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

This bank is inactive as of April 29, 2000

Stromsburg Bank in Stromsburg, Nebraska (NE)
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Stromsburg Bank - Overview

General
FDIC Certificate #: 1162
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Heritage Bank (#17145)
Federal Reserve ID: 721958
Date Established: April 01, 1881
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
OTS Docket #: 9778
FDIC's unique #: 794
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: April 29, 2000
Last Structure Change Process Date: May 23, 2000
Last Data Update: May 23, 2000
Data Source Date: April 05, 2012
Location
Address: 200 East Third Street, Stromsburg, NE 68666
County: Polk
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: $30.0 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, 1999)

Dollar figures in thousands
9Total employees (full-time equivalent)
$30,625Total assets
$1,603Cash and due from depository institutions
$893Interest-bearing balances
$10,017Securities
$0Federal funds sold & reverse repurchase agreements
$18,305Net loans & leases
$230Loan loss allowance
$0Trading account assets
$154Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$547All other assets
$30,625Total liabilities and capital
$27,084Total liabilities
$23,411Total deposits
$21,491Interest-bearing deposits
$23,411Deposits held in domestic offices
0.00%% insured (estimated)
$963Federal funds purchased & repurchase agreements
$0Trading liabilities
$2,575Other borrowed funds
$0Subordinated debt
$135All other liabilities
$3,541Total equity capital
$3,541Total bank equity capital
$3,541Perpetual preferred stock
$0Common stock
$160Surplus
$1,840Undivided profits
Memoranda
$1,541Noncurrent loans and leases
$6,586Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$139Earning assets
$0Long-term assets (5+ years)
$468Average Assets, year-to-date
$29,215Average Assets, quarterly
$8,675Volatile liabilities
$30,010Insider loans
$31,104FHLB advances
$3,348Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$6,586Total unused commitments
$0Restructured Loans and leases
$230Derivatives

Income and Expense (December 31, 1999)

Dollar figures in thousands
$2,112Total interest income
$1,047Total interest expense
$1,065Net interest income
$0Provision for loan and lease losses
$171Total noninterest income
$0Fiduciary activities
$116Service charges on deposit accounts
$0Trading account gains & fees
$55Additional noninterest income
$588Total noninterest expense
$356Salaries and employee benefits
$74Premises and equipment expense
$158Additional noninterest expense
$648Pre-tax net operating income
$0Securities gains (losses)
$13Applicable income taxes
$635Income before extraordinary items
$0Extraordinary gains - net
$635Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1999)

Dollar figures in thousands
Performance Ratios (%, annualized)
7.37%Yield on earning assets
3.65%Cost of funding earning assets
3.71%Net interest margin
0.60%Noninterest income to earning assets
2.05%Noninterest expense to earning assets
2.12%Net operating income to assets
2.12%Return on assets (ROA)
2.16%Pretax return on assets
18.97%Return on equity (ROE)
18.97%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
47,573Assets per employee
3.40%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.24%Loss allowance to noncurrent loans
165.47%Noncurrent assets plus other real estate owned to assets
0.45%Noncurrent loans to loans
0.75%Net loans and leases to deposits
78.19%Net loans and leases to core deposits
84.74%Equity capital to assets
11.56%Core capital (leverage) ratio
11.80%Tier 1 risk-based capital ratio
17.71%Total risk-based capital ratio
Memoranda
$19Average assets
$30,010Average earning assets
$3,347Average equity
$28,668Average loans

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