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

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

  • General
  • FDIC Certificate #: 15321
    Status: Active
    Federal Reserve ID: 561145
    Bank Holding Company (Regulatory Top Holder): Van Diest Investment Company (RSSDID: 1205026, Location: Ankeny, IA)
    Date Established: October 15, 1935
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Domestic: 4, Interstate: No)
    OTS Docket #: 13381
    FDIC's unique #: 9657
    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: December 16, 1935
    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: 505 - 2nd Street, Webster City, IA 50595
    County: Hamilton
    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: $283.6 mil
    Equity capital: $31.4 mil
    Deposits held in domestic offices: $217.7 mil
    Return on assets (ROA): 1.41% ($4.0 mil)
    Quarterly return on assets: 1.58% ($4.5 mil)
    Return on Equity (ROE): 12.39% ($3.8 mil)
    Quarterly return on equity: 13.95% ($4.3 mil)
    Net income: $3.8 mil
    Quarterly Net income: $1.1 mil
    Pretax return on assets: 2.09% ($5,928.2 mil)
    Quarterly Pretax return on assets: 2.38% ($6,750.8 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
  • 89Total employees (full-time equivalent)
  • $283,646Total assets
  • $9,053Cash and due from depository institutions
  • $0Interest-bearing balances
  • $47,277Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $207,187Net loans & leases
  • $2,049Loan loss allowance
  • $0Trading account assets
  • $8,890Bank premises and fixed assets
  • $215Other real estate owned
  • $3,679Goodwill and other intangibles
  • $283,646Life insurance assets
  • $7,345All other assets
  • $252,230Total liabilities and capital
  • $217,675Total liabilities
  • $189,936Total deposits
  • $217,675Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 14920.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $18,231Trading liabilities
  • $0Other borrowed funds
  • $1,404Subordinated debt
  • $31,416All other liabilities
  • $31,416Total equity capital
  • $31,416Total bank equity capital
  • $0Perpetual preferred stock
  • $759Common stock
  • $3,490Surplus
  • $27,167Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $412Income earned, not collected on loans
  • $0Earning assets
  • $2,942Long-term assets (5+ years)
  • $254,464Average Assets, year-to-date
  • $84,002Average Assets, quarterly
  • $265,424Volatile liabilities
  • $279,074Insider loans
  • $256,119FHLB advances
  • $275,088Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $26,524Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $43,736Restructured Loans and leases
  • $2,304Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $11,652Total interest income
  • $2,720Total interest expense
  • $8,932Net interest income
  • $350Provision for loan and lease losses
  • $5,521Total noninterest income
  • $13Fiduciary activities
  • $477Service charges on deposit accounts
  • $0Trading account gains & fees
  • $5,031Additional noninterest income
  • $8,551Total noninterest expense
  • $5,367Salaries and employee benefits
  • $952Premises and equipment expense
  • $2,232Additional noninterest expense
  • $5,552Pre-tax net operating income
  • $0Securities gains (losses)
  • $1,797Applicable income taxes
  • $3,755Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,755Net income attributable to bank
  • $0Net charge-offs
  • $3,755Cash dividends
  • $66Sale, conversion, retirement of capital stock, net
  • $1,500Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.85%Yield on earning assets
  • 1.13%Cost of funding earning assets
  • 3.72%Net interest margin
  • 2.30%Noninterest income to earning assets
  • 3.56%Noninterest expense to earning assets
  • 1.41%Net operating income to assets
  • 1.41%Return on assets (ROA)
  • 2.09%Pretax return on assets
  • 12.39%Return on equity (ROE)
  • 7.44%Retained earnings to average equity (YTD only)
  • 0.03%Net charge-offs to loans
  • 530.30%Credit loss provision to net charge-offs
  • 89.42%Efficiency ratio
  • 56,431Assets per employee
  • 3.19%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 39.95%Loss allowance to loans
  • 0.98%Loss allowance to noncurrent loans
  • 497.33%Noncurrent assets plus other real estate owned to assets
  • 0.22%Noncurrent loans to loans
  • 0.20%Net loans and leases to deposits
  • 95.18%Net loans and leases to core deposits
  • 99.89%Equity capital to assets
  • 11.08%Core capital (leverage) ratio
  • 9.64%Tier 1 risk-based capital ratio
  • 10.36%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $265,424Average earning assets
  • $30,309Average equity
  • $240,129Average 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
  • $6,251Managed Assets
  • 1Number of Accounts
  • $2,282Personal trust and agency accounts
  • $1,752Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $530Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 35Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $3,969Other retirement accounts
  • $94Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $3,875Fiduciary accounts held in foreign offices

List of branches

  • 5 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    09657First State Bank505 - 2nd Street, Webster City, IA 50595October 15, 1935Full Service Brick and Mortar
    29386Stanhope BranchPark And Parker Streets, Stanhope, IA 50246January 01, 1931Full Service Brick and Mortar
    6364059Eagle Grove Branch323 South Commercial Avenue, Eagle Grove, IA 50533October 01, 2001Full Service Brick and Mortar
    7462756First State Bank3031 5th Avenue South, Fort Dodge, IA 50501April 26, 2007Full Service Brick and Mortar
    8529733First State Bank714 Central Avenue E, Clarion, IA 50525March 12, 2012Full Service Brick and Mortar

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