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


State Savings Bank - Overview

  • General
  • FDIC Certificate #: 8513
    Status: Active
    Federal Reserve ID: 286840
    Bank Holding Company (Regulatory Top Holder): Rake Bancorporation (RSSDID: 1210002, Location: Rake, IA)
    Date Established: January 15, 1914
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 5423
    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: No
    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: 102 N Main St., Rake, IA 50465
    County: Winnebago
    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
  • Change in Location
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $59.9 mil
    Equity capital: $4.9 mil
    Deposits held in domestic offices: $54.6 mil
    Return on assets (ROA): 0.96% ($0.6 mil)
    Quarterly return on assets: 0.86% ($0.5 mil)
    Return on Equity (ROE): 11.49% ($0.6 mil)
    Quarterly return on equity: 10.30% ($0.5 mil)
    Net income: $0.5 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 1.42% ($850.6 mil)
    Quarterly Pretax return on assets: 1.27% ($760.7 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
  • 7Total employees (full-time equivalent)
  • $59,898Total assets
  • $5,356Cash and due from depository institutions
  • $940Interest-bearing balances
  • $6,168Securities
  • $571Federal funds sold & reverse repurchase agreements
  • $46,701Net loans & leases
  • $434Loan loss allowance
  • $0Trading account assets
  • $94Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $59,898Life insurance assets
  • $1,008All other assets
  • $54,976Total liabilities and capital
  • $54,596Total liabilities
  • $46,404Total deposits
  • $54,596Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $380Subordinated debt
  • $4,922All other liabilities
  • $4,922Total equity capital
  • $4,922Total bank equity capital
  • $0Perpetual preferred stock
  • $70Common stock
  • $430Surplus
  • $4,422Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $766Income earned, not collected on loans
  • $35Earning assets
  • $839Long-term assets (5+ years)
  • $54,380Average Assets, year-to-date
  • $2,994Average Assets, quarterly
  • $55,509Volatile liabilities
  • $58,453Insider loans
  • $50,365FHLB advances
  • $56,330Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $4,911Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $9,529Restructured Loans and leases
  • $1,994Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,476Total interest income
  • $797Total interest expense
  • $1,679Net interest income
  • $125Provision for loan and lease losses
  • $64Total noninterest income
  • $0Fiduciary activities
  • $55Service charges on deposit accounts
  • $0Trading account gains & fees
  • $9Additional noninterest income
  • $827Total noninterest expense
  • $610Salaries and employee benefits
  • $80Premises and equipment expense
  • $137Additional noninterest expense
  • $791Pre-tax net operating income
  • $0Securities gains (losses)
  • $257Applicable income taxes
  • $534Income before extraordinary items
  • $0Extraordinary gains - net
  • $534Net income attributable to bank
  • $0Net charge-offs
  • $534Cash dividends
  • $103Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.69%Yield on earning assets
  • 1.51%Cost of funding earning assets
  • 3.18%Net interest margin
  • 0.12%Noninterest income to earning assets
  • 1.57%Noninterest expense to earning assets
  • 0.96%Net operating income to assets
  • 0.96%Return on assets (ROA)
  • 1.42%Pretax return on assets
  • 11.49%Return on equity (ROE)
  • 11.49%Retained earnings to average equity (YTD only)
  • 0.24%Net charge-offs to loans
  • 121.36%Credit loss provision to net charge-offs
  • 8.89%Efficiency ratio
  • 47,447Assets per employee
  • 8.56%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.92%Loss allowance to noncurrent loans
  • 56.66%Noncurrent assets plus other real estate owned to assets
  • 1.28%Noncurrent loans to loans
  • 1.63%Net loans and leases to deposits
  • 85.54%Net loans and leases to core deposits
  • 95.80%Equity capital to assets
  • 8.22%Core capital (leverage) ratio
  • 8.72%Tier 1 risk-based capital ratio
  • 9.75%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $55,509Average earning assets
  • $4,646Average equity
  • $52,798Average loans

List of branches

  • 1 Iowa Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    05423State Savings Bank102 N Main St., Rake, IA 50465January 15, 1914Full Service Brick and Mortar

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