State Savings Bank in Creston, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches


State Savings Bank - Overview

  • General
  • FDIC Certificate #: 14773
    Status: Active
    Federal Reserve ID: 792640
    Bank Holding Company (Regulatory Top Holder): Bedford Bancorp, Inc. (RSSDID: 1203022, Location: Bedford, IA)
    Date Established: January 01, 1915
    WWW: http://www.yourfullservicebank.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Domestic: 5, Interstate: No)
    FDIC's unique #: 9240
    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: September 29, 1934
    Last Structure Change Effective Date: October 01, 2011
    Last Structure Change Process Date: October 07, 2011
    Last Data Update: October 07, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 602 Sheldon, Creston, IA 50801
    County: Union
    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
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $85.8 mil
    Equity capital: $7.6 mil
    Deposits held in domestic offices: $77.0 mil
    Return on assets (ROA): 1.23% ($1.1 mil)
    Quarterly return on assets: 1.01% ($0.9 mil)
    Return on Equity (ROE): 14.18% ($1.1 mil)
    Quarterly return on equity: 11.46% ($0.9 mil)
    Net income: $1.0 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 1.31% ($1,124.3 mil)
    Quarterly Pretax return on assets: 1.08% ($926.9 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
  • 27Total employees (full-time equivalent)
  • $85,822Total assets
  • $16,565Cash and due from depository institutions
  • $9,087Interest-bearing balances
  • $423Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $66,488Net loans & leases
  • $1,009Loan loss allowance
  • $0Trading account assets
  • $686Bank premises and fixed assets
  • $76Other real estate owned
  • $0Goodwill and other intangibles
  • $85,822Life insurance assets
  • $1,584All other assets
  • $78,242Total liabilities and capital
  • $77,025Total liabilities
  • $65,474Total deposits
  • $77,025Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $1,000Trading liabilities
  • $0Other borrowed funds
  • $217Subordinated debt
  • $7,580All other liabilities
  • $7,580Total equity capital
  • $7,580Total bank equity capital
  • $0Perpetual preferred stock
  • $700Common stock
  • $2,525Surplus
  • $4,355Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $116Income earned, not collected on loans
  • $0Earning assets
  • $939Long-term assets (5+ years)
  • $75,998Average Assets, year-to-date
  • $4,852Average Assets, quarterly
  • $83,367Volatile liabilities
  • $84,625Insider loans
  • $64,909FHLB advances
  • $84,588Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $7,580Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $6,472Restructured Loans and leases
  • $1,240Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,021Total interest income
  • $699Total interest expense
  • $3,322Net interest income
  • $320Provision for loan and lease losses
  • $428Total noninterest income
  • $0Fiduciary activities
  • $307Service charges on deposit accounts
  • $0Trading account gains & fees
  • $121Additional noninterest income
  • $2,341Total noninterest expense
  • $1,318Salaries and employee benefits
  • $337Premises and equipment expense
  • $686Additional noninterest expense
  • $1,089Pre-tax net operating income
  • $0Securities gains (losses)
  • $67Applicable income taxes
  • $1,022Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,022Net income attributable to bank
  • $0Net charge-offs
  • $1,022Cash dividends
  • $248Sale, conversion, retirement of capital stock, net
  • $491Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.28%Yield on earning assets
  • 0.92%Cost of funding earning assets
  • 4.36%Net interest margin
  • 0.56%Noninterest income to earning assets
  • 3.07%Noninterest expense to earning assets
  • 1.23%Net operating income to assets
  • 1.23%Return on assets (ROA)
  • 1.31%Pretax return on assets
  • 14.18%Return on equity (ROE)
  • 7.37%Retained earnings to average equity (YTD only)
  • 0.38%Net charge-offs to loans
  • 129.03%Credit loss provision to net charge-offs
  • 5.68%Efficiency ratio
  • 62,427Assets per employee
  • 3.18%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 48.04%Loss allowance to loans
  • 1.49%Loss allowance to noncurrent loans
  • 869.83%Noncurrent assets plus other real estate owned to assets
  • 0.22%Noncurrent loans to loans
  • 0.17%Net loans and leases to deposits
  • 86.32%Net loans and leases to core deposits
  • 88.45%Equity capital to assets
  • 8.83%Core capital (leverage) ratio
  • 8.96%Tier 1 risk-based capital ratio
  • 11.68%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $83,367Average earning assets
  • $7,207Average equity
  • $76,212Average 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
  • $3,023Managed Assets
  • 1Number of Accounts
  • $1,984Personal trust and agency accounts
  • $1,984Employee 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
  • 10Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $1,039Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $1,039Fiduciary accounts held in foreign offices

List of branches

  • 5 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    09240State Savings Bank602 Sheldon, Creston, IA 50801January 01, 1915Full Service Brick and Mortar
    1232086Clearfield BranchMain Street, Clearfield, IA 50840Febuary 06, 1936Full Service Brick and Mortar
    4232089Bedford Branch612 Central Street, Bedford, IA 50833January 29, 1998Full Service Brick and Mortar
    532106Valley B & T Branch200 South Second Street, Cherokee, IA 51012January 25, 1985Full Service Brick and Mortar
    6458389Valley Bank & Trust719 South Highway 143, Marcus, IA 51035December 11, 2006Full Service Brick and Mortar

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