Prairie Security Bank in city_name, state_name - Detailed Financial Reports, Location

Prairie Security Bank in Yelm, Washington (WA)
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Prairie Security Bank - Overview

General
FDIC Certificate #: 27246
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Venture Bank (#22868)
Federal Reserve ID: 1190104
Date Established: May 13, 1988
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Interstate: No)
OTS Docket #: 11589
FDIC's unique #: 39187
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: May 13, 1988
Last Structure Change Effective Date: Febuary 06, 1997
Last Structure Change Process Date: April 01, 1997
Last Data Update: April 01, 1997
Data Source Date: April 05, 2012
Location
Address: 608 Yelm Avenue East, Yelm, WA 98597
County: Thurston
Quarterly Banking Profile Region: San Francisco
FDIC Geographic Region: San Francisco
FDIC Supervisory Region: San Francisco
FDIC Field Office: Seattle
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: West
Metropolitan Statistical Area (MSA): Olympia, WA (#5910)
Consolidated Metropolitan Statistical Area (CMSA): Seattle-Tacoma-Bremerton, WA (#91)
Combined Statistical Area (CSA): Seattle-Tacoma-Olympia, WA (#500)
Core Based Statistical Area (CBSA): Olympia, WA (#36500)
CBSA Metro Statistical Area: Olympia, WA (#36500)
Financial Summary
Total assets: $49.6 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

Dollar figures in thousands
0Total employees (full-time equivalent)
$45Total assets
$49,647Cash and due from depository institutions
$3,015Interest-bearing balances
$16Securities
$4,636Federal funds sold & reverse repurchase agreements
$804Net loans & leases
$37,069Loan loss allowance
$369Trading account assets
$0Bank premises and fixed assets
$2,007Other real estate owned
$269Goodwill and other intangibles
$1,824Life insurance assets
$23All other assets
$0Total liabilities and capital
$49,647Total liabilities
$44,813Total deposits
$41,105Interest-bearing deposits
$33,379Deposits held in domestic offices
41105.00%% insured (estimated)
$89Federal funds purchased & repurchase agreements
$1,937Trading liabilities
$0Other borrowed funds
$1,195Subordinated debt
$0All other liabilities
$576Total equity capital
$576Total bank equity capital
$4,834Perpetual preferred stock
$0Common stock
$199Surplus
$3,385Undivided profits
Memoranda
$1,250Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$554Income earned, not collected on loans
$205Earning assets
$42,525Long-term assets (5+ years)
$2,371Average Assets, year-to-date
$48,412Average Assets, quarterly
$49,941Volatile liabilities
$6,582Insider loans
$468FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$9,354Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$4,823Total risk weighted assets
$40,048Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$4,233Total interest expense
$1,637Net interest income
$2,596Provision for loan and lease losses
$59Total noninterest income
$1,580Fiduciary activities
$0Service charges on deposit accounts
$392Trading account gains & fees
$0Additional noninterest income
$1,188Total noninterest expense
$3,432Salaries and employee benefits
$1,855Premises and equipment expense
$479Additional noninterest expense
$1,098Pre-tax net operating income
$685Securities gains (losses)
$0Applicable income taxes
$241Income before extraordinary items
$444Extraordinary gains - net
$0Net income attributable to bank
$444Net charge-offs
$43Cash dividends
$196Sale, conversion, retirement of capital stock, net
$48Net operating income

Performance and Condition Ratios (December 31, 1996)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
10.07%Cost of funding earning assets
3.89%Net interest margin
6.18%Noninterest income to earning assets
3.76%Noninterest expense to earning assets
8.16%Net operating income to assets
0.92%Return on assets (ROA)
0.92%Pretax return on assets
1.41%Return on equity (ROE)
9.56%Retained earnings to average equity (YTD only)
5.34%Net charge-offs to loans
0.12%Credit loss provision to net charge-offs
137.21%Efficiency ratio
82,184Assets per employee
1.10%Cash dividends to net income (YTD only)
Condition Ratios (%)
44.14%Loss allowance to loans
0.99%Loss allowance to noncurrent loans
66.61%Noncurrent assets plus other real estate owned to assets
1.66%Noncurrent loans to loans
1.48%Net loans and leases to deposits
90.18%Net loans and leases to core deposits
98.44%Equity capital to assets
9.74%Core capital (leverage) ratio
9.54%Tier 1 risk-based capital ratio
12.04%Total risk-based capital ratio
Memoranda
$13Average assets
$48,412Average earning assets
$4,647Average equity
$42,035Average loans

Prairie Security Bank in Yelm, Washington (WA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Prairie Security Bank - Overview

Assets and Liabilities (December 31, 1996)

Income and Expense (December 31, 1996)

Performance and Condition Ratios (December 31, 1996)

Comment about this bank, ask questions, or add new information about it:

Prairie Security Bank in Yelm, Washington (WA)Overview, Financial Summary, Detailed Financial Reports, Branches

Prairie Security Bank - Overview

Assets and Liabilities (December 31, 1996)

Income and Expense (December 31, 1996)

Performance and Condition Ratios (December 31, 1996)

Comment about this bank, ask questions, or add new information about it:

Prairie Security Bank in Yelm, Washington (WA)
Overview, Financial Summary, Detailed Financial Reports, Branches