West Iowa Bank in city_name, state_name - Detailed Financial Reports, Location

West Iowa Bank in West Bend, Iowa (IA)
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West Iowa Bank routing number info

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

No	ID	Name	Address	Established	Service Type
0	5831	West Iowa Bank	319 S Broadway Ave, West Bend, IA 50597	January 01, 1926	Full Service Brick and Mortar
2	231745	Fenton Branch	Maple Street, Fenton, IA 50539	July 01, 1936	Full Service Brick and Mortar
3	10763	Bode Branch	104 Humboldt Avenue, Bode, IA 50519	September 15, 1947	Full Service Brick and Mortar
4	426539	Algona Branch	418 East Call Street, Algona, IA 50511	December 29, 2003	Full Service Brick and Mortar

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

West Iowa Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Total Fiduciary and Related Assets (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

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

West Iowa Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Total Fiduciary and Related Assets (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

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