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


Westside State Bank - Overview

  • General
  • FDIC Certificate #: 18518
    Status: Active
    Federal Reserve ID: 972143
    Bank Holding Company (Regulatory Top Holder): Halbur Bancshares, Inc. (RSSDID: 1209024, Location: Halbur, IA)
    Date Established: June 01, 1907
    WWW: http://www.wsbankonline.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    FDIC's unique #: 12410
    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: Yes
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: May 03, 1962
    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: 401 First Street, Westside, IA 51467
    County: Crawford
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Sioux City
    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: $69.5 mil
    Equity capital: $7.1 mil
    Deposits held in domestic offices: $58.1 mil
    Return on assets (ROA): 2.04% ($1.4 mil)
    Quarterly return on assets: 1.45% ($1.0 mil)
    Return on Equity (ROE): 21.61% ($1.5 mil)
    Quarterly return on equity: 14.43% ($1.0 mil)
    Net income: $1.4 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 2.15% ($1,494.0 mil)
    Quarterly Pretax return on assets: 1.50% ($1,042.3 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
  • 16Total employees (full-time equivalent)
  • $69,488Total assets
  • $2,353Cash and due from depository institutions
  • $690Interest-bearing balances
  • $5,966Securities
  • $3,788Federal funds sold & reverse repurchase agreements
  • $52,900Net loans & leases
  • $600Loan loss allowance
  • $0Trading account assets
  • $2,531Bank premises and fixed assets
  • $0Other real estate owned
  • $766Goodwill and other intangibles
  • $69,488Life insurance assets
  • $1,184All other assets
  • $62,411Total liabilities and capital
  • $58,080Total liabilities
  • $47,699Total deposits
  • $58,080Interest-bearing deposits
  • $88Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $4,114Trading liabilities
  • $0Other borrowed funds
  • $217Subordinated debt
  • $7,077All other liabilities
  • $7,077Total equity capital
  • $7,077Total bank equity capital
  • $0Perpetual preferred stock
  • $120Common stock
  • $2,884Surplus
  • $4,073Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $252Income earned, not collected on loans
  • $0Earning assets
  • $654Long-term assets (5+ years)
  • $63,344Average Assets, year-to-date
  • $23,298Average Assets, quarterly
  • $69,268Volatile liabilities
  • $69,368Insider loans
  • $51,141FHLB advances
  • $70,293Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $6,096Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $11,970Restructured Loans and leases
  • $820Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,189Total interest income
  • $453Total interest expense
  • $2,736Net interest income
  • $60Provision for loan and lease losses
  • $209Total noninterest income
  • $0Fiduciary activities
  • $173Service charges on deposit accounts
  • $0Trading account gains & fees
  • $36Additional noninterest income
  • $1,855Total noninterest expense
  • $1,000Salaries and employee benefits
  • $310Premises and equipment expense
  • $545Additional noninterest expense
  • $1,030Pre-tax net operating income
  • $456Securities gains (losses)
  • $72Applicable income taxes
  • $1,414Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,414Net income attributable to bank
  • $0Net charge-offs
  • $1,414Cash dividends
  • $6Sale, conversion, retirement of capital stock, net
  • $800Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.09%Yield on earning assets
  • 0.72%Cost of funding earning assets
  • 4.37%Net interest margin
  • 0.33%Noninterest income to earning assets
  • 2.96%Noninterest expense to earning assets
  • 1.42%Net operating income to assets
  • 2.04%Return on assets (ROA)
  • 2.15%Pretax return on assets
  • 21.61%Return on equity (ROE)
  • 9.38%Retained earnings to average equity (YTD only)
  • 0.01%Net charge-offs to loans
  • 1000.00%Credit loss provision to net charge-offs
  • 181.67%Efficiency ratio
  • 62,988Assets per employee
  • 4.34%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 56.58%Loss allowance to loans
  • 1.12%Loss allowance to noncurrent loans
  • 238.10%Noncurrent assets plus other real estate owned to assets
  • 0.36%Noncurrent loans to loans
  • 0.47%Net loans and leases to deposits
  • 91.08%Net loans and leases to core deposits
  • 98.95%Equity capital to assets
  • 10.18%Core capital (leverage) ratio
  • 8.67%Tier 1 risk-based capital ratio
  • 11.92%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $69,268Average earning assets
  • $6,543Average equity
  • $62,610Average loans

List of branches

  • 4 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    012410Westside State Bank401 First Street, Westside, IA 51467June 01, 1907Full Service Brick and Mortar
    1191Halbur Branch103 North Main Street, Halbur, IA 51444July 18, 1923Full Service Brick and Mortar
    2181388Vail BranchMain Street, Vail, IA 51465July 16, 1962Full Service Brick and Mortar
    3428063Wall Lake Branch202 West First Street, Wall Lake, IA 51466April 26, 2004Full Service Brick and Mortar

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