FDIC Certificate #: 14713 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First National Bank (#4503) Federal Reserve ID: 669340 Date Established: August 27, 1934 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 5 (Interstate: No) OTS Docket #: 11524 FDIC's unique #: 9204 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: August 27, 1934 Last Structure Change Effective Date: July 20, 2007 Last Structure Change Process Date: September 13, 2007 Last Data Update: September 13, 2007 Data Source Date: April 05, 2012
Location
Address: 600 Pierce Street, Sioux City, IA 51101 County: Woodbury Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Sioux City Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: Western Metropolitan Statistical Area (MSA): Sioux City, IA-NE (#7720) Combined Statistical Area (CSA): Sioux City-Vermillion, IA-NE-SD (#512) Core Based Statistical Area (CBSA): Sioux City, IA-NE-SD (#43580) CBSA Metro Statistical Area: Sioux City, IA-NE-SD (#43580)
Financial Summary
Total assets: $138.7 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2006)
Dollar figures in thousands
47Total employees (full-time equivalent)
$134,427Total assets
$4,166Cash and due from depository institutions
$44Interest-bearing balances
$26,691Securities
$0Federal funds sold & reverse repurchase agreements
$93,772Net loans & leases
$1,347Loan loss allowance
$0Trading account assets
$3,344Bank premises and fixed assets
$0Other real estate owned
$3,504Goodwill and other intangibles
$198Life insurance assets
$2,950All other assets
$134,427Total liabilities and capital
$121,385Total liabilities
$116,813Total deposits
$100,918Interest-bearing deposits
$116,813Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$3,461Other borrowed funds
$0Subordinated debt
$1,111All other liabilities
$13,042Total equity capital
$13,042Total bank equity capital
$13,042Perpetual preferred stock
$0Common stock
$100Surplus
$12,405Undivided profits
Memoranda
$537Noncurrent loans and leases
$12,770Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,604Earning assets
$0Long-term assets (5+ years)
$1,068Average Assets, year-to-date
$120,507Average Assets, quarterly
$26,083Volatile liabilities
$134,617Insider loans
$134,495FHLB advances
$12,153Loans and leases held for sale
$1,582Unused loan commitments
$3,461Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$12,770Total unused commitments
$807Restructured Loans and leases
$1,255Derivatives
Income and Expense (December 31, 2006)
Dollar figures in thousands
$7,737Total interest income
$3,944Total interest expense
$3,793Net interest income
$100Provision for loan and lease losses
$710Total noninterest income
$0Fiduciary activities
$370Service charges on deposit accounts
$0Trading account gains & fees
$340Additional noninterest income
$4,482Total noninterest expense
$2,464Salaries and employee benefits
$733Premises and equipment expense
$1,285Additional noninterest expense
-$79Pre-tax net operating income
-$26Securities gains (losses)
-$169Applicable income taxes
$64Income before extraordinary items
$0Extraordinary gains - net
$64Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$137Sale, conversion, retirement of capital stock, net
$2,000Net operating income
Performance and Condition Ratios (December 31, 2006)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.39%Yield on earning assets
3.26%Cost of funding earning assets
3.13%Net interest margin
0.59%Noninterest income to earning assets
3.70%Noninterest expense to earning assets
0.06%Net operating income to assets
0.05%Return on assets (ROA)
-0.08%Pretax return on assets
0.45%Return on equity (ROE)
-13.60%Retained earnings to average equity (YTD only)
0.14%Net charge-offs to loans
72.99%Credit loss provision to net charge-offs
0.15%Efficiency ratio
97,735Assets per employee
2.86%Cash dividends to net income (YTD only)
Condition Ratios (%)
3125.00%Loss allowance to loans
1.42%Loss allowance to noncurrent loans
83.98%Noncurrent assets plus other real estate owned to assets
1.19%Noncurrent loans to loans
1.69%Net loans and leases to deposits
80.28%Net loans and leases to core deposits
89.18%Equity capital to assets
9.70%Core capital (leverage) ratio
7.26%Tier 1 risk-based capital ratio
9.43%Total risk-based capital ratio
Memoranda
$11Average assets
$134,617Average earning assets
$14,237Average equity
$121,085Average 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
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