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

First State Bank - Overview

  • General
  • FDIC Certificate #: 16217
    Status: Active
    Federal Reserve ID: 1003549
    Bank Holding Company (Regulatory Top Holder): Delaware Service Company (RSSDID: 1200469, Location: Manchester, IA)
    Date Established: January 02, 1945
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 10416
    Numeric code: 13
    Regulator: FED
    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 02, 1945
    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: 300 East Main Street, Manchester, IA 52057
    County: Delaware
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Cedar Rapids
    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: $148.9 mil
    Equity capital: $17.7 mil
    Deposits held in domestic offices: $130.8 mil
    Return on assets (ROA): 1.33% ($2.0 mil)
    Quarterly return on assets: 1.60% ($2.4 mil)
    Return on Equity (ROE): 12.34% ($2.2 mil)
    Quarterly return on equity: 13.72% ($2.5 mil)
    Net income: $2.0 mil
    Quarterly Net income: $0.6 mil
    Pretax return on assets: 1.42% ($2,114.4 mil)
    Quarterly Pretax return on assets: 1.76% ($2,620.7 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
  • 26Total employees (full-time equivalent)
  • $148,902Total assets
  • $23,214Cash and due from depository institutions
  • $18,692Interest-bearing balances
  • $52,725Securities
  • $1,003Federal funds sold & reverse repurchase agreements
  • $69,015Net loans & leases
  • $581Loan loss allowance
  • $0Trading account assets
  • $513Bank premises and fixed assets
  • $737Other real estate owned
  • $0Goodwill and other intangibles
  • $148,902Life insurance assets
  • $1,695All other assets
  • $131,251Total liabilities and capital
  • $130,801Total liabilities
  • $111,721Total deposits
  • $130,801Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $450Subordinated debt
  • $17,651All other liabilities
  • $17,651Total equity capital
  • $17,651Total bank equity capital
  • $0Perpetual preferred stock
  • $200Common stock
  • $2,300Surplus
  • $15,151Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $528Income earned, not collected on loans
  • $0Earning assets
  • $1,140Long-term assets (5+ years)
  • $141,435Average Assets, year-to-date
  • $43,930Average Assets, quarterly
  • $147,389Volatile liabilities
  • $149,583Insider loans
  • $85,772FHLB advances
  • $149,724Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $15,916Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $5,160Restructured Loans and leases
  • $1,630Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,311Total interest income
  • $1,884Total interest expense
  • $4,427Net interest income
  • $250Provision for loan and lease losses
  • $684Total noninterest income
  • $18Fiduciary activities
  • $147Service charges on deposit accounts
  • $0Trading account gains & fees
  • $519Additional noninterest income
  • $2,904Total noninterest expense
  • $1,610Salaries and employee benefits
  • $351Premises and equipment expense
  • $943Additional noninterest expense
  • $1,957Pre-tax net operating income
  • $135Securities gains (losses)
  • $134Applicable income taxes
  • $1,958Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,958Net income attributable to bank
  • $0Net charge-offs
  • $1,958Cash dividends
  • $477Sale, conversion, retirement of capital stock, net
  • $865Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.52%Yield on earning assets
  • 1.35%Cost of funding earning assets
  • 3.17%Net interest margin
  • 0.49%Noninterest income to earning assets
  • 2.08%Noninterest expense to earning assets
  • 1.24%Net operating income to assets
  • 1.33%Return on assets (ROA)
  • 1.42%Pretax return on assets
  • 12.34%Return on equity (ROE)
  • 6.89%Retained earnings to average equity (YTD only)
  • 0.65%Net charge-offs to loans
  • 52.41%Credit loss provision to net charge-offs
  • 4.63%Efficiency ratio
  • 56,819Assets per employee
  • 5.73%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 44.18%Loss allowance to loans
  • 0.83%Loss allowance to noncurrent loans
  • 110.04%Noncurrent assets plus other real estate owned to assets
  • 0.85%Noncurrent loans to loans
  • 0.76%Net loans and leases to deposits
  • 52.76%Net loans and leases to core deposits
  • 54.57%Equity capital to assets
  • 11.85%Core capital (leverage) ratio
  • 10.63%Tier 1 risk-based capital ratio
  • 18.56%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $147,389Average earning assets
  • $15,865Average equity
  • $139,742Average 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
  • $17,896Managed Assets
  • 1Number of Accounts
  • $15,420Personal trust and agency accounts
  • $9,947Employee 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
  • $5,473Non-managed Assets
  • 100Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $2,476Other retirement accounts
  • $366Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $2,110Fiduciary accounts held in foreign offices

List of branches

  • 1 Iowa Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    010416First State Bank300 East Main Street, Manchester, IA 52057January 02, 1945Full Service Brick and Mortar

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