Southeast National Bank in city_name, state_name - Detailed Financial Reports, Location

Southeast National Bank in Davenport, Iowa (IA), IL
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Southeast National Bank routing number info

Southeast National Bank - Overview

General
FDIC Certificate #: 35109
Status: Active
Federal Reserve ID: 955548
Bank Holding Company (Regulatory Top Holder): Mclaughlin Holding Company (RSSDID: 1203161, Location: Moline, IL)
Date Established: December 17, 1999
WWW: http://www.senb.com
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 4 (Domestic: 4, Interstate: Yes)
FDIC's unique #: 74898
Numeric code: 3
Regulator: OCC
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: No
Subchapter S Corporations: Yes
Asset Concentration Hierarchy: All Other Specialization < 1 Billion
Date of Deposit Insurance: December 17, 1999
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: 2036 East River Drive, Davenport, IA 52803
County: Scott
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Cedar Rapids
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: Western
Metropolitan Statistical Area (MSA): Davenport-Moline-Rock Island, IA-IL (#1960)
Core Based Statistical Area (CBSA): Davenport-Moline-Rock Island, IA-IL (#19340)
CBSA Metro Statistical Area: Davenport-Moline-Rock Island, IA-IL (#19340)
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $139.0 mil
Equity capital: $17.9 mil
Deposits held in domestic offices: $114.1 mil
Return on assets (ROA): 0.39% ($0.5 mil)
Quarterly return on assets: 0.84% ($1.2 mil)
Return on Equity (ROE): 3.08% ($0.6 mil)
Quarterly return on equity: 6.50% ($1.2 mil)
Net income: $0.5 mil
Quarterly Net income: $0.3 mil
Pretax return on assets: 0.40% ($556.1 mil)
Quarterly Pretax return on assets: 0.84% ($1,167.8 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
42Total employees (full-time equivalent)
$139,026Total assets
$7,153Cash and due from depository institutions
$4,334Interest-bearing balances
$67,848Securities
$0Federal funds sold & reverse repurchase agreements
$56,367Net loans & leases
$530Loan loss allowance
$0Trading account assets
$3,009Bank premises and fixed assets
$134Other real estate owned
$0Goodwill and other intangibles
$139,026Life insurance assets
$4,515All other assets
$121,134Total liabilities and capital
$114,104Total liabilities
$95,808Total deposits
$114,104Interest-bearing deposits
$92Deposits held in domestic offices
1832.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$4,000Trading liabilities
$0Other borrowed funds
$1,198Subordinated debt
$17,892All other liabilities
$17,892Total equity capital
$17,892Total bank equity capital
$0Perpetual preferred stock
$800Common stock
$1,000Surplus
$16,092Undivided profits
Memoranda
$0Noncurrent loans and leases
$107Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$617Income earned, not collected on loans
$0Earning assets
$639Long-term assets (5+ years)
$128,549Average Assets, year-to-date
$50,956Average Assets, quarterly
$136,174Volatile liabilities
$137,905Insider loans
$67,655FHLB advances
$134,260Loans and leases held for sale
$2,117Unused loan commitments
$1,909Tier 1 (core) risk-based capital
$15,600Tier 2 risk-based capital
$0Total risk weighted assets
$208Total unused commitments
$13,525Restructured Loans and leases
$1,106Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$5,248Total interest income
$1,153Total interest expense
$4,095Net interest income
$73Provision for loan and lease losses
$1,321Total noninterest income
$310Fiduciary activities
$367Service charges on deposit accounts
$0Trading account gains & fees
$644Additional noninterest income
$5,070Total noninterest expense
$2,520Salaries and employee benefits
$607Premises and equipment expense
$1,943Additional noninterest expense
$273Pre-tax net operating income
$271Securities gains (losses)
$10Applicable income taxes
$534Income before extraordinary items
$0Extraordinary gains - net
$534Net income attributable to bank
$0Net charge-offs
$534Cash dividends
$123Sale, conversion, retirement of capital stock, net
$660Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
4.18%Yield on earning assets
0.92%Cost of funding earning assets
3.26%Net interest margin
1.05%Noninterest income to earning assets
4.04%Noninterest expense to earning assets
0.20%Net operating income to assets
0.39%Return on assets (ROA)
0.40%Pretax return on assets
3.08%Return on equity (ROE)
-0.73%Retained earnings to average equity (YTD only)
0.22%Net charge-offs to loans
59.35%Credit loss provision to net charge-offs
2.81%Efficiency ratio
93,612Assets per employee
3.31%Cash dividends to net income (YTD only)
Condition Ratios (%)
123.60%Loss allowance to loans
0.93%Loss allowance to noncurrent loans
85.90%Noncurrent assets plus other real estate owned to assets
0.54%Noncurrent loans to loans
1.08%Net loans and leases to deposits
49.40%Net loans and leases to core deposits
52.10%Equity capital to assets
12.87%Core capital (leverage) ratio
11.62%Tier 1 risk-based capital ratio
23.06%Total risk-based capital ratio
Memoranda
$24Average assets
$136,174Average earning assets
$17,327Average equity
$125,512Average 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
$38,801Managed Assets
1Number of Accounts
$37,153Personal trust and agency accounts
$9,342Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$0Other retirement accounts
$10,819Corporate trust and agency accounts
$0Investment management agency accounts
$11,696Other fiduciary accounts
$5,047Fiduciary accounts held in foreign offices
$249Non-managed Assets
96Number of Accounts
$0Personal trust and agency accounts
$4,486Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$1,648Other retirement accounts
$143Corporate trust and agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices

List of branches

2 Illinois Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type	Map
1	12325	Moline Branch	3535 Avenue Of The Cities, Moline, IL 61265	July 11, 1961	Full Service Brick and Mortar
2	245364	53rd Street Facility	5110 22nd Avenue, Moline, IL 61265	June 05, 1979	Full Service Brick and Mortar

2 Iowa Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type	Map
0	74898	Southeast National Bank	2036 East River Drive, Davenport, IA 52803	December 17, 1999	Full Service Brick and Mortar
4	462231	Schaffer Farms Crossing Branch	3401 53rd Avenue, Bettendorf, IA 52722	Febuary 21, 2007	Full Service Brick and Mortar

Southeast National Bank in Davenport, Iowa (IA), IL
Overview, Financial Summary, Detailed Financial Reports, Branches

Southeast National Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Total Fiduciary and Related Assets (December 31, 2011)

List of branches

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

Southeast National Bank in Davenport, Iowa (IA), ILOverview, Financial Summary, Detailed Financial Reports, Branches

Southeast National Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Total Fiduciary and Related Assets (December 31, 2011)

List of branches

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

Southeast National Bank in Davenport, Iowa (IA), IL
Overview, Financial Summary, Detailed Financial Reports, Branches