Lincoln Savings Bank in Cedar Falls, Iowa (IA)

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Lincoln Savings Bank
GeneralFDIC Certificate #: 14207
Status: Active
Federal Reserve ID: 589943
Bank Holding Company (Regulatory Top Holder): Lincoln Bancorp (RSSDID: 1210169, Location: Reinbeck, IA)
Date Established: January 01, 1902
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 14 (Domestic: 14, Interstate: No)
FDIC's unique #: 8872
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: March 26, 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
LocationAddress: 301 Washington Street, Cedar Falls, IA 50613
County: Black Hawk
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
Metropolitan Statistical Area (MSA): Waterloo-Cedar Falls, IA (#8920)
Core Based Statistical Area (CBSA): Waterloo-Cedar Falls, IA (#47940)
CBSA Metro Statistical Area: Waterloo-Cedar Falls, IA (#47940)
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $582.9 mil
Equity capital: $65.4 mil
Deposits held in domestic offices: $430.7 mil
Return on assets (ROA): 0.82% ($4.8 mil)
Quarterly return on assets: 1.17% ($6.8 mil)
Return on Equity (ROE): 7.19% ($4.7 mil)
Quarterly return on equity: 10.23% ($6.6 mil)
Net income: $4.6 mil
Quarterly Net income: $1.7 mil
Pretax return on assets: 1.06% ($6,179.1 mil)
Quarterly Pretax return on assets: 1.46% ($8,510.8 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)
Total employees (full-time equivalent)197
Total assets$582,933
Cash and due from depository institutions$34,567
Interest-bearing balances$18,804
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$366,477
Loan loss allowance $5,334
Trading account assets$0
Bank premises and fixed assets$11,993
Other real estate owned$45
Goodwill and other intangibles$18,607
All other assets$20,091
Life insurance assets$582,933
Total liabilities and capital$517,509
Total liabilities$430,737
Total deposits$351,017
Interest-bearing deposits$430,737
Deposits held in domestic offices$83
% insured (estimated)29302.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$52,000
Other borrowed funds $0
Subordinated debt $5,470
All other liabilities $65,424
Total equity capital$65,424
Total bank equity capital$65,424
Perpetual preferred stock$0
Common stock$3,537
Undivided profits $24,512
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $16,319
Income earned, not collected on loans $6,938
Earning assets $0
Long-term assets (5+ years) $4,544
Average Assets, year-to-date $516,434
Average Assets, quarterly $183,163
Volatile liabilities $559,528
Insider loans $573,815
FHLB advances $393,795
Loans and leases held for sale $553,895
Unused loan commitments $8,904
Tier 1 (core) risk-based capital $8,904
Tier 2 risk-based capital $43,713
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $70,831
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $24,836
Total interest expense $5,195
Net interest income $19,641
Provision for loan and lease losses $4,186
Total noninterest income $9,040
Fiduciary activities $388
Service charges on deposit accounts $1,107
Trading account gains & fees $0
Additional noninterest income $7,545
Total noninterest expense $20,970
Salaries and employee benefits $12,212
Premises and equipment expense $3,360
Additional noninterest expense $5,398
Pre-tax net operating income $3,525
Securities gains (losses) $2,386
Applicable income taxes $1,349
Income before extraordinary items $4,562
Extraordinary gains - net $0
Net income attributable to bank $4,562
Net charge-offs $0
Cash dividends $4,562
Sale, conversion, retirement of capital stock, net $4,025
Net operating income $2,227
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.01%
Cost of funding earning assets 1.05%
Net interest margin 3.96%
Noninterest income to earning assets 1.82%
Noninterest expense to earning assets 4.23%
Net operating income to assets 0.49%
Return on assets (ROA) 0.82%
Pretax return on assets 1.06%
Return on equity (ROE) 7.19%
Retained earnings to average equity (YTD only) 3.68%
Net charge-offs to loans 1.11%
Credit loss provision to net charge-offs 104.00%
Efficiency ratio1.92%
Assets per employee$72,222
Cash dividends to net income (YTD only)2.96%
Condition Ratios (%)
Loss allowance to loans 48.82%
Loss allowance to noncurrent loans 1.43%
Noncurrent assets plus other real estate owned to assets 76.88%
Noncurrent loans to loans 1.20%
Net loans and leases to deposits1.87%
Net loans and leases to core deposits 85.08%
Equity capital to assets 87.32%
Core capital (leverage) ratio 11.22%
Tier 1 risk-based capital ratio 7.89%
Total risk-based capital ratio 11.10%
Average assets$12
Average earning assets$559,528
Average equity $63,414
Average loans $495,826
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Total Fiduciary and Related Assets (December 31, 2011)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$101,947
Number of Accounts1
Personal trust and agency accounts$71,897
Employee benefit-defined contribution accounts$50,604
Employee benefit-defined benefit accounts$1,925
Other retirement accounts$0
Corporate trust and agency accounts$2,299
Investment management agency accounts$0
Other fiduciary accounts$16,229
Fiduciary accounts held in foreign offices$840
Non-managed Assets$0
Number of Accounts394
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$2,299
Employee benefit-defined benefit accounts$0
Other retirement accounts$30,050
Corporate trust and agency accounts$1
Other fiduciary accounts$12,224
Fiduciary accounts held in foreign offices$11,278
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14 Iowa Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
08872Lincoln Savings Bank301 Washington Street, Cedar Falls, IA 50613January 01, 1902Full Service Brick and Mortar
2231163Lincoln Branch313-315 Main Street, Lincoln, IA 50652March 30, 1934Full Service Brick and Mortar
36716Allison Branch400-404 Main Street, Allison, IA 50602January 01, 1881Full Service Brick and Mortar
411249Aplington Branch932 Parrott, Aplington, IA 50604January 01, 1911Full Service Brick and Mortar
68535Garwin Branch237 Main Street, Garwin, IA 50632January 01, 1912Full Service Brick and Mortar
711250Greene Branch111 East Traer, Greene, IA 50636November 07, 1887Full Service Brick and Mortar
89029Nashua Branch121 Cedar Street, Nashua, IA 50658January 01, 1874Full Service Brick and Mortar
9231164Reinbeck Branch508 Main Street, Reinbeck, IA 50669Febuary 11, 2000Full Service Brick and Mortar
108063Hudson Branch141 Eldora Road, Hudson, IA 50643June 07, 1927Full Service Brick and Mortar
12363534Tower Park Branch242 Tower Park Drive, Waterloo, IA 50701March 26, 2002Full Service Brick and Mortar
13423193Viking Road Branch225 West Viking Road, Cedar Falls, IA 50613October 15, 2003Full Service Brick and Mortar
14181402Tama Branch214 West Fourth Street, Tama, IA 52339August 19, 1996Full Service Brick and Mortar
15488159Grinnell Branch1025 Main St, Grinnell, IA 50112December 15, 2008Full Service Brick and Mortar
17494347Waverly Branch1810 4th St Sw Suite 105, Waverly, IA 50677March 30, 2009Full Service Brick and Mortar
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