Walcott Trust and Savings Bank, Financial Information

Terms and Definitions

• Domestic deposits

  The sum of all domestic deposits, including demand deposits, money market deposits and time deposits.
• Equity capital

  Total equity capital (includes preferred and common stock, surplus and undivided profits).
• ROA

  Return on assets, net income after taxes and extraordinary items (annualized) as a percent of average total assets.
• ROE

  Return on equity, annualized net income as a percent of average equity on a consolidated basis.

Walcott Trust and Savings Bank was created by the merger of two banks during the Great Depression. Walcott Savings Bank and Farmers Savings Bank. Walcott Savings Bank was organized in 1893 and was located on the southeast corner of Bryant and Henry streets. Farmers Savings Bank started in 1904 and was located in the east part of the current bank building. The two banks merged on May 20, 1931 into the current Walcott Trust and Savings Bank.

In 1998 and 1999, the bank was extensively renovated. The upstairs apartments were removed and instead a boardroom, needed office space and conference rooms were created. An elevator was installed and a beautiful stairway from the lobby was erected. The entire downstairs space was rearranged and attractively redecorated to serve its customers in this great 100-year-old building.

From its humble beginning as a bank in 1931, when it had two employees, Ardyth Christensen and Alice Ruwe, the bank has grown to 22 employees (on January 1, 2006). Employees are dedicated to serving bank customers in a friendly and confidential manner. In addition, bank employees are involved in many community organizations.

Walcott Trust and Savings Bank
101 West Bryant Street
PO Box 100
Walcott, IA 52773-0100
Phone: (563) 284-6202
Bank By Phone: 1-866-891-6478
Fax: (563) 284-6031