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Overview / Commentary
1207 Central Avenue
Fort Dodge, IA 50501

First American Bank (IA) is headquartered in Fort Dodge and is the 11st largest bank in the state of Iowa. It is also the 577th largest bank in the nation. It was established in 1934 and as of December of 2013, it had grown to 246 employees at 18 locations. First American Bank (IA) has a C+ health rating.

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Data for Q4 2013

Institution Health


Texas Ratio


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 First American Bank (IA) had $30.5 million in non-current loans and owned real-estate with $105.5 million in equity and loan loss allowances on hand to cover it. This gives First American Bank (IA) a Texas Ratio of 28.91% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for First American Bank (IA) decreased slightly from 39.38% as of December 31, 2012 to 28.91% as of December 31, 2013, resulting in a positive change of 26.59%.This indicates that the balance sheet and financial strength for First American Bank (IA) has improved slightly in recent periods.

Deposit Growth


In the past year, First American Bank (IA) has decreased its total deposits by -$39.04 million, resulting in -4.18% 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 First American Bank (IA) has shown is below 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. First American Bank (IA) has $1.15 billion in assets with $105.5 million in equity, resulting in a capitalization level of 9.21%, which is average.

Institution Statistics

FDIC Certificate #14808
Year Established1934
Primary RegulatorFED
Assets and Liabilities
Assets$1.15 billion
Loans$468.87 million
Deposits$893.94 million
Equity Capital$87.55 million
Loan Loss Allowance$17.95 million
Unbacked Noncurrent Loans$13.72 million
Real Estate Owned$16.78 million
Historic Data - December 2012
Assets$1.18 billion
Equity Capital$82.83 million
Loan Loss Allowance$26.20 million
Unbacked Noncurrent Loans$13.72 million
Real Estate Owned$16.71 million
Profit Margin - Quarterly
Net Interest Margin2.21%
Return on Assets0.74%
Return on Equity10.31%
Interest Income$28.67 million

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First American Bank (IA) has 18 locations. Click to view all First American Bank (IA) locations.