Wayland State Bank in Mount Pleasant, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Wayland State Bank - Overview

  • General
  • FDIC Certificate #: 1862
    Status: Active
    Federal Reserve ID: 621245
    Bank Holding Company (Regulatory Top Holder): Heartway Bancorporation (RSSDID: 2166003, Location: Wayland, IA)
    Date Established: May 12, 1932
    WWW: http://www.waylandstbank.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 15709
    FDIC's unique #: 1240
    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: 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: 301 South Main Street, Mount Pleasant, IA 52641
    County: Henry
    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: $77.6 mil
    Equity capital: $13.5 mil
    Deposits held in domestic offices: $62.4 mil
    Return on assets (ROA): 1.39% ($1.1 mil)
    Quarterly return on assets: 1.34% ($1.0 mil)
    Return on Equity (ROE): 7.84% ($1.0 mil)
    Quarterly return on equity: 7.61% ($1.0 mil)
    Net income: $1.0 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 1.88% ($1,459.4 mil)
    Quarterly Pretax return on assets: 1.64% ($1,273.1 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
  • 15Total employees (full-time equivalent)
  • $77,626Total assets
  • $4,023Cash and due from depository institutions
  • $2,029Interest-bearing balances
  • $24,367Securities
  • $5,409Federal funds sold & reverse repurchase agreements
  • $40,526Net loans & leases
  • $765Loan loss allowance
  • $0Trading account assets
  • $427Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $77,627Life insurance assets
  • $2,874All other assets
  • $64,157Total liabilities and capital
  • $62,369Total liabilities
  • $50,024Total deposits
  • $62,369Interest-bearing deposits
  • $98Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $1,000Trading liabilities
  • $0Other borrowed funds
  • $788Subordinated debt
  • $13,470All other liabilities
  • $13,470Total equity capital
  • $13,470Total bank equity capital
  • $0Perpetual preferred stock
  • $300Common stock
  • $700Surplus
  • $12,470Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $423Long-term assets (5+ years)
  • $72,331Average Assets, year-to-date
  • $16,913Average Assets, quarterly
  • $74,214Volatile liabilities
  • $76,439Insider loans
  • $52,115FHLB advances
  • $77,661Loans and leases held for sale
  • $1,900Unused loan commitments
  • $1,900Tier 1 (core) risk-based capital
  • $13,105Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $5,113Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,017Total interest income
  • $528Total interest expense
  • $2,489Net interest income
  • $0Provision for loan and lease losses
  • $347Total noninterest income
  • $1Fiduciary activities
  • $152Service charges on deposit accounts
  • $0Trading account gains & fees
  • $194Additional noninterest income
  • $1,455Total noninterest expense
  • $946Salaries and employee benefits
  • $115Premises and equipment expense
  • $394Additional noninterest expense
  • $1,381Pre-tax net operating income
  • $12Securities gains (losses)
  • $360Applicable income taxes
  • $1,033Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,033Net income attributable to bank
  • $0Net charge-offs
  • $1,033Cash dividends
  • -$13Sale, conversion, retirement of capital stock, net
  • $385Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.37%Yield on earning assets
  • 0.76%Cost of funding earning assets
  • 3.60%Net interest margin
  • 0.50%Noninterest income to earning assets
  • 2.11%Noninterest expense to earning assets
  • 1.38%Net operating income to assets
  • 1.39%Return on assets (ROA)
  • 1.88%Pretax return on assets
  • 7.84%Return on equity (ROE)
  • 4.92%Retained earnings to average equity (YTD only)
  • -0.03%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 51,305Assets per employee
  • 5.18%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 37.27%Loss allowance to loans
  • 1.85%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 64.98%Net loans and leases to core deposits
  • 65.56%Equity capital to assets
  • 17.35%Core capital (leverage) ratio
  • 16.87%Tier 1 risk-based capital ratio
  • 25.15%Total risk-based capital ratio
  • Memoranda
  • $26Average assets
  • $74,214Average earning assets
  • $13,178Average equity
  • $69,088Average 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
  • $931Managed Assets
  • 1Number of Accounts
  • $931Personal trust and agency accounts
  • $931Employee 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
  • 17Number 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

  • 2 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    01240Wayland State Bank301 South Main Street, Mount Pleasant, IA 52641May 12, 1932Full Service Brick and Mortar
    1190233Wayland Branch205 West Main Street, Wayland, IA 52654May 20, 1996Full Service Brick and Mortar

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