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



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First State Bank of Colfax routing number info

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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
WWW: http://www.fsbcolfax.com
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
Securities$28,747
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
Surplus$1,300
Undivided profits $7,610
Memoranda
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
Derivatives$219
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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
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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%
Memoranda
Average assets$22
Average earning assets$67,272
Average equity $8,662
Average loans $63,262
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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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