Community National Bank in Waterloo, Iowa (IA)



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Community National Bank
GeneralFDIC 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
WWW: http://www.cnb1.com
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
LocationAddress: 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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)78
Total assets$225,082
Cash and due from depository institutions$6,644
Interest-bearing balances$1,685
Securities$38,788
Federal funds sold & reverse repurchase agreements$4,515
Net loans & leases$158,738
Loan loss allowance $3,294
Trading account assets$0
Bank premises and fixed assets$7,503
Other real estate owned$542
Goodwill and other intangibles$0
All other assets$8,352
Life insurance assets$225,082
Total liabilities and capital$200,959
Total liabilities$199,586
Total deposits$166,915
Interest-bearing deposits$199,586
Deposits held in domestic offices$86
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $1,373
All other liabilities $24,123
Total equity capital$24,123
Total bank equity capital$24,123
Perpetual preferred stock$0
Common stock$3,435
Surplus$17,050
Undivided profits $3,638
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $4,607
Earning assets $0
Long-term assets (5+ years) $702
Average Assets, year-to-date $203,726
Average Assets, quarterly $39,437
Volatile liabilities $218,344
Insider loans $224,849
FHLB advances $171,704
Loans and leases held for sale $222,765
Unused loan commitments $4,393
Tier 1 (core) risk-based capital $4,393
Tier 2 risk-based capital $22,600
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $33,711
Derivatives$13,185
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $8,895
Total interest expense $1,092
Net interest income $7,803
Provision for loan and lease losses $210
Total noninterest income $2,168
Fiduciary activities $1,092
Service charges on deposit accounts $451
Trading account gains & fees $0
Additional noninterest income $625
Total noninterest expense $8,203
Salaries and employee benefits $4,548
Premises and equipment expense $915
Additional noninterest expense $2,740
Pre-tax net operating income $1,558
Securities gains (losses) $144
Applicable income taxes $579
Income before extraordinary items $1,123
Extraordinary gains - net $0
Net income attributable to bank $1,123
Net charge-offs $0
Cash dividends $1,123
Sale, conversion, retirement of capital stock, net $1,194
Net operating income $600
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.53%
Cost of funding earning assets 0.56%
Net interest margin 3.97%
Noninterest income to earning assets 1.10%
Noninterest expense to earning assets 4.18%
Net operating income to assets 0.47%
Return on assets (ROA) 0.51%
Pretax return on assets 0.78%
Return on equity (ROE) 4.74%
Retained earnings to average equity (YTD only) 2.21%
Net charge-offs to loans 0.76%
Credit loss provision to net charge-offs 17.59%
Efficiency ratio1.48%
Assets per employee$82,269
Cash dividends to net income (YTD only)2.89%
Condition Ratios (%)
Loss allowance to loans 53.43%
Loss allowance to noncurrent loans 2.03%
Noncurrent assets plus other real estate owned to assets 71.50%
Noncurrent loans to loans 2.29%
Net loans and leases to deposits2.84%
Net loans and leases to core deposits 79.53%
Equity capital to assets 88.14%
Core capital (leverage) ratio 10.72%
Tier 1 risk-based capital ratio 10.15%
Total risk-based capital ratio 13.16%
Memoranda
Average assets$14
Average earning assets$218,344
Average equity $23,700
Average loans $196,394
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Total Fiduciary and Related Assets (December 31, 2011)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$182,114
Number of Accounts1
Personal trust and agency accounts$134,722
Employee benefit-defined contribution accounts$53,476
Employee benefit-defined benefit accounts$6,267
Other retirement accounts$6,062
Corporate trust and agency accounts$11,766
Investment management agency accounts$0
Other fiduciary accounts$30,739
Fiduciary accounts held in foreign offices$26,412
Non-managed Assets$0
Number of Accounts227
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$11,766
Employee benefit-defined benefit accounts$0
Other retirement accounts$47,392
Corporate trust and agency accounts$0
Other fiduciary accounts$43,446
Fiduciary accounts held in foreign offices$3,946
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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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