Landmands Bank in Audubon, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches


Landmands Bank - Overview

  • General
  • FDIC Certificate #: 4471
    Status: Active
    Federal Reserve ID: 747743
    Bank Holding Company (Regulatory Top Holder): Viking Corporation, The (RSSDID: 1021570, Location: Omaha, NE)
    Date Established: September 01, 1909
    WWW: http://www.landmands.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 2953
    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: April 01, 2009
    Last Structure Change Process Date: June 09, 2009
    Last Data Update: June 09, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 201 South Division Street, Audubon, IA 50025
    County: Audubon
    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
  • Institution Withdraws from FRS (Federal Reserve System)
    Name Change
    Change in Supervisory Agency
  • Financial Summary
  • Total assets: $61.7 mil
    Equity capital: $5.7 mil
    Deposits held in domestic offices: $54.7 mil
    Return on assets (ROA): 2.02% ($1.3 mil)
    Quarterly return on assets: 1.16% ($0.7 mil)
    Return on Equity (ROE): 20.86% ($1.3 mil)
    Quarterly return on equity: 12.03% ($0.7 mil)
    Net income: $1.2 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 2.14% ($1,319.9 mil)
    Quarterly Pretax return on assets: 1.25% ($771.0 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
  • 14Total employees (full-time equivalent)
  • $61,677Total assets
  • $3,184Cash and due from depository institutions
  • $258Interest-bearing balances
  • $7,839Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $48,417Net loans & leases
  • $540Loan loss allowance
  • $0Trading account assets
  • $448Bank premises and fixed assets
  • $0Other real estate owned
  • $455Goodwill and other intangibles
  • $61,677Life insurance assets
  • $1,334All other assets
  • $55,931Total liabilities and capital
  • $54,685Total liabilities
  • $43,928Total deposits
  • $54,685Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 700.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $272Trading liabilities
  • $0Other borrowed funds
  • $274Subordinated debt
  • $5,746All other liabilities
  • $5,746Total equity capital
  • $5,746Total bank equity capital
  • $0Perpetual preferred stock
  • $111Common stock
  • $1,439Surplus
  • $4,196Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $274Income earned, not collected on loans
  • $0Earning assets
  • $980Long-term assets (5+ years)
  • $56,514Average Assets, year-to-date
  • $6,800Average Assets, quarterly
  • $59,833Volatile liabilities
  • $60,380Insider loans
  • $50,949FHLB advances
  • $59,821Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $5,207Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $8,921Restructured Loans and leases
  • $253Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,690Total interest income
  • $351Total interest expense
  • $2,339Net interest income
  • $49Provision for loan and lease losses
  • $953Total noninterest income
  • $0Fiduciary activities
  • $247Service charges on deposit accounts
  • $0Trading account gains & fees
  • $706Additional noninterest income
  • $1,975Total noninterest expense
  • $1,244Salaries and employee benefits
  • $124Premises and equipment expense
  • $607Additional noninterest expense
  • $1,268Pre-tax net operating income
  • $11Securities gains (losses)
  • $68Applicable income taxes
  • $1,211Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,211Net income attributable to bank
  • $0Net charge-offs
  • $1,211Cash dividends
  • $13Sale, conversion, retirement of capital stock, net
  • $1,300Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.89%Yield on earning assets
  • 0.64%Cost of funding earning assets
  • 4.25%Net interest margin
  • 1.73%Noninterest income to earning assets
  • 3.59%Noninterest expense to earning assets
  • 2.01%Net operating income to assets
  • 2.02%Return on assets (ROA)
  • 2.14%Pretax return on assets
  • 20.86%Return on equity (ROE)
  • -1.53%Retained earnings to average equity (YTD only)
  • 0.03%Net charge-offs to loans
  • 376.92%Credit loss provision to net charge-offs
  • 101.31%Efficiency ratio
  • 58,718Assets per employee
  • 4.41%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 107.35%Loss allowance to loans
  • 1.10%Loss allowance to noncurrent loans
  • 197.08%Noncurrent assets plus other real estate owned to assets
  • 0.44%Noncurrent loans to loans
  • 0.56%Net loans and leases to deposits
  • 88.54%Net loans and leases to core deposits
  • 97.40%Equity capital to assets
  • 9.32%Core capital (leverage) ratio
  • 8.70%Tier 1 risk-based capital ratio
  • 10.22%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $59,833Average earning assets
  • $5,805Average equity
  • $54,974Average loans

List of branches

  • 2 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    02953Landmands Bank201 South Division Street, Audubon, IA 50025September 01, 1909Full Service Brick and Mortar
    1203739Main Street Branch100 N Main Street, Kimballton, IA 51543October 01, 1980Full Service Brick and Mortar

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