FDIC Certificate #: 24660 Status: Inactive Closing history: Corrections Acquiring institution:Liberty Bank and Trust Company (#20856) Federal Reserve ID: 249256 Date Established: September 03, 1983 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 3 (Interstate: No) OTS Docket #: 14627 FDIC's unique #: 17120 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: September 03, 1983 Last Structure Change Effective Date: January 25, 2008 Last Structure Change Process Date: January 29, 2008 Last Data Update: January 29, 2008 Data Source Date: April 05, 2012
Location
Address: 1670 East 63rd Street, Kansas City, MO 64110 County: Jackson Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Kansas City Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: West Metropolitan Statistical Area (MSA): Kansas City, MO-KS (#3760) Combined Statistical Area (CSA): Kansas City-Overland Park-Kansas City, MO-KS (#312) Core Based Statistical Area (CBSA): Kansas City, MO-KS (#28140) CBSA Metro Statistical Area: Kansas City, MO-KS (#28140)
History of Changes
Absorption - Assisted
Corrections
Financial Summary
Total assets: $52.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2007)
Dollar figures in thousands
25Total employees (full-time equivalent)
$52,824Total assets
$1,984Cash and due from depository institutions
$0Interest-bearing balances
$13,007Securities
$7,235Federal funds sold & reverse repurchase agreements
$27,712Net loans & leases
$1,559Loan loss allowance
$0Trading account assets
$1,198Bank premises and fixed assets
$1,017Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$671All other assets
$52,824Total liabilities and capital
$51,634Total liabilities
$50,250Total deposits
$42,794Interest-bearing deposits
$50,250Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$1,000Other borrowed funds
$0Subordinated debt
$384All other liabilities
$1,190Total equity capital
$1,190Total bank equity capital
$1,190Perpetual preferred stock
$212Common stock
$1,148Surplus
$2,715Undivided profits
Memoranda
$-2,885Noncurrent loans and leases
$405Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$6,046Earning assets
$0Long-term assets (5+ years)
$284Average Assets, year-to-date
$47,954Average Assets, quarterly
$14,757Volatile liabilities
$61,268Insider loans
$55,670FHLB advances
$11,750Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$405Total unused commitments
$0Restructured Loans and leases
$442Derivatives
Income and Expense (December 31, 2007)
Dollar figures in thousands
$3,673Total interest income
$1,846Total interest expense
$1,827Net interest income
-$100Provision for loan and lease losses
$704Total noninterest income
$0Fiduciary activities
$478Service charges on deposit accounts
$0Trading account gains & fees
$226Additional noninterest income
$3,980Total noninterest expense
$1,700Salaries and employee benefits
$341Premises and equipment expense
$1,939Additional noninterest expense
-$1,349Pre-tax net operating income
$6Securities gains (losses)
$0Applicable income taxes
-$1,343Income before extraordinary items
$0Extraordinary gains - net
-$1,343Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$941Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2007)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.53%Yield on earning assets
3.28%Cost of funding earning assets
3.25%Net interest margin
1.25%Noninterest income to earning assets
7.08%Noninterest expense to earning assets
-2.20%Net operating income to assets
-2.19%Return on assets (ROA)
-2.19%Pretax return on assets
-87.08%Return on equity (ROE)
-87.08%Retained earnings to average equity (YTD only)
2.48%Net charge-offs to loans
-10.63%Credit loss provision to net charge-offs
-1.54%Efficiency ratio
157,250Assets per employee
2.11%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
5.33%Loss allowance to noncurrent loans
25.79%Noncurrent assets plus other real estate owned to assets
13.37%Noncurrent loans to loans
20.66%Net loans and leases to deposits
55.15%Net loans and leases to core deposits
71.98%Equity capital to assets
2.25%Core capital (leverage) ratio
2.23%Tier 1 risk-based capital ratio
3.56%Total risk-based capital ratio
Memoranda
$5Average assets
$61,268Average earning assets
$1,542Average equity
$56,243Average loans
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