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


  • Rolfe State Bank in Rolfe, Iowa (IA)
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Rolfe State Bank - Overview

  • General
  • FDIC Certificate #: 15575
    Status: Active
    Federal Reserve ID: 533740
    Bank Holding Company (Regulatory Top Holder): Dixon Bancshares, Inc. (RSSDID: 1969485, Location: Rolfe, IA)
    Date Established: September 24, 1934
    WWW: http://www.rolfestatebank.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 15859
    FDIC's unique #: 9864
    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 19, 1938
    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: 316 Garfield, Rolfe, IA 50581
    County: Pocahontas
    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: $42.9 mil
    Equity capital: $4.5 mil
    Deposits held in domestic offices: $34.4 mil
    Return on assets (ROA): 1.49% ($0.6 mil)
    Quarterly return on assets: 1.67% ($0.7 mil)
    Return on Equity (ROE): 14.26% ($0.6 mil)
    Quarterly return on equity: 15.91% ($0.6 mil)
    Net income: $0.6 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 1.56% ($668.9 mil)
    Quarterly Pretax return on assets: 1.72% ($737.6 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
  • 13Total employees (full-time equivalent)
  • $42,881Total assets
  • $1,627Cash and due from depository institutions
  • $172Interest-bearing balances
  • $14,980Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $25,293Net loans & leases
  • $317Loan loss allowance
  • $0Trading account assets
  • $228Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $42,881Life insurance assets
  • $753All other assets
  • $38,413Total liabilities and capital
  • $34,365Total liabilities
  • $26,652Total deposits
  • $34,365Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 3595.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $348Trading liabilities
  • $0Other borrowed funds
  • $105Subordinated debt
  • $4,468All other liabilities
  • $4,468Total equity capital
  • $4,468Total bank equity capital
  • $0Perpetual preferred stock
  • $200Common stock
  • $1,200Surplus
  • $3,068Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $132Income earned, not collected on loans
  • $0Earning assets
  • $510Long-term assets (5+ years)
  • $40,445Average Assets, year-to-date
  • $10,186Average Assets, quarterly
  • $40,692Volatile liabilities
  • $42,220Insider loans
  • $28,848FHLB advances
  • $41,727Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $4,209Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $3,495Restructured Loans and leases
  • $175Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,872Total interest income
  • $277Total interest expense
  • $1,595Net interest income
  • $60Provision for loan and lease losses
  • $236Total noninterest income
  • $20Fiduciary activities
  • $132Service charges on deposit accounts
  • $0Trading account gains & fees
  • $84Additional noninterest income
  • $1,135Total noninterest expense
  • $836Salaries and employee benefits
  • $71Premises and equipment expense
  • $228Additional noninterest expense
  • $636Pre-tax net operating income
  • $0Securities gains (losses)
  • $30Applicable income taxes
  • $606Income before extraordinary items
  • $0Extraordinary gains - net
  • $606Net income attributable to bank
  • $0Net charge-offs
  • $606Cash dividends
  • $16Sale, conversion, retirement of capital stock, net
  • $375Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.89%Yield on earning assets
  • 0.72%Cost of funding earning assets
  • 4.16%Net interest margin
  • 0.62%Noninterest income to earning assets
  • 2.96%Noninterest expense to earning assets
  • 1.49%Net operating income to assets
  • 1.49%Return on assets (ROA)
  • 1.56%Pretax return on assets
  • 14.26%Return on equity (ROE)
  • 5.44%Retained earnings to average equity (YTD only)
  • 0.07%Net charge-offs to loans
  • 375.00%Credit loss provision to net charge-offs
  • 43.50%Efficiency ratio
  • 61,988Assets per employee
  • 3.30%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 61.88%Loss allowance to loans
  • 1.24%Loss allowance to noncurrent loans
  • 240.15%Noncurrent assets plus other real estate owned to assets
  • 0.31%Noncurrent loans to loans
  • 0.52%Net loans and leases to deposits
  • 73.60%Net loans and leases to core deposits
  • 73.60%Equity capital to assets
  • 10.42%Core capital (leverage) ratio
  • 10.09%Tier 1 risk-based capital ratio
  • 14.59%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $40,692Average earning assets
  • $4,249Average equity
  • $38,315Average 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
  • $4,617Managed Assets
  • 1Number of Accounts
  • $3,639Personal trust and agency accounts
  • $3,639Employee 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
  • 31Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $978Other retirement accounts
  • $153Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 2 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    09864Rolfe State Bank316 Garfield, Rolfe, IA 50581September 24, 1934Full Service Brick and Mortar
    1362825Pocahontas Branch202 West Elm Avenue, Pocahontas, IA 50574October 22, 2001Full Service Brick and Mortar

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