Liberty Trust & Savings Bank in Durant, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Liberty Trust & Savings Bank - Overview

  • General
  • FDIC Certificate #: 10121
    Status: Active
    Federal Reserve ID: 644646
    Bank Holding Company (Regulatory Top Holder): Liberty Bancorporation (RSSDID: 1204784, Location: Durant, IA)
    Date Established: January 01, 1905
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    OTS Docket #: 15849
    FDIC's unique #: 6474
    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: No
    Asset Concentration Hierarchy: Agricultural 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: 502 Eighth Avenue, Durant, IA 52747
    County: Cedar
    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
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $135.1 mil
    Equity capital: $22.7 mil
    Deposits held in domestic offices: $104.6 mil
    Return on assets (ROA): 1.30% ($1.8 mil)
    Quarterly return on assets: 1.20% ($1.6 mil)
    Return on Equity (ROE): 7.69% ($1.8 mil)
    Quarterly return on equity: 6.91% ($1.6 mil)
    Net income: $1.6 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 1.64% ($2,216.1 mil)
    Quarterly Pretax return on assets: 1.47% ($1,986.4 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
  • 28Total employees (full-time equivalent)
  • $135,131Total assets
  • $3,579Cash and due from depository institutions
  • $58Interest-bearing balances
  • $64,242Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $61,447Net loans & leases
  • $1,015Loan loss allowance
  • $0Trading account assets
  • $1,422Bank premises and fixed assets
  • $624Other real estate owned
  • $0Goodwill and other intangibles
  • $135,131Life insurance assets
  • $3,817All other assets
  • $112,410Total liabilities and capital
  • $104,622Total liabilities
  • $86,494Total deposits
  • $104,622Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 5930.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $701Trading liabilities
  • $0Other borrowed funds
  • $1,157Subordinated debt
  • $22,721All other liabilities
  • $22,721Total equity capital
  • $22,721Total bank equity capital
  • $0Perpetual preferred stock
  • $991Common stock
  • $2,100Surplus
  • $19,630Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $275Income earned, not collected on loans
  • $0Earning assets
  • $1,063Long-term assets (5+ years)
  • $125,747Average Assets, year-to-date
  • $57,259Average Assets, quarterly
  • $126,196Volatile liabilities
  • $130,081Insider loans
  • $74,509FHLB advances
  • $125,379Loans and leases held for sale
  • $2,132Unused loan commitments
  • $2,132Tier 1 (core) risk-based capital
  • $20,814Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $9,758Restructured Loans and leases
  • $1,162Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,360Total interest income
  • $1,053Total interest expense
  • $4,307Net interest income
  • $120Provision for loan and lease losses
  • $525Total noninterest income
  • $13Fiduciary activities
  • $167Service charges on deposit accounts
  • $0Trading account gains & fees
  • $345Additional noninterest income
  • $2,646Total noninterest expense
  • $1,669Salaries and employee benefits
  • $349Premises and equipment expense
  • $628Additional noninterest expense
  • $2,066Pre-tax net operating income
  • $1Securities gains (losses)
  • $429Applicable income taxes
  • $1,638Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,638Net income attributable to bank
  • $0Net charge-offs
  • $1,638Cash dividends
  • -$31Sale, conversion, retirement of capital stock, net
  • $587Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.58%Yield on earning assets
  • 0.90%Cost of funding earning assets
  • 3.68%Net interest margin
  • 0.45%Noninterest income to earning assets
  • 2.26%Noninterest expense to earning assets
  • 1.30%Net operating income to assets
  • 1.30%Return on assets (ROA)
  • 1.64%Pretax return on assets
  • 7.69%Return on equity (ROE)
  • 4.94%Retained earnings to average equity (YTD only)
  • -0.05%Net charge-offs to loans
  • -387.10%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 54,760Assets per employee
  • 4.83%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 35.84%Loss allowance to loans
  • 1.62%Loss allowance to noncurrent loans
  • 369.09%Noncurrent assets plus other real estate owned to assets
  • 0.67%Noncurrent loans to loans
  • 0.44%Net loans and leases to deposits
  • 58.73%Net loans and leases to core deposits
  • 59.49%Equity capital to assets
  • 16.81%Core capital (leverage) ratio
  • 16.60%Tier 1 risk-based capital ratio
  • 27.93%Total risk-based capital ratio
  • Memoranda
  • $29Average assets
  • $126,196Average earning assets
  • $21,289Average equity
  • $116,943Average 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
  • $10,936Managed Assets
  • 1Number of Accounts
  • $9,132Personal trust and agency accounts
  • $9,132Employee 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
  • 34Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $1,804Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $1,804Fiduciary accounts held in foreign offices

List of branches

  • 4 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    06474Liberty Trust & Savings Bank502 Eighth Avenue, Durant, IA 52747January 01, 1905Full Service Brick and Mortar
    1221895New Liberty Branch302 Main Street, New Liberty, IA 52765July 09, 1935Full Service Brick and Mortar
    26479Bennett Branch236 Main Street, Bennett, IA 52721June 30, 1931Full Service Brick and Mortar
    3274218Tipton BranchSouth At Cedar, Tipton, IA 52772January 01, 1934Full Service Brick and Mortar

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