State Bank in city_name, state_name - Detailed Financial Reports, Location

State Bank in Spencer, Iowa (IA)
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State Bank - Overview

General
FDIC Certificate #: 16151
Status: Active
Federal Reserve ID: 651149
Bank Holding Company (Regulatory Top Holder): Everly Bancorporation (RSSDID: 1205259, Location: Everly, IA)
Date Established: May 01, 1944
WWW: http://www.statebankspencer.com
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 3 (Domestic: 3, Interstate: No)
OTS Docket #: 15427
FDIC's unique #: 10363
Numeric code: 13
Regulator: FED
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: May 01, 1944
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: 728 Grand Avenue, Spencer, IA 51301
County: Clay
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
Core Based Statistical Area (CBSA): Spencer, IA (#43980)
CBSA Micro Statistical Area: Yes
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $63.6 mil
Equity capital: $4.6 mil
Deposits held in domestic offices: $58.4 mil
Return on assets (ROA): 1.13% ($0.7 mil)
Quarterly return on assets: 0.83% ($0.5 mil)
Return on Equity (ROE): 16.09% ($0.8 mil)
Quarterly return on equity: 11.63% ($0.6 mil)
Net income: $0.7 mil
Quarterly Net income: $0.1 mil
Pretax return on assets: 1.19% ($757.4 mil)
Quarterly Pretax return on assets: 0.87% ($553.7 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
19Total employees (full-time equivalent)
$63,648Total assets
$6,024Cash and due from depository institutions
$4,544Interest-bearing balances
$7,723Securities
$0Federal funds sold & reverse repurchase agreements
$46,703Net loans & leases
$433Loan loss allowance
$0Trading account assets
$1,026Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$63,648Life insurance assets
$2,172All other assets
$59,091Total liabilities and capital
$58,373Total liabilities
$47,919Total deposits
$58,373Interest-bearing deposits
$89Deposits held in domestic offices
225.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$493Subordinated debt
$4,557All other liabilities
$4,557Total equity capital
$4,557Total bank equity capital
$0Perpetual preferred stock
$124Common stock
$3,176Surplus
$1,257Undivided profits
Memoranda
$0Noncurrent loans and leases
$116Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$239Income earned, not collected on loans
$0Earning assets
$553Long-term assets (5+ years)
$58,970Average Assets, year-to-date
$12,164Average Assets, quarterly
$63,110Volatile liabilities
$63,457Insider loans
$47,420FHLB advances
$64,404Loans and leases held for sale
$964Unused loan commitments
$964Tier 1 (core) risk-based capital
$4,499Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$6,065Restructured Loans and leases
$1,829Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$2,972Total interest income
$514Total interest expense
$2,458Net interest income
$100Provision for loan and lease losses
$593Total noninterest income
$40Fiduciary activities
$175Service charges on deposit accounts
$0Trading account gains & fees
$378Additional noninterest income
$2,198Total noninterest expense
$1,205Salaries and employee benefits
$235Premises and equipment expense
$758Additional noninterest expense
$753Pre-tax net operating income
$0Securities gains (losses)
$37Applicable income taxes
$716Income before extraordinary items
$0Extraordinary gains - net
$716Net income attributable to bank
$0Net charge-offs
$716Cash dividends
$36Sale, conversion, retirement of capital stock, net
$573Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.08%Yield on earning assets
0.88%Cost of funding earning assets
4.20%Net interest margin
1.01%Noninterest income to earning assets
3.76%Noninterest expense to earning assets
1.13%Net operating income to assets
1.13%Return on assets (ROA)
1.19%Pretax return on assets
16.09%Return on equity (ROE)
3.21%Retained earnings to average equity (YTD only)
0.08%Net charge-offs to loans
277.78%Credit loss provision to net charge-offs
23.69%Efficiency ratio
72,042Assets per employee
3.35%Cash dividends to net income (YTD only)
Condition Ratios (%)
80.03%Loss allowance to loans
0.92%Loss allowance to noncurrent loans
181.17%Noncurrent assets plus other real estate owned to assets
0.38%Noncurrent loans to loans
0.51%Net loans and leases to deposits
80.01%Net loans and leases to core deposits
88.70%Equity capital to assets
7.16%Core capital (leverage) ratio
6.99%Tier 1 risk-based capital ratio
9.49%Total risk-based capital ratio
Memoranda
$10Average assets
$63,110Average earning assets
$4,450Average equity
$58,518Average 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
$4,045Managed Assets
1Number of Accounts
$3,981Personal trust and agency accounts
$3,981Employee 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
9Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$64Other retirement accounts
$43Corporate trust and agency accounts
$0Other fiduciary accounts
$21Fiduciary accounts held in foreign offices

List of branches

3 Iowa Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	10363	State Bank	728 Grand Avenue, Spencer, IA 51301	May 01, 1944	Full Service Brick and Mortar
1	10027	Peterson Branch	215 Main Street, Peterson, IA 51047	January 01, 1934	Full Service Brick and Mortar
2	237523	301 North Main Street Branch	301 North Main Street, Everly, IA 51338	August 18, 1997	Full Service Brick and Mortar

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

State 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

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

State 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:

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