First Community Bank in Newell, Iowa (IA)

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First Community Bank
GeneralFDIC Certificate #: 14904
Status: Active
Federal Reserve ID: 233246
Bank Holding Company (Regulatory Top Holder): Newell Bancshares, Inc. (RSSDID: 2382335, Location: Newell, IA)
Date Established: January 01, 1912
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 4 (Domestic: 3, Interstate: No)
FDIC's unique #: 9333
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Agricultural lending institution: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: Yes
Asset Concentration Hierarchy: Agricultural Specialization
Date of Deposit Insurance: December 04, 1934
Last Structure Change Effective Date: March 24, 2012
Last Structure Change Process Date: March 30, 2012
Last Data Update: March 30, 2012
Data Source Date: April 05, 2012
LocationAddress: Second And Fulton, Newell, IA 50568
County: Buena Vista
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Sioux City
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: Western
Core Based Statistical Area (CBSA): Storm Lake, IA (#44740)
CBSA Micro Statistical Area: Yes
History of ChangesParticipated in Absorption/Consolidation/Merger
Financial SummaryTotal assets: $57.9 mil
Equity capital: $7.3 mil
Deposits held in domestic offices: $44.6 mil
Return on assets (ROA): 1.54% ($0.9 mil)
Quarterly return on assets: 1.51% ($0.9 mil)
Return on Equity (ROE): 12.35% ($0.9 mil)
Quarterly return on equity: 11.61% ($0.8 mil)
Net income: $0.9 mil
Quarterly Net income: $0.2 mil
Pretax return on assets: 1.61% ($931.7 mil)
Quarterly Pretax return on assets: 1.58% ($914.3 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)16
Total assets$57,868
Cash and due from depository institutions$9,579
Interest-bearing balances$8,480
Federal funds sold & reverse repurchase agreements$35
Net loans & leases$34,733
Loan loss allowance $357
Trading account assets$0
Bank premises and fixed assets$504
Other real estate owned$0
Goodwill and other intangibles$1,174
All other assets$2,434
Life insurance assets$57,868
Total liabilities and capital$50,549
Total liabilities$44,566
Total deposits$33,854
Interest-bearing deposits$44,566
Deposits held in domestic offices$91
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$5,772
Other borrowed funds $0
Subordinated debt $211
All other liabilities $7,319
Total equity capital$7,319
Total bank equity capital$7,319
Perpetual preferred stock$0
Common stock$100
Undivided profits $2,869
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 $41
Earning assets $41
Long-term assets (5+ years) $699
Average Assets, year-to-date $52,657
Average Assets, quarterly $18,629
Volatile liabilities $57,454
Insider loans $56,292
FHLB advances $44,418
Loans and leases held for sale $56,411
Unused loan commitments $1,154
Tier 1 (core) risk-based capital $1,154
Tier 2 risk-based capital $6,080
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $10,335
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $2,528
Total interest expense $509
Net interest income $2,019
Provision for loan and lease losses $2
Total noninterest income $182
Fiduciary activities $0
Service charges on deposit accounts $103
Trading account gains & fees $0
Additional noninterest income $79
Total noninterest expense $1,272
Salaries and employee benefits $765
Premises and equipment expense $176
Additional noninterest expense $331
Pre-tax net operating income $927
Securities gains (losses) -$1
Applicable income taxes $43
Income before extraordinary items $883
Extraordinary gains - net $0
Net income attributable to bank $883
Net charge-offs $0
Cash dividends $883
Sale, conversion, retirement of capital stock, net $1
Net operating income $700
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.82%
Cost of funding earning assets 0.97%
Net interest margin 3.85%
Noninterest income to earning assets 0.35%
Noninterest expense to earning assets 2.43%
Net operating income to assets 1.54%
Return on assets (ROA) 1.54%
Pretax return on assets 1.61%
Return on equity (ROE) 12.35%
Retained earnings to average equity (YTD only) 2.56%
Net charge-offs to loans 0.00%
Credit loss provision to net charge-offs 200.00%
Efficiency ratio929.00%
Assets per employee$56,792
Cash dividends to net income (YTD only)3.62%
Condition Ratios (%)
Loss allowance to loans 79.28%
Loss allowance to noncurrent loans 1.02%
Noncurrent assets plus other real estate owned to assets 870.73%
Noncurrent loans to loans 0.07%
Net loans and leases to deposits0.12%
Net loans and leases to core deposits 77.94%
Equity capital to assets 80.26%
Core capital (leverage) ratio 12.65%
Tier 1 risk-based capital ratio 10.78%
Total risk-based capital ratio 13.69%
Average assets$14
Average earning assets$57,454
Average equity $7,152
Average loans $52,426
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4 Iowa Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
09333First Community BankSecond And Fulton, Newell, IA 50568January 01, 1912Full Service Brick and Mortar
1203725Fonda Branch212 Main Street, Fonda, IA 50540November 13, 1992Full Service Brick and Mortar
29355Pomeroy Branch118 West Main Street, Pomeroy, IA 50575January 01, 1892Full Service Brick and Mortar
35424Union-Rockwell City Branch400 Main Street, Rockwell City, IA 50579January 01, 1929Full Service Brick and Mortar
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