West Chester Savings Bank in Washington, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

West Chester Savings Bank - Overview

  • General
  • FDIC Certificate #: 10131
    Status: Active
    Federal Reserve ID: 440446
    Bank Holding Company (Regulatory Top Holder): Central Bancshares, Inc. (RSSDID: 1203899, Location: Muscatine, IA)
    Date Established: June 16, 1900
    WWW: http://www.wcsbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 1 (Domestic: 1, Interstate: No)
    OTS Docket #: 15465
    FDIC's unique #: 6483
    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: 1060 West Monroe Street, 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
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $50.3 mil
    Equity capital: $4.9 mil
    Deposits held in domestic offices: $41.8 mil
    Return on assets (ROA): 0.46% ($0.2 mil)
    Quarterly return on assets: 0.54% ($0.3 mil)
    Return on Equity (ROE): 4.89% ($0.2 mil)
    Quarterly return on equity: 5.51% ($0.3 mil)
    Net income: $0.2 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.49% ($246.4 mil)
    Quarterly Pretax return on assets: 0.50% ($251.4 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
  • 13Total employees (full-time equivalent)
  • $50,278Total assets
  • $1,236Cash and due from depository institutions
  • $57Interest-bearing balances
  • $18,293Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $27,563Net loans & leases
  • $899Loan loss allowance
  • $0Trading account assets
  • $1,321Bank premises and fixed assets
  • $301Other real estate owned
  • $303Goodwill and other intangibles
  • $50,278Life insurance assets
  • $1,261All other assets
  • $45,386Total liabilities and capital
  • $41,832Total liabilities
  • $34,702Total deposits
  • $41,832Interest-bearing deposits
  • $98Deposits held in domestic offices
  • 624.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $2,500Trading liabilities
  • $0Other borrowed funds
  • $430Subordinated debt
  • $4,892All other liabilities
  • $4,892Total equity capital
  • $4,892Total bank equity capital
  • $0Perpetual preferred stock
  • $150Common stock
  • $1,630Surplus
  • $3,112Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $389Income earned, not collected on loans
  • $115Earning assets
  • $375Long-term assets (5+ years)
  • $45,913Average Assets, year-to-date
  • $14,055Average Assets, quarterly
  • $49,651Volatile liabilities
  • $49,954Insider loans
  • $31,821FHLB advances
  • $49,952Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $4,392Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $4,804Restructured Loans and leases
  • $436Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,274Total interest income
  • $551Total interest expense
  • $1,723Net interest income
  • $150Provision for loan and lease losses
  • $383Total noninterest income
  • $0Fiduciary activities
  • $229Service charges on deposit accounts
  • $0Trading account gains & fees
  • $154Additional noninterest income
  • $1,715Total noninterest expense
  • $766Salaries and employee benefits
  • $181Premises and equipment expense
  • $768Additional noninterest expense
  • $241Pre-tax net operating income
  • $0Securities gains (losses)
  • $12Applicable income taxes
  • $229Income before extraordinary items
  • $0Extraordinary gains - net
  • $229Net income attributable to bank
  • $0Net charge-offs
  • $229Cash dividends
  • $65Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.98%Yield on earning assets
  • 1.21%Cost of funding earning assets
  • 3.77%Net interest margin
  • 0.84%Noninterest income to earning assets
  • 3.76%Noninterest expense to earning assets
  • 0.46%Net operating income to assets
  • 0.46%Return on assets (ROA)
  • 0.49%Pretax return on assets
  • 4.89%Return on equity (ROE)
  • 4.89%Retained earnings to average equity (YTD only)
  • 0.22%Net charge-offs to loans
  • 230.77%Credit loss provision to net charge-offs
  • 6.02%Efficiency ratio
  • 81,434Assets per employee
  • 3.87%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.16%Loss allowance to noncurrent loans
  • 231.11%Noncurrent assets plus other real estate owned to assets
  • 1.37%Noncurrent loans to loans
  • 1.37%Net loans and leases to deposits
  • 65.89%Net loans and leases to core deposits
  • 68.38%Equity capital to assets
  • 9.73%Core capital (leverage) ratio
  • 8.79%Tier 1 risk-based capital ratio
  • 13.80%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $49,651Average earning assets
  • $4,687Average equity
  • $45,669Average loans

List of branches

  • 1 Iowa Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    06483West Chester Savings Bank1060 West Monroe Street, Washington, IA 52353June 16, 1900Full Service Brick and Mortar

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