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

  • Iowa State Bank in Hull, Iowa (IA)
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Iowa State Bank - Overview

  • General
  • FDIC Certificate #: 13953
    Status: Active
    Federal Reserve ID: 982348
    Bank Holding Company (Regulatory Top Holder): Vogel Bancshares, Inc. (RSSDID: 1249703, Location: Orange City, IA)
    Date Established: January 01, 1879
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 7 (Domestic: 7, Interstate: No)
    OTS Docket #: 10826
    FDIC's unique #: 8727
    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: No
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: Febuary 20, 1934
    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: 1101 Main Street, Hull, IA 51239
    County: Sioux
    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
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $351.7 mil
    Equity capital: $35.9 mil
    Deposits held in domestic offices: $296.1 mil
    Return on assets (ROA): 1.49% ($5.2 mil)
    Quarterly return on assets: 1.47% ($5.2 mil)
    Return on Equity (ROE): 14.95% ($5.4 mil)
    Quarterly return on equity: 14.25% ($5.1 mil)
    Net income: $5.0 mil
    Quarterly Net income: $1.3 mil
    Pretax return on assets: 2.18% ($7,667.8 mil)
    Quarterly Pretax return on assets: 2.12% ($7,456.8 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
  • 78Total employees (full-time equivalent)
  • $351,736Total assets
  • $25,497Cash and due from depository institutions
  • $15,231Interest-bearing balances
  • $54,543Securities
  • $367Federal funds sold & reverse repurchase agreements
  • $256,146Net loans & leases
  • $2,958Loan loss allowance
  • $0Trading account assets
  • $3,600Bank premises and fixed assets
  • $997Other real estate owned
  • $811Goodwill and other intangibles
  • $351,736Life insurance assets
  • $9,775All other assets
  • $315,877Total liabilities and capital
  • $296,055Total liabilities
  • $247,017Total deposits
  • $296,055Interest-bearing deposits
  • $75Deposits held in domestic offices
  • 2988.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $15,800Trading liabilities
  • $0Other borrowed funds
  • $1,034Subordinated debt
  • $35,859All other liabilities
  • $35,859Total equity capital
  • $35,859Total bank equity capital
  • $0Perpetual preferred stock
  • $88Common stock
  • $5,037Surplus
  • $30,734Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $1,541Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,454Income earned, not collected on loans
  • $0Earning assets
  • $2,870Long-term assets (5+ years)
  • $326,287Average Assets, year-to-date
  • $54,234Average Assets, quarterly
  • $337,264Volatile liabilities
  • $344,812Insider loans
  • $290,752FHLB advances
  • $347,009Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $34,038Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $84,580Restructured Loans and leases
  • $804Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $15,991Total interest income
  • $3,137Total interest expense
  • $12,854Net interest income
  • $300Provision for loan and lease losses
  • $2,370Total noninterest income
  • $15Fiduciary activities
  • $623Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,732Additional noninterest income
  • $7,561Total noninterest expense
  • $4,571Salaries and employee benefits
  • $884Premises and equipment expense
  • $2,106Additional noninterest expense
  • $7,363Pre-tax net operating income
  • $0Securities gains (losses)
  • $2,346Applicable income taxes
  • $5,017Income before extraordinary items
  • $0Extraordinary gains - net
  • $5,017Net income attributable to bank
  • $0Net charge-offs
  • $5,017Cash dividends
  • $505Sale, conversion, retirement of capital stock, net
  • $1,326Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.13%Yield on earning assets
  • 1.01%Cost of funding earning assets
  • 4.12%Net interest margin
  • 0.76%Noninterest income to earning assets
  • 2.42%Noninterest expense to earning assets
  • 1.49%Net operating income to assets
  • 1.49%Return on assets (ROA)
  • 2.18%Pretax return on assets
  • 14.95%Return on equity (ROE)
  • 11.00%Retained earnings to average equity (YTD only)
  • 0.21%Net charge-offs to loans
  • 59.41%Credit loss provision to net charge-offs
  • 15.17%Efficiency ratio
  • 47,635Assets per employee
  • 4.51%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 26.43%Loss allowance to loans
  • 1.14%Loss allowance to noncurrent loans
  • 85.64%Noncurrent assets plus other real estate owned to assets
  • 1.27%Noncurrent loans to loans
  • 1.33%Net loans and leases to deposits
  • 86.52%Net loans and leases to core deposits
  • 89.33%Equity capital to assets
  • 10.19%Core capital (leverage) ratio
  • 9.81%Tier 1 risk-based capital ratio
  • 11.71%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $337,264Average earning assets
  • $33,560Average equity
  • $311,857Average 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
  • $5,699Managed Assets
  • 1Number of Accounts
  • $3,604Personal trust and agency accounts
  • $3,604Employee 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
  • 139Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $2,095Other retirement accounts
  • $832Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $1,263Fiduciary accounts held in foreign offices

List of branches

  • 7 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    08727Iowa State Bank1101 Main Street, Hull, IA 51239January 01, 1879Full Service Brick and Mortar
    1230688Orange City Main Office Branch105 Albany Avenue, Southeast, Orange City, IA 51041June 25, 1996Full Service Brick and Mortar
    38928Ireton Branch308 Main Street, Ireton, IA 51027May 01, 1915Full Service Brick and Mortar
    4231270Craig Branch305 Oak Street, Le Mars, IA 51031January 26, 1935Full Service Brick and Mortar
    6363633Sheldon Branch627 2nd Avenue, Sheldon, IA 51201January 01, 2002Full Service Brick and Mortar
    7428712Paullina Branch105 North Main, Paullina, IA 51046March 26, 2004Full Service Brick and Mortar
    10442237Sanborn Branch108 Main Street, Sanborn, IA 51248Febuary 14, 2005Full Service Brick and Mortar

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