Panora State Bank in Panora, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Panora State Bank in Panora, Iowa (IA)
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Panora State Bank - Overview

  • General
  • FDIC Certificate #: 18001
    Status: Active
    Federal Reserve ID: 88240
    Bank Holding Company (Regulatory Top Holder): Dentel Bancorporation (RSSDID: 1133615, Location: Victor, IA)
    Date Established: May 18, 1959
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    OTS Docket #: 16105
    FDIC's unique #: 11931
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Other Specialized Lending < 1 Billion
    Date of Deposit Insurance: May 18, 1959
    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: 120 East Main, Panora, IA 50216
    County: Guthrie
    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
    Combined Statistical Area (CSA): Des Moines-Newton-Pella, IA (#218)
    Core Based Statistical Area (CBSA): Des Moines-West Des Moines, IA (#19780)
    CBSA Metro Statistical Area: Des Moines-West Des Moines, IA (#19780)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $62.6 mil
    Equity capital: $9.2 mil
    Deposits held in domestic offices: $51.0 mil
    Return on assets (ROA): 2.18% ($1.4 mil)
    Quarterly return on assets: 2.35% ($1.5 mil)
    Return on Equity (ROE): 15.80% ($1.4 mil)
    Quarterly return on equity: 15.69% ($1.4 mil)
    Net income: $1.3 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 2.27% ($1,420.7 mil)
    Quarterly Pretax return on assets: 2.44% ($1,527.1 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)
  • $62,585Total assets
  • $1,666Cash and due from depository institutions
  • $502Interest-bearing balances
  • $29,307Securities
  • $3,250Federal funds sold & reverse repurchase agreements
  • $24,447Net loans & leases
  • $189Loan loss allowance
  • $0Trading account assets
  • $353Bank premises and fixed assets
  • $0Other real estate owned
  • $2,667Goodwill and other intangibles
  • $62,585Life insurance assets
  • $895All other assets
  • $53,424Total liabilities and capital
  • $50,996Total liabilities
  • $46,632Total deposits
  • $50,996Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 1737.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $500Trading liabilities
  • $0Other borrowed funds
  • $191Subordinated debt
  • $9,161All other liabilities
  • $9,161Total equity capital
  • $9,161Total bank equity capital
  • $0Perpetual preferred stock
  • $218Common stock
  • $7,615Surplus
  • $1,328Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $522Long-term assets (5+ years)
  • $57,506Average Assets, year-to-date
  • $23,324Average Assets, quarterly
  • $59,345Volatile liabilities
  • $60,716Insider loans
  • $29,929FHLB advances
  • $57,951Loans and leases held for sale
  • $114Unused loan commitments
  • $114Tier 1 (core) risk-based capital
  • $5,759Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,896Restructured Loans and leases
  • $834Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,645Total interest income
  • $407Total interest expense
  • $2,238Net interest income
  • $119Provision for loan and lease losses
  • $98Total noninterest income
  • $0Fiduciary activities
  • $85Service charges on deposit accounts
  • $0Trading account gains & fees
  • $13Additional noninterest income
  • $885Total noninterest expense
  • $545Salaries and employee benefits
  • $141Premises and equipment expense
  • $199Additional noninterest expense
  • $1,332Pre-tax net operating income
  • $13Securities gains (losses)
  • $52Applicable income taxes
  • $1,293Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,293Net income attributable to bank
  • $0Net charge-offs
  • $1,293Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $700Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.87%Yield on earning assets
  • 0.75%Cost of funding earning assets
  • 4.12%Net interest margin
  • 0.18%Noninterest income to earning assets
  • 1.63%Noninterest expense to earning assets
  • 2.16%Net operating income to assets
  • 2.18%Return on assets (ROA)
  • 2.27%Pretax return on assets
  • 15.80%Return on equity (ROE)
  • 7.25%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 36,130Assets per employee
  • 6.26%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 54.14%Loss allowance to loans
  • 0.77%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 47.94%Net loans and leases to core deposits
  • 49.19%Equity capital to assets
  • 14.64%Core capital (leverage) ratio
  • 9.94%Tier 1 risk-based capital ratio
  • 19.24%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $59,345Average earning assets
  • $8,183Average equity
  • $54,287Average loans

Total Fiduciary and Related Assets (December 31, 2002)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $346Managed 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
  • 78Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $346Other retirement accounts
  • $346Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 1 Iowa Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    011931Panora State Bank120 East Main, Panora, IA 50216May 18, 1959Full Service Brick and Mortar

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