Top Holder): Ohnward Bancshares, Inc. (RSSDID: 1200311, Location: Maquoketa, IA)
    Date Established: June 12, 1967
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    OTS Docket #: 9647
    FDIC's unique #: 13512
    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: June 12, 1967
    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: 914 Sixth Avenue, De Witt, IA 52742
    County: Clinton
    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): Clinton, IA (#17540)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $268.7 mil
    Equity capital: $26.5 mil
    Deposits held in domestic offices: $207.2 mil
    Return on assets (ROA): 1.08% ($2.9 mil)
    Quarterly return on assets: 1.11% ($3.0 mil)
    Return on Equity (ROE): 11.31% ($2.9 mil)
    Quarterly return on equity: 11.43% ($3.0 mil)
    Net income: $2.9 mil
    Quarterly Net income: $0.8 mil
    Pretax return on assets: 1.56% ($4,192.3 mil)
    Quarterly Pretax return on assets: 1.63% ($4,380.4 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
  • 52Total employees (full-time equivalent)
  • $268,736Total assets
  • $11,978Cash and due from depository institutions
  • $4,900Interest-bearing balances
  • $55,428Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $191,944Net loans & leases
  • $1,841Loan loss allowance
  • $0Trading account assets
  • $1,916Bank premises and fixed assets
  • $880Other real estate owned
  • $0Goodwill and other intangibles
  • $268,736Life insurance assets
  • $6,590All other assets
  • $242,239Total liabilities and capital
  • $207,236Total liabilities
  • $181,173Total deposits
  • $207,236Interest-bearing deposits
  • $88Deposits held in domestic offices
  • 10908.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $22,866Trading liabilities
  • $0Other borrowed funds
  • $1,229Subordinated debt
  • $26,497All other liabilities
  • $26,497Total equity capital
  • $26,497Total bank equity capital
  • $0Perpetual preferred stock
  • $372Common stock
  • $1,378Surplus
  • $24,747Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $1,853Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $623Income earned, not collected on loans
  • $0Earning assets
  • $1,776Long-term assets (5+ years)
  • $252,272Average Assets, year-to-date
  • $35,507Average Assets, quarterly
  • $265,243Volatile liabilities
  • $269,953Insider loans
  • $204,378FHLB advances
  • $269,647Loans and leases held for sale
  • $1,506Unused loan commitments
  • $1,506Tier 1 (core) risk-based capital
  • $25,478Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $22,801Restructured Loans and leases
  • $908Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $12,605Total interest income
  • $3,897Total interest expense
  • $8,708Net interest income
  • $530Provision for loan and lease losses
  • $2,198Total noninterest income
  • $8Fiduciary activities
  • $570Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,620Additional noninterest income
  • $6,230Total noninterest expense
  • $3,572Salaries and employee benefits
  • $760Premises and equipment expense
  • $1,898Additional noninterest expense
  • $4,146Pre-tax net operating income
  • $0Securities gains (losses)
  • $1,293Applicable income taxes
  • $2,853Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,853Net income attributable to bank
  • $0Net charge-offs
  • $2,853Cash dividends
  • $312Sale, conversion, retirement of capital stock, net
  • $834Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.06%Yield on earning assets
  • 1.57%Cost of funding earning assets
  • 3.50%Net interest margin
  • 0.88%Noninterest income to earning assets
  • 2.50%Noninterest expense to earning assets
  • 1.08%Net operating income to assets
  • 1.08%Return on assets (ROA)
  • 1.56%Pretax return on assets
  • 11.31%Return on equity (ROE)
  • 8.01%Retained earnings to average equity (YTD only)
  • 0.16%Net charge-offs to loans
  • 169.87%Credit loss provision to net charge-offs
  • 14.99%Efficiency ratio
  • 57,125Assets per employee
  • 5.17%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 29.23%Loss allowance to loans
  • 0.95%Loss allowance to noncurrent loans
  • 295.51%Noncurrent assets plus other real estate owned to assets
  • 0.56%Noncurrent loans to loans
  • 0.32%Net loans and leases to deposits
  • 92.62%Net loans and leases to core deposits
  • 96.20%Equity capital to assets
  • 9.86%Core capital (leverage) ratio
  • 9.45%Tier 1 risk-based capital ratio
  • 12.47%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $265,243Average earning assets
  • $25,220Average equity
  • $248,905Average 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
  • $15,043Managed Assets
  • 1Number of Accounts
  • $7,862Personal trust and agency accounts
  • $3,268Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $292Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $3,814Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $488Non-managed Assets
  • 35Number of Accounts
  • $0Personal trust and agency accounts
  • $292Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $7,181Other retirement accounts
  • $0Corporate trust and agency accounts
  • $3,327Other fiduciary accounts
  • $478Fiduciary accounts held in foreign offices

List of branches

  • 4 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    013512First Central State Bank914 Sixth Avenue, De Witt, IA 52742June 12, 1967Full Service Brick and Mortar
    2249301Long Grove Iowa Branch119 First Street, Long Grove, IA 52756Febuary 22, 1993Full Service Brick and Mortar
    3363536Le Claire Branch1291 Eagle Ridge Road, Le Claire, IA 52753April 16, 2002Full Service Brick and Mortar
    4424698Eldridge Branch100 South Fourth Avenue, Unit 1, Eldridge, IA 52748December 15, 2003Full Service Brick and Mortar

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