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

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

  • General
  • FDIC Certificate #: 4482
    Status: Active
    Federal Reserve ID: 242949
    Bank Holding Company (Regulatory Top Holder): United Iowa Bancshares, Inc. (RSSDID: 1200964, Location: Newton, IA)
    Date Established: March 28, 1932
    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 #: 16120
    FDIC's unique #: 2962
    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: Yes
    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: 100 North 2nd Avenue West, Newton, IA 50208
    County: Jasper
    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): Des Moines-Newton-Pella, IA (#218)
    Core Based Statistical Area (CBSA): Newton, IA (#35500)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $78.2 mil
    Equity capital: $7.0 mil
    Deposits held in domestic offices: $70.8 mil
    Return on assets (ROA): 0.64% ($0.5 mil)
    Quarterly return on assets: 0.49% ($0.4 mil)
    Return on Equity (ROE): 6.97% ($0.5 mil)
    Quarterly return on equity: 5.24% ($0.4 mil)
    Net income: $0.5 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.68% ($531.7 mil)
    Quarterly Pretax return on assets: 0.52% ($406.6 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
  • 22Total employees (full-time equivalent)
  • $78,193Total assets
  • $10,343Cash and due from depository institutions
  • $8,200Interest-bearing balances
  • $23,364Securities
  • $2,721Federal funds sold & reverse repurchase agreements
  • $38,650Net loans & leases
  • $454Loan loss allowance
  • $0Trading account assets
  • $1,008Bank premises and fixed assets
  • $125Other real estate owned
  • $0Goodwill and other intangibles
  • $78,193Life insurance assets
  • $1,982All other assets
  • $71,214Total liabilities and capital
  • $70,801Total liabilities
  • $57,906Total deposits
  • $70,801Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $200Trading liabilities
  • $0Other borrowed funds
  • $213Subordinated debt
  • $6,979All other liabilities
  • $6,979Total equity capital
  • $6,979Total bank equity capital
  • $0Perpetual preferred stock
  • $1,000Common stock
  • $1,000Surplus
  • $4,979Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $254Income earned, not collected on loans
  • $0Earning assets
  • $279Long-term assets (5+ years)
  • $72,935Average Assets, year-to-date
  • $12,060Average Assets, quarterly
  • $75,083Volatile liabilities
  • $75,957Insider loans
  • $44,707FHLB advances
  • $71,408Loans and leases held for sale
  • $633Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $6,670Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $633Total unused commitments
  • $2,006Restructured Loans and leases
  • $1,183Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,886Total interest income
  • $350Total interest expense
  • $2,536Net interest income
  • $45Provision for loan and lease losses
  • $300Total noninterest income
  • $0Fiduciary activities
  • $146Service charges on deposit accounts
  • $0Trading account gains & fees
  • $154Additional noninterest income
  • $2,339Total noninterest expense
  • $1,285Salaries and employee benefits
  • $337Premises and equipment expense
  • $717Additional noninterest expense
  • $452Pre-tax net operating income
  • $60Securities gains (losses)
  • $28Applicable income taxes
  • $484Income before extraordinary items
  • $0Extraordinary gains - net
  • $484Net income attributable to bank
  • $0Net charge-offs
  • $484Cash dividends
  • $91Sale, conversion, retirement of capital stock, net
  • $260Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.10%Yield on earning assets
  • 0.50%Cost of funding earning assets
  • 3.60%Net interest margin
  • 0.43%Noninterest income to earning assets
  • 3.32%Noninterest expense to earning assets
  • 0.57%Net operating income to assets
  • 0.64%Return on assets (ROA)
  • 0.68%Pretax return on assets
  • 6.97%Return on equity (ROE)
  • 3.23%Retained earnings to average equity (YTD only)
  • 0.23%Net charge-offs to loans
  • 49.45%Credit loss provision to net charge-offs
  • 5.46%Efficiency ratio
  • 82,475Assets per employee
  • 3.55%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 53.72%Loss allowance to loans
  • 1.16%Loss allowance to noncurrent loans
  • 178.74%Noncurrent assets plus other real estate owned to assets
  • 0.48%Noncurrent loans to loans
  • 0.65%Net loans and leases to deposits
  • 54.59%Net loans and leases to core deposits
  • 55.06%Equity capital to assets
  • 8.93%Core capital (leverage) ratio
  • 9.34%Tier 1 risk-based capital ratio
  • 14.92%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $75,083Average earning assets
  • $6,941Average equity
  • $70,444Average loans

List of branches

  • 2 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    02962First Newton National Bank100 North 2nd Avenue West, Newton, IA 50208March 28, 1932Full Service Brick and Mortar
    2203746Colonial Plaza Branch1819 First Avenue, East, Newton, IA 50208June 27, 1973Full Service Brick and Mortar

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