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Overview / Commentary
101 Northeast Hayes
Greenfield, IA 50849

First National Bank (IA) is headquartered in Greenfield and is the 86th largest bank in the state of Iowa. It is also the 2,896th largest bank in the nation. It was established in 1905 and as of March of 2014, it had grown to 47 employees at 5 locations. First National Bank (IA) has a A health rating.

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Health

Data for Q1 2014

Institution Health

A

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 First National Bank (IA) had $60,000 in non-current loans and owned real-estate with $27.51 million in equity and loan loss allowances on hand to cover it. This gives First National Bank (IA) a Texas Ratio of 0.22% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for First National Bank (IA) decreased dramatically from 0.72% as of March 31, 2013 to 0.22% as of March 31, 2014, resulting in a positive change of 69.61%.This indicates that the balance sheet and financial strength for First National Bank (IA) has improved dramatically in recent periods.

Deposit Growth

GRADE:
C+

In the past year, First National Bank (IA) has decreased its total deposits by $-434,000, resulting in -0.23% 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 National Bank (IA) has shown is average.

Capitalization

GRADE:
A+

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 National Bank (IA) has $214.1 million in assets with $27.51 million in equity, resulting in a capitalization level of 12.85%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #954
Year Established1905
Employees47
Primary RegulatorOCC
Assets and Liabilities
Assets$214.10 million
Loans$149.97 million
Deposits$186.10 million
Equity Capital$25.23 million
Loan Loss Allowance$2.28 million
Unbacked Noncurrent Loans$60,000
Real Estate Owned$0
Historic Data - March 2013
Assets$211.40 million
Equity Capital$24.25 million
Loan Loss Allowance$1.95 million
Unbacked Noncurrent Loans$60,000
Real Estate Owned$15,000
Profit Margin - Quarterly
Net Interest Margin3.6%
Return on Assets1.23%
Return on Equity10.57%
Interest Income$2.08 million
Rates

Sorry, we do not have rate data for First National Bank (IA)

Locations


First National Bank (IA) Locations
Massena Branch101 Main StreetMassena, IA 50853
First National Bank101 Northeast HayesGreenfield, IA 50849
Fontanelle Branch311 5th StreetFontanelle, IA 50846
Correctionville Branch504 DriftwoodCorrectionville, IA 51016
Anita Branch793 Main StreetAnita, IA 50020