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


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
  • NoIDNameAddressEstablishedService TypeMap
    112325Moline Branch3535 Avenue Of The Cities, Moline, IL 61265July 11, 1961Full Service Brick and Mortar
    224536453rd Street Facility5110 22nd Avenue, Moline, IL 61265June 05, 1979Full Service Brick and Mortar
  • 2 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    074898Southeast National Bank2036 East River Drive, Davenport, IA 52803December 17, 1999Full Service Brick and Mortar
    4462231Schaffer Farms Crossing Branch3401 53rd Avenue, Bettendorf, IA 52722Febuary 21, 2007Full 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 Southeast National 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