First Bank in West Des Moines, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • First Bank in West Des Moines, Iowa (IA)
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First Bank - Overview

  • General
  • FDIC Certificate #: 4516
    Status: Active
    Federal Reserve ID: 378549
    Bank Holding Company (Regulatory Top Holder): Fnb Holding Company (RSSDID: 1208568, Location: West Des Moines, IA)
    Date Established: July 08, 1901
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 14000
    FDIC's unique #: 2984
    Numeric code: 21
    Regulator: FDIC
    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: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: October 13, 2009
    Last Structure Change Process Date: October 13, 2009
    Last Data Update: October 13, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 5625 Mills Civic Parkway, West Des Moines, IA 50266
    County: Polk
    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
    Metropolitan Statistical Area (MSA): Des Moines, IA (#2120)
    Combined Statistical Area (CSA): Des Moines-Newton-Pella, IA (#218)
    Core Based Statistical Area (CBSA): Des Moines-West Des Moines, IA (#19780)
    CBSA Metro Statistical Area: Des Moines-West Des Moines, IA (#19780)
  • Financial Summary
  • Total assets: $93.4 mil
    Equity capital: $4.7 mil
    Deposits held in domestic offices: $84.1 mil
    Return on assets (ROA): 0.09% ($0.1 mil)
    Quarterly return on assets: 0.27% ($0.3 mil)
    Return on Equity (ROE): 1.88% ($0.1 mil)
    Quarterly return on equity: 5.62% ($0.3 mil)
    Net income: $0.1 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.09% ($84.0 mil)
    Quarterly Pretax return on assets: 0.27% ($252.1 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
  • 23Total employees (full-time equivalent)
  • $93,354Total assets
  • $2,156Cash and due from depository institutions
  • $148Interest-bearing balances
  • $19,211Securities
  • $460Federal funds sold & reverse repurchase agreements
  • $58,980Net loans & leases
  • $2,942Loan loss allowance
  • $0Trading account assets
  • $5,356Bank premises and fixed assets
  • $5,781Other real estate owned
  • $0Goodwill and other intangibles
  • $93,354Life insurance assets
  • $1,410All other assets
  • $88,702Total liabilities and capital
  • $84,123Total liabilities
  • $70,313Total deposits
  • $84,123Interest-bearing deposits
  • $98Deposits held in domestic offices
  • 3883.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $696Subordinated debt
  • $4,652All other liabilities
  • $4,652Total equity capital
  • $4,652Total bank equity capital
  • $0Perpetual preferred stock
  • $270Common stock
  • $8,770Surplus
  • $-4,388Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,853Income earned, not collected on loans
  • $0Earning assets
  • $319Long-term assets (5+ years)
  • $78,799Average Assets, year-to-date
  • $19,355Average Assets, quarterly
  • $100,165Volatile liabilities
  • $95,857Insider loans
  • $63,503FHLB advances
  • $97,296Loans and leases held for sale
  • $452Unused loan commitments
  • $452Tier 1 (core) risk-based capital
  • $4,640Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $8,083Restructured Loans and leases
  • $171Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,655Total interest income
  • $1,304Total interest expense
  • $3,351Net interest income
  • $654Provision for loan and lease losses
  • $707Total noninterest income
  • $0Fiduciary activities
  • $245Service charges on deposit accounts
  • $0Trading account gains & fees
  • $462Additional noninterest income
  • $3,612Total noninterest expense
  • $1,553Salaries and employee benefits
  • $619Premises and equipment expense
  • $1,440Additional noninterest expense
  • -$208Pre-tax net operating income
  • $300Securities gains (losses)
  • $0Applicable income taxes
  • $92Income before extraordinary items
  • $0Extraordinary gains - net
  • $92Net income attributable to bank
  • $0Net charge-offs
  • $92Cash dividends
  • $1,020Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.45%Yield on earning assets
  • 1.53%Cost of funding earning assets
  • 3.92%Net interest margin
  • 0.83%Noninterest income to earning assets
  • 4.23%Noninterest expense to earning assets
  • -0.21%Net operating income to assets
  • 0.09%Return on assets (ROA)
  • 0.09%Pretax return on assets
  • 1.88%Return on equity (ROE)
  • 1.88%Retained earnings to average equity (YTD only)
  • 1.49%Net charge-offs to loans
  • 64.12%Credit loss provision to net charge-offs
  • 0.44%Efficiency ratio
  • 89,009Assets per employee
  • 4.06%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 4.75%Loss allowance to noncurrent loans
  • 60.62%Noncurrent assets plus other real estate owned to assets
  • 11.66%Noncurrent loans to loans
  • 7.84%Net loans and leases to deposits
  • 70.11%Net loans and leases to core deposits
  • 70.55%Equity capital to assets
  • 4.98%Core capital (leverage) ratio
  • 4.77%Tier 1 risk-based capital ratio
  • 7.31%Total risk-based capital ratio
  • Memoranda
  • $9Average assets
  • $100,165Average earning assets
  • $4,899Average equity
  • $85,410Average loans

List of branches

  • 3 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    02984First Bank5625 Mills Civic Parkway, West Des Moines, IA 50266July 08, 1901Full Service Brick and Mortar
    1203771Fifth Street Branch301 Fifth Street, West Des Moines, IA 50265March 06, 1972Full Service Brick and Mortar
    3425151Johnston/86th Street Branch8430 Birchwood Court, Suite 1100, Johnston, IA 50131October 15, 2003Full Service Brick and Mortar

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