Glenwood State Bank in Glenwood, Iowa (IA)



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Glenwood State Bank routing number info

Table of contents:
Glenwood State Bank
GeneralFDIC 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
LocationAddress: 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 ChangesParticipated in Absorption/Consolidation/Merger
Financial SummaryTotal 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)
Total employees (full-time equivalent)42
Total assets$148,973
Cash and due from depository institutions$36,690
Interest-bearing balances$26,290
Securities$66,042
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$37,781
Loan loss allowance $874
Trading account assets$0
Bank premises and fixed assets$263
Other real estate owned$1,997
Goodwill and other intangibles$0
All other assets$6,200
Life insurance assets$148,973
Total liabilities and capital$134,190
Total liabilities$134,097
Total deposits$107,522
Interest-bearing deposits$134,097
Deposits held in domestic offices$90
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $93
All other liabilities $14,783
Total equity capital$14,783
Total bank equity capital$14,783
Perpetual preferred stock$0
Common stock$100
Surplus$2,100
Undivided profits $12,583
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $360
Income earned, not collected on loans $155
Earning assets $0
Long-term assets (5+ years) $798
Average Assets, year-to-date $130,113
Average Assets, quarterly $3,158
Volatile liabilities $147,415
Insider loans $149,910
FHLB advances $50,988
Loans and leases held for sale $151,797
Unused loan commitments $4,214
Tier 1 (core) risk-based capital $4,214
Tier 2 risk-based capital $14,339
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $7,499
Derivatives$243
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $3,571
Total interest expense $498
Net interest income $3,073
Provision for loan and lease losses $0
Total noninterest income $992
Fiduciary activities $21
Service charges on deposit accounts $361
Trading account gains & fees $0
Additional noninterest income $610
Total noninterest expense $3,704
Salaries and employee benefits $2,585
Premises and equipment expense $275
Additional noninterest expense $844
Pre-tax net operating income $361
Securities gains (losses) $16
Applicable income taxes $31
Income before extraordinary items $346
Extraordinary gains - net $0
Net income attributable to bank $346
Net charge-offs $0
Cash dividends $346
Sale, conversion, retirement of capital stock, net $21
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets2.82%
Cost of funding earning assets 0.39%
Net interest margin 2.43%
Noninterest income to earning assets 0.78%
Noninterest expense to earning assets 2.92%
Net operating income to assets 0.22%
Return on assets (ROA) 0.23%
Pretax return on assets 0.26%
Return on equity (ROE) 2.37%
Retained earnings to average equity (YTD only) 2.37%
Net charge-offs to loans 0.05%
Credit loss provision to net charge-offs 0.00%
Efficiency ratio17.19%
Assets per employee$91,119
Cash dividends to net income (YTD only)3.55%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 2.26%
Noncurrent assets plus other real estate owned to assets 563.87%
Noncurrent loans to loans 1.44%
Net loans and leases to deposits0.40%
Net loans and leases to core deposits 28.17%
Equity capital to assets 28.39%
Core capital (leverage) ratio 9.92%
Tier 1 risk-based capital ratio 9.45%
Total risk-based capital ratio 28.12%
Memoranda
Average assets$29
Average earning assets$147,415
Average equity $14,593
Average loans $126,681
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Total Fiduciary and Related Assets (December 31, 2011)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$9,798
Number of Accounts1
Personal trust and agency accounts$9,094
Employee benefit-defined contribution accounts$9,094
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$0
Investment management agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts32
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$704
Corporate trust and agency accounts$704
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
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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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