First National Bank, Norfolk in Norfolk, Nebraska (NE)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 27, 1995

First National Bank, Norfolk in Norfolk, Nebraska (NE)
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First National Bank, Norfolk - Overview

General
FDIC Certificate #: 33862
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First National Bank & Trust Company of Columbus (#5393)
Federal Reserve ID: 2130321
Date Established: December 06, 1993
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 1 (Interstate: No)
FDIC's unique #: 48170
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: No
Date of Deposit Insurance: December 06, 1993
Last Structure Change Effective Date: September 27, 1995
Last Structure Change Process Date: October 23, 1995
Last Data Update: October 23, 1995
Data Source Date: April 05, 2012
Location
Address: 1500 Market Lane, Norfolk, NE 68701
County: Madison
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Sioux City
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: West
Core Based Statistical Area (CBSA): Norfolk, NE (#35740)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $29.6 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Assets and Liabilities (December 31, 1994)

Dollar figures in thousands
0Total employees (full-time equivalent)
$11Total assets
$18,815Cash and due from depository institutions
$1,972Interest-bearing balances
$1,000Securities
$575Federal funds sold & reverse repurchase agreements
$2,125Net loans & leases
$12,923Loan loss allowance
$162Trading account assets
$0Bank premises and fixed assets
$1,009Other real estate owned
$0Goodwill and other intangibles
$211Life insurance assets
$0All other assets
$0Total liabilities and capital
$18,815Total liabilities
$16,686Total deposits
$16,519Interest-bearing deposits
$15,602Deposits held in domestic offices
16519.00%% insured (estimated)
$90Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$167Total equity capital
$167Total bank equity capital
$2,129Perpetual preferred stock
$0Common stock
$1,000Surplus
$1,500Undivided profits
Memoranda
$-371Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$96Income earned, not collected on loans
$117Earning assets
$16,623Long-term assets (5+ years)
$662Average Assets, year-to-date
$11,043Average Assets, quarterly
$16,944Volatile liabilities
$1,776Insider loans
$0FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$431Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$2,129Total risk weighted assets
$14,647Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$766Total interest expense
$392Net interest income
$374Provision for loan and lease losses
$213Total noninterest income
$31Fiduciary activities
$0Service charges on deposit accounts
$26Trading account gains & fees
$0Additional noninterest income
$5Total noninterest expense
$612Salaries and employee benefits
$254Premises and equipment expense
$117Additional noninterest expense
$241Pre-tax net operating income
-$420Securities gains (losses)
$0Applicable income taxes
-$155Income before extraordinary items
-$265Extraordinary gains - net
$0Net income attributable to bank
-$265Net charge-offs
$106Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1994)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.08%Cost of funding earning assets
4.13%Net interest margin
3.94%Noninterest income to earning assets
0.33%Noninterest expense to earning assets
6.46%Net operating income to assets
-2.40%Return on assets (ROA)
-2.40%Pretax return on assets
-3.80%Return on equity (ROE)
-11.81%Retained earnings to average equity (YTD only)
-11.81%Net charge-offs to loans
1.72%Credit loss provision to net charge-offs
200.94%Efficiency ratio
151,111Assets per employee
1.71%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.24%Loss allowance to noncurrent loans
168.75%Noncurrent assets plus other real estate owned to assets
0.51%Noncurrent loans to loans
0.73%Net loans and leases to deposits
78.23%Net loans and leases to core deposits
87.66%Equity capital to assets
11.32%Core capital (leverage) ratio
12.28%Tier 1 risk-based capital ratio
14.54%Total risk-based capital ratio
Memoranda
$16Average assets
$11,043Average earning assets
$2,245Average equity
$9,480Average loans

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