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

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State Bank & Trust Co. routing number info

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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
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
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
Undivided profits $10,696
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
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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
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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%
Average assets$15
Average earning assets$146,769
Average equity $14,972
Average loans $136,989
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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
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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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