First Iowa State Bank in Albia, Iowa (IA)

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First Iowa State Bank
GeneralFDIC Certificate #: 14930
Status: Active
Federal Reserve ID: 787842
Bank Holding Company (Regulatory Top Holder): First Iowa State Shares, Inc. (RSSDID: 1894112, Location: Albia, IA)
Date Established: May 12, 1930
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Domestic: 3, Interstate: No)
FDIC's unique #: 9352
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: Yes
Asset Concentration Hierarchy: Agricultural Specialization
Date of Deposit Insurance: December 15, 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
LocationAddress: 23 Benton Avenue East, Albia, IA 52531
County: Monroe
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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $147.2 mil
Equity capital: $21.1 mil
Deposits held in domestic offices: $120.9 mil
Return on assets (ROA): 1.24% ($1.8 mil)
Quarterly return on assets: 0.15% ($0.2 mil)
Return on Equity (ROE): 8.76% ($1.8 mil)
Quarterly return on equity: 1.01% ($0.2 mil)
Net income: $1.8 mil
Quarterly Net income: $0.1 mil
Pretax return on assets: 1.32% ($1,942.9 mil)
Quarterly Pretax return on assets: 0.24% ($353.2 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)25
Total assets$147,187
Cash and due from depository institutions$3,116
Interest-bearing balances$41
Federal funds sold & reverse repurchase agreements$7,970
Net loans & leases$89,063
Loan loss allowance $2,566
Trading account assets$0
Bank premises and fixed assets$623
Other real estate owned$816
Goodwill and other intangibles$0
All other assets$4,791
Life insurance assets$147,187
Total liabilities and capital$126,122
Total liabilities$120,858
Total deposits$104,567
Interest-bearing deposits$120,858
Deposits held in domestic offices$86
% insured (estimated)501.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$4,000
Other borrowed funds $0
Subordinated debt $763
All other liabilities $21,065
Total equity capital$21,065
Total bank equity capital$21,065
Perpetual preferred stock$0
Common stock$240
Undivided profits $19,565
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $1,349
Earning assets $0
Long-term assets (5+ years) $1,617
Average Assets, year-to-date $137,882
Average Assets, quarterly $30,495
Volatile liabilities $144,397
Insider loans $144,143
FHLB advances $103,359
Loans and leases held for sale $144,929
Unused loan commitments $2,362
Tier 1 (core) risk-based capital $2,362
Tier 2 risk-based capital $19,408
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $10,332
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $7,491
Total interest expense $1,640
Net interest income $5,851
Provision for loan and lease losses $1,485
Total noninterest income $735
Fiduciary activities $0
Service charges on deposit accounts $491
Trading account gains & fees $0
Additional noninterest income $244
Total noninterest expense $3,275
Salaries and employee benefits $1,655
Premises and equipment expense $275
Additional noninterest expense $1,345
Pre-tax net operating income $1,826
Securities gains (losses) $87
Applicable income taxes $117
Income before extraordinary items $1,796
Extraordinary gains - net $0
Net income attributable to bank $1,796
Net charge-offs $0
Cash dividends $1,796
Sale, conversion, retirement of capital stock, net $1,431
Net operating income $1,400
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.53%
Cost of funding earning assets 1.21%
Net interest margin 4.32%
Noninterest income to earning assets 0.54%
Noninterest expense to earning assets 2.42%
Net operating income to assets 1.19%
Return on assets (ROA) 1.24%
Pretax return on assets 1.32%
Return on equity (ROE) 8.76%
Retained earnings to average equity (YTD only) 1.93%
Net charge-offs to loans 1.49%
Credit loss provision to net charge-offs 103.77%
Efficiency ratio2.31%
Assets per employee$49,727
Cash dividends to net income (YTD only)5.89%
Condition Ratios (%)
Loss allowance to loans 77.95%
Loss allowance to noncurrent loans 2.80%
Noncurrent assets plus other real estate owned to assets 190.21%
Noncurrent loans to loans 1.47%
Net loans and leases to deposits1.47%
Net loans and leases to core deposits 73.69%
Equity capital to assets 77.14%
Core capital (leverage) ratio 14.31%
Tier 1 risk-based capital ratio 13.39%
Total risk-based capital ratio 18.78%
Average assets$20
Average earning assets$144,397
Average equity $20,511
Average loans $135,561
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Total Fiduciary and Related Assets (December 31, 2007)
(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$481
Number of Accounts1
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$0
Investment management agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts101
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$481
Corporate trust and agency accounts$481
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
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3 Iowa Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
09352First Iowa State Bank23 Benton Avenue East, Albia, IA 52531May 12, 1930Full Service Brick and Mortar
1232454Benton Avenue Drive-In Branch301 Benton Avenue, East, Albia, IA 52531August 16, 1973Limited Service Facility
2232455Walnut And Third Streets BranchWalnut And Third Streets, Eddyville, IA 52553March 12, 1987Full Service Brick and Mortar
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