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

Laurens State Bank - Overview

  • General
  • FDIC Certificate #: 15320
    Status: Active
    Federal Reserve ID: 855648
    Bank Holding Company (Regulatory Top Holder): Laurens Bancorp, Ltd. (RSSDID: 1204113, Location: Laurens, IA)
    Date Established: May 01, 1935
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 9656
    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: December 16, 1935
    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
  • Location
  • Address: 102 South Third Street, Laurens, IA 50554
    County: Pocahontas
    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
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $64.6 mil
    Equity capital: $7.0 mil
    Deposits held in domestic offices: $57.2 mil
    Return on assets (ROA): 1.42% ($0.9 mil)
    Quarterly return on assets: 1.24% ($0.8 mil)
    Return on Equity (ROE): 13.86% ($1.0 mil)
    Quarterly return on equity: 11.43% ($0.8 mil)
    Net income: $0.9 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 1.50% ($969.3 mil)
    Quarterly Pretax return on assets: 1.30% ($840.0 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
  • 18Total employees (full-time equivalent)
  • $64,618Total assets
  • $1,593Cash and due from depository institutions
  • $11Interest-bearing balances
  • $25,265Securities
  • $9,285Federal funds sold & reverse repurchase agreements
  • $26,490Net loans & leases
  • $368Loan loss allowance
  • $0Trading account assets
  • $373Bank premises and fixed assets
  • $185Other real estate owned
  • $13Goodwill and other intangibles
  • $64,618Life insurance assets
  • $1,414All other assets
  • $57,640Total liabilities and capital
  • $57,169Total liabilities
  • $46,980Total deposits
  • $57,169Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $471Subordinated debt
  • $6,978All other liabilities
  • $6,978Total equity capital
  • $6,978Total bank equity capital
  • $0Perpetual preferred stock
  • $167Common stock
  • $2,033Surplus
  • $4,778Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $531Long-term assets (5+ years)
  • $61,051Average Assets, year-to-date
  • $32,222Average Assets, quarterly
  • $61,450Volatile liabilities
  • $63,773Insider loans
  • $33,161FHLB advances
  • $65,238Loans and leases held for sale
  • $570Unused loan commitments
  • $570Tier 1 (core) risk-based capital
  • $6,849Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,793Restructured Loans and leases
  • $310Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,389Total interest income
  • $461Total interest expense
  • $1,928Net interest income
  • $0Provision for loan and lease losses
  • $342Total noninterest income
  • $2Fiduciary activities
  • $176Service charges on deposit accounts
  • $0Trading account gains & fees
  • $164Additional noninterest income
  • $1,351Total noninterest expense
  • $890Salaries and employee benefits
  • $206Premises and equipment expense
  • $255Additional noninterest expense
  • $919Pre-tax net operating income
  • $1Securities gains (losses)
  • $45Applicable income taxes
  • $875Income before extraordinary items
  • $0Extraordinary gains - net
  • $875Net income attributable to bank
  • $0Net charge-offs
  • $875Cash dividends
  • -$14Sale, conversion, retirement of capital stock, net
  • $814Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.11%Yield on earning assets
  • 0.79%Cost of funding earning assets
  • 3.31%Net interest margin
  • 0.59%Noninterest income to earning assets
  • 2.32%Noninterest expense to earning assets
  • 1.42%Net operating income to assets
  • 1.42%Return on assets (ROA)
  • 1.50%Pretax return on assets
  • 13.86%Return on equity (ROE)
  • 0.97%Retained earnings to average equity (YTD only)
  • -0.05%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 59,339Assets per employee
  • 3.59%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 93.03%Loss allowance to loans
  • 1.37%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.29%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 46.34%Net loans and leases to core deposits
  • 46.87%Equity capital to assets
  • 10.80%Core capital (leverage) ratio
  • 10.50%Tier 1 risk-based capital ratio
  • 20.65%Total risk-based capital ratio
  • Memoranda
  • $22Average assets
  • $61,450Average earning assets
  • $6,312Average equity
  • $58,181Average 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
  • $1,041Managed Assets
  • 1Number of Accounts
  • $1,041Personal trust and agency accounts
  • $1,041Employee 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
  • 50Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee 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

  • 3 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    09656Laurens State Bank102 South Third Street, Laurens, IA 50554May 01, 1935Full Service Brick and Mortar
    3235653Mallard Branch602 Inman, Mallard, IA 50562August 31, 1934Full Service Brick and Mortar
    4365409Emmetsburg BranchEmmetsburg, Emmetsburg, IA 50536June 03, 2002Full Service Brick and Mortar

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