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


First State Bank - Overview

  • General
  • FDIC Certificate #: 15369
    Status: Active
    Federal Reserve ID: 358149
    Bank Holding Company (Regulatory Top Holder): Little Sioux Bancshares, Inc. (RSSDID: 2652887, Location: Sioux Rapids, IA)
    Date Established: July 12, 1930
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 9696
    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: March 24, 1936
    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: 123 Main Street, Sioux Rapids, IA 50585
    County: Buena Vista
    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
    Core Based Statistical Area (CBSA): Storm Lake, IA (#44740)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $32.6 mil
    Equity capital: $4.8 mil
    Deposits held in domestic offices: $25.5 mil
    Return on assets (ROA): 0.86% ($0.3 mil)
    Quarterly return on assets: 0.35% ($0.1 mil)
    Return on Equity (ROE): 5.66% ($0.3 mil)
    Quarterly return on equity: 2.35% ($0.1 mil)
    Net income: $0.3 mil
    Quarterly Net income: $0.0 mil
    Pretax return on assets: 0.98% ($319.4 mil)
    Quarterly Pretax return on assets: 0.20% ($65.2 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
  • 7Total employees (full-time equivalent)
  • $32,596Total assets
  • $5,319Cash and due from depository institutions
  • $4,387Interest-bearing balances
  • $18,062Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $8,722Net loans & leases
  • $110Loan loss allowance
  • $0Trading account assets
  • $106Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $32,596Life insurance assets
  • $387All other assets
  • $27,824Total liabilities and capital
  • $25,536Total liabilities
  • $20,345Total deposits
  • $25,536Interest-bearing deposits
  • $98Deposits held in domestic offices
  • 2187.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $101Subordinated debt
  • $4,772All other liabilities
  • $4,772Total equity capital
  • $4,772Total bank equity capital
  • $0Perpetual preferred stock
  • $60Common stock
  • $1,000Surplus
  • $3,712Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5Income earned, not collected on loans
  • $0Earning assets
  • $248Long-term assets (5+ years)
  • $31,171Average Assets, year-to-date
  • $10,123Average Assets, quarterly
  • $30,969Volatile liabilities
  • $31,724Insider loans
  • $14,567FHLB advances
  • $31,968Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $4,772Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,836Restructured Loans and leases
  • $124Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,093Total interest income
  • $191Total interest expense
  • $902Net interest income
  • $0Provision for loan and lease losses
  • $143Total noninterest income
  • $0Fiduciary activities
  • $60Service charges on deposit accounts
  • $0Trading account gains & fees
  • $83Additional noninterest income
  • $752Total noninterest expense
  • $547Salaries and employee benefits
  • $40Premises and equipment expense
  • $165Additional noninterest expense
  • $293Pre-tax net operating income
  • $12Securities gains (losses)
  • $39Applicable income taxes
  • $266Income before extraordinary items
  • $0Extraordinary gains - net
  • $266Net income attributable to bank
  • $0Net charge-offs
  • $266Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $60Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.69%Yield on earning assets
  • 0.64%Cost of funding earning assets
  • 3.04%Net interest margin
  • 0.48%Noninterest income to earning assets
  • 2.54%Noninterest expense to earning assets
  • 0.83%Net operating income to assets
  • 0.86%Return on assets (ROA)
  • 0.98%Pretax return on assets
  • 5.66%Return on equity (ROE)
  • 4.39%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
  • 71,962Assets per employee
  • 4.66%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 22.56%Loss allowance to loans
  • 1.25%Loss allowance to noncurrent loans
  • 2200.00%Noncurrent assets plus other real estate owned to assets
  • 0.02%Noncurrent loans to loans
  • 0.06%Net loans and leases to deposits
  • 34.16%Net loans and leases to core deposits
  • 35.02%Equity capital to assets
  • 14.64%Core capital (leverage) ratio
  • 14.93%Tier 1 risk-based capital ratio
  • 32.76%Total risk-based capital ratio
  • Memoranda
  • $34Average assets
  • $30,969Average earning assets
  • $4,696Average equity
  • $29,627Average 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
  • $92Managed Assets
  • 1Number of Accounts
  • $30Personal trust and agency accounts
  • $30Employee 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
  • 10Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $62Other retirement accounts
  • $62Corporate 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
    09696First State Bank123 Main Street, Sioux Rapids, IA 50585July 12, 1930Full Service Brick and Mortar
    1233781Linn Grove BranchMain Street, Linn Grove, IA 51033April 04, 1936Full Service Brick and Mortar

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