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

Savings Bank - Overview

  • General
  • FDIC Certificate #: 13735
    Status: Active
    Federal Reserve ID: 588348
    Bank Holding Company (Regulatory Top Holder): Capital Bancshares, Inc. (RSSDID: 3104794, Location: Primghar, IA)
    Date Established: November 15, 1894
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 8586
    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 29, 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: 185 S Green Avenue, Primghar, IA 51245
    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
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $127.0 mil
    Equity capital: $10.6 mil
    Deposits held in domestic offices: $115.5 mil
    Return on assets (ROA): 1.65% ($2.1 mil)
    Quarterly return on assets: 1.68% ($2.1 mil)
    Return on Equity (ROE): 19.79% ($2.2 mil)
    Quarterly return on equity: 19.94% ($2.2 mil)
    Net income: $2.0 mil
    Quarterly Net income: $0.5 mil
    Pretax return on assets: 1.72% ($2,184.7 mil)
    Quarterly Pretax return on assets: 1.72% ($2,184.7 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
  • 17Total employees (full-time equivalent)
  • $127,019Total assets
  • $2,455Cash and due from depository institutions
  • $12Interest-bearing balances
  • $23,913Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $97,202Net loans & leases
  • $1,053Loan loss allowance
  • $0Trading account assets
  • $1,757Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $127,019Life insurance assets
  • $1,692All other assets
  • $116,420Total liabilities and capital
  • $115,531Total liabilities
  • $103,036Total deposits
  • $115,531Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 647.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $242Subordinated debt
  • $10,599All other liabilities
  • $10,599Total equity capital
  • $10,599Total bank equity capital
  • $0Perpetual preferred stock
  • $94Common stock
  • $2,042Surplus
  • $8,463Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $56Income earned, not collected on loans
  • $0Earning assets
  • $1,122Long-term assets (5+ years)
  • $121,127Average Assets, year-to-date
  • $23,359Average Assets, quarterly
  • $118,892Volatile liabilities
  • $123,848Insider loans
  • $100,487FHLB advances
  • $126,162Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $10,557Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $12,897Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,788Total interest income
  • $1,631Total interest expense
  • $4,157Net interest income
  • $300Provision for loan and lease losses
  • $246Total noninterest income
  • $1Fiduciary activities
  • $117Service charges on deposit accounts
  • $0Trading account gains & fees
  • $128Additional noninterest income
  • $2,053Total noninterest expense
  • $1,271Salaries and employee benefits
  • $217Premises and equipment expense
  • $565Additional noninterest expense
  • $2,050Pre-tax net operating income
  • $0Securities gains (losses)
  • $90Applicable income taxes
  • $1,960Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,960Net income attributable to bank
  • $0Net charge-offs
  • $1,960Cash dividends
  • $179Sale, conversion, retirement of capital stock, net
  • $733Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.10%Yield on earning assets
  • 1.44%Cost of funding earning assets
  • 3.66%Net interest margin
  • 0.22%Noninterest income to earning assets
  • 1.81%Noninterest expense to earning assets
  • 1.65%Net operating income to assets
  • 1.65%Return on assets (ROA)
  • 1.72%Pretax return on assets
  • 19.79%Return on equity (ROE)
  • 12.39%Retained earnings to average equity (YTD only)
  • 0.20%Net charge-offs to loans
  • 167.60%Credit loss provision to net charge-offs
  • 13.13%Efficiency ratio
  • 46,627Assets per employee
  • 7.47%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 37.40%Loss allowance to loans
  • 1.07%Loss allowance to noncurrent loans
  • 1880.36%Noncurrent assets plus other real estate owned to assets
  • 0.04%Noncurrent loans to loans
  • 0.06%Net loans and leases to deposits
  • 84.13%Net loans and leases to core deposits
  • 88.79%Equity capital to assets
  • 8.34%Core capital (leverage) ratio
  • 8.37%Tier 1 risk-based capital ratio
  • 10.51%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $118,892Average earning assets
  • $9,902Average equity
  • $113,475Average 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
  • $413Managed Assets
  • 1Number of Accounts
  • $310Personal trust and agency accounts
  • $310Employee 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
  • 17Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $103Other retirement accounts
  • $103Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 3 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    08586Savings Bank185 S Green Avenue, Primghar, IA 51245November 15, 1894Full Service Brick and Mortar
    1364310Hartley Branch80 South Central, Hartley, IA 51346June 03, 2002Full Service Brick and Mortar
    2464130Lake Park Branch1487 135th Avenue, Lake Park, IA 51347June 11, 2007Full Service Brick and Mortar

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