Pinnacle Bank in Palmer, Nebraska (NE)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 13, 1999

Pinnacle Bank in Palmer, Nebraska (NE)
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Pinnacle Bank - Overview

General
FDIC Certificate #: 18069
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Pinnacle Bank (#10634)
Federal Reserve ID: 851659
Date Established: December 03, 1938
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 1 (Interstate: No)
FDIC's unique #: 11993
Numeric code: 13
Regulator: FED
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: August 20, 1959
Last Structure Change Effective Date: November 13, 1999
Last Structure Change Process Date: December 08, 1999
Last Data Update: December 08, 1999
Data Source Date: April 05, 2012
Location
Address: Main Street, Palmer, NE 68864
County: Merrick
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): Grand Island, NE (#24260)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $20.0 mil

1992 - 1999 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, 1998)

Dollar figures in thousands
4Total employees (full-time equivalent)
$16,871Total assets
$633Cash and due from depository institutions
$0Interest-bearing balances
$4,590Securities
$2,700Federal funds sold & reverse repurchase agreements
$8,429Net loans & leases
$667Loan loss allowance
$0Trading account assets
$177Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$342All other assets
$16,871Total liabilities and capital
$15,339Total liabilities
$14,389Total deposits
$10,239Interest-bearing deposits
$14,389Deposits held in domestic offices
0.00%% insured (estimated)
$671Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$279All other liabilities
$1,532Total equity capital
$1,532Total bank equity capital
$1,532Perpetual preferred stock
$0Common stock
$200Surplus
$1,300Undivided profits
Memoranda
$32Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$75Earning assets
$0Long-term assets (5+ years)
$307Average Assets, year-to-date
$15,719Average Assets, quarterly
$2,511Volatile liabilities
$19,228Insider loans
$16,800FHLB advances
$1,536Loans and leases held for sale
$90Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$2,092Total unused commitments
$0Restructured Loans and leases
$10,591Derivatives

Income and Expense (December 31, 1998)

Dollar figures in thousands
$1,308Total interest income
$501Total interest expense
$807Net interest income
$0Provision for loan and lease losses
$63Total noninterest income
$0Fiduciary activities
$46Service charges on deposit accounts
$0Trading account gains & fees
$17Additional noninterest income
$382Total noninterest expense
$215Salaries and employee benefits
$17Premises and equipment expense
$150Additional noninterest expense
$488Pre-tax net operating income
$0Securities gains (losses)
$161Applicable income taxes
$327Income before extraordinary items
$0Extraordinary gains - net
$327Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$4Sale, conversion, retirement of capital stock, net
$303Net operating income

Performance and Condition Ratios (December 31, 1998)

Dollar figures in thousands
Performance Ratios (%, annualized)
7.59%Yield on earning assets
2.91%Cost of funding earning assets
4.68%Net interest margin
0.37%Noninterest income to earning assets
2.22%Noninterest expense to earning assets
1.70%Net operating income to assets
1.70%Return on assets (ROA)
2.54%Pretax return on assets
20.92%Return on equity (ROE)
1.54%Retained earnings to average equity (YTD only)
-0.04%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
43,908Assets per employee
4.22%Cash dividends to net income (YTD only)
Condition Ratios (%)
92.66%Loss allowance to loans
7.33%Loss allowance to noncurrent loans
889.33%Noncurrent assets plus other real estate owned to assets
0.44%Noncurrent loans to loans
0.82%Net loans and leases to deposits
58.58%Net loans and leases to core deposits
62.33%Equity capital to assets
9.08%Core capital (leverage) ratio
8.41%Tier 1 risk-based capital ratio
14.15%Total risk-based capital ratio
Memoranda
$15Average assets
$19,228Average earning assets
$1,563Average equity
$17,229Average loans

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