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


Iowa State Bank - Overview

  • General
  • FDIC Certificate #: 950
    Status: Active
    Federal Reserve ID: 734248
    Bank Holding Company (Regulatory Top Holder): Mid-Iowa Bancshares Co. (RSSDID: 1207673, Location: Algona, IA)
    Date Established: January 01, 1928
    WWW: http://www.bankisb.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Domestic: 5, Interstate: No)
    OTS Docket #: 9692
    FDIC's unique #: 618
    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: No
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: January 01, 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: 5 East Call Street, Algona, IA 50511
    County: Kossuth
    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: $259.4 mil
    Equity capital: $27.9 mil
    Deposits held in domestic offices: $194.8 mil
    Return on assets (ROA): 1.29% ($3.3 mil)
    Quarterly return on assets: 1.04% ($2.7 mil)
    Return on Equity (ROE): 12.00% ($3.4 mil)
    Quarterly return on equity: 9.54% ($2.7 mil)
    Net income: $3.2 mil
    Quarterly Net income: $0.7 mil
    Pretax return on assets: 1.79% ($4,642.5 mil)
    Quarterly Pretax return on assets: 1.35% ($3,501.4 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
  • 52Total employees (full-time equivalent)
  • $259,360Total assets
  • $8,089Cash and due from depository institutions
  • $1,240Interest-bearing balances
  • $65,487Securities
  • $3Federal funds sold & reverse repurchase agreements
  • $170,958Net loans & leases
  • $2,090Loan loss allowance
  • $0Trading account assets
  • $1,437Bank premises and fixed assets
  • $1,595Other real estate owned
  • $3,209Goodwill and other intangibles
  • $259,360Life insurance assets
  • $8,582All other assets
  • $231,466Total liabilities and capital
  • $194,763Total liabilities
  • $157,619Total deposits
  • $194,763Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 18425.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $17,000Trading liabilities
  • $0Other borrowed funds
  • $1,278Subordinated debt
  • $27,894All other liabilities
  • $27,894Total equity capital
  • $27,894Total bank equity capital
  • $0Perpetual preferred stock
  • $1,000Common stock
  • $13,206Surplus
  • $13,688Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,550Income earned, not collected on loans
  • $0Earning assets
  • $2,373Long-term assets (5+ years)
  • $237,688Average Assets, year-to-date
  • $86,992Average Assets, quarterly
  • $246,937Volatile liabilities
  • $253,227Insider loans
  • $197,300FHLB advances
  • $246,981Loans and leases held for sale
  • $3,641Unused loan commitments
  • $3,641Tier 1 (core) risk-based capital
  • $23,711Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $43,104Restructured Loans and leases
  • $1,006Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $11,452Total interest income
  • $2,130Total interest expense
  • $9,322Net interest income
  • $0Provision for loan and lease losses
  • $1,396Total noninterest income
  • $178Fiduciary activities
  • $785Service charges on deposit accounts
  • $0Trading account gains & fees
  • $433Additional noninterest income
  • $6,255Total noninterest expense
  • $3,578Salaries and employee benefits
  • $622Premises and equipment expense
  • $2,055Additional noninterest expense
  • $4,463Pre-tax net operating income
  • -$33Securities gains (losses)
  • $1,233Applicable income taxes
  • $3,197Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,197Net income attributable to bank
  • $0Net charge-offs
  • $3,197Cash dividends
  • $239Sale, conversion, retirement of capital stock, net
  • $1,520Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.01%Yield on earning assets
  • 0.93%Cost of funding earning assets
  • 4.08%Net interest margin
  • 0.61%Noninterest income to earning assets
  • 2.74%Noninterest expense to earning assets
  • 1.30%Net operating income to assets
  • 1.29%Return on assets (ROA)
  • 1.79%Pretax return on assets
  • 12.00%Return on equity (ROE)
  • 6.30%Retained earnings to average equity (YTD only)
  • 0.14%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 18.67%Efficiency ratio
  • 58,080Assets per employee
  • 4.99%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 47.54%Loss allowance to loans
  • 1.21%Loss allowance to noncurrent loans
  • 134.84%Noncurrent assets plus other real estate owned to assets
  • 1.21%Noncurrent loans to loans
  • 0.90%Net loans and leases to deposits
  • 87.78%Net loans and leases to core deposits
  • 91.61%Equity capital to assets
  • 10.75%Core capital (leverage) ratio
  • 9.60%Tier 1 risk-based capital ratio
  • 12.02%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $246,937Average earning assets
  • $26,637Average equity
  • $228,575Average 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
  • $48,559Managed Assets
  • 1Number of Accounts
  • $35,254Personal trust and agency accounts
  • $31,276Employee 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
  • $3,978Non-managed Assets
  • 196Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $13,305Other retirement accounts
  • $3,859Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $3,080Fiduciary accounts held in foreign offices

List of branches

  • 5 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0618Iowa State Bank5 East Call Street, Algona, IA 50511January 01, 1928Full Service Brick and Mortar
    247032Drive Up Facility Branch415 East State Street, Algona, IA 50511April 26, 1991Limited Service Facility
    310072Iowa State Bank-Ruthven Branch1108 Gowrie Street, Ruthven, IA 51358July 01, 1941Full Service Brick and Mortar
    410832Corwith State BranchMain Street, Corwith, IA 50430July 17, 1948Full Service Brick and Mortar
    56481Wesley Branch108 Main Street, Wesley, IA 50483January 01, 1884Full Service Brick and Mortar

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