FDIC Certificate #: 16868 Status: Active Federal Reserve ID: 177555 Bank Holding Company (Regulatory Top Holder): Mchugh Investment Company (RSSDID: 1133138, Location: Murdock, NE) Date Established: January 03, 1950 WWW:http://www.corngrowersbank.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 10964 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Agricultural lending institution: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: No Asset Concentration Hierarchy: Agricultural Specialization Date of Deposit Insurance: January 11, 1950 Last Structure Change Effective Date: March 31, 2006 Last Structure Change Process Date: November 03, 2006 Last Data Update: November 03, 2006 Data Source Date: April 05, 2012
Location
Address: 333 Nebraska Street, Murdock, NE 68407 County: Cass 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 Metropolitan Statistical Area (MSA): Omaha, NE-IA (#5920) Combined Statistical Area (CSA): Omaha-Council Bluffs-Fremont, NE-IA (#420) Core Based Statistical Area (CBSA): Omaha-Council Bluffs, NE-IA (#36540) CBSA Metro Statistical Area: Omaha-Council Bluffs, NE-IA (#36540)
History of Changes
Change in Location
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $22.5 mil Equity capital: $1.6 mil Deposits held in domestic offices: $20.3 mil Return on assets (ROA): 0.18% ($0.0 mil) Quarterly return on assets: 0.44% ($0.1 mil) Return on Equity (ROE): 2.59% ($0.1 mil) Quarterly return on equity: 6.18% ($0.1 mil) Net income: $0.0 mil Quarterly Net income: $0.0 mil Pretax return on assets: 0.21% ($47.3 mil) Quarterly Pretax return on assets: 0.38% ($85.6 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2011)
Dollar figures in thousands
6Total employees (full-time equivalent)
$22,527Total assets
$2,989Cash and due from depository institutions
$1,685Interest-bearing balances
$8,360Securities
$0Federal funds sold & reverse repurchase agreements
$10,374Net loans & leases
$96Loan loss allowance
$0Trading account assets
$415Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$22,527Life insurance assets
$389All other assets
$20,902Total liabilities and capital
$20,292Total liabilities
$17,196Total deposits
$20,292Interest-bearing deposits
$96Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$577Trading liabilities
$0Other borrowed funds
$33Subordinated debt
$1,625All other liabilities
$1,625Total equity capital
$1,625Total bank equity capital
$0Perpetual preferred stock
$125Common stock
$375Surplus
$1,125Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$21Income earned, not collected on loans
$0Earning assets
$232Long-term assets (5+ years)
$20,419Average Assets, year-to-date
$7,428Average Assets, quarterly
$22,900Volatile liabilities
$22,949Insider loans
$10,339FHLB advances
$22,348Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$1,615Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$402Restructured Loans and leases
$173Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$844Total interest income
$174Total interest expense
$670Net interest income
$56Provision for loan and lease losses
$84Total noninterest income
$0Fiduciary activities
$83Service charges on deposit accounts
$0Trading account gains & fees
$1Additional noninterest income
$649Total noninterest expense
$142Salaries and employee benefits
$129Premises and equipment expense
$378Additional noninterest expense
$49Pre-tax net operating income
$0Securities gains (losses)
$8Applicable income taxes
$41Income before extraordinary items
$0Extraordinary gains - net
$41Net income attributable to bank
$0Net charge-offs
$41Cash dividends
$72Sale, conversion, retirement of capital stock, net
$13Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.11%Yield on earning assets
0.85%Cost of funding earning assets
3.26%Net interest margin
0.41%Noninterest income to earning assets
3.16%Noninterest expense to earning assets
0.18%Net operating income to assets
0.18%Return on assets (ROA)
0.21%Pretax return on assets
2.59%Return on equity (ROE)
1.77%Retained earnings to average equity (YTD only)
0.72%Net charge-offs to loans
77.78%Credit loss provision to net charge-offs
1.46%Efficiency ratio
86,074Assets per employee
3.75%Cash dividends to net income (YTD only)
Condition Ratios (%)
31.71%Loss allowance to loans
0.92%Loss allowance to noncurrent loans
457.14%Noncurrent assets plus other real estate owned to assets
0.09%Noncurrent loans to loans
0.20%Net loans and leases to deposits
51.12%Net loans and leases to core deposits
51.12%Equity capital to assets
7.21%Core capital (leverage) ratio
7.23%Tier 1 risk-based capital ratio
15.62%Total risk-based capital ratio
Memoranda
$17Average assets
$22,900Average earning assets
$1,583Average equity
$20,551Average loans
List of branches
1 Nebraska Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
10964
Corn Growers State Bank
333 Nebraska Street, Murdock, NE 68407
January 03, 1950
Full Service Brick and Mortar
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