Spalding City Bank in Spalding, Nebraska (NE)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 03, 2008

Spalding City Bank in Spalding, Nebraska (NE)
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Spalding City Bank - Overview

General
FDIC Certificate #: 13891
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Citizens State Bank (#5495)
Federal Reserve ID: 534055
Date Established: January 01, 1902
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 8685
Numeric code: 21
Regulator: FDIC
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: Febuary 14, 1934
Last Structure Change Effective Date: October 03, 2008
Last Structure Change Process Date: October 27, 2008
Last Data Update: October 27, 2008
Data Source Date: April 05, 2012
Location
Address: Main Street, Spalding, NE 68665
County: Greeley
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
Financial Summary
Total assets: $34.0 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, 2007)

Dollar figures in thousands
6Total employees (full-time equivalent)
$38,023Total assets
$2,642Cash and due from depository institutions
$0Interest-bearing balances
$9,193Securities
$7,225Federal funds sold & reverse repurchase agreements
$16,415Net loans & leases
$149Loan loss allowance
$0Trading account assets
$364Bank premises and fixed assets
$0Other real estate owned
$1,525Goodwill and other intangibles
$0Life insurance assets
$659All other assets
$38,023Total liabilities and capital
$33,633Total liabilities
$33,136Total deposits
$29,544Interest-bearing deposits
$33,136Deposits held in domestic offices
0.00%% insured (estimated)
$375Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$122All other liabilities
$4,390Total equity capital
$4,390Total bank equity capital
$4,390Perpetual preferred stock
$0Common stock
$250Surplus
$3,967Undivided profits
Memoranda
$173Noncurrent loans and leases
$4,800Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$583Average Assets, year-to-date
$32,833Average Assets, quarterly
$9,103Volatile liabilities
$34,378Insider loans
$35,090FHLB advances
$5,842Loans and leases held for sale
$23Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$4,800Total unused commitments
$94Restructured Loans and leases
$149Derivatives

Income and Expense (December 31, 2007)

Dollar figures in thousands
$1,248Total interest income
$709Total interest expense
$539Net interest income
-$100Provision for loan and lease losses
$52Total noninterest income
$0Fiduciary activities
$13Service charges on deposit accounts
$0Trading account gains & fees
$39Additional noninterest income
$328Total noninterest expense
$178Salaries and employee benefits
$26Premises and equipment expense
$124Additional noninterest expense
$363Pre-tax net operating income
$0Securities gains (losses)
$190Applicable income taxes
$173Income before extraordinary items
$0Extraordinary gains - net
$173Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$42Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2007)

Dollar figures in thousands
Performance Ratios (%, annualized)
4.07%Yield on earning assets
2.31%Cost of funding earning assets
1.76%Net interest margin
0.17%Noninterest income to earning assets
1.07%Noninterest expense to earning assets
0.50%Net operating income to assets
0.50%Return on assets (ROA)
1.06%Pretax return on assets
4.86%Return on equity (ROE)
4.86%Retained earnings to average equity (YTD only)
0.26%Net charge-offs to loans
-238.10%Credit loss provision to net charge-offs
6.26%Efficiency ratio
48,223Assets per employee
6.34%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.90%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
49.54%Net loans and leases to core deposits
59.33%Equity capital to assets
11.55%Core capital (leverage) ratio
8.69%Tier 1 risk-based capital ratio
13.76%Total risk-based capital ratio
Memoranda
$14Average assets
$34,378Average earning assets
$3,558Average equity
$30,629Average loans

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