State Savings Bank in West Des Moines, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • State Savings Bank in West Des Moines, Iowa (IA)
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State Savings Bank - Overview

  • General
  • FDIC Certificate #: 248
    Status: Active
    Federal Reserve ID: 762045
    Bank Holding Company (Regulatory Top Holder): Ssb Holding Co., Inc. (RSSDID: 1201729, Location: West Des Moines, IA)
    Date Established: July 04, 1894
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 11064
    FDIC's unique #: 198
    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: 4800 George Mills Civic Parkway, Suite 100, West Des Moines, IA 50265
    County: Polk
    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
    Metropolitan Statistical Area (MSA): Des Moines, IA (#2120)
    Combined Statistical Area (CSA): Des Moines-Newton-Pella, IA (#218)
    Core Based Statistical Area (CBSA): Des Moines-West Des Moines, IA (#19780)
    CBSA Metro Statistical Area: Des Moines-West Des Moines, IA (#19780)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $93.8 mil
    Equity capital: $9.4 mil
    Deposits held in domestic offices: $78.0 mil
    Return on assets (ROA): 1.39% ($1.3 mil)
    Quarterly return on assets: 1.04% ($1.0 mil)
    Return on Equity (ROE): 13.52% ($1.2 mil)
    Quarterly return on equity: 10.02% ($0.9 mil)
    Net income: $1.3 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 1.46% ($1,369.8 mil)
    Quarterly Pretax return on assets: 1.11% ($1,041.5 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
  • 19Total employees (full-time equivalent)
  • $93,825Total assets
  • $3,601Cash and due from depository institutions
  • $1,171Interest-bearing balances
  • $5,622Securities
  • $6,433Federal funds sold & reverse repurchase agreements
  • $73,017Net loans & leases
  • $1,428Loan loss allowance
  • $0Trading account assets
  • $1,145Bank premises and fixed assets
  • $261Other real estate owned
  • $0Goodwill and other intangibles
  • $93,825Life insurance assets
  • $3,746All other assets
  • $84,440Total liabilities and capital
  • $77,950Total liabilities
  • $66,434Total deposits
  • $77,950Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $6,312Trading liabilities
  • $0Other borrowed funds
  • $178Subordinated debt
  • $9,385All other liabilities
  • $9,385Total equity capital
  • $9,385Total bank equity capital
  • $0Perpetual preferred stock
  • $200Common stock
  • $4,110Surplus
  • $5,075Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $1,442Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $701Income earned, not collected on loans
  • $0Earning assets
  • $429Long-term assets (5+ years)
  • $86,243Average Assets, year-to-date
  • $26,842Average Assets, quarterly
  • $90,219Volatile liabilities
  • $90,534Insider loans
  • $74,163FHLB advances
  • $93,080Loans and leases held for sale
  • $2,099Unused loan commitments
  • $2,099Tier 1 (core) risk-based capital
  • $9,369Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $19,475Restructured Loans and leases
  • $1,463Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,418Total interest income
  • $1,221Total interest expense
  • $3,197Net interest income
  • $205Provision for loan and lease losses
  • $819Total noninterest income
  • $0Fiduciary activities
  • $178Service charges on deposit accounts
  • $0Trading account gains & fees
  • $641Additional noninterest income
  • $2,497Total noninterest expense
  • $1,479Salaries and employee benefits
  • $300Premises and equipment expense
  • $718Additional noninterest expense
  • $1,314Pre-tax net operating income
  • $1Securities gains (losses)
  • $63Applicable income taxes
  • $1,252Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,252Net income attributable to bank
  • $0Net charge-offs
  • $1,252Cash dividends
  • $113Sale, conversion, retirement of capital stock, net
  • $966Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.32%Yield on earning assets
  • 1.47%Cost of funding earning assets
  • 3.85%Net interest margin
  • 0.99%Noninterest income to earning assets
  • 3.00%Noninterest expense to earning assets
  • 1.39%Net operating income to assets
  • 1.39%Return on assets (ROA)
  • 1.46%Pretax return on assets
  • 13.52%Return on equity (ROE)
  • 3.09%Retained earnings to average equity (YTD only)
  • 0.16%Net charge-offs to loans
  • 181.42%Credit loss provision to net charge-offs
  • 13.44%Efficiency ratio
  • 62,176Assets per employee
  • 4.94%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 77.16%Loss allowance to loans
  • 1.92%Loss allowance to noncurrent loans
  • 203.71%Noncurrent assets plus other real estate owned to assets
  • 1.03%Noncurrent loans to loans
  • 0.94%Net loans and leases to deposits
  • 93.67%Net loans and leases to core deposits
  • 107.66%Equity capital to assets
  • 10.00%Core capital (leverage) ratio
  • 10.07%Tier 1 risk-based capital ratio
  • 12.63%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $90,219Average earning assets
  • $9,258Average equity
  • $83,115Average loans

List of branches

  • 2 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0198State Savings Bank4800 George Mills Civic Parkway, Suite 100, West Des Moines, IA 50265July 04, 1894Full Service Brick and Mortar
    2362892Baxter Branch201-207 Main Street, Baxter, IA 50028November 28, 2001Full Service Brick and Mortar

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