First National Bank of Muscatine, Financial Information

Terms and Definitions

• Domestic deposits

  The sum of all domestic deposits, including demand deposits, money market deposits and time deposits.
• Equity capital

  Total equity capital (includes preferred and common stock, surplus and undivided profits).
• ROA

  Return on assets, net income after taxes and extraordinary items (annualized) as a percent of average total assets.
• ROE

  Return on equity, annualized net income as a percent of average equity on a consolidated basis.

First National Bank of Muscatine was founded in 1870, just five years after the end of the Civil War, as a private banking business under the name Silverman, Cook & Company. In 1910, the bank name was changed, this time to Muscatine State Bank.

The current main bank building located at 300 East Second Street was constructed in 1978. In May, 1981, the bank further expanded its drive-up service by opening a third branch, Southside at 608 Grandview Avenue. In 1984, a bank holding company, Iowa First Bancshares Corp., was formed by the stockholders of First National Bank of Muscatine. This was done to facilitate the purchase of First National Bank in Fairfield, Iowa.

On June 18th, 1997, First National Bank opened the first in-store bank, in the first Wal-Mart Supercenter to open in Iowa. This bank location offers extended evening and weekend hours. On May 6th, 2003, banks Mall office relocated to 3107 Hwy. 61 North and is now known as Oakview North.

First National Bank of Muscatine has continuously supported the community it was built from and will enthusiastically follow this tradition into the twenty-first century.

First National Bank of Muscatine
300 E. 2nd St.
Muscatine, IA 52761
Ph: 563-263-4221
Fax 563-262-4213