South Story Bank & Trust in Slater, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches


South Story Bank & Trust - Overview

  • General
  • FDIC Certificate #: 17348
    Status: Active
    Federal Reserve ID: 542340
    Bank Holding Company (Regulatory Top Holder): Greene Investment Co. (RSSDID: 1205905, Location: Jefferson, IA)
    Date Established: September 01, 1954
    WWW: http://www.southstorybank.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 11358
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: September 01, 1954
    Last Structure Change Effective Date: March 07, 2011
    Last Structure Change Process Date: August 08, 2011
    Last Data Update: August 08, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 501 Linn St, Slater, IA 50244
    County: Story
    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
    Combined Statistical Area (CSA): Ames-Boone, IA (#112)
    Core Based Statistical Area (CBSA): Ames, IA (#11180)
    CBSA Metro Statistical Area: Ames, IA (#11180)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $79.9 mil
    Equity capital: $9.6 mil
    Deposits held in domestic offices: $69.1 mil
    Return on assets (ROA): 1.12% ($0.9 mil)
    Quarterly return on assets: 1.33% ($1.1 mil)
    Return on Equity (ROE): 8.71% ($0.9 mil)
    Quarterly return on equity: 10.87% ($1.1 mil)
    Net income: $0.8 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 1.18% ($943.2 mil)
    Quarterly Pretax return on assets: 1.40% ($1,119.1 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
  • 21Total employees (full-time equivalent)
  • $79,933Total assets
  • $3,717Cash and due from depository institutions
  • $37Interest-bearing balances
  • $6,672Securities
  • $2,150Federal funds sold & reverse repurchase agreements
  • $60,287Net loans & leases
  • $688Loan loss allowance
  • $0Trading account assets
  • $2,162Bank premises and fixed assets
  • $0Other real estate owned
  • $4,058Goodwill and other intangibles
  • $79,933Life insurance assets
  • $887All other assets
  • $70,310Total liabilities and capital
  • $69,113Total liabilities
  • $55,670Total deposits
  • $69,113Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $1,000Trading liabilities
  • $0Other borrowed funds
  • $197Subordinated debt
  • $9,623All other liabilities
  • $9,623Total equity capital
  • $9,623Total bank equity capital
  • $0Perpetual preferred stock
  • $200Common stock
  • $8,346Surplus
  • $1,077Undivided 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
  • $463Long-term assets (5+ years)
  • $69,146Average Assets, year-to-date
  • $23,655Average Assets, quarterly
  • $72,263Volatile liabilities
  • $77,680Insider loans
  • $58,558FHLB advances
  • $74,342Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $5,361Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $13,267Restructured Loans and leases
  • $146Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,352Total interest income
  • $593Total interest expense
  • $2,759Net interest income
  • $132Provision for loan and lease losses
  • $359Total noninterest income
  • $0Fiduciary activities
  • $173Service charges on deposit accounts
  • $0Trading account gains & fees
  • $186Additional noninterest income
  • $2,189Total noninterest expense
  • $1,098Salaries and employee benefits
  • $283Premises and equipment expense
  • $808Additional noninterest expense
  • $797Pre-tax net operating income
  • $57Securities gains (losses)
  • $43Applicable income taxes
  • $811Income before extraordinary items
  • $0Extraordinary gains - net
  • $811Net income attributable to bank
  • $0Net charge-offs
  • $811Cash dividends
  • $11Sale, conversion, retirement of capital stock, net
  • $525Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.41%Yield on earning assets
  • 0.96%Cost of funding earning assets
  • 4.46%Net interest margin
  • 0.58%Noninterest income to earning assets
  • 3.54%Noninterest expense to earning assets
  • 1.05%Net operating income to assets
  • 1.12%Return on assets (ROA)
  • 1.18%Pretax return on assets
  • 8.71%Return on equity (ROE)
  • 3.07%Retained earnings to average equity (YTD only)
  • 0.02%Net charge-offs to loans
  • 1200.00%Credit loss provision to net charge-offs
  • 84.45%Efficiency ratio
  • 67,383Assets per employee
  • 3.81%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 64.73%Loss allowance to loans
  • 1.13%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 87.23%Net loans and leases to core deposits
  • 90.87%Equity capital to assets
  • 12.04%Core capital (leverage) ratio
  • 7.21%Tier 1 risk-based capital ratio
  • 9.16%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $72,263Average earning assets
  • $9,312Average equity
  • $61,909Average loans

Total Fiduciary and Related Assets (December 31, 2010)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $1,113Managed Assets
  • 1Number 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
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 38Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $1,113Other retirement accounts
  • $38Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $1,075Fiduciary accounts held in foreign offices

List of branches

  • 2 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    011358South Story Bank & Trust501 Linn St, Slater, IA 50244September 01, 1954Full Service Brick and Mortar
    1241520Huxley BranchBallard Plaza Shopping Center, Huxley, IA 50124September 01, 1961Full Service Brick and Mortar

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