American National Bank in Sac City, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 20, 2003

American National Bank in Sac City, Iowa (IA)
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American National Bank - Overview

General
FDIC Certificate #: 35562
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: American National Bank (#33993)
Federal Reserve ID: 2887269
Date Established: June 29, 2000
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 1 (Interstate: No)
FDIC's unique #: 81673
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: No
Date of Deposit Insurance: June 29, 2000
Last Structure Change Effective Date: October 20, 2003
Last Structure Change Process Date: November 06, 2003
Last Data Update: November 06, 2003
Data Source Date: April 05, 2012
Location
Address: 400 Morningside Road, Sac City, IA 50583
County: Sac
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Sioux City
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: Western
Financial Summary
Total assets: $29.9 mil

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2002)

Dollar figures in thousands
5Total employees (full-time equivalent)
$26,326Total assets
$731Cash and due from depository institutions
$0Interest-bearing balances
$414Securities
$885Federal funds sold & reverse repurchase agreements
$22,879Net loans & leases
$225Loan loss allowance
$0Trading account assets
$759Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$658All other assets
$26,326Total liabilities and capital
$24,310Total liabilities
$21,853Total deposits
$20,990Interest-bearing deposits
$21,853Deposits held in domestic offices
0.00%% insured (estimated)
$283Federal funds purchased & repurchase agreements
$0Trading liabilities
$2,050Other borrowed funds
$0Subordinated debt
$124All other liabilities
$2,016Total equity capital
$2,016Total bank equity capital
$2,016Perpetual preferred stock
$0Common stock
$100Surplus
$1,900Undivided profits
Memoranda
$16Noncurrent loans and leases
$1,341Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$548Earning assets
$0Long-term assets (5+ years)
$353Average Assets, year-to-date
$24,178Average Assets, quarterly
$5,735Volatile liabilities
$24,557Insider loans
$26,420FHLB advances
$3,303Loans and leases held for sale
$732Unused loan commitments
$2,050Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,341Total unused commitments
$0Restructured Loans and leases
$225Derivatives

Income and Expense (December 31, 2002)

Dollar figures in thousands
$1,448Total interest income
$815Total interest expense
$633Net interest income
$119Provision for loan and lease losses
$129Total noninterest income
$0Fiduciary activities
$77Service charges on deposit accounts
$0Trading account gains & fees
$52Additional noninterest income
$474Total noninterest expense
$201Salaries and employee benefits
$70Premises and equipment expense
$203Additional noninterest expense
$169Pre-tax net operating income
$0Securities gains (losses)
$57Applicable income taxes
$112Income before extraordinary items
$0Extraordinary gains - net
$112Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$22Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2002)

Dollar figures in thousands
Performance Ratios (%, annualized)
6.37%Yield on earning assets
3.59%Cost of funding earning assets
2.79%Net interest margin
0.57%Noninterest income to earning assets
2.09%Noninterest expense to earning assets
0.46%Net operating income to assets
0.46%Return on assets (ROA)
0.69%Pretax return on assets
5.73%Return on equity (ROE)
5.73%Retained earnings to average equity (YTD only)
0.10%Net charge-offs to loans
540.91%Credit loss provision to net charge-offs
13.09%Efficiency ratio
62,205Assets per employee
5.27%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.97%Loss allowance to noncurrent loans
41.06%Noncurrent assets plus other real estate owned to assets
2.08%Noncurrent loans to loans
2.37%Net loans and leases to deposits
104.70%Net loans and leases to core deposits
109.56%Equity capital to assets
7.66%Core capital (leverage) ratio
7.79%Tier 1 risk-based capital ratio
9.46%Total risk-based capital ratio
Memoranda
$11Average assets
$24,557Average earning assets
$1,954Average equity
$22,725Average loans

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