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

First National Bank - Overview

  • General
  • FDIC Certificate #: 4519
    Status: Active
    Federal Reserve ID: 376442
    Bank Holding Company (Regulatory Top Holder): First Of Waverly Corporation (RSSDID: 1206395, Location: Waverly, IA)
    Date Established: January 01, 1864
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 6 (Domestic: 6, Interstate: No)
    OTS Docket #: 11913
    FDIC's unique #: 2987
    Numeric code: 3
    Regulator: OCC
    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: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 316 East Bremer Avenue, Waverly, IA 50677
    County: Bremer
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Cedar Rapids
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Core Based Statistical Area (CBSA): Waterloo-Cedar Falls, IA (#47940)
    CBSA Metro Statistical Area: Waterloo-Cedar Falls, IA (#47940)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $287.8 mil
    Equity capital: $31.9 mil
    Deposits held in domestic offices: $248.0 mil
    Return on assets (ROA): 0.88% ($2.5 mil)
    Quarterly return on assets: 0.90% ($2.6 mil)
    Return on Equity (ROE): 7.98% ($2.6 mil)
    Quarterly return on equity: 8.13% ($2.6 mil)
    Net income: $2.5 mil
    Quarterly Net income: $0.6 mil
    Pretax return on assets: 1.25% ($3,598.0 mil)
    Quarterly Pretax return on assets: 1.29% ($3,713.1 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
  • 67Total employees (full-time equivalent)
  • $287,837Total assets
  • $32,669Cash and due from depository institutions
  • $25,201Interest-bearing balances
  • $46,841Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $191,777Net loans & leases
  • $2,808Loan loss allowance
  • $0Trading account assets
  • $5,878Bank premises and fixed assets
  • $375Other real estate owned
  • $1,950Goodwill and other intangibles
  • $287,837Life insurance assets
  • $8,347All other assets
  • $255,911Total liabilities and capital
  • $247,990Total liabilities
  • $204,561Total deposits
  • $247,990Interest-bearing deposits
  • $88Deposits held in domestic offices
  • 1671.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $4,500Trading liabilities
  • $0Other borrowed funds
  • $1,750Subordinated debt
  • $31,926All other liabilities
  • $31,926Total equity capital
  • $31,926Total bank equity capital
  • $0Perpetual preferred stock
  • $750Common stock
  • $5,800Surplus
  • $25,376Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $426Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,922Income earned, not collected on loans
  • $0Earning assets
  • $2,207Long-term assets (5+ years)
  • $263,819Average Assets, year-to-date
  • $26,382Average Assets, quarterly
  • $280,852Volatile liabilities
  • $286,641Insider loans
  • $205,516FHLB advances
  • $284,818Loans and leases held for sale
  • $3,561Unused loan commitments
  • $3,561Tier 1 (core) risk-based capital
  • $29,264Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $59,504Restructured Loans and leases
  • $272Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $12,184Total interest income
  • $2,789Total interest expense
  • $9,395Net interest income
  • $424Provision for loan and lease losses
  • $1,360Total noninterest income
  • $236Fiduciary activities
  • $546Service charges on deposit accounts
  • $0Trading account gains & fees
  • $578Additional noninterest income
  • $6,820Total noninterest expense
  • $4,151Salaries and employee benefits
  • $1,205Premises and equipment expense
  • $1,464Additional noninterest expense
  • $3,511Pre-tax net operating income
  • $0Securities gains (losses)
  • $1,051Applicable income taxes
  • $2,460Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,460Net income attributable to bank
  • $0Net charge-offs
  • $2,460Cash dividends
  • -$49Sale, conversion, retirement of capital stock, net
  • $475Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.70%Yield on earning assets
  • 1.08%Cost of funding earning assets
  • 3.63%Net interest margin
  • 0.53%Noninterest income to earning assets
  • 2.63%Noninterest expense to earning assets
  • 0.88%Net operating income to assets
  • 0.88%Return on assets (ROA)
  • 1.25%Pretax return on assets
  • 7.98%Return on equity (ROE)
  • 6.44%Retained earnings to average equity (YTD only)
  • -0.03%Net charge-offs to loans
  • -865.31%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 63,412Assets per employee
  • 4.30%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 19.31%Loss allowance to loans
  • 1.44%Loss allowance to noncurrent loans
  • 71.60%Noncurrent assets plus other real estate owned to assets
  • 1.49%Noncurrent loans to loans
  • 2.02%Net loans and leases to deposits
  • 77.33%Net loans and leases to core deposits
  • 80.02%Equity capital to assets
  • 11.09%Core capital (leverage) ratio
  • 10.27%Tier 1 risk-based capital ratio
  • 14.24%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $280,852Average earning assets
  • $30,836Average equity
  • $259,004Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $58,071Managed Assets
  • 1Number of Accounts
  • $43,636Personal trust and agency accounts
  • $12,547Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $7,683Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $12,887Other fiduciary accounts
  • $10,519Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 160Number of Accounts
  • $0Personal trust and agency accounts
  • $7,683Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $14,435Other retirement accounts
  • $0Corporate trust and agency accounts
  • $108Other fiduciary accounts
  • $5,064Fiduciary accounts held in foreign offices

List of branches

  • 6 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    02987First National Bank316 East Bremer Avenue, Waverly, IA 50677January 01, 1864Full Service Brick and Mortar
    1203778Waverly Branch921 West Bremer Avenue, Waverly, IA 50677Febuary 18, 1966Full Service Brick and Mortar
    2203779Plainfield Branch620 1st Street, Plainfield, IA 50666August 06, 1998Full Service Brick and Mortar
    4443165Bartels Branch1922 5th Avenue Northwest, Waverly, IA 50677October 12, 2004Limited Service Mobile
    57251Cedar Falls Branch602 Main Street, Cedar Falls, IA 50613May 23, 1917Full Service Brick and Mortar
    6224400West Branch2421 White Tail Drive, Cedar Falls, IA 50613April 16, 1999Full Service Brick and Mortar

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