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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