Lee County Bank & Trust, National Association in Fort Madison, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Lee County Bank & Trust, National Association - Overview

  • General
  • FDIC Certificate #: 5819
    Status: Active
    Federal Reserve ID: 625140
    Bank Holding Company (Regulatory Top Holder): Lee Capital Corp. (RSSDID: 1143810, Location: Fort Madison, IA)
    Date Established: September 12, 1888
    WWW: http://www.lcbtrust.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 11539
    FDIC's unique #: 3977
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    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: 801 Avenue F, Fort Madison, IA 52627
    County: Lee
    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
    Core Based Statistical Area (CBSA): Fort Madison-Keokuk, IA-MO (#22800)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Corrections
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $163.2 mil
    Equity capital: $11.9 mil
    Deposits held in domestic offices: $115.4 mil
    Return on assets (ROA): -1.29% (-$2.1 mil)
    Quarterly return on assets: -1.64% (-$2.7 mil)
    Return on Equity (ROE): -16.08% (-$1.9 mil)
    Quarterly return on equity: -22.00% (-$2.6 mil)
    Net income: -$2.1 mil
    Quarterly Net income: -$0.7 mil
    Pretax return on assets: -1.39% (-$2,268.2 mil)
    Quarterly Pretax return on assets: -2.04% (-$3,328.9 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
  • 40Total employees (full-time equivalent)
  • $163,183Total assets
  • $42,605Cash and due from depository institutions
  • $41,478Interest-bearing balances
  • $768Securities
  • $818Federal funds sold & reverse repurchase agreements
  • $113,333Net loans & leases
  • $2,602Loan loss allowance
  • $0Trading account assets
  • $1,532Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $163,183Life insurance assets
  • $4,127All other assets
  • $151,281Total liabilities and capital
  • $115,411Total liabilities
  • $77,317Total deposits
  • $115,411Interest-bearing deposits
  • $84Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $35,125Trading liabilities
  • $0Other borrowed funds
  • $745Subordinated debt
  • $11,902All other liabilities
  • $11,902Total equity capital
  • $11,902Total bank equity capital
  • $0Perpetual preferred stock
  • $475Common stock
  • $2,025Surplus
  • $9,402Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,296Income earned, not collected on loans
  • $0Earning assets
  • $958Long-term assets (5+ years)
  • $156,397Average Assets, year-to-date
  • $44,774Average Assets, quarterly
  • $165,318Volatile liabilities
  • $163,976Insider loans
  • $95,723FHLB advances
  • $160,902Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $11,901Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $16,283Restructured Loans and leases
  • $5,639Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $8,119Total interest income
  • $2,557Total interest expense
  • $5,562Net interest income
  • $4,320Provision for loan and lease losses
  • $1,236Total noninterest income
  • $75Fiduciary activities
  • $446Service charges on deposit accounts
  • $0Trading account gains & fees
  • $715Additional noninterest income
  • $4,773Total noninterest expense
  • $1,946Salaries and employee benefits
  • $722Premises and equipment expense
  • $2,105Additional noninterest expense
  • -$2,295Pre-tax net operating income
  • $0Securities gains (losses)
  • -$163Applicable income taxes
  • -$2,132Income before extraordinary items
  • $0Extraordinary gains - net
  • -$2,132Net income attributable to bank
  • $0Net charge-offs
  • -$2,132Cash dividends
  • $3,158Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.12%Yield on earning assets
  • 1.61%Cost of funding earning assets
  • 3.51%Net interest margin
  • 0.78%Noninterest income to earning assets
  • 3.01%Noninterest expense to earning assets
  • -1.29%Net operating income to assets
  • -1.29%Return on assets (ROA)
  • -1.39%Pretax return on assets
  • -16.08%Return on equity (ROE)
  • -16.08%Retained earnings to average equity (YTD only)
  • 2.56%Net charge-offs to loans
  • 136.80%Credit loss provision to net charge-offs
  • 0.64%Efficiency ratio
  • 70,212Assets per employee
  • 4.08%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.24%Loss allowance to noncurrent loans
  • 78.94%Noncurrent assets plus other real estate owned to assets
  • 2.02%Noncurrent loans to loans
  • 2.84%Net loans and leases to deposits
  • 98.20%Net loans and leases to core deposits
  • 99.20%Equity capital to assets
  • 7.29%Core capital (leverage) ratio
  • 7.40%Tier 1 risk-based capital ratio
  • 12.43%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $165,318Average earning assets
  • $13,256Average equity
  • $158,524Average 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
  • $11,680Managed Assets
  • 1Number of Accounts
  • $6,969Personal trust and agency accounts
  • $6,964Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $5Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 44Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $4,711Other retirement accounts
  • $3,937Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $454Fiduciary accounts held in foreign offices

List of branches

  • 3 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    03977Lee County Bank & Trust, National Association801 Avenue F, Fort Madison, IA 52627September 12, 1888Full Service Brick and Mortar
    1208206Drive In Branch2501-05 Avenue L, Fort Madison, IA 52627March 21, 1966Full Service Brick and Mortar
    3360931West Point Branch504 Avenue D, West Point, IA 52656July 02, 2001Full Service Brick and Mortar

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