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

Community National Bank - Overview

  • General
  • FDIC Certificate #: 34503
    Status: Active
    Federal Reserve ID: 2577243
    Bank Holding Company (Regulatory Top Holder): Community National Bancorporation (RSSDID: 2576965, Location: Waterloo, IA)
    Date Established: August 18, 1997
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 6 (Domestic: 6, Interstate: No)
    OTS Docket #: 15452
    FDIC's unique #: 57781
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: August 18, 1997
    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: 422 Commercial Street, Waterloo, IA 50701
    County: Black Hawk
    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
    Metropolitan Statistical Area (MSA): Waterloo-Cedar Falls, IA (#8920)
    Core Based Statistical Area (CBSA): Waterloo-Cedar Falls, IA (#47940)
    CBSA Metro Statistical Area: Waterloo-Cedar Falls, IA (#47940)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $225.1 mil
    Equity capital: $24.1 mil
    Deposits held in domestic offices: $199.6 mil
    Return on assets (ROA): 0.51% ($1.1 mil)
    Quarterly return on assets: 0.45% ($1.0 mil)
    Return on Equity (ROE): 4.74% ($1.1 mil)
    Quarterly return on equity: 4.17% ($1.0 mil)
    Net income: $1.1 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 0.78% ($1,755.6 mil)
    Quarterly Pretax return on assets: 0.67% ($1,508.0 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
  • 78Total employees (full-time equivalent)
  • $225,082Total assets
  • $6,644Cash and due from depository institutions
  • $1,685Interest-bearing balances
  • $38,788Securities
  • $4,515Federal funds sold & reverse repurchase agreements
  • $158,738Net loans & leases
  • $3,294Loan loss allowance
  • $0Trading account assets
  • $7,503Bank premises and fixed assets
  • $542Other real estate owned
  • $0Goodwill and other intangibles
  • $225,082Life insurance assets
  • $8,352All other assets
  • $200,959Total liabilities and capital
  • $199,586Total liabilities
  • $166,915Total deposits
  • $199,586Interest-bearing deposits
  • $86Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,373Subordinated debt
  • $24,123All other liabilities
  • $24,123Total equity capital
  • $24,123Total bank equity capital
  • $0Perpetual preferred stock
  • $3,435Common stock
  • $17,050Surplus
  • $3,638Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,607Income earned, not collected on loans
  • $0Earning assets
  • $702Long-term assets (5+ years)
  • $203,726Average Assets, year-to-date
  • $39,437Average Assets, quarterly
  • $218,344Volatile liabilities
  • $224,849Insider loans
  • $171,704FHLB advances
  • $222,765Loans and leases held for sale
  • $4,393Unused loan commitments
  • $4,393Tier 1 (core) risk-based capital
  • $22,600Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $33,711Restructured Loans and leases
  • $13,185Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $8,895Total interest income
  • $1,092Total interest expense
  • $7,803Net interest income
  • $210Provision for loan and lease losses
  • $2,168Total noninterest income
  • $1,092Fiduciary activities
  • $451Service charges on deposit accounts
  • $0Trading account gains & fees
  • $625Additional noninterest income
  • $8,203Total noninterest expense
  • $4,548Salaries and employee benefits
  • $915Premises and equipment expense
  • $2,740Additional noninterest expense
  • $1,558Pre-tax net operating income
  • $144Securities gains (losses)
  • $579Applicable income taxes
  • $1,123Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,123Net income attributable to bank
  • $0Net charge-offs
  • $1,123Cash dividends
  • $1,194Sale, conversion, retirement of capital stock, net
  • $600Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.53%Yield on earning assets
  • 0.56%Cost of funding earning assets
  • 3.97%Net interest margin
  • 1.10%Noninterest income to earning assets
  • 4.18%Noninterest expense to earning assets
  • 0.47%Net operating income to assets
  • 0.51%Return on assets (ROA)
  • 0.78%Pretax return on assets
  • 4.74%Return on equity (ROE)
  • 2.21%Retained earnings to average equity (YTD only)
  • 0.76%Net charge-offs to loans
  • 17.59%Credit loss provision to net charge-offs
  • 1.48%Efficiency ratio
  • 82,269Assets per employee
  • 2.89%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 53.43%Loss allowance to loans
  • 2.03%Loss allowance to noncurrent loans
  • 71.50%Noncurrent assets plus other real estate owned to assets
  • 2.29%Noncurrent loans to loans
  • 2.84%Net loans and leases to deposits
  • 79.53%Net loans and leases to core deposits
  • 88.14%Equity capital to assets
  • 10.72%Core capital (leverage) ratio
  • 10.15%Tier 1 risk-based capital ratio
  • 13.16%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $218,344Average earning assets
  • $23,700Average equity
  • $196,394Average 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
  • $182,114Managed Assets
  • 1Number of Accounts
  • $134,722Personal trust and agency accounts
  • $53,476Employee benefit-defined contribution accounts
  • $6,267Employee benefit-defined benefit accounts
  • $6,062Other retirement accounts
  • $11,766Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $30,739Other fiduciary accounts
  • $26,412Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 227Number of Accounts
  • $0Personal trust and agency accounts
  • $11,766Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $47,392Other retirement accounts
  • $0Corporate trust and agency accounts
  • $43,446Other fiduciary accounts
  • $3,946Fiduciary accounts held in foreign offices

List of branches

  • 6 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    057781Community National Bank422 Commercial Street, Waterloo, IA 50701August 18, 1997Full Service Brick and Mortar
    1290667Cedar Falls Branch2322 West 1st Street, Cedar Falls, IA 50613August 18, 1997Full Service Brick and Mortar
    2290668Waterloo Branch11 Tower Park Drive, Waterloo, IA 50701August 17, 1998Full Service Brick and Mortar
    4357619University Avenue Branch6004 University Avenue, Cedar Falls, IA 50613May 22, 2000Full Service Brick and Mortar
    511688100 East State Street Branch100 East State Street, Mason City, IA 50401March 25, 1957Full Service Brick and Mortar
    6243043Mason City West3124 Fourth Street, S.W., Mason City, IA 50401May 14, 1965Full Service Brick and Mortar

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