The Exchange State Bank in Springville, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches


The Exchange State Bank - Overview

  • General
  • FDIC Certificate #: 16094
    Status: Active
    Federal Reserve ID: 362043
    Bank Holding Company (Regulatory Top Holder): Country Bancorporation (RSSDID: 1203910, Location: Crawfordsville, IA)
    Date Established: January 01, 1934
    WWW: http://www.exchangestatebank.net
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 10311
    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: September 22, 1943
    Last Structure Change Effective Date: August 05, 2009
    Last Structure Change Process Date: September 16, 2009
    Last Data Update: September 16, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 253 Broadway, Springville, IA 52336
    County: Linn
    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): Cedar Rapids, IA (#1360)
    Core Based Statistical Area (CBSA): Cedar Rapids, IA (#16300)
    CBSA Metro Statistical Area: Cedar Rapids, IA (#16300)
  • History of Changes
  • Office Purchased
  • Financial Summary
  • Total assets: $41.7 mil
    Equity capital: $3.3 mil
    Deposits held in domestic offices: $37.4 mil
    Return on assets (ROA): 0.50% ($0.2 mil)
    Quarterly return on assets: 0.61% ($0.3 mil)
    Return on Equity (ROE): 5.97% ($0.2 mil)
    Quarterly return on equity: 7.38% ($0.2 mil)
    Net income: $0.2 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.63% ($262.5 mil)
    Quarterly Pretax return on assets: 0.74% ($308.3 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
  • 12Total employees (full-time equivalent)
  • $41,660Total assets
  • $6,887Cash and due from depository institutions
  • $4,575Interest-bearing balances
  • $14,336Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $19,144Net loans & leases
  • $228Loan loss allowance
  • $0Trading account assets
  • $723Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $41,660Life insurance assets
  • $570All other assets
  • $38,315Total liabilities and capital
  • $37,396Total liabilities
  • $24,510Total deposits
  • $37,396Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 794.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $125Subordinated debt
  • $3,345All other liabilities
  • $3,345Total equity capital
  • $3,345Total bank equity capital
  • $0Perpetual preferred stock
  • $50Common stock
  • $2,250Surplus
  • $1,045Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $290Long-term assets (5+ years)
  • $38,055Average Assets, year-to-date
  • $14,521Average Assets, quarterly
  • $38,805Volatile liabilities
  • $40,023Insider loans
  • $21,161FHLB advances
  • $39,451Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $3,319Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $3,514Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,501Total interest income
  • $335Total interest expense
  • $1,166Net interest income
  • $40Provision for loan and lease losses
  • $129Total noninterest income
  • $0Fiduciary activities
  • $19Service charges on deposit accounts
  • $0Trading account gains & fees
  • $110Additional noninterest income
  • $1,011Total noninterest expense
  • $624Salaries and employee benefits
  • $186Premises and equipment expense
  • $201Additional noninterest expense
  • $244Pre-tax net operating income
  • $0Securities gains (losses)
  • $51Applicable income taxes
  • $193Income before extraordinary items
  • $0Extraordinary gains - net
  • $193Net income attributable to bank
  • $0Net charge-offs
  • $193Cash dividends
  • $2Sale, conversion, retirement of capital stock, net
  • $200Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.20%Yield on earning assets
  • 0.94%Cost of funding earning assets
  • 3.26%Net interest margin
  • 0.36%Noninterest income to earning assets
  • 2.83%Noninterest expense to earning assets
  • 0.50%Net operating income to assets
  • 0.50%Return on assets (ROA)
  • 0.63%Pretax return on assets
  • 5.97%Return on equity (ROE)
  • -0.22%Retained earnings to average equity (YTD only)
  • 0.01%Net charge-offs to loans
  • 2000.00%Credit loss provision to net charge-offs
  • 142.00%Efficiency ratio
  • 78,069Assets per employee
  • 3.47%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 103.63%Loss allowance to loans
  • 1.18%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 51.19%Net loans and leases to core deposits
  • 52.17%Equity capital to assets
  • 8.03%Core capital (leverage) ratio
  • 8.41%Tier 1 risk-based capital ratio
  • 15.68%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $38,805Average earning assets
  • $3,231Average equity
  • $35,774Average loans

Total Fiduciary and Related Assets (December 31, 2010)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $1,457Managed Assets
  • 1Number 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
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 98Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $1,457Other 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
  • NoIDNameAddressEstablishedService TypeMap
    010311The Exchange State Bank253 Broadway, Springville, IA 52336January 01, 1934Full Service Brick and Mortar
    1237249Swisher Branch2721 120th Street, N.E., Swisher, IA 52338August 04, 1997Full Service Brick and Mortar
    2360443Martelle Branch105 Marion St, Martelle, IA 52305June 04, 2001Full Service Brick and Mortar

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