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


State Bank of Wapello - Overview

  • General
  • FDIC Certificate #: 15308
    Status: Active
    Federal Reserve ID: 200042
    Bank Holding Company (Regulatory Top Holder): Wapello Bankshares, Inc. (RSSDID: 1210785, Location: Wapello, IA)
    Date Established: October 18, 1935
    WWW: http://www.statebankofwapello.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 9648
    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: November 19, 1935
    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: 306 North Second Street, Wapello, IA 52653
    County: Louisa
    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): Muscatine, IA (#34700)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $36.5 mil
    Equity capital: $5.8 mil
    Deposits held in domestic offices: $30.6 mil
    Return on assets (ROA): 0.71% ($0.3 mil)
    Quarterly return on assets: 0.62% ($0.2 mil)
    Return on Equity (ROE): 4.31% ($0.3 mil)
    Quarterly return on equity: 3.87% ($0.2 mil)
    Net income: $0.2 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.74% ($269.7 mil)
    Quarterly Pretax return on assets: 0.66% ($240.6 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
  • 11Total employees (full-time equivalent)
  • $36,452Total assets
  • $5,865Cash and due from depository institutions
  • $4,110Interest-bearing balances
  • $9,933Securities
  • $6,469Federal funds sold & reverse repurchase agreements
  • $13,181Net loans & leases
  • $84Loan loss allowance
  • $0Trading account assets
  • $257Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $36,452Life insurance assets
  • $747All other assets
  • $30,695Total liabilities and capital
  • $30,590Total liabilities
  • $21,538Total deposits
  • $30,590Interest-bearing deposits
  • $98Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $105Subordinated debt
  • $5,757All other liabilities
  • $5,757Total equity capital
  • $5,757Total bank equity capital
  • $0Perpetual preferred stock
  • $292Common stock
  • $907Surplus
  • $4,558Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $309Income earned, not collected on loans
  • $0Earning assets
  • $204Long-term assets (5+ years)
  • $33,693Average Assets, year-to-date
  • $5,637Average Assets, quarterly
  • $34,940Volatile liabilities
  • $35,894Insider loans
  • $18,722FHLB advances
  • $35,399Loans and leases held for sale
  • $475Unused loan commitments
  • $475Tier 1 (core) risk-based capital
  • $5,473Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $79Restructured Loans and leases
  • $10Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,179Total interest income
  • $217Total interest expense
  • $962Net interest income
  • $24Provision for loan and lease losses
  • $197Total noninterest income
  • $0Fiduciary activities
  • $143Service charges on deposit accounts
  • $0Trading account gains & fees
  • $54Additional noninterest income
  • $875Total noninterest expense
  • $516Salaries and employee benefits
  • $74Premises and equipment expense
  • $285Additional noninterest expense
  • $260Pre-tax net operating income
  • $0Securities gains (losses)
  • $13Applicable income taxes
  • $247Income before extraordinary items
  • $0Extraordinary gains - net
  • $247Net income attributable to bank
  • $0Net charge-offs
  • $247Cash dividends
  • $12Sale, conversion, retirement of capital stock, net
  • $270Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.69%Yield on earning assets
  • 0.68%Cost of funding earning assets
  • 3.01%Net interest margin
  • 0.62%Noninterest income to earning assets
  • 2.74%Noninterest expense to earning assets
  • 0.71%Net operating income to assets
  • 0.71%Return on assets (ROA)
  • 0.74%Pretax return on assets
  • 4.31%Return on equity (ROE)
  • -0.40%Retained earnings to average equity (YTD only)
  • 0.08%Net charge-offs to loans
  • 200.00%Credit loss provision to net charge-offs
  • 23.67%Efficiency ratio
  • 75,496Assets per employee
  • 3.31%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 109.31%Loss allowance to loans
  • 0.63%Loss allowance to noncurrent loans
  • 27.18%Noncurrent assets plus other real estate owned to assets
  • 0.85%Noncurrent loans to loans
  • 2.33%Net loans and leases to deposits
  • 43.09%Net loans and leases to core deposits
  • 43.09%Equity capital to assets
  • 15.79%Core capital (leverage) ratio
  • 15.46%Tier 1 risk-based capital ratio
  • 29.23%Total risk-based capital ratio
  • Memoranda
  • $30Average assets
  • $34,940Average earning assets
  • $5,737Average equity
  • $31,921Average loans

Total Fiduciary and Related Assets (December 31, 2001)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $655Managed Assets
  • 1Number of Accounts
  • $655Personal trust and agency accounts
  • $655Employee 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
  • 13Number 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

  • 1 Iowa Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    09648State Bank Of Wapello306 North Second Street, Wapello, IA 52653October 18, 1935Full Service Brick and Mortar

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