FDIC Certificate #: 22324 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First National Bank, Independence, Kansas (#4660) Federal Reserve ID: 463351 Date Established: August 30, 1976 WWW:http://www.olathestatebank.com Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 3 (Interstate: No) OTS Docket #: 15403 FDIC's unique #: 15533 Numeric code: 13 Regulator: FED 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: August 30, 1976 Last Structure Change Effective Date: June 23, 2006 Last Structure Change Process Date: August 09, 2006 Last Data Update: August 09, 2006 Data Source Date: April 05, 2012
Location
Address: 500 U.S. Highway 50, Business Loop, Olathe, CO 81425 County: Montrose Quarterly Banking Profile Region: Dallas FDIC Geographic Region: Dallas FDIC Supervisory Region: Kansas City FDIC Field Office: Denver Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: Western Core Based Statistical Area (CBSA): Montrose, CO (#33940) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $64.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2005)
Dollar figures in thousands
20Total employees (full-time equivalent)
$61,028Total assets
$2,156Cash and due from depository institutions
$16Interest-bearing balances
$8,650Securities
$9,320Federal funds sold & reverse repurchase agreements
$38,295Net loans & leases
$418Loan loss allowance
$0Trading account assets
$1,415Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,192All other assets
$61,028Total liabilities and capital
$56,961Total liabilities
$54,201Total deposits
$43,145Interest-bearing deposits
$54,201Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$2,007Other borrowed funds
$0Subordinated debt
$753All other liabilities
$4,067Total equity capital
$4,067Total bank equity capital
$4,067Perpetual preferred stock
$0Common stock
$258Surplus
$1,259Undivided profits
Memoranda
$2,550Noncurrent loans and leases
$5,149Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,198Earning assets
$0Long-term assets (5+ years)
$540Average Assets, year-to-date
$56,281Average Assets, quarterly
$1,432Volatile liabilities
$51,087Insider loans
$59,521FHLB advances
$11,516Loans and leases held for sale
$170Unused loan commitments
$2,007Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$5,149Total unused commitments
$0Restructured Loans and leases
$419Derivatives
Income and Expense (December 31, 2005)
Dollar figures in thousands
$3,474Total interest income
$814Total interest expense
$2,660Net interest income
$110Provision for loan and lease losses
$338Total noninterest income
$0Fiduciary activities
$269Service charges on deposit accounts
$0Trading account gains & fees
$69Additional noninterest income
$1,786Total noninterest expense
$901Salaries and employee benefits
$290Premises and equipment expense
$595Additional noninterest expense
$1,102Pre-tax net operating income
$0Securities gains (losses)
$395Applicable income taxes
$707Income before extraordinary items
$0Extraordinary gains - net
$707Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$5Sale, conversion, retirement of capital stock, net
$57Net operating income
Performance and Condition Ratios (December 31, 2005)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.42%Yield on earning assets
1.74%Cost of funding earning assets
5.68%Net interest margin
0.72%Noninterest income to earning assets
3.81%Noninterest expense to earning assets
1.38%Net operating income to assets
1.38%Return on assets (ROA)
2.16%Pretax return on assets
20.43%Return on equity (ROE)
18.79%Retained earnings to average equity (YTD only)
0.01%Net charge-offs to loans
2200.00%Credit loss provision to net charge-offs
242.40%Efficiency ratio
59,573Assets per employee
3.05%Cash dividends to net income (YTD only)
Condition Ratios (%)
8.06%Loss allowance to loans
1.08%Loss allowance to noncurrent loans
34.89%Noncurrent assets plus other real estate owned to assets
1.96%Noncurrent loans to loans
3.09%Net loans and leases to deposits
70.65%Net loans and leases to core deposits
89.72%Equity capital to assets
6.66%Core capital (leverage) ratio
6.85%Tier 1 risk-based capital ratio
10.02%Total risk-based capital ratio
Memoranda
$11Average assets
$51,087Average earning assets
$3,460Average equity
$46,833Average loans
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