GNB Bank in Grundy Center, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

GNB Bank - Overview

  • General
  • FDIC Certificate #: 14079
    Status: Active
    Federal Reserve ID: 724744
    Bank Holding Company (Regulatory Top Holder): Gnb Bancorporation (RSSDID: 1205950, Location: Grundy Center, IA)
    Date Established: March 16, 1934
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 4 (Domestic: 4, Interstate: No)
    OTS Docket #: 10194
    FDIC's unique #: 8802
    Numeric code: 13
    Regulator: FED
    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: March 16, 1934
    Last Structure Change Effective Date: December 30, 2011
    Last Structure Change Process Date: January 05, 2012
    Last Data Update: January 05, 2012
    Data Source Date: April 05, 2012
  • Location
  • Address: 603 Seventh Street, Grundy Center, IA 50638
    County: Grundy
    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): Waterloo-Cedar Falls, IA (#47940)
    CBSA Metro Statistical Area: Waterloo-Cedar Falls, IA (#47940)
  • History of Changes
  • Corrections
    Change in Primary Regulatory Agency
    Change in Supervisory Agency
  • Financial Summary
  • Total assets: $196.3 mil
    Equity capital: $21.4 mil
    Deposits held in domestic offices: $138.8 mil
    Return on assets (ROA): 1.35% ($2.6 mil)
    Quarterly return on assets: 1.28% ($2.5 mil)
    Return on Equity (ROE): 12.82% ($2.7 mil)
    Quarterly return on equity: 11.70% ($2.5 mil)
    Net income: $2.6 mil
    Quarterly Net income: $0.6 mil
    Pretax return on assets: 1.41% ($2,768.3 mil)
    Quarterly Pretax return on assets: 1.34% ($2,630.9 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
  • 46Total employees (full-time equivalent)
  • $196,336Total assets
  • $5,231Cash and due from depository institutions
  • $2,370Interest-bearing balances
  • $68,863Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $108,992Net loans & leases
  • $1,613Loan loss allowance
  • $0Trading account assets
  • $2,291Bank premises and fixed assets
  • $57Other real estate owned
  • $1,085Goodwill and other intangibles
  • $196,336Life insurance assets
  • $9,817All other assets
  • $174,970Total liabilities and capital
  • $138,775Total liabilities
  • $116,784Total deposits
  • $138,775Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 7862.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $26,298Trading liabilities
  • $0Other borrowed funds
  • $2,035Subordinated debt
  • $21,366All other liabilities
  • $21,366Total equity capital
  • $21,366Total bank equity capital
  • $0Perpetual preferred stock
  • $350Common stock
  • $1,450Surplus
  • $19,566Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $312Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $231Income earned, not collected on loans
  • $0Earning assets
  • $2,071Long-term assets (5+ years)
  • $180,225Average Assets, year-to-date
  • $43,519Average Assets, quarterly
  • $191,543Volatile liabilities
  • $196,132Insider loans
  • $152,012FHLB advances
  • $195,887Loans and leases held for sale
  • $3,794Unused loan commitments
  • $3,794Tier 1 (core) risk-based capital
  • $17,795Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $47,604Restructured Loans and leases
  • $5,332Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $8,004Total interest income
  • $2,380Total interest expense
  • $5,624Net interest income
  • $135Provision for loan and lease losses
  • $3,251Total noninterest income
  • $318Fiduciary activities
  • $238Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,695Additional noninterest income
  • $6,206Total noninterest expense
  • $2,963Salaries and employee benefits
  • $501Premises and equipment expense
  • $2,742Additional noninterest expense
  • $2,534Pre-tax net operating income
  • $160Securities gains (losses)
  • $109Applicable income taxes
  • $2,585Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,585Net income attributable to bank
  • $0Net charge-offs
  • $2,585Cash dividends
  • $97Sale, conversion, retirement of capital stock, net
  • $1,780Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.54%Yield on earning assets
  • 1.35%Cost of funding earning assets
  • 3.19%Net interest margin
  • 1.84%Noninterest income to earning assets
  • 3.52%Noninterest expense to earning assets
  • 1.27%Net operating income to assets
  • 1.35%Return on assets (ROA)
  • 1.41%Pretax return on assets
  • 12.82%Return on equity (ROE)
  • 3.99%Retained earnings to average equity (YTD only)
  • 0.09%Net charge-offs to loans
  • 139.18%Credit loss provision to net charge-offs
  • 27.52%Efficiency ratio
  • 69,927Assets per employee
  • 4.27%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 68.86%Loss allowance to loans
  • 1.46%Loss allowance to noncurrent loans
  • 698.27%Noncurrent assets plus other real estate owned to assets
  • 0.15%Noncurrent loans to loans
  • 0.21%Net loans and leases to deposits
  • 78.54%Net loans and leases to core deposits
  • 91.70%Equity capital to assets
  • 10.88%Core capital (leverage) ratio
  • 9.08%Tier 1 risk-based capital ratio
  • 11.71%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $191,543Average earning assets
  • $20,165Average equity
  • $176,299Average 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
  • $75,751Managed Assets
  • 1Number of Accounts
  • $50,673Personal trust and agency accounts
  • $33,938Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $314Corporate trust and agency accounts
  • $836Investment management agency accounts
  • $15,183Other fiduciary accounts
  • $402Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 186Number of Accounts
  • $0Personal trust and agency accounts
  • $314Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $25,078Other retirement accounts
  • $6,037Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $1,517Fiduciary accounts held in foreign offices

List of branches

  • 4 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    08802Gnb Bank603 Seventh Street, Grundy Center, IA 50638March 16, 1934Full Service Brick and Mortar
    18700Insurance & Investments603 7th St, Grundy Center, IA 50638October 01, 1906Limited Service Administrative
    4442281Messenger Service Branch103 East Center Street, Conrad, IA 50621June 01, 2005Limited Service Messenger
    5453092Conrad Office Branch103 E Center, Conrad, IA 50621December 02, 2005Full Service Brick and Mortar

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