White State Bank in South English, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches


White State Bank - Overview

  • General
  • FDIC Certificate #: 8519
    Status: Active
    Federal Reserve ID: 359744
    Bank Holding Company (Regulatory Top Holder): Country Bancorporation (RSSDID: 1203910, Location: Crawfordsville, IA)
    Date Established: January 01, 1908
    WWW: http://www.whitestatebank.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 5428
    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: 209 Ives Street, South English, IA 52335
    County: Keokuk
    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: $32.2 mil
    Equity capital: $5.0 mil
    Deposits held in domestic offices: $27.0 mil
    Return on assets (ROA): 1.51% ($0.5 mil)
    Quarterly return on assets: 1.69% ($0.5 mil)
    Return on Equity (ROE): 9.77% ($0.5 mil)
    Quarterly return on equity: 11.15% ($0.6 mil)
    Net income: $0.5 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 2.22% ($715.8 mil)
    Quarterly Pretax return on assets: 2.49% ($802.9 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
  • 5Total employees (full-time equivalent)
  • $32,244Total assets
  • $3,092Cash and due from depository institutions
  • $2,700Interest-bearing balances
  • $10,760Securities
  • $65Federal funds sold & reverse repurchase agreements
  • $16,813Net loans & leases
  • $245Loan loss allowance
  • $0Trading account assets
  • $121Bank premises and fixed assets
  • $0Other real estate owned
  • $1,031Goodwill and other intangibles
  • $32,244Life insurance assets
  • $362All other assets
  • $27,233Total liabilities and capital
  • $27,039Total liabilities
  • $22,404Total deposits
  • $27,039Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $194Subordinated debt
  • $5,011All other liabilities
  • $5,011Total equity capital
  • $5,011Total bank equity capital
  • $0Perpetual preferred stock
  • $200Common stock
  • $3,321Surplus
  • $1,490Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2Income earned, not collected on loans
  • $0Earning assets
  • $301Long-term assets (5+ years)
  • $30,338Average Assets, year-to-date
  • $9,920Average Assets, quarterly
  • $31,129Volatile liabilities
  • $32,622Insider loans
  • $18,978FHLB advances
  • $31,606Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $3,805Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $866Restructured Loans and leases
  • $36Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,406Total interest income
  • $307Total interest expense
  • $1,099Net interest income
  • $0Provision for loan and lease losses
  • $120Total noninterest income
  • $0Fiduciary activities
  • $100Service charges on deposit accounts
  • $0Trading account gains & fees
  • $20Additional noninterest income
  • $528Total noninterest expense
  • $318Salaries and employee benefits
  • $46Premises and equipment expense
  • $164Additional noninterest expense
  • $691Pre-tax net operating income
  • $1Securities gains (losses)
  • $223Applicable income taxes
  • $469Income before extraordinary items
  • $0Extraordinary gains - net
  • $469Net income attributable to bank
  • $0Net charge-offs
  • $469Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $200Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.82%Yield on earning assets
  • 1.05%Cost of funding earning assets
  • 3.77%Net interest margin
  • 0.41%Noninterest income to earning assets
  • 1.81%Noninterest expense to earning assets
  • 1.50%Net operating income to assets
  • 1.51%Return on assets (ROA)
  • 2.22%Pretax return on assets
  • 9.77%Return on equity (ROE)
  • 5.60%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 41,017Assets per employee
  • 6.45%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 42.64%Loss allowance to loans
  • 1.44%Loss allowance to noncurrent loans
  • 12250.00%Noncurrent assets plus other real estate owned to assets
  • 0.01%Noncurrent loans to loans
  • 0.01%Net loans and leases to deposits
  • 62.18%Net loans and leases to core deposits
  • 63.98%Equity capital to assets
  • 15.54%Core capital (leverage) ratio
  • 12.04%Tier 1 risk-based capital ratio
  • 20.05%Total risk-based capital ratio
  • Memoranda
  • $21Average assets
  • $31,129Average earning assets
  • $4,801Average equity
  • $29,148Average loans

List of branches

  • 1 Iowa Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    05428White State Bank209 Ives Street, South English, IA 52335January 01, 1908Full Service Brick and Mortar

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