Melvin Savings Bank in Melvin, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Melvin Savings Bank - Overview

  • General
  • FDIC Certificate #: 256
    Status: Active
    Federal Reserve ID: 764441
    Bank Holding Company (Regulatory Top Holder): Benz Holding Company (RSSDID: 1205428, Location: Melvin, IA)
    Date Established: January 01, 1912
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 205
    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: No
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: January 01, 1934
    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: 260 Main Street, Melvin, IA 51350
    County: Osceola
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Sioux City
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
  • History of Changes
  • Corrections
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $56.1 mil
    Equity capital: $10.6 mil
    Deposits held in domestic offices: $45.3 mil
    Return on assets (ROA): 0.84% ($0.5 mil)
    Quarterly return on assets: -0.28% (-$0.2 mil)
    Return on Equity (ROE): 4.15% ($0.5 mil)
    Quarterly return on equity: -1.41% (-$0.2 mil)
    Net income: $0.5 mil
    Quarterly Net income: -$0.0 mil
    Pretax return on assets: 1.14% ($639.1 mil)
    Quarterly Pretax return on assets: 0.01% ($5.6 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
  • 10Total employees (full-time equivalent)
  • $56,062Total assets
  • $5,512Cash and due from depository institutions
  • $3,332Interest-bearing balances
  • $24,793Securities
  • $2,423Federal funds sold & reverse repurchase agreements
  • $21,617Net loans & leases
  • $449Loan loss allowance
  • $0Trading account assets
  • $878Bank premises and fixed assets
  • $0Other real estate owned
  • $231Goodwill and other intangibles
  • $56,062Life insurance assets
  • $608All other assets
  • $45,505Total liabilities and capital
  • $45,284Total liabilities
  • $39,129Total deposits
  • $45,284Interest-bearing deposits
  • $88Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $221Subordinated debt
  • $10,557All other liabilities
  • $10,557Total equity capital
  • $10,557Total bank equity capital
  • $0Perpetual preferred stock
  • $166Common stock
  • $820Surplus
  • $9,571Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $9Income earned, not collected on loans
  • $0Earning assets
  • $529Long-term assets (5+ years)
  • $52,165Average Assets, year-to-date
  • $12,633Average Assets, quarterly
  • $54,943Volatile liabilities
  • $56,149Insider loans
  • $40,430FHLB advances
  • $57,145Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $10,291Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $3,841Restructured Loans and leases
  • $758Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,050Total interest income
  • $427Total interest expense
  • $1,623Net interest income
  • $0Provision for loan and lease losses
  • $185Total noninterest income
  • $0Fiduciary activities
  • $127Service charges on deposit accounts
  • $0Trading account gains & fees
  • $58Additional noninterest income
  • $1,180Total noninterest expense
  • $745Salaries and employee benefits
  • $156Premises and equipment expense
  • $279Additional noninterest expense
  • $628Pre-tax net operating income
  • $0Securities gains (losses)
  • $165Applicable income taxes
  • $463Income before extraordinary items
  • $0Extraordinary gains - net
  • $463Net income attributable to bank
  • $0Net charge-offs
  • $463Cash dividends
  • $5Sale, conversion, retirement of capital stock, net
  • $87Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.99%Yield on earning assets
  • 0.83%Cost of funding earning assets
  • 3.16%Net interest margin
  • 0.36%Noninterest income to earning assets
  • 2.30%Noninterest expense to earning assets
  • 0.84%Net operating income to assets
  • 0.84%Return on assets (ROA)
  • 1.14%Pretax return on assets
  • 4.15%Return on equity (ROE)
  • 3.37%Retained earnings to average equity (YTD only)
  • 0.02%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 125.60%Efficiency ratio
  • 65,265Assets per employee
  • 5.61%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 18.79%Loss allowance to loans
  • 2.03%Loss allowance to noncurrent loans
  • 4988.89%Noncurrent assets plus other real estate owned to assets
  • 0.02%Noncurrent loans to loans
  • 0.04%Net loans and leases to deposits
  • 47.74%Net loans and leases to core deposits
  • 48.00%Equity capital to assets
  • 18.83%Core capital (leverage) ratio
  • 18.01%Tier 1 risk-based capital ratio
  • 25.45%Total risk-based capital ratio
  • Memoranda
  • $27Average assets
  • $54,943Average earning assets
  • $11,157Average equity
  • $51,377Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $284Managed Assets
  • 1Number of Accounts
  • $212Personal trust and agency accounts
  • $212Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 17Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $72Other retirement accounts
  • $72Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 2 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0205Melvin Savings Bank260 Main Street, Melvin, IA 51350January 01, 1912Full Service Brick and Mortar
    1274221Sibley Branch721 Second Avenue, Sibley, IA 51249January 01, 1934Full Service Brick and Mortar

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