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

First State Bank - Overview

  • General
  • FDIC Certificate #: 5821
    Status: Active
    Federal Reserve ID: 677448
    Bank Holding Company (Regulatory Top Holder): First State Bank Holding Company (RSSDID: 1207114, Location: Lynnville, IA)
    Date Established: January 01, 1912
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 3979
    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: January 01, 1934
    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: 413 East Street, Lynnville, IA 50153
    County: Jasper
    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): Newton, IA (#35500)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $99.3 mil
    Equity capital: $10.2 mil
    Deposits held in domestic offices: $79.5 mil
    Return on assets (ROA): 1.69% ($1.7 mil)
    Quarterly return on assets: 1.86% ($1.8 mil)
    Return on Equity (ROE): 16.72% ($1.7 mil)
    Quarterly return on equity: 18.01% ($1.8 mil)
    Net income: $1.6 mil
    Quarterly Net income: $0.5 mil
    Pretax return on assets: 1.77% ($1,757.4 mil)
    Quarterly Pretax return on assets: 1.95% ($1,936.2 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
  • 15Total employees (full-time equivalent)
  • $99,290Total assets
  • $5,720Cash and due from depository institutions
  • $2,628Interest-bearing balances
  • $17,377Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $71,846Net loans & leases
  • $1,350Loan loss allowance
  • $0Trading account assets
  • $514Bank premises and fixed assets
  • $241Other real estate owned
  • $0Goodwill and other intangibles
  • $99,290Life insurance assets
  • $3,592All other assets
  • $89,054Total liabilities and capital
  • $79,486Total liabilities
  • $70,639Total deposits
  • $79,486Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 4465.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $4,949Trading liabilities
  • $0Other borrowed funds
  • $154Subordinated debt
  • $10,236All other liabilities
  • $10,236Total equity capital
  • $10,236Total bank equity capital
  • $0Perpetual preferred stock
  • $100Common stock
  • $2,300Surplus
  • $7,836Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $391Income earned, not collected on loans
  • $0Earning assets
  • $1,543Long-term assets (5+ years)
  • $91,851Average Assets, year-to-date
  • $11,964Average Assets, quarterly
  • $96,575Volatile liabilities
  • $99,009Insider loans
  • $79,750FHLB advances
  • $99,386Loans and leases held for sale
  • $1,338Unused loan commitments
  • $1,049Tier 1 (core) risk-based capital
  • $9,772Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $289Total unused commitments
  • $11,053Restructured Loans and leases
  • $898Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,117Total interest income
  • $1,254Total interest expense
  • $3,863Net interest income
  • $480Provision for loan and lease losses
  • $247Total noninterest income
  • $0Fiduciary activities
  • $118Service charges on deposit accounts
  • $0Trading account gains & fees
  • $129Additional noninterest income
  • $1,914Total noninterest expense
  • $1,106Salaries and employee benefits
  • $305Premises and equipment expense
  • $503Additional noninterest expense
  • $1,716Pre-tax net operating income
  • -$4Securities gains (losses)
  • $83Applicable income taxes
  • $1,629Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,629Net income attributable to bank
  • $0Net charge-offs
  • $1,629Cash dividends
  • $105Sale, conversion, retirement of capital stock, net
  • $710Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.72%Yield on earning assets
  • 1.40%Cost of funding earning assets
  • 4.32%Net interest margin
  • 0.28%Noninterest income to earning assets
  • 2.14%Noninterest expense to earning assets
  • 1.69%Net operating income to assets
  • 1.69%Return on assets (ROA)
  • 1.77%Pretax return on assets
  • 16.72%Return on equity (ROE)
  • 9.44%Retained earnings to average equity (YTD only)
  • 0.15%Net charge-offs to loans
  • 457.14%Credit loss provision to net charge-offs
  • 20.91%Efficiency ratio
  • 46,569Assets per employee
  • 6.62%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 43.59%Loss allowance to loans
  • 1.84%Loss allowance to noncurrent loans
  • 345.27%Noncurrent assets plus other real estate owned to assets
  • 0.69%Noncurrent loans to loans
  • 0.53%Net loans and leases to deposits
  • 90.39%Net loans and leases to core deposits
  • 98.61%Equity capital to assets
  • 10.31%Core capital (leverage) ratio
  • 9.83%Tier 1 risk-based capital ratio
  • 12.25%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $96,575Average earning assets
  • $9,740Average equity
  • $89,437Average loans

List of branches

  • 2 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    03979First State Bank413 East Street, Lynnville, IA 50153January 01, 1912Full Service Brick and Mortar
    1443027Sully Branch301 7th Avenue, Sully, IA 50251May 02, 2005Full Service Brick and Mortar

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