The Farmers National Bank in Pilger in Pilger, Nebraska (NE)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 30, 1998

The Farmers National Bank in Pilger in Pilger, Nebraska (NE)
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The Farmers National Bank in Pilger - Overview

General
FDIC Certificate #: 5465
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Midwest Bank National Association (#13255)
Federal Reserve ID: 916455
Date Established: January 01, 1900
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 1 (Interstate: No)
FDIC's unique #: 3701
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: December 30, 1998
Last Structure Change Process Date: January 14, 1999
Last Data Update: January 14, 1999
Data Source Date: April 05, 2012
Location
Address: Main Street, Pilger, NE 68768
County: Stanton
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Omaha
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: West
Core Based Statistical Area (CBSA): Norfolk, NE (#35740)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $20.9 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

Dollar figures in thousands
6Total employees (full-time equivalent)
$24,157Total assets
$4,278Cash and due from depository institutions
$0Interest-bearing balances
$7,137Securities
$0Federal funds sold & reverse repurchase agreements
$12,024Net loans & leases
$412Loan loss allowance
$0Trading account assets
$33Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$685All other assets
$24,157Total liabilities and capital
$21,808Total liabilities
$20,150Total deposits
$16,360Interest-bearing deposits
$20,150Deposits held in domestic offices
0.00%% insured (estimated)
$1,200Federal funds purchased & repurchase agreements
$0Trading liabilities
$90Other borrowed funds
$0Subordinated debt
$368All other liabilities
$2,349Total equity capital
$2,349Total bank equity capital
$2,349Perpetual preferred stock
$0Common stock
$100Surplus
$100Undivided profits
Memoranda
$2,149Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$164Earning assets
$0Long-term assets (5+ years)
$318Average Assets, year-to-date
$19,161Average Assets, quarterly
$2,179Volatile liabilities
$22,064Insider loans
$22,679FHLB advances
$3,140Loans and leases held for sale
$36Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$6,172Total unused commitments
$0Restructured Loans and leases
$14,948Derivatives

Income and Expense (December 31, 1997)

Dollar figures in thousands
$1,766Total interest income
$830Total interest expense
$936Net interest income
$0Provision for loan and lease losses
$165Total noninterest income
$0Fiduciary activities
$45Service charges on deposit accounts
$0Trading account gains & fees
$120Additional noninterest income
$620Total noninterest expense
$406Salaries and employee benefits
$38Premises and equipment expense
$176Additional noninterest expense
$481Pre-tax net operating income
$0Securities gains (losses)
$136Applicable income taxes
$345Income before extraordinary items
$0Extraordinary gains - net
$345Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$2Sale, conversion, retirement of capital stock, net
$1,113Net operating income

Performance and Condition Ratios (December 31, 1997)

Dollar figures in thousands
Performance Ratios (%, annualized)
8.77%Yield on earning assets
4.12%Cost of funding earning assets
4.65%Net interest margin
0.82%Noninterest income to earning assets
3.08%Noninterest expense to earning assets
1.56%Net operating income to assets
1.56%Return on assets (ROA)
2.18%Pretax return on assets
12.40%Return on equity (ROE)
-27.59%Retained earnings to average equity (YTD only)
0.02%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
240.50%Efficiency ratio
56,312Assets per employee
4.03%Cash dividends to net income (YTD only)
Condition Ratios (%)
322.61%Loss allowance to loans
3.31%Loss allowance to noncurrent loans
251.22%Noncurrent assets plus other real estate owned to assets
0.68%Noncurrent loans to loans
1.32%Net loans and leases to deposits
59.67%Net loans and leases to core deposits
65.70%Equity capital to assets
9.72%Core capital (leverage) ratio
10.80%Tier 1 risk-based capital ratio
15.51%Total risk-based capital ratio
Memoranda
$17Average assets
$22,064Average earning assets
$2,783Average equity
$20,144Average loans

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