Liberty Bank, F.S.B. in West Des Moines, Iowa (IA), FL, IL
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Liberty Bank, F.S.B. in West Des Moines, Iowa (IA), FL, IL
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Liberty Bank, F.S.B. - Overview

  • General
  • FDIC Certificate #: 20594
    Status: Active
    Federal Reserve ID: 791045
    Date Established: January 06, 1972
    WWW: http://www.libertybankiowa.com
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 28 (Domestic: 28, Interstate: Yes)
    OTS Docket #: 15717
    FDIC's unique #: 14210
    Numeric code: 33
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: 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 06, 1972
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 6139 Ashworth Road, West Des Moines, IA 50266
    County: Polk
    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
    Metropolitan Statistical Area (MSA): Des Moines, IA (#2120)
    Combined Statistical Area (CSA): Des Moines-Newton-Pella, IA (#218)
    Core Based Statistical Area (CBSA): Des Moines-West Des Moines, IA (#19780)
    CBSA Metro Statistical Area: Des Moines-West Des Moines, IA (#19780)
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $934.1 mil
    Equity capital: $21.6 mil
    Deposits held in domestic offices: $843.6 mil
    Return on assets (ROA): -1.24% (-$11.6 mil)
    Quarterly return on assets: -1.39% (-$13.0 mil)
    Return on Equity (ROE): -47.17% (-$10.4 mil)
    Quarterly return on equity: -57.49% (-$12.6 mil)
    Net income: -$12.5 mil
    Quarterly Net income: -$3.3 mil
    Pretax return on assets: -1.24% (-$11,583.0 mil)
    Quarterly Pretax return on assets: -1.39% (-$12,984.1 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
  • 285Total employees (full-time equivalent)
  • $934,109Total assets
  • $251,659Cash and due from depository institutions
  • $245,014Interest-bearing balances
  • $20,618Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $590,944Net loans & leases
  • $22,946Loan loss allowance
  • $0Trading account assets
  • $22,206Bank premises and fixed assets
  • $37,271Other real estate owned
  • $0Goodwill and other intangibles
  • $934,109Life insurance assets
  • $11,411All other assets
  • $912,537Total liabilities and capital
  • $843,582Total liabilities
  • $756,792Total deposits
  • $843,582Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $63,500Trading liabilities
  • $0Other borrowed funds
  • $5,455Subordinated debt
  • $21,572All other liabilities
  • $21,572Total equity capital
  • $21,572Total bank equity capital
  • $0Perpetual preferred stock
  • $100Common stock
  • $105,525Surplus
  • $-84,053Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $57,125Income earned, not collected on loans
  • $0Earning assets
  • $2,746Long-term assets (5+ years)
  • $856,576Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $1,010,327Volatile liabilities
  • $964,541Insider loans
  • $617,568FHLB advances
  • $934,030Loans and leases held for sale
  • $1,649Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $21,497Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $87,649Restructured Loans and leases
  • $7,174Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $40,458Total interest income
  • $12,067Total interest expense
  • $28,391Net interest income
  • $5,097Provision for loan and lease losses
  • $4,308Total noninterest income
  • $0Fiduciary activities
  • $335Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3,973Additional noninterest income
  • $40,087Total noninterest expense
  • $20,905Salaries and employee benefits
  • $7,637Premises and equipment expense
  • $11,545Additional noninterest expense
  • -$12,485Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • -$12,485Income before extraordinary items
  • $0Extraordinary gains - net
  • -$12,485Net income attributable to bank
  • $0Net charge-offs
  • -$12,485Cash dividends
  • $24,157Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.32%Yield on earning assets
  • 1.29%Cost of funding earning assets
  • 3.03%Net interest margin
  • 0.46%Noninterest income to earning assets
  • 4.28%Noninterest expense to earning assets
  • -1.24%Net operating income to assets
  • -1.24%Return on assets (ROA)
  • -1.24%Pretax return on assets
  • -47.17%Return on equity (ROE)
  • -47.17%Retained earnings to average equity (YTD only)
  • 3.08%Net charge-offs to loans
  • 21.10%Credit loss provision to net charge-offs
  • -0.31%Efficiency ratio
  • 122,594Assets per employee
  • 3.28%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.74%Loss allowance to noncurrent loans
  • 40.17%Noncurrent assets plus other real estate owned to assets
  • 10.11%Noncurrent loans to loans
  • 9.31%Net loans and leases to deposits
  • 70.05%Net loans and leases to core deposits
  • 72.17%Equity capital to assets
  • 2.31%Core capital (leverage) ratio
  • 2.30%Tier 1 risk-based capital ratio
  • 3.48%Total risk-based capital ratio
  • Memoranda
  • $5Average assets
  • $1,010,327Average earning assets
  • $26,469Average equity
  • $937,331Average loans

List of branches

  • 2 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    42450407Vanderbilt Beach Road Branch2370 Vanderbilt Beach Road, Naples, FL 34103April 01, 2006Full Service Brick and Mortar
    43492595Cape Coral1205 Cape Coral Pkwy E, Cape Coral, FL 33904Febuary 14, 2008Full Service Brick and Mortar
  • 1 Illinois Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    6359051East Dubuque Branch261 Sinsinawa Avenue, East Dubuque, IL 61025Febuary 17, 2000Full Service Brick and Mortar
  • 24 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    014210Liberty Bank, F.S.b.6139 Ashworth Road, West Des Moines, IA 50266January 06, 1972Full Service Brick and Mortar
    341313Iowa Falls Branch315 Main Street, Iowa Falls, IA 50126January 01, 1912Full Service Brick and Mortar
    5359050Dubuque Branch2201 Jackson Street, Dubuque, IA 52001Febuary 17, 2000Full Service Brick and Mortar
    8359053Granger Branch1904 State Street, Granger, IA 50109April 05, 2000Full Service Brick and Mortar
    9359054Urbandale Branch3800 100th Street, Urbandale, IA 50322June 05, 2000Full Service Brick and Mortar
    138746Garner Hancock County Bank & Trust B175 East Third Street, Garner, IA 50438March 01, 1934Full Service Brick and Mortar
    16423022Cedar Rapids Branch320 3rd Street, Se, Cedar Rapids, IA 52401October 09, 2002Full Service Brick and Mortar
    17423024Iowa City Branch119 Second Street, Suite 100, Coralville, IA 52241October 14, 2002Full Service Brick and Mortar
    18423025Arnolds Park Branch46 North Okoboji Grove Road, Arnolds Park, IA 51331May 27, 2003Full Service Brick and Mortar
    2040689State Federal Savings And Loan Branc13523 University Avenue, Clive, IA 50325January 01, 1926Full Service Brick and Mortar
    212637814018 University Branch4018 University Avenue, Des Moines, IA 50311June 30, 1986Full Service Brick and Mortar
    23445912Walnut Street Branch700 Walnut Street, Suite 203, Des Moines, IA 50309March 01, 2004Full Service Brick and Mortar
    25445914Iowa City Branch14 South Clinton Street, Iowa City, IA 52240August 16, 2004Full Service Brick and Mortar
    26445915Council Street Branch5210 Council Street, Northeast, Cedar Rapids, IA 52402December 27, 2004Full Service Brick and Mortar
    27445916Mills Civic Branch5070 Mills Civic Parkway, West Des Moines, IA 50265December 27, 2004Full Service Brick and Mortar
    29468435Hubbell Avenue Branch2742 Hubbell Avenue, Des Moines, IA 50317October 24, 2006Full Service Brick and Mortar
    30468525Waterloo Branch4020 Bankers Boulevard, Waterloo, IA 50701June 01, 2006Full Service Brick and Mortar
    32468527Dubuque Asbury Road Branch4867 Asbury Road, Suite 2, Dubuque, IA 52002October 01, 2006Full Service Brick and Mortar
    36491847Cedar Falls Branch205 West 2nd Street, Cedar Falls, IA 50613August 01, 2007Full Service Brick and Mortar
    37491848North Ankeny Branch2805 North Ankeny Blvd, Ankeny, IA 50023October 01, 2007Full Service Brick and Mortar
    38491849Lake Branch802 Lake Street, Spirit Lake, IA 51360November 01, 2007Full Service Brick and Mortar
    39491850Highway 71 Branch3307 Highway 71, Spirit Lake, IA 51360November 01, 2007Full Service Brick and Mortar
    40496002North Liberty Branch655 Community Drive, North Liberty, IA 52317May 01, 2007Full Service Brick and Mortar
    44529264Klemme Branch100 East Main Street, Klemme, IA 50449Febuary 27, 2012Full Service Brick and Mortar

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