FDIC Certificate #: 5372 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Cornerstone Bank (#5496) Federal Reserve ID: 965855 Date Established: January 02, 1890 WWW:http://www.albionnationalbank.com Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 3 (Interstate: No) FDIC's unique #: 3625 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: No Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: October 21, 2005 Last Structure Change Process Date: November 10, 2005 Last Data Update: November 10, 2005 Data Source Date: April 05, 2012
Location
Address: 240 South 3rd Street, Albion, NE 68620 County: Boone 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: $71.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2004)
Dollar figures in thousands
20Total employees (full-time equivalent)
$66,373Total assets
$3,429Cash and due from depository institutions
$0Interest-bearing balances
$23,916Securities
$1,500Federal funds sold & reverse repurchase agreements
$35,418Net loans & leases
$557Loan loss allowance
$0Trading account assets
$681Bank premises and fixed assets
$0Other real estate owned
$228Goodwill and other intangibles
$0Life insurance assets
$1,201All other assets
$66,373Total liabilities and capital
$60,170Total liabilities
$59,833Total deposits
$55,363Interest-bearing deposits
$59,833Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$97Other borrowed funds
$0Subordinated debt
$240All other liabilities
$6,203Total equity capital
$6,203Total bank equity capital
$6,203Perpetual preferred stock
$0Common stock
$300Surplus
$3,775Undivided profits
Memoranda
$2,128Noncurrent loans and leases
$6,093Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$861Earning assets
$0Long-term assets (5+ years)
$659Average Assets, year-to-date
$60,834Average Assets, quarterly
$3,697Volatile liabilities
$63,103Insider loans
$65,036FHLB advances
$11,060Loans and leases held for sale
$1,821Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$6,093Total unused commitments
$0Restructured Loans and leases
$495Derivatives
Income and Expense (December 31, 2004)
Dollar figures in thousands
$3,156Total interest income
$1,026Total interest expense
$2,130Net interest income
$18Provision for loan and lease losses
$401Total noninterest income
$0Fiduciary activities
$149Service charges on deposit accounts
$0Trading account gains & fees
$252Additional noninterest income
$1,556Total noninterest expense
$885Salaries and employee benefits
$194Premises and equipment expense
$477Additional noninterest expense
$957Pre-tax net operating income
$3Securities gains (losses)
$194Applicable income taxes
$766Income before extraordinary items
$0Extraordinary gains - net
$766Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$71Sale, conversion, retirement of capital stock, net
$400Net operating income
Performance and Condition Ratios (December 31, 2004)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.44%Yield on earning assets
1.77%Cost of funding earning assets
3.67%Net interest margin
0.69%Noninterest income to earning assets
2.68%Noninterest expense to earning assets
1.21%Net operating income to assets
1.21%Return on assets (ROA)
1.52%Pretax return on assets
12.64%Return on equity (ROE)
6.04%Retained earnings to average equity (YTD only)
0.21%Net charge-offs to loans
25.35%Credit loss provision to net charge-offs
13.73%Efficiency ratio
61,478Assets per employee
3.32%Cash dividends to net income (YTD only)
Condition Ratios (%)
52.22%Loss allowance to loans
1.55%Loss allowance to noncurrent loans
64.69%Noncurrent assets plus other real estate owned to assets
1.30%Noncurrent loans to loans
2.39%Net loans and leases to deposits
59.19%Net loans and leases to core deposits
72.47%Equity capital to assets
9.35%Core capital (leverage) ratio
9.34%Tier 1 risk-based capital ratio
15.26%Total risk-based capital ratio
Memoranda
$17Average assets
$63,103Average earning assets
$6,058Average equity
$57,978Average loans
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