FDIC Certificate #: 8353 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Bank of Clarks (#16953) Federal Reserve ID: 719058 Date Established: January 01, 1913 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 5331 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: January 01, 1934 Last Structure Change Effective Date: July 12, 2003 Last Structure Change Process Date: July 24, 2003 Last Data Update: July 24, 2003 Data Source Date: April 05, 2012
Location
Address: Second And Vine, Silver Creek, NE 68663 County: Merrick 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): Grand Island, NE (#24260) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $14.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2002)
Dollar figures in thousands
5Total employees (full-time equivalent)
$15,361Total assets
$455Cash and due from depository institutions
$8Interest-bearing balances
$350Securities
$0Federal funds sold & reverse repurchase agreements
$13,541Net loans & leases
$222Loan loss allowance
$0Trading account assets
$329Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$686All other assets
$15,361Total liabilities and capital
$14,089Total liabilities
$12,268Total deposits
$10,156Interest-bearing deposits
$12,268Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$1,700Other borrowed funds
$0Subordinated debt
$121All other liabilities
$1,272Total equity capital
$1,272Total bank equity capital
$1,272Perpetual preferred stock
$0Common stock
$250Surplus
$450Undivided profits
Memoranda
$572Noncurrent loans and leases
$2,281Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$81Earning assets
$0Long-term assets (5+ years)
$334Average Assets, year-to-date
$13,899Average Assets, quarterly
$797Volatile liabilities
$14,983Insider loans
$15,390FHLB advances
$1,570Loans and leases held for sale
$26Unused loan commitments
$1,600Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$2,281Total unused commitments
$0Restructured Loans and leases
$154Derivatives
Income and Expense (December 31, 2002)
Dollar figures in thousands
$1,165Total interest income
$340Total interest expense
$825Net interest income
$55Provision for loan and lease losses
$201Total noninterest income
$0Fiduciary activities
$81Service charges on deposit accounts
$0Trading account gains & fees
$120Additional noninterest income
$534Total noninterest expense
$266Salaries and employee benefits
$98Premises and equipment expense
$170Additional noninterest expense
$437Pre-tax net operating income
$0Securities gains (losses)
$100Applicable income taxes
$337Income before extraordinary items
$0Extraordinary gains - net
$337Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$37Sale, conversion, retirement of capital stock, net
$278Net operating income
Performance and Condition Ratios (December 31, 2002)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.66%Yield on earning assets
2.53%Cost of funding earning assets
6.13%Net interest margin
1.49%Noninterest income to earning assets
3.97%Noninterest expense to earning assets
2.25%Net operating income to assets
2.25%Return on assets (ROA)
2.92%Pretax return on assets
26.28%Return on equity (ROE)
4.60%Retained earnings to average equity (YTD only)
0.29%Net charge-offs to loans
148.65%Credit loss provision to net charge-offs
13.30%Efficiency ratio
52,047Assets per employee
3.07%Cash dividends to net income (YTD only)
Condition Ratios (%)
82.49%Loss allowance to loans
1.61%Loss allowance to noncurrent loans
274.07%Noncurrent assets plus other real estate owned to assets
0.53%Noncurrent loans to loans
0.59%Net loans and leases to deposits
110.38%Net loans and leases to core deposits
122.01%Equity capital to assets
8.28%Core capital (leverage) ratio
8.39%Tier 1 risk-based capital ratio
10.38%Total risk-based capital ratio
Memoranda
$12Average assets
$14,983Average earning assets
$1,282Average equity
$13,450Average loans
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