First State Bank of Colfax in Colfax, Iowa (IA)

Show street view No street view available for this location

First State Bank of Colfax routing number info

Table of contents:
First State Bank of Colfax
GeneralFDIC Certificate #: 4440
Status: Active
Federal Reserve ID: 805447
Bank Holding Company (Regulatory Top Holder): Dentel Bancorporation (RSSDID: 1133615, Location: Victor, IA)
Date Established: January 01, 1933
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Domestic: 1, Interstate: No)
FDIC's unique #: 2933
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
LocationAddress: 100 North Walnut Street, Colfax, IA 50054
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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $68.3 mil
Equity capital: $9.1 mil
Deposits held in domestic offices: $54.4 mil
Return on assets (ROA): 2.19% ($1.5 mil)
Quarterly return on assets: 2.84% ($1.9 mil)
Return on Equity (ROE): 16.98% ($1.5 mil)
Quarterly return on equity: 21.58% ($1.9 mil)
Net income: $1.5 mil
Quarterly Net income: $0.5 mil
Pretax return on assets: 2.30% ($1,571.8 mil)
Quarterly Pretax return on assets: 2.89% ($1,974.9 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)
Total employees (full-time equivalent)11
Total assets$68,337
Cash and due from depository institutions$2,259
Interest-bearing balances$891
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$35,289
Loan loss allowance $791
Trading account assets$0
Bank premises and fixed assets$174
Other real estate owned$471
Goodwill and other intangibles$0
All other assets$1,397
Life insurance assets$68,337
Total liabilities and capital$59,227
Total liabilities$54,388
Total deposits$44,921
Interest-bearing deposits$54,388
Deposits held in domestic offices$94
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$4,671
Other borrowed funds $0
Subordinated debt $168
All other liabilities $9,110
Total equity capital$9,110
Total bank equity capital$9,110
Perpetual preferred stock$0
Common stock$200
Undivided profits $7,610
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $2,379
Earning assets $0
Long-term assets (5+ years) $932
Average Assets, year-to-date $64,927
Average Assets, quarterly $25,597
Volatile liabilities $67,272
Insider loans $68,280
FHLB advances $40,937
Loans and leases held for sale $69,603
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $8,598
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $6,304
Back to page top, Back to table top

Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $3,479
Total interest expense $820
Net interest income $2,659
Provision for loan and lease losses $360
Total noninterest income $141
Fiduciary activities $0
Service charges on deposit accounts $76
Trading account gains & fees $0
Additional noninterest income $65
Total noninterest expense $901
Salaries and employee benefits $571
Premises and equipment expense $32
Additional noninterest expense $298
Pre-tax net operating income $1,539
Securities gains (losses) $11
Applicable income taxes $79
Income before extraordinary items $1,471
Extraordinary gains - net $0
Net income attributable to bank $1,471
Net charge-offs $0
Cash dividends $1,471
Sale, conversion, retirement of capital stock, net $6
Net operating income $1,050
Back to page top, Back to table top

Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.50%
Cost of funding earning assets 1.30%
Net interest margin 4.20%
Noninterest income to earning assets 0.22%
Noninterest expense to earning assets 1.42%
Net operating income to assets 2.17%
Return on assets (ROA) 2.19%
Pretax return on assets 2.30%
Return on equity (ROE) 16.98%
Retained earnings to average equity (YTD only) 4.86%
Net charge-offs to loans 0.02%
Credit loss provision to net charge-offs 6000.00%
Efficiency ratio316.50%
Assets per employee$32,179
Cash dividends to net income (YTD only)6.21%
Condition Ratios (%)
Loss allowance to loans 71.38%
Loss allowance to noncurrent loans 2.19%
Noncurrent assets plus other real estate owned to assets 33.25%
Noncurrent loans to loans 4.17%
Net loans and leases to deposits6.59%
Net loans and leases to core deposits 64.88%
Equity capital to assets 69.53%
Core capital (leverage) ratio 13.33%
Tier 1 risk-based capital ratio 12.35%
Total risk-based capital ratio 21.00%
Average assets$22
Average earning assets$67,272
Average equity $8,662
Average loans $63,262
Back to page top, Back to table top

1 Iowa Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
02933First State Bank Of Colfax100 North Walnut Street, Colfax, IA 50054January 01, 1933Full Service Brick and Mortar
Back to page top

User Contributions:

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


This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with First State Bank of Colfax.
Based on public records. Inadvertent errors are possible. does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.