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

The Libertyville Savings Bank - Overview

  • General
  • FDIC Certificate #: 13712
    Status: Active
    Federal Reserve ID: 857745
    Bank Holding Company (Regulatory Top Holder): Village Investment Company (RSSDID: 2260376, Location: Libertyville, IA)
    Date Established: September 16, 1901
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    OTS Docket #: 10669
    FDIC's unique #: 8570
    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 15, 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: 2000 West Jefferson, Fairfield, IA 52556
    County: Jefferson
    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: $196.7 mil
    Equity capital: $21.1 mil
    Deposits held in domestic offices: $164.1 mil
    Return on assets (ROA): 1.65% ($3.3 mil)
    Quarterly return on assets: 1.22% ($2.4 mil)
    Return on Equity (ROE): 15.98% ($3.4 mil)
    Quarterly return on equity: 11.36% ($2.4 mil)
    Net income: $3.0 mil
    Quarterly Net income: $0.6 mil
    Pretax return on assets: 1.74% ($3,422.6 mil)
    Quarterly Pretax return on assets: 1.29% ($2,537.4 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
  • 33Total employees (full-time equivalent)
  • $196,701Total assets
  • $20,156Cash and due from depository institutions
  • $5,316Interest-bearing balances
  • $49,237Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $120,214Net loans & leases
  • $1,530Loan loss allowance
  • $0Trading account assets
  • $2,272Bank premises and fixed assets
  • $951Other real estate owned
  • $0Goodwill and other intangibles
  • $196,701Life insurance assets
  • $3,871All other assets
  • $175,596Total liabilities and capital
  • $164,138Total liabilities
  • $137,556Total deposits
  • $164,138Interest-bearing deposits
  • $88Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $10,900Trading liabilities
  • $0Other borrowed funds
  • $558Subordinated debt
  • $21,105All other liabilities
  • $21,105Total equity capital
  • $21,105Total bank equity capital
  • $0Perpetual preferred stock
  • $155Common stock
  • $6,140Surplus
  • $14,810Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,955Income earned, not collected on loans
  • $0Earning assets
  • $1,991Long-term assets (5+ years)
  • $174,767Average Assets, year-to-date
  • $44,637Average Assets, quarterly
  • $184,906Volatile liabilities
  • $194,376Insider loans
  • $136,739FHLB advances
  • $193,224Loans and leases held for sale
  • $719Unused loan commitments
  • $719Tier 1 (core) risk-based capital
  • $19,559Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $14,930Restructured Loans and leases
  • $1,009Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $9,214Total interest income
  • $2,072Total interest expense
  • $7,142Net interest income
  • $600Provision for loan and lease losses
  • $716Total noninterest income
  • $1Fiduciary activities
  • $504Service charges on deposit accounts
  • $0Trading account gains & fees
  • $211Additional noninterest income
  • $4,348Total noninterest expense
  • $2,314Salaries and employee benefits
  • $792Premises and equipment expense
  • $1,242Additional noninterest expense
  • $2,910Pre-tax net operating income
  • $299Securities gains (losses)
  • $165Applicable income taxes
  • $3,044Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,044Net income attributable to bank
  • $0Net charge-offs
  • $3,044Cash dividends
  • $953Sale, conversion, retirement of capital stock, net
  • $770Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.54%Yield on earning assets
  • 1.24%Cost of funding earning assets
  • 4.29%Net interest margin
  • 0.43%Noninterest income to earning assets
  • 2.61%Noninterest expense to earning assets
  • 1.49%Net operating income to assets
  • 1.65%Return on assets (ROA)
  • 1.74%Pretax return on assets
  • 15.98%Return on equity (ROE)
  • 11.94%Retained earnings to average equity (YTD only)
  • 0.77%Net charge-offs to loans
  • 62.96%Credit loss provision to net charge-offs
  • 3.68%Efficiency ratio
  • 55,332Assets per employee
  • 5.96%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 25.30%Loss allowance to loans
  • 1.26%Loss allowance to noncurrent loans
  • 38.69%Noncurrent assets plus other real estate owned to assets
  • 2.49%Noncurrent loans to loans
  • 3.25%Net loans and leases to deposits
  • 73.24%Net loans and leases to core deposits
  • 75.70%Equity capital to assets
  • 10.73%Core capital (leverage) ratio
  • 10.12%Tier 1 risk-based capital ratio
  • 14.30%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $184,906Average earning assets
  • $19,048Average equity
  • $166,429Average 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
  • $523Managed Assets
  • 1Number of Accounts
  • $523Personal trust and agency accounts
  • $523Employee 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
  • 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
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 4 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    08570The Libertyville Savings Bank2000 West Jefferson, Fairfield, IA 52556September 16, 1901Full Service Brick and Mortar
    2229895Libertyville Branch106 West Maple, Libertyville, IA 52567April 22, 1996Full Service Brick and Mortar
    3229896Eldon Branch403 West Elm, Eldon, IA 52554July 24, 1997Full Service Brick and Mortar
    4463378Keosauqua Branch20390 Highway 1 North, Keosauqua, IA 52565April 27, 2007Full Service Brick and Mortar

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