Guthrie County State Bank in Panora, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Guthrie County State Bank in Panora, Iowa (IA)
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Guthrie County State Bank - Overview

  • General
  • FDIC Certificate #: 226
    Status: Active
    Federal Reserve ID: 969844
    Bank Holding Company (Regulatory Top Holder): Guthrie County Bancshares, Inc. (RSSDID: 1208380, Location: Guthrie Center, IA)
    Date Established: October 17, 1931
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 179
    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
  • Location
  • Address: 505 East Main Street, Panora, IA 50216
    County: Guthrie
    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): Des Moines-West Des Moines, IA (#19780)
    CBSA Metro Statistical Area: Des Moines-West Des Moines, IA (#19780)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $109.8 mil
    Equity capital: $10.1 mil
    Deposits held in domestic offices: $85.6 mil
    Return on assets (ROA): 0.96% ($1.1 mil)
    Quarterly return on assets: 0.64% ($0.7 mil)
    Return on Equity (ROE): 11.54% ($1.2 mil)
    Quarterly return on equity: 6.97% ($0.7 mil)
    Net income: $1.0 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 1.02% ($1,119.5 mil)
    Quarterly Pretax return on assets: 0.80% ($878.0 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
  • 25Total employees (full-time equivalent)
  • $109,751Total assets
  • $6,811Cash and due from depository institutions
  • $4,070Interest-bearing balances
  • $28,542Securities
  • $1,082Federal funds sold & reverse repurchase agreements
  • $66,300Net loans & leases
  • $828Loan loss allowance
  • $0Trading account assets
  • $1,368Bank premises and fixed assets
  • $1,711Other real estate owned
  • $303Goodwill and other intangibles
  • $109,751Life insurance assets
  • $3,634All other assets
  • $99,652Total liabilities and capital
  • $85,594Total liabilities
  • $72,072Total deposits
  • $85,594Interest-bearing deposits
  • $82Deposits held in domestic offices
  • 6636.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $7,110Trading liabilities
  • $0Other borrowed funds
  • $312Subordinated debt
  • $10,099All other liabilities
  • $10,099Total equity capital
  • $10,099Total bank equity capital
  • $0Perpetual preferred stock
  • $200Common stock
  • $2,675Surplus
  • $7,224Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $136Income earned, not collected on loans
  • $51Earning assets
  • $747Long-term assets (5+ years)
  • $99,994Average Assets, year-to-date
  • $47,567Average Assets, quarterly
  • $107,811Volatile liabilities
  • $109,306Insider loans
  • $70,160FHLB advances
  • $111,148Loans and leases held for sale
  • $2,050Unused loan commitments
  • $1,394Tier 1 (core) risk-based capital
  • $9,107Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $656Total unused commitments
  • $5,747Restructured Loans and leases
  • $2,215Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,398Total interest income
  • $923Total interest expense
  • $3,475Net interest income
  • $233Provision for loan and lease losses
  • $626Total noninterest income
  • $15Fiduciary activities
  • $303Service charges on deposit accounts
  • $0Trading account gains & fees
  • $308Additional noninterest income
  • $3,040Total noninterest expense
  • $1,737Salaries and employee benefits
  • $321Premises and equipment expense
  • $982Additional noninterest expense
  • $828Pre-tax net operating income
  • $270Securities gains (losses)
  • $62Applicable income taxes
  • $1,036Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,036Net income attributable to bank
  • $0Net charge-offs
  • $1,036Cash dividends
  • $463Sale, conversion, retirement of capital stock, net
  • $360Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.58%Yield on earning assets
  • 0.96%Cost of funding earning assets
  • 3.62%Net interest margin
  • 0.65%Noninterest income to earning assets
  • 3.17%Noninterest expense to earning assets
  • 0.73%Net operating income to assets
  • 0.96%Return on assets (ROA)
  • 1.02%Pretax return on assets
  • 11.54%Return on equity (ROE)
  • 7.53%Retained earnings to average equity (YTD only)
  • 0.74%Net charge-offs to loans
  • 50.32%Credit loss provision to net charge-offs
  • 2.29%Efficiency ratio
  • 74,128Assets per employee
  • 4.39%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 34.75%Loss allowance to loans
  • 1.23%Loss allowance to noncurrent loans
  • 608.82%Noncurrent assets plus other real estate owned to assets
  • 2.03%Noncurrent loans to loans
  • 0.20%Net loans and leases to deposits
  • 77.46%Net loans and leases to core deposits
  • 78.55%Equity capital to assets
  • 9.20%Core capital (leverage) ratio
  • 8.19%Tier 1 risk-based capital ratio
  • 12.98%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $107,811Average earning assets
  • $8,980Average equity
  • $96,018Average 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
  • $6,092Managed Assets
  • 1Number of Accounts
  • $6,092Personal trust and agency accounts
  • $5,879Employee 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
  • $213Non-managed Assets
  • 41Number 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

  • 2 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0179Guthrie County State Bank505 East Main Street, Panora, IA 50216October 17, 1931Full Service Brick and Mortar
    1181372Guthrie Center Branch400 State Street, Guthrie Center, IA 50115April 06, 1998Full Service Brick and Mortar

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