First Whitney Bank and Trust in Atlantic, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • First Whitney Bank and Trust in Atlantic, Iowa (IA)
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First Whitney Bank and Trust - Overview

  • General
  • FDIC Certificate #: 254
    Status: Active
    Federal Reserve ID: 740249
    Bank Holding Company (Regulatory Top Holder): Whitney Corporation Of Iowa (RSSDID: 1200571, Location: Atlantic, IA)
    Date Established: January 01, 1907
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 203
    Numeric code: 21
    Regulator: FDIC
    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: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Agricultural 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: 223 Chestnut Street, Atlantic, IA 50022
    County: Cass
    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
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $166.4 mil
    Equity capital: $19.7 mil
    Deposits held in domestic offices: $146.4 mil
    Return on assets (ROA): 2.18% ($3.6 mil)
    Quarterly return on assets: 1.96% ($3.3 mil)
    Return on Equity (ROE): 19.54% ($3.9 mil)
    Quarterly return on equity: 16.61% ($3.3 mil)
    Net income: $3.5 mil
    Quarterly Net income: $0.8 mil
    Pretax return on assets: 2.30% ($3,826.1 mil)
    Quarterly Pretax return on assets: 2.07% ($3,443.5 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
  • 21Total employees (full-time equivalent)
  • $166,354Total assets
  • $8,193Cash and due from depository institutions
  • $4,061Interest-bearing balances
  • $57,198Securities
  • $534Federal funds sold & reverse repurchase agreements
  • $97,279Net loans & leases
  • $436Loan loss allowance
  • $0Trading account assets
  • $476Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $166,354Life insurance assets
  • $2,674All other assets
  • $146,627Total liabilities and capital
  • $146,393Total liabilities
  • $119,334Total deposits
  • $146,393Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $234Subordinated debt
  • $19,727All other liabilities
  • $19,727Total equity capital
  • $19,727Total bank equity capital
  • $0Perpetual preferred stock
  • $600Common stock
  • $4,400Surplus
  • $14,727Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $231Income earned, not collected on loans
  • $0Earning assets
  • $1,595Long-term assets (5+ years)
  • $159,072Average Assets, year-to-date
  • $42,622Average Assets, quarterly
  • $158,671Volatile liabilities
  • $163,173Insider loans
  • $124,589FHLB advances
  • $156,729Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $17,435Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $29,862Restructured Loans and leases
  • $127Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,694Total interest income
  • $1,110Total interest expense
  • $5,584Net interest income
  • $0Provision for loan and lease losses
  • $377Total noninterest income
  • $12Fiduciary activities
  • $234Service charges on deposit accounts
  • $0Trading account gains & fees
  • $131Additional noninterest income
  • $2,308Total noninterest expense
  • $1,553Salaries and employee benefits
  • $240Premises and equipment expense
  • $515Additional noninterest expense
  • $3,653Pre-tax net operating income
  • $0Securities gains (losses)
  • $201Applicable income taxes
  • $3,452Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,452Net income attributable to bank
  • $0Net charge-offs
  • $3,452Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $1,800Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.41%Yield on earning assets
  • 0.73%Cost of funding earning assets
  • 3.68%Net interest margin
  • 0.25%Noninterest income to earning assets
  • 1.52%Noninterest expense to earning assets
  • 2.18%Net operating income to assets
  • 2.18%Return on assets (ROA)
  • 2.30%Pretax return on assets
  • 19.54%Return on equity (ROE)
  • 9.35%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
  • 38,718Assets per employee
  • 7.92%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 52.14%Loss allowance to loans
  • 0.45%Loss allowance to noncurrent loans
  • 188.74%Noncurrent assets plus other real estate owned to assets
  • 0.14%Noncurrent loans to loans
  • 0.24%Net loans and leases to deposits
  • 66.45%Net loans and leases to core deposits
  • 67.68%Equity capital to assets
  • 11.86%Core capital (leverage) ratio
  • 11.12%Tier 1 risk-based capital ratio
  • 13.99%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $158,671Average earning assets
  • $17,667Average equity
  • $151,910Average 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
  • $6,086Managed Assets
  • 1Number of Accounts
  • $5,313Personal trust and agency accounts
  • $2,621Employee benefit-defined contribution accounts
  • $2,692Employee 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
  • 146Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $773Other retirement accounts
  • $773Corporate 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
    0203First Whitney Bank And Trust223 Chestnut Street, Atlantic, IA 50022January 01, 1907Full Service Brick and Mortar
    1181403Drive-In Branch700 Chestnut Street, Atlantic, IA 50022November 01, 1982Limited Service Facility

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