First Community Bank in Sidney, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 30, 2011

First Community Bank in Sidney, Iowa (IA)
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First Community Bank - Overview

General
FDIC Certificate #: 5803
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Arbor Bank (#33450)
Federal Reserve ID: 538446
Date Established: January 01, 1891
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
OTS Docket #: 17943
FDIC's unique #: 3964
Numeric code: 33
Regulator: OTS
Insurance Fund Membership: Deposit Insurance Fund (DIF)
FDIC Insured: Yes
Insured Savings Institution: Yes
Deposit Insurance Fund member: Yes
State Chartered: No
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: June 30, 2011
Last Structure Change Process Date: July 07, 2011
Last Data Update: July 07, 2011
Data Source Date: April 05, 2012
Location
Address: 716 Illinois Street, Sidney, IA 51652
County: Fremont
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
Financial Summary
Total assets: $53.9 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, 2010)

Dollar figures in thousands
17Total employees (full-time equivalent)
$51,646Total assets
$1,160Cash and due from depository institutions
$40Interest-bearing balances
$12,294Securities
$0Federal funds sold & reverse repurchase agreements
$36,081Net loans & leases
$438Loan loss allowance
$0Trading account assets
$740Bank premises and fixed assets
$509Other real estate owned
$1Goodwill and other intangibles
$0Life insurance assets
$861All other assets
$51,646Total liabilities and capital
$47,262Total liabilities
$41,931Total deposits
$36,879Interest-bearing deposits
$41,931Deposits held in domestic offices
86.05%% insured (estimated)
$1,400Federal funds purchased & repurchase agreements
$0Trading liabilities
$3,840Other borrowed funds
$0Subordinated debt
$91All other liabilities
$4,384Total equity capital
$4,384Total bank equity capital
$4,384Perpetual preferred stock
$0Common stock
$250Surplus
$2,121Undivided profits
Memoranda
$2,013Noncurrent loans and leases
$4,633Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$882Earning assets
$0Long-term assets (5+ years)
$311Average Assets, year-to-date
$48,415Average Assets, quarterly
$0Volatile liabilities
$57,354Insider loans
$54,669FHLB advances
$17,637Loans and leases held for sale
$0Unused loan commitments
$3,840Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$4,633Total unused commitments
$120Restructured Loans and leases
$438Derivatives

Income and Expense (December 31, 2010)

Dollar figures in thousands
$2,650Total interest income
$779Total interest expense
$1,871Net interest income
$601Provision for loan and lease losses
$77Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$77Additional noninterest income
$2,054Total noninterest expense
$985Salaries and employee benefits
$377Premises and equipment expense
$692Additional noninterest expense
-$707Pre-tax net operating income
$91Securities gains (losses)
-$13Applicable income taxes
-$603Income before extraordinary items
$0Extraordinary gains - net
-$603Net income attributable to bank
$0Net charge-offs
-$603Cash dividends
$640Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2010)

Dollar figures in thousands
Performance Ratios (%, annualized)
4.98%Yield on earning assets
1.47%Cost of funding earning assets
3.52%Net interest margin
0.14%Noninterest income to earning assets
3.86%Noninterest expense to earning assets
-1.21%Net operating income to assets
-1.05%Return on assets (ROA)
-1.07%Pretax return on assets
-12.60%Return on equity (ROE)
-12.60%Retained earnings to average equity (YTD only)
1.63%Net charge-offs to loans
93.91%Credit loss provision to net charge-offs
-0.17%Efficiency ratio
105,339Assets per employee
3.04%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.20%Loss allowance to noncurrent loans
49.66%Noncurrent assets plus other real estate owned to assets
2.69%Noncurrent loans to loans
2.42%Net loans and leases to deposits
86.05%Net loans and leases to core deposits
122.17%Equity capital to assets
8.49%Core capital (leverage) ratio
8.40%Tier 1 risk-based capital ratio
11.76%Total risk-based capital ratio
Memoranda
$13Average assets
$57,354Average earning assets
$4,788Average equity
$53,172Average loans

Total Fiduciary and Related Assets (December 31, 2001)

Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
YesFiduciary powers granted
YesFiduciary or related activity
$1Managed Assets
1Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$0Other retirement accounts
$0Corporate trust and agency accounts
$0Investment management agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
$0Non-managed Assets
1Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$1Other retirement accounts
$1Corporate trust and agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices

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