FDIC Certificate #: 1985 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Cornerstone Bank (#5496) Federal Reserve ID: 672957 Date Established: January 01, 1919 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 1 (Interstate: No) FDIC's unique #: 1336 Numeric code: 13 Regulator: FED 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: January 01, 1934 Last Structure Change Effective Date: April 04, 2002 Last Structure Change Process Date: April 16, 2002 Last Data Update: April 16, 2002 Data Source Date: April 05, 2012
Location
Address: Main Street, Polk, NE 68654 County: Polk Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Grand Island Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: West
Financial Summary
Total assets: $10.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2001)
Dollar figures in thousands
5Total employees (full-time equivalent)
$10,702Total assets
$749Cash and due from depository institutions
$2Interest-bearing balances
$2,681Securities
$15Federal funds sold & reverse repurchase agreements
$6,891Net loans & leases
$150Loan loss allowance
$0Trading account assets
$17Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$349All other assets
$10,702Total liabilities and capital
$9,343Total liabilities
$9,296Total deposits
$8,518Interest-bearing deposits
$9,296Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$47All other liabilities
$1,359Total equity capital
$1,359Total bank equity capital
$1,359Perpetual preferred stock
$0Common stock
$125Surplus
$875Undivided profits
Memoranda
$359Noncurrent loans and leases
$1,376Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$205Earning assets
$0Long-term assets (5+ years)
$285Average Assets, year-to-date
$9,589Average Assets, quarterly
$636Volatile liabilities
$10,719Insider loans
$10,699FHLB advances
$1,787Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,376Total unused commitments
$0Restructured Loans and leases
$97Derivatives
Income and Expense (December 31, 2001)
Dollar figures in thousands
$907Total interest income
$368Total interest expense
$539Net interest income
$27Provision for loan and lease losses
$41Total noninterest income
$0Fiduciary activities
$29Service charges on deposit accounts
$0Trading account gains & fees
$12Additional noninterest income
$434Total noninterest expense
$298Salaries and employee benefits
$20Premises and equipment expense
$116Additional noninterest expense
$119Pre-tax net operating income
$0Securities gains (losses)
$36Applicable income taxes
$83Income before extraordinary items
$0Extraordinary gains - net
$83Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$30Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2001)
Dollar figures in thousands
Performance Ratios (%, annualized)
9.10%Yield on earning assets
3.69%Cost of funding earning assets
5.41%Net interest margin
0.41%Noninterest income to earning assets
4.35%Noninterest expense to earning assets
0.77%Net operating income to assets
0.77%Return on assets (ROA)
1.11%Pretax return on assets
6.28%Return on equity (ROE)
6.28%Retained earnings to average equity (YTD only)
0.40%Net charge-offs to loans
90.00%Credit loss provision to net charge-offs
4.87%Efficiency ratio
74,828Assets per employee
2.14%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.13%Loss allowance to noncurrent loans
73.17%Noncurrent assets plus other real estate owned to assets
1.92%Noncurrent loans to loans
2.91%Net loans and leases to deposits
74.13%Net loans and leases to core deposits
91.77%Equity capital to assets
12.70%Core capital (leverage) ratio
12.56%Tier 1 risk-based capital ratio
17.54%Total risk-based capital ratio
Memoranda
$19Average assets
$10,719Average earning assets
$1,321Average equity
$9,968Average loans
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