FNNB Bank

Headquarters

100 North 2nd Avenue West
Newton, IA 50208
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.06% 1.05% →
1-Year CD 0.41% 0.95% →
2-Year CD N.A. 1.05% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

FNNB Bank is an FDIC insured institution located in Newton, IA. It was founded in 1932 and has approximately $0.08 billion in assets. Customers can open an account at one of its 2 branches.

FDIC Insured Yes
FDIC Certificate # 4482
Date Established 1932
Assets $ 77.61 million
Loans $ 43.67 million
Deposits $ 69.91 million
Capital $ 7.56 million
 

For a more detailed analysis of FNNB Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - September 22, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.06% $2,500 $4,999 Learn More
Money Market
0.06% $10,000 $14,999 Learn More
Money Market
0.11% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
12 Mo CD
0.41% $10,000 $14,999 Learn More
12 Mo CD
0.41% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.05% $2,500 $3,499 Learn MoreShow Less

Loan Rates - September 22, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for FNNB Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Virginia 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
4.114% 3.990% 1.00 $3,750 $1,193 Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.816% 2.750% 0.88 $2,132 $1,021 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
3.500 %
$25,000 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.990 %
$0 Learn More
More Info

Note to FNNB Bank
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

FNNB Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


FNNB Bank Locations


Financial Details

FNNB Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of FNNB Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
FNNB Bank U.S. Bank Average
0.17% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2020, FNNB Bank had $14,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $7,559,000 in equity and $512,000 in loans loss reserves. That gives it a Texas Ratio of 0.17%.

Return on Equity
FNNB Bank U.S. Bank Average
2.91% 7.80%

FNNB Bank has a Return on Equity of 2.91% versus the BestCashCow average of 7.80%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
FNNB Bank U.S. Bank Average
9.74% 12.68%

FNNB Bank has a Capitalization of 9.74% versus the BestCashCow average of 12.68. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

FNNB Bank Balance Sheet Analysis

As of March 31, 2020, FNNB Bank had assets of $77,607,000, loans of $43,671,000, and deposits of $69,911,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 10.34 million
Interest-bearing balances $ 8.32 million
Total securities $ 20.35 million
Federal funds sold and reverse repurchase $ 0.78 million
Net loans and leases $ 43.67 million
Loan loss allowance $ 0.51 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 1.77 million
     Total Assets $ 70.05 million
LIABILITIES
Total deposits $ 69.91 million
      Interest-bearing deposits $ 50.53 million
      Deposits held in domestic offices $ 69.91 million
      % insured (estimated) 87.08%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.14 million
      Total Liabilities $ 70.05 million
      Shareholders’ Equity $ 7.56 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 0.69 million
Total Interest Expense $ 0.07 million
Net interest income $ 0.62 million
Provision for loan and lease losses $ 0.01 million
Total non interest income $ 0.08 million
Total non interest expense $ 0.64 million
Pre-tax Net Operating Income $ 0.06 million

Bank Loan Profile?

The top three loan types in FNNB Bank’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Commercial and Industrial Loans.

Compared to other banks in Iowa, FNNB Bank has a significantly higher percent of Commercial Real Estate on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 18.12
Multifamily
Mortgages
0.19
Credit Card Loans 0.00
Consumer Auto Loans 0.82
Small Business Loans 0.00
Construction and Development Loans 1.20
Commercial Real Estate 50.55
Commercial and Industrial Loans 15.62
Farm Loans 3.60

Frequently Asked Questions About Fnnb Bank

Branches and Savings

Is Fnnb Bank FDIC insured?

Yes. It is covered under FDIC Certificate #4482.

Why does Fnnb Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Fnnb Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Fnnb Bank a commercial bank?

Yes

Where are Fnnb Bank locations?

See branch locations nearby.

Is Fnnb Bank open on Saturdays?

Is Fnnb Bank open on Sundays?

What time does Fnnb Bank open?

What time does Fnnb Bank close?

Are Fnnb Bank ATMs Open 24/7?

Do Fnnb Bank ATMs accept cash deposits?

Can Fnnb Bank customers use other ATMs?

Do Fnnb Bank branches have notaries?

Will Fnnb Bank notarize my document?

What address for Fnnb Bank should I put for incoming ACH transfers?

Will the Fnnb Bank branch print checks?

Do Fnnb Bank checks expire?

Does Fnnb Bank require US citizenship to open account?

Can Fnnb Bank close my account?

Does Fnnb Bank Report to credit bureaus?

Does Fnnb Bank Use Equifax?

What is Fnnb Bank's ACH Routing Number?

What is Fnnb Bank's SWIFT code?

Products

Does Fnnb Bank offer mortgages?

Compare mortgage rates here.

Does Fnnb Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Fnnb Bank offer personal loans?

Compare personal loan rates here.

Does Fnnb Bank offer student loans?

Will Fnnb Bank cash a check?

Will Fnnb Bank redeem a savings bond?

Does Fnnb Bank cash savings bonds?

Will Fnnb Bank cash money orders?

Can Fnnb Bank issue a money order?

Does Fnnb Bank do currency exchange?

Background on The Bank

Who owns Fnnb Bank?

How long has Fnnb Bank been around?

Can Fnnb Bank transfer to other banks?

Does Fnnb Bank have quick pay?

Does Fnnb Bank accept rolled coins?

Will Fnnb Bank accept loose change?

Where is Fnnb Bank headquarters?

Customer Reviews for FNNB Bank

There are currently no comments for FNNB Bank. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

Rate it here →