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

The First National Bank in Creston - Overview

  • General
  • FDIC Certificate #: 4444
    Status: Active
    Federal Reserve ID: 214843
    Bank Holding Company (Regulatory Top Holder): Northwest Financial Corp. (RSSDID: 1978713, Location: Arnolds Park, IA)
    Date Established: January 01, 1871
    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: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 2936
    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: 101 West Adams Street, Creston, IA 50801
    County: Union
    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: $205.0 mil
    Equity capital: $19.4 mil
    Deposits held in domestic offices: $176.3 mil
    Return on assets (ROA): 1.65% ($3.4 mil)
    Quarterly return on assets: 1.52% ($3.1 mil)
    Return on Equity (ROE): 18.08% ($3.4 mil)
    Quarterly return on equity: 16.15% ($3.1 mil)
    Net income: $3.3 mil
    Quarterly Net income: $0.8 mil
    Pretax return on assets: 1.74% ($3,566.2 mil)
    Quarterly Pretax return on assets: 1.60% ($3,279.2 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
  • 72Total employees (full-time equivalent)
  • $204,953Total assets
  • $5,481Cash and due from depository institutions
  • $2,774Interest-bearing balances
  • $35,856Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $152,726Net loans & leases
  • $2,000Loan loss allowance
  • $0Trading account assets
  • $2,262Bank premises and fixed assets
  • $734Other real estate owned
  • $0Goodwill and other intangibles
  • $204,953Life insurance assets
  • $7,894All other assets
  • $185,544Total liabilities and capital
  • $176,260Total liabilities
  • $156,403Total deposits
  • $176,260Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 3391.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $5,000Trading liabilities
  • $0Other borrowed funds
  • $893Subordinated debt
  • $19,409All other liabilities
  • $19,409Total equity capital
  • $19,409Total bank equity capital
  • $0Perpetual preferred stock
  • $990Common stock
  • $1,110Surplus
  • $17,309Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $486Income earned, not collected on loans
  • $0Earning assets
  • $2,338Long-term assets (5+ years)
  • $191,356Average Assets, year-to-date
  • $24,514Average Assets, quarterly
  • $202,249Volatile liabilities
  • $204,344Insider loans
  • $167,478FHLB advances
  • $205,094Loans and leases held for sale
  • $3,273Unused loan commitments
  • $1,273Tier 1 (core) risk-based capital
  • $18,429Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $2,000Total unused commitments
  • $21,375Restructured Loans and leases
  • $7,921Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $9,521Total interest income
  • $1,821Total interest expense
  • $7,700Net interest income
  • $564Provision for loan and lease losses
  • $4,222Total noninterest income
  • $0Fiduciary activities
  • $610Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3,612Additional noninterest income
  • $7,931Total noninterest expense
  • $3,761Salaries and employee benefits
  • $1,040Premises and equipment expense
  • $3,130Additional noninterest expense
  • $3,427Pre-tax net operating income
  • $86Securities gains (losses)
  • $176Applicable income taxes
  • $3,337Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,337Net income attributable to bank
  • $0Net charge-offs
  • $3,337Cash dividends
  • $218Sale, conversion, retirement of capital stock, net
  • $1,668Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.10%Yield on earning assets
  • 0.98%Cost of funding earning assets
  • 4.13%Net interest margin
  • 2.26%Noninterest income to earning assets
  • 4.25%Noninterest expense to earning assets
  • 1.61%Net operating income to assets
  • 1.65%Return on assets (ROA)
  • 1.74%Pretax return on assets
  • 18.08%Return on equity (ROE)
  • 9.04%Retained earnings to average equity (YTD only)
  • 0.15%Net charge-offs to loans
  • 258.72%Credit loss provision to net charge-offs
  • 18.31%Efficiency ratio
  • 66,524Assets per employee
  • 2.85%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 49.99%Loss allowance to loans
  • 1.29%Loss allowance to noncurrent loans
  • 411.52%Noncurrent assets plus other real estate owned to assets
  • 0.60%Noncurrent loans to loans
  • 0.31%Net loans and leases to deposits
  • 86.65%Net loans and leases to core deposits
  • 90.13%Equity capital to assets
  • 9.47%Core capital (leverage) ratio
  • 8.99%Tier 1 risk-based capital ratio
  • 11.00%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $202,249Average earning assets
  • $18,459Average equity
  • $186,560Average loans

List of branches

  • 3 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    02936The First National Bank In Creston101 West Adams Street, Creston, IA 50801January 01, 1871Full Service Brick and Mortar
    132185Afton Branch100 East Railroad Street, Afton, IA 50830March 09, 1985Full Service Brick and Mortar
    3203703Consumer Office801 West Taylor Street, Creston, IA 50801July 05, 1988Full Service Brick and Mortar

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