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

This bank is inactive as of July 13, 2007

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

  • General
  • FDIC Certificate #: 4485
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Fidelity Bank & Trust (#14382)
    Federal Reserve ID: 265948
    Date Established: October 09, 1899
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 2 (Interstate: No)
    OTS Docket #: 16030
    FDIC's unique #: 2963
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: July 13, 2007
    Last Structure Change Process Date: August 23, 2007
    Last Data Update: August 23, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 1 West Charles Street, Oelwein, IA 50662
    County: Fayette
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Cedar Rapids
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
  • Financial Summary
  • Total assets: $99.8 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, 2006)

  • Dollar figures in thousands
  • 33Total employees (full-time equivalent)
  • $97,665Total assets
  • $1,798Cash and due from depository institutions
  • $36Interest-bearing balances
  • $14,441Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $75,255Net loans & leases
  • $1,068Loan loss allowance
  • $0Trading account assets
  • $2,201Bank premises and fixed assets
  • $192Other real estate owned
  • $2,175Goodwill and other intangibles
  • $0Life insurance assets
  • $1,603All other assets
  • $97,665Total liabilities and capital
  • $88,297Total liabilities
  • $82,125Total deposits
  • $73,964Interest-bearing deposits
  • $82,125Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $2,299Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $3,000Other borrowed funds
  • $0Subordinated debt
  • $873All other liabilities
  • $9,368Total equity capital
  • $9,368Total bank equity capital
  • $9,368Perpetual preferred stock
  • $0Common stock
  • $1,080Surplus
  • $6,352Undivided profits
  • Memoranda
  • $1,936Noncurrent loans and leases
  • $9,979Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $76Earning assets
  • $0Long-term assets (5+ years)
  • $959Average Assets, year-to-date
  • $89,732Average Assets, quarterly
  • $25,801Volatile liabilities
  • $99,338Insider loans
  • $97,229FHLB advances
  • $14,593Loans and leases held for sale
  • $1,342Unused loan commitments
  • $3,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $290Total risk weighted assets
  • $9,979Total unused commitments
  • $0Restructured Loans and leases
  • $953Derivatives

Income and Expense (December 31, 2006)

  • Dollar figures in thousands
  • $5,909Total interest income
  • $2,907Total interest expense
  • $3,002Net interest income
  • $390Provision for loan and lease losses
  • $548Total noninterest income
  • $0Fiduciary activities
  • $341Service charges on deposit accounts
  • $0Trading account gains & fees
  • $207Additional noninterest income
  • $2,662Total noninterest expense
  • $1,357Salaries and employee benefits
  • $450Premises and equipment expense
  • $855Additional noninterest expense
  • $498Pre-tax net operating income
  • -$16Securities gains (losses)
  • $61Applicable income taxes
  • $421Income before extraordinary items
  • $0Extraordinary gains - net
  • $421Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $261Sale, conversion, retirement of capital stock, net
  • $630Net operating income

Performance and Condition Ratios (December 31, 2006)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.47%Yield on earning assets
  • 3.18%Cost of funding earning assets
  • 3.29%Net interest margin
  • 0.60%Noninterest income to earning assets
  • 2.91%Noninterest expense to earning assets
  • 0.44%Net operating income to assets
  • 0.42%Return on assets (ROA)
  • 0.49%Pretax return on assets
  • 4.45%Return on equity (ROE)
  • -2.21%Retained earnings to average equity (YTD only)
  • 0.34%Net charge-offs to loans
  • 149.43%Credit loss provision to net charge-offs
  • 3.40%Efficiency ratio
  • 73,577Assets per employee
  • 2.96%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 149.64%Loss allowance to loans
  • 1.40%Loss allowance to noncurrent loans
  • 1405.26%Noncurrent assets plus other real estate owned to assets
  • 0.27%Noncurrent loans to loans
  • 0.10%Net loans and leases to deposits
  • 91.63%Net loans and leases to core deposits
  • 103.33%Equity capital to assets
  • 9.59%Core capital (leverage) ratio
  • 7.56%Tier 1 risk-based capital ratio
  • 9.49%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $99,338Average earning assets
  • $9,454Average equity
  • $91,329Average loans

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