State Bank & Trust Co. in Nevada, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches


State Bank & Trust Co. - Overview

  • General
  • FDIC Certificate #: 15651
    Status: Active
    Federal Reserve ID: 229342
    Bank Holding Company (Regulatory Top Holder): Ames National Corporation (RSSDID: 1202258, Location: Ames, IA)
    Date Established: Febuary 25, 1939
    WWW: http://www.banksbt.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 16029
    FDIC's unique #: 9929
    Numeric code: 21
    Regulator: FDIC
    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: No
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: Febuary 25, 1939
    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: 1025 Sixth Street, Nevada, IA 50201
    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
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $148.8 mil
    Equity capital: $15.7 mil
    Deposits held in domestic offices: $116.8 mil
    Return on assets (ROA): 1.40% ($2.1 mil)
    Quarterly return on assets: 1.64% ($2.4 mil)
    Return on Equity (ROE): 13.75% ($2.2 mil)
    Quarterly return on equity: 16.09% ($2.6 mil)
    Net income: $2.1 mil
    Quarterly Net income: $0.6 mil
    Pretax return on assets: 1.88% ($2,798.2 mil)
    Quarterly Pretax return on assets: 2.19% ($3,259.6 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
  • 22Total employees (full-time equivalent)
  • $148,839Total assets
  • $18,091Cash and due from depository institutions
  • $14,459Interest-bearing balances
  • $45,150Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $81,256Net loans & leases
  • $1,531Loan loss allowance
  • $0Trading account assets
  • $1,464Bank premises and fixed assets
  • $1,024Other real estate owned
  • $0Goodwill and other intangibles
  • $148,839Life insurance assets
  • $1,854All other assets
  • $133,143Total liabilities and capital
  • $116,750Total liabilities
  • $97,361Total deposits
  • $116,750Interest-bearing deposits
  • $85Deposits held in domestic offices
  • 11381.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $4,500Trading liabilities
  • $0Other borrowed funds
  • $512Subordinated debt
  • $15,696All other liabilities
  • $15,696Total equity capital
  • $15,696Total bank equity capital
  • $0Perpetual preferred stock
  • $1,000Common stock
  • $4,000Surplus
  • $10,696Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $79Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,997Income earned, not collected on loans
  • $0Earning assets
  • $956Long-term assets (5+ years)
  • $140,865Average Assets, year-to-date
  • $41,076Average Assets, quarterly
  • $146,769Volatile liabilities
  • $152,544Insider loans
  • $103,661FHLB advances
  • $145,987Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $14,613Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $17,929Restructured Loans and leases
  • $1,607Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,911Total interest income
  • $1,121Total interest expense
  • $4,790Net interest income
  • $401Provision for loan and lease losses
  • $730Total noninterest income
  • $136Fiduciary activities
  • $358Service charges on deposit accounts
  • $0Trading account gains & fees
  • $236Additional noninterest income
  • $2,423Total noninterest expense
  • $1,363Salaries and employee benefits
  • $239Premises and equipment expense
  • $821Additional noninterest expense
  • $2,696Pre-tax net operating income
  • $66Securities gains (losses)
  • $703Applicable income taxes
  • $2,059Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,059Net income attributable to bank
  • $0Net charge-offs
  • $2,059Cash dividends
  • $38Sale, conversion, retirement of capital stock, net
  • $1,200Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.31%Yield on earning assets
  • 0.82%Cost of funding earning assets
  • 3.50%Net interest margin
  • 0.53%Noninterest income to earning assets
  • 1.77%Noninterest expense to earning assets
  • 1.37%Net operating income to assets
  • 1.40%Return on assets (ROA)
  • 1.88%Pretax return on assets
  • 13.75%Return on equity (ROE)
  • 5.74%Retained earnings to average equity (YTD only)
  • 0.05%Net charge-offs to loans
  • 1055.26%Credit loss provision to net charge-offs
  • 81.50%Efficiency ratio
  • 43,895Assets per employee
  • 6.77%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 58.28%Loss allowance to loans
  • 1.85%Loss allowance to noncurrent loans
  • 76.66%Noncurrent assets plus other real estate owned to assets
  • 2.03%Noncurrent loans to loans
  • 2.41%Net loans and leases to deposits
  • 69.60%Net loans and leases to core deposits
  • 80.91%Equity capital to assets
  • 10.55%Core capital (leverage) ratio
  • 10.01%Tier 1 risk-based capital ratio
  • 14.10%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $146,769Average earning assets
  • $14,972Average equity
  • $136,989Average 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
  • $26,239Managed Assets
  • 1Number of Accounts
  • $25,131Personal trust and agency accounts
  • $23,499Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $10Investment management agency accounts
  • $1,622Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 69Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $1,108Other retirement accounts
  • $170Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $938Fiduciary accounts held in foreign offices

List of branches

  • 2 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    09929State Bank & Trust Co.1025 Sixth Street, Nevada, IA 50201Febuary 25, 1939Full Service Brick and Mortar
    1234795Colo Branch405 Main Street, Colo, IA 50056Febuary 25, 1939Full Service Brick and Mortar

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