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


Glenwood State Bank - Overview

  • General
  • FDIC Certificate #: 956
    Status: Active
    Federal Reserve ID: 566243
    Bank Holding Company (Regulatory Top Holder): Glenwood Bancorporation (RSSDID: 1204421, Location: Glenwood, IA)
    Date Established: January 01, 1899
    WWW: http://www.glenwoodstatebank.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 5 (Domestic: 5, Interstate: No)
    OTS Docket #: 16057
    FDIC's unique #: 624
    Numeric code: 13
    Regulator: FED
    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: July 01, 2009
    Last Structure Change Process Date: September 10, 2009
    Last Data Update: September 10, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 32 North Walnut Street, Glenwood, IA 51534
    County: Mills
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Omaha
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Combined Statistical Area (CSA): Omaha-Council Bluffs-Fremont, NE-IA (#420)
    Core Based Statistical Area (CBSA): Omaha-Council Bluffs, NE-IA (#36540)
    CBSA Metro Statistical Area: Omaha-Council Bluffs, NE-IA (#36540)
  • History of Changes
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $149.0 mil
    Equity capital: $14.8 mil
    Deposits held in domestic offices: $134.1 mil
    Return on assets (ROA): 0.23% ($0.3 mil)
    Quarterly return on assets: -0.11% (-$0.2 mil)
    Return on Equity (ROE): 2.37% ($0.4 mil)
    Quarterly return on equity: -1.13% (-$0.2 mil)
    Net income: $0.3 mil
    Quarterly Net income: -$0.0 mil
    Pretax return on assets: 0.26% ($387.3 mil)
    Quarterly Pretax return on assets: -0.10% (-$149.0 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
  • 42Total employees (full-time equivalent)
  • $148,973Total assets
  • $36,690Cash and due from depository institutions
  • $26,290Interest-bearing balances
  • $66,042Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $37,781Net loans & leases
  • $874Loan loss allowance
  • $0Trading account assets
  • $263Bank premises and fixed assets
  • $1,997Other real estate owned
  • $0Goodwill and other intangibles
  • $148,973Life insurance assets
  • $6,200All other assets
  • $134,190Total liabilities and capital
  • $134,097Total liabilities
  • $107,522Total deposits
  • $134,097Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $93Subordinated debt
  • $14,783All other liabilities
  • $14,783Total equity capital
  • $14,783Total bank equity capital
  • $0Perpetual preferred stock
  • $100Common stock
  • $2,100Surplus
  • $12,583Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $360Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $155Income earned, not collected on loans
  • $0Earning assets
  • $798Long-term assets (5+ years)
  • $130,113Average Assets, year-to-date
  • $3,158Average Assets, quarterly
  • $147,415Volatile liabilities
  • $149,910Insider loans
  • $50,988FHLB advances
  • $151,797Loans and leases held for sale
  • $4,214Unused loan commitments
  • $4,214Tier 1 (core) risk-based capital
  • $14,339Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $7,499Restructured Loans and leases
  • $243Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,571Total interest income
  • $498Total interest expense
  • $3,073Net interest income
  • $0Provision for loan and lease losses
  • $992Total noninterest income
  • $21Fiduciary activities
  • $361Service charges on deposit accounts
  • $0Trading account gains & fees
  • $610Additional noninterest income
  • $3,704Total noninterest expense
  • $2,585Salaries and employee benefits
  • $275Premises and equipment expense
  • $844Additional noninterest expense
  • $361Pre-tax net operating income
  • $16Securities gains (losses)
  • $31Applicable income taxes
  • $346Income before extraordinary items
  • $0Extraordinary gains - net
  • $346Net income attributable to bank
  • $0Net charge-offs
  • $346Cash dividends
  • $21Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 2.82%Yield on earning assets
  • 0.39%Cost of funding earning assets
  • 2.43%Net interest margin
  • 0.78%Noninterest income to earning assets
  • 2.92%Noninterest expense to earning assets
  • 0.22%Net operating income to assets
  • 0.23%Return on assets (ROA)
  • 0.26%Pretax return on assets
  • 2.37%Return on equity (ROE)
  • 2.37%Retained earnings to average equity (YTD only)
  • 0.05%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 17.19%Efficiency ratio
  • 91,119Assets per employee
  • 3.55%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.26%Loss allowance to noncurrent loans
  • 563.87%Noncurrent assets plus other real estate owned to assets
  • 1.44%Noncurrent loans to loans
  • 0.40%Net loans and leases to deposits
  • 28.17%Net loans and leases to core deposits
  • 28.39%Equity capital to assets
  • 9.92%Core capital (leverage) ratio
  • 9.45%Tier 1 risk-based capital ratio
  • 28.12%Total risk-based capital ratio
  • Memoranda
  • $29Average assets
  • $147,415Average earning assets
  • $14,593Average equity
  • $126,681Average 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
  • $9,798Managed Assets
  • 1Number of Accounts
  • $9,094Personal trust and agency accounts
  • $9,094Employee 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
  • 32Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $704Other retirement accounts
  • $704Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 5 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0624Glenwood State Bank32 North Walnut Street, Glenwood, IA 51534January 01, 1899Full Service Brick and Mortar
    1186739Pacific Junction Branch500 Main Street, Pacific Junction, IA 51561May 08, 1972Full Service Brick and Mortar
    2186740Glenwood State Plaza Branch960 South Locust, Glenwood, IA 51534June 20, 1977Full Service Brick and Mortar
    38852Mineola Branch417 Main Street, Mineola, IA 51554January 01, 1903Full Service Brick and Mortar
    49325First State Bank BranchMain Street, Tabor, IA 51653December 18, 1925Full Service Brick and Mortar

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