The Garnavillo Savings Bank in Garnavillo, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • The Garnavillo Savings Bank in Garnavillo, Iowa (IA)
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The Garnavillo Savings Bank - Overview

  • General
  • FDIC Certificate #: 10898
    Status: Active
    Federal Reserve ID: 473341
    Bank Holding Company (Regulatory Top Holder): Garnavillo Bank Corporation (RSSDID: 1209891, Location: Garnavillo, IA)
    Date Established: July 18, 1904
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    OTS Docket #: 10493
    FDIC's unique #: 6978
    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: 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: 101 S. Main Street, Garnavillo, IA 52049
    County: Clayton
    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
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $37.9 mil
    Equity capital: $3.7 mil
    Deposits held in domestic offices: $34.0 mil
    Return on assets (ROA): 1.15% ($0.4 mil)
    Quarterly return on assets: 1.73% ($0.7 mil)
    Return on Equity (ROE): 12.74% ($0.5 mil)
    Quarterly return on equity: 17.92% ($0.7 mil)
    Net income: $0.4 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 1.21% ($458.8 mil)
    Quarterly Pretax return on assets: 1.82% ($690.1 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
  • 6Total employees (full-time equivalent)
  • $37,915Total assets
  • $4,469Cash and due from depository institutions
  • $2,988Interest-bearing balances
  • $3,407Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $29,231Net loans & leases
  • $414Loan loss allowance
  • $0Trading account assets
  • $155Bank premises and fixed assets
  • $180Other real estate owned
  • $0Goodwill and other intangibles
  • $37,915Life insurance assets
  • $473All other assets
  • $34,238Total liabilities and capital
  • $33,974Total liabilities
  • $28,811Total deposits
  • $33,974Interest-bearing deposits
  • $99Deposits held in domestic offices
  • 212.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $52Subordinated debt
  • $3,677All other liabilities
  • $3,677Total equity capital
  • $3,677Total bank equity capital
  • $0Perpetual preferred stock
  • $150Common stock
  • $750Surplus
  • $2,777Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $695Income earned, not collected on loans
  • $0Earning assets
  • $291Long-term assets (5+ years)
  • $35,626Average Assets, year-to-date
  • $7,793Average Assets, quarterly
  • $38,399Volatile liabilities
  • $38,011Insider loans
  • $28,232FHLB advances
  • $39,011Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $3,528Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $5,217Restructured Loans and leases
  • $20Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,964Total interest income
  • $399Total interest expense
  • $1,565Net interest income
  • $148Provision for loan and lease losses
  • $144Total noninterest income
  • $0Fiduciary activities
  • $74Service charges on deposit accounts
  • $0Trading account gains & fees
  • $70Additional noninterest income
  • $1,097Total noninterest expense
  • $510Salaries and employee benefits
  • $46Premises and equipment expense
  • $541Additional noninterest expense
  • $464Pre-tax net operating income
  • $0Securities gains (losses)
  • $23Applicable income taxes
  • $441Income before extraordinary items
  • $0Extraordinary gains - net
  • $441Net income attributable to bank
  • $0Net charge-offs
  • $441Cash dividends
  • $304Sale, conversion, retirement of capital stock, net
  • $125Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.41%Yield on earning assets
  • 1.10%Cost of funding earning assets
  • 4.31%Net interest margin
  • 0.40%Noninterest income to earning assets
  • 3.02%Noninterest expense to earning assets
  • 1.15%Net operating income to assets
  • 1.15%Return on assets (ROA)
  • 1.21%Pretax return on assets
  • 12.74%Return on equity (ROE)
  • 9.13%Retained earnings to average equity (YTD only)
  • 0.97%Net charge-offs to loans
  • 48.68%Credit loss provision to net charge-offs
  • 2.01%Efficiency ratio
  • 64,190Assets per employee
  • 6.32%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 28.34%Loss allowance to loans
  • 1.40%Loss allowance to noncurrent loans
  • 59.57%Noncurrent assets plus other real estate owned to assets
  • 2.31%Noncurrent loans to loans
  • 2.34%Net loans and leases to deposits
  • 86.04%Net loans and leases to core deposits
  • 86.04%Equity capital to assets
  • 9.70%Core capital (leverage) ratio
  • 9.04%Tier 1 risk-based capital ratio
  • 12.50%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $38,399Average earning assets
  • $3,462Average equity
  • $36,301Average 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
  • $198Managed 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
  • 34Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $198Other 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
    06978The Garnavillo Savings Bank101 S. Main Street, Garnavillo, IA 52049July 18, 1904Full Service Brick and Mortar

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