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


The First National Bank of Rembrandt - Overview

  • General
  • FDIC Certificate #: 13841
    Status: Active
    Federal Reserve ID: 590145
    Date Established: May 15, 1915
    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 #: 8653
    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: Febuary 02, 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 E Main St, Rembrandt, IA 50576
    County: Buena Vista
    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
    Core Based Statistical Area (CBSA): Storm Lake, IA (#44740)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Change in Location
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $52.6 mil
    Equity capital: $8.4 mil
    Deposits held in domestic offices: $43.7 mil
    Return on assets (ROA): 0.92% ($0.5 mil)
    Quarterly return on assets: 0.56% ($0.3 mil)
    Return on Equity (ROE): 5.51% ($0.4 mil)
    Quarterly return on equity: 3.46% ($0.3 mil)
    Net income: $0.4 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 1.36% ($715.7 mil)
    Quarterly Pretax return on assets: 0.81% ($426.3 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)
  • $52,627Total assets
  • $12,691Cash and due from depository institutions
  • $10,060Interest-bearing balances
  • $8,623Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $30,630Net loans & leases
  • $417Loan loss allowance
  • $0Trading account assets
  • $91Bank premises and fixed assets
  • $42Other real estate owned
  • $0Goodwill and other intangibles
  • $52,627Life insurance assets
  • $550All other assets
  • $44,260Total liabilities and capital
  • $43,656Total liabilities
  • $37,995Total deposits
  • $43,656Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $413Trading liabilities
  • $0Other borrowed funds
  • $191Subordinated debt
  • $8,367All other liabilities
  • $8,367Total equity capital
  • $8,367Total bank equity capital
  • $0Perpetual preferred stock
  • $22Common stock
  • $134Surplus
  • $8,211Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $550Income earned, not collected on loans
  • $0Earning assets
  • $435Long-term assets (5+ years)
  • $49,313Average Assets, year-to-date
  • $4,415Average Assets, quarterly
  • $48,775Volatile liabilities
  • $51,077Insider loans
  • $31,687FHLB advances
  • $52,161Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $8,258Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $369Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,833Total interest income
  • $448Total interest expense
  • $1,385Net interest income
  • $20Provision for loan and lease losses
  • $79Total noninterest income
  • $0Fiduciary activities
  • $33Service charges on deposit accounts
  • $0Trading account gains & fees
  • $46Additional noninterest income
  • $782Total noninterest expense
  • $505Salaries and employee benefits
  • $66Premises and equipment expense
  • $211Additional noninterest expense
  • $662Pre-tax net operating income
  • $0Securities gains (losses)
  • $214Applicable income taxes
  • $448Income before extraordinary items
  • $0Extraordinary gains - net
  • $448Net income attributable to bank
  • $0Net charge-offs
  • $448Cash dividends
  • $56Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.98%Yield on earning assets
  • 0.97%Cost of funding earning assets
  • 3.01%Net interest margin
  • 0.17%Noninterest income to earning assets
  • 1.70%Noninterest expense to earning assets
  • 0.92%Net operating income to assets
  • 0.92%Return on assets (ROA)
  • 1.36%Pretax return on assets
  • 5.51%Return on equity (ROE)
  • 5.51%Retained earnings to average equity (YTD only)
  • 0.19%Net charge-offs to loans
  • 35.71%Credit loss provision to net charge-offs
  • 12.18%Efficiency ratio
  • 53,415Assets per employee
  • 6.58%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.34%Loss allowance to noncurrent loans
  • 75.82%Noncurrent assets plus other real estate owned to assets
  • 1.12%Noncurrent loans to loans
  • 1.77%Net loans and leases to deposits
  • 70.16%Net loans and leases to core deposits
  • 71.14%Equity capital to assets
  • 15.90%Core capital (leverage) ratio
  • 15.83%Tier 1 risk-based capital ratio
  • 26.06%Total risk-based capital ratio
  • Memoranda
  • $27Average assets
  • $48,775Average earning assets
  • $8,132Average equity
  • $46,018Average loans

List of branches

  • 1 Iowa Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    08653The First National Bank Of Rembrandt101 E Main St, Rembrandt, IA 50576May 15, 1915Full Service Brick and Mortar

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