First Heritage Bank in Shenandoah, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Heritage Bank - Overview

  • General
  • FDIC Certificate #: 4457
    Status: Active
    Federal Reserve ID: 618647
    Bank Holding Company (Regulatory Top Holder): First National Bancorp (RSSDID: 2247498, Location: Farragut, IA)
    Date Established: January 01, 1903
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 12314
    FDIC's unique #: 2945
    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: January 01, 1934
    Last Structure Change Effective Date: March 17, 2012
    Last Structure Change Process Date: March 20, 2012
    Last Data Update: March 20, 2012
    Data Source Date: April 05, 2012
  • Location
  • Address: 801 South Fremont, Shenandoah, IA 51601
    County: Page
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Omaha
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
  • History of Changes
  • Change in Supervisory Agency
    Name Change
    Institution Withdraws from FRS (Federal Reserve System)
  • Financial Summary
  • Total assets: $39.0 mil
    Equity capital: $3.9 mil
    Deposits held in domestic offices: $32.8 mil
    Return on assets (ROA): 0.83% ($0.3 mil)
    Quarterly return on assets: 0.71% ($0.3 mil)
    Return on Equity (ROE): 9.04% ($0.4 mil)
    Quarterly return on equity: 6.80% ($0.3 mil)
    Net income: $0.3 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.89% ($347.0 mil)
    Quarterly Pretax return on assets: 0.80% ($311.9 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
  • 10Total employees (full-time equivalent)
  • $38,991Total assets
  • $694Cash and due from depository institutions
  • $0Interest-bearing balances
  • $19,068Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $16,930Net loans & leases
  • $364Loan loss allowance
  • $0Trading account assets
  • $498Bank premises and fixed assets
  • $329Other real estate owned
  • $0Goodwill and other intangibles
  • $38,991Life insurance assets
  • $1,472All other assets
  • $35,066Total liabilities and capital
  • $32,832Total liabilities
  • $27,187Total deposits
  • $32,832Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 1423.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $694Trading liabilities
  • $0Other borrowed funds
  • $117Subordinated debt
  • $3,925All other liabilities
  • $3,925Total equity capital
  • $3,925Total bank equity capital
  • $0Perpetual preferred stock
  • $100Common stock
  • $100Surplus
  • $3,725Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $228Income earned, not collected on loans
  • $0Earning assets
  • $381Long-term assets (5+ years)
  • $35,998Average Assets, year-to-date
  • $13,597Average Assets, quarterly
  • $36,107Volatile liabilities
  • $37,783Insider loans
  • $23,004FHLB advances
  • $38,798Loans and leases held for sale
  • $653Unused loan commitments
  • $653Tier 1 (core) risk-based capital
  • $3,208Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $3,692Restructured Loans and leases
  • $106Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,575Total interest income
  • $316Total interest expense
  • $1,259Net interest income
  • $36Provision for loan and lease losses
  • $213Total noninterest income
  • $0Fiduciary activities
  • $135Service charges on deposit accounts
  • $0Trading account gains & fees
  • $78Additional noninterest income
  • $1,115Total noninterest expense
  • $600Salaries and employee benefits
  • $115Premises and equipment expense
  • $400Additional noninterest expense
  • $321Pre-tax net operating income
  • $0Securities gains (losses)
  • $22Applicable income taxes
  • $299Income before extraordinary items
  • $0Extraordinary gains - net
  • $299Net income attributable to bank
  • $0Net charge-offs
  • $299Cash dividends
  • -$4Sale, conversion, retirement of capital stock, net
  • $80Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.78%Yield on earning assets
  • 0.96%Cost of funding earning assets
  • 3.82%Net interest margin
  • 0.65%Noninterest income to earning assets
  • 3.38%Noninterest expense to earning assets
  • 0.83%Net operating income to assets
  • 0.83%Return on assets (ROA)
  • 0.89%Pretax return on assets
  • 9.04%Return on equity (ROE)
  • 6.62%Retained earnings to average equity (YTD only)
  • -0.02%Net charge-offs to loans
  • -900.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 75,747Assets per employee
  • 3.90%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 26.76%Loss allowance to loans
  • 2.10%Loss allowance to noncurrent loans
  • 159.65%Noncurrent assets plus other real estate owned to assets
  • 1.43%Noncurrent loans to loans
  • 1.32%Net loans and leases to deposits
  • 51.57%Net loans and leases to core deposits
  • 52.73%Equity capital to assets
  • 10.07%Core capital (leverage) ratio
  • 8.27%Tier 1 risk-based capital ratio
  • 13.95%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $36,107Average earning assets
  • $3,308Average equity
  • $32,975Average loans

List of branches

  • 2 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    02945First Heritage Bank801 South Fremont, Shenandoah, IA 51601January 01, 1903Full Service Brick and Mortar
    1203724Farragut Branch612 Hartford Avenue, Farragut, IA 51639November 24, 1995Full Service Brick and Mortar

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