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


Washington State Bank - Overview

  • General
  • FDIC Certificate #: 214
    Status: Active
    Federal Reserve ID: 433943
    Bank Holding Company (Regulatory Top Holder): W.S.b., Inc. (RSSDID: 1207468, Location: Washington, IA)
    Date Established: April 18, 1932
    WWW: http://www.washsb.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 10977
    FDIC's unique #: 169
    Numeric code: 13
    Regulator: FED
    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: 121 S Marion Ave, Washington, IA 52353
    County: Washington
    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): Iowa City, IA (#26980)
    CBSA Metro Statistical Area: Iowa City, IA (#26980)
  • History of Changes
  • Change in Location
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $227.0 mil
    Equity capital: $30.1 mil
    Deposits held in domestic offices: $188.8 mil
    Return on assets (ROA): 1.23% ($2.8 mil)
    Quarterly return on assets: 0.77% ($1.7 mil)
    Return on Equity (ROE): 9.09% ($2.7 mil)
    Quarterly return on equity: 5.69% ($1.7 mil)
    Net income: $2.7 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 1.77% ($4,018.1 mil)
    Quarterly Pretax return on assets: 1.04% ($2,360.9 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
  • 31Total employees (full-time equivalent)
  • $227,009Total assets
  • $23,918Cash and due from depository institutions
  • $14,296Interest-bearing balances
  • $63,263Securities
  • $662Federal funds sold & reverse repurchase agreements
  • $130,876Net loans & leases
  • $3,362Loan loss allowance
  • $0Trading account assets
  • $1,899Bank premises and fixed assets
  • $270Other real estate owned
  • $0Goodwill and other intangibles
  • $227,009Life insurance assets
  • $6,121All other assets
  • $196,910Total liabilities and capital
  • $188,799Total liabilities
  • $180,811Total deposits
  • $188,799Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 2270.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $4,449Trading liabilities
  • $0Other borrowed funds
  • $1,392Subordinated debt
  • $30,099All other liabilities
  • $30,099Total equity capital
  • $30,099Total bank equity capital
  • $0Perpetual preferred stock
  • $800Common stock
  • $800Surplus
  • $28,499Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,034Income earned, not collected on loans
  • $0Earning assets
  • $1,580Long-term assets (5+ years)
  • $209,097Average Assets, year-to-date
  • $39,649Average Assets, quarterly
  • $220,712Volatile liabilities
  • $225,363Insider loans
  • $129,644FHLB advances
  • $223,508Loans and leases held for sale
  • $2,759Unused loan commitments
  • $2,759Tier 1 (core) risk-based capital
  • $29,028Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $26,581Restructured Loans and leases
  • $2,461Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $9,793Total interest income
  • $2,519Total interest expense
  • $7,274Net interest income
  • $550Provision for loan and lease losses
  • $845Total noninterest income
  • $209Fiduciary activities
  • $272Service charges on deposit accounts
  • $0Trading account gains & fees
  • $364Additional noninterest income
  • $3,804Total noninterest expense
  • $2,190Salaries and employee benefits
  • $524Premises and equipment expense
  • $1,090Additional noninterest expense
  • $3,765Pre-tax net operating income
  • $137Securities gains (losses)
  • $1,186Applicable income taxes
  • $2,716Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,716Net income attributable to bank
  • $0Net charge-offs
  • $2,716Cash dividends
  • $322Sale, conversion, retirement of capital stock, net
  • $1,506Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.75%Yield on earning assets
  • 1.22%Cost of funding earning assets
  • 3.53%Net interest margin
  • 0.41%Noninterest income to earning assets
  • 1.85%Noninterest expense to earning assets
  • 1.19%Net operating income to assets
  • 1.23%Return on assets (ROA)
  • 1.77%Pretax return on assets
  • 9.09%Return on equity (ROE)
  • 4.05%Retained earnings to average equity (YTD only)
  • 0.24%Net charge-offs to loans
  • 170.81%Credit loss provision to net charge-offs
  • 13.40%Efficiency ratio
  • 46,853Assets per employee
  • 7.32%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 55.45%Loss allowance to loans
  • 2.50%Loss allowance to noncurrent loans
  • 325.15%Noncurrent assets plus other real estate owned to assets
  • 0.57%Noncurrent loans to loans
  • 0.77%Net loans and leases to deposits
  • 69.32%Net loans and leases to core deposits
  • 73.13%Equity capital to assets
  • 13.26%Core capital (leverage) ratio
  • 12.99%Tier 1 risk-based capital ratio
  • 22.39%Total risk-based capital ratio
  • Memoranda
  • $24Average assets
  • $220,712Average earning assets
  • $29,871Average equity
  • $206,086Average 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
  • $61,436Managed Assets
  • 1Number of Accounts
  • $43,277Personal trust and agency accounts
  • $42,954Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $323Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 240Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $18,159Other retirement accounts
  • $8,935Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $654Fiduciary accounts held in foreign offices

List of branches

  • 2 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0169Washington State Bank121 S Marion Ave, Washington, IA 52353April 18, 1932Full Service Brick and Mortar
    1181367Parking Lot Branch303 West Washington Street, Washington, IA 52353September 18, 1963Full Service Brick and Mortar

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