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


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
  • NoIDNameAddressEstablishedService TypeMap
    010363State Bank728 Grand Avenue, Spencer, IA 51301May 01, 1944Full Service Brick and Mortar
    110027Peterson Branch215 Main Street, Peterson, IA 51047January 01, 1934Full Service Brick and Mortar
    2237523301 North Main Street Branch301 North Main Street, Everly, IA 51338August 18, 1997Full Service Brick and Mortar

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