Patriot Bank in Brooklyn, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Patriot Bank - Overview

  • General
  • FDIC 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
    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
  • Location
  • Address: 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 Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total 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
  • 24Total employees (full-time equivalent)
  • $61,071Total assets
  • $8,108Cash and due from depository institutions
  • $7,234Interest-bearing balances
  • $18,902Securities
  • $721Federal funds sold & reverse repurchase agreements
  • $24,651Net loans & leases
  • $704Loan loss allowance
  • $0Trading account assets
  • $2,223Bank premises and fixed assets
  • $3,477Other real estate owned
  • $0Goodwill and other intangibles
  • $61,071Life insurance assets
  • $2,989All other assets
  • $57,352Total liabilities and capital
  • $56,151Total liabilities
  • $51,405Total deposits
  • $56,151Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 1055.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $146Subordinated debt
  • $3,719All other liabilities
  • $3,719Total equity capital
  • $3,719Total bank equity capital
  • $0Perpetual preferred stock
  • $300Common stock
  • $2,755Surplus
  • $664Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $711Income earned, not collected on loans
  • $268Earning assets
  • $412Long-term assets (5+ years)
  • $51,508Average Assets, year-to-date
  • $12,639Average Assets, quarterly
  • $59,786Volatile liabilities
  • $59,615Insider loans
  • $31,921FHLB advances
  • $61,838Loans and leases held for sale
  • $2,175Unused loan commitments
  • $2,175Tier 1 (core) risk-based capital
  • $3,119Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $4,917Restructured Loans and leases
  • $633Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,423Total interest income
  • $428Total interest expense
  • $1,995Net interest income
  • $0Provision for loan and lease losses
  • -$250Total noninterest income
  • $0Fiduciary activities
  • $124Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$374Additional noninterest income
  • $2,593Total noninterest expense
  • $1,357Salaries and employee benefits
  • $387Premises and equipment expense
  • $849Additional noninterest expense
  • -$848Pre-tax net operating income
  • $0Securities gains (losses)
  • -$46Applicable income taxes
  • -$802Income before extraordinary items
  • $0Extraordinary gains - net
  • -$802Net income attributable to bank
  • $0Net charge-offs
  • -$802Cash dividends
  • $190Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.91%Yield on earning assets
  • 0.87%Cost of funding earning assets
  • 4.04%Net interest margin
  • -0.51%Noninterest income to earning assets
  • 5.26%Noninterest expense to earning assets
  • -1.34%Net operating income to assets
  • -1.34%Return on assets (ROA)
  • -1.42%Pretax return on assets
  • -20.73%Return on equity (ROE)
  • -20.73%Retained earnings to average equity (YTD only)
  • 0.62%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • -4.46%Efficiency ratio
  • 148,023Assets per employee
  • 2.54%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.78%Loss allowance to noncurrent loans
  • 99.02%Noncurrent assets plus other real estate owned to assets
  • 6.86%Noncurrent loans to loans
  • 2.80%Net loans and leases to deposits
  • 43.90%Net loans and leases to core deposits
  • 46.88%Equity capital to assets
  • 6.09%Core capital (leverage) ratio
  • 5.04%Tier 1 risk-based capital ratio
  • 9.77%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $59,786Average earning assets
  • $3,869Average equity
  • $49,341Average loans

Total Fiduciary and Related Assets (December 31, 2005)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $835Managed Assets
  • 1Number of Accounts
  • $835Personal trust and agency accounts
  • $835Employee 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
  • 3Number 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

  • 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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