FDIC Certificate #: 11026 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Farmers State Bank (#15907) Federal Reserve ID: 575357 Date Established: April 02, 1917 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 7067 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: January 01, 1934 Last Structure Change Effective Date: January 05, 2004 Last Structure Change Process Date: January 29, 2004 Last Data Update: January 29, 2004 Data Source Date: April 05, 2012
Location
Address: Main Street, Trenton, NE 69044 County: Hitchcock 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: $19.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2003)
Dollar figures in thousands
6Total employees (full-time equivalent)
$19,566Total assets
$2,562Cash and due from depository institutions
$1,199Interest-bearing balances
$3,210Securities
$550Federal funds sold & reverse repurchase agreements
$12,538Net loans & leases
$144Loan loss allowance
$0Trading account assets
$48Bank premises and fixed assets
$3Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$655All other assets
$19,566Total liabilities and capital
$17,602Total liabilities
$16,889Total deposits
$15,350Interest-bearing deposits
$16,889Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$438Other borrowed funds
$0Subordinated debt
$275All other liabilities
$1,964Total equity capital
$1,964Total bank equity capital
$1,964Perpetual preferred stock
$0Common stock
$100Surplus
$900Undivided profits
Memoranda
$964Noncurrent loans and leases
$2,159Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,155Earning assets
$0Long-term assets (5+ years)
$522Average Assets, year-to-date
$17,497Average Assets, quarterly
$1,842Volatile liabilities
$19,377Insider loans
$19,458FHLB advances
$3,782Loans and leases held for sale
$570Unused loan commitments
$438Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$2,159Total unused commitments
$0Restructured Loans and leases
$144Derivatives
Income and Expense (December 31, 2003)
Dollar figures in thousands
$1,098Total interest income
$356Total interest expense
$742Net interest income
$105Provision for loan and lease losses
$68Total noninterest income
$0Fiduciary activities
$57Service charges on deposit accounts
$0Trading account gains & fees
$11Additional noninterest income
$595Total noninterest expense
$249Salaries and employee benefits
$36Premises and equipment expense
$310Additional noninterest expense
$110Pre-tax net operating income
-$63Securities gains (losses)
$20Applicable income taxes
$27Income before extraordinary items
$0Extraordinary gains - net
$27Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$145Sale, conversion, retirement of capital stock, net
$48Net operating income
Performance and Condition Ratios (December 31, 2003)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.22%Yield on earning assets
2.02%Cost of funding earning assets
4.20%Net interest margin
0.39%Noninterest income to earning assets
3.37%Noninterest expense to earning assets
0.35%Net operating income to assets
0.14%Return on assets (ROA)
0.24%Pretax return on assets
1.37%Return on equity (ROE)
-1.06%Retained earnings to average equity (YTD only)
1.09%Net charge-offs to loans
72.41%Credit loss provision to net charge-offs
1.48%Efficiency ratio
73,457Assets per employee
3.26%Cash dividends to net income (YTD only)
Condition Ratios (%)
177.78%Loss allowance to loans
1.14%Loss allowance to noncurrent loans
12.47%Noncurrent assets plus other real estate owned to assets
5.92%Noncurrent loans to loans
9.11%Net loans and leases to deposits
74.24%Net loans and leases to core deposits
95.66%Equity capital to assets
10.04%Core capital (leverage) ratio
10.12%Tier 1 risk-based capital ratio
13.45%Total risk-based capital ratio
Memoranda
$14Average assets
$19,377Average earning assets
$1,974Average equity
$17,653Average loans
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