Swisher Trust & Savings Bank in Swisher, Iowa (IA)



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Swisher Trust & Savings Bank routing number info

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Swisher Trust & Savings Bank
GeneralFDIC 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
LocationAddress: 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 ChangesChange in Location
Merge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)8
Total assets$43,358
Cash and due from depository institutions$4,527
Interest-bearing balances$1,650
Securities$22,403
Federal funds sold & reverse repurchase agreements$242
Net loans & leases$15,532
Loan loss allowance $146
Trading account assets$0
Bank premises and fixed assets$330
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$324
Life insurance assets$43,358
Total liabilities and capital$38,219
Total liabilities$37,942
Total deposits$30,181
Interest-bearing deposits$37,942
Deposits held in domestic offices$97
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $277
All other liabilities $5,139
Total equity capital$5,139
Total bank equity capital$5,139
Perpetual preferred stock$0
Common stock$180
Surplus$820
Undivided profits $4,139
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $4
Earning assets $0
Long-term assets (5+ years) $219
Average Assets, year-to-date $39,827
Average Assets, quarterly $21,431
Volatile liabilities $42,955
Insider loans $43,403
FHLB advances $26,336
Loans and leases held for sale $42,779
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $4,828
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $345
Derivatives$433
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $1,583
Total interest expense $297
Net interest income $1,286
Provision for loan and lease losses $52
Total noninterest income $102
Fiduciary activities $1
Service charges on deposit accounts $81
Trading account gains & fees $0
Additional noninterest income $20
Total noninterest expense $1,102
Salaries and employee benefits $671
Premises and equipment expense $110
Additional noninterest expense $321
Pre-tax net operating income $234
Securities gains (losses) $0
Applicable income taxes $45
Income before extraordinary items $189
Extraordinary gains - net $0
Net income attributable to bank $189
Net charge-offs $0
Cash dividends $189
Sale, conversion, retirement of capital stock, net $29
Net operating income $153
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets3.93%
Cost of funding earning assets 0.74%
Net interest margin 3.19%
Noninterest income to earning assets 0.25%
Noninterest expense to earning assets 2.73%
Net operating income to assets 0.44%
Return on assets (ROA) 0.44%
Pretax return on assets 0.54%
Return on equity (ROE) 3.77%
Retained earnings to average equity (YTD only) 0.72%
Net charge-offs to loans 0.18%
Credit loss provision to net charge-offs 179.31%
Efficiency ratio9.86%
Assets per employee$79,395
Cash dividends to net income (YTD only)5.42%
Condition Ratios (%)
Loss allowance to loans 80.95%
Loss allowance to noncurrent loans 0.93%
Noncurrent assets plus other real estate owned to assets 3650.00%
Noncurrent loans to loans 0.01%
Net loans and leases to deposits0.03%
Net loans and leases to core deposits 40.94%
Equity capital to assets 40.94%
Core capital (leverage) ratio 11.85%
Tier 1 risk-based capital ratio 11.29%
Total risk-based capital ratio 18.33%
Memoranda
Average assets$19
Average earning assets$42,955
Average equity $5,013
Average loans $40,316
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Total Fiduciary and Related Assets (December 31, 2011)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$657
Number of Accounts1
Personal trust and agency accounts$657
Employee benefit-defined contribution accounts$657
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$0
Investment management agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts6
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
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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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