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


Readlyn Savings Bank - Overview

  • General
  • FDIC Certificate #: 9300
    Status: Active
    Federal Reserve ID: 287342
    Bank Holding Company (Regulatory Top Holder): Readlyn Bancshares, Inc. (RSSDID: 1139327, Location: Saint Paul, MN)
    Date Established: May 15, 1904
    WWW: http://www.readlynsavingsbank.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    OTS Docket #: 13237
    FDIC's unique #: 5955
    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: 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: 141 Main Street, Readlyn, IA 50668
    County: Bremer
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Cedar Rapids
    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
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $58.5 mil
    Equity capital: $7.2 mil
    Deposits held in domestic offices: $41.9 mil
    Return on assets (ROA): 1.93% ($1.1 mil)
    Quarterly return on assets: 1.60% ($0.9 mil)
    Return on Equity (ROE): 15.46% ($1.1 mil)
    Quarterly return on equity: 12.52% ($0.9 mil)
    Net income: $1.1 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 2.03% ($1,187.7 mil)
    Quarterly Pretax return on assets: 1.74% ($1,018.0 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
  • 10Total employees (full-time equivalent)
  • $58,506Total assets
  • $3,741Cash and due from depository institutions
  • $3,200Interest-bearing balances
  • $17,134Securities
  • $547Federal funds sold & reverse repurchase agreements
  • $35,315Net loans & leases
  • $370Loan loss allowance
  • $0Trading account assets
  • $375Bank premises and fixed assets
  • $195Other real estate owned
  • $0Goodwill and other intangibles
  • $58,506Life insurance assets
  • $1,199All other assets
  • $51,309Total liabilities and capital
  • $41,921Total liabilities
  • $35,456Total deposits
  • $41,921Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $9,240Trading liabilities
  • $0Other borrowed funds
  • $148Subordinated debt
  • $7,197All other liabilities
  • $7,197Total equity capital
  • $7,197Total bank equity capital
  • $0Perpetual preferred stock
  • $350Common stock
  • $1,450Surplus
  • $5,397Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $614Long-term assets (5+ years)
  • $56,196Average Assets, year-to-date
  • $26,334Average Assets, quarterly
  • $55,389Volatile liabilities
  • $57,208Insider loans
  • $40,567FHLB advances
  • $57,045Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $6,842Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $5,281Restructured Loans and leases
  • $461Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,850Total interest income
  • $983Total interest expense
  • $1,867Net interest income
  • $30Provision for loan and lease losses
  • $54Total noninterest income
  • $1Fiduciary activities
  • $61Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$8Additional noninterest income
  • $808Total noninterest expense
  • $543Salaries and employee benefits
  • $65Premises and equipment expense
  • $200Additional noninterest expense
  • $1,083Pre-tax net operating income
  • $42Securities gains (losses)
  • $56Applicable income taxes
  • $1,069Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,069Net income attributable to bank
  • $0Net charge-offs
  • $1,069Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $700Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.41%Yield on earning assets
  • 1.87%Cost of funding earning assets
  • 3.55%Net interest margin
  • 0.10%Noninterest income to earning assets
  • 1.53%Noninterest expense to earning assets
  • 1.86%Net operating income to assets
  • 1.93%Return on assets (ROA)
  • 2.03%Pretax return on assets
  • 15.46%Return on equity (ROE)
  • 5.34%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 42,061Assets per employee
  • 5.85%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 65.48%Loss allowance to loans
  • 1.04%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.50%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 84.24%Net loans and leases to core deposits
  • 91.83%Equity capital to assets
  • 12.30%Core capital (leverage) ratio
  • 11.99%Tier 1 risk-based capital ratio
  • 16.87%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $55,389Average earning assets
  • $6,913Average equity
  • $52,662Average 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
  • $263Managed Assets
  • 1Number of Accounts
  • $263Personal trust and agency accounts
  • $263Employee 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
  • 2Number 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

  • 1 Iowa Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    05955Readlyn Savings Bank141 Main Street, Readlyn, IA 50668May 15, 1904Full Service Brick and Mortar

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