Community First Bank in Keosauqua, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Community First Bank - Overview

  • General
  • FDIC Certificate #: 11348
    Status: Active
    Federal Reserve ID: 845443
    Bank Holding Company (Regulatory Top Holder): Van Buren Bancorporation Employee Stock Ownership Plan (RSSDID: 2139708, Location: Keosauqua, IA)
    Date Established: January 01, 1931
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    OTS Docket #: 12478
    FDIC's unique #: 7249
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Agricultural lending institution: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 714 First Street, Keosauqua, IA 52565
    County: Van Buren
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Cedar Rapids
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
  • History of Changes
  • Change in Location
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $138.9 mil
    Equity capital: $18.8 mil
    Deposits held in domestic offices: $113.8 mil
    Return on assets (ROA): 1.59% ($2.2 mil)
    Quarterly return on assets: 0.98% ($1.4 mil)
    Return on Equity (ROE): 13.10% ($2.5 mil)
    Quarterly return on equity: 7.12% ($1.4 mil)
    Net income: $2.2 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 1.68% ($2,334.0 mil)
    Quarterly Pretax return on assets: 1.06% ($1,472.7 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2011)

  • Dollar figures in thousands
  • 35Total employees (full-time equivalent)
  • $138,931Total assets
  • $7,126Cash and due from depository institutions
  • $1,031Interest-bearing balances
  • $49,330Securities
  • $272Federal funds sold & reverse repurchase agreements
  • $73,897Net loans & leases
  • $1,684Loan loss allowance
  • $0Trading account assets
  • $1,325Bank premises and fixed assets
  • $59Other real estate owned
  • $69Goodwill and other intangibles
  • $138,931Life insurance assets
  • $6,853All other assets
  • $120,154Total liabilities and capital
  • $113,848Total liabilities
  • $98,716Total deposits
  • $113,848Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 901.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $5,000Trading liabilities
  • $0Other borrowed funds
  • $405Subordinated debt
  • $18,777All other liabilities
  • $18,777Total equity capital
  • $18,777Total bank equity capital
  • $0Perpetual preferred stock
  • $500Common stock
  • $2,700Surplus
  • $15,577Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $84Income earned, not collected on loans
  • $0Earning assets
  • $1,723Long-term assets (5+ years)
  • $124,530Average Assets, year-to-date
  • $78,227Average Assets, quarterly
  • $139,630Volatile liabilities
  • $139,025Insider loans
  • $88,975FHLB advances
  • $140,092Loans and leases held for sale
  • $4,211Unused loan commitments
  • $1,474Tier 1 (core) risk-based capital
  • $15,948Tier 2 risk-based capital
  • $1,500Total risk weighted assets
  • $1,237Total unused commitments
  • $9,085Restructured Loans and leases
  • $189Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $7,562Total interest income
  • $1,476Total interest expense
  • $6,086Net interest income
  • $100Provision for loan and lease losses
  • $904Total noninterest income
  • $42Fiduciary activities
  • $385Service charges on deposit accounts
  • $0Trading account gains & fees
  • $477Additional noninterest income
  • $4,503Total noninterest expense
  • $2,789Salaries and employee benefits
  • $461Premises and equipment expense
  • $1,253Additional noninterest expense
  • $2,387Pre-tax net operating income
  • -$42Securities gains (losses)
  • $126Applicable income taxes
  • $2,219Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,219Net income attributable to bank
  • $0Net charge-offs
  • $2,219Cash dividends
  • $3Sale, conversion, retirement of capital stock, net
  • $1,025Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.88%Yield on earning assets
  • 1.15%Cost of funding earning assets
  • 4.73%Net interest margin
  • 0.70%Noninterest income to earning assets
  • 3.50%Noninterest expense to earning assets
  • 1.62%Net operating income to assets
  • 1.59%Return on assets (ROA)
  • 1.68%Pretax return on assets
  • 13.10%Return on equity (ROE)
  • 7.05%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 3333.33%Credit loss provision to net charge-offs
  • 829.00%Efficiency ratio
  • 63,062Assets per employee
  • 3.97%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 46.19%Loss allowance to loans
  • 2.23%Loss allowance to noncurrent loans
  • 2004.76%Noncurrent assets plus other real estate owned to assets
  • 0.10%Noncurrent loans to loans
  • 0.11%Net loans and leases to deposits
  • 64.91%Net loans and leases to core deposits
  • 66.21%Equity capital to assets
  • 13.52%Core capital (leverage) ratio
  • 11.38%Tier 1 risk-based capital ratio
  • 17.92%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $139,630Average earning assets
  • $16,935Average equity
  • $128,615Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $2,511Managed Assets
  • 1Number of Accounts
  • $2,511Personal trust and agency accounts
  • $2,511Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 4Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 4 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    07249Community First Bank714 First Street, Keosauqua, IA 52565January 01, 1931Full Service Brick and Mortar
    1224395Birmingham BranchCedar Street, Birmingham, IA 52535April 23, 1931Full Service Brick and Mortar
    23969Cantril BranchMain Street, Cantril, IA 52542April 03, 1930Full Service Brick and Mortar
    5274216North Washington Branch110 North Washington, Bloomfield, IA 52537January 01, 1934Full Service Brick and Mortar

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