Citizens State Bank in Virginia, Nebraska (NE)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 13, 1993

Citizens State Bank in Virginia, Nebraska (NE)
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Citizens State Bank - Overview

General
FDIC Certificate #: 18056
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Farmers Bank of Cook (#18528)
Federal Reserve ID: 478159
Date Established: January 01, 1903
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Interstate: No)
FDIC's unique #: 11981
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: July 22, 1959
Last Structure Change Effective Date: March 13, 1993
Last Structure Change Process Date: March 31, 1993
Last Data Update: March 31, 1993
Data Source Date: April 05, 2012
Location
Address: Main Street, Virginia, NE 68458
County: Gage
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Omaha
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: West
Core Based Statistical Area (CBSA): Beatrice, NE (#13100)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $5.3 mil

Assets and Liabilities (December 31, 1992)

Dollar figures in thousands
0Total employees (full-time equivalent)
$3Total assets
$5,277Cash and due from depository institutions
$750Interest-bearing balances
$494Securities
$1,465Federal funds sold & reverse repurchase agreements
$300Net loans & leases
$2,634Loan loss allowance
$108Trading account assets
$0Bank premises and fixed assets
$30Other real estate owned
$0Goodwill and other intangibles
$98Life insurance assets
$0All other assets
$0Total liabilities and capital
$5,277Total liabilities
$4,806Total deposits
$4,743Interest-bearing deposits
$4,007Deposits held in domestic offices
4743.00%% insured (estimated)
$100Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$24All other liabilities
$39Total equity capital
$39Total bank equity capital
$471Perpetual preferred stock
$100Common stock
$138Surplus
$168Undivided profits
Memoranda
$65Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$15Income earned, not collected on loans
$68Earning assets
$4,893Long-term assets (5+ years)
$641Average Assets, year-to-date
$5,360Average Assets, quarterly
$5,318Volatile liabilities
$200Insider loans
$3FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$63Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$471Total risk weighted assets
$2,924Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1992)

Dollar figures in thousands
$0Total interest income
$450Total interest expense
$225Net interest income
$225Provision for loan and lease losses
$0Total noninterest income
$23Fiduciary activities
$0Service charges on deposit accounts
$20Trading account gains & fees
$0Additional noninterest income
$3Total noninterest expense
$145Salaries and employee benefits
$65Premises and equipment expense
$34Additional noninterest expense
$46Pre-tax net operating income
$103Securities gains (losses)
$0Applicable income taxes
$25Income before extraordinary items
$78Extraordinary gains - net
$0Net income attributable to bank
$78Net charge-offs
$0Cash dividends
$17Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1992)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
9.18%Cost of funding earning assets
4.59%Net interest margin
4.59%Noninterest income to earning assets
0.47%Noninterest expense to earning assets
2.96%Net operating income to assets
1.46%Return on assets (ROA)
1.46%Pretax return on assets
1.92%Return on equity (ROE)
17.87%Retained earnings to average equity (YTD only)
13.97%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
58,468Assets per employee
1.76%Cash dividends to net income (YTD only)
Condition Ratios (%)
21.79%Loss allowance to loans
3.94%Loss allowance to noncurrent loans
720.00%Noncurrent assets plus other real estate owned to assets
0.28%Noncurrent loans to loans
0.55%Net loans and leases to deposits
55.53%Net loans and leases to core deposits
57.98%Equity capital to assets
8.93%Core capital (leverage) ratio
8.73%Tier 1 risk-based capital ratio
16.11%Total risk-based capital ratio
Memoranda
$18Average assets
$5,360Average earning assets
$437Average equity
$4,903Average loans

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