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


First Security State Bank - Overview

  • General
  • FDIC Certificate #: 18508
    Status: Active
    Federal Reserve ID: 681043
    Bank Holding Company (Regulatory Top Holder): Evans Bancshares, Inc. (RSSDID: 1130726, Location: Evansdale, IA)
    Date Established: April 23, 1962
    WWW: http://www.fssbonline.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 10143
    FDIC's unique #: 12400
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: April 23, 1962
    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: 3600 Lafayette Road, Evansdale, IA 50707
    County: Black Hawk
    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
    Metropolitan Statistical Area (MSA): Waterloo-Cedar Falls, IA (#8920)
    Core Based Statistical Area (CBSA): Waterloo-Cedar Falls, IA (#47940)
    CBSA Metro Statistical Area: Waterloo-Cedar Falls, IA (#47940)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $83.8 mil
    Equity capital: $8.2 mil
    Deposits held in domestic offices: $70.1 mil
    Return on assets (ROA): 1.54% ($1.3 mil)
    Quarterly return on assets: 1.27% ($1.1 mil)
    Return on Equity (ROE): 14.63% ($1.2 mil)
    Quarterly return on equity: 11.84% ($0.9 mil)
    Net income: $1.3 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 1.62% ($1,357.9 mil)
    Quarterly Pretax return on assets: 1.33% ($1,114.8 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
  • 23Total employees (full-time equivalent)
  • $83,819Total assets
  • $7,451Cash and due from depository institutions
  • $6,308Interest-bearing balances
  • $9,048Securities
  • $1,036Federal funds sold & reverse repurchase agreements
  • $62,827Net loans & leases
  • $890Loan loss allowance
  • $0Trading account assets
  • $1,740Bank premises and fixed assets
  • $805Other real estate owned
  • $0Goodwill and other intangibles
  • $83,819Life insurance assets
  • $912All other assets
  • $75,570Total liabilities and capital
  • $70,059Total liabilities
  • $58,789Total deposits
  • $70,059Interest-bearing deposits
  • $87Deposits held in domestic offices
  • 3480.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $1,733Trading liabilities
  • $0Other borrowed funds
  • $298Subordinated debt
  • $8,249All other liabilities
  • $8,249Total equity capital
  • $8,249Total bank equity capital
  • $0Perpetual preferred stock
  • $197Common stock
  • $2,253Surplus
  • $5,799Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $216Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $269Income earned, not collected on loans
  • $0Earning assets
  • $277Long-term assets (5+ years)
  • $79,219Average Assets, year-to-date
  • $13,128Average Assets, quarterly
  • $81,693Volatile liabilities
  • $81,864Insider loans
  • $67,191FHLB advances
  • $80,929Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $8,125Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $7,544Restructured Loans and leases
  • $257Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,290Total interest income
  • $929Total interest expense
  • $3,361Net interest income
  • $0Provision for loan and lease losses
  • $275Total noninterest income
  • $0Fiduciary activities
  • $106Service charges on deposit accounts
  • $0Trading account gains & fees
  • $169Additional noninterest income
  • $2,411Total noninterest expense
  • $1,340Salaries and employee benefits
  • $419Premises and equipment expense
  • $652Additional noninterest expense
  • $1,225Pre-tax net operating income
  • $102Securities gains (losses)
  • $67Applicable income taxes
  • $1,260Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,260Net income attributable to bank
  • $0Net charge-offs
  • $1,260Cash dividends
  • $120Sale, conversion, retirement of capital stock, net
  • $1,250Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.59%Yield on earning assets
  • 1.21%Cost of funding earning assets
  • 4.38%Net interest margin
  • 0.36%Noninterest income to earning assets
  • 3.14%Noninterest expense to earning assets
  • 1.42%Net operating income to assets
  • 1.54%Return on assets (ROA)
  • 1.62%Pretax return on assets
  • 14.63%Return on equity (ROE)
  • 0.12%Retained earnings to average equity (YTD only)
  • 0.19%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 10.21%Efficiency ratio
  • 66,309Assets per employee
  • 3.64%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 99.21%Loss allowance to loans
  • 1.40%Loss allowance to noncurrent loans
  • 330.86%Noncurrent assets plus other real estate owned to assets
  • 1.28%Noncurrent loans to loans
  • 0.42%Net loans and leases to deposits
  • 89.68%Net loans and leases to core deposits
  • 92.15%Equity capital to assets
  • 9.84%Core capital (leverage) ratio
  • 10.04%Tier 1 risk-based capital ratio
  • 12.09%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $81,693Average earning assets
  • $8,615Average equity
  • $76,806Average loans

Total Fiduciary and Related Assets (December 31, 2003)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $13,454Managed Assets
  • 1Number of Accounts
  • $9,055Personal trust and agency accounts
  • $4,785Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $576Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $3,694Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 127Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $4,399Other retirement accounts
  • $2,683Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $1,716Fiduciary accounts held in foreign offices

List of branches

  • 2 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    012400First Security State Bank3600 Lafayette Road, Evansdale, IA 50707April 23, 1962Full Service Brick and Mortar
    2362311Cedar Falls Branch3229 Greenhill Circle, Cedar Falls, IA 50613October 08, 2001Full Service Brick and Mortar

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