Iowa Prairie Bank in Brunsville, Iowa (IA)



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Iowa Prairie Bank routing number info

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Iowa Prairie Bank
GeneralFDIC Certificate #: 17347
Status: Active
Federal Reserve ID: 180443
Bank Holding Company (Regulatory Top Holder): Prairie View Bankshares, Inc. (RSSDID: 1131273, Location: Brunsville, IA)
Date Established: January 01, 1929
WWW: http://www.iowapb.com
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 3 (Domestic: 3, Interstate: No)
OTS Docket #: 12695
FDIC's unique #: 11357
Numeric code: 13
Regulator: FED
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: July 29, 1954
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: 302 Oak Street, Brunsville, IA 51008
County: Plymouth
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Sioux City
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: $64.9 mil
Equity capital: $6.0 mil
Deposits held in domestic offices: $54.3 mil
Return on assets (ROA): 0.93% ($0.6 mil)
Quarterly return on assets: 0.62% ($0.4 mil)
Return on Equity (ROE): 10.64% ($0.6 mil)
Quarterly return on equity: 6.67% ($0.4 mil)
Net income: $0.6 mil
Quarterly Net income: $0.1 mil
Pretax return on assets: 0.97% ($629.3 mil)
Quarterly Pretax return on assets: 0.69% ($447.6 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)15
Total assets$64,874
Cash and due from depository institutions$4,647
Interest-bearing balances$1,200
Securities$25,338
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$33,255
Loan loss allowance $569
Trading account assets$0
Bank premises and fixed assets$293
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$1,341
Life insurance assets$64,874
Total liabilities and capital$58,906
Total liabilities$54,264
Total deposits$45,008
Interest-bearing deposits$54,264
Deposits held in domestic offices$87
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$4,529
Other borrowed funds $0
Subordinated debt $113
All other liabilities $5,968
Total equity capital$5,968
Total bank equity capital$5,968
Perpetual preferred stock$0
Common stock$600
Surplus$1,950
Undivided profits $3,418
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 $604
Earning assets $0
Long-term assets (5+ years) $499
Average Assets, year-to-date $59,793
Average Assets, quarterly $16,515
Volatile liabilities $63,390
Insider loans $63,482
FHLB advances $38,601
Loans and leases held for sale $63,960
Unused loan commitments $323
Tier 1 (core) risk-based capital $323
Tier 2 risk-based capital $5,183
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $11,026
Derivatives$0
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $2,661
Total interest expense $556
Net interest income $2,105
Provision for loan and lease losses $0
Total noninterest income $192
Fiduciary activities $1
Service charges on deposit accounts $109
Trading account gains & fees $0
Additional noninterest income $82
Total noninterest expense $1,683
Salaries and employee benefits $873
Premises and equipment expense $88
Additional noninterest expense $722
Pre-tax net operating income $614
Securities gains (losses) $2
Applicable income taxes $27
Income before extraordinary items $589
Extraordinary gains - net $0
Net income attributable to bank $589
Net charge-offs $0
Cash dividends $589
Sale, conversion, retirement of capital stock, net $11
Net operating income $317
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.46%
Cost of funding earning assets 0.93%
Net interest margin 3.52%
Noninterest income to earning assets 0.32%
Noninterest expense to earning assets 2.82%
Net operating income to assets 0.93%
Return on assets (ROA) 0.93%
Pretax return on assets 0.97%
Return on equity (ROE) 10.64%
Retained earnings to average equity (YTD only) 4.91%
Net charge-offs to loans 0.03%
Credit loss provision to net charge-offs 0.00%
Efficiency ratio55.82%
Assets per employee$73,269
Cash dividends to net income (YTD only)4.32%
Condition Ratios (%)
Loss allowance to loans 53.82%
Loss allowance to noncurrent loans 1.68%
Noncurrent assets plus other real estate owned to assets 94.21%
Noncurrent loans to loans 0.93%
Net loans and leases to deposits1.79%
Net loans and leases to core deposits 61.28%
Equity capital to assets 63.32%
Core capital (leverage) ratio 9.20%
Tier 1 risk-based capital ratio 8.10%
Total risk-based capital ratio 13.43%
Memoranda
Average assets$15
Average earning assets$63,390
Average equity $5,537
Average loans $59,730
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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$314
Number of Accounts1
Personal trust and agency accounts$201
Employee benefit-defined contribution accounts$201
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 Accounts13
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$113
Corporate trust and agency accounts$113
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
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3 Iowa Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
011357Iowa Prairie Bank302 Oak Street, Brunsville, IA 51008January 01, 1929Full Service Brick and Mortar
111013Merrill Branch201 Main Street, Merrill, IA 51038December 01, 1923Full Service Brick and Mortar
2239552Hinton Branch325 Floyd Avenue, Hinton, IA 51024March 05, 1957Full Service Brick and Mortar
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