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


Sanborn Savings Bank - Overview

  • General
  • FDIC Certificate #: 11352
    Status: Active
    Federal Reserve ID: 595944
    Bank Holding Company (Regulatory Top Holder): San Bancorp. (RSSDID: 1202922, Location: Sanborn, IA)
    Date Established: Febuary 01, 1899
    WWW: http://www.sanbornbank.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 7253
    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 28, 2011
    Last Structure Change Process Date: March 29, 2011
    Last Data Update: March 29, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 219 Main Street, Sanborn, IA 51248
    County: O'brien
    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
  • Change in Location
  • Financial Summary
  • Total assets: $60.3 mil
    Equity capital: $5.7 mil
    Deposits held in domestic offices: $52.7 mil
    Return on assets (ROA): 0.76% ($0.5 mil)
    Quarterly return on assets: 0.68% ($0.4 mil)
    Return on Equity (ROE): 7.97% ($0.5 mil)
    Quarterly return on equity: 6.95% ($0.4 mil)
    Net income: $0.4 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.80% ($482.6 mil)
    Quarterly Pretax return on assets: 0.75% ($452.5 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
  • 11Total employees (full-time equivalent)
  • $60,327Total assets
  • $2,952Cash and due from depository institutions
  • $2,401Interest-bearing balances
  • $15,405Securities
  • $716Federal funds sold & reverse repurchase agreements
  • $37,859Net loans & leases
  • $353Loan loss allowance
  • $0Trading account assets
  • $339Bank premises and fixed assets
  • $150Other real estate owned
  • $272Goodwill and other intangibles
  • $60,327Life insurance assets
  • $2,634All other assets
  • $54,660Total liabilities and capital
  • $52,703Total liabilities
  • $48,390Total deposits
  • $52,703Interest-bearing deposits
  • $80Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $1,760Trading liabilities
  • $0Other borrowed funds
  • $197Subordinated debt
  • $5,667All other liabilities
  • $5,667Total equity capital
  • $5,667Total bank equity capital
  • $0Perpetual preferred stock
  • $192Common stock
  • $1,858Surplus
  • $3,617Undivided 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
  • $354Long-term assets (5+ years)
  • $56,381Average Assets, year-to-date
  • $9,715Average Assets, quarterly
  • $56,148Volatile liabilities
  • $57,360Insider loans
  • $43,824FHLB advances
  • $55,986Loans and leases held for sale
  • $277Unused loan commitments
  • $277Tier 1 (core) risk-based capital
  • $5,093Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $10,103Restructured Loans and leases
  • $174Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,243Total interest income
  • $511Total interest expense
  • $1,732Net interest income
  • $136Provision for loan and lease losses
  • $105Total noninterest income
  • $0Fiduciary activities
  • $76Service charges on deposit accounts
  • $0Trading account gains & fees
  • $29Additional noninterest income
  • $1,254Total noninterest expense
  • $772Salaries and employee benefits
  • $99Premises and equipment expense
  • $383Additional noninterest expense
  • $447Pre-tax net operating income
  • $0Securities gains (losses)
  • $21Applicable income taxes
  • $426Income before extraordinary items
  • $0Extraordinary gains - net
  • $426Net income attributable to bank
  • $0Net charge-offs
  • $426Cash dividends
  • $188Sale, conversion, retirement of capital stock, net
  • $160Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.23%Yield on earning assets
  • 0.96%Cost of funding earning assets
  • 3.27%Net interest margin
  • 0.20%Noninterest income to earning assets
  • 2.37%Noninterest expense to earning assets
  • 0.76%Net operating income to assets
  • 0.76%Return on assets (ROA)
  • 0.80%Pretax return on assets
  • 7.97%Return on equity (ROE)
  • 4.98%Retained earnings to average equity (YTD only)
  • 0.51%Net charge-offs to loans
  • 72.34%Credit loss provision to net charge-offs
  • 3.10%Efficiency ratio
  • 68,263Assets per employee
  • 5.48%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 37.56%Loss allowance to loans
  • 0.92%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.25%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 71.83%Net loans and leases to core deposits
  • 76.66%Equity capital to assets
  • 9.39%Core capital (leverage) ratio
  • 9.10%Tier 1 risk-based capital ratio
  • 11.62%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $56,148Average earning assets
  • $5,342Average equity
  • $52,979Average loans

List of branches

  • 1 Iowa Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    07253Sanborn Savings Bank219 Main Street, Sanborn, IA 51248Febuary 01, 1899Full Service Brick and Mortar

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