Gering State Bank and Trust Company in Gering, Nebraska (NE)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 17, 1996

Gering State Bank and Trust Company in Gering, Nebraska (NE)
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Gering State Bank and Trust Company - Overview

General
FDIC Certificate #: 27303
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Valley Bank and Trust Co. (#34186)
Federal Reserve ID: 1213124
Date Established: July 25, 1988
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Interstate: No)
OTS Docket #: 10307
FDIC's unique #: 39450
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: July 25, 1988
Last Structure Change Effective Date: June 17, 1996
Last Structure Change Process Date: June 18, 1996
Last Data Update: June 18, 1996
Data Source Date: April 05, 2012
Location
Address: 1425 10th Street, Gering, NE 69341
County: Scotts Bluff
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): Scottsbluff, NE (#42420)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $79.8 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

Dollar figures in thousands
0Total employees (full-time equivalent)
$26Total assets
$75,918Cash and due from depository institutions
$2,886Interest-bearing balances
$14Securities
$15,296Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$53,968Loan loss allowance
$785Trading account assets
$0Bank premises and fixed assets
$1,590Other real estate owned
$24Goodwill and other intangibles
$1,795Life insurance assets
$359All other assets
$0Total liabilities and capital
$75,918Total liabilities
$70,052Total deposits
$67,750Interest-bearing deposits
$61,531Deposits held in domestic offices
67750.00%% insured (estimated)
$90Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$1,692Subordinated debt
$0All other liabilities
$610Total equity capital
$610Total bank equity capital
$5,866Perpetual preferred stock
$0Common stock
$1,200Surplus
$2,934Undivided profits
Memoranda
$1,732Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$582Income earned, not collected on loans
$1,446Earning assets
$69,278Long-term assets (5+ years)
$7,199Average Assets, year-to-date
$68,616Average Assets, quarterly
$75,254Volatile liabilities
$14,648Insider loans
$2,997FHLB advances
$0Loans and leases held for sale
$135Unused loan commitments
$14,533Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$5,305Total risk weighted assets
$59,490Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1995)

Dollar figures in thousands
$0Total interest income
$5,749Total interest expense
$3,112Net interest income
$2,637Provision for loan and lease losses
$240Total noninterest income
$573Fiduciary activities
$0Service charges on deposit accounts
$356Trading account gains & fees
$0Additional noninterest income
$217Total noninterest expense
$1,777Salaries and employee benefits
$900Premises and equipment expense
$207Additional noninterest expense
$670Pre-tax net operating income
$1,193Securities gains (losses)
$3Applicable income taxes
$408Income before extraordinary items
$788Extraordinary gains - net
$0Net income attributable to bank
$788Net charge-offs
$44Cash dividends
$297Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1995)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
9.23%Cost of funding earning assets
5.00%Net interest margin
4.23%Noninterest income to earning assets
0.92%Noninterest expense to earning assets
2.85%Net operating income to assets
1.15%Return on assets (ROA)
1.15%Pretax return on assets
1.74%Return on equity (ROE)
15.44%Retained earnings to average equity (YTD only)
9.62%Net charge-offs to loans
0.09%Credit loss provision to net charge-offs
545.45%Efficiency ratio
54,891Assets per employee
2.92%Cash dividends to net income (YTD only)
Condition Ratios (%)
37.69%Loss allowance to loans
1.43%Loss allowance to noncurrent loans
134.88%Noncurrent assets plus other real estate owned to assets
0.80%Noncurrent loans to loans
1.06%Net loans and leases to deposits
79.66%Net loans and leases to core deposits
98.49%Equity capital to assets
7.73%Core capital (leverage) ratio
7.00%Tier 1 risk-based capital ratio
8.92%Total risk-based capital ratio
Memoranda
$10Average assets
$68,616Average earning assets
$5,103Average equity
$62,279Average loans

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