First National Bank
Sioux Center, IA — Domestic Branch of a Domestic Bank
Acquired Oct 2013
Vitals
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Total Assets258.2M -4.3 %
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Total Deposits224.9M -4.6 %
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Total Net Loans170.2M 13.1 %
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Net Income811000.0000 1.1 %
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Book Value31.0M -1.0 %
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Book Value x262.0M -1.0 %
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Book Value x393.0M -1.0 %
Balance Sheet Highlights
Financial Highlights | First National Bank | All Insured Commercial Banks in Iowa |
Balance Sheet $(000) | ||
Total Assets | 258,152 | 159,295 |
Total Net Loans | 170,245 | 97,464 |
Total Deposits | 224,902 | 132,504 |
Total Equity | 31,016 | 16,855 |
Profitability | ||
Net Income | 811 | 1,393 |
Return on Average Assets | .411 | 1.127 |
Return on Average Equity | 3.479 | 10.467 |
Net Interest Margin | 2.991 | 3.526 |
Efficiency Ratio | 88.36 | 60.526 |
Noninterest Income/Revenue | 15.573 | 14.033 |
Balance Sheet Ratios | ||
Loan-to-Deposit | 75.697 | 69.145 |
Securities/Assets | .187 | .255 |
Total Equity/Total Assets | .12 | .106 |
Tangible Equity/Tangible Assets | .094 | .102 |
Capital Adequacy | ||
Tier 1 Common Capital | — | — |
Tier 1 Capital | 24,426 | 16,081 |
Tier 2 Capital | 2,371 | 1,238 |
Total Capital | 26,797 | 17,315 |
Total Risk Weighted Assets | 189,125 | 113,163 |
Leverage Ratio | 10.09 | 10.285 |
Common Equity Tier 1 Capital Ratio | — | — |
Tier 1 Capital Ratio | 12.92 | 15.497 |
Total Capital Ratio | 14.17 | 16.56 |
Timeline for First National Bank
First National Bank
Acquisition: First National Bank acquired a new subsidiary, First National Bank, 16 years
View Profile Jul 21 2007Conover Bancorporation
Conover Bancorporation became a new parent organization for First National Bank.
View Profile Nov 10 2003First Heartland Bancorp
First Heartland Bancorp became a new parent organization for First National Bank.
View Profile Jun 29 1996First National Of Sioux Center Securities, Inc.
First National Of Sioux Center Securities, Inc. became a new subsidiary organization for First National Bank.
View Profile Nov 01 1994Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
Northwest Bank | Buyer | 1,416,722 | Pooling of Interests | Discontinued | 10/12/2013 |
First National Bank | Seller | 138,733 | Pooling of Interests | Discontinued | 7/21/2007 |
Relationships | Role | Relationship Start | Relationship End |
Conover Bancorporation | Parent | 11/10/2003 | 10/11/2013 |
First Heartland Bancorp | Parent | 6/29/1996 | 11/9/2003 |
First Sioux Bancshares, Ltd. | Parent | 7/16/1984 | 6/28/1996 |
First National Of Sioux Center Securities, Inc. | Subsidary | 11/1/1994 | 6/29/1995 |
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