Iowa State Bank Mortgage Rates, Fees & Info

Hull, IA

LEI: 54930043NO4SOC3P8438

Tax ID: 42-0335307

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Iowa State Bank is a smaller bank specializing in various types of mortgages.



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    Originations

    0

    Origination Dollar Volume (All Markets)

    $0

    Employee count

    100

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Iowa State Bank 627 2nd Avenue Sheldon, IA 51201 Full Service B&M $91,959
    Iowa State Bank 105 Albany Avenue, Southeast Orange City, IA 51041 Full Service B&M $220,400
    Iowa State Bank 105 North Main Paullina, IA 51046 Full Service B&M $30,162
    Iowa State Bank 108 Main Street Sanborn, IA 51248 Full Service B&M $27,138
    Iowa State Bank 1101 Main Street Hull, IA 51239 Full Service B&M $95,935
    Iowa State Bank 17 West Second Street Remsen, IA 51050 Full Service B&M $88,559
    Iowa State Bank 301 Plymouth Street Northwest Le Mars, IA 51031 Full Service B&M $21,510
    Iowa State Bank 308 Main Street Ireton, IA 51027 Full Service B&M $46,792

    For 2021, Iowa State Bank had 8 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $28,585
    Net interest income $25,091
    Total noninterest income $5,281
    Gross Fiduciary activities income $7
    Service charges on deposit accounts $525
    Trading account gains and fees $0
    Additional Noninterest Income $4,749
    Pre-tax net operating income $15,180
    Securities gains (or losses, -) $0
    Income before extraordinary items $12,021
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $12,021
    Minority interest net income $0
    Net income $12,021
    Sale, conversion, retirement of capital stock, net $-54
    Net operating income $12,021

    Iowa State Bank's gross interest income from loans was $28,585,000.
    Iowa State Bank's net interest income from loans was $25,091,000.
    Iowa State Bank's fee based income from loans was $525,000.
    Iowa State Bank's net income from loans was $12,021,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,494
    Provision for credit losses $0
    Total noninterest expense $15,192
    Salaries and employee benefits $8,638
    Premises and equipment expense $2,079
    Additional noninterest expense $4,475
    Applicable income taxes $3,159
    Net charge-offs $12
    Cash dividends $3,388

    Iowa State Bank's interest expense for loans was $3,494,000.
    Iowa State Bank's payroll and benefits expense were $8,638,000.
    Iowa State Bank's property, plant and equipment expenses $2,079,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 1.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $775,787
    Deposits held in domestic offices $775,787
    Deposits by Individuals, partnerships, and corporations $665,929
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $109,858
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $77,402
    Demand deposits $33,892
    Nontransaction accounts $698,385
    Money market deposit accounts (MMDAs) $126,497
    Other savings deposits (excluding MMDAs) $455,462
    Total time deposits $116,426
    Total time and savings deposits $741,895
    Noninterest-bearing deposits $149,525
    Interest-bearing deposits $626,262
    Retail deposits $764,086
    IRAs and Keogh plan accounts $4,367
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $903,778
    Cash & Balances due from depository institutions $25,040
    Interest-bearing balances $8,784
    Total securities $282,803
    Federal funds sold & reverse repurchase $5,370
    Net loans and leases $555,814
    Loan and leases loss allowance $7,456
    Trading account assets $0
    Bank premises and fixed assets $9,709
    Other real estate owned $0
    Goodwill and other intangibles $7,139
    All other assets $17,903

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $903,778
    Total Liabilities $798,903
    Total deposits $775,787
    Interest-bearing deposits $626,262
    Deposits held in domestic offices $775,787
    % insured (estimated) $68
    Federal funds purchased and repurchase agreements $18,870
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $4,246

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $555,814
    Loan and leases loss allowance $7,456
    Total loans and leases (domestic) $563,270
    All real estate loans $401,003
    Real estate loans in domestic offices $401,003
    Construction and development loans $7,637
    Residential 1-4 family construction $3,298
    Other construction, all land development and other land $4,339
    Loans secured by nonfarm nonresidential properties $86,588
    Nonfarm nonresidential secured by owner-occupied properties $81,303
    Commercial real estate & other non-farm, non-residential $5,285
    Multifamily residential real estate $13,264
    1-4 family residential loans $23,841
    Farmland loans $269,673
    Loans held in foreign offices $0
    Farm loans $89,839
    Commercial and industrial loans $45,238
    To non-U.S. addressees $0
    Loans to individuals $8,487
    Credit card loans $2,036
    Related Plans $7
    Consumer Auto Loans $5,125
    Other loans to individuals $1,319
    All other loans & leases $18,704
    Loans to foreign governments and official institutions $0
    Other loans $9,666
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $3,531
    Non 1-4 family restructured loans & leases $3,531
    Total loans and leases (foreign) $0

    Iowa State Bank had $555,814,000 of loans outstanding in 2021. $401,003,000 of loans were in real estate loans. $7,637,000 of loans were in development loans. $13,264,000 of loans were in multifamily mortgage loans. $23,841,000 of loans were in 1-4 family mortgage loans. $89,839,000 of loans were in farm loans. $2,036,000 of loans were in credit card loans. $5,125,000 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 211 $28,245 $133,863
    Nonfarm, nonresidential loans - <$100k 106 $4,274 $40,321
    Nonfarm, nonresidential loans - $100-250k 56 $7,210 $128,750
    Nonfarm, nonresidential loans - $250k-1MM 49 $16,761 $342,061
    Commercial & Industrial, US addressed loans - <$1MM 273 $22,842 $83,670
    Commercial & Industrial, US addressed loans - <$100k 179 $3,767 $21,045
    Commercial & Industrial, US addressed loans - $100-250k 50 $4,733 $94,660
    Commercial & Industrial, US addressed loans - $250k-1MM 44 $14,342 $325,955
    Farmland loans - <$1MM 201 $29,688 $147,701
    Farmland loans - <$100k 56 $1,770 $31,607
    Farmland loans - $100-250k 68 $7,219 $106,162
    Farmland loans - $250k-1MM 77 $20,699 $268,818
    Agriculture operations loans - <$1MM 266 $13,454 $50,579
    Agriculture operations loans - <$100k 164 $2,736 $16,683
    Agriculture operations loans - $100-250k 65 $4,444 $68,369
    Agriculture operations loans - $250k-1MM 37 $6,274 $169,568