Iowa State Bank and Trust Company of Fairfield, Iowa in Fairfield, Iowa (IA)



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Iowa State Bank and Trust Company of Fairfield, Iowa routing number info

Table of contents:
Iowa State Bank and Trust Company of Fairfield, Iowa
GeneralFDIC Certificate #: 14413
Status: Active
Federal Reserve ID: 651541
Bank Holding Company (Regulatory Top Holder): Iowa State Financial Services Corporation (RSSDID: 2858399, Location: Fairfield, IA)
Date Established: May 19, 1934
WWW: http://www.isbff.com
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 2 (Domestic: 2, Interstate: No)
OTS Docket #: 11762
FDIC's unique #: 9004
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: May 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
LocationAddress: Broadway And Court, Fairfield, IA 52556
County: Jefferson
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
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $81.9 mil
Equity capital: $8.4 mil
Deposits held in domestic offices: $62.8 mil
Return on assets (ROA): 0.69% ($0.6 mil)
Quarterly return on assets: 0.39% ($0.3 mil)
Return on Equity (ROE): 6.64% ($0.5 mil)
Quarterly return on equity: 3.65% ($0.3 mil)
Net income: $0.6 mil
Quarterly Net income: $0.1 mil
Pretax return on assets: 0.95% ($777.6 mil)
Quarterly Pretax return on assets: 0.92% ($753.0 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)
Total employees (full-time equivalent)22
Total assets$81,852
Cash and due from depository institutions$11,955
Interest-bearing balances$10,191
Securities$6,602
Federal funds sold & reverse repurchase agreements$2,400
Net loans & leases$54,757
Loan loss allowance $521
Trading account assets$0
Bank premises and fixed assets$1,842
Other real estate owned$449
Goodwill and other intangibles$0
All other assets$3,847
Life insurance assets$81,852
Total liabilities and capital$73,412
Total liabilities$62,834
Total deposits$40,415
Interest-bearing deposits$62,834
Deposits held in domestic offices$87
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$8,800
Other borrowed funds $0
Subordinated debt $1,778
All other liabilities $8,440
Total equity capital$8,440
Total bank equity capital$8,440
Perpetual preferred stock$0
Common stock$400
Surplus$2,019
Undivided profits $6,021
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $1,632
Earning assets $0
Long-term assets (5+ years) $595
Average Assets, year-to-date $73,950
Average Assets, quarterly $22,718
Volatile liabilities $82,902
Insider loans $80,649
FHLB advances $57,639
Loans and leases held for sale $84,060
Unused loan commitments $1,744
Tier 1 (core) risk-based capital $1,744
Tier 2 risk-based capital $8,917
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $9,954
Derivatives$775
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $3,868
Total interest expense $910
Net interest income $2,958
Provision for loan and lease losses $76
Total noninterest income $583
Fiduciary activities $0
Service charges on deposit accounts $282
Trading account gains & fees $0
Additional noninterest income $301
Total noninterest expense $2,677
Salaries and employee benefits $1,377
Premises and equipment expense $456
Additional noninterest expense $844
Pre-tax net operating income $788
Securities gains (losses) $0
Applicable income taxes $215
Income before extraordinary items $573
Extraordinary gains - net $0
Net income attributable to bank $573
Net charge-offs $0
Cash dividends $573
Sale, conversion, retirement of capital stock, net $104
Net operating income $389
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.17%
Cost of funding earning assets 1.22%
Net interest margin 3.95%
Noninterest income to earning assets 0.78%
Noninterest expense to earning assets 3.58%
Net operating income to assets 0.69%
Return on assets (ROA) 0.69%
Pretax return on assets 0.95%
Return on equity (ROE) 6.64%
Retained earnings to average equity (YTD only) 2.13%
Net charge-offs to loans 0.18%
Credit loss provision to net charge-offs 73.08%
Efficiency ratio8.31%
Assets per employee$75,600
Cash dividends to net income (YTD only)3.72%
Condition Ratios (%)
Loss allowance to loans 67.89%
Loss allowance to noncurrent loans 0.94%
Noncurrent assets plus other real estate owned to assets 31.92%
Noncurrent loans to loans 2.54%
Net loans and leases to deposits2.95%
Net loans and leases to core deposits 87.15%
Equity capital to assets 89.21%
Core capital (leverage) ratio 10.31%
Tier 1 risk-based capital ratio 10.61%
Total risk-based capital ratio 15.47%
Memoranda
Average assets$16
Average earning assets$82,902
Average equity $8,623
Average loans $74,798
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Total Fiduciary and Related Assets (December 31, 2005)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$3,559
Number of Accounts1
Personal trust and agency accounts$3,530
Employee benefit-defined contribution accounts$1,667
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$1,823
Investment management agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
Non-managed Assets$40
Number of Accounts20
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$29
Corporate trust and agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
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2 Iowa Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
09004Iowa State Bank And Trust Company Of Fairfield, IowaBroadway And Court, Fairfield, IA 52556May 19, 1934Full Service Brick and Mortar
1231426West Burlington Drive-In Branch55 South 4th, Fairfield, IA 52556May 01, 1967Limited Service Facility
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