Page County State Bank in Clarinda, Iowa (IA)

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Page County State Bank routing number info

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Page County State Bank
GeneralFDIC 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
LocationAddress: 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 ChangesMerge BIF and SAIF Funds into DIF
Change in Location
Financial SummaryTotal 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)
Total employees (full-time equivalent)18
Total assets$88,059
Cash and due from depository institutions$6,099
Interest-bearing balances$5,122
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$40,889
Loan loss allowance $362
Trading account assets$0
Bank premises and fixed assets$1,916
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$1,246
Life insurance assets$88,059
Total liabilities and capital$77,046
Total liabilities$75,971
Total deposits$64,746
Interest-bearing deposits$75,971
Deposits held in domestic offices$95
% insured (estimated)205.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $870
All other liabilities $11,013
Total equity capital$11,013
Total bank equity capital$11,013
Perpetual preferred stock$0
Common stock$400
Undivided profits $9,763
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 $1,143
Earning assets $0
Long-term assets (5+ years) $904
Average Assets, year-to-date $83,920
Average Assets, quarterly $30,016
Volatile liabilities $83,863
Insider loans $87,279
FHLB advances $60,860
Loans and leases held for sale $87,068
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $11,013
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $8,831
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $3,732
Total interest expense $701
Net interest income $3,031
Provision for loan and lease losses $233
Total noninterest income $887
Fiduciary activities $24
Service charges on deposit accounts $483
Trading account gains & fees $0
Additional noninterest income $380
Total noninterest expense $2,491
Salaries and employee benefits $1,213
Premises and equipment expense $361
Additional noninterest expense $917
Pre-tax net operating income $1,194
Securities gains (losses) -$2
Applicable income taxes $58
Income before extraordinary items $1,134
Extraordinary gains - net $0
Net income attributable to bank $1,134
Net charge-offs $0
Cash dividends $1,134
Sale, conversion, retirement of capital stock, net $125
Net operating income $191
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.72%
Cost of funding earning assets 0.89%
Net interest margin 3.83%
Noninterest income to earning assets 1.12%
Noninterest expense to earning assets 3.15%
Net operating income to assets 1.35%
Return on assets (ROA) 1.35%
Pretax return on assets 1.42%
Return on equity (ROE) 10.74%
Retained earnings to average equity (YTD only) 8.93%
Net charge-offs to loans 0.32%
Credit loss provision to net charge-offs 186.40%
Efficiency ratio11.42%
Assets per employee$63,578
Cash dividends to net income (YTD only)4.89%
Condition Ratios (%)
Loss allowance to loans 16.84%
Loss allowance to noncurrent loans 0.88%
Noncurrent assets plus other real estate owned to assets 31.67%
Noncurrent loans to loans 1.30%
Net loans and leases to deposits2.77%
Net loans and leases to core deposits 53.82%
Equity capital to assets 54.26%
Core capital (leverage) ratio 12.51%
Tier 1 risk-based capital ratio 12.65%
Total risk-based capital ratio 18.10%
Average assets$19
Average earning assets$83,863
Average equity $10,554
Average loans $79,100
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Total Fiduciary and Related Assets (December 31, 2011)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$6,073
Number of Accounts1
Personal trust and agency accounts$6,073
Employee benefit-defined contribution accounts$6,073
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$0
Investment management agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts8
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
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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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