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

First National Bank in Fairfield - Overview

  • General
  • FDIC Certificate #: 13853
    Status: Active
    Federal Reserve ID: 616148
    Bank Holding Company (Regulatory Top Holder): Iowa First Bancshares Corp. (RSSDID: 1245385, Location: Muscatine, IA)
    Date Established: Febuary 07, 1934
    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: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 13109
    FDIC's unique #: 8662
    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: Febuary 07, 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: 100 East Burlington Avenue, Fairfield, IA 52556
    County: Jefferson
    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
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $121.4 mil
    Equity capital: $10.3 mil
    Deposits held in domestic offices: $106.6 mil
    Return on assets (ROA): 1.11% ($1.3 mil)
    Quarterly return on assets: 1.07% ($1.3 mil)
    Return on Equity (ROE): 13.75% ($1.4 mil)
    Quarterly return on equity: 12.78% ($1.3 mil)
    Net income: $1.4 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 1.66% ($2,015.6 mil)
    Quarterly Pretax return on assets: 1.77% ($2,149.2 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
  • 34Total employees (full-time equivalent)
  • $121,423Total assets
  • $10,550Cash and due from depository institutions
  • $4,615Interest-bearing balances
  • $10,083Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $94,627Net loans & leases
  • $1,493Loan loss allowance
  • $0Trading account assets
  • $1,948Bank premises and fixed assets
  • $185Other real estate owned
  • $0Goodwill and other intangibles
  • $121,423Life insurance assets
  • $4,030All other assets
  • $111,131Total liabilities and capital
  • $106,579Total liabilities
  • $81,739Total deposits
  • $106,579Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 1739.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $1,965Trading liabilities
  • $0Other borrowed funds
  • $848Subordinated debt
  • $10,292All other liabilities
  • $10,292Total equity capital
  • $10,292Total bank equity capital
  • $0Perpetual preferred stock
  • $600Common stock
  • $600Surplus
  • $9,092Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $376Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $643Income earned, not collected on loans
  • $0Earning assets
  • $1,153Long-term assets (5+ years)
  • $109,325Average Assets, year-to-date
  • $11,692Average Assets, quarterly
  • $123,377Volatile liabilities
  • $122,510Insider loans
  • $96,846FHLB advances
  • $124,919Loans and leases held for sale
  • $1,965Unused loan commitments
  • $1,797Tier 1 (core) risk-based capital
  • $10,128Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $168Total unused commitments
  • $16,223Restructured Loans and leases
  • $3,319Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,417Total interest income
  • $816Total interest expense
  • $4,601Net interest income
  • $0Provision for loan and lease losses
  • $763Total noninterest income
  • $18Fiduciary activities
  • $298Service charges on deposit accounts
  • $0Trading account gains & fees
  • $447Additional noninterest income
  • $3,314Total noninterest expense
  • $1,697Salaries and employee benefits
  • $519Premises and equipment expense
  • $1,098Additional noninterest expense
  • $2,050Pre-tax net operating income
  • $0Securities gains (losses)
  • $680Applicable income taxes
  • $1,370Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,370Net income attributable to bank
  • $0Net charge-offs
  • $1,370Cash dividends
  • -$1Sale, conversion, retirement of capital stock, net
  • $800Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.89%Yield on earning assets
  • 0.74%Cost of funding earning assets
  • 4.15%Net interest margin
  • 0.69%Noninterest income to earning assets
  • 2.99%Noninterest expense to earning assets
  • 1.11%Net operating income to assets
  • 1.11%Return on assets (ROA)
  • 1.66%Pretax return on assets
  • 13.75%Return on equity (ROE)
  • 5.72%Retained earnings to average equity (YTD only)
  • -0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 61,782Assets per employee
  • 3.57%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 58.39%Loss allowance to loans
  • 1.55%Loss allowance to noncurrent loans
  • 232.19%Noncurrent assets plus other real estate owned to assets
  • 0.68%Noncurrent loans to loans
  • 0.67%Net loans and leases to deposits
  • 88.79%Net loans and leases to core deposits
  • 93.68%Equity capital to assets
  • 8.48%Core capital (leverage) ratio
  • 8.11%Tier 1 risk-based capital ratio
  • 10.46%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $123,377Average earning assets
  • $9,961Average equity
  • $110,770Average 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
  • $6,651Managed Assets
  • 1Number of Accounts
  • $6,651Personal trust and agency accounts
  • $6,651Employee 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
  • 15Number 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
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 2 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    08662First National Bank In Fairfield100 East Burlington Avenue, Fairfield, IA 52556Febuary 07, 1934Full Service Brick and Mortar
    1230347Fairfield Branch1900 West Burlington Avenue, Fairfield, IA 52556April 21, 1997Full Service Brick and Mortar

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