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

First National Bank of Muscatine - Overview

  • General
  • FDIC Certificate #: 961
    Status: Active
    Federal Reserve ID: 893248
    Bank Holding Company (Regulatory Top Holder): Iowa First Bancshares Corp. (RSSDID: 1245385, Location: Muscatine, IA)
    Date Established: January 01, 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: 5 (Domestic: 5, Interstate: No)
    OTS Docket #: 12434
    FDIC's unique #: 629
    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: 300 East Second Street, Muscatine, IA 52761
    County: Muscatine
    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): Muscatine, IA (#34700)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $292.0 mil
    Equity capital: $29.6 mil
    Deposits held in domestic offices: $252.7 mil
    Return on assets (ROA): 0.88% ($2.6 mil)
    Quarterly return on assets: 0.83% ($2.4 mil)
    Return on Equity (ROE): 8.83% ($2.6 mil)
    Quarterly return on equity: 8.21% ($2.5 mil)
    Net income: $2.6 mil
    Quarterly Net income: $0.6 mil
    Pretax return on assets: 1.31% ($3,825.0 mil)
    Quarterly Pretax return on assets: 1.19% ($3,474.6 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
  • 78Total employees (full-time equivalent)
  • $291,985Total assets
  • $44,251Cash and due from depository institutions
  • $39,039Interest-bearing balances
  • $19,391Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $215,847Net loans & leases
  • $4,148Loan loss allowance
  • $0Trading account assets
  • $4,278Bank premises and fixed assets
  • $85Other real estate owned
  • $563Goodwill and other intangibles
  • $291,985Life insurance assets
  • $7,570All other assets
  • $262,432Total liabilities and capital
  • $252,699Total liabilities
  • $214,546Total deposits
  • $252,699Interest-bearing deposits
  • $83Deposits held in domestic offices
  • 6578.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $1,453Trading liabilities
  • $0Other borrowed funds
  • $1,702Subordinated debt
  • $29,553All other liabilities
  • $29,553Total equity capital
  • $29,553Total bank equity capital
  • $0Perpetual preferred stock
  • $2,000Common stock
  • $2,000Surplus
  • $25,553Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $7,744Income earned, not collected on loans
  • $0Earning assets
  • $1,090Long-term assets (5+ years)
  • $274,277Average Assets, year-to-date
  • $59,530Average Assets, quarterly
  • $293,280Volatile liabilities
  • $291,267Insider loans
  • $204,759FHLB advances
  • $295,312Loans and leases held for sale
  • $3,958Unused loan commitments
  • $3,958Tier 1 (core) risk-based capital
  • $29,243Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $36,813Restructured Loans and leases
  • $6,932Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $11,787Total interest income
  • $2,794Total interest expense
  • $8,993Net interest income
  • $945Provision for loan and lease losses
  • $2,979Total noninterest income
  • $465Fiduciary activities
  • $857Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,657Additional noninterest income
  • $7,172Total noninterest expense
  • $3,724Salaries and employee benefits
  • $1,148Premises and equipment expense
  • $2,300Additional noninterest expense
  • $3,855Pre-tax net operating income
  • -$3Securities gains (losses)
  • $1,260Applicable income taxes
  • $2,592Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,592Net income attributable to bank
  • $0Net charge-offs
  • $2,592Cash dividends
  • $478Sale, conversion, retirement of capital stock, net
  • $2,400Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.28%Yield on earning assets
  • 1.01%Cost of funding earning assets
  • 3.26%Net interest margin
  • 1.08%Noninterest income to earning assets
  • 2.60%Noninterest expense to earning assets
  • 0.88%Net operating income to assets
  • 0.88%Return on assets (ROA)
  • 1.31%Pretax return on assets
  • 8.83%Return on equity (ROE)
  • 0.65%Retained earnings to average equity (YTD only)
  • 0.22%Net charge-offs to loans
  • 197.70%Credit loss provision to net charge-offs
  • 10.04%Efficiency ratio
  • 59,906Assets per employee
  • 3.74%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 92.59%Loss allowance to loans
  • 1.89%Loss allowance to noncurrent loans
  • 53.56%Noncurrent assets plus other real estate owned to assets
  • 2.68%Noncurrent loans to loans
  • 3.52%Net loans and leases to deposits
  • 85.42%Net loans and leases to core deposits
  • 88.43%Equity capital to assets
  • 10.12%Core capital (leverage) ratio
  • 9.90%Tier 1 risk-based capital ratio
  • 14.28%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $293,280Average earning assets
  • $29,340Average equity
  • $275,536Average 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
  • $55,997Managed Assets
  • 1Number of Accounts
  • $34,612Personal trust and agency accounts
  • $28,916Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $1,158Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $4,538Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 182Number of Accounts
  • $0Personal trust and agency accounts
  • $1,158Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $21,385Other retirement accounts
  • $1,611Corporate trust and agency accounts
  • $7,610Other fiduciary accounts
  • $8,408Fiduciary accounts held in foreign offices

List of branches

  • 5 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0629First National Bank Of Muscatine300 East Second Street, Muscatine, IA 52761January 01, 1934Full Service Brick and Mortar
    2186746Oakview North Branch3107 Highway 61 North, Muscatine, IA 52761June 14, 1971Full Service Brick and Mortar
    4186747The South-End Branch608 Grandview Avenue, Muscatine, IA 52761June 01, 1981Full Service Brick and Mortar
    5186748Wal-Mart Branch3003 North Highway 61, Muscatine, IA 52761June 15, 1997Full Service Retail
    6434104Westside Branch2017 Cedar Plaza Drive, Muscatine, IA 52761December 08, 2004Full Service Brick and Mortar

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