State Bank & Trust Company in Waverly, Iowa (IA)



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State Bank & Trust Company routing number info

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State Bank & Trust Company
GeneralFDIC Certificate #: 8103
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: State Bank & Trust Company (#15503)
Federal Reserve ID: 498746
Date Established: January 01, 1889
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 6 (Interstate: No)
OTS Docket #: 13048
FDIC's unique #: 5155
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
State Chartered: Yes
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: September 24, 2011
Last Structure Change Process Date: October 04, 2011
Last Data Update: October 04, 2011
Data Source Date: April 05, 2012
LocationAddress: 124 1st Street, Se, Waverly, IA 50677
County: Bremer
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Cedar Rapids
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: Western
Core Based Statistical Area (CBSA): Waterloo-Cedar Falls, IA (#47940)
CBSA Metro Statistical Area: Waterloo-Cedar Falls, IA (#47940)
Financial SummaryTotal assets: $144.8 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, 2010)
(Dollar figures in thousands)
Total employees (full-time equivalent)35
Total assets$148,222
Cash and due from depository institutions$7,722
Interest-bearing balances$4,099
Securities$74,881
Federal funds sold & reverse repurchase agreements$2,002
Net loans & leases$49,812
Loan loss allowance $0
Trading account assets$0
Bank premises and fixed assets$4,780
Other real estate owned$537
Goodwill and other intangibles$6,736
All other assets$1,752
Life insurance assets$0
Total liabilities and capital$148,222
Total liabilities$128,846
Total deposits$126,906
Interest-bearing deposits$104,186
Deposits held in domestic offices$126,906
% insured (estimated)87.28%
Federal funds purchased & repurchase agreements $1,236
Trading liabilities$0
Other borrowed funds $250
Subordinated debt $0
All other liabilities $454
Total equity capital$19,376
Total bank equity capital$19,376
Perpetual preferred stock$19,376
Common stock$0
Surplus$380
Undivided profits $18,997
Memoranda
Noncurrent loans and leases $-1
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $11,125
Income earned, not collected on loans $0
Earning assets $0
Long-term assets (5+ years) $0
Average Assets, year-to-date $1,005
Average Assets, quarterly $130,794
Volatile liabilities $63,292
Insider loans $145,099
FHLB advances $146,692
Loans and leases held for sale $14,871
Unused loan commitments $13
Tier 1 (core) risk-based capital $250
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $11,125
Restructured Loans and leases $0
Derivatives$0
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Income and Expense (December 31, 2010)
(Dollar figures in thousands)
Total interest income $46
Total interest expense $10
Net interest income $36
Provision for loan and lease losses $0
Total noninterest income $9
Fiduciary activities $3
Service charges on deposit accounts $3
Trading account gains & fees $0
Additional noninterest income $3
Total noninterest expense $39
Salaries and employee benefits $18
Premises and equipment expense $8
Additional noninterest expense $13
Pre-tax net operating income $6
Securities gains (losses) $0
Applicable income taxes $7
Income before extraordinary items -$1
Extraordinary gains - net $0
Net income attributable to bank -$1
Net charge-offs $0
Cash dividends -$1
Sale, conversion, retirement of capital stock, net $0
Net operating income $11,356
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Performance and Condition Ratios (December 31, 2010)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets0.03%
Cost of funding earning assets 0.01%
Net interest margin 0.03%
Noninterest income to earning assets 0.01%
Noninterest expense to earning assets 0.03%
Net operating income to assets -0.00%
Return on assets (ROA) -0.00%
Pretax return on assets 0.00%
Return on equity (ROE) -0.00%
Retained earnings to average equity (YTD only) -51.11%
Net charge-offs to loans 0.00%
Credit loss provision to net charge-offs 0.00%
Efficiency ratio0.00%
Assets per employee$86,667
Cash dividends to net income (YTD only)4.23%
Condition Ratios (%)
Loss allowance to loans -1135600.00%
Loss allowance to noncurrent loans 0.00%
Noncurrent assets plus other real estate owned to assets 0.00%
Noncurrent loans to loans 0.36%
Net loans and leases to deposits0.00%
Net loans and leases to core deposits 39.25%
Equity capital to assets 43.98%
Core capital (leverage) ratio 13.07%
Tier 1 risk-based capital ratio 8.90%
Total risk-based capital ratio 16.67%
Memoranda
Average assets$17
Average earning assets$145,099
Average equity $22,221
Average loans $133,456
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Total Fiduciary and Related Assets (December 31, 2010)
(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$92,010
Number of Accounts1
Personal trust and agency accounts$27,074
Employee benefit-defined contribution accounts$24,133
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$0
Investment management agency accounts$0
Other fiduciary accounts$2,941
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts231
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$64,936
Corporate trust and agency accounts$8,560
Other fiduciary accounts$1,901
Fiduciary accounts held in foreign offices$3,267
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