Page County State Bank in Clarinda, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Page County State Bank - Overview

  • General
  • FDIC Certificate #: 14522
    Status: Active
    Federal Reserve ID: 188449
    Bank Holding Company (Regulatory Top Holder): Whitmore Company, Inc. (RSSDID: 1200049, Location: Corning, IA)
    Date Established: January 01, 1866
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 9075
    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: June 28, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: June 16, 2010
    Last Data Update: June 16, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 120 East Washington St, Clarinda, IA 51632
    County: Page
    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
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
    Change in Location
  • Financial Summary
  • Total assets: $88.1 mil
    Equity capital: $11.0 mil
    Deposits held in domestic offices: $76.0 mil
    Return on assets (ROA): 1.35% ($1.2 mil)
    Quarterly return on assets: 1.03% ($0.9 mil)
    Return on Equity (ROE): 10.74% ($1.2 mil)
    Quarterly return on equity: 8.19% ($0.9 mil)
    Net income: $1.1 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 1.42% ($1,250.4 mil)
    Quarterly Pretax return on assets: 1.16% ($1,021.5 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
  • 18Total employees (full-time equivalent)
  • $88,059Total assets
  • $6,099Cash and due from depository institutions
  • $5,122Interest-bearing balances
  • $37,909Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $40,889Net loans & leases
  • $362Loan loss allowance
  • $0Trading account assets
  • $1,916Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $88,059Life insurance assets
  • $1,246All other assets
  • $77,046Total liabilities and capital
  • $75,971Total liabilities
  • $64,746Total deposits
  • $75,971Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 205.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $870Subordinated debt
  • $11,013All other liabilities
  • $11,013Total equity capital
  • $11,013Total bank equity capital
  • $0Perpetual preferred stock
  • $400Common stock
  • $850Surplus
  • $9,763Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,143Income earned, not collected on loans
  • $0Earning assets
  • $904Long-term assets (5+ years)
  • $83,920Average Assets, year-to-date
  • $30,016Average Assets, quarterly
  • $83,863Volatile liabilities
  • $87,279Insider loans
  • $60,860FHLB advances
  • $87,068Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $11,013Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $8,831Restructured Loans and leases
  • $147Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,732Total interest income
  • $701Total interest expense
  • $3,031Net interest income
  • $233Provision for loan and lease losses
  • $887Total noninterest income
  • $24Fiduciary activities
  • $483Service charges on deposit accounts
  • $0Trading account gains & fees
  • $380Additional noninterest income
  • $2,491Total noninterest expense
  • $1,213Salaries and employee benefits
  • $361Premises and equipment expense
  • $917Additional noninterest expense
  • $1,194Pre-tax net operating income
  • -$2Securities gains (losses)
  • $58Applicable income taxes
  • $1,134Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,134Net income attributable to bank
  • $0Net charge-offs
  • $1,134Cash dividends
  • $125Sale, conversion, retirement of capital stock, net
  • $191Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.72%Yield on earning assets
  • 0.89%Cost of funding earning assets
  • 3.83%Net interest margin
  • 1.12%Noninterest income to earning assets
  • 3.15%Noninterest expense to earning assets
  • 1.35%Net operating income to assets
  • 1.35%Return on assets (ROA)
  • 1.42%Pretax return on assets
  • 10.74%Return on equity (ROE)
  • 8.93%Retained earnings to average equity (YTD only)
  • 0.32%Net charge-offs to loans
  • 186.40%Credit loss provision to net charge-offs
  • 11.42%Efficiency ratio
  • 63,578Assets per employee
  • 4.89%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 16.84%Loss allowance to loans
  • 0.88%Loss allowance to noncurrent loans
  • 31.67%Noncurrent assets plus other real estate owned to assets
  • 1.30%Noncurrent loans to loans
  • 2.77%Net loans and leases to deposits
  • 53.82%Net loans and leases to core deposits
  • 54.26%Equity capital to assets
  • 12.51%Core capital (leverage) ratio
  • 12.65%Tier 1 risk-based capital ratio
  • 18.10%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $83,863Average earning assets
  • $10,554Average equity
  • $79,100Average 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
  • $6,073Managed Assets
  • 1Number of Accounts
  • $6,073Personal trust and agency accounts
  • $6,073Employee 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
  • 8Number 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

  • 2 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    09075Page County State Bank120 East Washington St, Clarinda, IA 51632January 01, 1866Full Service Brick and Mortar
    2479130Consumer Branch1201 South 16th St, Clarinda, IA 51632June 30, 2008Full Service Brick and Mortar

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