Marion County State Bank in Pella, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Marion County State Bank - Overview

  • General
  • FDIC Certificate #: 15272
    Status: Active
    Federal Reserve ID: 97943
    Bank Holding Company (Regulatory Top Holder): Pella Financial Group, Inc. (RSSDID: 1200245, Location: Pella, IA)
    Date Established: September 21, 1935
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 16045
    FDIC's unique #: 9617
    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: September 21, 1935
    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: 800 Main Street, Pella, IA 50219
    County: Marion
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Des Moines
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Combined Statistical Area (CSA): Des Moines-Newton-Pella, IA (#218)
    Core Based Statistical Area (CBSA): Pella, IA (#37800)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $244.5 mil
    Equity capital: $27.5 mil
    Deposits held in domestic offices: $192.7 mil
    Return on assets (ROA): 2.32% ($5.7 mil)
    Quarterly return on assets: 2.11% ($5.1 mil)
    Return on Equity (ROE): 21.02% ($5.9 mil)
    Quarterly return on equity: 18.12% ($5.1 mil)
    Net income: $5.3 mil
    Quarterly Net income: $1.2 mil
    Pretax return on assets: 2.44% ($5,965.1 mil)
    Quarterly Pretax return on assets: 2.20% ($5,378.4 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
  • 29Total employees (full-time equivalent)
  • $244,472Total assets
  • $7,843Cash and due from depository institutions
  • $2,747Interest-bearing balances
  • $79,988Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $152,278Net loans & leases
  • $1,179Loan loss allowance
  • $0Trading account assets
  • $673Bank premises and fixed assets
  • $337Other real estate owned
  • $0Goodwill and other intangibles
  • $244,472Life insurance assets
  • $3,353All other assets
  • $216,937Total liabilities and capital
  • $192,670Total liabilities
  • $168,976Total deposits
  • $192,670Interest-bearing deposits
  • $79Deposits held in domestic offices
  • 6000.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $17,626Trading liabilities
  • $0Other borrowed funds
  • $641Subordinated debt
  • $27,535All other liabilities
  • $27,535Total equity capital
  • $27,535Total bank equity capital
  • $0Perpetual preferred stock
  • $432Common stock
  • $5,474Surplus
  • $21,629Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $330Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $481Income earned, not collected on loans
  • $0Earning assets
  • $1,746Long-term assets (5+ years)
  • $235,013Average Assets, year-to-date
  • $103,972Average Assets, quarterly
  • $227,632Volatile liabilities
  • $234,805Insider loans
  • $164,207FHLB advances
  • $228,621Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $22,841Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $30,796Restructured Loans and leases
  • $3,882Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $10,733Total interest income
  • $2,449Total interest expense
  • $8,284Net interest income
  • $25Provision for loan and lease losses
  • $1,246Total noninterest income
  • $0Fiduciary activities
  • $323Service charges on deposit accounts
  • $0Trading account gains & fees
  • $923Additional noninterest income
  • $3,958Total noninterest expense
  • $2,736Salaries and employee benefits
  • $348Premises and equipment expense
  • $874Additional noninterest expense
  • $5,547Pre-tax net operating income
  • $5Securities gains (losses)
  • $266Applicable income taxes
  • $5,286Income before extraordinary items
  • $0Extraordinary gains - net
  • $5,286Net income attributable to bank
  • $0Net charge-offs
  • $5,286Cash dividends
  • $268Sale, conversion, retirement of capital stock, net
  • $4,072Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.90%Yield on earning assets
  • 1.12%Cost of funding earning assets
  • 3.78%Net interest margin
  • 0.57%Noninterest income to earning assets
  • 1.81%Noninterest expense to earning assets
  • 2.32%Net operating income to assets
  • 2.32%Return on assets (ROA)
  • 2.44%Pretax return on assets
  • 21.02%Return on equity (ROE)
  • 4.83%Retained earnings to average equity (YTD only)
  • 0.18%Net charge-offs to loans
  • 9.33%Credit loss provision to net charge-offs
  • 20.79%Efficiency ratio
  • 41,532Assets per employee
  • 8.43%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 77.03%Loss allowance to loans
  • 0.77%Loss allowance to noncurrent loans
  • 245.11%Noncurrent assets plus other real estate owned to assets
  • 0.33%Noncurrent loans to loans
  • 0.31%Net loans and leases to deposits
  • 79.04%Net loans and leases to core deposits
  • 85.57%Equity capital to assets
  • 11.26%Core capital (leverage) ratio
  • 9.99%Tier 1 risk-based capital ratio
  • 13.91%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $227,632Average earning assets
  • $25,147Average equity
  • $218,998Average loans

List of branches

  • 2 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    09617Marion County State Bank800 Main Street, Pella, IA 50219September 21, 1935Full Service Brick and Mortar
    2233564Motor Branch414 Main Street, Pella, IA 50219January 05, 1976Limited Service Facility

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