First American Bank in Webster City, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 18, 2000

First American Bank in Webster City, Iowa (IA)
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First American Bank - Overview

General
FDIC Certificate #: 4521
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First American Bank (#14808)
Federal Reserve ID: 499248
Date Established: November 15, 1885
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 1 (Interstate: No)
OTS Docket #: 13224
FDIC's unique #: 2988
Numeric code: 13
Regulator: FED
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: September 18, 2000
Last Structure Change Process Date: November 03, 2000
Last Data Update: November 03, 2000
Data Source Date: April 05, 2012
Location
Address: 635 First Street, Webster City, IA 50595
County: Hamilton
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
Financial Summary
Total assets: $88.8 mil

1992 - 1999 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, 1999)

Dollar figures in thousands
27Total employees (full-time equivalent)
$91,583Total assets
$1,973Cash and due from depository institutions
$7Interest-bearing balances
$24,951Securities
$2,040Federal funds sold & reverse repurchase agreements
$58,263Net loans & leases
$988Loan loss allowance
$0Trading account assets
$1,163Bank premises and fixed assets
$0Other real estate owned
$1,738Goodwill and other intangibles
$0Life insurance assets
$1,455All other assets
$91,583Total liabilities and capital
$82,561Total liabilities
$77,330Total deposits
$71,290Interest-bearing deposits
$77,330Deposits held in domestic offices
0.00%% insured (estimated)
$2,098Federal funds purchased & repurchase agreements
$0Trading liabilities
$2,191Other borrowed funds
$0Subordinated debt
$942All other liabilities
$9,022Total equity capital
$9,022Total bank equity capital
$9,022Perpetual preferred stock
$0Common stock
$500Surplus
$7,394Undivided profits
Memoranda
$1,128Noncurrent loans and leases
$11,318Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$203Earning assets
$0Long-term assets (5+ years)
$1,023Average Assets, year-to-date
$85,261Average Assets, quarterly
$6,450Volatile liabilities
$92,727Insider loans
$92,473FHLB advances
$11,912Loans and leases held for sale
$25Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$11,318Total unused commitments
$0Restructured Loans and leases
$795Derivatives

Income and Expense (December 31, 1999)

Dollar figures in thousands
$6,240Total interest income
$3,011Total interest expense
$3,229Net interest income
$0Provision for loan and lease losses
$481Total noninterest income
$0Fiduciary activities
$265Service charges on deposit accounts
$0Trading account gains & fees
$216Additional noninterest income
$2,380Total noninterest expense
$1,078Salaries and employee benefits
$319Premises and equipment expense
$983Additional noninterest expense
$1,330Pre-tax net operating income
$5Securities gains (losses)
$468Applicable income taxes
$867Income before extraordinary items
$0Extraordinary gains - net
$867Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$19Sale, conversion, retirement of capital stock, net
$582Net operating income

Performance and Condition Ratios (December 31, 1999)

Dollar figures in thousands
Performance Ratios (%, annualized)
7.33%Yield on earning assets
3.54%Cost of funding earning assets
3.79%Net interest margin
0.56%Noninterest income to earning assets
2.79%Noninterest expense to earning assets
0.93%Net operating income to assets
0.94%Return on assets (ROA)
1.44%Pretax return on assets
9.67%Return on equity (ROE)
3.18%Retained earnings to average equity (YTD only)
0.03%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
70.00%Efficiency ratio
61,779Assets per employee
3.39%Cash dividends to net income (YTD only)
Condition Ratios (%)
67.13%Loss allowance to loans
1.67%Loss allowance to noncurrent loans
486.70%Noncurrent assets plus other real estate owned to assets
0.22%Noncurrent loans to loans
0.34%Net loans and leases to deposits
75.34%Net loans and leases to core deposits
86.30%Equity capital to assets
9.85%Core capital (leverage) ratio
7.98%Tier 1 risk-based capital ratio
11.77%Total risk-based capital ratio
Memoranda
$13Average assets
$92,727Average earning assets
$8,969Average equity
$85,164Average loans

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