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


  • First National Bank Midwest in Oskaloosa, Iowa (IA)
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First National Bank Midwest - Overview

  • General
  • FDIC Certificate #: 15484
    Status: Active
    Federal Reserve ID: 68943
    Bank Holding Company (Regulatory Top Holder): It&S Of Iowa, Inc. (RSSDID: 1209967, Location: Oskaloosa, IA)
    Date Established: April 15, 1937
    WWW: http://www.fnbmidwest.com
    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: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 11327
    FDIC's unique #: 9787
    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: April 29, 1937
    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: South Market Street And 2nd Avenue East, Oskaloosa, IA 52577
    County: Mahaska
    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
    Core Based Statistical Area (CBSA): Oskaloosa, IA (#36820)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $100.0 mil
    Equity capital: $11.1 mil
    Deposits held in domestic offices: $88.0 mil
    Return on assets (ROA): 0.23% ($0.2 mil)
    Quarterly return on assets: 0.27% ($0.3 mil)
    Return on Equity (ROE): 2.05% ($0.2 mil)
    Quarterly return on equity: 2.38% ($0.3 mil)
    Net income: $0.2 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.29% ($290.1 mil)
    Quarterly Pretax return on assets: 0.37% ($370.1 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
  • 31Total employees (full-time equivalent)
  • $100,025Total assets
  • $12,645Cash and due from depository institutions
  • $9,991Interest-bearing balances
  • $2,315Securities
  • $1,377Federal funds sold & reverse repurchase agreements
  • $67,078Net loans & leases
  • $1,695Loan loss allowance
  • $0Trading account assets
  • $6,033Bank premises and fixed assets
  • $4,051Other real estate owned
  • $0Goodwill and other intangibles
  • $100,025Life insurance assets
  • $6,526All other assets
  • $88,879Total liabilities and capital
  • $88,021Total liabilities
  • $74,604Total deposits
  • $88,021Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $858Subordinated debt
  • $11,146All other liabilities
  • $11,146Total equity capital
  • $11,146Total bank equity capital
  • $0Perpetual preferred stock
  • $530Common stock
  • $9,250Surplus
  • $1,366Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $112Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,417Income earned, not collected on loans
  • $0Earning assets
  • $472Long-term assets (5+ years)
  • $80,761Average Assets, year-to-date
  • $8,174Average Assets, quarterly
  • $98,768Volatile liabilities
  • $99,583Insider loans
  • $76,023FHLB advances
  • $99,122Loans and leases held for sale
  • $3,228Unused loan commitments
  • $3,228Tier 1 (core) risk-based capital
  • $9,323Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $5,682Restructured Loans and leases
  • $62Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,744Total interest income
  • $721Total interest expense
  • $3,023Net interest income
  • $0Provision for loan and lease losses
  • $954Total noninterest income
  • $0Fiduciary activities
  • $181Service charges on deposit accounts
  • $0Trading account gains & fees
  • $773Additional noninterest income
  • $3,689Total noninterest expense
  • $1,706Salaries and employee benefits
  • $625Premises and equipment expense
  • $1,358Additional noninterest expense
  • $288Pre-tax net operating income
  • $0Securities gains (losses)
  • $62Applicable income taxes
  • $226Income before extraordinary items
  • $0Extraordinary gains - net
  • $226Net income attributable to bank
  • $0Net charge-offs
  • $226Cash dividends
  • -$12Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.76%Yield on earning assets
  • 0.92%Cost of funding earning assets
  • 3.84%Net interest margin
  • 1.21%Noninterest income to earning assets
  • 4.69%Noninterest expense to earning assets
  • 0.23%Net operating income to assets
  • 0.23%Return on assets (ROA)
  • 0.29%Pretax return on assets
  • 2.05%Return on equity (ROE)
  • 2.05%Retained earnings to average equity (YTD only)
  • -0.02%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 92,758Assets per employee
  • 3.23%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.46%Loss allowance to noncurrent loans
  • 38.37%Noncurrent assets plus other real estate owned to assets
  • 8.47%Noncurrent loans to loans
  • 6.42%Net loans and leases to deposits
  • 76.21%Net loans and leases to core deposits
  • 76.93%Equity capital to assets
  • 11.14%Core capital (leverage) ratio
  • 9.41%Tier 1 risk-based capital ratio
  • 12.26%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $98,768Average earning assets
  • $11,025Average equity
  • $78,677Average loans

Total Fiduciary and Related Assets (December 31, 2006)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $798Managed Assets
  • 1Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 6Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $798Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $798Fiduciary accounts held in foreign offices

List of branches

  • 3 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    09787First National Bank MidwestSouth Market Street And 2nd Avenue East, Oskaloosa, IA 52577April 15, 1937Full Service Brick and Mortar
    29737What Cheer Branch108 South Barnes, What Cheer, IA 50268June 01, 1936Full Service Brick and Mortar
    3441008Galleria Branch6205 Mills Civic Parkway, West Des Moines, IA 50265May 02, 2005Full Service Brick and Mortar

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