Houghton State Bank in city_name, state_name - Detailed Financial Reports, Location

Houghton State Bank in Red Oak, Iowa (IA)
Show street view No street view available for this location

Houghton State Bank routing number info

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

No	ID	Name	Address	Established	Service Type
0	9722	Houghton State Bank	116 Coolbaugh Street, Red Oak, IA 51566	January 01, 1879	Full Service Brick and Mortar
1	233824	Elliott Branch	301 Main Street, Elliott, IA 51532	May 11, 1936	Full Service Brick and Mortar
2	233825	Plaza Branch	North Broadway, Red Oak, IA 51566	May 28, 1974	Full Service Brick and Mortar
3	5139	Cumberland Branch	Main Street, Cumberland, IA 50843	January 06, 1905	Full Service Brick and Mortar
4	5570	407 Howland Avenue Branch	407 Howland Avenue, Emerson, IA 51533	October 06, 1903	Full Service Brick and Mortar

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

Houghton State Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Total Fiduciary and Related Assets (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

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

Houghton State Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Total Fiduciary and Related Assets (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

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