First American Bank in Fort Dodge, Iowa (IA), FL
Overview, Financial Summary, Detailed Financial Reports, Branches


  • First American Bank in Fort Dodge, Iowa (IA), FL
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First American Bank routing number info

First American Bank - Overview

  • General
  • FDIC Certificate #: 14808
    Status: Active
    Federal Reserve ID: 653648
    Bank Holding Company (Regulatory Top Holder): Stark Bank Group, Ltd. (RSSDID: 1207431, Location: Fort Dodge, IA)
    Date Established: June 01, 1934
    WWW: http://www.bankfirstamerican.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 18 (Domestic: 18, Interstate: Yes)
    OTS Docket #: 10470
    FDIC's unique #: 9265
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: October 16, 1934
    Last Structure Change Effective Date: December 30, 2006
    Last Structure Change Process Date: January 10, 2007
    Last Data Update: January 10, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 1207 Central Avenue, Fort Dodge, IA 50501
    County: Webster
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Des Moines
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Core Based Statistical Area (CBSA): Fort Dodge, IA (#22700)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $1,369.8 mil
    Equity capital: $86.2 mil
    Deposits held in domestic offices: $1,095.9 mil
    Return on assets (ROA): -2.03% (-$27.8 mil)
    Quarterly return on assets: -0.26% (-$3.6 mil)
    Return on Equity (ROE): -30.21% (-$26.0 mil)
    Quarterly return on equity: -4.18% (-$3.6 mil)
    Net income: -$29.8 mil
    Quarterly Net income: -$0.9 mil
    Pretax return on assets: -1.95% (-$26,711.7 mil)
    Quarterly Pretax return on assets: 0.38% ($5,205.4 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
  • 260Total employees (full-time equivalent)
  • $1,369,830Total assets
  • $216,068Cash and due from depository institutions
  • $184,535Interest-bearing balances
  • $430,757Securities
  • $1,000Federal funds sold & reverse repurchase agreements
  • $604,740Net loans & leases
  • $29,550Loan loss allowance
  • $0Trading account assets
  • $37,599Bank premises and fixed assets
  • $19,014Other real estate owned
  • $3,205Goodwill and other intangibles
  • $1,369,830Life insurance assets
  • $57,447All other assets
  • $1,283,583Total liabilities and capital
  • $1,095,897Total liabilities
  • $914,422Total deposits
  • $1,095,897Interest-bearing deposits
  • $85Deposits held in domestic offices
  • 73840.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $101,706Trading liabilities
  • $0Other borrowed funds
  • $12,140Subordinated debt
  • $86,247All other liabilities
  • $86,247Total equity capital
  • $86,247Total bank equity capital
  • $0Perpetual preferred stock
  • $5,495Common stock
  • $107,123Surplus
  • $-26,371Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $11,061Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $35,748Income earned, not collected on loans
  • $6,231Earning assets
  • $4,299Long-term assets (5+ years)
  • $1,221,032Average Assets, year-to-date
  • $173,887Average Assets, quarterly
  • $1,470,373Volatile liabilities
  • $1,397,824Insider loans
  • $734,062FHLB advances
  • $1,412,787Loans and leases held for sale
  • $22,743Unused loan commitments
  • $22,743Tier 1 (core) risk-based capital
  • $79,253Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $159,768Restructured Loans and leases
  • $1,558Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $47,059Total interest income
  • $15,213Total interest expense
  • $31,846Net interest income
  • $28,805Provision for loan and lease losses
  • $3,342Total noninterest income
  • $2,362Fiduciary activities
  • $2,741Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$1,761Additional noninterest income
  • $36,907Total noninterest expense
  • $17,546Salaries and employee benefits
  • $5,772Premises and equipment expense
  • $13,589Additional noninterest expense
  • -$30,524Pre-tax net operating income
  • $1,800Securities gains (losses)
  • $1,062Applicable income taxes
  • -$29,786Income before extraordinary items
  • $0Extraordinary gains - net
  • -$29,786Net income attributable to bank
  • $0Net charge-offs
  • -$29,786Cash dividends
  • $33,276Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.58%Yield on earning assets
  • 1.16%Cost of funding earning assets
  • 2.42%Net interest margin
  • 0.25%Noninterest income to earning assets
  • 2.81%Noninterest expense to earning assets
  • -2.15%Net operating income to assets
  • -2.03%Return on assets (ROA)
  • -1.95%Pretax return on assets
  • -30.21%Return on equity (ROE)
  • -30.21%Retained earnings to average equity (YTD only)
  • 4.46%Net charge-offs to loans
  • 86.56%Credit loss provision to net charge-offs
  • -0.05%Efficiency ratio
  • 103,015Assets per employee
  • 5.27%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 4.66%Loss allowance to noncurrent loans
  • 82.66%Noncurrent assets plus other real estate owned to assets
  • 4.02%Noncurrent loans to loans
  • 5.64%Net loans and leases to deposits
  • 55.18%Net loans and leases to core deposits
  • 63.64%Equity capital to assets
  • 6.30%Core capital (leverage) ratio
  • 5.61%Tier 1 risk-based capital ratio
  • 10.80%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $1,470,373Average earning assets
  • $98,597Average equity
  • $1,314,411Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $393,269Managed Assets
  • 1Number of Accounts
  • $313,980Personal trust and agency accounts
  • $72,872Employee benefit-defined contribution accounts
  • $34,841Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $30,211Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $174,991Other fiduciary accounts
  • $1,065Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 884Number of Accounts
  • $0Personal trust and agency accounts
  • $26,632Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $79,289Other retirement accounts
  • $4,775Corporate trust and agency accounts
  • $71,877Other fiduciary accounts
  • $2,637Fiduciary accounts held in foreign offices

List of branches

  • 4 Florida Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    2157047Naples Branch3701 Tamiami Trail N, Naples, FL 34103August 25, 1997Full Service Brick and Mortar
    22361002Fort Myers Branch9311 College Parkway, Fort Myers, FL 33919October 01, 1999Full Service Brick and Mortar
    25430282Cape Coral Branch804 Cape Coral Parkway East, Cape Coral, FL 33904July 26, 2004Full Service Brick and Mortar
    27493112Pine Ridge Branch3360 Pine Ridge Road, Naples, FL 34109Febuary 09, 2009Full Service Brick and Mortar
  • 14 Iowa Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    09265First American Bank1207 Central Avenue, Fort Dodge, IA 50501June 01, 1934Full Service Brick and Mortar
    3232168Crossroads Branch114 North 27th Street, Fort Dodge, IA 50501September 27, 1976Full Service Brick and Mortar
    62988Webster City Branch635 First Street, Webster City, IA 50595November 15, 1885Full Service Brick and Mortar
    8242069Roland Branch120 North Main, Roland, IA 50236May 11, 1987Full Service Brick and Mortar
    98728Jewell Branch702 Main Street, Jewell, IA 50130March 01, 1913Full Service Brick and Mortar
    11360093Ames Duff Branch1530 South Duff, Ames, IA 50010September 18, 2000Full Service Brick and Mortar
    12360094Clive Branch12333 University Avenue, Clive, IA 50325September 18, 2000Full Service Brick and Mortar
    1310959Beaverdale Branch2805 Beaver Avenue, Des Moines, IA 50310January 13, 1950Full Service Brick and Mortar
    1411805S.W. Ninth Branch4729 Southwest Ninth Street, Des Moines, IA 50315May 16, 1958Full Service Brick and Mortar
    1514206Urbandale Branch7031 Douglas Avenue, Urbandale, IA 50322January 03, 1972Full Service Brick and Mortar
    1675640Sioux City Branch800 Gordon Drive, Sioux City, IA 51101April 27, 1999Full Service Brick and Mortar
    18442435Ankeny Branch2010 N Ankeny Blvd, Ankeny, IA 50021October 18, 2004Full Service Brick and Mortar
    2056843Waukee BranchHighway 6 And Warrior Lane, Waukee, IA 50263July 05, 1996Full Service Brick and Mortar
    26466377Iowa City Branch640 Highway 1 W, Iowa City, IA 52246March 30, 2007Limited Service Mobile

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