Union National Bank
Anita, IA — Domestic Branch of a Domestic Bank
Acquired Jun 2004
Vitals
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Total Assets47.5M 0.5 %
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Total Deposits36.2M -4.6 %
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Total Net Loans37.9M -6.3 %
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Net Income86000.0000 -17.3 %
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Book Value5.8M 20.7 %
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Book Value x211.6M 20.7 %
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Book Value x317.4M 20.7 %
Balance Sheet Highlights
Financial Highlights | Union National Bank | All Insured Commercial Banks in Iowa |
Balance Sheet $(000) | ||
Total Assets | 47,497 | 86,155 |
Total Net Loans | 37,934 | 53,730 |
Total Deposits | 36,162 | 70,238 |
Total Equity | 5,810 | 8,984 |
Profitability | ||
Net Income | 86 | 303 |
Return on Average Assets | .711 | 1.27 |
Return on Average Equity | 5.983 | 12.221 |
Net Interest Margin | 4.509 | 3.885 |
Efficiency Ratio | 71.81 | 60.454 |
Noninterest Income/Revenue | 8.421 | 10.931 |
Balance Sheet Ratios | ||
Loan-to-Deposit | 104.9 | 73.92 |
Securities/Assets | .078 | .433 |
Total Equity/Total Assets | .122 | .104 |
Tangible Equity/Tangible Assets | .069 | .069 |
Capital Adequacy | ||
Tier 1 Common Capital | — | — |
Tier 1 Capital | 3,245 | 8,146 |
Tier 2 Capital | 455 | 654 |
Total Capital | 3,700 | 8,796 |
Total Risk Weighted Assets | 36,285 | 58,559 |
Leverage Ratio | 7.08 | 9.81 |
Common Equity Tier 1 Capital Ratio | — | — |
Tier 1 Capital Ratio | 8.94 | 14.938 |
Total Capital Ratio | 10.2 | 16.047 |
Timeline for Union National Bank
First Fontanelle Bancorporation
First Fontanelle Bancorporation became a new parent organization for Union National Bank.
View Profile Dec 31 2003Corn Belt State Bank
Acquisition: Union National Bank acquired a new subsidiary, Corn Belt State Bank, 31 years
View Profile Nov 01 1993Farmers Savings Bank
Acquisition: Union National Bank acquired a new subsidiary, Farmers Savings Bank, 39 years
View Profile May 06 1985Corn Belt Bancorporation
Corn Belt Bancorporation became a new parent organization for Union National Bank.
View Profile May 06 1985Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
Fnb Bank | Buyer | 207,018 | Pooling of Interests | Discontinued | 6/28/2004 |
Corn Belt State Bank | Seller | 14,346 | Discontinued | 11/1/1993 | |
Farmers Savings Bank | Seller | 16,920 | Failure | 5/6/1985 |
Relationships | Role | Relationship Start | Relationship End |
First Fontanelle Bancorporation | Parent | 12/31/2003 | 6/27/2004 |
Corn Belt Bancorporation | Parent | 5/6/1985 | 12/30/2003 |
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