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

The First National Bank of Logan - Overview

  • General
  • FDIC Certificate #: 4476
    Status: Active
    Federal Reserve ID: 754246
    Bank Holding Company (Regulatory Top Holder): Logan Bancorporation, Inc. (RSSDID: 1492282, Location: Logan, IA)
    Date Established: December 01, 1888
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 2956
    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: 323 East 7th Street, Logan, IA 51546
    County: Harrison
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Omaha
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Combined Statistical Area (CSA): Omaha-Council Bluffs-Fremont, NE-IA (#420)
    Core Based Statistical Area (CBSA): Omaha-Council Bluffs, NE-IA (#36540)
    CBSA Metro Statistical Area: Omaha-Council Bluffs, NE-IA (#36540)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $26.9 mil
    Equity capital: $3.7 mil
    Deposits held in domestic offices: $22.9 mil
    Return on assets (ROA): 1.26% ($0.3 mil)
    Quarterly return on assets: 1.49% ($0.4 mil)
    Return on Equity (ROE): 8.97% ($0.4 mil)
    Quarterly return on equity: 10.76% ($0.4 mil)
    Net income: $0.3 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 1.33% ($357.6 mil)
    Quarterly Pretax return on assets: 1.58% ($424.9 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
  • 9Total employees (full-time equivalent)
  • $26,890Total assets
  • $1,081Cash and due from depository institutions
  • $10Interest-bearing balances
  • $2,507Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $22,323Net loans & leases
  • $220Loan loss allowance
  • $0Trading account assets
  • $211Bank premises and fixed assets
  • $85Other real estate owned
  • $0Goodwill and other intangibles
  • $26,890Life insurance assets
  • $683All other assets
  • $23,171Total liabilities and capital
  • $22,917Total liabilities
  • $17,155Total deposits
  • $22,917Interest-bearing deposits
  • $88Deposits held in domestic offices
  • 213.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $41Subordinated debt
  • $3,719All other liabilities
  • $3,719Total equity capital
  • $3,719Total bank equity capital
  • $0Perpetual preferred stock
  • $50Common stock
  • $150Surplus
  • $3,519Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3Income earned, not collected on loans
  • $0Earning assets
  • $441Long-term assets (5+ years)
  • $24,840Average Assets, year-to-date
  • $4,181Average Assets, quarterly
  • $25,565Volatile liabilities
  • $26,564Insider loans
  • $20,762FHLB advances
  • $26,867Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $3,580Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $3,485Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,164Total interest income
  • $84Total interest expense
  • $1,080Net interest income
  • $0Provision for loan and lease losses
  • $120Total noninterest income
  • $0Fiduciary activities
  • $60Service charges on deposit accounts
  • $0Trading account gains & fees
  • $60Additional noninterest income
  • $869Total noninterest expense
  • $532Salaries and employee benefits
  • $133Premises and equipment expense
  • $204Additional noninterest expense
  • $331Pre-tax net operating income
  • $8Securities gains (losses)
  • $17Applicable income taxes
  • $322Income before extraordinary items
  • $0Extraordinary gains - net
  • $322Net income attributable to bank
  • $0Net charge-offs
  • $322Cash dividends
  • $43Sale, conversion, retirement of capital stock, net
  • $250Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.89%Yield on earning assets
  • 0.35%Cost of funding earning assets
  • 4.54%Net interest margin
  • 0.50%Noninterest income to earning assets
  • 3.65%Noninterest expense to earning assets
  • 1.23%Net operating income to assets
  • 1.26%Return on assets (ROA)
  • 1.33%Pretax return on assets
  • 8.97%Return on equity (ROE)
  • 2.01%Retained earnings to average equity (YTD only)
  • 0.22%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 7.70%Efficiency ratio
  • 72,417Assets per employee
  • 2.99%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 77.64%Loss allowance to loans
  • 0.98%Loss allowance to noncurrent loans
  • 7333.33%Noncurrent assets plus other real estate owned to assets
  • 0.33%Noncurrent loans to loans
  • 0.01%Net loans and leases to deposits
  • 97.41%Net loans and leases to core deposits
  • 97.41%Equity capital to assets
  • 13.83%Core capital (leverage) ratio
  • 13.32%Tier 1 risk-based capital ratio
  • 17.24%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $25,565Average earning assets
  • $3,588Average equity
  • $23,812Average loans

List of branches

  • 1 Iowa Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    02956The First National Bank Of Logan323 East 7th Street, Logan, IA 51546December 01, 1888Full Service Brick and Mortar

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