Leighton State Bank Mortgage Rates, Fees & Info

Pella, IA

LEI: 549300KDKLGZFAT7RD25

Tax ID: 42-0246810

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

Review & Overview

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

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Originations

Origination Dollar Volume (All Markets)

Employee count

Bank Details

Branches

Bank Name	Branch	Branch Type	Deposits (000's)
Leighton State Bank	101 W Washington Street Monroe, IA 50170	Full Service B&M	$34,440
Leighton State Bank	225 Otley Street Leighton, IA 50143	Full Service B&M	$20,678
Leighton State Bank	900 Washington Street Pella, IA 50219	Full Service B&M	$82,418

For 2018, Leighton State Bank had 3 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$7,330
Net interest income	$5,895
Total noninterest income	$2,302
Gross Fiduciary activities income	$0
Service charges on deposit accounts	$228
Trading account gains and fees	$0
Additional Noninterest Income	$2,074
Pre-tax net operating income	$2,613
Securities gains (or losses, -)	$1
Income before extraordinary items	$2,486
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$2,486
Minority interest net income	$0
Net income	$2,486
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$2,485

Leighton State Bank's gross interest income from loans was $7,330,000.
Leighton State Bank's net interest income from loans was $5,895,000.
Leighton State Bank's fee based income from loans was $228,000.
Leighton State Bank's net income from loans was $2,486,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$1,435
Provision for credit losses	$25
Total noninterest expense	$5,559
Salaries and employee benefits	$3,646
Premises and equipment expense	$601
Additional noninterest expense	$1,312
Applicable income taxes	$128
Net charge-offs	$61
Cash dividends	$1,856

Leighton State Bank's interest expense for loans was $1,435,000.
Leighton State Bank's payroll and benefits expense were $3,646,000.
Leighton State Bank's property, plant and equipment expenses $601,000.

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	1.0%
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	0.0%
Other consumer loans	0.0%
Unsecured commercial real estate loans	0.0%

Deposits

Type	Value (in 000's)
Total deposits	$148,537
Deposits held in domestic offices	$148,537
Deposits by Individuals, partnerships, and corporations	$132,517
Deposits by U.S. Government	$0
Deposits by States and political subdivisions in the U.S.	$14,083
Deposits by Commercial banks and other depository institutions in U.S.	$1,936
Deposits by Banks in foreign countries	$0
Deposits by Foreign governments and official institutions	$0
Transaction accounts	$52,628
Demand deposits	$14,570
Nontransaction accounts	$95,908
Money market deposit accounts (MMDAs)	$16,127
Other savings deposits (excluding MMDAs)	$34,697
Total time deposits	$45,084
Total time and savings deposits	$133,966
Noninterest-bearing deposits	$14,570
Interest-bearing deposits	$133,967
Retail deposits	$137,513
IRAs and Keogh plan accounts	$4,386
Brokered deposits	$9
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$184,575
Cash & Balances due from depository institutions	$7,160
Interest-bearing balances	$3,432
Total securities	$22,643
Federal funds sold & reverse repurchase	$7,862
Net loans and leases	$136,228
Loan and leases loss allowance	$1,856
Trading account assets	$0
Bank premises and fixed assets	$5,257
Other real estate owned	$0
Goodwill and other intangibles	$2,885
All other assets	$2,540

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$184,575
Total Liabilities	$162,053
Total deposits	$148,537
Interest-bearing deposits	$133,967
Deposits held in domestic offices	$148,537
% insured (estimated)	$87
Federal funds purchased and repurchase agreements	$0
Trading liabilities	$0
Other borrowed funds	$12,600
Subordinated debt	$0
All other liabilities	$916

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$136,228
Loan and leases loss allowance	$1,856
Total loans and leases (domestic)	$138,084
All real estate loans	$91,365
Real estate loans in domestic offices	$91,365
Construction and development loans	$3,173
Residential 1-4 family construction	$1,259
Other construction, all land development and other land	$1,914
Loans secured by nonfarm nonresidential properties	$24,787
Nonfarm nonresidential secured by owner-occupied properties	$17,214
Commercial real estate & other non-farm, non-residential	$7,573
Multifamily residential real estate	$1,184
1-4 family residential loans	$29,566
Farmland loans	$32,655
Loans held in foreign offices	$0
Farm loans	$22,281
Commercial and industrial loans	$21,438
To non-U.S. addressees	$0
Loans to individuals	$2,431
Credit card loans	$0
Related Plans	$65
Consumer Auto Loans	$1,311
Other loans to individuals	$1,055
All other loans & leases	$569
Loans to foreign governments and official institutions	$0
Other loans	$30
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	$0
Non 1-4 family restructured loans & leases	$0
Total loans and leases (foreign)	$0

Leighton State Bank had $136,228,000 of loans outstanding in 2018. $91,365,000 of loans were in real estate loans. $3,173,000 of loans were in development loans. $1,184,000 of loans were in multifamily mortgage loans. $29,566,000 of loans were in 1-4 family mortgage loans. $22,281,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,311,000 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	143	$16,891	$118,119
Nonfarm, nonresidential loans - <$100k	75	$3,034	$40,453
Nonfarm, nonresidential loans - $100-250k	40	$5,013	$125,325
Nonfarm, nonresidential loans - $250k-1MM	28	$8,844	$315,857
Commercial & Industrial, US addressed loans - <$1MM	331	$19,635	$59,320
Commercial & Industrial, US addressed loans - <$100k	259	$5,868	$22,656
Commercial & Industrial, US addressed loans - $100-250k	45	$4,629	$102,867
Commercial & Industrial, US addressed loans - $250k-1MM	27	$9,138	$338,444
Farmland loans - <$1MM	148	$18,822	$127,176
Farmland loans - <$100k	57	$2,413	$42,333
Farmland loans - $100-250k	59	$7,745	$131,271
Farmland loans - $250k-1MM	32	$8,664	$270,750
Agriculture operations loans - <$1MM	302	$17,414	$57,662
Agriculture operations loans - <$100k	234	$5,542	$23,684
Agriculture operations loans - $100-250k	33	$3,502	$106,121
Agriculture operations loans - $250k-1MM	35	$8,370	$239,143