First American Bank in Ames, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 18, 2000

First American Bank in Ames, Iowa (IA)
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First American Bank - Overview

General
FDIC Certificate #: 17540
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First American Bank (#14808)
Federal Reserve ID: 593847
Date Established: January 03, 1956
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 2 (Interstate: No)
OTS Docket #: 10557
FDIC's unique #: 11515
Numeric code: 13
Regulator: FED
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: January 03, 1956
Last Structure Change Effective Date: September 18, 2000
Last Structure Change Process Date: November 06, 2000
Last Data Update: November 06, 2000
Data Source Date: April 05, 2012
Location
Address: Sixth And Grand, Ames, IA 50010
County: Story
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Des Moines
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: Western
Combined Statistical Area (CSA): Ames-Boone, IA (#112)
Core Based Statistical Area (CBSA): Ames, IA (#11180)
CBSA Metro Statistical Area: Ames, IA (#11180)
Financial Summary
Total assets: $100.5 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
35Total employees (full-time equivalent)
$84,612Total assets
$2,312Cash and due from depository institutions
$2Interest-bearing balances
$12,836Securities
$0Federal funds sold & reverse repurchase agreements
$61,784Net loans & leases
$778Loan loss allowance
$0Trading account assets
$4,924Bank premises and fixed assets
$84Other real estate owned
$1,651Goodwill and other intangibles
$0Life insurance assets
$1,021All other assets
$84,612Total liabilities and capital
$75,773Total liabilities
$66,178Total deposits
$60,943Interest-bearing deposits
$66,178Deposits held in domestic offices
0.00%% insured (estimated)
$4,399Federal funds purchased & repurchase agreements
$0Trading liabilities
$4,202Other borrowed funds
$0Subordinated debt
$994All other liabilities
$8,839Total equity capital
$8,839Total bank equity capital
$8,839Perpetual preferred stock
$0Common stock
$908Surplus
$7,178Undivided profits
Memoranda
$753Noncurrent loans and leases
$19,394Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$27Earning assets
$0Long-term assets (5+ years)
$440Average Assets, year-to-date
$74,622Average Assets, quarterly
$8,535Volatile liabilities
$79,436Insider loans
$81,792FHLB advances
$16,863Loans and leases held for sale
$536Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$19,394Total unused commitments
$0Restructured Loans and leases
$778Derivatives

Income and Expense (December 31, 1999)

Dollar figures in thousands
$5,297Total interest income
$3,073Total interest expense
$2,224Net interest income
$103Provision for loan and lease losses
$665Total noninterest income
$0Fiduciary activities
$208Service charges on deposit accounts
$0Trading account gains & fees
$457Additional noninterest income
$2,675Total noninterest expense
$1,264Salaries and employee benefits
$407Premises and equipment expense
$1,004Additional noninterest expense
$111Pre-tax net operating income
$0Securities gains (losses)
$51Applicable income taxes
$60Income before extraordinary items
$0Extraordinary gains - net
$60Net 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, 1999)

Dollar figures in thousands
Performance Ratios (%, annualized)
7.46%Yield on earning assets
4.33%Cost of funding earning assets
3.13%Net interest margin
0.94%Noninterest income to earning assets
3.77%Noninterest expense to earning assets
0.08%Net operating income to assets
0.08%Return on assets (ROA)
0.14%Pretax return on assets
0.72%Return on equity (ROE)
0.72%Retained earnings to average equity (YTD only)
-0.04%Net charge-offs to loans
-468.18%Credit loss provision to net charge-offs
0.00%Efficiency ratio
89,685Assets per employee
2.42%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.24%Loss allowance to noncurrent loans
2881.48%Noncurrent assets plus other real estate owned to assets
0.13%Noncurrent loans to loans
0.04%Net loans and leases to deposits
93.36%Net loans and leases to core deposits
115.02%Equity capital to assets
10.45%Core capital (leverage) ratio
9.05%Tier 1 risk-based capital ratio
9.30%Total risk-based capital ratio
Memoranda
$10Average assets
$79,436Average earning assets
$8,329Average equity
$70,975Average loans

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