First Community Bank in Newell, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Community Bank - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total 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
  • 16Total employees (full-time equivalent)
  • $57,868Total assets
  • $9,579Cash and due from depository institutions
  • $8,480Interest-bearing balances
  • $9,409Securities
  • $35Federal funds sold & reverse repurchase agreements
  • $34,733Net loans & leases
  • $357Loan loss allowance
  • $0Trading account assets
  • $504Bank premises and fixed assets
  • $0Other real estate owned
  • $1,174Goodwill and other intangibles
  • $57,868Life insurance assets
  • $2,434All other assets
  • $50,549Total liabilities and capital
  • $44,566Total liabilities
  • $33,854Total deposits
  • $44,566Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $5,772Trading liabilities
  • $0Other borrowed funds
  • $211Subordinated debt
  • $7,319All other liabilities
  • $7,319Total equity capital
  • $7,319Total bank equity capital
  • $0Perpetual preferred stock
  • $100Common stock
  • $4,350Surplus
  • $2,869Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $41Income earned, not collected on loans
  • $41Earning assets
  • $699Long-term assets (5+ years)
  • $52,657Average Assets, year-to-date
  • $18,629Average Assets, quarterly
  • $57,454Volatile liabilities
  • $56,292Insider loans
  • $44,418FHLB advances
  • $56,411Loans and leases held for sale
  • $1,154Unused loan commitments
  • $1,154Tier 1 (core) risk-based capital
  • $6,080Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $10,335Restructured Loans and leases
  • $436Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,528Total interest income
  • $509Total interest expense
  • $2,019Net interest income
  • $2Provision for loan and lease losses
  • $182Total noninterest income
  • $0Fiduciary activities
  • $103Service charges on deposit accounts
  • $0Trading account gains & fees
  • $79Additional noninterest income
  • $1,272Total noninterest expense
  • $765Salaries and employee benefits
  • $176Premises and equipment expense
  • $331Additional noninterest expense
  • $927Pre-tax net operating income
  • -$1Securities gains (losses)
  • $43Applicable income taxes
  • $883Income before extraordinary items
  • $0Extraordinary gains - net
  • $883Net income attributable to bank
  • $0Net charge-offs
  • $883Cash dividends
  • $1Sale, conversion, retirement of capital stock, net
  • $700Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.82%Yield on earning assets
  • 0.97%Cost of funding earning assets
  • 3.85%Net interest margin
  • 0.35%Noninterest income to earning assets
  • 2.43%Noninterest expense to earning assets
  • 1.54%Net operating income to assets
  • 1.54%Return on assets (ROA)
  • 1.61%Pretax return on assets
  • 12.35%Return on equity (ROE)
  • 2.56%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 200.00%Credit loss provision to net charge-offs
  • 929.00%Efficiency ratio
  • 56,792Assets per employee
  • 3.62%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 79.28%Loss allowance to loans
  • 1.02%Loss allowance to noncurrent loans
  • 870.73%Noncurrent assets plus other real estate owned to assets
  • 0.07%Noncurrent loans to loans
  • 0.12%Net loans and leases to deposits
  • 77.94%Net loans and leases to core deposits
  • 80.26%Equity capital to assets
  • 12.65%Core capital (leverage) ratio
  • 10.78%Tier 1 risk-based capital ratio
  • 13.69%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $57,454Average earning assets
  • $7,152Average equity
  • $52,426Average loans

List of branches

  • 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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