Iowa Trust & Savings Bank in Emmetsburg, Iowa (IA)

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Iowa Trust & Savings Bank
GeneralFDIC Certificate #: 18400
Status: Active
Federal Reserve ID: 649342
Bank Holding Company (Regulatory Top Holder): Emmetsburg Bank Shares, Inc. (RSSDID: 1131901, Location: Emmetsburg, IA)
Date Established: July 01, 1929
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Domestic: 3, Interstate: No)
FDIC's unique #: 12306
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: June 07, 1961
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: 2101 Tenth Street, Emmetsburg, IA 50536
County: Palo Alto
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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $163.3 mil
Equity capital: $15.3 mil
Deposits held in domestic offices: $132.9 mil
Return on assets (ROA): 0.90% ($1.5 mil)
Quarterly return on assets: 0.90% ($1.5 mil)
Return on Equity (ROE): 9.41% ($1.4 mil)
Quarterly return on equity: 9.52% ($1.4 mil)
Net income: $1.4 mil
Quarterly Net income: $0.4 mil
Pretax return on assets: 1.29% ($2,106.2 mil)
Quarterly Pretax return on assets: 1.34% ($2,187.8 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)27
Total assets$163,272
Cash and due from depository institutions$26,221
Interest-bearing balances$22,003
Federal funds sold & reverse repurchase agreements$1,000
Net loans & leases$91,119
Loan loss allowance $1,478
Trading account assets$0
Bank premises and fixed assets$3,771
Other real estate owned$57
Goodwill and other intangibles$1,509
All other assets$2,372
Life insurance assets$163,272
Total liabilities and capital$147,969
Total liabilities$132,865
Total deposits$99,469
Interest-bearing deposits$132,865
Deposits held in domestic offices$81
% insured (estimated)14484.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $620
All other liabilities $15,303
Total equity capital$15,303
Total bank equity capital$15,303
Perpetual preferred stock$0
Common stock$100
Undivided profits $11,303
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 $1,479
Earning assets $0
Long-term assets (5+ years) $1,480
Average Assets, year-to-date $151,345
Average Assets, quarterly $34,791
Volatile liabilities $155,595
Insider loans $162,438
FHLB advances $106,445
Loans and leases held for sale $163,271
Unused loan commitments $248
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $13,551
Total risk weighted assets $248
Total unused commitments $0
Restructured Loans and leases $25,702
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $6,330
Total interest expense $869
Net interest income $5,461
Provision for loan and lease losses $71
Total noninterest income $492
Fiduciary activities $1
Service charges on deposit accounts $291
Trading account gains & fees $0
Additional noninterest income $200
Total noninterest expense $3,876
Salaries and employee benefits $1,966
Premises and equipment expense $648
Additional noninterest expense $1,262
Pre-tax net operating income $2,006
Securities gains (losses) $5
Applicable income taxes $607
Income before extraordinary items $1,404
Extraordinary gains - net $0
Net income attributable to bank $1,404
Net charge-offs $0
Cash dividends $1,404
Sale, conversion, retirement of capital stock, net $35
Net operating income $525
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.46%
Cost of funding earning assets 0.61%
Net interest margin 3.85%
Noninterest income to earning assets 0.35%
Noninterest expense to earning assets 2.73%
Net operating income to assets 0.90%
Return on assets (ROA) 0.90%
Pretax return on assets 1.29%
Return on equity (ROE) 9.41%
Retained earnings to average equity (YTD only) 5.89%
Net charge-offs to loans 0.04%
Credit loss provision to net charge-offs 202.86%
Efficiency ratio59.34%
Assets per employee$63,279
Cash dividends to net income (YTD only)6.05%
Condition Ratios (%)
Loss allowance to loans 37.39%
Loss allowance to noncurrent loans 1.60%
Noncurrent assets plus other real estate owned to assets 99.93%
Noncurrent loans to loans 0.94%
Net loans and leases to deposits1.60%
Net loans and leases to core deposits 68.58%
Equity capital to assets 74.28%
Core capital (leverage) ratio 9.37%
Tier 1 risk-based capital ratio 8.30%
Total risk-based capital ratio 12.73%
Average assets$14
Average earning assets$155,595
Average equity $14,920
Average loans $142,009
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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$1,700
Number of Accounts1
Personal trust and agency accounts$1,453
Employee benefit-defined contribution accounts$1,453
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 Accounts42
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$247
Corporate trust and agency accounts$247
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
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3 Iowa Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
012306Iowa Trust & Savings Bank2101 Tenth Street, Emmetsburg, IA 50536July 01, 1929Full Service Brick and Mortar
212305Main Street Branch113 Main Street, Cylinder, IA 50528January 01, 1898Full Service Brick and Mortar
3463531Laurens Branch200 West Main Street, Laurens, IA 50554May 18, 2007Full Service Brick and Mortar
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