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

First State Bank - Overview

  • General
  • FDIC Certificate #: 8500
    Status: Active
    Federal Reserve ID: 822846
    Bank Holding Company (Regulatory Top Holder): First State Bancshares, Inc. (RSSDID: 2592705, Location: Ida Grove, IA)
    Date Established: January 01, 1933
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Domestic: 5, Interstate: No)
    OTS Docket #: 15780
    FDIC's unique #: 5412
    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: July 08, 2008
    Last Structure Change Process Date: August 28, 2008
    Last Data Update: August 28, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 200 Moorehead Avenue, Ida Grove, IA 51445
    County: Ida
    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
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $136.4 mil
    Equity capital: $12.4 mil
    Deposits held in domestic offices: $118.6 mil
    Return on assets (ROA): 1.49% ($2.0 mil)
    Quarterly return on assets: 0.60% ($0.8 mil)
    Return on Equity (ROE): 16.85% ($2.0 mil)
    Quarterly return on equity: 6.48% ($0.8 mil)
    Net income: $1.9 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 1.56% ($2,127.5 mil)
    Quarterly Pretax return on assets: 0.65% ($886.5 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
  • 31Total employees (full-time equivalent)
  • $136,381Total assets
  • $4,208Cash and due from depository institutions
  • $256Interest-bearing balances
  • $53,251Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $74,408Net loans & leases
  • $1,246Loan loss allowance
  • $0Trading account assets
  • $1,355Bank premises and fixed assets
  • $0Other real estate owned
  • $47Goodwill and other intangibles
  • $136,381Life insurance assets
  • $3,112All other assets
  • $123,974Total liabilities and capital
  • $118,613Total liabilities
  • $102,070Total deposits
  • $118,613Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 65.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $5,000Trading liabilities
  • $0Other borrowed funds
  • $296Subordinated debt
  • $12,407All other liabilities
  • $12,407Total equity capital
  • $12,407Total bank equity capital
  • $0Perpetual preferred stock
  • $862Common stock
  • $1,623Surplus
  • $9,922Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $257Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $196Income earned, not collected on loans
  • $0Earning assets
  • $1,565Long-term assets (5+ years)
  • $127,915Average Assets, year-to-date
  • $47,009Average Assets, quarterly
  • $127,254Volatile liabilities
  • $134,512Insider loans
  • $101,899FHLB advances
  • $133,754Loans and leases held for sale
  • $711Unused loan commitments
  • $711Tier 1 (core) risk-based capital
  • $10,939Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $13,434Restructured Loans and leases
  • $1,335Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,933Total interest income
  • $1,444Total interest expense
  • $4,489Net interest income
  • $180Provision for loan and lease losses
  • $417Total noninterest income
  • $116Fiduciary activities
  • $152Service charges on deposit accounts
  • $0Trading account gains & fees
  • $149Additional noninterest income
  • $2,892Total noninterest expense
  • $1,718Salaries and employee benefits
  • $285Premises and equipment expense
  • $889Additional noninterest expense
  • $1,834Pre-tax net operating income
  • $157Securities gains (losses)
  • $96Applicable income taxes
  • $1,895Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,895Net income attributable to bank
  • $0Net charge-offs
  • $1,895Cash dividends
  • $46Sale, conversion, retirement of capital stock, net
  • $953Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.99%Yield on earning assets
  • 1.21%Cost of funding earning assets
  • 3.77%Net interest margin
  • 0.35%Noninterest income to earning assets
  • 2.43%Noninterest expense to earning assets
  • 1.37%Net operating income to assets
  • 1.49%Return on assets (ROA)
  • 1.56%Pretax return on assets
  • 16.85%Return on equity (ROE)
  • 8.38%Retained earnings to average equity (YTD only)
  • 0.06%Net charge-offs to loans
  • 391.30%Credit loss provision to net charge-offs
  • 43.78%Efficiency ratio
  • 58,948Assets per employee
  • 4.40%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 50.29%Loss allowance to loans
  • 1.65%Loss allowance to noncurrent loans
  • 635.71%Noncurrent assets plus other real estate owned to assets
  • 0.14%Noncurrent loans to loans
  • 0.26%Net loans and leases to deposits
  • 62.73%Net loans and leases to core deposits
  • 66.58%Equity capital to assets
  • 9.10%Core capital (leverage) ratio
  • 8.18%Tier 1 risk-based capital ratio
  • 10.74%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $127,254Average earning assets
  • $11,246Average equity
  • $118,919Average 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
  • $13,491Managed Assets
  • 1Number of Accounts
  • $13,350Personal trust and agency accounts
  • $13,350Employee 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
  • 31Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $141Other retirement accounts
  • $34Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $107Fiduciary accounts held in foreign offices

List of branches

  • 5 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    05412First State Bank200 Moorehead Avenue, Ida Grove, IA 51445January 01, 1933Full Service Brick and Mortar
    1218613Battle Creek Branch202-204 Second Street, Battle Creek, IA 51006June 19, 1978Full Service Brick and Mortar
    2364834Danbury Branch202-203 Main Street, Danbury, IA 51019Febuary 01, 2002Full Service Brick and Mortar
    3452960Mapleton Branch414 Main Street, Mapleton, IA 51034April 03, 2006Full Service Brick and Mortar
    49439Odebolt Branch100 South Main Street, Odebolt, IA 51458November 22, 1934Full Service Brick and Mortar

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