First State Bank in city_name, state_name - Detailed Financial Reports, Location

First State Bank in Stuart, Iowa (IA)
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First State Bank routing number info

First State Bank - Overview

General
FDIC Certificate #: 16177
Status: Active
Federal Reserve ID: 190947
Date Established: January 01, 1934
WWW: http://www.stuartbank.com
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 4 (Domestic: 4, Interstate: No)
OTS Docket #: 9704
FDIC's unique #: 10383
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: July 31, 1944
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: 215 North Division Street, Stuart, IA 50250
County: Guthrie
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
Combined Statistical Area (CSA): Des Moines-Newton-Pella, IA (#218)
Core Based Statistical Area (CBSA): Des Moines-West Des Moines, IA (#19780)
CBSA Metro Statistical Area: Des Moines-West Des Moines, IA (#19780)
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $98.7 mil
Equity capital: $8.1 mil
Deposits held in domestic offices: $90.4 mil
Return on assets (ROA): 0.64% ($0.6 mil)
Quarterly return on assets: 1.37% ($1.4 mil)
Return on Equity (ROE): 8.02% ($0.6 mil)
Quarterly return on equity: 16.62% ($1.3 mil)
Net income: $0.6 mil
Quarterly Net income: $0.3 mil
Pretax return on assets: 0.68% ($671.2 mil)
Quarterly Pretax return on assets: 1.47% ($1,450.9 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)
$98,702Total assets
$5,254Cash and due from depository institutions
$2,048Interest-bearing balances
$34,040Securities
$800Federal funds sold & reverse repurchase agreements
$55,459Net loans & leases
$586Loan loss allowance
$0Trading account assets
$1,926Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$98,702Life insurance assets
$1,223All other assets
$90,554Total liabilities and capital
$90,426Total liabilities
$67,256Total deposits
$90,426Interest-bearing deposits
$95Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$128Subordinated debt
$8,148All other liabilities
$8,148Total equity capital
$8,148Total bank equity capital
$0Perpetual preferred stock
$249Common stock
$1,650Surplus
$6,249Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$96Income earned, not collected on loans
$0Earning assets
$866Long-term assets (5+ years)
$92,347Average Assets, year-to-date
$8,171Average Assets, quarterly
$97,492Volatile liabilities
$98,649Insider loans
$60,454FHLB advances
$98,394Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$7,794Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$8,402Restructured Loans and leases
$100Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$3,621Total interest income
$820Total interest expense
$2,801Net interest income
$180Provision for loan and lease losses
$157Total noninterest income
$0Fiduciary activities
$118Service charges on deposit accounts
$0Trading account gains & fees
$39Additional noninterest income
$2,427Total noninterest expense
$1,389Salaries and employee benefits
$455Premises and equipment expense
$583Additional noninterest expense
$351Pre-tax net operating income
$310Securities gains (losses)
$35Applicable income taxes
$626Income before extraordinary items
$0Extraordinary gains - net
$626Net income attributable to bank
$0Net charge-offs
$626Cash dividends
$289Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
3.97%Yield on earning assets
0.90%Cost of funding earning assets
3.07%Net interest margin
0.17%Noninterest income to earning assets
2.66%Noninterest expense to earning assets
0.34%Net operating income to assets
0.64%Return on assets (ROA)
0.68%Pretax return on assets
8.02%Return on equity (ROE)
8.02%Retained earnings to average equity (YTD only)
0.56%Net charge-offs to loans
62.28%Credit loss provision to net charge-offs
1.84%Efficiency ratio
82,049Assets per employee
4.29%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.05%Loss allowance to noncurrent loans
610.42%Noncurrent assets plus other real estate owned to assets
0.10%Noncurrent loans to loans
0.17%Net loans and leases to deposits
61.33%Net loans and leases to core deposits
62.48%Equity capital to assets
8.26%Core capital (leverage) ratio
7.92%Tier 1 risk-based capital ratio
12.89%Total risk-based capital ratio
Memoranda
$14Average assets
$97,492Average earning assets
$7,803Average equity
$91,289Average loans

List of branches

4 Iowa Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	10383	First State Bank	215 North Division Street, Stuart, IA 50250	January 01, 1934	Full Service Brick and Mortar
1	362898	623 South Division Branch	623 South Division, Stuart, IA 50250	June 25, 2001	Full Service Brick and Mortar
2	513835	Dexter Branch	825 Marshall Street, Dexter, IA 50070	November 01, 2010	Full Service Brick and Mortar
3	514044	Redfield Branch	917 1st Street, Redfield, IA 50233	November 15, 2010	Full Service Brick and Mortar

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

First State Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

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

First State Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

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