Peoples Savings Bank in Wellsburg, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Peoples Savings Bank in Wellsburg, Iowa (IA)
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Peoples Savings Bank - Overview

  • General
  • FDIC Certificate #: 14868
    Status: Active
    Federal Reserve ID: 136048
    Bank Holding Company (Regulatory Top Holder): Psb Corporation (RSSDID: 1210468, Location: Wellsburg, IA)
    Date Established: January 01, 1934
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 11728
    FDIC's unique #: 9307
    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: No
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: October 01, 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: 414 N Adams St, Wellsburg, IA 50680
    County: Grundy
    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
    Core Based Statistical Area (CBSA): Waterloo-Cedar Falls, IA (#47940)
    CBSA Metro Statistical Area: Waterloo-Cedar Falls, IA (#47940)
  • History of Changes
  • Change in Location
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $93.5 mil
    Equity capital: $7.0 mil
    Deposits held in domestic offices: $74.5 mil
    Return on assets (ROA): 0.14% ($0.1 mil)
    Quarterly return on assets: 1.68% ($1.6 mil)
    Return on Equity (ROE): 1.94% ($0.1 mil)
    Quarterly return on equity: 22.77% ($1.6 mil)
    Net income: $0.1 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: -0.01% (-$9.4 mil)
    Quarterly Pretax return on assets: 2.52% ($2,356.8 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, 2011)

  • Dollar figures in thousands
  • 24Total employees (full-time equivalent)
  • $93,523Total assets
  • $1,225Cash and due from depository institutions
  • $0Interest-bearing balances
  • $36,017Securities
  • $1,945Federal funds sold & reverse repurchase agreements
  • $48,673Net loans & leases
  • $979Loan loss allowance
  • $0Trading account assets
  • $1,458Bank premises and fixed assets
  • $70Other real estate owned
  • $46Goodwill and other intangibles
  • $93,523Life insurance assets
  • $4,089All other assets
  • $86,561Total liabilities and capital
  • $74,501Total liabilities
  • $67,483Total deposits
  • $74,501Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $11,100Trading liabilities
  • $0Other borrowed funds
  • $960Subordinated debt
  • $6,962All other liabilities
  • $6,962Total equity capital
  • $6,962Total bank equity capital
  • $0Perpetual preferred stock
  • $500Common stock
  • $1,250Surplus
  • $5,212Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $972Income earned, not collected on loans
  • $0Earning assets
  • $1,191Long-term assets (5+ years)
  • $86,635Average Assets, year-to-date
  • $25,944Average Assets, quarterly
  • $94,862Volatile liabilities
  • $94,091Insider loans
  • $60,915FHLB advances
  • $95,052Loans and leases held for sale
  • $1,421Unused loan commitments
  • $1,421Tier 1 (core) risk-based capital
  • $6,913Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $5,100Restructured Loans and leases
  • $1,356Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,463Total interest income
  • $1,332Total interest expense
  • $3,131Net interest income
  • $1,609Provision for loan and lease losses
  • $602Total noninterest income
  • $9Fiduciary activities
  • $175Service charges on deposit accounts
  • $0Trading account gains & fees
  • $418Additional noninterest income
  • $2,449Total noninterest expense
  • $1,493Salaries and employee benefits
  • $296Premises and equipment expense
  • $660Additional noninterest expense
  • -$325Pre-tax net operating income
  • $317Securities gains (losses)
  • -$138Applicable income taxes
  • $130Income before extraordinary items
  • $0Extraordinary gains - net
  • $130Net income attributable to bank
  • $0Net charge-offs
  • $130Cash dividends
  • $987Sale, conversion, retirement of capital stock, net
  • $60Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.08%Yield on earning assets
  • 1.52%Cost of funding earning assets
  • 3.56%Net interest margin
  • 0.69%Noninterest income to earning assets
  • 2.79%Noninterest expense to earning assets
  • -0.08%Net operating income to assets
  • 0.14%Return on assets (ROA)
  • -0.01%Pretax return on assets
  • 1.94%Return on equity (ROE)
  • 1.05%Retained earnings to average equity (YTD only)
  • 2.05%Net charge-offs to loans
  • 163.02%Credit loss provision to net charge-offs
  • 1.30%Efficiency ratio
  • 64,988Assets per employee
  • 3.90%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 46.15%Loss allowance to loans
  • 1.97%Loss allowance to noncurrent loans
  • 100.72%Noncurrent assets plus other real estate owned to assets
  • 1.44%Noncurrent loans to loans
  • 1.96%Net loans and leases to deposits
  • 65.33%Net loans and leases to core deposits
  • 70.53%Equity capital to assets
  • 7.44%Core capital (leverage) ratio
  • 7.27%Tier 1 risk-based capital ratio
  • 11.35%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $94,862Average earning assets
  • $6,696Average equity
  • $87,854Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $6,185Managed Assets
  • 1Number of Accounts
  • $2,049Personal trust and agency accounts
  • $2,049Employee 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
  • 91Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $4,136Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $4,041Fiduciary accounts held in foreign offices

List of branches

  • 3 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    09307Peoples Savings Bank414 N Adams St, Wellsburg, IA 50680January 01, 1934Full Service Brick and Mortar
    1232308Cleves BranchRfd Ackley, Cleves, IA 50601September 29, 1934Full Service Brick and Mortar
    2476618Dike Branch233 Dike Road, Dike, IA 50624June 09, 2008Full Service Brick and Mortar

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