Iowa State Bank in Sac City, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Iowa State Bank in Sac City, Iowa (IA)
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Iowa State Bank - Overview

  • General
  • FDIC Certificate #: 10497
    Status: Active
    Federal Reserve ID: 298049
    Bank Holding Company (Regulatory Top Holder): Sac City Limited (RSSDID: 1203488, Location: Carroll, IA)
    Date Established: March 29, 1926
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 13553
    FDIC's unique #: 6717
    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: Yes
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: May 21, 2007
    Last Structure Change Process Date: June 26, 2007
    Last Data Update: June 26, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 500 Audubon Street, Sac City, IA 50583
    County: Sac
    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 Changes
  • Office Purchased
  • Financial Summary
  • Total assets: $110.6 mil
    Equity capital: $11.2 mil
    Deposits held in domestic offices: $96.2 mil
    Return on assets (ROA): 1.40% ($1.6 mil)
    Quarterly return on assets: 1.44% ($1.6 mil)
    Return on Equity (ROE): 13.91% ($1.5 mil)
    Quarterly return on equity: 14.02% ($1.5 mil)
    Net income: $1.5 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 1.47% ($1,625.8 mil)
    Quarterly Pretax return on assets: 1.52% ($1,681.1 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
  • 20Total employees (full-time equivalent)
  • $110,598Total assets
  • $8,081Cash and due from depository institutions
  • $3,530Interest-bearing balances
  • $24,147Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $74,434Net loans & leases
  • $1,178Loan loss allowance
  • $0Trading account assets
  • $823Bank premises and fixed assets
  • $0Other real estate owned
  • $1,595Goodwill and other intangibles
  • $110,598Life insurance assets
  • $1,518All other assets
  • $99,361Total liabilities and capital
  • $96,214Total liabilities
  • $84,519Total deposits
  • $96,214Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 2810.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $337Subordinated debt
  • $11,237All other liabilities
  • $11,237Total equity capital
  • $11,237Total bank equity capital
  • $0Perpetual preferred stock
  • $500Common stock
  • $4,940Surplus
  • $5,797Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,963Income earned, not collected on loans
  • $213Earning assets
  • $917Long-term assets (5+ years)
  • $102,111Average Assets, year-to-date
  • $10,027Average Assets, quarterly
  • $109,121Volatile liabilities
  • $109,250Insider loans
  • $76,664FHLB advances
  • $108,623Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $9,073Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $8,545Restructured Loans and leases
  • $179Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,706Total interest income
  • $1,112Total interest expense
  • $3,594Net interest income
  • $300Provision for loan and lease losses
  • $463Total noninterest income
  • $87Fiduciary activities
  • $160Service charges on deposit accounts
  • $0Trading account gains & fees
  • $216Additional noninterest income
  • $2,151Total noninterest expense
  • $1,122Salaries and employee benefits
  • $249Premises and equipment expense
  • $780Additional noninterest expense
  • $1,606Pre-tax net operating income
  • $0Securities gains (losses)
  • $80Applicable income taxes
  • $1,526Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,526Net income attributable to bank
  • $0Net charge-offs
  • $1,526Cash dividends
  • $187Sale, conversion, retirement of capital stock, net
  • $819Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.66%Yield on earning assets
  • 1.10%Cost of funding earning assets
  • 3.56%Net interest margin
  • 0.46%Noninterest income to earning assets
  • 2.13%Noninterest expense to earning assets
  • 1.40%Net operating income to assets
  • 1.40%Return on assets (ROA)
  • 1.47%Pretax return on assets
  • 13.91%Return on equity (ROE)
  • 6.44%Retained earnings to average equity (YTD only)
  • 0.26%Net charge-offs to loans
  • 160.43%Credit loss provision to net charge-offs
  • 10.19%Efficiency ratio
  • 50,801Assets per employee
  • 5.53%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 53.67%Loss allowance to loans
  • 1.56%Loss allowance to noncurrent loans
  • 60.01%Noncurrent assets plus other real estate owned to assets
  • 1.77%Noncurrent loans to loans
  • 2.60%Net loans and leases to deposits
  • 77.36%Net loans and leases to core deposits
  • 78.43%Equity capital to assets
  • 10.16%Core capital (leverage) ratio
  • 8.35%Tier 1 risk-based capital ratio
  • 11.83%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $109,121Average earning assets
  • $10,974Average equity
  • $100,886Average 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
  • $33,429Managed Assets
  • 1Number of Accounts
  • $33,048Personal trust and agency accounts
  • $9,735Employee 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
  • $23,313Non-managed Assets
  • 87Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $381Other retirement accounts
  • $381Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 3 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    06717Iowa State Bank500 Audubon Street, Sac City, IA 50583March 29, 1926Full Service Brick and Mortar
    2282033219 South Main Street Branch219 South Main Street, Odebolt, IA 51458January 01, 1954Full Service Brick and Mortar
    3282034Fifth At Main BranchFifth At Main, Lake View, IA 51450January 01, 1954Full Service Brick and Mortar

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