West Iowa Bank in West Bend, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • West Iowa Bank in West Bend, Iowa (IA)
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West Iowa Bank - Overview

  • General
  • FDIC Certificate #: 9105
    Status: Active
    Federal Reserve ID: 137643
    Bank Holding Company (Regulatory Top Holder): West Bend Bancorp. (RSSDID: 1916760, Location: West Bend, IA)
    Date Established: January 01, 1926
    WWW: http://www.westiowabank.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    OTS Docket #: 15822
    FDIC's unique #: 5831
    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: 319 S Broadway Ave, West Bend, IA 50597
    County: Palo Alto
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Des Moines
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
  • History of Changes
  • Change in Location
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $94.7 mil
    Equity capital: $10.2 mil
    Deposits held in domestic offices: $81.4 mil
    Return on assets (ROA): 1.44% ($1.4 mil)
    Quarterly return on assets: 1.27% ($1.2 mil)
    Return on Equity (ROE): 13.22% ($1.3 mil)
    Quarterly return on equity: 11.52% ($1.2 mil)
    Net income: $1.3 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 2.09% ($1,979.8 mil)
    Quarterly Pretax return on assets: 1.84% ($1,743.0 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
  • 17Total employees (full-time equivalent)
  • $94,729Total assets
  • $2,425Cash and due from depository institutions
  • $240Interest-bearing balances
  • $27,697Securities
  • $356Federal funds sold & reverse repurchase agreements
  • $60,966Net loans & leases
  • $864Loan loss allowance
  • $0Trading account assets
  • $227Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $94,729Life insurance assets
  • $3,058All other assets
  • $84,518Total liabilities and capital
  • $81,385Total liabilities
  • $67,458Total deposits
  • $81,385Interest-bearing deposits
  • $88Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $2,359Trading liabilities
  • $0Other borrowed funds
  • $774Subordinated debt
  • $10,211All other liabilities
  • $10,211Total equity capital
  • $10,211Total bank equity capital
  • $0Perpetual preferred stock
  • $600Common stock
  • $1,775Surplus
  • $7,836Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $722Income earned, not collected on loans
  • $0Earning assets
  • $1,126Long-term assets (5+ years)
  • $89,259Average Assets, year-to-date
  • $37,396Average Assets, quarterly
  • $91,313Volatile liabilities
  • $94,119Insider loans
  • $76,694FHLB advances
  • $96,478Loans and leases held for sale
  • $1,388Unused loan commitments
  • $1,388Tier 1 (core) risk-based capital
  • $9,505Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $16,144Restructured Loans and leases
  • $80Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,443Total interest income
  • $993Total interest expense
  • $3,450Net interest income
  • $112Provision for loan and lease losses
  • $240Total noninterest income
  • $2Fiduciary activities
  • $139Service charges on deposit accounts
  • $0Trading account gains & fees
  • $99Additional noninterest income
  • $1,776Total noninterest expense
  • $880Salaries and employee benefits
  • $181Premises and equipment expense
  • $715Additional noninterest expense
  • $1,802Pre-tax net operating income
  • $107Securities gains (losses)
  • $598Applicable income taxes
  • $1,311Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,311Net income attributable to bank
  • $0Net charge-offs
  • $1,311Cash dividends
  • $57Sale, conversion, retirement of capital stock, net
  • $797Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.15%Yield on earning assets
  • 1.15%Cost of funding earning assets
  • 4.00%Net interest margin
  • 0.28%Noninterest income to earning assets
  • 2.06%Noninterest expense to earning assets
  • 1.35%Net operating income to assets
  • 1.44%Return on assets (ROA)
  • 2.09%Pretax return on assets
  • 13.22%Return on equity (ROE)
  • 5.18%Retained earnings to average equity (YTD only)
  • 0.09%Net charge-offs to loans
  • 196.49%Credit loss provision to net charge-offs
  • 33.58%Efficiency ratio
  • 48,130Assets per employee
  • 5.57%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 60.79%Loss allowance to loans
  • 1.40%Loss allowance to noncurrent loans
  • 119.67%Noncurrent assets plus other real estate owned to assets
  • 0.76%Noncurrent loans to loans
  • 1.17%Net loans and leases to deposits
  • 74.91%Net loans and leases to core deposits
  • 79.44%Equity capital to assets
  • 10.78%Core capital (leverage) ratio
  • 9.85%Tier 1 risk-based capital ratio
  • 12.39%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $91,313Average earning assets
  • $9,914Average equity
  • $86,258Average 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
  • $1,045Managed Assets
  • 1Number of Accounts
  • $255Personal trust and agency accounts
  • $255Employee 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
  • 5Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $790Other retirement accounts
  • $0Corporate trust and agency accounts
  • $789Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 4 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    05831West Iowa Bank319 S Broadway Ave, West Bend, IA 50597January 01, 1926Full Service Brick and Mortar
    2231745Fenton BranchMaple Street, Fenton, IA 50539July 01, 1936Full Service Brick and Mortar
    310763Bode Branch104 Humboldt Avenue, Bode, IA 50519September 15, 1947Full Service Brick and Mortar
    4426539Algona Branch418 East Call Street, Algona, IA 50511December 29, 2003Full Service Brick and Mortar

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