FDIC Certificate #: 34619 Status: Active Federal Reserve ID: 2774707 Date Established: January 01, 2000 Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 60842 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: No Asset Concentration Hierarchy: Other Specialized Lending < 1 Billion Date of Deposit Insurance: January 01, 2000 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: 6700 Pioneer Parkway, Johnston, IA 50131 County: Polk 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 Metropolitan Statistical Area (MSA): Des Moines, IA (#2120) 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: $5.5 mil Equity capital: $5.0 mil Deposits held in domestic offices: $0.5 mil Return on assets (ROA): 2.92% ($0.1 mil) Quarterly return on assets: 3.07% ($0.2 mil) Return on Equity (ROE): 3.23% ($0.2 mil) Quarterly return on equity: 3.39% ($0.2 mil) Net income: $0.2 mil Quarterly Net income: $0.0 mil Pretax return on assets: 4.47% ($245.5 mil) Quarterly Pretax return on assets: 4.97% ($273.0 mil)
2000 - 2011 Historical total assets, liabilities and capital ($ 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
1Total employees (full-time equivalent)
$5,492Total assets
$826Cash and due from depository institutions
$700Interest-bearing balances
$4,582Securities
$0Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$0Loan loss allowance
$0Trading account assets
$0Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$5,492Life insurance assets
$84All other assets
$518Total liabilities and capital
$500Total liabilities
$500Total deposits
$500Interest-bearing deposits
$70Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$18Subordinated debt
$4,974All other liabilities
$4,974Total equity capital
$4,974Total bank equity capital
$1,420Perpetual preferred stock
$50Common stock
$450Surplus
$3,054Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$58Long-term assets (5+ years)
$5,282Average Assets, year-to-date
$0Average Assets, quarterly
$5,419Volatile liabilities
$5,474Insider loans
$1,163FHLB advances
$5,490Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$4,965Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$0Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$97Total interest income
$5Total interest expense
$92Net interest income
$0Provision for loan and lease losses
$253Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$253Additional noninterest income
$103Total noninterest expense
$0Salaries and employee benefits
$0Premises and equipment expense
$103Additional noninterest expense
$242Pre-tax net operating income
$0Securities gains (losses)
$84Applicable income taxes
$158Income before extraordinary items
$0Extraordinary gains - net
$158Net income attributable to bank
$0Net charge-offs
$158Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
2.04%Yield on earning assets
0.11%Cost of funding earning assets
1.94%Net interest margin
5.33%Noninterest income to earning assets
2.17%Noninterest expense to earning assets
2.92%Net operating income to assets
2.92%Return on assets (ROA)
4.47%Pretax return on assets
3.23%Return on equity (ROE)
3.23%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
29,855Assets per employee
5.49%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.00%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
0.00%Net loans and leases to core deposits
0.00%Equity capital to assets
90.57%Core capital (leverage) ratio
90.44%Tier 1 risk-based capital ratio
426.91%Total risk-based capital ratio
Memoranda
$427Average assets
$5,419Average earning assets
$4,896Average equity
$4,750Average loans
List of branches
1 Iowa Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
60842
Its Bank
6700 Pioneer Parkway, Johnston, IA 50131
January 01, 2000
Full Service Brick and Mortar
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with ITS Bank.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: