First State Bank
Tabor, IA — Domestic Branch of a Domestic Bank
Acquired Jul 2009
Vitals
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Total Assets26.1M 7.5 %
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Total Deposits23.6M 7.5 %
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Total Net Loans12.1M -6.3 %
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Net Income86000.0000 473.3 %
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Book Value2.3M 7.1 %
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Book Value x24.7M 7.1 %
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Book Value x37.0M 7.1 %
Balance Sheet Highlights
Financial Highlights | First State Bank | All Insured Commercial Banks in Iowa |
Balance Sheet $(000) | ||
Total Assets | 26,103 | 119,911 |
Total Net Loans | 12,108 | 80,094 |
Total Deposits | 23,581 | 97,315 |
Total Equity | 2,340 | 12,194 |
Profitability | ||
Net Income | 86 | 802 |
Return on Average Assets | .795 | 1.136 |
Return on Average Equity | 7.349 | 10.818 |
Net Interest Margin | 3.484 | 3.787 |
Efficiency Ratio | 72.588 | 63.179 |
Noninterest Income/Revenue | 14.384 | 11.866 |
Balance Sheet Ratios | ||
Loan-to-Deposit | 51.346 | 78.177 |
Securities/Assets | .048 | .346 |
Total Equity/Total Assets | .09 | .102 |
Tangible Equity/Tangible Assets | .09 | .071 |
Capital Adequacy | ||
Tier 1 Common Capital | — | — |
Tier 1 Capital | 2,349 | 11,403 |
Tier 2 Capital | 175 | 963 |
Total Capital | 2,524 | 12,355 |
Total Risk Weighted Assets | 14,003 | 88,056 |
Leverage Ratio | 10.9 | 9.815 |
Common Equity Tier 1 Capital Ratio | — | — |
Tier 1 Capital Ratio | 16.77 | 14.21 |
Total Capital Ratio | 18.02 | 15.28 |
Timeline for First State Bank
Glenwood State Bank
First State Bank was acquired by Glenwood State Bank 15 years
View Profile Jul 01 2009Tabor Enterprises, Inc.
Tabor Enterprises, Inc. became a new parent organization for First State Bank.
View Profile Oct 18 1983First State Bank
First State Bank was established 98 years ago and is currently headquartered in Tabor, IA.
Dec 18 1925Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
Glenwood State Bank | Buyer | 180,850 | Pooling of Interests | Discontinued | 7/1/2009 |
Relationships | Role | Relationship Start | Relationship End |
Tabor Enterprises, Inc. | Parent | 2/11/1997 | 6/30/2009 |
Tabor Enterprises, Inc. | Parent | 12/31/1984 | 2/10/1997 |
Tabor Enterprises, Inc. | Parent | 10/18/1983 | 12/30/1984 |
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