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

  • First State Bank of Colfax in Colfax, Iowa (IA)
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First State Bank of Colfax - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total 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
  • 11Total employees (full-time equivalent)
  • $68,337Total assets
  • $2,259Cash and due from depository institutions
  • $891Interest-bearing balances
  • $28,747Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $35,289Net loans & leases
  • $791Loan loss allowance
  • $0Trading account assets
  • $174Bank premises and fixed assets
  • $471Other real estate owned
  • $0Goodwill and other intangibles
  • $68,337Life insurance assets
  • $1,397All other assets
  • $59,227Total liabilities and capital
  • $54,388Total liabilities
  • $44,921Total deposits
  • $54,388Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $4,671Trading liabilities
  • $0Other borrowed funds
  • $168Subordinated debt
  • $9,110All other liabilities
  • $9,110Total equity capital
  • $9,110Total bank equity capital
  • $0Perpetual preferred stock
  • $200Common stock
  • $1,300Surplus
  • $7,610Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,379Income earned, not collected on loans
  • $0Earning assets
  • $932Long-term assets (5+ years)
  • $64,927Average Assets, year-to-date
  • $25,597Average Assets, quarterly
  • $67,272Volatile liabilities
  • $68,280Insider loans
  • $40,937FHLB advances
  • $69,603Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $8,598Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $6,304Restructured Loans and leases
  • $219Derivatives

Income and Expense (December 31, 2011)

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

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.50%Yield on earning assets
  • 1.30%Cost of funding earning assets
  • 4.20%Net interest margin
  • 0.22%Noninterest income to earning assets
  • 1.42%Noninterest expense to earning assets
  • 2.17%Net operating income to assets
  • 2.19%Return on assets (ROA)
  • 2.30%Pretax return on assets
  • 16.98%Return on equity (ROE)
  • 4.86%Retained earnings to average equity (YTD only)
  • 0.02%Net charge-offs to loans
  • 6000.00%Credit loss provision to net charge-offs
  • 316.50%Efficiency ratio
  • 32,179Assets per employee
  • 6.21%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 71.38%Loss allowance to loans
  • 2.19%Loss allowance to noncurrent loans
  • 33.25%Noncurrent assets plus other real estate owned to assets
  • 4.17%Noncurrent loans to loans
  • 6.59%Net loans and leases to deposits
  • 64.88%Net loans and leases to core deposits
  • 69.53%Equity capital to assets
  • 13.33%Core capital (leverage) ratio
  • 12.35%Tier 1 risk-based capital ratio
  • 21.00%Total risk-based capital ratio
  • Memoranda
  • $22Average assets
  • $67,272Average earning assets
  • $8,662Average equity
  • $63,262Average loans

List of branches

  • 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

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