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

  • Iowa State Bank in Des Moines, Iowa (IA)
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Iowa State Bank - Overview

  • General
  • FDIC Certificate #: 15808
    Status: Active
    Federal Reserve ID: 662949
    Bank Holding Company (Regulatory Top Holder): Iowa State Bank Holding Company (RSSDID: 1139792, Location: Des Moines, IA)
    Date Established: April 14, 1941
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Domestic: 5, Interstate: No)
    OTS Docket #: 11933
    FDIC's unique #: 10052
    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: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: April 14, 1941
    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: East 7th And Locust Streets, Des Moines, IA 50309
    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: $311.1 mil
    Equity capital: $42.6 mil
    Deposits held in domestic offices: $262.2 mil
    Return on assets (ROA): 2.10% ($6.5 mil)
    Quarterly return on assets: 2.37% ($7.4 mil)
    Return on Equity (ROE): 15.15% ($6.5 mil)
    Quarterly return on equity: 16.91% ($7.3 mil)
    Net income: $6.3 mil
    Quarterly Net income: $1.8 mil
    Pretax return on assets: 2.21% ($6,875.3 mil)
    Quarterly Pretax return on assets: 2.50% ($7,777.5 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
  • 67Total employees (full-time equivalent)
  • $311,099Total assets
  • $26,894Cash and due from depository institutions
  • $20,141Interest-bearing balances
  • $139,179Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $133,738Net loans & leases
  • $2,876Loan loss allowance
  • $0Trading account assets
  • $6,407Bank premises and fixed assets
  • $1,917Other real estate owned
  • $0Goodwill and other intangibles
  • $311,099Life insurance assets
  • $2,964All other assets
  • $268,457Total liabilities and capital
  • $262,176Total liabilities
  • $206,809Total deposits
  • $262,176Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 4748.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,533Subordinated debt
  • $42,642All other liabilities
  • $42,642Total equity capital
  • $42,642Total bank equity capital
  • $0Perpetual preferred stock
  • $800Common stock
  • $6,700Surplus
  • $35,142Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,743Income earned, not collected on loans
  • $107Earning assets
  • $1,477Long-term assets (5+ years)
  • $293,058Average Assets, year-to-date
  • $90,673Average Assets, quarterly
  • $298,766Volatile liabilities
  • $307,123Insider loans
  • $171,099FHLB advances
  • $306,095Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $38,454Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $23,339Restructured Loans and leases
  • $5,103Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $11,917Total interest income
  • $1,227Total interest expense
  • $10,690Net interest income
  • $275Provision for loan and lease losses
  • $4,522Total noninterest income
  • $2,627Fiduciary activities
  • $689Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,206Additional noninterest income
  • $8,445Total noninterest expense
  • $4,895Salaries and employee benefits
  • $1,355Premises and equipment expense
  • $2,195Additional noninterest expense
  • $6,492Pre-tax net operating income
  • $105Securities gains (losses)
  • $330Applicable income taxes
  • $6,267Income before extraordinary items
  • $0Extraordinary gains - net
  • $6,267Net income attributable to bank
  • $0Net charge-offs
  • $6,267Cash dividends
  • $290Sale, conversion, retirement of capital stock, net
  • $5,500Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.22%Yield on earning assets
  • 0.43%Cost of funding earning assets
  • 3.79%Net interest margin
  • 1.60%Noninterest income to earning assets
  • 2.99%Noninterest expense to earning assets
  • 2.06%Net operating income to assets
  • 2.10%Return on assets (ROA)
  • 2.21%Pretax return on assets
  • 15.15%Return on equity (ROE)
  • 1.85%Retained earnings to average equity (YTD only)
  • 0.21%Net charge-offs to loans
  • 94.83%Credit loss provision to net charge-offs
  • 23.33%Efficiency ratio
  • 55,515Assets per employee
  • 4.64%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 87.76%Loss allowance to loans
  • 2.11%Loss allowance to noncurrent loans
  • 76.84%Noncurrent assets plus other real estate owned to assets
  • 1.82%Noncurrent loans to loans
  • 2.74%Net loans and leases to deposits
  • 51.01%Net loans and leases to core deposits
  • 52.56%Equity capital to assets
  • 13.71%Core capital (leverage) ratio
  • 12.56%Tier 1 risk-based capital ratio
  • 22.47%Total risk-based capital ratio
  • Memoranda
  • $24Average assets
  • $298,766Average earning assets
  • $41,378Average equity
  • $282,190Average 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
  • $541,509Managed Assets
  • 1Number of Accounts
  • $448,241Personal trust and agency accounts
  • $259,416Employee benefit-defined contribution accounts
  • $15,963Employee benefit-defined benefit accounts
  • $33,355Other retirement accounts
  • $52,067Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $78,098Other fiduciary accounts
  • $9,342Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 639Number of Accounts
  • $0Personal trust and agency accounts
  • $34,677Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $93,268Other retirement accounts
  • $9,128Corporate trust and agency accounts
  • $3,259Other fiduciary accounts
  • $436Fiduciary accounts held in foreign offices

List of branches

  • 5 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    010052Iowa State BankEast 7th And Locust Streets, Des Moines, IA 50309April 14, 1941Full Service Brick and Mortar
    1235528Hubbell Avenue Branch3818-3830 Avenue F. M. Hubbell, Des Moines, IA 50316May 14, 1973Full Service Brick and Mortar
    2235529Ninth Street Branch6410 S.W. Ninth Street, Des Moines, IA 50315December 08, 1975Full Service Brick and Mortar
    4235531West Des Moines Branch3601 E.P. True Parkway, West Des Moines, IA 50265November 07, 1994Full Service Brick and Mortar
    5450662Hickman Office2301 128th Street, Urbandale, IA 50322March 15, 2006Full Service Brick and Mortar

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