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


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
  • NoIDNameAddressEstablishedService TypeMap
    010383First State Bank215 North Division Street, Stuart, IA 50250January 01, 1934Full Service Brick and Mortar
    1362898623 South Division Branch623 South Division, Stuart, IA 50250June 25, 2001Full Service Brick and Mortar
    2513835Dexter Branch825 Marshall Street, Dexter, IA 50070November 01, 2010Full Service Brick and Mortar
    3514044Redfield Branch917 1st Street, Redfield, IA 50233November 15, 2010Full Service Brick and Mortar

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