FDIC Certificate #: 8600 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Cornerstone Bank (#5496) Federal Reserve ID: 530954 Date Established: January 01, 1928 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 5495 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: January 01, 1934 Last Structure Change Effective Date: October 06, 2011 Last Structure Change Process Date: October 13, 2011 Last Data Update: October 13, 2011 Data Source Date: April 05, 2012
Location
Address: Highway 30 And C Street, Shelton, NE 68876 County: Buffalo 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): Kearney, NE (#28260) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $29.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2010)
Dollar figures in thousands
9Total employees (full-time equivalent)
$30,245Total assets
$2,591Cash and due from depository institutions
$1,945Interest-bearing balances
$5,531Securities
$1,791Federal funds sold & reverse repurchase agreements
$19,549Net loans & leases
$641Loan loss allowance
$0Trading account assets
$134Bank premises and fixed assets
$42Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$607All other assets
$30,245Total liabilities and capital
$27,180Total liabilities
$27,100Total deposits
$23,222Interest-bearing deposits
$27,100Deposits held in domestic offices
98.08%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$80All other liabilities
$3,065Total equity capital
$3,065Total bank equity capital
$3,065Perpetual preferred stock
$0Common stock
$300Surplus
$2,700Undivided profits
Memoranda
$65Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,913Earning assets
$0Long-term assets (5+ years)
$333Average Assets, year-to-date
$28,816Average Assets, quarterly
$4,160Volatile liabilities
$32,684Insider loans
$30,913FHLB advances
$4,319Loans and leases held for sale
$453Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$0Restructured Loans and leases
$276Derivatives
Income and Expense (December 31, 2010)
Dollar figures in thousands
$1,517Total interest income
$381Total interest expense
$1,136Net interest income
$64Provision for loan and lease losses
$198Total noninterest income
$0Fiduciary activities
$71Service charges on deposit accounts
$0Trading account gains & fees
$127Additional noninterest income
$1,305Total noninterest expense
$684Salaries and employee benefits
$100Premises and equipment expense
$521Additional noninterest expense
-$35Pre-tax net operating income
$39Securities gains (losses)
$1Applicable income taxes
$3Income before extraordinary items
$0Extraordinary gains - net
$3Net income attributable to bank
$0Net charge-offs
$3Cash dividends
$479Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2010)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.90%Yield on earning assets
1.23%Cost of funding earning assets
3.67%Net interest margin
0.64%Noninterest income to earning assets
4.21%Noninterest expense to earning assets
-0.08%Net operating income to assets
0.01%Return on assets (ROA)
0.01%Pretax return on assets
0.10%Return on equity (ROE)
0.10%Retained earnings to average equity (YTD only)
2.22%Net charge-offs to loans
13.36%Credit loss provision to net charge-offs
0.06%Efficiency ratio
97,826Assets per employee
3.36%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
3.17%Loss allowance to noncurrent loans
33.51%Noncurrent assets plus other real estate owned to assets
6.46%Noncurrent loans to loans
9.47%Net loans and leases to deposits
72.14%Net loans and leases to core deposits
85.81%Equity capital to assets
10.13%Core capital (leverage) ratio
9.57%Tier 1 risk-based capital ratio
13.97%Total risk-based capital ratio
Memoranda
$15Average assets
$32,684Average earning assets
$3,112Average equity
$30,978Average loans
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