Union State Bank in Greenfield, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Union State Bank - Overview

  • General
  • FDIC Certificate #: 8499
    Status: Active
    Federal Reserve ID: 746942
    Bank Holding Company (Regulatory Top Holder): Greenfield Bancorporation, Ltd (RSSDID: 3640407, Location: Greenfield, IA)
    Date Established: January 06, 1890
    WWW: http://www.usbgfd.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 5411
    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: 214 South First Street, Greenfield, IA 50849
    County: Adair
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Des Moines
    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: $65.4 mil
    Equity capital: $10.3 mil
    Deposits held in domestic offices: $52.7 mil
    Return on assets (ROA): 1.47% ($1.0 mil)
    Quarterly return on assets: 1.83% ($1.2 mil)
    Return on Equity (ROE): 9.22% ($0.9 mil)
    Quarterly return on equity: 11.38% ($1.1 mil)
    Net income: $0.9 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 1.55% ($1,013.1 mil)
    Quarterly Pretax return on assets: 1.92% ($1,255.0 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
  • 12Total employees (full-time equivalent)
  • $65,362Total assets
  • $4,158Cash and due from depository institutions
  • $1,084Interest-bearing balances
  • $17,173Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $37,128Net loans & leases
  • $434Loan loss allowance
  • $0Trading account assets
  • $453Bank premises and fixed assets
  • $144Other real estate owned
  • $5,141Goodwill and other intangibles
  • $65,362Life insurance assets
  • $1,165All other assets
  • $55,082Total liabilities and capital
  • $52,739Total liabilities
  • $48,445Total deposits
  • $52,739Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $2,142Trading liabilities
  • $0Other borrowed funds
  • $201Subordinated debt
  • $10,280All other liabilities
  • $10,280Total equity capital
  • $10,280Total bank equity capital
  • $0Perpetual preferred stock
  • $112Common stock
  • $8,938Surplus
  • $1,230Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $520Income earned, not collected on loans
  • $0Earning assets
  • $832Long-term assets (5+ years)
  • $55,385Average Assets, year-to-date
  • $16,935Average Assets, quarterly
  • $62,425Volatile liabilities
  • $63,607Insider loans
  • $39,602FHLB advances
  • $59,156Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $4,785Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $4,983Restructured Loans and leases
  • $197Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,979Total interest income
  • $662Total interest expense
  • $2,317Net interest income
  • $259Provision for loan and lease losses
  • $177Total noninterest income
  • $0Fiduciary activities
  • $135Service charges on deposit accounts
  • $0Trading account gains & fees
  • $42Additional noninterest income
  • $1,278Total noninterest expense
  • $712Salaries and employee benefits
  • $103Premises and equipment expense
  • $463Additional noninterest expense
  • $957Pre-tax net operating income
  • $10Securities gains (losses)
  • $51Applicable income taxes
  • $916Income before extraordinary items
  • $0Extraordinary gains - net
  • $916Net income attributable to bank
  • $0Net charge-offs
  • $916Cash dividends
  • $128Sale, conversion, retirement of capital stock, net
  • $702Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.51%Yield on earning assets
  • 1.23%Cost of funding earning assets
  • 4.29%Net interest margin
  • 0.33%Noninterest income to earning assets
  • 2.37%Noninterest expense to earning assets
  • 1.45%Net operating income to assets
  • 1.47%Return on assets (ROA)
  • 1.55%Pretax return on assets
  • 9.22%Return on equity (ROE)
  • 2.16%Retained earnings to average equity (YTD only)
  • 0.35%Net charge-offs to loans
  • 202.34%Credit loss provision to net charge-offs
  • 9.50%Efficiency ratio
  • 48,757Assets per employee
  • 5.45%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 76.64%Loss allowance to loans
  • 1.16%Loss allowance to noncurrent loans
  • 83.46%Noncurrent assets plus other real estate owned to assets
  • 1.02%Noncurrent loans to loans
  • 1.38%Net loans and leases to deposits
  • 70.40%Net loans and leases to core deposits
  • 72.28%Equity capital to assets
  • 15.73%Core capital (leverage) ratio
  • 8.09%Tier 1 risk-based capital ratio
  • 12.08%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $62,425Average earning assets
  • $9,930Average equity
  • $54,029Average loans

List of branches

  • 2 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    05411Union State Bank214 South First Street, Greenfield, IA 50849January 06, 1890Full Service Brick and Mortar
    1218612Bridgewater Branch211 Main Street, Bridgewater, IA 50837January 21, 1980Full Service Brick and Mortar

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