FDIC Certificate #: 17141 Status: Inactive Closing history: Absorption - Without Assistance Acquiring institution:Garnett State Savings Bank (#17317) Federal Reserve ID: 186557 Date Established: October 22, 1901 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) FDIC's unique #: 11181 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: September 12, 1952 Last Structure Change Effective Date: July 16, 2009 Last Structure Change Process Date: July 17, 2009 Last Data Update: July 17, 2009 Data Source Date: April 05, 2012
Location
Address: 118 East Franklin Street, Pomona, KS 66076 County: Franklin Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Kansas City Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: Western Combined Statistical Area (CSA): Kansas City-Overland Park-Kansas City, MO-KS (#312) Core Based Statistical Area (CBSA): Kansas City, MO-KS (#28140) CBSA Metro Statistical Area: Kansas City, MO-KS (#28140)
Financial Summary
Total assets: $24.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2008)
Dollar figures in thousands
11Total employees (full-time equivalent)
$22,194Total assets
$502Cash and due from depository institutions
$0Interest-bearing balances
$5,406Securities
$400Federal funds sold & reverse repurchase agreements
$14,935Net loans & leases
$350Loan loss allowance
$0Trading account assets
$602Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$349All other assets
$22,194Total liabilities and capital
$20,293Total liabilities
$20,140Total deposits
$18,359Interest-bearing deposits
$20,140Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$153All other liabilities
$1,901Total equity capital
$1,901Total bank equity capital
$1,901Perpetual preferred stock
$0Common stock
$75Surplus
$195Undivided profits
Memoranda
$1,631Noncurrent loans and leases
$136Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$873Earning assets
$0Long-term assets (5+ years)
$141Average Assets, year-to-date
$20,741Average Assets, quarterly
$16Volatile liabilities
$23,737Insider loans
$22,652FHLB advances
$1,743Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$136Total unused commitments
$0Restructured Loans and leases
$184Derivatives
Income and Expense (December 31, 2008)
Dollar figures in thousands
$1,532Total interest income
$521Total interest expense
$1,011Net interest income
$561Provision for loan and lease losses
$266Total noninterest income
$0Fiduciary activities
$194Service charges on deposit accounts
$0Trading account gains & fees
$72Additional noninterest income
$1,059Total noninterest expense
$463Salaries and employee benefits
$146Premises and equipment expense
$450Additional noninterest expense
-$343Pre-tax net operating income
$0Securities gains (losses)
-$127Applicable income taxes
-$216Income before extraordinary items
$0Extraordinary gains - net
-$216Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$380Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2008)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.89%Yield on earning assets
2.34%Cost of funding earning assets
4.54%Net interest margin
1.20%Noninterest income to earning assets
4.76%Noninterest expense to earning assets
-0.91%Net operating income to assets
-0.91%Return on assets (ROA)
-1.45%Pretax return on assets
-10.87%Return on equity (ROE)
-10.87%Retained earnings to average equity (YTD only)
2.26%Net charge-offs to loans
147.63%Credit loss provision to net charge-offs
0.57%Efficiency ratio
82,929Assets per employee
2.02%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.29%Loss allowance to noncurrent loans
40.09%Noncurrent assets plus other real estate owned to assets
3.93%Noncurrent loans to loans
5.71%Net loans and leases to deposits
74.16%Net loans and leases to core deposits
81.18%Equity capital to assets
8.57%Core capital (leverage) ratio
8.26%Tier 1 risk-based capital ratio
13.16%Total risk-based capital ratio
Memoranda
$14Average assets
$23,737Average earning assets
$1,987Average equity
$22,246Average loans
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