Maxwell State Bank in Maxwell, Iowa (IA)

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Maxwell State Bank
GeneralFDIC Certificate #: 15930
Status: Active
Federal Reserve ID: 694146
Bank Holding Company (Regulatory Top Holder): Dentel Bancorporation (RSSDID: 1133615, Location: Victor, IA)
Date Established: Febuary 01, 1943
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Domestic: 1, Interstate: No)
FDIC's unique #: 10162
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: Febuary 01, 1943
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: 122 Main Street, Maxwell, IA 50161
County: Story
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): Ames-Boone, IA (#112)
Core Based Statistical Area (CBSA): Ames, IA (#11180)
CBSA Metro Statistical Area: Ames, IA (#11180)
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $25.1 mil
Equity capital: $3.0 mil
Deposits held in domestic offices: $20.6 mil
Return on assets (ROA): 2.17% ($0.5 mil)
Quarterly return on assets: 2.09% ($0.5 mil)
Return on Equity (ROE): 18.36% ($0.6 mil)
Quarterly return on equity: 17.23% ($0.5 mil)
Net income: $0.5 mil
Quarterly Net income: $0.1 mil
Pretax return on assets: 2.29% ($575.3 mil)
Quarterly Pretax return on assets: 2.20% ($552.7 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)5
Total assets$25,121
Cash and due from depository institutions$2,013
Interest-bearing balances$99
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$10,363
Loan loss allowance $95
Trading account assets$0
Bank premises and fixed assets$179
Other real estate owned$0
Goodwill and other intangibles$274
All other assets$451
Life insurance assets$25,121
Total liabilities and capital$22,144
Total liabilities$20,585
Total deposits$17,445
Interest-bearing deposits$20,585
Deposits held in domestic offices$87
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$1,511
Other borrowed funds $0
Subordinated debt $48
All other liabilities $2,977
Total equity capital$2,977
Total bank equity capital$2,977
Perpetual preferred stock$0
Common stock$60
Undivided profits $1,467
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 $0
Earning assets $0
Long-term assets (5+ years) $263
Average Assets, year-to-date $22,303
Average Assets, quarterly $7,952
Volatile liabilities $24,708
Insider loans $24,522
FHLB advances $13,818
Loans and leases held for sale $23,852
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $2,646
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $1,614
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $1,111
Total interest expense $196
Net interest income $915
Provision for loan and lease losses $0
Total noninterest income $33
Fiduciary activities $0
Service charges on deposit accounts $29
Trading account gains & fees $0
Additional noninterest income $4
Total noninterest expense $383
Salaries and employee benefits $248
Premises and equipment expense $35
Additional noninterest expense $100
Pre-tax net operating income $565
Securities gains (losses) $0
Applicable income taxes $29
Income before extraordinary items $536
Extraordinary gains - net $0
Net income attributable to bank $536
Net charge-offs $0
Cash dividends $536
Sale, conversion, retirement of capital stock, net $0
Net operating income $375
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.92%
Cost of funding earning assets 0.87%
Net interest margin 4.06%
Noninterest income to earning assets 0.15%
Noninterest expense to earning assets 1.70%
Net operating income to assets 2.17%
Return on assets (ROA) 2.17%
Pretax return on assets 2.29%
Return on equity (ROE) 18.36%
Retained earnings to average equity (YTD only) 5.52%
Net charge-offs to loans 0.00%
Credit loss provision to net charge-offs 0.00%
Efficiency ratio0.00%
Assets per employee$40,401
Cash dividends to net income (YTD only)5.02%
Condition Ratios (%)
Loss allowance to loans 69.96%
Loss allowance to noncurrent loans 0.91%
Noncurrent assets plus other real estate owned to assets 0.00%
Noncurrent loans to loans 0.00%
Net loans and leases to deposits0.00%
Net loans and leases to core deposits 50.34%
Equity capital to assets 51.87%
Core capital (leverage) ratio 11.85%
Tier 1 risk-based capital ratio 11.09%
Total risk-based capital ratio 19.15%
Average assets$20
Average earning assets$24,708
Average equity $2,919
Average loans $22,561
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1 Iowa Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
010162Maxwell State Bank122 Main Street, Maxwell, IA 50161Febuary 01, 1943Full Service Brick and Mortar
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