Success Bank in city_name, state_name - Detailed Financial Reports, Location

Success Bank in Bloomfield, Iowa (IA)
Show street view No street view available for this location

Success Bank routing number info

Success Bank - Overview

General
FDIC Certificate #: 10127
Status: Active
Federal Reserve ID: 179148
Bank Holding Company (Regulatory Top Holder): Garrett Bancshares, Ltd. (RSSDID: 1205044, Location: Bloomfield, IA)
Date Established: January 01, 1900
WWW: http://www.successbank.net
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Domestic: 3, Interstate: No)
FDIC's unique #: 6480
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: January 01, 1934
Last Structure Change Effective Date: January 02, 2008
Last Structure Change Process Date: Febuary 07, 2008
Last Data Update: Febuary 07, 2008
Data Source Date: April 05, 2012
Location
Address: 109 North Madison Street, Bloomfield, IA 52537
County: Davis
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
Name Change
Financial Summary
Total assets: $114.7 mil
Equity capital: $13.5 mil
Deposits held in domestic offices: $100.2 mil
Return on assets (ROA): 1.70% ($2.0 mil)
Quarterly return on assets: 1.60% ($1.8 mil)
Return on Equity (ROE): 14.78% ($1.9 mil)
Quarterly return on equity: 13.46% ($1.7 mil)
Net income: $1.9 mil
Quarterly Net income: $0.4 mil
Pretax return on assets: 1.76% ($2,018.1 mil)
Quarterly Pretax return on assets: 1.68% ($1,926.4 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
32Total employees (full-time equivalent)
$114,665Total assets
$11,648Cash and due from depository institutions
$7,894Interest-bearing balances
$7,410Securities
$0Federal funds sold & reverse repurchase agreements
$87,239Net loans & leases
$1,375Loan loss allowance
$0Trading account assets
$3,979Bank premises and fixed assets
$249Other real estate owned
$0Goodwill and other intangibles
$114,665Life insurance assets
$4,140All other assets
$101,194Total liabilities and capital
$100,160Total liabilities
$79,739Total deposits
$100,160Interest-bearing deposits
$90Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$1,034Subordinated debt
$13,471All other liabilities
$13,471Total equity capital
$13,471Total bank equity capital
$0Perpetual preferred stock
$760Common stock
$2,240Surplus
$10,471Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$371Income earned, not collected on loans
$0Earning assets
$1,545Long-term assets (5+ years)
$102,543Average Assets, year-to-date
$28,417Average Assets, quarterly
$112,181Volatile liabilities
$112,062Insider loans
$94,680FHLB advances
$113,734Loans and leases held for sale
$2,018Unused loan commitments
$2,018Tier 1 (core) risk-based capital
$13,116Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$10,021Restructured Loans and leases
$23Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$6,067Total interest income
$1,231Total interest expense
$4,836Net interest income
$231Provision for loan and lease losses
$1,042Total noninterest income
$4Fiduciary activities
$279Service charges on deposit accounts
$0Trading account gains & fees
$759Additional noninterest income
$3,671Total noninterest expense
$2,119Salaries and employee benefits
$672Premises and equipment expense
$880Additional noninterest expense
$1,976Pre-tax net operating income
$0Securities gains (losses)
$69Applicable income taxes
$1,907Income before extraordinary items
$0Extraordinary gains - net
$1,907Net income attributable to bank
$0Net charge-offs
$1,907Cash dividends
$138Sale, conversion, retirement of capital stock, net
$1,372Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.98%Yield on earning assets
1.21%Cost of funding earning assets
4.77%Net interest margin
1.03%Noninterest income to earning assets
3.62%Noninterest expense to earning assets
1.70%Net operating income to assets
1.70%Return on assets (ROA)
1.76%Pretax return on assets
14.78%Return on equity (ROE)
4.15%Retained earnings to average equity (YTD only)
0.16%Net charge-offs to loans
167.39%Credit loss provision to net charge-offs
15.99%Efficiency ratio
62,453Assets per employee
3.58%Cash dividends to net income (YTD only)
Condition Ratios (%)
71.95%Loss allowance to loans
1.55%Loss allowance to noncurrent loans
370.62%Noncurrent assets plus other real estate owned to assets
0.54%Noncurrent loans to loans
0.42%Net loans and leases to deposits
87.10%Net loans and leases to core deposits
95.53%Equity capital to assets
11.75%Core capital (leverage) ratio
11.53%Tier 1 risk-based capital ratio
13.85%Total risk-based capital ratio
Memoranda
$15Average assets
$112,181Average earning assets
$12,902Average equity
$101,421Average 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
$4,352Managed Assets
1Number of Accounts
$4,352Personal trust and agency accounts
$4,352Employee 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
$0Other retirement accounts
$0Corporate trust and agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices

List of branches

3 Iowa Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	6480	Success Bank	109 North Madison Street, Bloomfield, IA 52537	January 01, 1900	Full Service Brick and Mortar
1	221898	Moulton Branch	112 North Main Street, Moulton, IA 52572	August 05, 1935	Limited Service Facility
2	448807	Davis County Savings Bank	408 North Main Street, Milton, IA 52570	Febuary 06, 2006	Limited Service Facility

Success Bank in Bloomfield, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Success Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Total Fiduciary and Related Assets (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

Success Bank in Bloomfield, Iowa (IA)Overview, Financial Summary, Detailed Financial Reports, Branches

Success Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Total Fiduciary and Related Assets (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

Success Bank in Bloomfield, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches