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

First National Bank - Overview

  • General
  • FDIC Certificate #: 954
    Status: Active
    Federal Reserve ID: 617743
    Bank Holding Company (Regulatory Top Holder): First Fontanelle Employee Stock Ownership Plan And Trust (RSSDID: 3696141, Location: Fontanelle, IA)
    Date Established: August 23, 1905
    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)
    FDIC's unique #: 622
    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: Yes
    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: 101 Northeast Hayes, Greenfield, IA 50849
    County: Adair
    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
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $206.6 mil
    Equity capital: $22.4 mil
    Deposits held in domestic offices: $168.8 mil
    Return on assets (ROA): 1.18% ($2.4 mil)
    Quarterly return on assets: 1.49% ($3.1 mil)
    Return on Equity (ROE): 10.27% ($2.3 mil)
    Quarterly return on equity: 13.17% ($2.9 mil)
    Net income: $2.3 mil
    Quarterly Net income: $0.7 mil
    Pretax return on assets: 1.25% ($2,583.1 mil)
    Quarterly Pretax return on assets: 1.57% ($3,244.4 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
  • 48Total employees (full-time equivalent)
  • $206,648Total assets
  • $3,837Cash and due from depository institutions
  • $0Interest-bearing balances
  • $52,020Securities
  • $986Federal funds sold & reverse repurchase agreements
  • $139,071Net loans & leases
  • $1,817Loan loss allowance
  • $0Trading account assets
  • $1,304Bank premises and fixed assets
  • $260Other real estate owned
  • $4,415Goodwill and other intangibles
  • $206,648Life insurance assets
  • $4,755All other assets
  • $184,244Total liabilities and capital
  • $168,791Total liabilities
  • $147,374Total deposits
  • $168,791Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 10734.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $4,007Trading liabilities
  • $0Other borrowed funds
  • $712Subordinated debt
  • $22,404All other liabilities
  • $22,404Total equity capital
  • $22,404Total bank equity capital
  • $0Perpetual preferred stock
  • $200Common stock
  • $11,443Surplus
  • $10,761Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,131Income earned, not collected on loans
  • $210Earning assets
  • $3,233Long-term assets (5+ years)
  • $192,077Average Assets, year-to-date
  • $34,201Average Assets, quarterly
  • $190,371Volatile liabilities
  • $199,798Insider loans
  • $156,449FHLB advances
  • $197,774Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $16,714Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $21,789Restructured Loans and leases
  • $1,504Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $9,214Total interest income
  • $2,055Total interest expense
  • $7,159Net interest income
  • $575Provision for loan and lease losses
  • $1,137Total noninterest income
  • $0Fiduciary activities
  • $554Service charges on deposit accounts
  • $0Trading account gains & fees
  • $583Additional noninterest income
  • $5,348Total noninterest expense
  • $3,425Salaries and employee benefits
  • $320Premises and equipment expense
  • $1,603Additional noninterest expense
  • $2,373Pre-tax net operating income
  • $0Securities gains (losses)
  • $121Applicable income taxes
  • $2,252Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,252Net income attributable to bank
  • $0Net charge-offs
  • $2,252Cash dividends
  • $364Sale, conversion, retirement of capital stock, net
  • $1,685Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.22%Yield on earning assets
  • 1.16%Cost of funding earning assets
  • 4.05%Net interest margin
  • 0.64%Noninterest income to earning assets
  • 3.03%Noninterest expense to earning assets
  • 1.18%Net operating income to assets
  • 1.18%Return on assets (ROA)
  • 1.25%Pretax return on assets
  • 10.27%Return on equity (ROE)
  • 2.59%Retained earnings to average equity (YTD only)
  • 0.27%Net charge-offs to loans
  • 157.97%Credit loss provision to net charge-offs
  • 8.10%Efficiency ratio
  • 63,946Assets per employee
  • 4.31%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 74.82%Loss allowance to loans
  • 1.29%Loss allowance to noncurrent loans
  • 85.27%Noncurrent assets plus other real estate owned to assets
  • 1.16%Noncurrent loans to loans
  • 1.51%Net loans and leases to deposits
  • 82.39%Net loans and leases to core deposits
  • 86.24%Equity capital to assets
  • 10.84%Core capital (leverage) ratio
  • 8.45%Tier 1 risk-based capital ratio
  • 10.68%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $190,371Average earning assets
  • $21,928Average equity
  • $176,615Average loans

List of branches

  • 5 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0622First National Bank101 Northeast Hayes, Greenfield, IA 50849August 23, 1905Full Service Brick and Mortar
    2186736Fontanelle Branch311 5th Street, Fontanelle, IA 50846July 22, 1996Full Service Brick and Mortar
    332587Anita Branch793 Main Street, Anita, IA 50020May 03, 1985Full Service Brick and Mortar
    47898Correctionville Branch504 Driftwood, Correctionville, IA 51016September 07, 1931Full Service Brick and Mortar
    5258626Massena Branch101 Main Street, Massena, IA 50853May 02, 1994Full Service Brick and Mortar

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