Iowa State Bank and Trust Company of Fairfield, Iowa in Fairfield, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Iowa State Bank and Trust Company of Fairfield, Iowa - Overview

  • General
  • FDIC 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
    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
  • Location
  • Address: 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 Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total 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
  • 22Total employees (full-time equivalent)
  • $81,852Total assets
  • $11,955Cash and due from depository institutions
  • $10,191Interest-bearing balances
  • $6,602Securities
  • $2,400Federal funds sold & reverse repurchase agreements
  • $54,757Net loans & leases
  • $521Loan loss allowance
  • $0Trading account assets
  • $1,842Bank premises and fixed assets
  • $449Other real estate owned
  • $0Goodwill and other intangibles
  • $81,852Life insurance assets
  • $3,847All other assets
  • $73,412Total liabilities and capital
  • $62,834Total liabilities
  • $40,415Total deposits
  • $62,834Interest-bearing deposits
  • $87Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $8,800Trading liabilities
  • $0Other borrowed funds
  • $1,778Subordinated debt
  • $8,440All other liabilities
  • $8,440Total equity capital
  • $8,440Total bank equity capital
  • $0Perpetual preferred stock
  • $400Common stock
  • $2,019Surplus
  • $6,021Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,632Income earned, not collected on loans
  • $0Earning assets
  • $595Long-term assets (5+ years)
  • $73,950Average Assets, year-to-date
  • $22,718Average Assets, quarterly
  • $82,902Volatile liabilities
  • $80,649Insider loans
  • $57,639FHLB advances
  • $84,060Loans and leases held for sale
  • $1,744Unused loan commitments
  • $1,744Tier 1 (core) risk-based capital
  • $8,917Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $9,954Restructured Loans and leases
  • $775Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,868Total interest income
  • $910Total interest expense
  • $2,958Net interest income
  • $76Provision for loan and lease losses
  • $583Total noninterest income
  • $0Fiduciary activities
  • $282Service charges on deposit accounts
  • $0Trading account gains & fees
  • $301Additional noninterest income
  • $2,677Total noninterest expense
  • $1,377Salaries and employee benefits
  • $456Premises and equipment expense
  • $844Additional noninterest expense
  • $788Pre-tax net operating income
  • $0Securities gains (losses)
  • $215Applicable income taxes
  • $573Income before extraordinary items
  • $0Extraordinary gains - net
  • $573Net income attributable to bank
  • $0Net charge-offs
  • $573Cash dividends
  • $104Sale, conversion, retirement of capital stock, net
  • $389Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.17%Yield on earning assets
  • 1.22%Cost of funding earning assets
  • 3.95%Net interest margin
  • 0.78%Noninterest income to earning assets
  • 3.58%Noninterest expense to earning assets
  • 0.69%Net operating income to assets
  • 0.69%Return on assets (ROA)
  • 0.95%Pretax return on assets
  • 6.64%Return on equity (ROE)
  • 2.13%Retained earnings to average equity (YTD only)
  • 0.18%Net charge-offs to loans
  • 73.08%Credit loss provision to net charge-offs
  • 8.31%Efficiency ratio
  • 75,600Assets per employee
  • 3.72%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 67.89%Loss allowance to loans
  • 0.94%Loss allowance to noncurrent loans
  • 31.92%Noncurrent assets plus other real estate owned to assets
  • 2.54%Noncurrent loans to loans
  • 2.95%Net loans and leases to deposits
  • 87.15%Net loans and leases to core deposits
  • 89.21%Equity capital to assets
  • 10.31%Core capital (leverage) ratio
  • 10.61%Tier 1 risk-based capital ratio
  • 15.47%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $82,902Average earning assets
  • $8,623Average equity
  • $74,798Average loans

Total Fiduciary and Related Assets (December 31, 2005)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $3,559Managed Assets
  • 1Number of Accounts
  • $3,530Personal trust and agency accounts
  • $1,667Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $1,823Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $40Non-managed Assets
  • 20Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $29Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 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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