First Federal Savings Bank of Iowa in Fort Dodge, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches


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

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Change in Primary Regulatory Agency
    Change in Supervisory Agency
    Institution Becomes a Member of FRS (Federal Reserve System)
  • Financial Summary
  • Total 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
  • 141Total employees (full-time equivalent)
  • $434,290Total assets
  • $21,968Cash and due from depository institutions
  • $12,798Interest-bearing balances
  • $67,967Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $313,539Net loans & leases
  • $5,446Loan loss allowance
  • $0Trading account assets
  • $11,604Bank premises and fixed assets
  • $1,750Other real estate owned
  • $1,117Goodwill and other intangibles
  • $434,290Life insurance assets
  • $16,345All other assets
  • $393,645Total liabilities and capital
  • $364,124Total liabilities
  • $341,758Total deposits
  • $364,124Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $27,250Trading liabilities
  • $0Other borrowed funds
  • $2,271Subordinated debt
  • $40,645All other liabilities
  • $40,645Total equity capital
  • $40,645Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $34,642Surplus
  • $6,003Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $1,658Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,328Income earned, not collected on loans
  • $0Earning assets
  • $1,623Long-term assets (5+ years)
  • $394,304Average Assets, year-to-date
  • $120,462Average Assets, quarterly
  • $444,134Volatile liabilities
  • $432,274Insider loans
  • $289,487FHLB advances
  • $448,897Loans and leases held for sale
  • $6,024Unused loan commitments
  • $6,024Tier 1 (core) risk-based capital
  • $39,231Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $21,916Restructured Loans and leases
  • $558Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $20,415Total interest income
  • $5,750Total interest expense
  • $14,665Net interest income
  • $1,735Provision for loan and lease losses
  • $6,899Total noninterest income
  • $0Fiduciary activities
  • $2,970Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3,929Additional noninterest income
  • $16,029Total noninterest expense
  • $7,792Salaries and employee benefits
  • $1,806Premises and equipment expense
  • $6,431Additional noninterest expense
  • $3,800Pre-tax net operating income
  • $136Securities gains (losses)
  • $999Applicable income taxes
  • $2,937Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,937Net income attributable to bank
  • $0Net charge-offs
  • $2,937Cash dividends
  • $2,436Sale, conversion, retirement of capital stock, net
  • $10,200Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.06%Yield on earning assets
  • 1.42%Cost of funding earning assets
  • 3.63%Net interest margin
  • 1.71%Noninterest income to earning assets
  • 3.97%Noninterest expense to earning assets
  • 0.64%Net operating income to assets
  • 0.66%Return on assets (ROA)
  • 0.89%Pretax return on assets
  • 6.27%Return on equity (ROE)
  • -15.50%Retained earnings to average equity (YTD only)
  • 0.75%Net charge-offs to loans
  • 71.22%Credit loss provision to net charge-offs
  • 2.27%Efficiency ratio
  • 73,423Assets per employee
  • 3.08%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 347.29%Loss allowance to loans
  • 1.71%Loss allowance to noncurrent loans
  • 163.64%Noncurrent assets plus other real estate owned to assets
  • 1.17%Noncurrent loans to loans
  • 1.04%Net loans and leases to deposits
  • 86.11%Net loans and leases to core deposits
  • 87.43%Equity capital to assets
  • 9.36%Core capital (leverage) ratio
  • 8.74%Tier 1 risk-based capital ratio
  • 13.55%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $444,134Average earning assets
  • $46,863Average equity
  • $403,694Average loans

List of branches

  • 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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