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

Iowa State Bank - Overview

  • General
  • FDIC Certificate #: 14291
    Status: Active
    Federal Reserve ID: 952846
    Bank Holding Company (Regulatory Top Holder): Morning Sun Bank Corp. (RSSDID: 1205156, Location: Morning Sun, IA)
    Date Established: Febuary 13, 1931
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 4 (Domestic: 4, Interstate: No)
    OTS Docket #: 12142
    FDIC's unique #: 8927
    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: April 25, 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: 409 Hwy 61 S, Wapello, IA 52653
    County: Louisa
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Cedar Rapids
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Core Based Statistical Area (CBSA): Muscatine, IA (#34700)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Change in Location
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $75.6 mil
    Equity capital: $9.4 mil
    Deposits held in domestic offices: $60.6 mil
    Return on assets (ROA): 0.33% ($0.3 mil)
    Quarterly return on assets: 1.11% ($0.8 mil)
    Return on Equity (ROE): 2.81% ($0.3 mil)
    Quarterly return on equity: 9.11% ($0.8 mil)
    Net income: $0.3 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.35% ($264.5 mil)
    Quarterly Pretax return on assets: 1.11% ($838.8 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
  • 23Total employees (full-time equivalent)
  • $75,572Total assets
  • $11,739Cash and due from depository institutions
  • $7,925Interest-bearing balances
  • $805Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $56,102Net loans & leases
  • $945Loan loss allowance
  • $0Trading account assets
  • $3,775Bank premises and fixed assets
  • $913Other real estate owned
  • $0Goodwill and other intangibles
  • $75,572Life insurance assets
  • $2,238All other assets
  • $66,206Total liabilities and capital
  • $60,591Total liabilities
  • $51,153Total deposits
  • $60,591Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $5,383Trading liabilities
  • $0Other borrowed funds
  • $232Subordinated debt
  • $9,366All other liabilities
  • $9,366Total equity capital
  • $9,366Total bank equity capital
  • $0Perpetual preferred stock
  • $100Common stock
  • $6,900Surplus
  • $2,366Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,442Income earned, not collected on loans
  • $1,498Earning assets
  • $593Long-term assets (5+ years)
  • $64,832Average Assets, year-to-date
  • $4,466Average Assets, quarterly
  • $78,397Volatile liabilities
  • $76,194Insider loans
  • $60,785FHLB advances
  • $75,473Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $9,366Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $6,937Restructured Loans and leases
  • $21Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,177Total interest income
  • $962Total interest expense
  • $2,215Net interest income
  • $337Provision for loan and lease losses
  • $466Total noninterest income
  • $0Fiduciary activities
  • $158Service charges on deposit accounts
  • $0Trading account gains & fees
  • $308Additional noninterest income
  • $2,069Total noninterest expense
  • $1,059Salaries and employee benefits
  • $487Premises and equipment expense
  • $523Additional noninterest expense
  • $275Pre-tax net operating income
  • $0Securities gains (losses)
  • $19Applicable income taxes
  • $256Income before extraordinary items
  • $0Extraordinary gains - net
  • $256Net income attributable to bank
  • $0Net charge-offs
  • $256Cash dividends
  • $948Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.79%Yield on earning assets
  • 1.45%Cost of funding earning assets
  • 3.34%Net interest margin
  • 0.70%Noninterest income to earning assets
  • 3.12%Noninterest expense to earning assets
  • 0.33%Net operating income to assets
  • 0.33%Return on assets (ROA)
  • 0.35%Pretax return on assets
  • 2.81%Return on equity (ROE)
  • 2.81%Retained earnings to average equity (YTD only)
  • 1.68%Net charge-offs to loans
  • 35.55%Credit loss provision to net charge-offs
  • 0.65%Efficiency ratio
  • 77,173Assets per employee
  • 3.29%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.66%Loss allowance to noncurrent loans
  • 27.45%Noncurrent assets plus other real estate owned to assets
  • 5.76%Noncurrent loans to loans
  • 6.03%Net loans and leases to deposits
  • 92.59%Net loans and leases to core deposits
  • 99.47%Equity capital to assets
  • 12.39%Core capital (leverage) ratio
  • 12.41%Tier 1 risk-based capital ratio
  • 15.41%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $78,397Average earning assets
  • $9,098Average equity
  • $66,380Average loans

List of branches

  • 4 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    08927Iowa State Bank409 Hwy 61 S, Wapello, IA 52653Febuary 13, 1931Full Service Brick and Mortar
    1231268Mount Union BranchMain Street, Mount Union, IA 52644August 24, 1940Full Service Brick and Mortar
    2231269Morning Sun BranchMain Street And Highway 78, Morning Sun, IA 52640October 01, 1987Full Service Brick and Mortar
    3465862Burlington Branch1403 S. Rooselvelt, Burlington, IA 52601Febuary 23, 2007Full Service Brick and Mortar

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