First Federal Savings Bank of Iowa in Fort Dodge, Iowa (IA)



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First Federal Savings Bank of Iowa routing number info

Table of contents:
First Federal Savings Bank of Iowa
GeneralFDIC Certificate #: 30742
Status: Active
Federal Reserve ID: 553177
Bank Holding Company (Regulatory Top Holder): North Central Bancshares, Inc. (RSSDID: 2628426, Location: Fort Dodge, IA)
Date Established: October 01, 1954
WWW: http://www.firstfederaliowa.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 11 (Domestic: 11, Interstate: No)
OTS Docket #: 5843
FDIC's unique #: 43576
Numeric code: 13
Regulator: FED
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: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: November 02, 1954
Last Structure Change Effective Date: August 15, 2011
Last Structure Change Process Date: August 19, 2011
Last Data Update: August 19, 2011
Data Source Date: April 05, 2012
LocationAddress: 825 Central Avenue, Fort Dodge, IA 50501
County: Webster
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
Core Based Statistical Area (CBSA): Fort Dodge, IA (#22700)
CBSA Micro Statistical Area: Yes
History of ChangesChange in Primary Regulatory Agency
Change in Supervisory Agency
Institution Becomes a Member of FRS (Federal Reserve System)
Financial SummaryTotal assets: $434.3 mil
Equity capital: $40.6 mil
Deposits held in domestic offices: $364.1 mil
Return on assets (ROA): 0.66% ($2.9 mil)
Quarterly return on assets: 0.58% ($2.5 mil)
Return on Equity (ROE): 6.27% ($2.6 mil)
Quarterly return on equity: 5.47% ($2.2 mil)
Net income: $2.9 mil
Quarterly Net income: $0.6 mil
Pretax return on assets: 0.89% ($3,865.2 mil)
Quarterly Pretax return on assets: 0.83% ($3,604.6 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)141
Total assets$434,290
Cash and due from depository institutions$21,968
Interest-bearing balances$12,798
Securities$67,967
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$313,539
Loan loss allowance $5,446
Trading account assets$0
Bank premises and fixed assets$11,604
Other real estate owned$1,750
Goodwill and other intangibles$1,117
All other assets$16,345
Life insurance assets$434,290
Total liabilities and capital$393,645
Total liabilities$364,124
Total deposits$341,758
Interest-bearing deposits$364,124
Deposits held in domestic offices$93
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$27,250
Other borrowed funds $0
Subordinated debt $2,271
All other liabilities $40,645
Total equity capital$40,645
Total bank equity capital$40,645
Perpetual preferred stock$0
Common stock$0
Surplus$34,642
Undivided profits $6,003
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $1,658
Income earned, not collected on loans $3,328
Earning assets $0
Long-term assets (5+ years) $1,623
Average Assets, year-to-date $394,304
Average Assets, quarterly $120,462
Volatile liabilities $444,134
Insider loans $432,274
FHLB advances $289,487
Loans and leases held for sale $448,897
Unused loan commitments $6,024
Tier 1 (core) risk-based capital $6,024
Tier 2 risk-based capital $39,231
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $21,916
Derivatives$558
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $20,415
Total interest expense $5,750
Net interest income $14,665
Provision for loan and lease losses $1,735
Total noninterest income $6,899
Fiduciary activities $0
Service charges on deposit accounts $2,970
Trading account gains & fees $0
Additional noninterest income $3,929
Total noninterest expense $16,029
Salaries and employee benefits $7,792
Premises and equipment expense $1,806
Additional noninterest expense $6,431
Pre-tax net operating income $3,800
Securities gains (losses) $136
Applicable income taxes $999
Income before extraordinary items $2,937
Extraordinary gains - net $0
Net income attributable to bank $2,937
Net charge-offs $0
Cash dividends $2,937
Sale, conversion, retirement of capital stock, net $2,436
Net operating income $10,200
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.06%
Cost of funding earning assets 1.42%
Net interest margin 3.63%
Noninterest income to earning assets 1.71%
Noninterest expense to earning assets 3.97%
Net operating income to assets 0.64%
Return on assets (ROA) 0.66%
Pretax return on assets 0.89%
Return on equity (ROE) 6.27%
Retained earnings to average equity (YTD only) -15.50%
Net charge-offs to loans 0.75%
Credit loss provision to net charge-offs 71.22%
Efficiency ratio2.27%
Assets per employee$73,423
Cash dividends to net income (YTD only)3.08%
Condition Ratios (%)
Loss allowance to loans 347.29%
Loss allowance to noncurrent loans 1.71%
Noncurrent assets plus other real estate owned to assets 163.64%
Noncurrent loans to loans 1.17%
Net loans and leases to deposits1.04%
Net loans and leases to core deposits 86.11%
Equity capital to assets 87.43%
Core capital (leverage) ratio 9.36%
Tier 1 risk-based capital ratio 8.74%
Total risk-based capital ratio 13.55%
Memoranda
Average assets$15
Average earning assets$444,134
Average equity $46,863
Average loans $403,694
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11 Iowa Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
043576First Federal Savings Bank Of Iowa825 Central Avenue, Fort Dodge, IA 50501October 01, 1954Full Service Brick and Mortar
1281906404 Lincoln Way Branch404 Lincoln Way, Nevada, IA 50201October 01, 1954Full Service Brick and Mortar
100281907201 South 25th St Branch201 South 25th Street, Fort Dodge, IA 50501October 01, 1954Full Service Brick and Mortar
101281908Ames Branch316 South Duff Avenue, Ames, IA 50010June 30, 1996Full Service Brick and Mortar
10242874321 North Third Street Branch321 North Third Street, Burlington, IA 52601January 01, 1938Full Service Brick and Mortar
103278413Roosevelt & Kirkwood Branch1010 North Roosevelt Avenue, Burlington, IA 52601January 01, 1938Full Service Brick and Mortar
104278414102 S Main Branch102 S. Main, Mt. Pleasant, IA 52641March 01, 1992Full Service Brick and Mortar
105359773Perry Branch1111 141st Street, Perry, IA 50220June 01, 1999Full Service Brick and Mortar
106366366Ankeny Branch2110 Southeast Delaware Street, Ankeny, IA 50021March 01, 2002Full Service Brick and Mortar
107445681Clive Branch13150 Hickman Road, Clive, IA 50325March 15, 2004Full Service Brick and Mortar
108495470West Des Moines Branch120 S 68th St, West Des Moines, IA 50266August 01, 2006Full Service Brick and Mortar
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