First National Bank in Sioux Center, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • First National Bank in Sioux Center, Iowa (IA)
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First National Bank - Overview

  • General
  • FDIC Certificate #: 4503
    Status: Active
    Federal Reserve ID: 307745
    Bank Holding Company (Regulatory Top Holder): Northwest Financial Corp. (RSSDID: 1978713, Location: Arnolds Park, IA)
    Date Established: January 01, 1904
    WWW: http://www.firstnationalbankiowa.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 5 (Domestic: 5, Interstate: No)
    OTS Docket #: 11983
    FDIC's unique #: 2975
    Numeric code: 3
    Regulator: OCC
    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: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: July 20, 2007
    Last Structure Change Process Date: September 13, 2007
    Last Data Update: September 13, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 242 North Main Avenue, Sioux Center, IA 51250
    County: Sioux
    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
  • History of Changes
  • Participated in Absorption/Consolidation/Merger
    Name Change
  • Financial Summary
  • Total assets: $260.0 mil
    Equity capital: $30.6 mil
    Deposits held in domestic offices: $224.7 mil
    Return on assets (ROA): 0.40% ($1.0 mil)
    Quarterly return on assets: 0.60% ($1.6 mil)
    Return on Equity (ROE): 3.35% ($1.0 mil)
    Quarterly return on equity: 5.05% ($1.6 mil)
    Net income: $1.0 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 0.49% ($1,273.9 mil)
    Quarterly Pretax return on assets: 0.73% ($1,897.8 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
  • 72Total employees (full-time equivalent)
  • $259,977Total assets
  • $24,121Cash and due from depository institutions
  • $11,109Interest-bearing balances
  • $56,538Securities
  • $4,900Federal funds sold & reverse repurchase agreements
  • $154,902Net loans & leases
  • $2,602Loan loss allowance
  • $0Trading account assets
  • $5,734Bank premises and fixed assets
  • $24Other real estate owned
  • $6,804Goodwill and other intangibles
  • $259,977Life insurance assets
  • $6,954All other assets
  • $229,368Total liabilities and capital
  • $224,690Total liabilities
  • $185,687Total deposits
  • $224,690Interest-bearing deposits
  • $87Deposits held in domestic offices
  • 597.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $2,800Trading liabilities
  • $0Other borrowed funds
  • $1,281Subordinated debt
  • $30,609All other liabilities
  • $30,609Total equity capital
  • $30,609Total bank equity capital
  • $0Perpetual preferred stock
  • $720Common stock
  • $25,782Surplus
  • $4,107Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,875Income earned, not collected on loans
  • $0Earning assets
  • $1,229Long-term assets (5+ years)
  • $227,449Average Assets, year-to-date
  • $43,035Average Assets, quarterly
  • $253,090Volatile liabilities
  • $257,953Insider loans
  • $161,520FHLB advances
  • $250,115Loans and leases held for sale
  • $2,859Unused loan commitments
  • $2,859Tier 1 (core) risk-based capital
  • $23,213Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $37,969Restructured Loans and leases
  • $2,340Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $10,693Total interest income
  • $2,440Total interest expense
  • $8,253Net interest income
  • $775Provision for loan and lease losses
  • $1,370Total noninterest income
  • $0Fiduciary activities
  • $514Service charges on deposit accounts
  • $0Trading account gains & fees
  • $856Additional noninterest income
  • $7,724Total noninterest expense
  • $4,615Salaries and employee benefits
  • $938Premises and equipment expense
  • $2,171Additional noninterest expense
  • $1,124Pre-tax net operating income
  • $125Securities gains (losses)
  • $242Applicable income taxes
  • $1,007Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,007Net income attributable to bank
  • $0Net charge-offs
  • $1,007Cash dividends
  • $796Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.72%Yield on earning assets
  • 1.08%Cost of funding earning assets
  • 3.64%Net interest margin
  • 0.60%Noninterest income to earning assets
  • 3.41%Noninterest expense to earning assets
  • 0.36%Net operating income to assets
  • 0.40%Return on assets (ROA)
  • 0.49%Pretax return on assets
  • 3.35%Return on equity (ROE)
  • 3.35%Retained earnings to average equity (YTD only)
  • 0.50%Net charge-offs to loans
  • 97.36%Credit loss provision to net charge-offs
  • 2.39%Efficiency ratio
  • 79,061Assets per employee
  • 3.61%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.65%Loss allowance to noncurrent loans
  • 90.50%Noncurrent assets plus other real estate owned to assets
  • 1.12%Noncurrent loans to loans
  • 1.83%Net loans and leases to deposits
  • 68.94%Net loans and leases to core deposits
  • 70.36%Equity capital to assets
  • 11.77%Core capital (leverage) ratio
  • 9.28%Tier 1 risk-based capital ratio
  • 14.37%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $253,090Average earning assets
  • $30,029Average equity
  • $226,496Average loans

List of branches

  • 5 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    02975First National Bank242 North Main Avenue, Sioux Center, IA 51250January 01, 1904Full Service Brick and Mortar
    29204Sioux City Branch5801 Sunnybrrok Drive, Sioux City, IA 51101August 27, 1934Full Service Brick and Mortar
    3231977North Branch111 Central Avenue Nw, Le Mars, IA 51031July 20, 1998Full Service Brick and Mortar
    4231978Midtown Branch1703 Pierce Street, Sioux City, IA 51105December 17, 1999Limited Service Facility
    6453014South Branch1321 Hawkeye Ave Sw, Le Mars, IA 51031May 20, 2006Full Service Brick and Mortar

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