Luana Savings Bank in Luana, Iowa (IA)



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Luana Savings Bank
GeneralFDIC Certificate #: 253
Status: Active
Federal Reserve ID: 674849
Bank Holding Company (Regulatory Top Holder): Luana Bancorporation (RSSDID: 1209211, Location: Luana, IA)
Date Established: August 01, 1908
WWW: http://www.luanasavingsbank.com
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 4 (Domestic: 4, Interstate: No)
OTS Docket #: 10130
FDIC's unique #: 202
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: Yes
Asset Concentration Hierarchy: Agricultural Specialization
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: April 08, 2009
Last Structure Change Process Date: April 08, 2009
Last Data Update: April 08, 2009
Data Source Date: April 05, 2012
LocationAddress: 100 Harvest Drive, Luana, IA 52156
County: Clayton
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 ChangesChange in Location
Financial SummaryTotal assets: $453.2 mil
Equity capital: $42.4 mil
Deposits held in domestic offices: $376.8 mil
Return on assets (ROA): 1.56% ($7.1 mil)
Quarterly return on assets: 0.33% ($1.5 mil)
Return on Equity (ROE): 16.85% ($7.1 mil)
Quarterly return on equity: 3.48% ($1.5 mil)
Net income: $6.5 mil
Quarterly Net income: $0.4 mil
Pretax return on assets: 1.69% ($7,659.3 mil)
Quarterly Pretax return on assets: 0.54% ($2,447.4 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)
Total employees (full-time equivalent)51
Total assets$453,215
Cash and due from depository institutions$31,228
Interest-bearing balances$26,504
Securities$62,191
Federal funds sold & reverse repurchase agreements$4,411
Net loans & leases$334,227
Loan loss allowance $4,250
Trading account assets$0
Bank premises and fixed assets$5,049
Other real estate owned$2,708
Goodwill and other intangibles$2,140
All other assets$11,261
Life insurance assets$453,215
Total liabilities and capital$410,809
Total liabilities$376,842
Total deposits$357,916
Interest-bearing deposits$376,842
Deposits held in domestic offices$73
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$32,600
Other borrowed funds $0
Subordinated debt $1,367
All other liabilities $42,406
Total equity capital$42,406
Total bank equity capital$42,406
Perpetual preferred stock$0
Common stock$250
Surplus$17,326
Undivided profits $24,830
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $229
Earning assets $0
Long-term assets (5+ years) $3,515
Average Assets, year-to-date $427,333
Average Assets, quarterly $200,622
Volatile liabilities $417,855
Insider loans $441,238
FHLB advances $351,590
Loans and leases held for sale $434,772
Unused loan commitments $2,270
Tier 1 (core) risk-based capital $2,270
Tier 2 risk-based capital $37,980
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $29,423
Derivatives$5,837
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $19,711
Total interest expense $6,103
Net interest income $13,608
Provision for loan and lease losses $888
Total noninterest income $2,667
Fiduciary activities $0
Service charges on deposit accounts $556
Trading account gains & fees $0
Additional noninterest income $2,111
Total noninterest expense $8,334
Salaries and employee benefits $3,665
Premises and equipment expense $684
Additional noninterest expense $3,985
Pre-tax net operating income $7,053
Securities gains (losses) $0
Applicable income taxes $514
Income before extraordinary items $6,539
Extraordinary gains - net $0
Net income attributable to bank $6,539
Net charge-offs $0
Cash dividends $6,539
Sale, conversion, retirement of capital stock, net $38
Net operating income $4,127
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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 1.55%
Net interest margin 3.46%
Noninterest income to earning assets 0.68%
Noninterest expense to earning assets 2.12%
Net operating income to assets 1.56%
Return on assets (ROA) 1.56%
Pretax return on assets 1.69%
Return on equity (ROE) 16.85%
Retained earnings to average equity (YTD only) 6.21%
Net charge-offs to loans 0.01%
Credit loss provision to net charge-offs 2336.84%
Efficiency ratio208.97%
Assets per employee$51,207
Cash dividends to net income (YTD only)8.89%
Condition Ratios (%)
Loss allowance to loans 63.11%
Loss allowance to noncurrent loans 1.26%
Noncurrent assets plus other real estate owned to assets 1855.90%
Noncurrent loans to loans 0.65%
Net loans and leases to deposits0.07%
Net loans and leases to core deposits 88.69%
Equity capital to assets 164.09%
Core capital (leverage) ratio 9.36%
Tier 1 risk-based capital ratio 8.74%
Total risk-based capital ratio 10.80%
Memoranda
Average assets$12
Average earning assets$417,855
Average equity $38,814
Average loans $393,081
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Total Fiduciary and Related Assets (December 31, 2010)
(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$273
Number of Accounts1
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$0
Investment management agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts37
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$273
Corporate trust and agency accounts$273
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
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4 Iowa Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
0202Luana Savings Bank100 Harvest Drive, Luana, IA 52156August 01, 1908Full Service Brick and Mortar
1366311Ossian Branch123 East Main Street, Ossian, IA 52161Febuary 10, 2003Full Service Brick and Mortar
22961New Hampton Branch22 West Main Street, New Hampton, IA 50659January 01, 1869Full Service Brick and Mortar
3431418Polk City Branch755 West Bridge Road, Polk City, IA 50226July 21, 2004Full Service Brick and Mortar
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