First Security Bank and Trust Company in Charles City, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • First Security Bank and Trust Company in Charles City, Iowa (IA)
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First Security Bank and Trust Company - Overview

  • General
  • FDIC Certificate #: 1852
    Status: Active
    Federal Reserve ID: 894544
    Bank Holding Company (Regulatory Top Holder): Cedar Valley Bankshares, Ltd. (RSSDID: 1207815, Location: Charles City, IA)
    Date Established: July 14, 1903
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 14 (Domestic: 14, Interstate: No)
    OTS Docket #: 12599
    FDIC's unique #: 1233
    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: January 01, 1934
    Last Structure Change Effective Date: November 07, 2009
    Last Structure Change Process Date: November 23, 2009
    Last Data Update: November 23, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 809 Clark Street, Charles City, IA 50616
    County: Floyd
    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
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $430.7 mil
    Equity capital: $47.7 mil
    Deposits held in domestic offices: $342.8 mil
    Return on assets (ROA): 1.31% ($5.6 mil)
    Quarterly return on assets: 1.33% ($5.7 mil)
    Return on Equity (ROE): 12.48% ($6.0 mil)
    Quarterly return on equity: 12.16% ($5.8 mil)
    Net income: $5.6 mil
    Quarterly Net income: $1.4 mil
    Pretax return on assets: 1.37% ($5,900.9 mil)
    Quarterly Pretax return on assets: 1.40% ($6,030.1 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
  • 124Total employees (full-time equivalent)
  • $430,723Total assets
  • $11,365Cash and due from depository institutions
  • $1,785Interest-bearing balances
  • $138,451Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $260,595Net loans & leases
  • $4,287Loan loss allowance
  • $0Trading account assets
  • $3,226Bank premises and fixed assets
  • $29Other real estate owned
  • $5,113Goodwill and other intangibles
  • $430,723Life insurance assets
  • $11,944All other assets
  • $383,052Total liabilities and capital
  • $342,823Total liabilities
  • $285,181Total deposits
  • $342,823Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 4327.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $33,800Trading liabilities
  • $0Other borrowed funds
  • $2,102Subordinated debt
  • $47,671All other liabilities
  • $47,671Total equity capital
  • $47,671Total bank equity capital
  • $0Perpetual preferred stock
  • $500Common stock
  • $19,051Surplus
  • $28,120Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $476Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $9,485Income earned, not collected on loans
  • $0Earning assets
  • $4,186Long-term assets (5+ years)
  • $400,831Average Assets, year-to-date
  • $140,429Average Assets, quarterly
  • $429,147Volatile liabilities
  • $431,597Insider loans
  • $312,051FHLB advances
  • $428,293Loans and leases held for sale
  • $3,012Unused loan commitments
  • $2,164Tier 1 (core) risk-based capital
  • $38,081Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $848Total unused commitments
  • $50,767Restructured Loans and leases
  • $7,968Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $21,061Total interest income
  • $4,760Total interest expense
  • $16,301Net interest income
  • $2,115Provision for loan and lease losses
  • $2,534Total noninterest income
  • $256Fiduciary activities
  • $935Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,343Additional noninterest income
  • $10,731Total noninterest expense
  • $6,428Salaries and employee benefits
  • $1,479Premises and equipment expense
  • $2,824Additional noninterest expense
  • $5,989Pre-tax net operating income
  • -$94Securities gains (losses)
  • $284Applicable income taxes
  • $5,611Income before extraordinary items
  • $0Extraordinary gains - net
  • $5,611Net income attributable to bank
  • $0Net charge-offs
  • $5,611Cash dividends
  • $1,635Sale, conversion, retirement of capital stock, net
  • $3,820Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.25%Yield on earning assets
  • 1.19%Cost of funding earning assets
  • 4.06%Net interest margin
  • 0.63%Noninterest income to earning assets
  • 2.67%Noninterest expense to earning assets
  • 1.33%Net operating income to assets
  • 1.31%Return on assets (ROA)
  • 1.37%Pretax return on assets
  • 12.48%Return on equity (ROE)
  • 3.98%Retained earnings to average equity (YTD only)
  • 0.60%Net charge-offs to loans
  • 129.36%Credit loss provision to net charge-offs
  • 4.96%Efficiency ratio
  • 56,576Assets per employee
  • 3.47%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 68.08%Loss allowance to loans
  • 1.62%Loss allowance to noncurrent loans
  • 45.20%Noncurrent assets plus other real estate owned to assets
  • 2.28%Noncurrent loans to loans
  • 3.58%Net loans and leases to deposits
  • 76.01%Net loans and leases to core deposits
  • 77.29%Equity capital to assets
  • 11.07%Core capital (leverage) ratio
  • 8.89%Tier 1 risk-based capital ratio
  • 12.20%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $429,147Average earning assets
  • $44,971Average equity
  • $401,284Average 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
  • $50,903Managed Assets
  • 1Number of Accounts
  • $49,484Personal trust and agency accounts
  • $29,879Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $19,605Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 286Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $1,419Other retirement accounts
  • $1,419Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 14 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    01233First Security Bank And Trust Compan809 Clark Street, Charles City, IA 50616July 14, 1903Full Service Brick and Mortar
    1190225Ionia Branch201 West Main Street, Ionia, IA 50645March 31, 1958Full Service Brick and Mortar
    2190226Marble Rock Branch101 Main Street South, Marble Rock, IA 50653June 01, 1935Full Service Brick and Mortar
    45828Rockford Branch211 West Main Avenue, Rockford, IA 50468January 01, 1925Full Service Brick and Mortar
    58984Aredale BranchMain Street, Aredale, IA 50605May 27, 1927Full Service Brick and Mortar
    6242617Dumont Branch511 Main Street, Dumont, IA 50625April 30, 1993Full Service Brick and Mortar
    82972Riceville Branch109 Woodland Avenue, Riceville, IA 50466January 10, 1907Full Service Brick and Mortar
    95414Manly Branch116 East Elmore, Manly, IA 50456June 21, 1926Full Service Brick and Mortar
    105147Nora Springs Branch26 West Congress Street, Nora Springs, IA 50458January 01, 1900Full Service Brick and Mortar
    11217912Rudd Branch412 Chickasaw Street, Rudd, IA 50471July 01, 1950Full Service Brick and Mortar
    1211807Rockwell Branch319 Main Street, Rockwell, IA 50469May 01, 1917Full Service Brick and Mortar
    1310015Thornton BranchMain Street, Thornton, IA 50479January 01, 1906Full Service Brick and Mortar
    14235246Meservey Branch424 First Street, Meservey, IA 50457November 01, 1940Full Service Brick and Mortar
    15235247Swaledale Branch309-311 Lincoln Street, Swaledale, IA 50477December 03, 1955Full Service Brick and Mortar

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