FIDELITY BANK is headquartered in West Des Moines and is the 258th largest bank in the state of Iowa. It is also the 5,669th largest bank in the nation. It was established in 1927 and as of December of 2013, it had grown to 33 employees at 3 locations. FIDELITY BANK has a B health rating.
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The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 FIDELITY BANK had $1.47 million in non-current loans and owned real-estate with $8.3 million in equity and loan loss allowances on hand to cover it. This gives FIDELITY BANK a Texas Ratio of 17.76% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for FIDELITY BANK decreased slightly from 25.20% as of December 31, 2012 to 17.76% as of December 31, 2013, resulting in a positive change of 29.52%.This indicates that the balance sheet and financial strength for FIDELITY BANK has improved slightly in recent periods.
In the past year, FIDELITY BANK has increased its total deposits by $784,000, resulting in 1.68% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth FIDELITY BANK has shown is above average.
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. FIDELITY BANK has $63.18 million in assets with $8.3 million in equity, resulting in a capitalization level of 13.14%, which is excellent.
|FDIC Certificate #||14251|
|Assets and Liabilities|
|Equity Capital||$7.82 million|
|Loan Loss Allowance||$481,000|
|Unbacked Noncurrent Loans||$67,000|
|Real Estate Owned||$1.41 million|
|Historic Data - December 2012|
|Equity Capital||$7.62 million|
|Loan Loss Allowance||$388,000|
|Real Estate Owned||$2.02 million|
|Profit Margin - Quarterly|
|Net Interest Margin||4.41%|
|Return on Assets||0.85%|
|Return on Equity||6.58%|
|Interest Income||$2.69 million|
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|FIDELITY BANK Locations|
|Huxley Branch||102 National Drive||Huxley, IA 50124|
|Fidelity Bank||177 South Jordan Creek Parkway||West Des Moines, IA 50266|
|Water Street Branch||205 Water Street||Cambridge, IA 50046|