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

This bank is inactive as of January 01, 2006

  • Pella State Bank in Pella, Iowa (IA)
  • Show street view No street view available for this location

Pella State Bank - Overview

  • General
  • FDIC Certificate #: 34600
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: MidWestOne Bank (#14197)
    Federal Reserve ID: 2602800
    Date Established: December 08, 1997
    WWW: http://www.pellabank.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Interstate: No)
    OTS Docket #: 15530
    FDIC's unique #: 60764
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: December 08, 1997
    Last Structure Change Effective Date: January 01, 2006
    Last Structure Change Process Date: January 11, 2006
    Last Data Update: January 11, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 700 Main Street, Pella, IA 50219
    County: Marion
    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): Pella, IA (#37800)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $62.8 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, 2005)

  • Dollar figures in thousands
  • 13Total employees (full-time equivalent)
  • $62,829Total assets
  • $869Cash and due from depository institutions
  • $17Interest-bearing balances
  • $19,618Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $39,188Net loans & leases
  • $694Loan loss allowance
  • $0Trading account assets
  • $852Bank premises and fixed assets
  • $872Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $1,430All other assets
  • $62,829Total liabilities and capital
  • $57,500Total liabilities
  • $49,545Total deposits
  • $45,702Interest-bearing deposits
  • $49,545Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $4,560Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $3,000Other borrowed funds
  • $0Subordinated debt
  • $395All other liabilities
  • $5,329Total equity capital
  • $5,329Total bank equity capital
  • $5,329Perpetual preferred stock
  • $0Common stock
  • $500Surplus
  • $4,500Undivided profits
  • Memoranda
  • $329Noncurrent loans and leases
  • $3,695Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $2,228Earning assets
  • $0Long-term assets (5+ years)
  • $624Average Assets, year-to-date
  • $58,823Average Assets, quarterly
  • $5,872Volatile liabilities
  • $65,783Insider loans
  • $63,653FHLB advances
  • $15,393Loans and leases held for sale
  • $2,958Unused loan commitments
  • $3,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $3,695Total unused commitments
  • $0Restructured Loans and leases
  • $605Derivatives

Income and Expense (December 31, 2005)

  • Dollar figures in thousands
  • $4,068Total interest income
  • $1,640Total interest expense
  • $2,428Net interest income
  • $318Provision for loan and lease losses
  • $211Total noninterest income
  • $0Fiduciary activities
  • $99Service charges on deposit accounts
  • $0Trading account gains & fees
  • $112Additional noninterest income
  • $1,447Total noninterest expense
  • $648Salaries and employee benefits
  • $332Premises and equipment expense
  • $467Additional noninterest expense
  • $874Pre-tax net operating income
  • $0Securities gains (losses)
  • $278Applicable income taxes
  • $596Income before extraordinary items
  • $0Extraordinary gains - net
  • $596Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $278Sale, conversion, retirement of capital stock, net
  • $600Net operating income

Performance and Condition Ratios (December 31, 2005)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.55%Yield on earning assets
  • 2.64%Cost of funding earning assets
  • 3.91%Net interest margin
  • 0.34%Noninterest income to earning assets
  • 2.33%Noninterest expense to earning assets
  • 0.91%Net operating income to assets
  • 0.91%Return on assets (ROA)
  • 1.33%Pretax return on assets
  • 10.96%Return on equity (ROE)
  • -0.07%Retained earnings to average equity (YTD only)
  • 0.68%Net charge-offs to loans
  • 114.39%Credit loss provision to net charge-offs
  • 4.29%Efficiency ratio
  • 54,831Assets per employee
  • 4.83%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 100.67%Loss allowance to loans
  • 1.74%Loss allowance to noncurrent loans
  • 31.15%Noncurrent assets plus other real estate owned to assets
  • 4.93%Noncurrent loans to loans
  • 5.59%Net loans and leases to deposits
  • 79.10%Net loans and leases to core deposits
  • 101.23%Equity capital to assets
  • 8.48%Core capital (leverage) ratio
  • 8.62%Tier 1 risk-based capital ratio
  • 11.42%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $65,783Average earning assets
  • $5,437Average equity
  • $62,060Average loans

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