Patriot Bank in Brooklyn, Iowa (IA)



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Patriot Bank routing number info

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Patriot Bank
GeneralFDIC Certificate #: 14783
Status: Active
Federal Reserve ID: 180041
Bank Holding Company (Regulatory Top Holder): Gibson Investment Company (RSSDID: 1203666, Location: Clive, IA)
Date Established: January 01, 1904
WWW: http://www.patriotbankia.com
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Domestic: 3, Interstate: No)
OTS Docket #: 13996
FDIC's unique #: 9246
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: October 03, 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
LocationAddress: 104 Jackson Street, Brooklyn, IA 52211
County: Poweshiek
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
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $61.1 mil
Equity capital: $3.7 mil
Deposits held in domestic offices: $56.2 mil
Return on assets (ROA): -1.34% (-$0.8 mil)
Quarterly return on assets: -1.17% (-$0.7 mil)
Return on Equity (ROE): -20.73% (-$0.8 mil)
Quarterly return on equity: -18.44% (-$0.7 mil)
Net income: -$0.8 mil
Quarterly Net income: -$0.2 mil
Pretax return on assets: -1.42% (-$867.2 mil)
Quarterly Pretax return on assets: -1.25% (-$763.4 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)24
Total assets$61,071
Cash and due from depository institutions$8,108
Interest-bearing balances$7,234
Securities$18,902
Federal funds sold & reverse repurchase agreements$721
Net loans & leases$24,651
Loan loss allowance $704
Trading account assets$0
Bank premises and fixed assets$2,223
Other real estate owned$3,477
Goodwill and other intangibles$0
All other assets$2,989
Life insurance assets$61,071
Total liabilities and capital$57,352
Total liabilities$56,151
Total deposits$51,405
Interest-bearing deposits$56,151
Deposits held in domestic offices$92
% insured (estimated)1055.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $146
All other liabilities $3,719
Total equity capital$3,719
Total bank equity capital$3,719
Perpetual preferred stock$0
Common stock$300
Surplus$2,755
Undivided profits $664
Memoranda
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 $711
Earning assets $268
Long-term assets (5+ years) $412
Average Assets, year-to-date $51,508
Average Assets, quarterly $12,639
Volatile liabilities $59,786
Insider loans $59,615
FHLB advances $31,921
Loans and leases held for sale $61,838
Unused loan commitments $2,175
Tier 1 (core) risk-based capital $2,175
Tier 2 risk-based capital $3,119
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $4,917
Derivatives$633
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $2,423
Total interest expense $428
Net interest income $1,995
Provision for loan and lease losses $0
Total noninterest income -$250
Fiduciary activities $0
Service charges on deposit accounts $124
Trading account gains & fees $0
Additional noninterest income -$374
Total noninterest expense $2,593
Salaries and employee benefits $1,357
Premises and equipment expense $387
Additional noninterest expense $849
Pre-tax net operating income -$848
Securities gains (losses) $0
Applicable income taxes -$46
Income before extraordinary items -$802
Extraordinary gains - net $0
Net income attributable to bank -$802
Net charge-offs $0
Cash dividends -$802
Sale, conversion, retirement of capital stock, net $190
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.91%
Cost of funding earning assets 0.87%
Net interest margin 4.04%
Noninterest income to earning assets -0.51%
Noninterest expense to earning assets 5.26%
Net operating income to assets -1.34%
Return on assets (ROA) -1.34%
Pretax return on assets -1.42%
Return on equity (ROE) -20.73%
Retained earnings to average equity (YTD only) -20.73%
Net charge-offs to loans 0.62%
Credit loss provision to net charge-offs 0.00%
Efficiency ratio-4.46%
Assets per employee$148,023
Cash dividends to net income (YTD only)2.54%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 2.78%
Noncurrent assets plus other real estate owned to assets 99.02%
Noncurrent loans to loans 6.86%
Net loans and leases to deposits2.80%
Net loans and leases to core deposits 43.90%
Equity capital to assets 46.88%
Core capital (leverage) ratio 6.09%
Tier 1 risk-based capital ratio 5.04%
Total risk-based capital ratio 9.77%
Memoranda
Average assets$11
Average earning assets$59,786
Average equity $3,869
Average loans $49,341
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Total Fiduciary and Related Assets (December 31, 2005)
(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$835
Number of Accounts1
Personal trust and agency accounts$835
Employee benefit-defined contribution accounts$835
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 Accounts3
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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3 Iowa Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
09246Patriot Bank104 Jackson Street, Brooklyn, IA 52211January 01, 1904Full Service Brick and Mortar
4242287East Main Street Branch129 East Main Street, Agency, IA 52530January 25, 1988Full Service Brick and Mortar
5441774Grinnell Branch619 Sixth Avenue, Grinnell, IA 50112May 03, 2005Full Service Brick and Mortar
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