Swisher Trust & Savings Bank in Swisher, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches


Swisher Trust & Savings Bank - Overview

  • General
  • FDIC Certificate #: 8516
    Status: Active
    Federal Reserve ID: 191449
    Bank Holding Company (Regulatory Top Holder): Swisher Bankshares, Inc. (RSSDID: 1978683, Location: Swisher, IA)
    Date Established: January 01, 1913
    WWW: http://www.swisherbank.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 5426
    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: No
    Asset Concentration Hierarchy: Other Specialized Lending < 1 Billion
    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: 59 Rose Avenue, Swisher, IA 52338
    County: Johnson
    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
    Metropolitan Statistical Area (MSA): Iowa City, IA (#3500)
    Core Based Statistical Area (CBSA): Iowa City, IA (#26980)
    CBSA Metro Statistical Area: Iowa City, IA (#26980)
  • History of Changes
  • Change in Location
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $43.4 mil
    Equity capital: $5.1 mil
    Deposits held in domestic offices: $37.9 mil
    Return on assets (ROA): 0.44% ($0.2 mil)
    Quarterly return on assets: 0.31% ($0.1 mil)
    Return on Equity (ROE): 3.77% ($0.2 mil)
    Quarterly return on equity: 2.61% ($0.1 mil)
    Net income: $0.2 mil
    Quarterly Net income: $0.0 mil
    Pretax return on assets: 0.54% ($234.1 mil)
    Quarterly Pretax return on assets: 0.33% ($143.1 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
  • 8Total employees (full-time equivalent)
  • $43,358Total assets
  • $4,527Cash and due from depository institutions
  • $1,650Interest-bearing balances
  • $22,403Securities
  • $242Federal funds sold & reverse repurchase agreements
  • $15,532Net loans & leases
  • $146Loan loss allowance
  • $0Trading account assets
  • $330Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $43,358Life insurance assets
  • $324All other assets
  • $38,219Total liabilities and capital
  • $37,942Total liabilities
  • $30,181Total deposits
  • $37,942Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $277Subordinated debt
  • $5,139All other liabilities
  • $5,139Total equity capital
  • $5,139Total bank equity capital
  • $0Perpetual preferred stock
  • $180Common stock
  • $820Surplus
  • $4,139Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4Income earned, not collected on loans
  • $0Earning assets
  • $219Long-term assets (5+ years)
  • $39,827Average Assets, year-to-date
  • $21,431Average Assets, quarterly
  • $42,955Volatile liabilities
  • $43,403Insider loans
  • $26,336FHLB advances
  • $42,779Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $4,828Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $345Restructured Loans and leases
  • $433Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,583Total interest income
  • $297Total interest expense
  • $1,286Net interest income
  • $52Provision for loan and lease losses
  • $102Total noninterest income
  • $1Fiduciary activities
  • $81Service charges on deposit accounts
  • $0Trading account gains & fees
  • $20Additional noninterest income
  • $1,102Total noninterest expense
  • $671Salaries and employee benefits
  • $110Premises and equipment expense
  • $321Additional noninterest expense
  • $234Pre-tax net operating income
  • $0Securities gains (losses)
  • $45Applicable income taxes
  • $189Income before extraordinary items
  • $0Extraordinary gains - net
  • $189Net income attributable to bank
  • $0Net charge-offs
  • $189Cash dividends
  • $29Sale, conversion, retirement of capital stock, net
  • $153Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.93%Yield on earning assets
  • 0.74%Cost of funding earning assets
  • 3.19%Net interest margin
  • 0.25%Noninterest income to earning assets
  • 2.73%Noninterest expense to earning assets
  • 0.44%Net operating income to assets
  • 0.44%Return on assets (ROA)
  • 0.54%Pretax return on assets
  • 3.77%Return on equity (ROE)
  • 0.72%Retained earnings to average equity (YTD only)
  • 0.18%Net charge-offs to loans
  • 179.31%Credit loss provision to net charge-offs
  • 9.86%Efficiency ratio
  • 79,395Assets per employee
  • 5.42%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 80.95%Loss allowance to loans
  • 0.93%Loss allowance to noncurrent loans
  • 3650.00%Noncurrent assets plus other real estate owned to assets
  • 0.01%Noncurrent loans to loans
  • 0.03%Net loans and leases to deposits
  • 40.94%Net loans and leases to core deposits
  • 40.94%Equity capital to assets
  • 11.85%Core capital (leverage) ratio
  • 11.29%Tier 1 risk-based capital ratio
  • 18.33%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $42,955Average earning assets
  • $5,013Average equity
  • $40,316Average 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
  • $657Managed Assets
  • 1Number of Accounts
  • $657Personal trust and agency accounts
  • $657Employee 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
  • 6Number 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

  • 1 Iowa Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    05426Swisher Trust & Savings Bank59 Rose Avenue, Swisher, IA 52338January 01, 1913Full Service Brick and Mortar

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