State Central Bank in Keokuk, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

State Central Bank - Overview

  • General
  • FDIC Certificate #: 5820
    Status: Active
    Federal Reserve ID: 808345
    Bank Holding Company (Regulatory Top Holder): Logan Investment Corporation (RSSDID: 3300215, Location: Keokuk, IA)
    Date Established: March 17, 1858
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 8 (Domestic: 8, Interstate: No)
    OTS Docket #: 9373
    FDIC's unique #: 3978
    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: Yes
    Asset Concentration Hierarchy: Commercial Lending 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: 601 Main Street, Keokuk, IA 52632
    County: Lee
    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): Fort Madison-Keokuk, IA-MO (#22800)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $181.7 mil
    Equity capital: $8.6 mil
    Deposits held in domestic offices: $171.0 mil
    Return on assets (ROA): -0.81% (-$1.5 mil)
    Quarterly return on assets: 0.28% ($0.5 mil)
    Return on Equity (ROE): -19.90% (-$1.8 mil)
    Quarterly return on equity: 6.41% ($0.6 mil)
    Net income: -$1.8 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: -1.09% (-$1,980.1 mil)
    Quarterly Pretax return on assets: 0.28% ($508.7 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
  • 59Total employees (full-time equivalent)
  • $181,664Total assets
  • $34,638Cash and due from depository institutions
  • $30,209Interest-bearing balances
  • $20,560Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $111,869Net loans & leases
  • $6,365Loan loss allowance
  • $0Trading account assets
  • $4,129Bank premises and fixed assets
  • $5,600Other real estate owned
  • $1,185Goodwill and other intangibles
  • $181,664Life insurance assets
  • $3,683All other assets
  • $173,050Total liabilities and capital
  • $171,042Total liabilities
  • $146,853Total deposits
  • $171,042Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $2,008Subordinated debt
  • $8,614All other liabilities
  • $8,614Total equity capital
  • $8,614Total bank equity capital
  • $0Perpetual preferred stock
  • $3,370Common stock
  • $10,708Surplus
  • $-5,464Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $16,280Income earned, not collected on loans
  • $258Earning assets
  • $563Long-term assets (5+ years)
  • $162,638Average Assets, year-to-date
  • $8,581Average Assets, quarterly
  • $217,629Volatile liabilities
  • $196,482Insider loans
  • $125,849FHLB advances
  • $200,313Loans and leases held for sale
  • $1,355Unused loan commitments
  • $1,355Tier 1 (core) risk-based capital
  • $6,626Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $12,171Restructured Loans and leases
  • $3,448Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $8,370Total interest income
  • $2,526Total interest expense
  • $5,844Net interest income
  • $3,950Provision for loan and lease losses
  • $3,352Total noninterest income
  • $225Fiduciary activities
  • $568Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,559Additional noninterest income
  • $7,843Total noninterest expense
  • $3,530Salaries and employee benefits
  • $1,057Premises and equipment expense
  • $3,256Additional noninterest expense
  • -$2,597Pre-tax net operating income
  • $235Securities gains (losses)
  • -$603Applicable income taxes
  • -$1,759Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1,759Net income attributable to bank
  • $0Net charge-offs
  • -$1,759Cash dividends
  • $6,086Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.23%Yield on earning assets
  • 1.28%Cost of funding earning assets
  • 2.95%Net interest margin
  • 1.69%Noninterest income to earning assets
  • 3.96%Noninterest expense to earning assets
  • -0.89%Net operating income to assets
  • -0.81%Return on assets (ROA)
  • -1.09%Pretax return on assets
  • -19.90%Return on equity (ROE)
  • -19.90%Retained earnings to average equity (YTD only)
  • 4.03%Net charge-offs to loans
  • 64.90%Credit loss provision to net charge-offs
  • 0.22%Efficiency ratio
  • 85,200Assets per employee
  • 3.08%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 5.38%Loss allowance to noncurrent loans
  • 39.10%Noncurrent assets plus other real estate owned to assets
  • 12.04%Noncurrent loans to loans
  • 13.77%Net loans and leases to deposits
  • 65.40%Net loans and leases to core deposits
  • 74.03%Equity capital to assets
  • 4.74%Core capital (leverage) ratio
  • 3.31%Tier 1 risk-based capital ratio
  • 5.27%Total risk-based capital ratio
  • Memoranda
  • $7Average assets
  • $217,629Average earning assets
  • $8,838Average equity
  • $197,821Average 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
  • $37,753Managed Assets
  • 1Number of Accounts
  • $34,264Personal trust and agency accounts
  • $21,717Employee benefit-defined contribution accounts
  • $8,081Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $4,466Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 88Number of Accounts
  • $0Personal trust and agency accounts
  • $4,466Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $3,489Other retirement accounts
  • $1,409Corporate trust and agency accounts
  • $1,591Other fiduciary accounts
  • $489Fiduciary accounts held in foreign offices

Bank Assets Sold and Securitized (December 31, 2011)

  • Dollar figures in thousands

List of branches

  • 8 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    03978State Central Bank601 Main Street, Keokuk, IA 52632March 17, 1858Full Service Brick and Mortar
    1208208Bonaparte Branch612 First Street, Bonaparte, IA 52620December 31, 1948Full Service Brick and Mortar
    2208209Farmington Branch101 S. Second, Farmington, IA 52626December 31, 1948Full Service Brick and Mortar
    4208211Keosippi Shopping Plaza Branch200 Main Street, Keokuk, IA 52632March 02, 1970Limited Service Facility
    53974Stockport Branch116 S. Main Street, Stockport, IA 52651April 02, 1928Full Service Brick and Mortar
    6208212Boulevard Road Branch201 Boulevard Road, Keokuk, IA 52632July 24, 1980Limited Service Facility
    9208213Keokuk Branch2122 Main Street, Keokuk, IA 52632September 30, 1998Limited Service Facility
    10364043Dubuque Branch1805 John F. Kennedy Road, Dubuque, IA 52002November 01, 2001Full Service Brick and Mortar

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