The Citizens First National Bank of Storm Lake in Storm Lake, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches


The Citizens First National Bank of Storm Lake - Overview

  • General
  • FDIC Certificate #: 4511
    Status: Active
    Federal Reserve ID: 424240
    Bank Holding Company (Regulatory Top Holder): Fnc., Inc. (RSSDID: 2511322, Location: Storm Lake, IA)
    Date Established: Febuary 01, 1902
    WWW: http://www.citizensfnb.com
    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: 4 (Domestic: 4, Interstate: No)
    OTS Docket #: 11217
    FDIC's unique #: 2982
    Numeric code: 3
    Regulator: OCC
    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: No
    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: East 5th And Lake Avenue, Storm Lake, IA 50588
    County: Buena Vista
    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
    Core Based Statistical Area (CBSA): Storm Lake, IA (#44740)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $198.9 mil
    Equity capital: $22.4 mil
    Deposits held in domestic offices: $175.8 mil
    Return on assets (ROA): 1.90% ($3.8 mil)
    Quarterly return on assets: 2.31% ($4.6 mil)
    Return on Equity (ROE): 16.24% ($3.6 mil)
    Quarterly return on equity: 19.64% ($4.3 mil)
    Net income: $3.8 mil
    Quarterly Net income: $1.2 mil
    Pretax return on assets: 1.99% ($3,957.5 mil)
    Quarterly Pretax return on assets: 2.41% ($4,792.8 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)
  • $198,871Total assets
  • $7,030Cash and due from depository institutions
  • $67Interest-bearing balances
  • $86,050Securities
  • $4,453Federal funds sold & reverse repurchase agreements
  • $97,741Net loans & leases
  • $907Loan loss allowance
  • $0Trading account assets
  • $1,064Bank premises and fixed assets
  • $25Other real estate owned
  • $0Goodwill and other intangibles
  • $198,871Life insurance assets
  • $2,508All other assets
  • $176,488Total liabilities and capital
  • $175,826Total liabilities
  • $152,194Total deposits
  • $175,826Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $662Subordinated debt
  • $22,383All other liabilities
  • $22,383Total equity capital
  • $22,383Total bank equity capital
  • $0Perpetual preferred stock
  • $1,000Common stock
  • $1,000Surplus
  • $20,383Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $262Income earned, not collected on loans
  • $0Earning assets
  • $1,682Long-term assets (5+ years)
  • $188,311Average Assets, year-to-date
  • $14,976Average Assets, quarterly
  • $201,604Volatile liabilities
  • $203,574Insider loans
  • $117,877FHLB advances
  • $207,068Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $20,366Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $8,302Restructured Loans and leases
  • $1,128Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $8,062Total interest income
  • $1,402Total interest expense
  • $6,660Net interest income
  • $72Provision for loan and lease losses
  • $1,593Total noninterest income
  • $293Fiduciary activities
  • $280Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,020Additional noninterest income
  • $4,158Total noninterest expense
  • $2,565Salaries and employee benefits
  • $435Premises and equipment expense
  • $1,158Additional noninterest expense
  • $4,023Pre-tax net operating income
  • -$2Securities gains (losses)
  • $191Applicable income taxes
  • $3,830Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,830Net income attributable to bank
  • $0Net charge-offs
  • $3,830Cash dividends
  • $50Sale, conversion, retirement of capital stock, net
  • $4,100Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.18%Yield on earning assets
  • 0.73%Cost of funding earning assets
  • 3.46%Net interest margin
  • 0.83%Noninterest income to earning assets
  • 2.16%Noninterest expense to earning assets
  • 1.90%Net operating income to assets
  • 1.90%Return on assets (ROA)
  • 1.99%Pretax return on assets
  • 16.24%Return on equity (ROE)
  • -1.15%Retained earnings to average equity (YTD only)
  • 0.05%Net charge-offs to loans
  • 144.00%Credit loss provision to net charge-offs
  • 81.90%Efficiency ratio
  • 50,382Assets per employee
  • 4.32%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 107.05%Loss allowance to loans
  • 0.92%Loss allowance to noncurrent loans
  • 346.18%Noncurrent assets plus other real estate owned to assets
  • 0.14%Noncurrent loans to loans
  • 0.27%Net loans and leases to deposits
  • 55.59%Net loans and leases to core deposits
  • 56.74%Equity capital to assets
  • 11.26%Core capital (leverage) ratio
  • 9.84%Tier 1 risk-based capital ratio
  • 17.28%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $201,604Average earning assets
  • $23,578Average equity
  • $192,688Average 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
  • $85,295Managed Assets
  • 1Number of Accounts
  • $85,169Personal trust and agency accounts
  • $59,374Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $20,097Other fiduciary accounts
  • $5,698Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 183Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $126Other retirement accounts
  • $8Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 4 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    02982The Citizens First National Bank OfEast 5th And Lake Avenue, Storm Lake, IA 50588Febuary 01, 1902Full Service Brick and Mortar
    1203769East Branch333 Flindt Drive, Storm Lake, IA 50588December 12, 1972Limited Service Facility
    26470Early BranchW Main Street, Early, IA 50535June 01, 1927Full Service Brick and Mortar
    3428550North Branch1821 North Lake Avenue, Storm Lake, IA 50588May 01, 2004Full Service Brick and Mortar

Comment about this bank, ask questions, or add new information about it:

CAPTCHA

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with The Citizens First National Bank of Storm Lake.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents