First Central State Bank in De Witt, Iowa (IA)



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First Central State Bank
GeneralFDIC 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
WWW: http://www.firstcentralsb.com
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
LocationAddress: 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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)52
Total assets$268,736
Cash and due from depository institutions$11,978
Interest-bearing balances$4,900
Securities$55,428
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$191,944
Loan loss allowance $1,841
Trading account assets$0
Bank premises and fixed assets$1,916
Other real estate owned$880
Goodwill and other intangibles$0
All other assets$6,590
Life insurance assets$268,736
Total liabilities and capital$242,239
Total liabilities$207,236
Total deposits$181,173
Interest-bearing deposits$207,236
Deposits held in domestic offices$88
% insured (estimated)10908.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$22,866
Other borrowed funds $0
Subordinated debt $1,229
All other liabilities $26,497
Total equity capital$26,497
Total bank equity capital$26,497
Perpetual preferred stock$0
Common stock$372
Surplus$1,378
Undivided profits $24,747
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $1,853
Income earned, not collected on loans $623
Earning assets $0
Long-term assets (5+ years) $1,776
Average Assets, year-to-date $252,272
Average Assets, quarterly $35,507
Volatile liabilities $265,243
Insider loans $269,953
FHLB advances $204,378
Loans and leases held for sale $269,647
Unused loan commitments $1,506
Tier 1 (core) risk-based capital $1,506
Tier 2 risk-based capital $25,478
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $22,801
Derivatives$908
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $12,605
Total interest expense $3,897
Net interest income $8,708
Provision for loan and lease losses $530
Total noninterest income $2,198
Fiduciary activities $8
Service charges on deposit accounts $570
Trading account gains & fees $0
Additional noninterest income $1,620
Total noninterest expense $6,230
Salaries and employee benefits $3,572
Premises and equipment expense $760
Additional noninterest expense $1,898
Pre-tax net operating income $4,146
Securities gains (losses) $0
Applicable income taxes $1,293
Income before extraordinary items $2,853
Extraordinary gains - net $0
Net income attributable to bank $2,853
Net charge-offs $0
Cash dividends $2,853
Sale, conversion, retirement of capital stock, net $312
Net operating income $834
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.06%
Cost of funding earning assets 1.57%
Net interest margin 3.50%
Noninterest income to earning assets 0.88%
Noninterest expense to earning assets 2.50%
Net operating income to assets 1.08%
Return on assets (ROA) 1.08%
Pretax return on assets 1.56%
Return on equity (ROE) 11.31%
Retained earnings to average equity (YTD only) 8.01%
Net charge-offs to loans 0.16%
Credit loss provision to net charge-offs 169.87%
Efficiency ratio14.99%
Assets per employee$57,125
Cash dividends to net income (YTD only)5.17%
Condition Ratios (%)
Loss allowance to loans 29.23%
Loss allowance to noncurrent loans 0.95%
Noncurrent assets plus other real estate owned to assets 295.51%
Noncurrent loans to loans 0.56%
Net loans and leases to deposits0.32%
Net loans and leases to core deposits 92.62%
Equity capital to assets 96.20%
Core capital (leverage) ratio 9.86%
Tier 1 risk-based capital ratio 9.45%
Total risk-based capital ratio 12.47%
Memoranda
Average assets$13
Average earning assets$265,243
Average equity $25,220
Average loans $248,905
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Total Fiduciary and Related Assets (December 31, 2011)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$15,043
Number of Accounts1
Personal trust and agency accounts$7,862
Employee benefit-defined contribution accounts$3,268
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$292
Investment management agency accounts$0
Other fiduciary accounts$3,814
Fiduciary accounts held in foreign offices$0
Non-managed Assets$488
Number of Accounts35
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$292
Employee benefit-defined benefit accounts$0
Other retirement accounts$7,181
Corporate trust and agency accounts$0
Other fiduciary accounts$3,327
Fiduciary accounts held in foreign offices$478
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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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