Iowa State Savings Bank in Knoxville, Iowa (IA)



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Iowa State Savings Bank
GeneralFDIC Certificate #: 11349
Status: Active
Federal Reserve ID: 849647
Bank Holding Company (Regulatory Top Holder): Duclarkee, Inc. (RSSDID: 1200357, Location: Knoxville, IA)
Date Established: January 05, 1903
WWW: http://www.issbank.com
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 4 (Domestic: 4, Interstate: No)
OTS Docket #: 10879
FDIC's unique #: 7250
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: Yes
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
LocationAddress: 222 East Robinson Street, Knoxville, IA 50138
County: Marion
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
Combined Statistical Area (CSA): Des Moines-Newton-Pella, IA (#218)
Core Based Statistical Area (CBSA): Pella, IA (#37800)
CBSA Micro Statistical Area: Yes
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $100.3 mil
Equity capital: $8.5 mil
Deposits held in domestic offices: $86.4 mil
Return on assets (ROA): 0.39% ($0.4 mil)
Quarterly return on assets: 1.19% ($1.2 mil)
Return on Equity (ROE): 4.75% ($0.4 mil)
Quarterly return on equity: 14.45% ($1.3 mil)
Net income: $0.4 mil
Quarterly Net income: $0.3 mil
Pretax return on assets: 0.41% ($411.4 mil)
Quarterly Pretax return on assets: 1.25% ($1,254.3 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)38
Total assets$100,348
Cash and due from depository institutions$5,056
Interest-bearing balances$754
Securities$23,047
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$66,930
Loan loss allowance $1,050
Trading account assets$0
Bank premises and fixed assets$711
Other real estate owned$308
Goodwill and other intangibles$0
All other assets$4,296
Life insurance assets$100,348
Total liabilities and capital$91,808
Total liabilities$86,367
Total deposits$69,204
Interest-bearing deposits$86,367
Deposits held in domestic offices$88
% insured (estimated)287.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$4,036
Other borrowed funds $0
Subordinated debt $1,118
All other liabilities $8,540
Total equity capital$8,540
Total bank equity capital$8,540
Perpetual preferred stock$0
Common stock$350
Surplus$1,050
Undivided profits $7,140
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 $197
Earning assets $0
Long-term assets (5+ years) $1,003
Average Assets, year-to-date $90,731
Average Assets, quarterly $7,580
Volatile liabilities $104,160
Insider loans $103,675
FHLB advances $78,701
Loans and leases held for sale $102,830
Unused loan commitments $1,345
Tier 1 (core) risk-based capital $1,345
Tier 2 risk-based capital $7,923
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $12,424
Derivatives$880
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $5,171
Total interest expense $731
Net interest income $4,440
Provision for loan and lease losses $505
Total noninterest income $640
Fiduciary activities $5
Service charges on deposit accounts $711
Trading account gains & fees $0
Additional noninterest income -$76
Total noninterest expense $4,145
Salaries and employee benefits $2,418
Premises and equipment expense $361
Additional noninterest expense $1,366
Pre-tax net operating income $430
Securities gains (losses) $0
Applicable income taxes $22
Income before extraordinary items $408
Extraordinary gains - net $0
Net income attributable to bank $408
Net charge-offs $0
Cash dividends $408
Sale, conversion, retirement of capital stock, net $563
Net operating income $830
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.47%
Cost of funding earning assets 0.77%
Net interest margin 4.70%
Noninterest income to earning assets 0.68%
Noninterest expense to earning assets 4.39%
Net operating income to assets 0.39%
Return on assets (ROA) 0.39%
Pretax return on assets 0.41%
Return on equity (ROE) 4.75%
Retained earnings to average equity (YTD only) -4.92%
Net charge-offs to loans 0.83%
Credit loss provision to net charge-offs 89.70%
Efficiency ratio1.66%
Assets per employee$81,594
Cash dividends to net income (YTD only)2.64%
Condition Ratios (%)
Loss allowance to loans 203.43%
Loss allowance to noncurrent loans 1.54%
Noncurrent assets plus other real estate owned to assets 532.99%
Noncurrent loans to loans 0.50%
Net loans and leases to deposits0.29%
Net loans and leases to core deposits 77.49%
Equity capital to assets 79.88%
Core capital (leverage) ratio 8.51%
Tier 1 risk-based capital ratio 7.70%
Total risk-based capital ratio 10.07%
Memoranda
Average assets$11
Average earning assets$104,160
Average equity $8,581
Average loans $94,525
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Total Fiduciary and Related Assets (December 31, 2011)
(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$845
Number of Accounts1
Personal trust and agency accounts$845
Employee benefit-defined contribution accounts$845
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$0
Investment management agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts4
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
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4 Iowa Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
07250Iowa State Savings Bank222 East Robinson Street, Knoxville, IA 50138January 05, 1903Full Service Brick and Mortar
1224396Melcher BranchMain Square, Melcher, IA 50163January 01, 1932Limited Service Facility
2224397Parking Lot Branch1010 West Pearl Street, Knoxville, IA 50138January 03, 1972Limited Service Facility
3224398Parking Lot Branch413 East Main Street, Knoxville, IA 50138August 16, 1976Limited Service Facility
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