Linn County State Bank in Coggon, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Linn County State Bank - Overview

  • General
  • FDIC Certificate #: 16311
    Status: Active
    Federal Reserve ID: 190246
    Bank Holding Company (Regulatory Top Holder): Iowa State Financial Services Corporation (RSSDID: 2858399, Location: Fairfield, IA)
    Date Established: September 17, 1945
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 10498
    Numeric code: 13
    Regulator: FED
    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: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: All Other Specialization < 1 Billion
    Date of Deposit Insurance: September 17, 1945
    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: 203 East Main Street, Coggon, IA 52218
    County: Linn
    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): Cedar Rapids, IA (#1360)
    Core Based Statistical Area (CBSA): Cedar Rapids, IA (#16300)
    CBSA Metro Statistical Area: Cedar Rapids, IA (#16300)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $28.5 mil
    Equity capital: $4.6 mil
    Deposits held in domestic offices: $20.0 mil
    Return on assets (ROA): 0.51% ($0.1 mil)
    Quarterly return on assets: 0.75% ($0.2 mil)
    Return on Equity (ROE): 2.95% ($0.1 mil)
    Quarterly return on equity: 4.50% ($0.2 mil)
    Net income: $0.1 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.67% ($190.8 mil)
    Quarterly Pretax return on assets: 1.02% ($290.5 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
  • 8Total employees (full-time equivalent)
  • $28,477Total assets
  • $5,013Cash and due from depository institutions
  • $4,428Interest-bearing balances
  • $2,550Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $16,522Net loans & leases
  • $169Loan loss allowance
  • $0Trading account assets
  • $1,428Bank premises and fixed assets
  • $95Other real estate owned
  • $1,752Goodwill and other intangibles
  • $28,477Life insurance assets
  • $1,117All other assets
  • $23,853Total liabilities and capital
  • $19,997Total liabilities
  • $15,709Total deposits
  • $19,997Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $3,618Trading liabilities
  • $0Other borrowed funds
  • $238Subordinated debt
  • $4,624All other liabilities
  • $4,624Total equity capital
  • $4,624Total bank equity capital
  • $0Perpetual preferred stock
  • $250Common stock
  • $4,565Surplus
  • $-191Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,121Income earned, not collected on loans
  • $1,121Earning assets
  • $135Long-term assets (5+ years)
  • $23,500Average Assets, year-to-date
  • $4,652Average Assets, quarterly
  • $26,530Volatile liabilities
  • $27,917Insider loans
  • $16,861FHLB advances
  • $26,515Loans and leases held for sale
  • $525Unused loan commitments
  • $525Tier 1 (core) risk-based capital
  • $2,870Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $759Restructured Loans and leases
  • $126Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,264Total interest income
  • $320Total interest expense
  • $944Net interest income
  • $0Provision for loan and lease losses
  • $147Total noninterest income
  • $0Fiduciary activities
  • $64Service charges on deposit accounts
  • $0Trading account gains & fees
  • $83Additional noninterest income
  • $914Total noninterest expense
  • $410Salaries and employee benefits
  • $234Premises and equipment expense
  • $270Additional noninterest expense
  • $177Pre-tax net operating income
  • $0Securities gains (losses)
  • $42Applicable income taxes
  • $135Income before extraordinary items
  • $0Extraordinary gains - net
  • $135Net income attributable to bank
  • $0Net charge-offs
  • $135Cash dividends
  • $13Sale, conversion, retirement of capital stock, net
  • $88Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.74%Yield on earning assets
  • 1.45%Cost of funding earning assets
  • 4.28%Net interest margin
  • 0.67%Noninterest income to earning assets
  • 4.15%Noninterest expense to earning assets
  • 0.51%Net operating income to assets
  • 0.51%Return on assets (ROA)
  • 0.67%Pretax return on assets
  • 2.95%Return on equity (ROE)
  • 1.03%Retained earnings to average equity (YTD only)
  • 0.08%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 13.62%Efficiency ratio
  • 83,776Assets per employee
  • 3.56%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 65.19%Loss allowance to loans
  • 1.01%Loss allowance to noncurrent loans
  • 15.08%Noncurrent assets plus other real estate owned to assets
  • 4.27%Noncurrent loans to loans
  • 6.72%Net loans and leases to deposits
  • 82.62%Net loans and leases to core deposits
  • 82.62%Equity capital to assets
  • 16.24%Core capital (leverage) ratio
  • 10.82%Tier 1 risk-based capital ratio
  • 17.02%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $26,530Average earning assets
  • $4,574Average equity
  • $22,034Average loans

List of branches

  • 2 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    010498Linn County State Bank203 East Main Street, Coggon, IA 52218September 17, 1945Full Service Brick and Mortar
    1493375Linn County State Bank Branch1295 Blairs Ferry Road, Marion, IA 52302Febuary 15, 2008Full Service Brick and Mortar

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