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

Iowa State Savings Bank - Overview

  • General
  • FDIC Certificate #: 8751
    Status: Active
    Federal Reserve ID: 869346
    Bank Holding Company (Regulatory Top Holder): Iowa Community Bancorp, Inc. (RSSDID: 2791553, Location: Creston, IA)
    Date Established: January 01, 1883
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 6 (Domestic: 6, Interstate: No)
    OTS Docket #: 13914
    FDIC's unique #: 5568
    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: November 30, 2007
    Last Structure Change Process Date: July 17, 2008
    Last Data Update: July 17, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 401 West Adams Street, Creston, IA 50801
    County: Union
    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
  • Office Purchased
  • Financial Summary
  • Total assets: $189.5 mil
    Equity capital: $16.2 mil
    Deposits held in domestic offices: $162.6 mil
    Return on assets (ROA): 0.70% ($1.3 mil)
    Quarterly return on assets: 0.97% ($1.8 mil)
    Return on Equity (ROE): 8.54% ($1.4 mil)
    Quarterly return on equity: 11.43% ($1.8 mil)
    Net income: $1.3 mil
    Quarterly Net income: $0.5 mil
    Pretax return on assets: 0.98% ($1,857.3 mil)
    Quarterly Pretax return on assets: 1.36% ($2,577.5 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)
  • $189,520Total assets
  • $6,789Cash and due from depository institutions
  • $879Interest-bearing balances
  • $48,172Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $122,667Net loans & leases
  • $1,252Loan loss allowance
  • $0Trading account assets
  • $3,151Bank premises and fixed assets
  • $362Other real estate owned
  • $1,651Goodwill and other intangibles
  • $189,520Life insurance assets
  • $6,728All other assets
  • $173,321Total liabilities and capital
  • $162,588Total liabilities
  • $129,495Total deposits
  • $162,588Interest-bearing deposits
  • $85Deposits held in domestic offices
  • 5357.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $2,900Trading liabilities
  • $0Other borrowed funds
  • $2,476Subordinated debt
  • $16,199All other liabilities
  • $16,199Total equity capital
  • $16,199Total bank equity capital
  • $0Perpetual preferred stock
  • $1,500Common stock
  • $4,100Surplus
  • $10,599Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $143Income earned, not collected on loans
  • $0Earning assets
  • $2,788Long-term assets (5+ years)
  • $171,718Average Assets, year-to-date
  • $57,476Average Assets, quarterly
  • $188,799Volatile liabilities
  • $191,404Insider loans
  • $132,043FHLB advances
  • $190,154Loans and leases held for sale
  • $2,083Unused loan commitments
  • $2,083Tier 1 (core) risk-based capital
  • $13,738Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $23,430Restructured Loans and leases
  • $1,233Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $8,736Total interest income
  • $1,400Total interest expense
  • $7,336Net interest income
  • $217Provision for loan and lease losses
  • $627Total noninterest income
  • $16Fiduciary activities
  • $449Service charges on deposit accounts
  • $0Trading account gains & fees
  • $162Additional noninterest income
  • $6,026Total noninterest expense
  • $3,462Salaries and employee benefits
  • $809Premises and equipment expense
  • $1,755Additional noninterest expense
  • $1,720Pre-tax net operating income
  • $123Securities gains (losses)
  • $514Applicable income taxes
  • $1,329Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,329Net income attributable to bank
  • $0Net charge-offs
  • $1,329Cash dividends
  • $109Sale, conversion, retirement of capital stock, net
  • $650Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.11%Yield on earning assets
  • 0.82%Cost of funding earning assets
  • 4.30%Net interest margin
  • 0.37%Noninterest income to earning assets
  • 3.53%Noninterest expense to earning assets
  • 0.66%Net operating income to assets
  • 0.70%Return on assets (ROA)
  • 0.98%Pretax return on assets
  • 8.54%Return on equity (ROE)
  • 4.36%Retained earnings to average equity (YTD only)
  • 0.09%Net charge-offs to loans
  • 199.08%Credit loss provision to net charge-offs
  • 17.77%Efficiency ratio
  • 74,218Assets per employee
  • 3.64%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 48.91%Loss allowance to loans
  • 1.01%Loss allowance to noncurrent loans
  • 875.52%Noncurrent assets plus other real estate owned to assets
  • 0.27%Noncurrent loans to loans
  • 0.12%Net loans and leases to deposits
  • 75.45%Net loans and leases to core deposits
  • 76.41%Equity capital to assets
  • 8.55%Core capital (leverage) ratio
  • 7.22%Tier 1 risk-based capital ratio
  • 10.40%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $188,799Average earning assets
  • $15,571Average equity
  • $170,800Average 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
  • $2,928Managed Assets
  • 1Number of Accounts
  • $2,928Personal trust and agency accounts
  • $2,797Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $131Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 16Number of Accounts
  • $0Personal trust and agency accounts
  • $131Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 6 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    05568Iowa State Savings Bank401 West Adams Street, Creston, IA 50801January 01, 1883Full Service Brick and Mortar
    2218899Detached Tellers FacilitySumner Avenue And Devoe Street, Creston, IA 50801Febuary 10, 1975Limited Service Facility
    3473051Iowa State Savings Bank - Southern B504 West Taylor Street, Creston, IA 50801September 17, 2007Full Service Brick and Mortar
    48753Corning Branch620 Davis Avenue, Corning, IA 50841January 01, 1934Full Service Brick and Mortar
    5230776Lenox Branch200 North Main Street, Lenox, IA 50851May 15, 1990Full Service Brick and Mortar
    7512447Diagonal Branch223 Broadway Street, Diagonal, IA 50845September 07, 2010Full Service Brick and Mortar

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