Kerndt Brothers Savings Bank in Lansing, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Kerndt Brothers Savings Bank - Overview

  • General
  • FDIC Certificate #: 8761
    Status: Active
    Federal Reserve ID: 665146
    Bank Holding Company (Regulatory Top Holder): Kerndt Bank Services, Inc. (RSSDID: 1203590, Location: Lansing, IA)
    Date Established: January 14, 1908
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Domestic: 5, Interstate: No)
    OTS Docket #: 15644
    FDIC's unique #: 5577
    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: Yes
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: January 01, 2009
    Last Structure Change Process Date: Febuary 25, 2009
    Last Data Update: Febuary 25, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 370 Main Street, Lansing, IA 52151
    County: Allamakee
    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
  • Participated in Absorption/Consolidation/Merger
    Change in Location
  • Financial Summary
  • Total assets: $226.5 mil
    Equity capital: $27.8 mil
    Deposits held in domestic offices: $176.4 mil
    Return on assets (ROA): 1.16% ($2.6 mil)
    Quarterly return on assets: 0.53% ($1.2 mil)
    Return on Equity (ROE): 9.26% ($2.6 mil)
    Quarterly return on equity: 4.22% ($1.2 mil)
    Net income: $2.6 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 1.18% ($2,672.5 mil)
    Quarterly Pretax return on assets: 0.58% ($1,313.6 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
  • 48Total employees (full-time equivalent)
  • $226,483Total assets
  • $7,260Cash and due from depository institutions
  • $4,266Interest-bearing balances
  • $56,352Securities
  • $6,550Federal funds sold & reverse repurchase agreements
  • $140,999Net loans & leases
  • $1,461Loan loss allowance
  • $0Trading account assets
  • $3,636Bank premises and fixed assets
  • $19Other real estate owned
  • $2,189Goodwill and other intangibles
  • $226,483Life insurance assets
  • $9,478All other assets
  • $198,690Total liabilities and capital
  • $176,364Total liabilities
  • $152,573Total deposits
  • $176,364Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 187.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $21,173Trading liabilities
  • $0Other borrowed funds
  • $966Subordinated debt
  • $27,793All other liabilities
  • $27,793Total equity capital
  • $27,793Total bank equity capital
  • $0Perpetual preferred stock
  • $1,005Common stock
  • $8,268Surplus
  • $18,520Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $2,327Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $577Income earned, not collected on loans
  • $0Earning assets
  • $1,741Long-term assets (5+ years)
  • $208,167Average Assets, year-to-date
  • $48,211Average Assets, quarterly
  • $222,901Volatile liabilities
  • $226,874Insider loans
  • $166,216FHLB advances
  • $226,350Loans and leases held for sale
  • $6,226Unused loan commitments
  • $6,226Tier 1 (core) risk-based capital
  • $24,171Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $30,328Restructured Loans and leases
  • $2,197Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $9,881Total interest income
  • $2,788Total interest expense
  • $7,093Net interest income
  • $300Provision for loan and lease losses
  • $1,038Total noninterest income
  • $16Fiduciary activities
  • $443Service charges on deposit accounts
  • $0Trading account gains & fees
  • $579Additional noninterest income
  • $5,029Total noninterest expense
  • $3,090Salaries and employee benefits
  • $541Premises and equipment expense
  • $1,398Additional noninterest expense
  • $2,802Pre-tax net operating income
  • -$165Securities gains (losses)
  • $57Applicable income taxes
  • $2,580Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,580Net income attributable to bank
  • $0Net charge-offs
  • $2,580Cash dividends
  • $652Sale, conversion, retirement of capital stock, net
  • $2,545Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.80%Yield on earning assets
  • 1.35%Cost of funding earning assets
  • 3.45%Net interest margin
  • 0.50%Noninterest income to earning assets
  • 2.44%Noninterest expense to earning assets
  • 1.23%Net operating income to assets
  • 1.16%Return on assets (ROA)
  • 1.18%Pretax return on assets
  • 9.26%Return on equity (ROE)
  • 0.13%Retained earnings to average equity (YTD only)
  • 0.47%Net charge-offs to loans
  • 46.01%Credit loss provision to net charge-offs
  • 4.76%Efficiency ratio
  • 61,850Assets per employee
  • 4.72%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 98.64%Loss allowance to loans
  • 1.03%Loss allowance to noncurrent loans
  • 253.21%Noncurrent assets plus other real estate owned to assets
  • 0.26%Noncurrent loans to loans
  • 0.41%Net loans and leases to deposits
  • 79.95%Net loans and leases to core deposits
  • 84.29%Equity capital to assets
  • 12.27%Core capital (leverage) ratio
  • 10.68%Tier 1 risk-based capital ratio
  • 14.54%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $222,901Average earning assets
  • $27,877Average equity
  • $205,870Average 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
  • $5,765Managed Assets
  • 1Number of Accounts
  • $5,139Personal trust and agency accounts
  • $5,139Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 97Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $626Other retirement accounts
  • $626Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 5 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    05577Kerndt Brothers Savings Bank370 Main Street, Lansing, IA 52151January 14, 1908Full Service Brick and Mortar
    1218906Harpers Branch315 West Chestnut Street, Harpers Ferry, IA 52146July 25, 1966Full Service Brick and Mortar
    2195West Union Branch205 North Vine Street, West Union, IA 52175July 05, 1913Full Service Brick and Mortar
    3181392Clermont Branch200 Mill Street, Clermont, IA 52135November 08, 1966Full Service Brick and Mortar
    4434094Family Merchants Branch600 Boyson Road Northeast, Cedar Rapids, IA 52402June 01, 2005Full Service Brick and Mortar

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