Exchange State Bank Reports – 805045

Exchange State Bank Financial Reports

Quater Ended: 2023-12-31

Exchange State Bank is a Commercial bank, state charter, Fed non-member, and supervised by the Federal Deposit Insurance Corporation (FDIC) located in Ames, IA. Established on 01/01/1902, the bank is regulated by the FDIC and has 3 domestic offices. It operates in the Ames, IA.

The bank has 14 employees and holds $132,661k in total assets. With a focus on community banking, the bank has been serving its customers since 01/01/1902.

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Exchange State Bank Institution Profile

Established Date 01/01/1902 Institution Class Commercial bank, state charter, Fed non-member, and supervised by the Federal Deposit Insurance Corporation (FDIC)
Primary Regulator FDIC Number of Domestic Offices 3
Number of Foreign Offices 0 Number of US Offices 0
Number of Employees 14 Directly owned by another bank (CERT) No
Community Bank Yes ZIP 50010
Ownership Type Not Mutual City Ames
State Alpha code IA State and County Number 19169
Subchapter S Corporations Yes Trust Powers N/A
Federal Reserve ID Number 7 Federal Reserve ID Number Description CHICAGO
Office of The Comptroller District: WESTERN DISTRICT Office of Thrift Supervision Region Western
Last Structure Change Effective Date 08/31/2022 Date of Deposit Insurance 01/01/1934
Primary Insurance Agency DIF

Institution Profile Overview

Delve into the foundational details of Exchange State Bank with our “Institution Profile” table. The 01/01/1902 marks the bank’s inception, providing historical context. Categorized as a Commercial bank, state charter, Fed non-member, and supervised by the Federal Deposit Insurance Corporation (FDIC), the bank operates under the oversight of FDIC, ensuring compliance and regulatory adherence.

3 domestic offices reflect the bank’s physical footprint, while insights into ownership type, trust powers, and regulatory affiliations contribute to understanding its operational structure. Details such as Ames, IA, and 50010 provide geographic context. Explore these attributes to gain a holistic view of Exchange State Bank in the financial landscape.

Exchange State Bank Financials

(USD, in thousands)

Total Assets 132,661 Total Liabilities 120,147
Total Equity Capital 12,514 Total Deposits 109,430
Net Loans and Leases 110,512 Total Interest Income 1,557
Total Noninterest Income 17 Total Interest Expense 412
Total Noninterest Expense 491 Tier 1 Risk-Based Capital Ratio 0
Net Loans and Leases to Core Deposits 109 Return on Assets 2
Return on Equity 21 Efficiency Ratio 42

Financial Performance Overview

Gain a comprehensive perspective on Exchange State Bank’s financial landscape through our “Financials” table. The bank boasts total assets of $132,661k, showcasing its substantial scale and influential market presence. A nuanced breakdown reveals insights into the bank’s financial structure and stability, with total liabilities standing at $120,147k and total equity capital at $12,514k.

Delve into key operational metrics, including total deposits of $109,430k, net loans and leases at $111k, and a meticulous analysis of income and expense components. Explore vital ratios such as the Tier 1 Risk-Based Capital Ratio, standing at 0, and Return on Assets at 1.98. These metrics provide valuable insights into the bank’s risk management strategies and overall profitability.

This detailed financial overview is designed to enhance your understanding of Exchange State Bank’s performance and competitive positioning within the financial industry.

Exchange State Bank Additional Financial Information

(USD, in thousands)

Earnings Coverage of Net Loan Charge-Offs(x) 0 Net Loans and Leases to Core Deposits 109
Tier 1 Risk-Based Capital Ratio 0 Securities Gains (Losses) 0
Goodwill and Other Intangibles N/A Cost of Funding Earning Assets 1
Yield on Earning Assets 5 Total Interest Income 1,557
Applicable Income Taxes 22 Loss Allowance to Loans and Leases 1
Net Loans and Leases 110,512 Loss Allowance to Noncurrent Loans and Leases 0
Noncurrent Loans to Loans 0 Net Income Attributable to Bank and Noncontrolling Interests 649
Net Interest Income 1,145 Net Interest Margin 4
Net Operating Income to Assets 2 Noninterest Income to Average Assets 0
Total Noninterest Income 17 Noninterest Expense to Average Assets 2
Total Noninterest Expense 491 Net Charge-Offs to Loans and Leases 0
All Other Assets 2,421 Other Real Estate Owned 0
Other borrowed funds 10,000 Pre-tax Net Operating Income 671
Pretax Return on Assets 2 Return on Assets 2
Retained Earnings to Average Equity (YTD only) 8

Insights into Financial Metrics

Enhance your understanding of Exchange State Bank’s financial standing through our “Additional Financial Information” table. Explore key metrics such as Net Loans and Leases: $110,512k and Net Interest Income $1,145k to gain valuable insights into the bank’s core operations and revenue streams. Assess the Tier 1 Risk-Based Capital Ratio: 0 for in-depth insights into capital adequacy and risk management strategies.

Delve into the intricacies of Net Charge-Offs to Loans and Leases: 0 to evaluate the bank’s asset quality and risk mitigation efforts. Examine the composition of income through Total Noninterest Income:$17k and evaluate operational efficiency using metrics like Efficiency Ratio: 42.25. This nuanced financial overview empowers a comprehensive analysis of Exchange State Bank’s strategic financial position and performance in the industry.

This table provides key financial information about Exchange State Bank. Get more data about Exchange State Bank on Visbanking Report Portal.