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

Iowa State Bank - Overview

  • General
  • FDIC Certificate #: 15947
    Status: Active
    Federal Reserve ID: 865142
    Bank Holding Company (Regulatory Top Holder): Clarkel, Inc. (RSSDID: 1209798, Location: Kesley, IA)
    Date Established: January 01, 1918
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 10178
    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: May 27, 1943
    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: 100 North Main Street, Clarksville, IA 50619
    County: Butler
    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
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $202.3 mil
    Equity capital: $16.7 mil
    Deposits held in domestic offices: $182.1 mil
    Return on assets (ROA): 0.62% ($1.3 mil)
    Quarterly return on assets: 2.16% ($4.4 mil)
    Return on Equity (ROE): 8.74% ($1.5 mil)
    Quarterly return on equity: 26.98% ($4.6 mil)
    Net income: $1.3 mil
    Quarterly Net income: $1.1 mil
    Pretax return on assets: 0.66% ($1,335.2 mil)
    Quarterly Pretax return on assets: 2.16% ($4,369.8 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
  • 28Total employees (full-time equivalent)
  • $202,307Total assets
  • $4,312Cash and due from depository institutions
  • $3,181Interest-bearing balances
  • $56,398Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $133,019Net loans & leases
  • $1,969Loan loss allowance
  • $0Trading account assets
  • $1,006Bank premises and fixed assets
  • $1,401Other real estate owned
  • $0Goodwill and other intangibles
  • $202,307Life insurance assets
  • $6,171All other assets
  • $185,650Total liabilities and capital
  • $182,122Total liabilities
  • $163,110Total deposits
  • $182,122Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 2805.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $183Trading liabilities
  • $0Other borrowed funds
  • $540Subordinated debt
  • $16,657All other liabilities
  • $16,657Total equity capital
  • $16,657Total bank equity capital
  • $0Perpetual preferred stock
  • $100Common stock
  • $6,100Surplus
  • $10,457Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $532Income earned, not collected on loans
  • $175Earning assets
  • $1,730Long-term assets (5+ years)
  • $192,598Average Assets, year-to-date
  • $17,874Average Assets, quarterly
  • $210,855Volatile liabilities
  • $204,018Insider loans
  • $156,530FHLB advances
  • $203,233Loans and leases held for sale
  • $3,700Unused loan commitments
  • $3,700Tier 1 (core) risk-based capital
  • $16,392Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $35,473Restructured Loans and leases
  • $123Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $9,511Total interest income
  • $2,883Total interest expense
  • $6,628Net interest income
  • $341Provision for loan and lease losses
  • $892Total noninterest income
  • $0Fiduciary activities
  • $148Service charges on deposit accounts
  • $0Trading account gains & fees
  • $744Additional noninterest income
  • $5,851Total noninterest expense
  • $1,819Salaries and employee benefits
  • $377Premises and equipment expense
  • $3,655Additional noninterest expense
  • $1,328Pre-tax net operating income
  • $57Securities gains (losses)
  • $81Applicable income taxes
  • $1,304Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,304Net income attributable to bank
  • $0Net charge-offs
  • $1,304Cash dividends
  • $25Sale, conversion, retirement of capital stock, net
  • $350Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.75%Yield on earning assets
  • 1.44%Cost of funding earning assets
  • 3.31%Net interest margin
  • 0.45%Noninterest income to earning assets
  • 2.92%Noninterest expense to earning assets
  • 0.59%Net operating income to assets
  • 0.62%Return on assets (ROA)
  • 0.66%Pretax return on assets
  • 8.74%Return on equity (ROE)
  • 6.39%Retained earnings to average equity (YTD only)
  • 0.02%Net charge-offs to loans
  • 1364.00%Credit loss provision to net charge-offs
  • 66.76%Efficiency ratio
  • 77,806Assets per employee
  • 7.23%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 26.84%Loss allowance to loans
  • 1.46%Loss allowance to noncurrent loans
  • 370.11%Noncurrent assets plus other real estate owned to assets
  • 0.96%Noncurrent loans to loans
  • 0.39%Net loans and leases to deposits
  • 73.04%Net loans and leases to core deposits
  • 73.19%Equity capital to assets
  • 8.23%Core capital (leverage) ratio
  • 8.07%Tier 1 risk-based capital ratio
  • 10.47%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $210,855Average earning assets
  • $14,924Average equity
  • $200,413Average 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
  • $156Managed Assets
  • 1Number of Accounts
  • $15Personal trust and agency accounts
  • $15Employee 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
  • 30Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $141Other retirement accounts
  • $0Corporate 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
    010178Iowa State Bank100 North Main Street, Clarksville, IA 50619January 01, 1918Full Service Brick and Mortar
    1235982Kesley Branch222 Main Street, Kesley, IA 50649September 30, 1935Full Service Brick and Mortar
    2363801Parkersburg Branch904 Florence Street, Parkersburg, IA 50665May 15, 2002Full Service Brick and Mortar

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