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

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

  • General
  • FDIC Certificate #: 4494
    Status: Active
    Federal Reserve ID: 343248
    Date Established: November 11, 1889
    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: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 2970
    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: No
    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: 108 South Hayes Avenue, Primghar, IA 51245
    County: O'brien
    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
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $29.2 mil
    Equity capital: $4.8 mil
    Deposits held in domestic offices: $24.0 mil
    Return on assets (ROA): 0.35% ($0.1 mil)
    Quarterly return on assets: -0.69% (-$0.2 mil)
    Return on Equity (ROE): 1.86% ($0.1 mil)
    Quarterly return on equity: -4.23% (-$0.2 mil)
    Net income: $0.1 mil
    Quarterly Net income: -$0.1 mil
    Pretax return on assets: 0.35% ($102.3 mil)
    Quarterly Pretax return on assets: -1.22% (-$356.7 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
  • 8Total employees (full-time equivalent)
  • $29,236Total assets
  • $853Cash and due from depository institutions
  • $0Interest-bearing balances
  • $9,488Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $18,331Net loans & leases
  • $274Loan loss allowance
  • $0Trading account assets
  • $94Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $29,236Life insurance assets
  • $470All other assets
  • $24,452Total liabilities and capital
  • $24,020Total liabilities
  • $19,453Total deposits
  • $24,020Interest-bearing deposits
  • $99Deposits held in domestic offices
  • 400.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $32Subordinated debt
  • $4,784All other liabilities
  • $4,784Total equity capital
  • $4,784Total bank equity capital
  • $0Perpetual preferred stock
  • $36Common stock
  • $191Surplus
  • $4,557Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $324Income earned, not collected on loans
  • $0Earning assets
  • $303Long-term assets (5+ years)
  • $27,819Average Assets, year-to-date
  • $4,806Average Assets, quarterly
  • $29,264Volatile liabilities
  • $29,494Insider loans
  • $22,401FHLB advances
  • $29,490Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $4,736Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $4,248Restructured Loans and leases
  • $946Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,251Total interest income
  • $235Total interest expense
  • $1,016Net interest income
  • $0Provision for loan and lease losses
  • $24Total noninterest income
  • $0Fiduciary activities
  • $17Service charges on deposit accounts
  • $0Trading account gains & fees
  • $7Additional noninterest income
  • $938Total noninterest expense
  • $536Salaries and employee benefits
  • $126Premises and equipment expense
  • $276Additional noninterest expense
  • $102Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $102Income before extraordinary items
  • $0Extraordinary gains - net
  • $102Net income attributable to bank
  • $0Net charge-offs
  • $102Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $50Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.57%Yield on earning assets
  • 0.86%Cost of funding earning assets
  • 3.71%Net interest margin
  • 0.09%Noninterest income to earning assets
  • 3.42%Noninterest expense to earning assets
  • 0.35%Net operating income to assets
  • 0.35%Return on assets (ROA)
  • 0.35%Pretax return on assets
  • 1.86%Return on equity (ROE)
  • 0.95%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 81,635Assets per employee
  • 3.65%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 49.02%Loss allowance to loans
  • 1.47%Loss allowance to noncurrent loans
  • 84.57%Noncurrent assets plus other real estate owned to assets
  • 1.11%Noncurrent loans to loans
  • 1.74%Net loans and leases to deposits
  • 76.32%Net loans and leases to core deposits
  • 76.32%Equity capital to assets
  • 16.36%Core capital (leverage) ratio
  • 16.06%Tier 1 risk-based capital ratio
  • 21.14%Total risk-based capital ratio
  • Memoranda
  • $22Average assets
  • $29,264Average earning assets
  • $5,488Average equity
  • $27,400Average loans

List of branches

  • 1 Iowa Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    02970The First National Bank Of Primghar108 South Hayes Avenue, Primghar, IA 51245November 11, 1889Full Service Brick and Mortar

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