Houghton State Bank in Red Oak, Iowa (IA)



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Houghton State Bank routing number info

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Houghton State Bank
GeneralFDIC 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
LocationAddress: 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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)31
Total assets$154,742
Cash and due from depository institutions$21,853
Interest-bearing balances$13,861
Securities$14,223
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$109,135
Loan loss allowance $1,295
Trading account assets$0
Bank premises and fixed assets$1,535
Other real estate owned$61
Goodwill and other intangibles$5,025
All other assets$2,910
Life insurance assets$154,742
Total liabilities and capital$138,101
Total liabilities$137,631
Total deposits$103,826
Interest-bearing deposits$137,631
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 $470
All other liabilities $16,641
Total equity capital$16,641
Total bank equity capital$16,641
Perpetual preferred stock$0
Common stock$874
Surplus$11,941
Undivided profits $3,826
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $129
Earning assets $0
Long-term assets (5+ years) $2,027
Average Assets, year-to-date $137,219
Average Assets, quarterly $8,149
Volatile liabilities $149,611
Insider loans $153,688
FHLB advances $114,776
Loans and leases held for sale $149,829
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $11,460
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $20,028
Derivatives$14
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $6,227
Total interest expense $560
Net interest income $5,667
Provision for loan and lease losses $55
Total noninterest income $764
Fiduciary activities $0
Service charges on deposit accounts $523
Trading account gains & fees $0
Additional noninterest income $241
Total noninterest expense $3,055
Salaries and employee benefits $1,910
Premises and equipment expense $295
Additional noninterest expense $850
Pre-tax net operating income $3,321
Securities gains (losses) $0
Applicable income taxes $1,216
Income before extraordinary items $2,105
Extraordinary gains - net $0
Net income attributable to bank $2,105
Net charge-offs $0
Cash dividends $2,105
Sale, conversion, retirement of capital stock, net $79
Net operating income $1,500
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.67%
Cost of funding earning assets 0.42%
Net interest margin 4.25%
Noninterest income to earning assets 0.57%
Noninterest expense to earning assets 2.29%
Net operating income to assets 1.41%
Return on assets (ROA) 1.41%
Pretax return on assets 2.22%
Return on equity (ROE) 12.92%
Retained earnings to average equity (YTD only) 3.71%
Net charge-offs to loans 0.08%
Credit loss provision to net charge-offs 69.62%
Efficiency ratio42.73%
Assets per employee$47,504
Cash dividends to net income (YTD only)4.99%
Condition Ratios (%)
Loss allowance to loans 71.26%
Loss allowance to noncurrent loans 1.17%
Noncurrent assets plus other real estate owned to assets 1003.88%
Noncurrent loans to loans 0.12%
Net loans and leases to deposits0.12%
Net loans and leases to core deposits 79.30%
Equity capital to assets 83.30%
Core capital (leverage) ratio 10.75%
Tier 1 risk-based capital ratio 7.65%
Total risk-based capital ratio 9.98%
Memoranda
Average assets$11
Average earning assets$149,611
Average equity $16,298
Average loans $133,272
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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$1,951
Number of Accounts1
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
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 Accounts12
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$1,951
Corporate trust and agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$1,951
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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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