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

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

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with White State Bank.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents