First Heritage Bank in city_name, state_name - Detailed Financial Reports, Location

First Heritage Bank in Shenandoah, Iowa (IA)
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First Heritage Bank routing number info

First Heritage Bank - Overview

General
FDIC Certificate #: 4457
Status: Active
Federal Reserve ID: 618647
Bank Holding Company (Regulatory Top Holder): First National Bancorp (RSSDID: 2247498, Location: Farragut, IA)
Date Established: January 01, 1903
WWW: http://www.fnbshen.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Domestic: 2, Interstate: No)
OTS Docket #: 12314
FDIC's unique #: 2945
Numeric code: 21
Regulator: FDIC
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: Yes
Subchapter S Corporations: Yes
Asset Concentration Hierarchy: Agricultural Specialization
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: March 17, 2012
Last Structure Change Process Date: March 20, 2012
Last Data Update: March 20, 2012
Data Source Date: April 05, 2012
Location
Address: 801 South Fremont, Shenandoah, IA 51601
County: Page
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
History of Changes
Change in Supervisory Agency
Name Change
Institution Withdraws from FRS (Federal Reserve System)
Financial Summary
Total assets: $39.0 mil
Equity capital: $3.9 mil
Deposits held in domestic offices: $32.8 mil
Return on assets (ROA): 0.83% ($0.3 mil)
Quarterly return on assets: 0.71% ($0.3 mil)
Return on Equity (ROE): 9.04% ($0.4 mil)
Quarterly return on equity: 6.80% ($0.3 mil)
Net income: $0.3 mil
Quarterly Net income: $0.1 mil
Pretax return on assets: 0.89% ($347.0 mil)
Quarterly Pretax return on assets: 0.80% ($311.9 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, 2011)

Dollar figures in thousands
10Total employees (full-time equivalent)
$38,991Total assets
$694Cash and due from depository institutions
$0Interest-bearing balances
$19,068Securities
$0Federal funds sold & reverse repurchase agreements
$16,930Net loans & leases
$364Loan loss allowance
$0Trading account assets
$498Bank premises and fixed assets
$329Other real estate owned
$0Goodwill and other intangibles
$38,991Life insurance assets
$1,472All other assets
$35,066Total liabilities and capital
$32,832Total liabilities
$27,187Total deposits
$32,832Interest-bearing deposits
$97Deposits held in domestic offices
1423.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$694Trading liabilities
$0Other borrowed funds
$117Subordinated debt
$3,925All other liabilities
$3,925Total equity capital
$3,925Total bank equity capital
$0Perpetual preferred stock
$100Common stock
$100Surplus
$3,725Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$228Income earned, not collected on loans
$0Earning assets
$381Long-term assets (5+ years)
$35,998Average Assets, year-to-date
$13,597Average Assets, quarterly
$36,107Volatile liabilities
$37,783Insider loans
$23,004FHLB advances
$38,798Loans and leases held for sale
$653Unused loan commitments
$653Tier 1 (core) risk-based capital
$3,208Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$3,692Restructured Loans and leases
$106Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$1,575Total interest income
$316Total interest expense
$1,259Net interest income
$36Provision for loan and lease losses
$213Total noninterest income
$0Fiduciary activities
$135Service charges on deposit accounts
$0Trading account gains & fees
$78Additional noninterest income
$1,115Total noninterest expense
$600Salaries and employee benefits
$115Premises and equipment expense
$400Additional noninterest expense
$321Pre-tax net operating income
$0Securities gains (losses)
$22Applicable income taxes
$299Income before extraordinary items
$0Extraordinary gains - net
$299Net income attributable to bank
$0Net charge-offs
$299Cash dividends
-$4Sale, conversion, retirement of capital stock, net
$80Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
4.78%Yield on earning assets
0.96%Cost of funding earning assets
3.82%Net interest margin
0.65%Noninterest income to earning assets
3.38%Noninterest expense to earning assets
0.83%Net operating income to assets
0.83%Return on assets (ROA)
0.89%Pretax return on assets
9.04%Return on equity (ROE)
6.62%Retained earnings to average equity (YTD only)
-0.02%Net charge-offs to loans
-900.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
75,747Assets per employee
3.90%Cash dividends to net income (YTD only)
Condition Ratios (%)
26.76%Loss allowance to loans
2.10%Loss allowance to noncurrent loans
159.65%Noncurrent assets plus other real estate owned to assets
1.43%Noncurrent loans to loans
1.32%Net loans and leases to deposits
51.57%Net loans and leases to core deposits
52.73%Equity capital to assets
10.07%Core capital (leverage) ratio
8.27%Tier 1 risk-based capital ratio
13.95%Total risk-based capital ratio
Memoranda
$15Average assets
$36,107Average earning assets
$3,308Average equity
$32,975Average loans

List of branches

2 Iowa Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type	Map
0	2945	First Heritage Bank	801 South Fremont, Shenandoah, IA 51601	January 01, 1903	Full Service Brick and Mortar
1	203724	Farragut Branch	612 Hartford Avenue, Farragut, IA 51639	November 24, 1995	Full Service Brick and Mortar

First Heritage Bank in Shenandoah, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Heritage Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

First Heritage Bank in Shenandoah, Iowa (IA)Overview, Financial Summary, Detailed Financial Reports, Branches

First Heritage Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

First Heritage Bank in Shenandoah, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches