Green Belt Bank & Trust in Iowa Falls, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Green Belt Bank & Trust - Overview

  • General
  • FDIC Certificate #: 26760
    Status: Active
    Federal Reserve ID: 803649
    Bank Holding Company (Regulatory Top Holder): Green Belt Bancorporation (RSSDID: 1140958, Location: Iowa Falls, IA)
    Date Established: July 31, 1986
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 6 (Domestic: 6, Interstate: No)
    OTS Docket #: 13843
    FDIC's unique #: 35877
    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: July 31, 1986
    Last Structure Change Effective Date: August 14, 2010
    Last Structure Change Process Date: August 26, 2010
    Last Data Update: August 26, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 616 Washington Avenue, Iowa Falls, IA 50126
    County: Hardin
    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
  • History of Changes
  • Office Purchased
  • Financial Summary
  • Total assets: $320.7 mil
    Equity capital: $28.3 mil
    Deposits held in domestic offices: $290.9 mil
    Return on assets (ROA): 1.47% ($4.7 mil)
    Quarterly return on assets: 0.62% ($2.0 mil)
    Return on Equity (ROE): 15.96% ($4.5 mil)
    Quarterly return on equity: 6.80% ($1.9 mil)
    Net income: $4.4 mil
    Quarterly Net income: $0.5 mil
    Pretax return on assets: 1.54% ($4,939.5 mil)
    Quarterly Pretax return on assets: 0.65% ($2,084.9 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
  • 60Total employees (full-time equivalent)
  • $320,747Total assets
  • $28,343Cash and due from depository institutions
  • $23,391Interest-bearing balances
  • $27,105Securities
  • $9,725Federal funds sold & reverse repurchase agreements
  • $244,882Net loans & leases
  • $2,202Loan loss allowance
  • $0Trading account assets
  • $3,610Bank premises and fixed assets
  • $110Other real estate owned
  • $2,249Goodwill and other intangibles
  • $320,747Life insurance assets
  • $4,723All other assets
  • $292,426Total liabilities and capital
  • $290,941Total liabilities
  • $256,877Total deposits
  • $290,941Interest-bearing deposits
  • $84Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,485Subordinated debt
  • $28,321All other liabilities
  • $28,321Total equity capital
  • $28,321Total bank equity capital
  • $0Perpetual preferred stock
  • $1,300Common stock
  • $5,700Surplus
  • $21,321Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $99Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $999Income earned, not collected on loans
  • $0Earning assets
  • $2,827Long-term assets (5+ years)
  • $305,103Average Assets, year-to-date
  • $94,670Average Assets, quarterly
  • $298,619Volatile liabilities
  • $309,507Insider loans
  • $261,371FHLB advances
  • $310,207Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $25,759Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $70,396Restructured Loans and leases
  • $2,631Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $13,980Total interest income
  • $4,172Total interest expense
  • $9,808Net interest income
  • $603Provision for loan and lease losses
  • $1,629Total noninterest income
  • $34Fiduciary activities
  • $1,078Service charges on deposit accounts
  • $0Trading account gains & fees
  • $517Additional noninterest income
  • $6,238Total noninterest expense
  • $3,608Salaries and employee benefits
  • $811Premises and equipment expense
  • $1,819Additional noninterest expense
  • $4,596Pre-tax net operating income
  • $0Securities gains (losses)
  • $207Applicable income taxes
  • $4,389Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,389Net income attributable to bank
  • $0Net charge-offs
  • $4,389Cash dividends
  • $227Sale, conversion, retirement of capital stock, net
  • $2,300Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.92%Yield on earning assets
  • 1.47%Cost of funding earning assets
  • 3.45%Net interest margin
  • 0.57%Noninterest income to earning assets
  • 2.20%Noninterest expense to earning assets
  • 1.47%Net operating income to assets
  • 1.47%Return on assets (ROA)
  • 1.54%Pretax return on assets
  • 15.96%Return on equity (ROE)
  • 7.60%Retained earnings to average equity (YTD only)
  • 0.10%Net charge-offs to loans
  • 265.64%Credit loss provision to net charge-offs
  • 22.90%Efficiency ratio
  • 54,254Assets per employee
  • 5.35%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 52.40%Loss allowance to loans
  • 0.89%Loss allowance to noncurrent loans
  • 220.42%Noncurrent assets plus other real estate owned to assets
  • 0.35%Noncurrent loans to loans
  • 0.40%Net loans and leases to deposits
  • 84.17%Net loans and leases to core deposits
  • 92.03%Equity capital to assets
  • 8.83%Core capital (leverage) ratio
  • 8.30%Tier 1 risk-based capital ratio
  • 9.86%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $298,619Average earning assets
  • $27,504Average equity
  • $284,020Average 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
  • $17,278Managed Assets
  • 1Number of Accounts
  • $17,216Personal trust and agency accounts
  • $16,526Employee benefit-defined contribution accounts
  • $690Employee 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
  • 33Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $62Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $62Fiduciary accounts held in foreign offices

List of branches

  • 6 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    035877Green Belt Bank & Trust616 Washington Avenue, Iowa Falls, IA 50126July 31, 1986Full Service Brick and Mortar
    3233253Parking Lot Branch615 Estes Street, Iowa Falls, IA 50126January 25, 1965Limited Service Facility
    4364080Ackley Branch419 Sherman Avenue, Ackley, IA 50601September 04, 2001Full Service Brick and Mortar
    5364179Ashbrook Branch1121 Fremont Street, Iowa Falls, IA 50126June 12, 2002Limited Service Mobile
    6423019Grundy Center Branch508 G Avenue, Grundy Center, IA 50638October 30, 2000Full Service Brick and Mortar
    7445917Eldora Branch1509 Edgington Avenue, Eldora, IA 50627June 27, 2005Full Service Brick and Mortar

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