FDIC Certificate #: 14479 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Cornerstone Bank (#5496) Federal Reserve ID: 722450 Date Established: November 08, 1913 WWW:http://www.citystatebankonline.com Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) FDIC's unique #: 9046 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: June 15, 1934 Last Structure Change Effective Date: October 21, 2005 Last Structure Change Process Date: November 10, 2005 Last Data Update: November 10, 2005 Data Source Date: April 05, 2012
Location
Address: Main Street, Sutton, NE 68979 County: Clay 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 Core Based Statistical Area (CBSA): Hastings, NE (#25580) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $64.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2004)
Dollar figures in thousands
21Total employees (full-time equivalent)
$63,954Total assets
$1,328Cash and due from depository institutions
$33Interest-bearing balances
$13,996Securities
$0Federal funds sold & reverse repurchase agreements
$42,062Net loans & leases
$904Loan loss allowance
$0Trading account assets
$1,179Bank premises and fixed assets
$0Other real estate owned
$3,019Goodwill and other intangibles
$0Life insurance assets
$2,370All other assets
$63,954Total liabilities and capital
$55,703Total liabilities
$52,328Total deposits
$44,699Interest-bearing deposits
$52,328Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$3,000Other borrowed funds
$0Subordinated debt
$375All other liabilities
$8,251Total equity capital
$8,251Total bank equity capital
$8,251Perpetual preferred stock
$0Common stock
$300Surplus
$6,954Undivided profits
Memoranda
$997Noncurrent loans and leases
$3,740Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$66Earning assets
$0Long-term assets (5+ years)
$827Average Assets, year-to-date
$56,091Average Assets, quarterly
$14,466Volatile liabilities
$54,411Insider loans
$64,699FHLB advances
$7,606Loans and leases held for sale
$118Unused loan commitments
$3,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,740Total unused commitments
$0Restructured Loans and leases
$626Derivatives
Income and Expense (December 31, 2004)
Dollar figures in thousands
$3,249Total interest income
$816Total interest expense
$2,433Net interest income
$0Provision for loan and lease losses
$245Total noninterest income
$0Fiduciary activities
$122Service charges on deposit accounts
$0Trading account gains & fees
$123Additional noninterest income
$1,738Total noninterest expense
$882Salaries and employee benefits
$223Premises and equipment expense
$633Additional noninterest expense
$940Pre-tax net operating income
$0Securities gains (losses)
$264Applicable income taxes
$676Income before extraordinary items
$0Extraordinary gains - net
$676Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$38Sale, conversion, retirement of capital stock, net
$400Net operating income
Performance and Condition Ratios (December 31, 2004)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.78%Yield on earning assets
1.70%Cost of funding earning assets
5.07%Net interest margin
0.51%Noninterest income to earning assets
3.62%Noninterest expense to earning assets
1.24%Net operating income to assets
1.24%Return on assets (ROA)
1.73%Pretax return on assets
8.74%Return on equity (ROE)
3.57%Retained earnings to average equity (YTD only)
0.10%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
24.74%Efficiency ratio
61,912Assets per employee
3.05%Cash dividends to net income (YTD only)
Condition Ratios (%)
59.17%Loss allowance to loans
2.10%Loss allowance to noncurrent loans
1369.70%Noncurrent assets plus other real estate owned to assets
0.10%Noncurrent loans to loans
0.15%Net loans and leases to deposits
80.38%Net loans and leases to core deposits
92.00%Equity capital to assets
12.90%Core capital (leverage) ratio
8.31%Tier 1 risk-based capital ratio
10.24%Total risk-based capital ratio
Memoranda
$12Average assets
$54,411Average earning assets
$7,731Average equity
$47,950Average loans
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