Liberty National Bank in Sioux City, Iowa (IA), SD
Overview, Financial Summary, Detailed Financial Reports, Branches


Liberty National Bank - Overview

  • General
  • FDIC Certificate #: 57505
    Status: Active
    Federal Reserve ID: 3140822
    Bank Holding Company (Regulatory Top Holder): Liberty Financial Services, Inc. (RSSDID: 3137701, Location: Sioux City, IA)
    Date Established: March 17, 2003
    WWW: http://www.libertynationalonline.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 9 (Domestic: 9, Interstate: Yes)
    FDIC's unique #: 364412
    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: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: March 17, 2003
    Last Structure Change Effective Date: October 27, 2008
    Last Structure Change Process Date: December 05, 2008
    Last Data Update: December 05, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 4425 Singing Hills Boulevard, Sioux City, IA 51106
    County: Woodbury
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Sioux City
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Metropolitan Statistical Area (MSA): Sioux City, IA-NE (#7720)
    Combined Statistical Area (CSA): Sioux City-Vermillion, IA-NE-SD (#512)
    Core Based Statistical Area (CBSA): Sioux City, IA-NE-SD (#43580)
    CBSA Metro Statistical Area: Sioux City, IA-NE-SD (#43580)
  • History of Changes
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $231.2 mil
    Equity capital: $35.0 mil
    Deposits held in domestic offices: $191.5 mil
    Return on assets (ROA): 0.65% ($1.5 mil)
    Quarterly return on assets: 0.84% ($1.9 mil)
    Return on Equity (ROE): 4.82% ($1.7 mil)
    Quarterly return on equity: 5.56% ($1.9 mil)
    Net income: $1.5 mil
    Quarterly Net income: $0.5 mil
    Pretax return on assets: 0.90% ($2,081.0 mil)
    Quarterly Pretax return on assets: 1.21% ($2,797.7 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
  • 55Total employees (full-time equivalent)
  • $231,218Total assets
  • $10,264Cash and due from depository institutions
  • $3,426Interest-bearing balances
  • $54,825Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $140,134Net loans & leases
  • $2,274Loan loss allowance
  • $0Trading account assets
  • $8,817Bank premises and fixed assets
  • $197Other real estate owned
  • $11,333Goodwill and other intangibles
  • $231,218Life insurance assets
  • $5,648All other assets
  • $196,218Total liabilities and capital
  • $191,461Total liabilities
  • $153,283Total deposits
  • $191,461Interest-bearing deposits
  • $71Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $3,000Trading liabilities
  • $0Other borrowed funds
  • $1,757Subordinated debt
  • $35,000All other liabilities
  • $35,000Total equity capital
  • $35,000Total bank equity capital
  • $0Perpetual preferred stock
  • $6,980Common stock
  • $26,383Surplus
  • $1,637Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,590Income earned, not collected on loans
  • $0Earning assets
  • $1,434Long-term assets (5+ years)
  • $198,385Average Assets, year-to-date
  • $49,845Average Assets, quarterly
  • $226,378Volatile liabilities
  • $230,641Insider loans
  • $159,296FHLB advances
  • $218,509Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $23,005Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $25,877Restructured Loans and leases
  • $10,936Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $8,990Total interest income
  • $1,636Total interest expense
  • $7,354Net interest income
  • $235Provision for loan and lease losses
  • $1,270Total noninterest income
  • $204Fiduciary activities
  • $338Service charges on deposit accounts
  • $0Trading account gains & fees
  • $728Additional noninterest income
  • $6,458Total noninterest expense
  • $3,358Salaries and employee benefits
  • $1,225Premises and equipment expense
  • $1,875Additional noninterest expense
  • $1,931Pre-tax net operating income
  • $114Securities gains (losses)
  • $583Applicable income taxes
  • $1,462Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,462Net income attributable to bank
  • $0Net charge-offs
  • $1,462Cash dividends
  • $137Sale, conversion, retirement of capital stock, net
  • $762Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.56%Yield on earning assets
  • 0.83%Cost of funding earning assets
  • 3.73%Net interest margin
  • 0.64%Noninterest income to earning assets
  • 3.28%Noninterest expense to earning assets
  • 0.61%Net operating income to assets
  • 0.65%Return on assets (ROA)
  • 0.90%Pretax return on assets
  • 4.82%Return on equity (ROE)
  • 2.31%Retained earnings to average equity (YTD only)
  • 0.10%Net charge-offs to loans
  • 171.53%Credit loss provision to net charge-offs
  • 15.81%Efficiency ratio
  • 72,217Assets per employee
  • 4.20%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 52.12%Loss allowance to loans
  • 1.60%Loss allowance to noncurrent loans
  • 143.02%Noncurrent assets plus other real estate owned to assets
  • 0.77%Noncurrent loans to loans
  • 1.12%Net loans and leases to deposits
  • 73.19%Net loans and leases to core deposits
  • 88.40%Equity capital to assets
  • 15.14%Core capital (leverage) ratio
  • 10.53%Tier 1 risk-based capital ratio
  • 14.44%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $226,378Average earning assets
  • $30,362Average equity
  • $197,013Average 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
  • $56,117Managed Assets
  • 1Number of Accounts
  • $56,116Personal trust and agency accounts
  • $23,233Employee benefit-defined contribution accounts
  • $678Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $5,496Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $26,709Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 49Number of Accounts
  • $0Personal trust and agency accounts
  • $5,496Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $1Other retirement accounts
  • $1Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 2 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0364412Liberty National Bank4425 Singing Hills Boulevard, Sioux City, IA 51106March 17, 2003Full Service Brick and Mortar
    2423172Messenger Service Branch4425 Singing Hills Boulevard, Sioux City, IA 51106September 08, 2003Limited Service Messenger
  • 7 South Dakota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    410564Valley Bank Elk Point Branch112 East Main Street, Elk Point, SD 57025May 03, 1943Full Service Brick and Mortar
    5237981Jefferson Branch215 Main, Jefferson, SD 57038May 11, 1946Full Service Brick and Mortar
    6237982North Sioux City Branch113 Military Road, North Sioux City, SD 57049August 13, 1955Full Service Brick and Mortar
    7237983Sioux Falls Branch3520 S Louise Ave, Sioux Falls, SD 57106November 16, 1992Full Service Brick and Mortar
    8359595East Side Branch4619 East 12th Street, Sioux Falls, SD 57110Febuary 20, 2001Full Service Brick and Mortar
    9483133Elk Point Messenger Service Branch112 East Main Street, Elk Point, SD 57025November 25, 2008Limited Service Messenger
    10511681Dakota Dunes Branch324 Dakota Dunes Blvd, Dakota Dunes, SD 57049May 17, 2010Full Service Brick and Mortar

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