FDIC Certificate #: 4494 Status: Active Federal Reserve ID: 343248 Date Established: November 11, 1889 WWW:http://www.fnbprimghar.com 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
No
ID
Name
Address
Established
Service Type
Map
0
2970
The First National Bank Of Primghar
108 South Hayes Avenue, Primghar, IA 51245
November 11, 1889
Full Service Brick and Mortar
Comment about this bank, ask questions, or add new information about it:
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 Primghar.
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.
Comment about this bank, ask questions, or add new information about it: