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

State Bank of Bussey - Overview

  • General
  • FDIC Certificate #: 1556
    Status: Active
    Federal Reserve ID: 750444
    Bank Holding Company (Regulatory Top Holder): Twin Cedars Bancorp. (RSSDID: 1205101, Location: Bussey, IA)
    Date Established: March 27, 1931
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 1024
    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: Yes
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: January 01, 1934
    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: 402 Merrill Street, Bussey, IA 50044
    County: Marion
    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): Des Moines-Newton-Pella, IA (#218)
    Core Based Statistical Area (CBSA): Pella, IA (#37800)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Change in Location
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $52.2 mil
    Equity capital: $3.8 mil
    Deposits held in domestic offices: $47.2 mil
    Return on assets (ROA): -1.21% (-$0.6 mil)
    Quarterly return on assets: -1.77% (-$0.9 mil)
    Return on Equity (ROE): -16.03% (-$0.6 mil)
    Quarterly return on equity: -24.57% (-$1.0 mil)
    Net income: -$0.7 mil
    Quarterly Net income: -$0.2 mil
    Pretax return on assets: -1.21% (-$631.2 mil)
    Quarterly Pretax return on assets: -1.77% (-$923.4 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
  • 18Total employees (full-time equivalent)
  • $52,167Total assets
  • $7,760Cash and due from depository institutions
  • $5,680Interest-bearing balances
  • $7,241Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $35,737Net loans & leases
  • $655Loan loss allowance
  • $0Trading account assets
  • $377Bank premises and fixed assets
  • $180Other real estate owned
  • $0Goodwill and other intangibles
  • $52,167Life insurance assets
  • $872All other assets
  • $48,407Total liabilities and capital
  • $47,228Total liabilities
  • $41,884Total deposits
  • $47,228Interest-bearing deposits
  • $98Deposits held in domestic offices
  • 965.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $214Subordinated debt
  • $3,760All other liabilities
  • $3,760Total equity capital
  • $3,760Total bank equity capital
  • $0Perpetual preferred stock
  • $47Common stock
  • $2,353Surplus
  • $1,360Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $661Income earned, not collected on loans
  • $0Earning assets
  • $568Long-term assets (5+ years)
  • $48,658Average Assets, year-to-date
  • $4,766Average Assets, quarterly
  • $54,351Volatile liabilities
  • $52,704Insider loans
  • $36,834FHLB advances
  • $53,669Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $3,730Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,926Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,791Total interest income
  • $715Total interest expense
  • $2,076Net interest income
  • $1,274Provision for loan and lease losses
  • $203Total noninterest income
  • $0Fiduciary activities
  • $177Service charges on deposit accounts
  • $0Trading account gains & fees
  • $26Additional noninterest income
  • $1,665Total noninterest expense
  • $1,028Salaries and employee benefits
  • $203Premises and equipment expense
  • $434Additional noninterest expense
  • -$660Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • -$660Income before extraordinary items
  • $0Extraordinary gains - net
  • -$660Net income attributable to bank
  • $0Net charge-offs
  • -$660Cash dividends
  • $1,151Sale, conversion, retirement of capital stock, net
  • $297Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.41%Yield on earning assets
  • 1.39%Cost of funding earning assets
  • 4.02%Net interest margin
  • 0.39%Noninterest income to earning assets
  • 3.23%Noninterest expense to earning assets
  • -1.21%Net operating income to assets
  • -1.21%Return on assets (ROA)
  • -1.21%Pretax return on assets
  • -16.03%Return on equity (ROE)
  • -23.24%Retained earnings to average equity (YTD only)
  • 3.03%Net charge-offs to loans
  • 110.69%Credit loss provision to net charge-offs
  • 0.53%Efficiency ratio
  • 73,058Assets per employee
  • 2.90%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -45.00%Loss allowance to loans
  • 1.80%Loss allowance to noncurrent loans
  • 99.09%Noncurrent assets plus other real estate owned to assets
  • 1.61%Noncurrent loans to loans
  • 1.82%Net loans and leases to deposits
  • 75.67%Net loans and leases to core deposits
  • 77.53%Equity capital to assets
  • 7.21%Core capital (leverage) ratio
  • 6.95%Tier 1 risk-based capital ratio
  • 10.13%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $54,351Average earning assets
  • $4,118Average equity
  • $51,587Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $64Managed Assets
  • 1Number of Accounts
  • $64Personal trust and agency accounts
  • $64Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 2Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 3 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    01024State Bank Of Bussey402 Merrill Street, Bussey, IA 50044March 27, 1931Full Service Brick and Mortar
    1189813Lovilia Branch1609 South East Avenue, Lovilia, IA 50150August 08, 1959Limited Service Facility
    2452054Oskaloosa Branch209 Cornerstone Drive, Suite A, Oskaloosa, IA 52577June 19, 2006Full Service Brick and Mortar

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