The Shelby County State Bank in Harlan, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

The Shelby County State Bank - Overview

  • General
  • FDIC Certificate #: 1553
    Status: Active
    Federal Reserve ID: 536349
    Bank Holding Company (Regulatory Top Holder): Lauritzen Corporation (RSSDID: 1066209, Location: Omaha, NE)
    Date Established: August 02, 1909
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 9 (Domestic: 9, Interstate: No)
    OTS Docket #: 16078
    FDIC's unique #: 1022
    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: 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: 508 Court Street, Harlan, IA 51537
    County: Shelby
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Omaha
    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: $224.6 mil
    Equity capital: $22.6 mil
    Deposits held in domestic offices: $201.5 mil
    Return on assets (ROA): 1.01% ($2.3 mil)
    Quarterly return on assets: 0.87% ($2.0 mil)
    Return on Equity (ROE): 10.57% ($2.4 mil)
    Quarterly return on equity: 8.74% ($2.0 mil)
    Net income: $2.3 mil
    Quarterly Net income: $0.5 mil
    Pretax return on assets: 1.53% ($3,436.5 mil)
    Quarterly Pretax return on assets: 1.32% ($2,964.8 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
  • 57Total employees (full-time equivalent)
  • $224,606Total assets
  • $23,094Cash and due from depository institutions
  • $17,433Interest-bearing balances
  • $40,005Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $151,174Net loans & leases
  • $1,798Loan loss allowance
  • $0Trading account assets
  • $2,311Bank premises and fixed assets
  • $22Other real estate owned
  • $3,622Goodwill and other intangibles
  • $224,606Life insurance assets
  • $4,378All other assets
  • $202,034Total liabilities and capital
  • $201,474Total liabilities
  • $164,480Total deposits
  • $201,474Interest-bearing deposits
  • $98Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $560Subordinated debt
  • $22,572All other liabilities
  • $22,572Total equity capital
  • $22,572Total bank equity capital
  • $0Perpetual preferred stock
  • $1,289Common stock
  • $15,639Surplus
  • $5,644Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $685Income earned, not collected on loans
  • $0Earning assets
  • $2,767Long-term assets (5+ years)
  • $208,612Average Assets, year-to-date
  • $18,560Average Assets, quarterly
  • $229,116Volatile liabilities
  • $226,332Insider loans
  • $164,117FHLB advances
  • $226,538Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $18,458Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $35,137Restructured Loans and leases
  • $460Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $9,175Total interest income
  • $1,074Total interest expense
  • $8,101Net interest income
  • $431Provision for loan and lease losses
  • $943Total noninterest income
  • $3Fiduciary activities
  • $825Service charges on deposit accounts
  • $0Trading account gains & fees
  • $115Additional noninterest income
  • $5,225Total noninterest expense
  • $3,290Salaries and employee benefits
  • $537Premises and equipment expense
  • $1,398Additional noninterest expense
  • $3,388Pre-tax net operating income
  • $125Securities gains (losses)
  • $1,200Applicable income taxes
  • $2,313Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,313Net income attributable to bank
  • $0Net charge-offs
  • $2,313Cash dividends
  • $155Sale, conversion, retirement of capital stock, net
  • $1,173Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.43%Yield on earning assets
  • 0.52%Cost of funding earning assets
  • 3.91%Net interest margin
  • 0.45%Noninterest income to earning assets
  • 2.52%Noninterest expense to earning assets
  • 0.97%Net operating income to assets
  • 1.01%Return on assets (ROA)
  • 1.53%Pretax return on assets
  • 10.57%Return on equity (ROE)
  • 5.21%Retained earnings to average equity (YTD only)
  • 0.11%Net charge-offs to loans
  • 278.06%Credit loss provision to net charge-offs
  • 24.64%Efficiency ratio
  • 57,773Assets per employee
  • 3.94%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 50.71%Loss allowance to loans
  • 1.18%Loss allowance to noncurrent loans
  • 262.48%Noncurrent assets plus other real estate owned to assets
  • 0.31%Noncurrent loans to loans
  • 0.45%Net loans and leases to deposits
  • 75.03%Net loans and leases to core deposits
  • 77.49%Equity capital to assets
  • 10.05%Core capital (leverage) ratio
  • 8.15%Tier 1 risk-based capital ratio
  • 11.25%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $229,116Average earning assets
  • $21,892Average equity
  • $207,255Average 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
  • $3,491Managed Assets
  • 1Number of Accounts
  • $3,051Personal trust and agency accounts
  • $3,051Employee 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
  • 74Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $440Other retirement accounts
  • $440Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 9 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    01022The Shelby County State Bank508 Court Street, Harlan, IA 51537August 02, 1909Full Service Brick and Mortar
    13963Shelby Branch425 East Street, Shelby, IA 51570January 01, 1905Full Service Brick and Mortar
    2208195Elk Horn Branch4039 Main Street, Elk Horn, IA 51531April 01, 1934Full Service Brick and Mortar
    37903Portsmouth Branch111 Main Street, Portsmouth, IA 51565January 01, 1887Full Service Brick and Mortar
    4227070Panama Branch104 Main Street, Panama, IA 51562May 31, 1943Full Service Brick and Mortar
    58682Irwin Branch512 Ann Street, Irwin, IA 51446September 07, 1911Full Service Brick and Mortar
    6208197Harlan Branch2010 23rd Street, Harlan, IA 51537August 03, 1992Full Service Brick and Mortar
    7447224Elm Crest Retirement Center2104 12th Street, Harlan, IA 51537January 27, 2006
    8447225Little Flower Haven Retirement Cente736 Hwy 37, Earling, IA 51530January 25, 2006

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