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

This bank is inactive as of August 29, 2000

Community First National Bank in Decorah, Iowa (IA)
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Community First National Bank - Overview

General
FDIC Certificate #: 9292
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Community First National Bank (#3924)
Federal Reserve ID: 225540
Date Established: January 01, 1906
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 3 (Interstate: No)
OTS Docket #: 10274
FDIC's unique #: 5947
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: January 01, 1934
Last Structure Change Effective Date: August 29, 2000
Last Structure Change Process Date: September 25, 2000
Last Data Update: September 25, 2000
Data Source Date: April 05, 2012
Location
Address: 120 West Water Street, Decorah, IA 52101
County: Winneshiek
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Minneapolis
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: Western
Financial Summary
Total assets: $172.0 mil

1992 - 1999 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, 1999)

Dollar figures in thousands
42Total employees (full-time equivalent)
$174,119Total assets
$6,757Cash and due from depository institutions
$24Interest-bearing balances
$42,565Securities
$0Federal funds sold & reverse repurchase agreements
$113,870Net loans & leases
$1,640Loan loss allowance
$0Trading account assets
$1,831Bank premises and fixed assets
$0Other real estate owned
$2Goodwill and other intangibles
$0Life insurance assets
$9,094All other assets
$174,119Total liabilities and capital
$161,900Total liabilities
$131,651Total deposits
$115,677Interest-bearing deposits
$131,651Deposits held in domestic offices
0.00%% insured (estimated)
$16,453Federal funds purchased & repurchase agreements
$0Trading liabilities
$12,000Other borrowed funds
$0Subordinated debt
$1,796All other liabilities
$12,219Total equity capital
$12,219Total bank equity capital
$12,219Perpetual preferred stock
$0Common stock
$5,000Surplus
$1,000Undivided profits
Memoranda
$6,219Noncurrent loans and leases
$23,946Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$174Earning assets
$21Long-term assets (5+ years)
$883Average Assets, year-to-date
$156,459Average Assets, quarterly
$50,655Volatile liabilities
$167,226Insider loans
$171,102FHLB advances
$48,938Loans and leases held for sale
$92Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$149Total risk weighted assets
$23,946Total unused commitments
$0Restructured Loans and leases
$1,596Derivatives

Income and Expense (December 31, 1999)

Dollar figures in thousands
$11,703Total interest income
$5,819Total interest expense
$5,884Net interest income
$45Provision for loan and lease losses
$1,876Total noninterest income
$291Fiduciary activities
$706Service charges on deposit accounts
$0Trading account gains & fees
$879Additional noninterest income
$3,673Total noninterest expense
$1,938Salaries and employee benefits
$414Premises and equipment expense
$1,321Additional noninterest expense
$4,042Pre-tax net operating income
$30Securities gains (losses)
$1,234Applicable income taxes
$2,838Income before extraordinary items
$0Extraordinary gains - net
$2,838Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$5Sale, conversion, retirement of capital stock, net
$2,275Net operating income

Performance and Condition Ratios (December 31, 1999)

Dollar figures in thousands
Performance Ratios (%, annualized)
7.75%Yield on earning assets
3.85%Cost of funding earning assets
3.90%Net interest margin
1.24%Noninterest income to earning assets
2.43%Noninterest expense to earning assets
1.68%Net operating income to assets
1.70%Return on assets (ROA)
2.44%Pretax return on assets
22.30%Return on equity (ROE)
4.42%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
900.00%Credit loss provision to net charge-offs
817.40%Efficiency ratio
47,320Assets per employee
4.15%Cash dividends to net income (YTD only)
Condition Ratios (%)
80.16%Loss allowance to loans
1.42%Loss allowance to noncurrent loans
942.53%Noncurrent assets plus other real estate owned to assets
0.10%Noncurrent loans to loans
0.15%Net loans and leases to deposits
86.49%Net loans and leases to core deposits
103.36%Equity capital to assets
7.02%Core capital (leverage) ratio
7.76%Tier 1 risk-based capital ratio
10.31%Total risk-based capital ratio
Memoranda
$12Average assets
$167,226Average earning assets
$12,729Average equity
$151,050Average loans

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