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

First State Bank - Overview

  • General
  • FDIC Certificate #: 11634
    Status: Active
    Federal Reserve ID: 548641
    Bank Holding Company (Regulatory Top Holder): Psb Corporation (RSSDID: 1210468, Location: Wellsburg, IA)
    Date Established: January 01, 1900
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 11637
    FDIC's unique #: 7438
    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: No
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: January 01, 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: 106 West First Street, Sumner, IA 50674
    County: Bremer
    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
    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: $106.1 mil
    Equity capital: $12.4 mil
    Deposits held in domestic offices: $79.3 mil
    Return on assets (ROA): 0.88% ($0.9 mil)
    Quarterly return on assets: 0.62% ($0.7 mil)
    Return on Equity (ROE): 7.66% ($0.9 mil)
    Quarterly return on equity: 5.25% ($0.6 mil)
    Net income: $0.9 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 1.13% ($1,198.8 mil)
    Quarterly Pretax return on assets: 0.71% ($753.2 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
  • 22Total employees (full-time equivalent)
  • $106,089Total assets
  • $5,919Cash and due from depository institutions
  • $3,100Interest-bearing balances
  • $49,509Securities
  • $4,200Federal funds sold & reverse repurchase agreements
  • $39,854Net loans & leases
  • $263Loan loss allowance
  • $0Trading account assets
  • $941Bank premises and fixed assets
  • $623Other real estate owned
  • $1,430Goodwill and other intangibles
  • $106,089Life insurance assets
  • $3,613All other assets
  • $93,665Total liabilities and capital
  • $79,268Total liabilities
  • $67,303Total deposits
  • $79,268Interest-bearing deposits
  • $82Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $12,900Trading liabilities
  • $0Other borrowed funds
  • $1,497Subordinated debt
  • $12,424All other liabilities
  • $12,424Total equity capital
  • $12,424Total bank equity capital
  • $0Perpetual preferred stock
  • $500Common stock
  • $2,820Surplus
  • $9,104Undivided 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
  • $727Long-term assets (5+ years)
  • $96,663Average Assets, year-to-date
  • $42,013Average Assets, quarterly
  • $101,601Volatile liabilities
  • $104,785Insider loans
  • $54,119FHLB advances
  • $103,451Loans and leases held for sale
  • $1,656Unused loan commitments
  • $1,656Tier 1 (core) risk-based capital
  • $9,781Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $4,116Restructured Loans and leases
  • $1,141Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,214Total interest income
  • $1,125Total interest expense
  • $3,089Net interest income
  • $75Provision for loan and lease losses
  • $391Total noninterest income
  • $25Fiduciary activities
  • $203Service charges on deposit accounts
  • $0Trading account gains & fees
  • $163Additional noninterest income
  • $2,259Total noninterest expense
  • $1,200Salaries and employee benefits
  • $222Premises and equipment expense
  • $837Additional noninterest expense
  • $1,146Pre-tax net operating income
  • $0Securities gains (losses)
  • $251Applicable income taxes
  • $895Income before extraordinary items
  • $0Extraordinary gains - net
  • $895Net income attributable to bank
  • $0Net charge-offs
  • $895Cash dividends
  • $9Sale, conversion, retirement of capital stock, net
  • $207Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.56%Yield on earning assets
  • 1.22%Cost of funding earning assets
  • 3.35%Net interest margin
  • 0.42%Noninterest income to earning assets
  • 2.45%Noninterest expense to earning assets
  • 0.88%Net operating income to assets
  • 0.88%Return on assets (ROA)
  • 1.13%Pretax return on assets
  • 7.66%Return on equity (ROE)
  • 5.89%Retained earnings to average equity (YTD only)
  • 0.02%Net charge-offs to loans
  • 833.33%Credit loss provision to net charge-offs
  • 135.67%Efficiency ratio
  • 63,017Assets per employee
  • 4.82%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 23.13%Loss allowance to loans
  • 0.66%Loss allowance to noncurrent loans
  • 536.73%Noncurrent assets plus other real estate owned to assets
  • 0.63%Noncurrent loans to loans
  • 0.12%Net loans and leases to deposits
  • 50.28%Net loans and leases to core deposits
  • 58.23%Equity capital to assets
  • 11.71%Core capital (leverage) ratio
  • 9.45%Tier 1 risk-based capital ratio
  • 18.07%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $101,601Average earning assets
  • $11,686Average equity
  • $92,338Average 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
  • $7,009Managed Assets
  • 1Number of Accounts
  • $7,009Personal trust and agency accounts
  • $7,009Employee 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
  • 5Number 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
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 2 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    07438First State Bank106 West First Street, Sumner, IA 50674January 01, 1900Full Service Brick and Mortar
    26711Fayette Branch200 Main Street, Fayette, IA 52142April 01, 1901Full Service Brick and Mortar

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