State Bank & Trust Company in Waverly, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 24, 2011

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

  • General
  • FDIC 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
  • Location
  • Address: 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 Summary
  • Total 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
  • 35Total employees (full-time equivalent)
  • $148,222Total assets
  • $7,722Cash and due from depository institutions
  • $4,099Interest-bearing balances
  • $74,881Securities
  • $2,002Federal funds sold & reverse repurchase agreements
  • $49,812Net loans & leases
  • $0Loan loss allowance
  • $0Trading account assets
  • $4,780Bank premises and fixed assets
  • $537Other real estate owned
  • $6,736Goodwill and other intangibles
  • $0Life insurance assets
  • $1,752All other assets
  • $148,222Total liabilities and capital
  • $128,846Total liabilities
  • $126,906Total deposits
  • $104,186Interest-bearing deposits
  • $126,906Deposits held in domestic offices
  • 87.28%% insured (estimated)
  • $1,236Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $250Other borrowed funds
  • $0Subordinated debt
  • $454All other liabilities
  • $19,376Total equity capital
  • $19,376Total bank equity capital
  • $19,376Perpetual preferred stock
  • $0Common stock
  • $380Surplus
  • $18,997Undivided profits
  • Memoranda
  • $-1Noncurrent loans and leases
  • $11,125Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $0Long-term assets (5+ years)
  • $1,005Average Assets, year-to-date
  • $130,794Average Assets, quarterly
  • $63,292Volatile liabilities
  • $145,099Insider loans
  • $146,692FHLB advances
  • $14,871Loans and leases held for sale
  • $13Unused loan commitments
  • $250Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $11,125Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2010)

  • Dollar figures in thousands
  • $46Total interest income
  • $10Total interest expense
  • $36Net interest income
  • $0Provision for loan and lease losses
  • $9Total noninterest income
  • $3Fiduciary activities
  • $3Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3Additional noninterest income
  • $39Total noninterest expense
  • $18Salaries and employee benefits
  • $8Premises and equipment expense
  • $13Additional noninterest expense
  • $6Pre-tax net operating income
  • $0Securities gains (losses)
  • $7Applicable income taxes
  • -$1Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1Net income attributable to bank
  • $0Net charge-offs
  • -$1Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $11,356Net operating income

Performance and Condition Ratios (December 31, 2010)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.03%Yield on earning assets
  • 0.01%Cost of funding earning assets
  • 0.03%Net interest margin
  • 0.01%Noninterest income to earning assets
  • 0.03%Noninterest expense to earning assets
  • -0.00%Net operating income to assets
  • -0.00%Return on assets (ROA)
  • 0.00%Pretax return on assets
  • -0.00%Return on equity (ROE)
  • -51.11%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 86,667Assets per employee
  • 4.23%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -1135600.00%Loss allowance to loans
  • 0.00%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.36%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 39.25%Net loans and leases to core deposits
  • 43.98%Equity capital to assets
  • 13.07%Core capital (leverage) ratio
  • 8.90%Tier 1 risk-based capital ratio
  • 16.67%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $145,099Average earning assets
  • $22,221Average equity
  • $133,456Average loans

Total Fiduciary and Related Assets (December 31, 2010)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $92,010Managed Assets
  • 1Number of Accounts
  • $27,074Personal trust and agency accounts
  • $24,133Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $2,941Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 231Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $64,936Other retirement accounts
  • $8,560Corporate trust and agency accounts
  • $1,901Other fiduciary accounts
  • $3,267Fiduciary accounts held in foreign offices

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