First Federal Savings Bank of Creston, F.S.B. in Creston, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • First Federal Savings Bank of Creston, F.S.B. in Creston, Iowa (IA)
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First Federal Savings Bank of Creston, F.S.B. - Overview

  • General
  • FDIC Certificate #: 33524
    Status: Active
    Federal Reserve ID: 1916809
    Bank Holding Company (Regulatory Top Holder): Whitmore Company, Inc. (RSSDID: 1200049, Location: Corning, IA)
    Date Established: November 01, 1991
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 4 (Domestic: 4, Interstate: No)
    OTS Docket #: 9501
    FDIC's unique #: 47363
    Numeric code: 33
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: November 01, 1991
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 501 W. Taylor St., Creston, IA 50801
    County: Union
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Des Moines
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $72.0 mil
    Equity capital: $7.7 mil
    Deposits held in domestic offices: $64.1 mil
    Return on assets (ROA): 0.97% ($0.7 mil)
    Quarterly return on assets: 1.06% ($0.8 mil)
    Return on Equity (ROE): 8.80% ($0.7 mil)
    Quarterly return on equity: 9.64% ($0.8 mil)
    Net income: $0.7 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 1.02% ($734.4 mil)
    Quarterly Pretax return on assets: 1.12% ($806.4 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
  • 21Total employees (full-time equivalent)
  • $71,998Total assets
  • $7,418Cash and due from depository institutions
  • $5,462Interest-bearing balances
  • $21,227Securities
  • $176Federal funds sold & reverse repurchase agreements
  • $40,032Net loans & leases
  • $235Loan loss allowance
  • $0Trading account assets
  • $2,193Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $71,998Life insurance assets
  • $952All other assets
  • $64,260Total liabilities and capital
  • $64,052Total liabilities
  • $60,818Total deposits
  • $64,052Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $208Subordinated debt
  • $7,738All other liabilities
  • $7,738Total equity capital
  • $7,738Total bank equity capital
  • $0Perpetual preferred stock
  • $3,500Common stock
  • $0Surplus
  • $4,238Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $49Income earned, not collected on loans
  • $0Earning assets
  • $649Long-term assets (5+ years)
  • $66,897Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $67,774Volatile liabilities
  • $69,715Insider loans
  • $43,572FHLB advances
  • $71,998Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $7,738Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $5,677Restructured Loans and leases
  • $94Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,021Total interest income
  • $707Total interest expense
  • $2,314Net interest income
  • $7Provision for loan and lease losses
  • $363Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $363Additional noninterest income
  • $1,976Total noninterest expense
  • $1,086Salaries and employee benefits
  • $588Premises and equipment expense
  • $302Additional noninterest expense
  • $694Pre-tax net operating income
  • $0Securities gains (losses)
  • $35Applicable income taxes
  • $659Income before extraordinary items
  • $0Extraordinary gains - net
  • $659Net income attributable to bank
  • $0Net charge-offs
  • $659Cash dividends
  • $7Sale, conversion, retirement of capital stock, net
  • $190Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.80%Yield on earning assets
  • 1.12%Cost of funding earning assets
  • 3.68%Net interest margin
  • 0.58%Noninterest income to earning assets
  • 3.14%Noninterest expense to earning assets
  • 0.97%Net operating income to assets
  • 0.97%Return on assets (ROA)
  • 1.02%Pretax return on assets
  • 8.80%Return on equity (ROE)
  • 6.27%Retained earnings to average equity (YTD only)
  • 0.02%Net charge-offs to loans
  • 100.00%Credit loss provision to net charge-offs
  • 100.14%Efficiency ratio
  • 73,814Assets per employee
  • 3.43%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 28.83%Loss allowance to loans
  • 0.58%Loss allowance to noncurrent loans
  • 479.59%Noncurrent assets plus other real estate owned to assets
  • 0.07%Noncurrent loans to loans
  • 0.12%Net loans and leases to deposits
  • 62.50%Net loans and leases to core deposits
  • 62.50%Equity capital to assets
  • 10.75%Core capital (leverage) ratio
  • 10.75%Tier 1 risk-based capital ratio
  • 17.76%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $67,774Average earning assets
  • $7,485Average equity
  • $62,924Average loans

List of branches

  • 4 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    047363First Federal Savings Bank Of Creston, F.S.b.501 W. Taylor St., Creston, IA 50801November 01, 1991Full Service Brick and Mortar
    2271347609 Davis Ave Branch609 Davis Avenue, Corning, IA 50841January 01, 1930Full Service Brick and Mortar
    3271348210 N Main St Branch210 North Main Street, Lenox, IA 50851January 01, 1930Full Service Brick and Mortar
    4271349110 W Madison St Branch110 West Madison Street, Mount Ayr, IA 50854January 01, 1930Full Service Brick and Mortar

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