First Iowa State Bank in Albia, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Iowa State Bank - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total 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
  • 25Total employees (full-time equivalent)
  • $147,187Total assets
  • $3,116Cash and due from depository institutions
  • $41Interest-bearing balances
  • $40,808Securities
  • $7,970Federal funds sold & reverse repurchase agreements
  • $89,063Net loans & leases
  • $2,566Loan loss allowance
  • $0Trading account assets
  • $623Bank premises and fixed assets
  • $816Other real estate owned
  • $0Goodwill and other intangibles
  • $147,187Life insurance assets
  • $4,791All other assets
  • $126,122Total liabilities and capital
  • $120,858Total liabilities
  • $104,567Total deposits
  • $120,858Interest-bearing deposits
  • $86Deposits held in domestic offices
  • 501.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $4,000Trading liabilities
  • $0Other borrowed funds
  • $763Subordinated debt
  • $21,065All other liabilities
  • $21,065Total equity capital
  • $21,065Total bank equity capital
  • $0Perpetual preferred stock
  • $240Common stock
  • $1,260Surplus
  • $19,565Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,349Income earned, not collected on loans
  • $0Earning assets
  • $1,617Long-term assets (5+ years)
  • $137,882Average Assets, year-to-date
  • $30,495Average Assets, quarterly
  • $144,397Volatile liabilities
  • $144,143Insider loans
  • $103,359FHLB advances
  • $144,929Loans and leases held for sale
  • $2,362Unused loan commitments
  • $2,362Tier 1 (core) risk-based capital
  • $19,408Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $10,332Restructured Loans and leases
  • $264Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $7,491Total interest income
  • $1,640Total interest expense
  • $5,851Net interest income
  • $1,485Provision for loan and lease losses
  • $735Total noninterest income
  • $0Fiduciary activities
  • $491Service charges on deposit accounts
  • $0Trading account gains & fees
  • $244Additional noninterest income
  • $3,275Total noninterest expense
  • $1,655Salaries and employee benefits
  • $275Premises and equipment expense
  • $1,345Additional noninterest expense
  • $1,826Pre-tax net operating income
  • $87Securities gains (losses)
  • $117Applicable income taxes
  • $1,796Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,796Net income attributable to bank
  • $0Net charge-offs
  • $1,796Cash dividends
  • $1,431Sale, conversion, retirement of capital stock, net
  • $1,400Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.53%Yield on earning assets
  • 1.21%Cost of funding earning assets
  • 4.32%Net interest margin
  • 0.54%Noninterest income to earning assets
  • 2.42%Noninterest expense to earning assets
  • 1.19%Net operating income to assets
  • 1.24%Return on assets (ROA)
  • 1.32%Pretax return on assets
  • 8.76%Return on equity (ROE)
  • 1.93%Retained earnings to average equity (YTD only)
  • 1.49%Net charge-offs to loans
  • 103.77%Credit loss provision to net charge-offs
  • 2.31%Efficiency ratio
  • 49,727Assets per employee
  • 5.89%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 77.95%Loss allowance to loans
  • 2.80%Loss allowance to noncurrent loans
  • 190.21%Noncurrent assets plus other real estate owned to assets
  • 1.47%Noncurrent loans to loans
  • 1.47%Net loans and leases to deposits
  • 73.69%Net loans and leases to core deposits
  • 77.14%Equity capital to assets
  • 14.31%Core capital (leverage) ratio
  • 13.39%Tier 1 risk-based capital ratio
  • 18.78%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $144,397Average earning assets
  • $20,511Average equity
  • $135,561Average loans

Total Fiduciary and Related Assets (December 31, 2007)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $481Managed Assets
  • 1Number 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
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 101Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $481Other retirement accounts
  • $481Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 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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