FDIC Certificate #: 18782 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Bruning State Bank (#18748) Federal Reserve ID: 540458 Date Established: August 09, 1944 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 12643 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: May 17, 1963 Last Structure Change Effective Date: March 15, 2003 Last Structure Change Process Date: March 27, 2003 Last Data Update: March 27, 2003 Data Source Date: April 05, 2012
Location
Address: 102 South Brown Avenue, Clay Center, NE 68933 County: Clay 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 Core Based Statistical Area (CBSA): Hastings, NE (#25580) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $32.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2002)
Dollar figures in thousands
9Total employees (full-time equivalent)
$31,987Total assets
$1,472Cash and due from depository institutions
$400Interest-bearing balances
$10,792Securities
$785Federal funds sold & reverse repurchase agreements
$15,781Net loans & leases
$397Loan loss allowance
$0Trading account assets
$529Bank premises and fixed assets
$0Other real estate owned
$1,227Goodwill and other intangibles
$0Life insurance assets
$1,401All other assets
$31,987Total liabilities and capital
$27,771Total liabilities
$27,635Total deposits
$24,607Interest-bearing deposits
$27,635Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$136All other liabilities
$4,216Total equity capital
$4,216Total bank equity capital
$4,216Perpetual preferred stock
$0Common stock
$236Surplus
$3,275Undivided profits
Memoranda
$705Noncurrent loans and leases
$2,164Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$142Earning assets
$2Long-term assets (5+ years)
$583Average Assets, year-to-date
$27,758Average Assets, quarterly
$2,949Volatile liabilities
$31,071Insider loans
$31,560FHLB advances
$2,239Loans and leases held for sale
$43Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$2,164Total unused commitments
$0Restructured Loans and leases
$244Derivatives
Income and Expense (December 31, 2002)
Dollar figures in thousands
$1,976Total interest income
$786Total interest expense
$1,190Net interest income
$24Provision for loan and lease losses
$195Total noninterest income
$0Fiduciary activities
$82Service charges on deposit accounts
$0Trading account gains & fees
$113Additional noninterest income
$804Total noninterest expense
$433Salaries and employee benefits
$131Premises and equipment expense
$240Additional noninterest expense
$557Pre-tax net operating income
$5Securities gains (losses)
$156Applicable income taxes
$406Income before extraordinary items
$0Extraordinary gains - net
$406Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$86Sale, conversion, retirement of capital stock, net
$36Net operating income
Performance and Condition Ratios (December 31, 2002)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.18%Yield on earning assets
2.85%Cost of funding earning assets
4.32%Net interest margin
0.71%Noninterest income to earning assets
2.92%Noninterest expense to earning assets
1.30%Net operating income to assets
1.31%Return on assets (ROA)
1.81%Pretax return on assets
10.16%Return on equity (ROE)
9.26%Retained earnings to average equity (YTD only)
0.53%Net charge-offs to loans
27.91%Credit loss provision to net charge-offs
6.76%Efficiency ratio
57,617Assets per employee
3.55%Cash dividends to net income (YTD only)
Condition Ratios (%)
8.87%Loss allowance to loans
2.45%Loss allowance to noncurrent loans
279.58%Noncurrent assets plus other real estate owned to assets
0.44%Noncurrent loans to loans
0.88%Net loans and leases to deposits
57.11%Net loans and leases to core deposits
62.14%Equity capital to assets
13.18%Core capital (leverage) ratio
9.33%Tier 1 risk-based capital ratio
14.68%Total risk-based capital ratio
Memoranda
$16Average assets
$31,071Average earning assets
$3,994Average equity
$27,532Average loans
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