First Trust and Savings Bank in Wheatland, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches


First Trust and Savings Bank - Overview

  • General
  • FDIC Certificate #: 8752
    Status: Active
    Federal Reserve ID: 640442
    Bank Holding Company (Regulatory Top Holder): Wheatland Bancorporation (RSSDID: 1206014, Location: Wheatland, IA)
    Date Established: January 01, 1905
    WWW: http://www.firsttrustsavings.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 6 (Domestic: 6, Interstate: No)
    OTS Docket #: 12271
    FDIC's unique #: 5569
    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: December 14, 2007
    Last Structure Change Process Date: May 22, 2008
    Last Data Update: May 22, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 123 S. Main St., Wheatland, IA 52777
    County: Clinton
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Cedar Rapids
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Core Based Statistical Area (CBSA): Clinton, IA (#17540)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Change in Location
    Office Purchased
  • Financial Summary
  • Total assets: $123.2 mil
    Equity capital: $12.1 mil
    Deposits held in domestic offices: $105.5 mil
    Return on assets (ROA): 1.37% ($1.7 mil)
    Quarterly return on assets: 1.28% ($1.6 mil)
    Return on Equity (ROE): 14.29% ($1.7 mil)
    Quarterly return on equity: 13.35% ($1.6 mil)
    Net income: $1.6 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 1.43% ($1,761.9 mil)
    Quarterly Pretax return on assets: 1.38% ($1,700.3 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
  • 29Total employees (full-time equivalent)
  • $123,212Total assets
  • $2,610Cash and due from depository institutions
  • $64Interest-bearing balances
  • $8,308Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $107,812Net loans & leases
  • $1,161Loan loss allowance
  • $0Trading account assets
  • $913Bank premises and fixed assets
  • $0Other real estate owned
  • $403Goodwill and other intangibles
  • $123,212Life insurance assets
  • $3,166All other assets
  • $111,109Total liabilities and capital
  • $105,515Total liabilities
  • $88,099Total deposits
  • $105,515Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 1215.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $2,977Trading liabilities
  • $0Other borrowed funds
  • $1,402Subordinated debt
  • $12,103All other liabilities
  • $12,103Total equity capital
  • $12,103Total bank equity capital
  • $0Perpetual preferred stock
  • $300Common stock
  • $4,100Surplus
  • $7,703Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $632Income earned, not collected on loans
  • $0Earning assets
  • $1,457Long-term assets (5+ years)
  • $116,184Average Assets, year-to-date
  • $9,165Average Assets, quarterly
  • $120,869Volatile liabilities
  • $124,947Insider loans
  • $110,949FHLB advances
  • $124,007Loans and leases held for sale
  • $979Unused loan commitments
  • $979Tier 1 (core) risk-based capital
  • $11,529Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $25,893Restructured Loans and leases
  • $2,921Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,877Total interest income
  • $1,471Total interest expense
  • $4,406Net interest income
  • $200Provision for loan and lease losses
  • $578Total noninterest income
  • $6Fiduciary activities
  • $350Service charges on deposit accounts
  • $0Trading account gains & fees
  • $222Additional noninterest income
  • $3,051Total noninterest expense
  • $1,744Salaries and employee benefits
  • $328Premises and equipment expense
  • $979Additional noninterest expense
  • $1,733Pre-tax net operating income
  • $1Securities gains (losses)
  • $84Applicable income taxes
  • $1,650Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,650Net income attributable to bank
  • $0Net charge-offs
  • $1,650Cash dividends
  • $160Sale, conversion, retirement of capital stock, net
  • $575Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.19%Yield on earning assets
  • 1.30%Cost of funding earning assets
  • 3.89%Net interest margin
  • 0.51%Noninterest income to earning assets
  • 2.70%Noninterest expense to earning assets
  • 1.36%Net operating income to assets
  • 1.37%Return on assets (ROA)
  • 1.43%Pretax return on assets
  • 14.29%Return on equity (ROE)
  • 9.31%Retained earnings to average equity (YTD only)
  • 0.15%Net charge-offs to loans
  • 125.00%Credit loss provision to net charge-offs
  • 12.08%Efficiency ratio
  • 59,089Assets per employee
  • 4.25%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 34.85%Loss allowance to loans
  • 1.07%Loss allowance to noncurrent loans
  • 183.70%Noncurrent assets plus other real estate owned to assets
  • 0.51%Noncurrent loans to loans
  • 0.58%Net loans and leases to deposits
  • 102.18%Net loans and leases to core deposits
  • 105.14%Equity capital to assets
  • 9.82%Core capital (leverage) ratio
  • 9.30%Tier 1 risk-based capital ratio
  • 10.39%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $120,869Average earning assets
  • $11,550Average equity
  • $113,195Average 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
  • $5,430Managed Assets
  • 1Number of Accounts
  • $5,430Personal trust and agency accounts
  • $5,430Employee 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
  • 16Number 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

  • 6 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    05569First Trust And Savings Bank123 S. Main St., Wheatland, IA 52777January 01, 1905Full Service Brick and Mortar
    1218900Dixon BranchMain Street, Dixon, IA 52745January 03, 1961Full Service Brick and Mortar
    2218901Lost Nation Branch200 Long Avenue, Lost Nation, IA 52254November 04, 1944Full Service Brick and Mortar
    36979Grand Mound Branch601 Smith Street, Grand Mound, IA 52751June 23, 1926Full Service Brick and Mortar
    4223075Calamus Branch195 2nd Street, Calamus, IA 52729April 03, 1935Full Service Brick and Mortar
    5289930Donahue Branch104 1st, Donahue, IA 52746September 23, 1994Full Service Brick and Mortar

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