Northwestern Bank in Orange City, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Northwestern Bank in Orange City, Iowa (IA)
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Northwestern Bank - Overview

  • General
  • FDIC Certificate #: 13411
    Status: Active
    Federal Reserve ID: 274548
    Bank Holding Company (Regulatory Top Holder): Security National Corporation (RSSDID: 1200348, Location: Dakota Dunes, SD)
    Date Established: January 01, 1882
    WWW: http://www.northwesternbankonline.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 12600
    FDIC's unique #: 8445
    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: No
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: April 24, 2006
    Last Structure Change Process Date: May 12, 2006
    Last Data Update: May 12, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 122 Central Avenue Nw, Orange City, IA 51041
    County: Sioux
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Sioux City
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
  • History of Changes
  • Participated in Absorption/Consolidation/Merger
    Change in Location
    Name Change
  • Financial Summary
  • Total assets: $186.0 mil
    Equity capital: $21.3 mil
    Deposits held in domestic offices: $158.6 mil
    Return on assets (ROA): 1.81% ($3.4 mil)
    Quarterly return on assets: 1.46% ($2.7 mil)
    Return on Equity (ROE): 16.47% ($3.5 mil)
    Quarterly return on equity: 13.05% ($2.7 mil)
    Net income: $3.2 mil
    Quarterly Net income: $0.7 mil
    Pretax return on assets: 2.84% ($5,281.5 mil)
    Quarterly Pretax return on assets: 2.35% ($4,370.3 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
  • 31Total employees (full-time equivalent)
  • $185,969Total assets
  • $7,026Cash and due from depository institutions
  • $1,384Interest-bearing balances
  • $6,078Securities
  • $5,225Federal funds sold & reverse repurchase agreements
  • $159,056Net loans & leases
  • $3,114Loan loss allowance
  • $0Trading account assets
  • $1,605Bank premises and fixed assets
  • $0Other real estate owned
  • $1,419Goodwill and other intangibles
  • $185,969Life insurance assets
  • $5,560All other assets
  • $164,697Total liabilities and capital
  • $158,552Total liabilities
  • $126,349Total deposits
  • $158,552Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 1906.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $3,000Trading liabilities
  • $0Other borrowed funds
  • $1,239Subordinated debt
  • $21,272All other liabilities
  • $21,272Total equity capital
  • $21,272Total bank equity capital
  • $0Perpetual preferred stock
  • $655Common stock
  • $11,772Surplus
  • $8,845Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $382Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $916Income earned, not collected on loans
  • $0Earning assets
  • $1,825Long-term assets (5+ years)
  • $171,743Average Assets, year-to-date
  • $57,970Average Assets, quarterly
  • $178,863Volatile liabilities
  • $186,592Insider loans
  • $159,111FHLB advances
  • $181,832Loans and leases held for sale
  • $1,814Unused loan commitments
  • $1,420Tier 1 (core) risk-based capital
  • $19,826Tier 2 risk-based capital
  • $216Total risk weighted assets
  • $178Total unused commitments
  • $58,273Restructured Loans and leases
  • $2,004Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $8,719Total interest income
  • $1,321Total interest expense
  • $7,398Net interest income
  • $0Provision for loan and lease losses
  • $1,448Total noninterest income
  • $0Fiduciary activities
  • $370Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,078Additional noninterest income
  • $3,775Total noninterest expense
  • $2,034Salaries and employee benefits
  • $341Premises and equipment expense
  • $1,400Additional noninterest expense
  • $5,071Pre-tax net operating income
  • $0Securities gains (losses)
  • $1,831Applicable income taxes
  • $3,240Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,240Net income attributable to bank
  • $0Net charge-offs
  • $3,240Cash dividends
  • $646Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.24%Yield on earning assets
  • 0.79%Cost of funding earning assets
  • 4.44%Net interest margin
  • 0.87%Noninterest income to earning assets
  • 2.27%Noninterest expense to earning assets
  • 1.81%Net operating income to assets
  • 1.81%Return on assets (ROA)
  • 2.84%Pretax return on assets
  • 16.47%Return on equity (ROE)
  • 16.47%Retained earnings to average equity (YTD only)
  • 0.41%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 7.85%Efficiency ratio
  • 42,675Assets per employee
  • 6.00%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.92%Loss allowance to noncurrent loans
  • 339.96%Noncurrent assets plus other real estate owned to assets
  • 0.49%Noncurrent loans to loans
  • 0.56%Net loans and leases to deposits
  • 100.32%Net loans and leases to core deposits
  • 106.84%Equity capital to assets
  • 11.44%Core capital (leverage) ratio
  • 10.90%Tier 1 risk-based capital ratio
  • 12.46%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $178,863Average earning assets
  • $19,674Average equity
  • $166,543Average loans

List of branches

  • 3 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    08445Northwestern Bank122 Central Avenue Nw, Orange City, IA 51041January 01, 1882Full Service Brick and Mortar
    1229593Maurice Branch210 Main Street, Maurice, IA 51036December 09, 1935Full Service Brick and Mortar
    35154Sheldon Branch934 Third Avenue, Sheldon, IA 51201January 06, 1928Full Service Brick and Mortar

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