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


Waukon State Bank - Overview

  • General
  • FDIC Certificate #: 1857
    Status: Active
    Federal Reserve ID: 436542
    Bank Holding Company (Regulatory Top Holder): Wfc, Inc. (RSSDID: 1142783, Location: Waukon, IA)
    Date Established: January 01, 1871
    WWW: http://www.waukonstatebank.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 4 (Domestic: 2, Interstate: No)
    FDIC's unique #: 1236
    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: Yes
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: January 01, 2012
    Last Structure Change Process Date: January 19, 2012
    Last Data Update: January 19, 2012
    Data Source Date: April 05, 2012
  • Location
  • Address: 22 West Main Street, Waukon, IA 52172
    County: Allamakee
    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
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $119.8 mil
    Equity capital: $14.9 mil
    Deposits held in domestic offices: $102.7 mil
    Return on assets (ROA): 2.10% ($2.5 mil)
    Quarterly return on assets: 2.55% ($3.1 mil)
    Return on Equity (ROE): 17.50% ($2.6 mil)
    Quarterly return on equity: 20.32% ($3.0 mil)
    Net income: $2.4 mil
    Quarterly Net income: $0.7 mil
    Pretax return on assets: 2.19% ($2,623.6 mil)
    Quarterly Pretax return on assets: 2.62% ($3,138.7 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
  • 23Total employees (full-time equivalent)
  • $119,798Total assets
  • $13,816Cash and due from depository institutions
  • $11,831Interest-bearing balances
  • $19,176Securities
  • $4,000Federal funds sold & reverse repurchase agreements
  • $80,328Net loans & leases
  • $1,099Loan loss allowance
  • $0Trading account assets
  • $405Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $119,798Life insurance assets
  • $2,073All other assets
  • $104,881Total liabilities and capital
  • $102,728Total liabilities
  • $79,866Total deposits
  • $102,728Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $1,000Trading liabilities
  • $0Other borrowed funds
  • $1,153Subordinated debt
  • $14,917All other liabilities
  • $14,917Total equity capital
  • $14,917Total bank equity capital
  • $0Perpetual preferred stock
  • $350Common stock
  • $3,400Surplus
  • $11,167Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $97Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $997Income earned, not collected on loans
  • $0Earning assets
  • $811Long-term assets (5+ years)
  • $115,335Average Assets, year-to-date
  • $20,540Average Assets, quarterly
  • $115,322Volatile liabilities
  • $116,755Insider loans
  • $88,644FHLB advances
  • $115,704Loans and leases held for sale
  • $665Unused loan commitments
  • $665Tier 1 (core) risk-based capital
  • $14,186Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $13,229Restructured Loans and leases
  • $2,086Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,528Total interest income
  • $1,018Total interest expense
  • $4,510Net interest income
  • $150Provision for loan and lease losses
  • $818Total noninterest income
  • $34Fiduciary activities
  • $216Service charges on deposit accounts
  • $0Trading account gains & fees
  • $568Additional noninterest income
  • $2,649Total noninterest expense
  • $1,689Salaries and employee benefits
  • $200Premises and equipment expense
  • $760Additional noninterest expense
  • $2,529Pre-tax net operating income
  • $0Securities gains (losses)
  • $111Applicable income taxes
  • $2,418Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,418Net income attributable to bank
  • $0Net charge-offs
  • $2,418Cash dividends
  • $217Sale, conversion, retirement of capital stock, net
  • $1,163Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.01%Yield on earning assets
  • 0.92%Cost of funding earning assets
  • 4.09%Net interest margin
  • 0.74%Noninterest income to earning assets
  • 2.40%Noninterest expense to earning assets
  • 2.10%Net operating income to assets
  • 2.10%Return on assets (ROA)
  • 2.19%Pretax return on assets
  • 17.50%Return on equity (ROE)
  • 9.08%Retained earnings to average equity (YTD only)
  • 0.26%Net charge-offs to loans
  • 69.12%Credit loss provision to net charge-offs
  • 12.35%Efficiency ratio
  • 49,718Assets per employee
  • 5.21%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 48.10%Loss allowance to loans
  • 1.35%Loss allowance to noncurrent loans
  • 110.23%Noncurrent assets plus other real estate owned to assets
  • 1.79%Noncurrent loans to loans
  • 1.22%Net loans and leases to deposits
  • 78.19%Net loans and leases to core deposits
  • 80.84%Equity capital to assets
  • 12.45%Core capital (leverage) ratio
  • 12.26%Tier 1 risk-based capital ratio
  • 16.00%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $115,322Average earning assets
  • $13,817Average equity
  • $110,251Average 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
  • $344Managed Assets
  • 1Number of Accounts
  • $344Personal trust and agency accounts
  • $344Employee 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
  • 1Number 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

  • 4 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    01236Waukon State Bank22 West Main Street, Waukon, IA 52172January 01, 1871Full Service Brick and Mortar
    1190231Parking Lot Branch301 Rossville Road, Waukon, IA 52172June 05, 1970Full Service Brick and Mortar
    256278Decorah Branch321 West Water Street, Decorah, IA 52101Febuary 20, 1996Full Service Brick and Mortar
    3480419Viking State Bank & Trust Brach Bran1801 Old Stage Road, Decorah, IA 52101June 30, 2008Full Service Brick and Mortar

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