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

This bank is inactive as of April 26, 2010

  • The First National Bank of Akron in Akron, Iowa (IA)
  • Show street view No street view available for this location

The First National Bank of Akron - Overview

  • General
  • FDIC Certificate #: 4421
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: The Security National Bank of Sioux City, Iowa (#4506)
    Federal Reserve ID: 733045
    Date Established: June 01, 1904
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 1 (Interstate: No)
    OTS Docket #: 12469
    FDIC's unique #: 2920
    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: April 26, 2010
    Last Structure Change Process Date: May 14, 2010
    Last Data Update: May 14, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 251 Reed Street, Akron, IA 51001
    County: Plymouth
    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
  • Financial Summary
  • Total assets: $42.4 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, 2009)

  • Dollar figures in thousands
  • 9Total employees (full-time equivalent)
  • $43,285Total assets
  • $4,936Cash and due from depository institutions
  • $4,638Interest-bearing balances
  • $8,847Securities
  • $759Federal funds sold & reverse repurchase agreements
  • $26,969Net loans & leases
  • $775Loan loss allowance
  • $0Trading account assets
  • $237Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $443Life insurance assets
  • $1,537All other assets
  • $43,285Total liabilities and capital
  • $38,814Total liabilities
  • $36,159Total deposits
  • $31,055Interest-bearing deposits
  • $36,159Deposits held in domestic offices
  • 98.05%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $2,200Other borrowed funds
  • $0Subordinated debt
  • $455All other liabilities
  • $4,471Total equity capital
  • $4,471Total bank equity capital
  • $4,471Perpetual preferred stock
  • $0Common stock
  • $500Surplus
  • $1,000Undivided profits
  • Memoranda
  • $2,971Noncurrent loans and leases
  • $5,355Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $164Earning assets
  • $0Long-term assets (5+ years)
  • $427Average Assets, year-to-date
  • $41,213Average Assets, quarterly
  • $9,488Volatile liabilities
  • $43,218Insider loans
  • $42,934FHLB advances
  • $7,450Loans and leases held for sale
  • $965Unused loan commitments
  • $2,200Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $117Total risk weighted assets
  • $5,355Total unused commitments
  • $0Restructured Loans and leases
  • $336Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $2,139Total interest income
  • $853Total interest expense
  • $1,286Net interest income
  • $0Provision for loan and lease losses
  • $579Total noninterest income
  • $0Fiduciary activities
  • $144Service charges on deposit accounts
  • $0Trading account gains & fees
  • $435Additional noninterest income
  • $1,095Total noninterest expense
  • $523Salaries and employee benefits
  • $82Premises and equipment expense
  • $490Additional noninterest expense
  • $770Pre-tax net operating income
  • $0Securities gains (losses)
  • $229Applicable income taxes
  • $541Income before extraordinary items
  • $0Extraordinary gains - net
  • $541Net income attributable to bank
  • $0Net charge-offs
  • $541Cash dividends
  • -$4Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.19%Yield on earning assets
  • 2.07%Cost of funding earning assets
  • 3.12%Net interest margin
  • 1.40%Noninterest income to earning assets
  • 2.65%Noninterest expense to earning assets
  • 1.25%Net operating income to assets
  • 1.25%Return on assets (ROA)
  • 1.78%Pretax return on assets
  • 12.84%Return on equity (ROE)
  • 12.84%Retained earnings to average equity (YTD only)
  • -0.01%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 58,713Assets per employee
  • 4.81%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.79%Loss allowance to noncurrent loans
  • 472.56%Noncurrent assets plus other real estate owned to assets
  • 0.38%Noncurrent loans to loans
  • 0.59%Net loans and leases to deposits
  • 74.58%Net loans and leases to core deposits
  • 88.69%Equity capital to assets
  • 10.33%Core capital (leverage) ratio
  • 10.14%Tier 1 risk-based capital ratio
  • 16.40%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $43,218Average earning assets
  • $4,212Average equity
  • $41,251Average loans

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 First National Bank of Akron.
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