State Bank of Brooks in Corning, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches


State Bank of Brooks - Overview

  • General
  • FDIC Certificate #: 25260
    Status: Active
    Federal Reserve ID: 856944
    Date Established: January 01, 1914
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 17465
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Other Specialized Lending < 1 Billion
    Date of Deposit Insurance: June 22, 1984
    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: 701 Benton Avenue, Corning, IA 50841
    County: Adams
    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
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $14.4 mil
    Equity capital: $1.8 mil
    Deposits held in domestic offices: $12.5 mil
    Return on assets (ROA): 0.26% ($0.0 mil)
    Quarterly return on assets: -3.26% (-$0.5 mil)
    Return on Equity (ROE): 1.94% ($0.0 mil)
    Quarterly return on equity: -24.15% (-$0.5 mil)
    Net income: $0.0 mil
    Quarterly Net income: -$0.1 mil
    Pretax return on assets: 0.33% ($47.4 mil)
    Quarterly Pretax return on assets: -3.49% (-$501.2 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
  • 3Total employees (full-time equivalent)
  • $14,362Total assets
  • $5,053Cash and due from depository institutions
  • $3,937Interest-bearing balances
  • $5,360Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $3,823Net loans & leases
  • $112Loan loss allowance
  • $0Trading account assets
  • $9Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $14,362Life insurance assets
  • $117All other assets
  • $12,530Total liabilities and capital
  • $12,499Total liabilities
  • $10,112Total deposits
  • $12,499Interest-bearing deposits
  • $99Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $31Subordinated debt
  • $1,832All other liabilities
  • $1,832Total equity capital
  • $1,832Total bank equity capital
  • $0Perpetual preferred stock
  • $150Common stock
  • $200Surplus
  • $1,482Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $300Income earned, not collected on loans
  • $0Earning assets
  • $84Long-term assets (5+ years)
  • $13,120Average Assets, year-to-date
  • $4,184Average Assets, quarterly
  • $13,857Volatile liabilities
  • $13,973Insider loans
  • $6,083FHLB advances
  • $15,054Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $1,832Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $462Total interest income
  • $70Total interest expense
  • $392Net interest income
  • $40Provision for loan and lease losses
  • $53Total noninterest income
  • $0Fiduciary activities
  • $49Service charges on deposit accounts
  • $0Trading account gains & fees
  • $4Additional noninterest income
  • $359Total noninterest expense
  • $256Salaries and employee benefits
  • $35Premises and equipment expense
  • $68Additional noninterest expense
  • $46Pre-tax net operating income
  • $0Securities gains (losses)
  • $10Applicable income taxes
  • $36Income before extraordinary items
  • $0Extraordinary gains - net
  • $36Net income attributable to bank
  • $0Net charge-offs
  • $36Cash dividends
  • $52Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.56%Yield on earning assets
  • 0.54%Cost of funding earning assets
  • 3.02%Net interest margin
  • 0.41%Noninterest income to earning assets
  • 2.77%Noninterest expense to earning assets
  • 0.26%Net operating income to assets
  • 0.26%Return on assets (ROA)
  • 0.33%Pretax return on assets
  • 1.94%Return on equity (ROE)
  • 1.94%Retained earnings to average equity (YTD only)
  • 1.32%Net charge-offs to loans
  • 76.92%Credit loss provision to net charge-offs
  • 1.65%Efficiency ratio
  • 80,674Assets per employee
  • 4.79%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.85%Loss allowance to noncurrent loans
  • 37.33%Noncurrent assets plus other real estate owned to assets
  • 2.09%Noncurrent loans to loans
  • 7.62%Net loans and leases to deposits
  • 30.59%Net loans and leases to core deposits
  • 30.59%Equity capital to assets
  • 12.76%Core capital (leverage) ratio
  • 12.17%Tier 1 risk-based capital ratio
  • 30.12%Total risk-based capital ratio
  • Memoranda
  • $31Average assets
  • $13,857Average earning assets
  • $1,859Average equity
  • $12,970Average loans

List of branches

  • 1 Iowa Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    017465State Bank Of Brooks701 Benton Avenue, Corning, IA 50841January 01, 1914Full Service Brick and Mortar

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