FDIC Certificate #: 35414 Status: Active Federal Reserve ID: 2848895 Bank Holding Company (Regulatory Top Holder): United Bancshares, Inc. (RSSDID: 3690729, Location: Garden City, KS) Date Established: March 13, 2000 WWW:http://www.gardencitystatebank.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 79522 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: Yes Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: March 13, 2000 Last Structure Change Effective Date: March 31, 2006 Last Structure Change Process Date: November 03, 2006 Last Data Update: November 03, 2006 Data Source Date: April 05, 2012
Location
Address: 1910 East Mary St, Garden City, KS 67846 County: Finney Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Hays Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: Western Core Based Statistical Area (CBSA): Garden City, KS (#23780) CBSA Micro Statistical Area: Yes
History of Changes
Corrections
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $67.7 mil Equity capital: $8.9 mil Deposits held in domestic offices: $56.0 mil Return on assets (ROA): 2.37% ($1.6 mil) Quarterly return on assets: 2.38% ($1.6 mil) Return on Equity (ROE): 18.42% ($1.7 mil) Quarterly return on equity: 18.27% ($1.6 mil) Net income: $1.5 mil Quarterly Net income: $0.4 mil Pretax return on assets: 2.52% ($1,706.6 mil) Quarterly Pretax return on assets: 2.53% ($1,713.4 mil)
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2011)
Dollar figures in thousands
20Total employees (full-time equivalent)
$67,723Total assets
$3,445Cash and due from depository institutions
$1,022Interest-bearing balances
$3,441Securities
$1,075Federal funds sold & reverse repurchase agreements
$55,892Net loans & leases
$953Loan loss allowance
$0Trading account assets
$1,729Bank premises and fixed assets
$60Other real estate owned
$0Goodwill and other intangibles
$67,723Life insurance assets
$2,081All other assets
$58,776Total liabilities and capital
$56,020Total liabilities
$45,515Total deposits
$56,020Interest-bearing deposits
$99Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$2,000Trading liabilities
$0Other borrowed funds
$756Subordinated debt
$8,947All other liabilities
$8,947Total equity capital
$8,947Total bank equity capital
$0Perpetual preferred stock
$2,262Common stock
$2,262Surplus
$4,423Undivided profits
Memoranda
$0Noncurrent loans and leases
$571Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$129Income earned, not collected on loans
$0Earning assets
$425Long-term assets (5+ years)
$61,430Average Assets, year-to-date
$30,618Average Assets, quarterly
$64,059Volatile liabilities
$67,168Insider loans
$59,835FHLB advances
$68,685Loans and leases held for sale
$1,149Unused loan commitments
$1,149Tier 1 (core) risk-based capital
$8,837Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$8,203Restructured Loans and leases
$863Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$3,846Total interest income
$530Total interest expense
$3,316Net interest income
$409Provision for loan and lease losses
$749Total noninterest income
$0Fiduciary activities
$499Service charges on deposit accounts
$0Trading account gains & fees
$250Additional noninterest income
$2,044Total noninterest expense
$1,195Salaries and employee benefits
$212Premises and equipment expense
$637Additional noninterest expense
$1,612Pre-tax net operating income
$0Securities gains (losses)
$91Applicable income taxes
$1,521Income before extraordinary items
$0Extraordinary gains - net
$1,521Net income attributable to bank
$0Net charge-offs
$1,521Cash dividends
$626Sale, conversion, retirement of capital stock, net
$732Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.57%Yield on earning assets
0.91%Cost of funding earning assets
5.66%Net interest margin
1.28%Noninterest income to earning assets
3.49%Noninterest expense to earning assets
2.37%Net operating income to assets
2.37%Return on assets (ROA)
2.52%Pretax return on assets
18.42%Return on equity (ROE)
9.56%Retained earnings to average equity (YTD only)
1.14%Net charge-offs to loans
65.34%Credit loss provision to net charge-offs
3.23%Efficiency ratio
50,283Assets per employee
3.39%Cash dividends to net income (YTD only)
Condition Ratios (%)
48.13%Loss allowance to loans
1.68%Loss allowance to noncurrent loans
738.76%Noncurrent assets plus other real estate owned to assets
0.28%Noncurrent loans to loans
0.23%Net loans and leases to deposits
99.77%Net loans and leases to core deposits
101.78%Equity capital to assets
13.21%Core capital (leverage) ratio
12.87%Tier 1 risk-based capital ratio
14.77%Total risk-based capital ratio
Memoranda
$16Average assets
$64,059Average earning assets
$8,256Average equity
$58,556Average loans
List of branches
1 Kansas Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
79522
Garden City State Bank
1910 East Mary St, Garden City, KS 67846
March 13, 2000
Full Service Brick and Mortar
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