State Bank & Trust Co. in Nevada, Iowa (IA)



Show street view No street view available for this location

State Bank & Trust Co. routing number info

Table of contents:
State Bank & Trust Co.
GeneralFDIC 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
LocationAddress: 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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)22
Total assets$148,839
Cash and due from depository institutions$18,091
Interest-bearing balances$14,459
Securities$45,150
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$81,256
Loan loss allowance $1,531
Trading account assets$0
Bank premises and fixed assets$1,464
Other real estate owned$1,024
Goodwill and other intangibles$0
All other assets$1,854
Life insurance assets$148,839
Total liabilities and capital$133,143
Total liabilities$116,750
Total deposits$97,361
Interest-bearing deposits$116,750
Deposits held in domestic offices$85
% insured (estimated)11381.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$4,500
Other borrowed funds $0
Subordinated debt $512
All other liabilities $15,696
Total equity capital$15,696
Total bank equity capital$15,696
Perpetual preferred stock$0
Common stock$1,000
Surplus$4,000
Undivided profits $10,696
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $79
Income earned, not collected on loans $1,997
Earning assets $0
Long-term assets (5+ years) $956
Average Assets, year-to-date $140,865
Average Assets, quarterly $41,076
Volatile liabilities $146,769
Insider loans $152,544
FHLB advances $103,661
Loans and leases held for sale $145,987
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $14,613
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $17,929
Derivatives$1,607
Back to page top, Back to table top

Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $5,911
Total interest expense $1,121
Net interest income $4,790
Provision for loan and lease losses $401
Total noninterest income $730
Fiduciary activities $136
Service charges on deposit accounts $358
Trading account gains & fees $0
Additional noninterest income $236
Total noninterest expense $2,423
Salaries and employee benefits $1,363
Premises and equipment expense $239
Additional noninterest expense $821
Pre-tax net operating income $2,696
Securities gains (losses) $66
Applicable income taxes $703
Income before extraordinary items $2,059
Extraordinary gains - net $0
Net income attributable to bank $2,059
Net charge-offs $0
Cash dividends $2,059
Sale, conversion, retirement of capital stock, net $38
Net operating income $1,200
Back to page top, Back to table top

Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.31%
Cost of funding earning assets 0.82%
Net interest margin 3.50%
Noninterest income to earning assets 0.53%
Noninterest expense to earning assets 1.77%
Net operating income to assets 1.37%
Return on assets (ROA) 1.40%
Pretax return on assets 1.88%
Return on equity (ROE) 13.75%
Retained earnings to average equity (YTD only) 5.74%
Net charge-offs to loans 0.05%
Credit loss provision to net charge-offs 1055.26%
Efficiency ratio81.50%
Assets per employee$43,895
Cash dividends to net income (YTD only)6.77%
Condition Ratios (%)
Loss allowance to loans 58.28%
Loss allowance to noncurrent loans 1.85%
Noncurrent assets plus other real estate owned to assets 76.66%
Noncurrent loans to loans 2.03%
Net loans and leases to deposits2.41%
Net loans and leases to core deposits 69.60%
Equity capital to assets 80.91%
Core capital (leverage) ratio 10.55%
Tier 1 risk-based capital ratio 10.01%
Total risk-based capital ratio 14.10%
Memoranda
Average assets$15
Average earning assets$146,769
Average equity $14,972
Average loans $136,989
Back to page top, Back to table top

Total Fiduciary and Related Assets (December 31, 2011)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$26,239
Number of Accounts1
Personal trust and agency accounts$25,131
Employee benefit-defined contribution accounts$23,499
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$0
Investment management agency accounts$10
Other fiduciary accounts$1,622
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts69
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$1,108
Corporate trust and agency accounts$170
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$938
Back to page top, Back to table top

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
Back to page top

User Contributions:

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 State Bank & Trust Co..
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.