Two Rivers Bank & Trust in Burlington, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches


Two Rivers Bank & Trust - Overview

  • General
  • FDIC Certificate #: 58013
    Status: Active
    Federal Reserve ID: 3320781
    Bank Holding Company (Regulatory Top Holder): Two Rivers Financial Group, Inc. (RSSDID: 1947102, Location: Burlington, IA)
    Date Established: May 02, 2005
    WWW: http://www.tworiversbank.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 12 (Domestic: 12, Interstate: No)
    FDIC's unique #: 433860
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: May 02, 2005
    Last Structure Change Effective Date: June 04, 2010
    Last Structure Change Process Date: July 26, 2010
    Last Data Update: July 26, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 222 North Main Street, Burlington, IA 52601
    County: Des Moines
    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): Burlington, IA-IL (#15460)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Office Purchased
  • Financial Summary
  • Total assets: $668.0 mil
    Equity capital: $73.3 mil
    Deposits held in domestic offices: $455.8 mil
    Return on assets (ROA): 0.33% ($2.2 mil)
    Quarterly return on assets: -0.11% (-$0.7 mil)
    Return on Equity (ROE): 3.24% ($2.4 mil)
    Quarterly return on equity: -1.03% (-$0.8 mil)
    Net income: $2.3 mil
    Quarterly Net income: -$0.2 mil
    Pretax return on assets: 0.46% ($3,072.6 mil)
    Quarterly Pretax return on assets: -0.27% (-$1,803.5 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
  • 135Total employees (full-time equivalent)
  • $667,958Total assets
  • $13,263Cash and due from depository institutions
  • $2,760Interest-bearing balances
  • $190,101Securities
  • $499Federal funds sold & reverse repurchase agreements
  • $426,366Net loans & leases
  • $8,194Loan loss allowance
  • $0Trading account assets
  • $7,250Bank premises and fixed assets
  • $6,076Other real estate owned
  • $4,687Goodwill and other intangibles
  • $667,958Life insurance assets
  • $19,716All other assets
  • $594,663Total liabilities and capital
  • $455,750Total liabilities
  • $377,382Total deposits
  • $455,750Interest-bearing deposits
  • $87Deposits held in domestic offices
  • 94042.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $42,500Trading liabilities
  • $0Other borrowed funds
  • $2,371Subordinated debt
  • $73,295All other liabilities
  • $73,295Total equity capital
  • $73,295Total bank equity capital
  • $0Perpetual preferred stock
  • $500Common stock
  • $58,130Surplus
  • $14,665Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $10,469Income earned, not collected on loans
  • $0Earning assets
  • $2,953Long-term assets (5+ years)
  • $619,726Average Assets, year-to-date
  • $175,814Average Assets, quarterly
  • $680,329Volatile liabilities
  • $676,968Insider loans
  • $487,045FHLB advances
  • $654,673Loans and leases held for sale
  • $10,114Unused loan commitments
  • $5,939Tier 1 (core) risk-based capital
  • $65,749Tier 2 risk-based capital
  • $4,175Total risk weighted assets
  • $0Total unused commitments
  • $85,774Restructured Loans and leases
  • $3,427Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $26,486Total interest income
  • $6,250Total interest expense
  • $20,236Net interest income
  • $5,465Provision for loan and lease losses
  • $5,390Total noninterest income
  • $1,557Fiduciary activities
  • $1,206Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,627Additional noninterest income
  • $17,202Total noninterest expense
  • $8,675Salaries and employee benefits
  • $2,486Premises and equipment expense
  • $6,041Additional noninterest expense
  • $2,959Pre-tax net operating income
  • $153Securities gains (losses)
  • $855Applicable income taxes
  • $2,257Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,257Net income attributable to bank
  • $0Net charge-offs
  • $2,257Cash dividends
  • $3,017Sale, conversion, retirement of capital stock, net
  • $5,965Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.16%Yield on earning assets
  • 0.98%Cost of funding earning assets
  • 3.18%Net interest margin
  • 0.85%Noninterest income to earning assets
  • 2.70%Noninterest expense to earning assets
  • 0.32%Net operating income to assets
  • 0.33%Return on assets (ROA)
  • 0.46%Pretax return on assets
  • 3.24%Return on equity (ROE)
  • -5.33%Retained earnings to average equity (YTD only)
  • 0.71%Net charge-offs to loans
  • 181.14%Credit loss provision to net charge-offs
  • 2.79%Efficiency ratio
  • 67,045Assets per employee
  • 4.95%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 264.29%Loss allowance to loans
  • 1.89%Loss allowance to noncurrent loans
  • 78.27%Noncurrent assets plus other real estate owned to assets
  • 2.48%Noncurrent loans to loans
  • 2.41%Net loans and leases to deposits
  • 93.55%Net loans and leases to core deposits
  • 106.94%Equity capital to assets
  • 10.97%Core capital (leverage) ratio
  • 10.04%Tier 1 risk-based capital ratio
  • 13.50%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $680,329Average earning assets
  • $69,603Average equity
  • $637,074Average 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
  • $266,104Managed Assets
  • 1Number of Accounts
  • $232,439Personal trust and agency accounts
  • $49,141Employee benefit-defined contribution accounts
  • $13,643Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $58,313Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $83,329Other fiduciary accounts
  • $28,013Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 785Number of Accounts
  • $0Personal trust and agency accounts
  • $58,313Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $33,665Other retirement accounts
  • $0Corporate trust and agency accounts
  • $24,888Other fiduciary accounts
  • $6,222Fiduciary accounts held in foreign offices

List of branches

  • 12 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0433860Two Rivers Bank & Trust222 North Main Street, Burlington, IA 52601May 02, 2005Full Service Brick and Mortar
    24401124500 Merle Hay Road Branch4500 Merle Hay Road, Des Moines, IA 50310May 02, 2005Full Service Brick and Mortar
    44784554320 Westown Parkway Branch4320 Westown Parkway Ste 100, West Des Moines, IA 50266May 02, 2008Full Service Brick and Mortar
    6225521Burlington BranchRoosevelt & West Avenue, Burlington, IA 52601December 17, 1960Full Service Brick and Mortar
    8225523West Burlington Branch1066 South Gear Avenue, W. Burlington, IA 52601January 20, 1998Full Service Brick and Mortar
    957142Mediapolis Southeast Security Branch105 Main Street, Mediapolis, IA 52637December 04, 1996Full Service Brick and Mortar
    1078841Henry County Bank Branch503 West Main Street, New London, IA 52645December 01, 1999Full Service Brick and Mortar
    11290914Mount Pleasant Branch100 West Washington Street, Mount Pleasant, IA 52641December 01, 1999Full Service Brick and Mortar
    13493878Two Rivers Bank And Trust Branch4500 Westown Parkway, West Des Moines, IA 50266July 01, 2009Full Service Brick and Mortar
    14510330Ankeny Branch802 Se Oralabor Road, Suite 126, Ankeny, IA 50021July 12, 2010Full Service Brick and Mortar
    15445484Coralville Branch805 22nd Avenue, Coralville, IA 52241August 15, 2005Full Service Brick and Mortar
    16470089Iowa City Branch551 Westbury Road, Iowa City, IA 52245November 13, 2007Full Service Brick and Mortar

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