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

First National Bank, Ames, Iowa - Overview

  • General
  • FDIC Certificate #: 1545
    Status: Active
    Federal Reserve ID: 820048
    Bank Holding Company (Regulatory Top Holder): Ames National Corporation (RSSDID: 1202258, Location: Ames, IA)
    Date Established: May 22, 1903
    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: 4 (Domestic: 4, Interstate: No)
    OTS Docket #: 15907
    FDIC's unique #: 1014
    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: 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: 405 Fifth Street, Ames, IA 50010
    County: Story
    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
    Combined Statistical Area (CSA): Ames-Boone, IA (#112)
    Core Based Statistical Area (CBSA): Ames, IA (#11180)
    CBSA Metro Statistical Area: Ames, IA (#11180)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $560.8 mil
    Equity capital: $61.7 mil
    Deposits held in domestic offices: $461.4 mil
    Return on assets (ROA): 1.40% ($7.9 mil)
    Quarterly return on assets: 1.33% ($7.5 mil)
    Return on Equity (ROE): 13.07% ($8.1 mil)
    Quarterly return on equity: 12.00% ($7.4 mil)
    Net income: $7.5 mil
    Quarterly Net income: $1.8 mil
    Pretax return on assets: 1.84% ($10,317.9 mil)
    Quarterly Pretax return on assets: 1.69% ($9,476.7 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
  • 94Total employees (full-time equivalent)
  • $560,753Total assets
  • $20,092Cash and due from depository institutions
  • $1,551Interest-bearing balances
  • $310,244Securities
  • $8,900Federal funds sold & reverse repurchase agreements
  • $203,646Net loans & leases
  • $3,378Loan loss allowance
  • $0Trading account assets
  • $6,321Bank premises and fixed assets
  • $5,479Other real estate owned
  • $0Goodwill and other intangibles
  • $560,753Life insurance assets
  • $6,071All other assets
  • $499,012Total liabilities and capital
  • $461,430Total liabilities
  • $380,010Total deposits
  • $461,430Interest-bearing deposits
  • $74Deposits held in domestic offices
  • 9701.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $25,000Trading liabilities
  • $0Other borrowed funds
  • $2,881Subordinated debt
  • $61,741All other liabilities
  • $61,741Total equity capital
  • $61,741Total bank equity capital
  • $0Perpetual preferred stock
  • $3,804Common stock
  • $12,046Surplus
  • $45,891Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $479Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,463Income earned, not collected on loans
  • $0Earning assets
  • $2,816Long-term assets (5+ years)
  • $524,341Average Assets, year-to-date
  • $196,052Average Assets, quarterly
  • $538,475Volatile liabilities
  • $554,422Insider loans
  • $413,699FHLB advances
  • $545,591Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $55,906Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $44,912Restructured Loans and leases
  • $427Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $18,192Total interest income
  • $2,977Total interest expense
  • $15,215Net interest income
  • $178Provision for loan and lease losses
  • $3,769Total noninterest income
  • $1,454Fiduciary activities
  • $675Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,640Additional noninterest income
  • $9,412Total noninterest expense
  • $5,278Salaries and employee benefits
  • $1,007Premises and equipment expense
  • $3,127Additional noninterest expense
  • $9,394Pre-tax net operating income
  • $534Securities gains (losses)
  • $2,411Applicable income taxes
  • $7,517Income before extraordinary items
  • $0Extraordinary gains - net
  • $7,517Net income attributable to bank
  • $0Net charge-offs
  • $7,517Cash dividends
  • $56Sale, conversion, retirement of capital stock, net
  • $2,000Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.61%Yield on earning assets
  • 0.59%Cost of funding earning assets
  • 3.02%Net interest margin
  • 0.75%Noninterest income to earning assets
  • 1.87%Noninterest expense to earning assets
  • 1.32%Net operating income to assets
  • 1.40%Return on assets (ROA)
  • 1.84%Pretax return on assets
  • 13.07%Return on equity (ROE)
  • 9.60%Retained earnings to average equity (YTD only)
  • 0.03%Net charge-offs to loans
  • 317.86%Credit loss provision to net charge-offs
  • 170.93%Efficiency ratio
  • 49,579Assets per employee
  • 5.97%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 26.61%Loss allowance to loans
  • 1.63%Loss allowance to noncurrent loans
  • 75.69%Noncurrent assets plus other real estate owned to assets
  • 1.77%Noncurrent loans to loans
  • 2.16%Net loans and leases to deposits
  • 44.13%Net loans and leases to core deposits
  • 47.17%Equity capital to assets
  • 11.01%Core capital (leverage) ratio
  • 10.25%Tier 1 risk-based capital ratio
  • 13.51%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $538,475Average earning assets
  • $57,496Average equity
  • $504,163Average 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
  • $164,976Managed Assets
  • 1Number of Accounts
  • $148,950Personal trust and agency accounts
  • $66,553Employee benefit-defined contribution accounts
  • $8,973Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $3,989Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $65,528Other fiduciary accounts
  • $3,907Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 254Number of Accounts
  • $0Personal trust and agency accounts
  • $3,811Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $16,026Other retirement accounts
  • $2,835Corporate trust and agency accounts
  • $13,191Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 4 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    01014First National Bank, Ames, Iowa405 Fifth Street, Ames, IA 50010May 22, 1903Full Service Brick and Mortar
    1189770University Branch2330 Lincoln Way, Ames, IA 50010August 29, 1967Full Service Brick and Mortar
    4189772North Grand Branch24th Street & Grand Ave, Ames, IA 50010August 06, 1997Full Service Brick and Mortar
    5463396First National Bank, Ankeny Office1205 North Ankeny Boulevard, Ankeny, IA 50021April 16, 2007Full Service Brick and Mortar

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