Northwoods State Bank in Mason City, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Northwoods State Bank - Overview

  • General
  • FDIC Certificate #: 8094
    Status: Active
    Federal Reserve ID: 253646
    Bank Holding Company (Regulatory Top Holder): Northwood Financial Services Corporation (RSSDID: 1204841, Location: Northwood, IA)
    Date Established: January 01, 1933
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 10555
    FDIC's unique #: 5148
    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: 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: 2650 4th Street, S.W., Mason City, IA 50401
    County: Cerro Gordo
    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
    Core Based Statistical Area (CBSA): Mason City, IA (#32380)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $153.0 mil
    Equity capital: $13.5 mil
    Deposits held in domestic offices: $129.2 mil
    Return on assets (ROA): 1.98% ($3.0 mil)
    Quarterly return on assets: 1.90% ($2.9 mil)
    Return on Equity (ROE): 23.42% ($3.3 mil)
    Quarterly return on equity: 21.44% ($3.0 mil)
    Net income: $2.9 mil
    Quarterly Net income: $0.7 mil
    Pretax return on assets: 2.04% ($3,121.6 mil)
    Quarterly Pretax return on assets: 1.86% ($2,846.2 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
  • 28Total employees (full-time equivalent)
  • $153,021Total assets
  • $3,701Cash and due from depository institutions
  • $212Interest-bearing balances
  • $39,597Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $102,803Net loans & leases
  • $910Loan loss allowance
  • $0Trading account assets
  • $1,645Bank premises and fixed assets
  • $591Other real estate owned
  • $313Goodwill and other intangibles
  • $153,020Life insurance assets
  • $4,371All other assets
  • $139,492Total liabilities and capital
  • $129,159Total liabilities
  • $104,610Total deposits
  • $129,159Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 5147.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $4,000Trading liabilities
  • $0Other borrowed funds
  • $1,186Subordinated debt
  • $13,528All other liabilities
  • $13,528Total equity capital
  • $13,528Total bank equity capital
  • $0Perpetual preferred stock
  • $800Common stock
  • $1,675Surplus
  • $11,053Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $429Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $477Income earned, not collected on loans
  • $0Earning assets
  • $815Long-term assets (5+ years)
  • $142,612Average Assets, year-to-date
  • $48,331Average Assets, quarterly
  • $145,315Volatile liabilities
  • $150,352Insider loans
  • $112,745FHLB advances
  • $150,800Loans and leases held for sale
  • $2,251Unused loan commitments
  • $2,251Tier 1 (core) risk-based capital
  • $12,501Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $14,088Restructured Loans and leases
  • $1,136Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,239Total interest income
  • $989Total interest expense
  • $5,250Net interest income
  • $150Provision for loan and lease losses
  • $974Total noninterest income
  • $1Fiduciary activities
  • $332Service charges on deposit accounts
  • $0Trading account gains & fees
  • $641Additional noninterest income
  • $3,297Total noninterest expense
  • $1,983Salaries and employee benefits
  • $389Premises and equipment expense
  • $925Additional noninterest expense
  • $2,777Pre-tax net operating income
  • $191Securities gains (losses)
  • $98Applicable income taxes
  • $2,870Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,870Net income attributable to bank
  • $0Net charge-offs
  • $2,870Cash dividends
  • $201Sale, conversion, retirement of capital stock, net
  • $1,200Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.60%Yield on earning assets
  • 0.73%Cost of funding earning assets
  • 3.87%Net interest margin
  • 0.72%Noninterest income to earning assets
  • 2.43%Noninterest expense to earning assets
  • 1.85%Net operating income to assets
  • 1.98%Return on assets (ROA)
  • 2.04%Pretax return on assets
  • 23.42%Return on equity (ROE)
  • 13.63%Retained earnings to average equity (YTD only)
  • 0.21%Net charge-offs to loans
  • 74.63%Credit loss provision to net charge-offs
  • 14.56%Efficiency ratio
  • 52,972Assets per employee
  • 5.47%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 41.81%Loss allowance to loans
  • 0.88%Loss allowance to noncurrent loans
  • 190.78%Noncurrent assets plus other real estate owned to assets
  • 0.70%Noncurrent loans to loans
  • 0.46%Net loans and leases to deposits
  • 79.59%Net loans and leases to core deposits
  • 82.41%Equity capital to assets
  • 8.84%Core capital (leverage) ratio
  • 8.29%Tier 1 risk-based capital ratio
  • 11.09%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $145,315Average earning assets
  • $12,256Average equity
  • $135,740Average 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
  • $197Managed Assets
  • 1Number 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
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 27Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $197Other retirement accounts
  • $197Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 3 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    05148Northwoods State Bank2650 4th Street, S.W., Mason City, IA 50401January 01, 1933Full Service Brick and Mortar
    1276986Regency Branch451 South Illinois Avenue, Mason City, IA 50401September 21, 1936Full Service Brick and Mortar
    5217916Northwood Branch900 Central Avenue, Northwood, IA 50459June 07, 1999Full Service Brick and Mortar

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