Houghton State Bank in Red Oak, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Houghton State Bank - Overview

  • General
  • FDIC Certificate #: 15405
    Status: Active
    Federal Reserve ID: 528241
    Bank Holding Company (Regulatory Top Holder): Lauritzen Corporation (RSSDID: 1066209, Location: Omaha, NE)
    Date Established: January 01, 1879
    WWW: http://www.houghtonstatebank.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Domestic: 5, Interstate: No)
    FDIC's unique #: 9722
    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: No
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: July 28, 1936
    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: 116 Coolbaugh Street, Red Oak, IA 51566
    County: Montgomery
    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
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $154.7 mil
    Equity capital: $16.6 mil
    Deposits held in domestic offices: $137.6 mil
    Return on assets (ROA): 1.41% ($2.2 mil)
    Quarterly return on assets: 1.31% ($2.0 mil)
    Return on Equity (ROE): 12.92% ($2.2 mil)
    Quarterly return on equity: 12.13% ($2.1 mil)
    Net income: $2.1 mil
    Quarterly Net income: $0.5 mil
    Pretax return on assets: 2.22% ($3,435.3 mil)
    Quarterly Pretax return on assets: 2.08% ($3,218.6 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
  • 31Total employees (full-time equivalent)
  • $154,742Total assets
  • $21,853Cash and due from depository institutions
  • $13,861Interest-bearing balances
  • $14,223Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $109,135Net loans & leases
  • $1,295Loan loss allowance
  • $0Trading account assets
  • $1,535Bank premises and fixed assets
  • $61Other real estate owned
  • $5,025Goodwill and other intangibles
  • $154,742Life insurance assets
  • $2,910All other assets
  • $138,101Total liabilities and capital
  • $137,631Total liabilities
  • $103,826Total deposits
  • $137,631Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $470Subordinated debt
  • $16,641All other liabilities
  • $16,641Total equity capital
  • $16,641Total bank equity capital
  • $0Perpetual preferred stock
  • $874Common stock
  • $11,941Surplus
  • $3,826Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $129Income earned, not collected on loans
  • $0Earning assets
  • $2,027Long-term assets (5+ years)
  • $137,219Average Assets, year-to-date
  • $8,149Average Assets, quarterly
  • $149,611Volatile liabilities
  • $153,688Insider loans
  • $114,776FHLB advances
  • $149,829Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $11,460Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $20,028Restructured Loans and leases
  • $14Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,227Total interest income
  • $560Total interest expense
  • $5,667Net interest income
  • $55Provision for loan and lease losses
  • $764Total noninterest income
  • $0Fiduciary activities
  • $523Service charges on deposit accounts
  • $0Trading account gains & fees
  • $241Additional noninterest income
  • $3,055Total noninterest expense
  • $1,910Salaries and employee benefits
  • $295Premises and equipment expense
  • $850Additional noninterest expense
  • $3,321Pre-tax net operating income
  • $0Securities gains (losses)
  • $1,216Applicable income taxes
  • $2,105Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,105Net income attributable to bank
  • $0Net charge-offs
  • $2,105Cash dividends
  • $79Sale, conversion, retirement of capital stock, net
  • $1,500Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.67%Yield on earning assets
  • 0.42%Cost of funding earning assets
  • 4.25%Net interest margin
  • 0.57%Noninterest income to earning assets
  • 2.29%Noninterest expense to earning assets
  • 1.41%Net operating income to assets
  • 1.41%Return on assets (ROA)
  • 2.22%Pretax return on assets
  • 12.92%Return on equity (ROE)
  • 3.71%Retained earnings to average equity (YTD only)
  • 0.08%Net charge-offs to loans
  • 69.62%Credit loss provision to net charge-offs
  • 42.73%Efficiency ratio
  • 47,504Assets per employee
  • 4.99%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 71.26%Loss allowance to loans
  • 1.17%Loss allowance to noncurrent loans
  • 1003.88%Noncurrent assets plus other real estate owned to assets
  • 0.12%Noncurrent loans to loans
  • 0.12%Net loans and leases to deposits
  • 79.30%Net loans and leases to core deposits
  • 83.30%Equity capital to assets
  • 10.75%Core capital (leverage) ratio
  • 7.65%Tier 1 risk-based capital ratio
  • 9.98%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $149,611Average earning assets
  • $16,298Average equity
  • $133,272Average 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
  • $1,951Managed Assets
  • 1Number 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
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 12Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $1,951Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $1,951Fiduciary accounts held in foreign offices

List of branches

  • 5 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    09722Houghton State Bank116 Coolbaugh Street, Red Oak, IA 51566January 01, 1879Full Service Brick and Mortar
    1233824Elliott Branch301 Main Street, Elliott, IA 51532May 11, 1936Full Service Brick and Mortar
    2233825Plaza BranchNorth Broadway, Red Oak, IA 51566May 28, 1974Full Service Brick and Mortar
    35139Cumberland BranchMain Street, Cumberland, IA 50843January 06, 1905Full Service Brick and Mortar
    45570407 Howland Avenue Branch407 Howland Avenue, Emerson, IA 51533October 06, 1903Full Service Brick and Mortar

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