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


The Watkins Savings Bank - Overview

  • General
  • FDIC Certificate #: 18071
    Status: Active
    Federal Reserve ID: 437044
    Date Established: January 01, 1892
    WWW: http://www.watkinsbank.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 11995
    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 01, 1959
    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: 202 First Street, Watkins, IA 52354
    County: Benton
    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
    Core Based Statistical Area (CBSA): Cedar Rapids, IA (#16300)
    CBSA Metro Statistical Area: Cedar Rapids, IA (#16300)
  • History of Changes
  • Change in Location
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $66.9 mil
    Equity capital: $9.6 mil
    Deposits held in domestic offices: $51.6 mil
    Return on assets (ROA): 1.28% ($0.9 mil)
    Quarterly return on assets: 1.33% ($0.9 mil)
    Return on Equity (ROE): 9.04% ($0.9 mil)
    Quarterly return on equity: 9.13% ($0.9 mil)
    Net income: $0.8 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 1.40% ($936.9 mil)
    Quarterly Pretax return on assets: 1.30% ($869.9 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
  • 8Total employees (full-time equivalent)
  • $66,919Total assets
  • $6,400Cash and due from depository institutions
  • $5,668Interest-bearing balances
  • $30,881Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $28,653Net loans & leases
  • $172Loan loss allowance
  • $0Trading account assets
  • $125Bank premises and fixed assets
  • $33Other real estate owned
  • $0Goodwill and other intangibles
  • $66,919Life insurance assets
  • $827All other assets
  • $57,344Total liabilities and capital
  • $51,594Total liabilities
  • $45,723Total deposits
  • $51,594Interest-bearing deposits
  • $98Deposits held in domestic offices
  • 2844.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $2,000Trading liabilities
  • $0Other borrowed funds
  • $906Subordinated debt
  • $9,575All other liabilities
  • $9,575Total equity capital
  • $9,575Total bank equity capital
  • $0Perpetual preferred stock
  • $150Common stock
  • $1,350Surplus
  • $8,075Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3Income earned, not collected on loans
  • $0Earning assets
  • $571Long-term assets (5+ years)
  • $65,202Average Assets, year-to-date
  • $36,357Average Assets, quarterly
  • $62,692Volatile liabilities
  • $65,714Insider loans
  • $40,052FHLB advances
  • $65,443Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $8,271Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $6,581Restructured Loans and leases
  • $155Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,618Total interest income
  • $702Total interest expense
  • $1,916Net interest income
  • $0Provision for loan and lease losses
  • $49Total noninterest income
  • $0Fiduciary activities
  • $39Service charges on deposit accounts
  • $0Trading account gains & fees
  • $10Additional noninterest income
  • $1,090Total noninterest expense
  • $620Salaries and employee benefits
  • $133Premises and equipment expense
  • $337Additional noninterest expense
  • $875Pre-tax net operating income
  • $4Securities gains (losses)
  • $78Applicable income taxes
  • $801Income before extraordinary items
  • $0Extraordinary gains - net
  • $801Net income attributable to bank
  • $0Net charge-offs
  • $801Cash dividends
  • -$1Sale, conversion, retirement of capital stock, net
  • $293Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.30%Yield on earning assets
  • 1.15%Cost of funding earning assets
  • 3.15%Net interest margin
  • 0.08%Noninterest income to earning assets
  • 1.79%Noninterest expense to earning assets
  • 1.27%Net operating income to assets
  • 1.28%Return on assets (ROA)
  • 1.40%Pretax return on assets
  • 9.04%Return on equity (ROE)
  • 5.73%Retained earnings to average equity (YTD only)
  • -0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 55,471Assets per employee
  • 8.36%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 36.58%Loss allowance to loans
  • 0.60%Loss allowance to noncurrent loans
  • 5733.33%Noncurrent assets plus other real estate owned to assets
  • 0.05%Noncurrent loans to loans
  • 0.01%Net loans and leases to deposits
  • 55.54%Net loans and leases to core deposits
  • 56.66%Equity capital to assets
  • 14.31%Core capital (leverage) ratio
  • 12.64%Tier 1 risk-based capital ratio
  • 20.65%Total risk-based capital ratio
  • Memoranda
  • $21Average assets
  • $62,692Average earning assets
  • $8,858Average equity
  • $60,848Average loans

List of branches

  • 1 Iowa Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    011995The Watkins Savings Bank202 First Street, Watkins, IA 52354January 01, 1892Full Service Brick and Mortar

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