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

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

First State Bank - Overview

General
FDIC Certificate #: 8522
Status: Active
Federal Reserve ID: 795249
Bank Holding Company (Regulatory Top Holder): Readlyn Bancshares, Inc. (RSSDID: 1139327, Location: Saint Paul, MN)
Date Established: November 12, 1927
WWW: http://www.fsb-britt.com
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Domestic: 2, Interstate: No)
OTS Docket #: 10333
FDIC's unique #: 5430
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: No
Asset Concentration Hierarchy: Agricultural Specialization
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: October 10, 2006
Last Structure Change Process Date: October 24, 2006
Last Data Update: October 24, 2006
Data Source Date: April 05, 2012
Location
Address: 183 Main Avenue North, Britt, IA 50423
County: Hancock
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
History of Changes
Change in Location
Financial Summary
Total assets: $93.8 mil
Equity capital: $10.6 mil
Deposits held in domestic offices: $76.9 mil
Return on assets (ROA): 1.81% ($1.7 mil)
Quarterly return on assets: 1.89% ($1.8 mil)
Return on Equity (ROE): 15.78% ($1.7 mil)
Quarterly return on equity: 16.32% ($1.8 mil)
Net income: $1.5 mil
Quarterly Net income: $0.4 mil
Pretax return on assets: 2.39% ($2,242.2 mil)
Quarterly Pretax return on assets: 2.53% ($2,373.5 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
11Total employees (full-time equivalent)
$93,815Total assets
$2,296Cash and due from depository institutions
$721Interest-bearing balances
$48,309Securities
$6,155Federal funds sold & reverse repurchase agreements
$34,467Net loans & leases
$420Loan loss allowance
$0Trading account assets
$720Bank premises and fixed assets
$241Other real estate owned
$0Goodwill and other intangibles
$93,815Life insurance assets
$1,627All other assets
$83,196Total liabilities and capital
$76,906Total liabilities
$67,271Total deposits
$76,906Interest-bearing deposits
$85Deposits held in domestic offices
1669.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$3,625Trading liabilities
$0Other borrowed funds
$996Subordinated debt
$10,619All other liabilities
$10,619Total equity capital
$10,619Total bank equity capital
$0Perpetual preferred stock
$610Common stock
$1,390Surplus
$8,619Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$643Long-term assets (5+ years)
$89,652Average Assets, year-to-date
$52,075Average Assets, quarterly
$85,461Volatile liabilities
$91,196Insider loans
$46,777FHLB advances
$91,854Loans and leases held for sale
$512Unused loan commitments
$512Tier 1 (core) risk-based capital
$9,682Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$11,097Restructured Loans and leases
$175Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$3,756Total interest income
$1,030Total interest expense
$2,726Net interest income
$18Provision for loan and lease losses
$160Total noninterest income
$0Fiduciary activities
$75Service charges on deposit accounts
$0Trading account gains & fees
$85Additional noninterest income
$951Total noninterest expense
$596Salaries and employee benefits
$68Premises and equipment expense
$287Additional noninterest expense
$1,917Pre-tax net operating income
$129Securities gains (losses)
$498Applicable income taxes
$1,548Income before extraordinary items
$0Extraordinary gains - net
$1,548Net income attributable to bank
$0Net charge-offs
$1,548Cash dividends
-$8Sale, conversion, retirement of capital stock, net
$850Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
4.60%Yield on earning assets
1.26%Cost of funding earning assets
3.34%Net interest margin
0.20%Noninterest income to earning assets
1.17%Noninterest expense to earning assets
1.70%Net operating income to assets
1.81%Return on assets (ROA)
2.39%Pretax return on assets
15.78%Return on equity (ROE)
7.12%Retained earnings to average equity (YTD only)
-0.02%Net charge-offs to loans
-225.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
32,952Assets per employee
8.53%Cash dividends to net income (YTD only)
Condition Ratios (%)
54.91%Loss allowance to loans
1.20%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.26%Noncurrent loans to loans
0.00%Net loans and leases to deposits
44.82%Net loans and leases to core deposits
50.31%Equity capital to assets
11.32%Core capital (leverage) ratio
10.54%Tier 1 risk-based capital ratio
20.70%Total risk-based capital ratio
Memoranda
$22Average assets
$85,461Average earning assets
$9,809Average equity
$81,603Average 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
$202Managed Assets
1Number of Accounts
$202Personal trust and agency accounts
$202Employee 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
27Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$0Other retirement accounts
$0Corporate trust and agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices

List of branches

2 Iowa Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type	Map
0	5430	First State Bank	183 Main Avenue North, Britt, IA 50423	November 12, 1927	Full Service Brick and Mortar
1	218626	Woden Branch	Main Street, Woden, IA 50484	June 01, 1932	Full Service Brick and Mortar

First State Bank in Britt, 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)

Total Fiduciary and Related Assets (December 31, 2011)

List of branches

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

First State Bank in Britt, 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)

Total Fiduciary and Related Assets (December 31, 2011)

List of branches

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

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