Maquoketa State Bank in Maquoketa, Iowa (IA)



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Maquoketa State Bank
GeneralFDIC Certificate #: 17903
Status: Active
Federal Reserve ID: 683449
Bank Holding Company (Regulatory Top Holder): Ohnward Bancshares, Inc. (RSSDID: 1200311, Location: Maquoketa, IA)
Date Established: September 02, 1958
WWW: http://www.maquoketasb.com
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 4 (Domestic: 4, Interstate: No)
OTS Docket #: 9612
FDIC's unique #: 11842
Numeric code: 13
Regulator: FED
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: September 02, 1958
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: 203 North Main Street, Maquoketa, IA 52060
County: Jackson
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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $299.8 mil
Equity capital: $39.5 mil
Deposits held in domestic offices: $221.8 mil
Return on assets (ROA): 1.24% ($3.7 mil)
Quarterly return on assets: 1.27% ($3.8 mil)
Return on Equity (ROE): 9.78% ($3.9 mil)
Quarterly return on equity: 9.71% ($3.9 mil)
Net income: $3.6 mil
Quarterly Net income: $1.0 mil
Pretax return on assets: 1.57% ($4,706.8 mil)
Quarterly Pretax return on assets: 1.60% ($4,796.7 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)62
Total assets$299,794
Cash and due from depository institutions$21,765
Interest-bearing balances$19,519
Securities$99,721
Federal funds sold & reverse repurchase agreements$3,000
Net loans & leases$162,570
Loan loss allowance $2,672
Trading account assets$0
Bank premises and fixed assets$1,456
Other real estate owned$550
Goodwill and other intangibles$0
All other assets$10,732
Life insurance assets$299,794
Total liabilities and capital$260,288
Total liabilities$221,753
Total deposits$191,436
Interest-bearing deposits$221,753
Deposits held in domestic offices$91
% insured (estimated)16976.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$19,337
Other borrowed funds $0
Subordinated debt $2,222
All other liabilities $39,506
Total equity capital$39,506
Total bank equity capital$39,506
Perpetual preferred stock$0
Common stock$875
Surplus$3,125
Undivided profits $35,506
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 $2,302
Earning assets $13
Long-term assets (5+ years) $2,116
Average Assets, year-to-date $284,810
Average Assets, quarterly $70,443
Volatile liabilities $295,369
Insider loans $299,881
FHLB advances $194,800
Loans and leases held for sale $302,901
Unused loan commitments $4,573
Tier 1 (core) risk-based capital $1,694
Tier 2 risk-based capital $37,391
Total risk weighted assets $0
Total unused commitments $2,879
Restructured Loans and leases $52,470
Derivatives$4,026
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $13,163
Total interest expense $4,011
Net interest income $9,152
Provision for loan and lease losses $570
Total noninterest income $2,262
Fiduciary activities $606
Service charges on deposit accounts $482
Trading account gains & fees $0
Additional noninterest income $1,174
Total noninterest expense $6,211
Salaries and employee benefits $3,720
Premises and equipment expense $511
Additional noninterest expense $1,980
Pre-tax net operating income $4,633
Securities gains (losses) $5
Applicable income taxes $988
Income before extraordinary items $3,650
Extraordinary gains - net $0
Net income attributable to bank $3,650
Net charge-offs $0
Cash dividends $3,650
Sale, conversion, retirement of capital stock, net $395
Net operating income $837
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.69%
Cost of funding earning assets 1.43%
Net interest margin 3.26%
Noninterest income to earning assets 0.81%
Noninterest expense to earning assets 2.21%
Net operating income to assets 1.23%
Return on assets (ROA) 1.24%
Pretax return on assets 1.57%
Return on equity (ROE) 9.78%
Retained earnings to average equity (YTD only) 7.54%
Net charge-offs to loans 0.24%
Credit loss provision to net charge-offs 144.30%
Efficiency ratio13.17%
Assets per employee$54,416
Cash dividends to net income (YTD only)4.84%
Condition Ratios (%)
Loss allowance to loans 22.93%
Loss allowance to noncurrent loans 1.62%
Noncurrent assets plus other real estate owned to assets 116.07%
Noncurrent loans to loans 0.95%
Net loans and leases to deposits1.39%
Net loans and leases to core deposits 73.31%
Equity capital to assets 75.43%
Core capital (leverage) ratio 13.18%
Tier 1 risk-based capital ratio 12.34%
Total risk-based capital ratio 19.19%
Memoranda
Average assets$20
Average earning assets$295,369
Average equity $37,310
Average loans $280,893
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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$68,847
Number of Accounts1
Personal trust and agency accounts$55,536
Employee benefit-defined contribution accounts$24,120
Employee benefit-defined benefit accounts$14,046
Other retirement accounts$0
Corporate trust and agency accounts$7,252
Investment management agency accounts$0
Other fiduciary accounts$10,118
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts241
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$7,252
Employee benefit-defined benefit accounts$0
Other retirement accounts$13,311
Corporate trust and agency accounts$0
Other fiduciary accounts$9,539
Fiduciary accounts held in foreign offices$2,223
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4 Iowa Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
011842Maquoketa State Bank203 North Main Street, Maquoketa, IA 52060September 02, 1958Full Service Brick and Mortar
1243119Westside Office112 Mckinsey Dr, Maquoketa, IA 52060March 31, 1980Full Service Brick and Mortar
2359030Andrew Branch16 West Benton, Andrew, IA 52030December 11, 2000Full Service Brick and Mortar
3420386Preston Branch131 West Gillet Streeet, Preston, IA 52069November 01, 2002Full Service Brick and Mortar
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