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


Sloan State Bank - Overview

  • General
  • FDIC Certificate #: 8507
    Status: Active
    Federal Reserve ID: 481748
    Bank Holding Company (Regulatory Top Holder): Sloan State Corporation (RSSDID: 1201439, Location: Sloan, IA)
    Date Established: October 19, 1889
    WWW: http://www.sloanstatebank.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 5417
    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: 302 Fourth Street, Sloan, IA 51055
    County: Woodbury
    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
    Metropolitan Statistical Area (MSA): Sioux City, IA-NE (#7720)
    Combined Statistical Area (CSA): Sioux City-Vermillion, IA-NE-SD (#512)
    Core Based Statistical Area (CBSA): Sioux City, IA-NE-SD (#43580)
    CBSA Metro Statistical Area: Sioux City, IA-NE-SD (#43580)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $46.0 mil
    Equity capital: $5.5 mil
    Deposits held in domestic offices: $40.5 mil
    Return on assets (ROA): 1.42% ($0.7 mil)
    Quarterly return on assets: 1.17% ($0.5 mil)
    Return on Equity (ROE): 12.07% ($0.6 mil)
    Quarterly return on equity: 9.50% ($0.5 mil)
    Net income: $0.6 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 1.50% ($690.0 mil)
    Quarterly Pretax return on assets: 1.23% ($565.8 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
  • 12Total employees (full-time equivalent)
  • $46,003Total assets
  • $9,241Cash and due from depository institutions
  • $7,145Interest-bearing balances
  • $18,141Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $17,842Net loans & leases
  • $321Loan loss allowance
  • $0Trading account assets
  • $275Bank premises and fixed assets
  • $105Other real estate owned
  • $0Goodwill and other intangibles
  • $46,003Life insurance assets
  • $399All other assets
  • $40,545Total liabilities and capital
  • $40,489Total liabilities
  • $24,727Total deposits
  • $40,489Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $56Subordinated debt
  • $5,458All other liabilities
  • $5,458Total equity capital
  • $5,458Total bank equity capital
  • $0Perpetual preferred stock
  • $300Common stock
  • $1,100Surplus
  • $4,058Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $354Income earned, not collected on loans
  • $0Earning assets
  • $184Long-term assets (5+ years)
  • $43,128Average Assets, year-to-date
  • $15,173Average Assets, quarterly
  • $44,881Volatile liabilities
  • $44,755Insider loans
  • $21,136FHLB advances
  • $45,601Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $4,750Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,641Restructured Loans and leases
  • $1,072Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,731Total interest income
  • $218Total interest expense
  • $1,513Net interest income
  • $0Provision for loan and lease losses
  • $89Total noninterest income
  • $3Fiduciary activities
  • $66Service charges on deposit accounts
  • $0Trading account gains & fees
  • $20Additional noninterest income
  • $930Total noninterest expense
  • $594Salaries and employee benefits
  • $62Premises and equipment expense
  • $274Additional noninterest expense
  • $672Pre-tax net operating income
  • $0Securities gains (losses)
  • $33Applicable income taxes
  • $639Income before extraordinary items
  • $0Extraordinary gains - net
  • $639Net income attributable to bank
  • $0Net charge-offs
  • $639Cash dividends
  • -$15Sale, conversion, retirement of capital stock, net
  • $528Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.26%Yield on earning assets
  • 0.54%Cost of funding earning assets
  • 3.72%Net interest margin
  • 0.22%Noninterest income to earning assets
  • 2.29%Noninterest expense to earning assets
  • 1.42%Net operating income to assets
  • 1.42%Return on assets (ROA)
  • 1.50%Pretax return on assets
  • 12.07%Return on equity (ROE)
  • 2.10%Retained earnings to average equity (YTD only)
  • -0.09%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 58,052Assets per employee
  • 3.83%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 82.63%Loss allowance to loans
  • 1.77%Loss allowance to noncurrent loans
  • 90.68%Noncurrent assets plus other real estate owned to assets
  • 1.00%Noncurrent loans to loans
  • 1.95%Net loans and leases to deposits
  • 44.07%Net loans and leases to core deposits
  • 44.35%Equity capital to assets
  • 11.86%Core capital (leverage) ratio
  • 10.42%Tier 1 risk-based capital ratio
  • 22.47%Total risk-based capital ratio
  • Memoranda
  • $24Average assets
  • $44,881Average earning assets
  • $5,296Average equity
  • $40,619Average 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
  • $1,265Managed Assets
  • 1Number of Accounts
  • $313Personal trust and agency accounts
  • $313Employee 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
  • 35Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $952Other retirement accounts
  • $240Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $712Fiduciary accounts held in foreign offices

List of branches

  • 2 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    05417Sloan State Bank302 Fourth Street, Sloan, IA 51055October 19, 1889Full Service Brick and Mortar
    111190Whiting Branch524 Whittier, Whiting, IA 51063October 04, 1952Full Service Brick and Mortar

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

CAPTCHA

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Sloan State Bank.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents