Primebank in city_name, state_name - Detailed Financial Reports, Location

Primebank in Le Mars, Iowa (IA)
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Primebank - Overview

General
FDIC Certificate #: 8101
Status: Active
Federal Reserve ID: 671147
Bank Holding Company (Regulatory Top Holder): Primebank, Inc. (RSSDID: 2700500, Location: Le Mars, IA)
Date Established: January 01, 1901
WWW: http://www.primebank.com
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 3 (Domestic: 3, Interstate: No)
OTS Docket #: 12108
FDIC's unique #: 5153
Numeric code: 13
Regulator: FED
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: January 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: 37 First Avenue, N.W., Le Mars, IA 51031
County: Plymouth
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Sioux City
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: $312.5 mil
Equity capital: $37.6 mil
Deposits held in domestic offices: $272.9 mil
Return on assets (ROA): 1.03% ($3.2 mil)
Quarterly return on assets: 0.20% ($0.6 mil)
Return on Equity (ROE): 9.03% ($3.4 mil)
Quarterly return on equity: 1.69% ($0.6 mil)
Net income: $3.3 mil
Quarterly Net income: $0.2 mil
Pretax return on assets: 1.09% ($3,406.1 mil)
Quarterly Pretax return on assets: 0.21% ($656.2 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
66Total employees (full-time equivalent)
$312,483Total assets
$17,070Cash and due from depository institutions
$10,167Interest-bearing balances
$71,574Securities
$0Federal funds sold & reverse repurchase agreements
$211,669Net loans & leases
$4,431Loan loss allowance
$0Trading account assets
$5,086Bank premises and fixed assets
$625Other real estate owned
$1,574Goodwill and other intangibles
$312,483Life insurance assets
$4,885All other assets
$274,921Total liabilities and capital
$272,874Total liabilities
$242,993Total deposits
$272,874Interest-bearing deposits
$90Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$2,047Subordinated debt
$37,562All other liabilities
$37,562Total equity capital
$37,562Total bank equity capital
$0Perpetual preferred stock
$1,200Common stock
$15,432Surplus
$20,930Undivided profits
Memoranda
$0Noncurrent loans and leases
$1,367Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$7,332Income earned, not collected on loans
$0Earning assets
$1,673Long-term assets (5+ years)
$293,410Average Assets, year-to-date
$83,456Average Assets, quarterly
$319,718Volatile liabilities
$316,486Insider loans
$211,154FHLB advances
$310,549Loans and leases held for sale
$897Unused loan commitments
$897Tier 1 (core) risk-based capital
$35,054Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$27,925Restructured Loans and leases
$150Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$14,603Total interest income
$3,681Total interest expense
$10,922Net interest income
$2,700Provision for loan and lease losses
$1,785Total noninterest income
$10Fiduciary activities
$470Service charges on deposit accounts
$0Trading account gains & fees
$1,305Additional noninterest income
$6,530Total noninterest expense
$3,969Salaries and employee benefits
$844Premises and equipment expense
$1,717Additional noninterest expense
$3,477Pre-tax net operating income
$0Securities gains (losses)
$175Applicable income taxes
$3,302Income before extraordinary items
$0Extraordinary gains - net
$3,302Net income attributable to bank
$0Net charge-offs
$3,302Cash dividends
$2,193Sale, conversion, retirement of capital stock, net
$2,136Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
4.84%Yield on earning assets
1.22%Cost of funding earning assets
3.62%Net interest margin
0.59%Noninterest income to earning assets
2.16%Noninterest expense to earning assets
1.03%Net operating income to assets
1.03%Return on assets (ROA)
1.09%Pretax return on assets
9.03%Return on equity (ROE)
3.19%Retained earnings to average equity (YTD only)
0.99%Net charge-offs to loans
123.12%Credit loss provision to net charge-offs
2.82%Efficiency ratio
51,389Assets per employee
4.73%Cash dividends to net income (YTD only)
Condition Ratios (%)
64.69%Loss allowance to loans
2.05%Loss allowance to noncurrent loans
60.43%Noncurrent assets plus other real estate owned to assets
2.55%Noncurrent loans to loans
3.39%Net loans and leases to deposits
77.57%Net loans and leases to core deposits
79.11%Equity capital to assets
12.02%Core capital (leverage) ratio
11.29%Tier 1 risk-based capital ratio
16.60%Total risk-based capital ratio
Memoranda
$18Average assets
$319,718Average earning assets
$36,571Average equity
$301,735Average 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
$3,025Managed Assets
1Number of Accounts
$1,699Personal trust and agency accounts
$593Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$0Other retirement accounts
$0Corporate trust and agency accounts
$0Investment management agency accounts
$1,106Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
$0Non-managed Assets
122Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$1,326Other retirement accounts
$579Corporate trust and agency accounts
$0Other fiduciary accounts
$747Fiduciary accounts held in foreign offices

List of branches

3 Iowa Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	5153	Primebank	37 First Avenue, N.W., Le Mars, IA 51031	January 01, 1901	Full Service Brick and Mortar
2	366321	Sioux Center Branch	1601 S. Main St, Sioux Center, IA 51250	January 27, 2003	Full Service Brick and Mortar
3	478773	Sioux City Branch	5680 Sunnybrook Dr, Sioux City, IA 51106	December 20, 2007	Full Service Brick and Mortar

Primebank in Le Mars, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Primebank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Total Fiduciary and Related Assets (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

Primebank in Le Mars, Iowa (IA)Overview, Financial Summary, Detailed Financial Reports, Branches

Primebank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Total Fiduciary and Related Assets (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

Primebank in Le Mars, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches