Citizens National Bank in Avoca, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 31, 1996

  • Citizens National Bank in Avoca, Iowa (IA)
  • Show street view No street view available for this location

Citizens National Bank - Overview

  • General
  • FDIC Certificate #: 8521
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Midstates Bank, National Association (#4465)
    Federal Reserve ID: 177041
    Date Established: January 01, 1872
    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)
    FDIC's unique #: 5429
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: December 31, 1996
    Last Structure Change Process Date: January 10, 1997
    Last Data Update: January 10, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 405 Elm Street, Avoca, IA 51521
    County: Pottawattamie
    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
    Metropolitan Statistical Area (MSA): Omaha, NE-IA (#5920)
    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)
  • Financial Summary
  • Total assets: $33.1 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $14Total assets
  • $31,597Cash and due from depository institutions
  • $1,557Interest-bearing balances
  • $0Securities
  • $7,519Federal funds sold & reverse repurchase agreements
  • $1,430Net loans & leases
  • $19,987Loan loss allowance
  • $258Trading account assets
  • $0Bank premises and fixed assets
  • $590Other real estate owned
  • $0Goodwill and other intangibles
  • $514Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $31,597Total liabilities
  • $29,126Total deposits
  • $28,844Interest-bearing deposits
  • $25,800Deposits held in domestic offices
  • 28844.00%% insured (estimated)
  • $97Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $282Total equity capital
  • $282Total bank equity capital
  • $2,471Perpetual preferred stock
  • $0Common stock
  • $300Surplus
  • $1,988Undivided profits
  • Memoranda
  • $183Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $41Income earned, not collected on loans
  • $417Earning assets
  • $28,936Long-term assets (5+ years)
  • $3,287Average Assets, year-to-date
  • $29,286Average Assets, quarterly
  • $30,429Volatile liabilities
  • $1,280Insider loans
  • $527FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $2,573Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $2,456Total risk weighted assets
  • $21,350Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $2,170Total interest expense
  • $1,136Net interest income
  • $1,034Provision for loan and lease losses
  • $0Total noninterest income
  • $164Fiduciary activities
  • $0Service charges on deposit accounts
  • $109Trading account gains & fees
  • $0Additional noninterest income
  • $55Total noninterest expense
  • $987Salaries and employee benefits
  • $468Premises and equipment expense
  • $220Additional noninterest expense
  • $299Pre-tax net operating income
  • $211Securities gains (losses)
  • -$15Applicable income taxes
  • $40Income before extraordinary items
  • $156Extraordinary gains - net
  • $0Net income attributable to bank
  • $156Net charge-offs
  • $8Cash dividends
  • $75Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1995)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.98%Cost of funding earning assets
  • 4.18%Net interest margin
  • 3.80%Noninterest income to earning assets
  • 0.60%Noninterest expense to earning assets
  • 3.63%Net operating income to assets
  • 0.57%Return on assets (ROA)
  • 0.53%Pretax return on assets
  • 0.67%Return on equity (ROE)
  • 6.72%Retained earnings to average equity (YTD only)
  • 3.49%Net charge-offs to loans
  • 0.04%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 82,387Assets per employee
  • 2.26%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 48.08%Loss allowance to loans
  • 1.27%Loss allowance to noncurrent loans
  • 629.27%Noncurrent assets plus other real estate owned to assets
  • 0.13%Noncurrent loans to loans
  • 0.20%Net loans and leases to deposits
  • 69.29%Net loans and leases to core deposits
  • 72.51%Equity capital to assets
  • 7.82%Core capital (leverage) ratio
  • 8.08%Tier 1 risk-based capital ratio
  • 11.50%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $29,286Average earning assets
  • $2,321Average equity
  • $27,192Average loans

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