FDIC Certificate #: 18739 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Geneva State Bank (#18740) Federal Reserve ID: 549358 Date Established: January 06, 1886 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 12605 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: March 28, 1963 Last Structure Change Effective Date: October 01, 2010 Last Structure Change Process Date: November 23, 2010 Last Data Update: November 23, 2010 Data Source Date: April 05, 2012
Location
Address: 509 6th Ave, Fairmont, NE 68354 County: Fillmore 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: $8.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2009)
Dollar figures in thousands
3Total employees (full-time equivalent)
$8,451Total assets
$1,387Cash and due from depository institutions
$847Interest-bearing balances
$2,909Securities
$280Federal funds sold & reverse repurchase agreements
$3,564Net loans & leases
$46Loan loss allowance
$0Trading account assets
$36Bank premises and fixed assets
$36Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$239All other assets
$8,451Total liabilities and capital
$7,646Total liabilities
$7,575Total deposits
$4,532Interest-bearing deposits
$7,575Deposits held in domestic offices
84.86%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$71All other liabilities
$805Total equity capital
$805Total bank equity capital
$805Perpetual preferred stock
$0Common stock
$160Surplus
$580Undivided profits
Memoranda
$65Noncurrent loans and leases
$1,836Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$85Earning assets
$0Long-term assets (5+ years)
$87Average Assets, year-to-date
$7,600Average Assets, quarterly
$1,909Volatile liabilities
$8,603Insider loans
$9,227FHLB advances
$122Loans and leases held for sale
$100Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,836Total unused commitments
$0Restructured Loans and leases
$46Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$354Total interest income
$57Total interest expense
$297Net interest income
$8Provision for loan and lease losses
$20Total noninterest income
$0Fiduciary activities
$28Service charges on deposit accounts
$0Trading account gains & fees
-$8Additional noninterest income
$346Total noninterest expense
$145Salaries and employee benefits
$35Premises and equipment expense
$166Additional noninterest expense
-$37Pre-tax net operating income
$0Securities gains (losses)
-$7Applicable income taxes
-$30Income before extraordinary items
$0Extraordinary gains - net
-$30Net income attributable to bank
$0Net charge-offs
-$30Cash dividends
$19Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.47%Yield on earning assets
0.72%Cost of funding earning assets
3.75%Net interest margin
0.25%Noninterest income to earning assets
4.37%Noninterest expense to earning assets
-0.35%Net operating income to assets
-0.35%Return on assets (ROA)
-0.43%Pretax return on assets
-3.69%Return on equity (ROE)
-3.69%Retained earnings to average equity (YTD only)
0.47%Net charge-offs to loans
42.11%Credit loss provision to net charge-offs
-1.53%Efficiency ratio
109,148Assets per employee
2.82%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.27%Loss allowance to noncurrent loans
54.12%Noncurrent assets plus other real estate owned to assets
1.43%Noncurrent loans to loans
2.35%Net loans and leases to deposits
47.05%Net loans and leases to core deposits
47.82%Equity capital to assets
9.53%Core capital (leverage) ratio
8.27%Tier 1 risk-based capital ratio
16.83%Total risk-based capital ratio
Memoranda
$18Average assets
$8,603Average earning assets
$813Average equity
$7,915Average loans
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