Midstates Bank, National Association in Council Bluffs, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Midstates Bank, National Association - Overview

  • General
  • FDIC Certificate #: 4465
    Status: Active
    Federal Reserve ID: 728948
    Bank Holding Company (Regulatory Top Holder): Midstates Bancshares, Inc. (RSSDID: 1825367, Location: Harlan, IA)
    Date Established: January 01, 1913
    WWW: http://www.midstatesbank.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 6 (Domestic: 6, Interstate: No)
    OTS Docket #: 13627
    FDIC's unique #: 2950
    Numeric code: 3
    Regulator: OCC
    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: No
    Subchapter S Corporations: Yes
    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: 1851 Madison Avenue, Suite 17, Council Bluffs, IA 51503
    County: Pottawattamie
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Omaha
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Metropolitan Statistical Area (MSA): Omaha, NE-IA (#5920)
    Combined Statistical Area (CSA): Omaha-Council Bluffs-Fremont, NE-IA (#420)
    Core Based Statistical Area (CBSA): Omaha-Council Bluffs, NE-IA (#36540)
    CBSA Metro Statistical Area: Omaha-Council Bluffs, NE-IA (#36540)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $335.1 mil
    Equity capital: $39.1 mil
    Deposits held in domestic offices: $230.4 mil
    Return on assets (ROA): 1.64% ($5.5 mil)
    Quarterly return on assets: 1.85% ($6.2 mil)
    Return on Equity (ROE): 13.74% ($5.4 mil)
    Quarterly return on equity: 15.21% ($5.9 mil)
    Net income: $5.3 mil
    Quarterly Net income: $1.5 mil
    Pretax return on assets: 1.72% ($5,763.5 mil)
    Quarterly Pretax return on assets: 1.95% ($6,534.2 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
  • 72Total employees (full-time equivalent)
  • $335,089Total assets
  • $33,872Cash and due from depository institutions
  • $26,452Interest-bearing balances
  • $121,275Securities
  • $1,548Federal funds sold & reverse repurchase agreements
  • $163,817Net loans & leases
  • $5,465Loan loss allowance
  • $0Trading account assets
  • $1,987Bank premises and fixed assets
  • $1,320Other real estate owned
  • $0Goodwill and other intangibles
  • $335,089Life insurance assets
  • $11,270All other assets
  • $296,010Total liabilities and capital
  • $230,374Total liabilities
  • $185,862Total deposits
  • $230,374Interest-bearing deposits
  • $84Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $63,900Trading liabilities
  • $0Other borrowed funds
  • $1,736Subordinated debt
  • $39,079All other liabilities
  • $39,079Total equity capital
  • $39,079Total bank equity capital
  • $0Perpetual preferred stock
  • $1,027Common stock
  • $10,965Surplus
  • $27,087Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $111Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,923Income earned, not collected on loans
  • $0Earning assets
  • $4,933Long-term assets (5+ years)
  • $313,092Average Assets, year-to-date
  • $78,114Average Assets, quarterly
  • $326,504Volatile liabilities
  • $334,518Insider loans
  • $212,899FHLB advances
  • $338,576Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $35,115Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $36,119Restructured Loans and leases
  • $1,578Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $14,041Total interest income
  • $3,579Total interest expense
  • $10,462Net interest income
  • $0Provision for loan and lease losses
  • $2,888Total noninterest income
  • $340Fiduciary activities
  • $919Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,629Additional noninterest income
  • $7,749Total noninterest expense
  • $4,373Salaries and employee benefits
  • $1,222Premises and equipment expense
  • $2,154Additional noninterest expense
  • $5,601Pre-tax net operating income
  • $28Securities gains (losses)
  • $282Applicable income taxes
  • $5,347Income before extraordinary items
  • $0Extraordinary gains - net
  • $5,347Net income attributable to bank
  • $0Net charge-offs
  • $5,347Cash dividends
  • -$508Sale, conversion, retirement of capital stock, net
  • $5,270Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.59%Yield on earning assets
  • 1.17%Cost of funding earning assets
  • 3.42%Net interest margin
  • 0.94%Noninterest income to earning assets
  • 2.53%Noninterest expense to earning assets
  • 1.63%Net operating income to assets
  • 1.64%Return on assets (ROA)
  • 1.72%Pretax return on assets
  • 13.74%Return on equity (ROE)
  • 0.20%Retained earnings to average equity (YTD only)
  • -0.29%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 58,045Assets per employee
  • 4.65%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 98.56%Loss allowance to loans
  • 3.23%Loss allowance to noncurrent loans
  • 186.97%Noncurrent assets plus other real estate owned to assets
  • 1.99%Noncurrent loans to loans
  • 1.73%Net loans and leases to deposits
  • 71.11%Net loans and leases to core deposits
  • 72.13%Equity capital to assets
  • 11.66%Core capital (leverage) ratio
  • 10.37%Tier 1 risk-based capital ratio
  • 16.49%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $326,504Average earning assets
  • $38,919Average equity
  • $305,982Average 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
  • $5,146Managed Assets
  • 1Number of Accounts
  • $5,146Personal trust and agency accounts
  • $5,146Employee 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
  • 40Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 6 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    02950Midstates Bank, National Association1851 Madison Avenue, Suite 17, Council Bluffs, IA 51503January 01, 1913Full Service Brick and Mortar
    22960Missouri Valley Branch321 East Erie Street, Missouri Valley, IA 51555May 21, 1884Full Service Brick and Mortar
    38061Mondamin BranchMain Street, Mondamin, IA 51557April 29, 1912Full Service Brick and Mortar
    45429Avoca Branch206 N Elm Street, Avoca, IA 51521January 01, 1872Full Service Brick and Mortar
    5360875Main Office Branch812 Durant Street, Harlan, IA 51537March 05, 2001Full Service Brick and Mortar
    6465764Council Bluffs Branch35 Main Place, Suite 50, Council Bluffs, IA 51503Febuary 01, 2007Full Service Brick and Mortar

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