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


  • Victor State Bank in Victor, Iowa (IA)
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Victor State Bank - Overview

  • General
  • FDIC Certificate #: 12859
    Status: Active
    Federal Reserve ID: 616849
    Bank Holding Company (Regulatory Top Holder): Dentel Bancorporation (RSSDID: 1133615, Location: Victor, IA)
    Date Established: April 11, 1928
    WWW: http://www.victorstatebank.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    OTS Docket #: 15596
    FDIC's unique #: 8140
    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: Yes
    Asset Concentration Hierarchy: All Other Specialization < 1 Billion
    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: 201 Washington Street, Victor, IA 52347
    County: Iowa
    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: $43.5 mil
    Equity capital: $8.4 mil
    Deposits held in domestic offices: $31.8 mil
    Return on assets (ROA): 3.25% ($1.4 mil)
    Quarterly return on assets: 4.27% ($1.8 mil)
    Return on Equity (ROE): 16.52% ($1.3 mil)
    Quarterly return on equity: 21.90% ($1.8 mil)
    Net income: $1.3 mil
    Quarterly Net income: $0.5 mil
    Pretax return on assets: 3.42% ($1,487.4 mil)
    Quarterly Pretax return on assets: 4.41% ($1,918.0 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
  • 5Total employees (full-time equivalent)
  • $43,491Total assets
  • $1,064Cash and due from depository institutions
  • $348Interest-bearing balances
  • $21,797Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $19,290Net loans & leases
  • $125Loan loss allowance
  • $0Trading account assets
  • $44Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $43,491Life insurance assets
  • $1,296All other assets
  • $35,097Total liabilities and capital
  • $31,800Total liabilities
  • $27,805Total deposits
  • $31,800Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 550.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $2,510Trading liabilities
  • $0Other borrowed funds
  • $237Subordinated debt
  • $8,394All other liabilities
  • $8,394Total equity capital
  • $8,394Total bank equity capital
  • $0Perpetual preferred stock
  • $60Common stock
  • $1,690Surplus
  • $6,644Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $6Income earned, not collected on loans
  • $0Earning assets
  • $373Long-term assets (5+ years)
  • $41,435Average Assets, year-to-date
  • $17,306Average Assets, quarterly
  • $40,509Volatile liabilities
  • $42,185Insider loans
  • $26,339FHLB advances
  • $41,007Loans and leases held for sale
  • $755Unused loan commitments
  • $755Tier 1 (core) risk-based capital
  • $8,372Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $65Restructured Loans and leases
  • $183Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,031Total interest income
  • $358Total interest expense
  • $1,673Net interest income
  • $50Provision for loan and lease losses
  • $254Total noninterest income
  • $1Fiduciary activities
  • $47Service charges on deposit accounts
  • $0Trading account gains & fees
  • $206Additional noninterest income
  • $490Total noninterest expense
  • $339Salaries and employee benefits
  • $41Premises and equipment expense
  • $110Additional noninterest expense
  • $1,387Pre-tax net operating income
  • $0Securities gains (losses)
  • $70Applicable income taxes
  • $1,317Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,317Net income attributable to bank
  • $0Net charge-offs
  • $1,317Cash dividends
  • $50Sale, conversion, retirement of capital stock, net
  • $705Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.31%Yield on earning assets
  • 0.94%Cost of funding earning assets
  • 4.37%Net interest margin
  • 0.66%Noninterest income to earning assets
  • 1.28%Noninterest expense to earning assets
  • 3.25%Net operating income to assets
  • 3.25%Return on assets (ROA)
  • 3.42%Pretax return on assets
  • 16.52%Return on equity (ROE)
  • 7.68%Retained earnings to average equity (YTD only)
  • 0.29%Net charge-offs to loans
  • 100.00%Credit loss provision to net charge-offs
  • 28.74%Efficiency ratio
  • 25,428Assets per employee
  • 8.70%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 53.53%Loss allowance to loans
  • 0.64%Loss allowance to noncurrent loans
  • 2083.33%Noncurrent assets plus other real estate owned to assets
  • 0.01%Noncurrent loans to loans
  • 0.03%Net loans and leases to deposits
  • 60.66%Net loans and leases to core deposits
  • 63.90%Equity capital to assets
  • 19.30%Core capital (leverage) ratio
  • 20.42%Tier 1 risk-based capital ratio
  • 31.79%Total risk-based capital ratio
  • Memoranda
  • $32Average assets
  • $40,509Average earning assets
  • $7,971Average equity
  • $38,246Average 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
  • $2,045Managed Assets
  • 1Number of Accounts
  • $2,045Personal trust and agency accounts
  • $2,045Employee 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
  • 2Number 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

  • 1 Iowa Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    08140Victor State Bank201 Washington Street, Victor, IA 52347April 11, 1928Full Service Brick and Mortar

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