FDIC Certificate #: 13841 Status: Active Federal Reserve ID: 590145 Date Established: May 15, 1915 Trust Powers Granted: No Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 8653 Numeric code: 3 Regulator: OCC 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: No Subchapter S Corporations: No Asset Concentration Hierarchy: Agricultural Specialization Date of Deposit Insurance: Febuary 02, 1934 Last Structure Change Effective Date: March 31, 2006 Last Structure Change Process Date: November 03, 2006 Last Data Update: November 03, 2006 Data Source Date: April 05, 2012
Location
Address: 101 E Main St, Rembrandt, IA 50576 County: Buena Vista 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 Core Based Statistical Area (CBSA): Storm Lake, IA (#44740) CBSA Micro Statistical Area: Yes
History of Changes
Change in Location
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $52.6 mil Equity capital: $8.4 mil Deposits held in domestic offices: $43.7 mil Return on assets (ROA): 0.92% ($0.5 mil) Quarterly return on assets: 0.56% ($0.3 mil) Return on Equity (ROE): 5.51% ($0.4 mil) Quarterly return on equity: 3.46% ($0.3 mil) Net income: $0.4 mil Quarterly Net income: $0.1 mil Pretax return on assets: 1.36% ($715.7 mil) Quarterly Pretax return on assets: 0.81% ($426.3 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
8Total employees (full-time equivalent)
$52,627Total assets
$12,691Cash and due from depository institutions
$10,060Interest-bearing balances
$8,623Securities
$0Federal funds sold & reverse repurchase agreements
$30,630Net loans & leases
$417Loan loss allowance
$0Trading account assets
$91Bank premises and fixed assets
$42Other real estate owned
$0Goodwill and other intangibles
$52,627Life insurance assets
$550All other assets
$44,260Total liabilities and capital
$43,656Total liabilities
$37,995Total deposits
$43,656Interest-bearing deposits
$91Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$413Trading liabilities
$0Other borrowed funds
$191Subordinated debt
$8,367All other liabilities
$8,367Total equity capital
$8,367Total bank equity capital
$0Perpetual preferred stock
$22Common stock
$134Surplus
$8,211Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$550Income earned, not collected on loans
$0Earning assets
$435Long-term assets (5+ years)
$49,313Average Assets, year-to-date
$4,415Average Assets, quarterly
$48,775Volatile liabilities
$51,077Insider loans
$31,687FHLB advances
$52,161Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$8,258Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$369Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$1,833Total interest income
$448Total interest expense
$1,385Net interest income
$20Provision for loan and lease losses
$79Total noninterest income
$0Fiduciary activities
$33Service charges on deposit accounts
$0Trading account gains & fees
$46Additional noninterest income
$782Total noninterest expense
$505Salaries and employee benefits
$66Premises and equipment expense
$211Additional noninterest expense
$662Pre-tax net operating income
$0Securities gains (losses)
$214Applicable income taxes
$448Income before extraordinary items
$0Extraordinary gains - net
$448Net income attributable to bank
$0Net charge-offs
$448Cash dividends
$56Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
3.98%Yield on earning assets
0.97%Cost of funding earning assets
3.01%Net interest margin
0.17%Noninterest income to earning assets
1.70%Noninterest expense to earning assets
0.92%Net operating income to assets
0.92%Return on assets (ROA)
1.36%Pretax return on assets
5.51%Return on equity (ROE)
5.51%Retained earnings to average equity (YTD only)
0.19%Net charge-offs to loans
35.71%Credit loss provision to net charge-offs
12.18%Efficiency ratio
53,415Assets per employee
6.58%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.34%Loss allowance to noncurrent loans
75.82%Noncurrent assets plus other real estate owned to assets
1.12%Noncurrent loans to loans
1.77%Net loans and leases to deposits
70.16%Net loans and leases to core deposits
71.14%Equity capital to assets
15.90%Core capital (leverage) ratio
15.83%Tier 1 risk-based capital ratio
26.06%Total risk-based capital ratio
Memoranda
$27Average assets
$48,775Average earning assets
$8,132Average equity
$46,018Average loans
List of branches
1 Iowa Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
8653
The First National Bank Of Rembrandt
101 E Main St, Rembrandt, IA 50576
May 15, 1915
Full Service Brick and Mortar
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