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


  • First State Bank in Hawarden, Iowa (IA)
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First State Bank - Overview

  • General
  • FDIC Certificate #: 13680
    Status: Active
    Federal Reserve ID: 976347
    Bank Holding Company (Regulatory Top Holder): First State Associates, Inc. (RSSDID: 2410582, Location: Hawarden, IA)
    Date Established: January 01, 1934
    WWW: http://www.fsbhawarden.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    OTS Docket #: 14625
    FDIC's unique #: 8552
    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 13, 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: 722 Central Avenue, Hawarden, IA 51023
    County: Sioux
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Sioux City
    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: $45.1 mil
    Equity capital: $3.8 mil
    Deposits held in domestic offices: $37.1 mil
    Return on assets (ROA): 1.32% ($0.6 mil)
    Quarterly return on assets: 0.94% ($0.4 mil)
    Return on Equity (ROE): 15.84% ($0.6 mil)
    Quarterly return on equity: 11.31% ($0.5 mil)
    Net income: $0.6 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 1.38% ($622.0 mil)
    Quarterly Pretax return on assets: 0.98% ($441.7 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
  • 10Total employees (full-time equivalent)
  • $45,076Total assets
  • $8,217Cash and due from depository institutions
  • $6,921Interest-bearing balances
  • $2,063Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $33,463Net loans & leases
  • $406Loan loss allowance
  • $0Trading account assets
  • $168Bank premises and fixed assets
  • $0Other real estate owned
  • $299Goodwill and other intangibles
  • $45,076Life insurance assets
  • $866All other assets
  • $41,298Total liabilities and capital
  • $37,092Total liabilities
  • $31,828Total deposits
  • $37,092Interest-bearing deposits
  • $87Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $4,100Trading liabilities
  • $0Other borrowed funds
  • $106Subordinated debt
  • $3,778All other liabilities
  • $3,778Total equity capital
  • $3,778Total bank equity capital
  • $0Perpetual preferred stock
  • $232Common stock
  • $1,995Surplus
  • $1,551Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $80Income earned, not collected on loans
  • $0Earning assets
  • $490Long-term assets (5+ years)
  • $42,447Average Assets, year-to-date
  • $4,343Average Assets, quarterly
  • $45,533Volatile liabilities
  • $45,395Insider loans
  • $31,196FHLB advances
  • $44,291Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $3,479Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $14,158Restructured Loans and leases
  • $3,261Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,050Total interest income
  • $557Total interest expense
  • $1,493Net interest income
  • $12Provision for loan and lease losses
  • $150Total noninterest income
  • $0Fiduciary activities
  • $87Service charges on deposit accounts
  • $0Trading account gains & fees
  • $63Additional noninterest income
  • $1,001Total noninterest expense
  • $611Salaries and employee benefits
  • $87Premises and equipment expense
  • $303Additional noninterest expense
  • $630Pre-tax net operating income
  • $0Securities gains (losses)
  • $30Applicable income taxes
  • $600Income before extraordinary items
  • $0Extraordinary gains - net
  • $600Net income attributable to bank
  • $0Net charge-offs
  • $600Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $540Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.74%Yield on earning assets
  • 1.29%Cost of funding earning assets
  • 3.45%Net interest margin
  • 0.35%Noninterest income to earning assets
  • 2.32%Noninterest expense to earning assets
  • 1.32%Net operating income to assets
  • 1.32%Return on assets (ROA)
  • 1.38%Pretax return on assets
  • 15.84%Return on equity (ROE)
  • 1.58%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 60,925Assets per employee
  • 4.51%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 90.00%Loss allowance to loans
  • 1.20%Loss allowance to noncurrent loans
  • 507.50%Noncurrent assets plus other real estate owned to assets
  • 0.18%Noncurrent loans to loans
  • 0.24%Net loans and leases to deposits
  • 90.22%Net loans and leases to core deposits
  • 90.95%Equity capital to assets
  • 8.38%Core capital (leverage) ratio
  • 7.85%Tier 1 risk-based capital ratio
  • 11.15%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $45,533Average earning assets
  • $3,789Average equity
  • $43,225Average loans

Total Fiduciary and Related Assets (December 31, 2002)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $197Managed 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
  • 31Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $197Other retirement accounts
  • $197Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 1 Iowa Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    08552First State Bank722 Central Avenue, Hawarden, IA 51023January 01, 1934Full Service Brick and Mortar

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