FDIC Certificate #: 5404 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Citizens State Bank (#5495) Federal Reserve ID: 428659 Date Established: January 01, 1879 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 #: 3651 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: May 04, 2011 Last Structure Change Process Date: June 30, 2011 Last Data Update: June 30, 2011 Data Source Date: April 05, 2012
Location
Address: 150 Maple Street, Friend, NE 68359 County: Saline 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
Financial Summary
Total assets: $39.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2010)
Dollar figures in thousands
6Total employees (full-time equivalent)
$38,352Total assets
$1,666Cash and due from depository institutions
$678Interest-bearing balances
$3,012Securities
$6,341Federal funds sold & reverse repurchase agreements
$26,162Net loans & leases
$436Loan loss allowance
$0Trading account assets
$122Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,049All other assets
$38,352Total liabilities and capital
$34,418Total liabilities
$30,765Total deposits
$23,473Interest-bearing deposits
$30,765Deposits held in domestic offices
93.76%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$3,600Other borrowed funds
$0Subordinated debt
$53All other liabilities
$3,934Total equity capital
$3,934Total bank equity capital
$3,934Perpetual preferred stock
$0Common stock
$200Surplus
$200Undivided profits
Memoranda
$3,534Noncurrent loans and leases
$12,071Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$49Earning assets
$0Long-term assets (5+ years)
$486Average Assets, year-to-date
$36,193Average Assets, quarterly
$7,656Volatile liabilities
$39,335Insider loans
$38,426FHLB advances
$3,999Loans and leases held for sale
$809Unused loan commitments
$3,600Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$12,071Total unused commitments
$0Restructured Loans and leases
$337Derivatives
Income and Expense (December 31, 2010)
Dollar figures in thousands
$1,814Total interest income
$454Total interest expense
$1,360Net interest income
$108Provision for loan and lease losses
$167Total noninterest income
$0Fiduciary activities
$60Service charges on deposit accounts
$0Trading account gains & fees
$107Additional noninterest income
$949Total noninterest expense
$548Salaries and employee benefits
$162Premises and equipment expense
$239Additional noninterest expense
$470Pre-tax net operating income
$19Securities gains (losses)
$14Applicable income taxes
$475Income before extraordinary items
$0Extraordinary gains - net
$475Net income attributable to bank
$0Net charge-offs
$475Cash dividends
-$25Sale, conversion, retirement of capital stock, net
$250Net operating income
Performance and Condition Ratios (December 31, 2010)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.01%Yield on earning assets
1.25%Cost of funding earning assets
3.75%Net interest margin
0.46%Noninterest income to earning assets
2.62%Noninterest expense to earning assets
1.16%Net operating income to assets
1.21%Return on assets (ROA)
1.24%Pretax return on assets
12.50%Return on equity (ROE)
5.92%Retained earnings to average equity (YTD only)
-0.09%Net charge-offs to loans
-432.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
62,148Assets per employee
6.39%Cash dividends to net income (YTD only)
Condition Ratios (%)
52.63%Loss allowance to loans
1.64%Loss allowance to noncurrent loans
889.80%Noncurrent assets plus other real estate owned to assets
0.13%Noncurrent loans to loans
0.18%Net loans and leases to deposits
85.04%Net loans and leases to core deposits
97.74%Equity capital to assets
10.26%Core capital (leverage) ratio
10.00%Tier 1 risk-based capital ratio
14.63%Total risk-based capital ratio
Memoranda
$16Average assets
$39,335Average earning assets
$3,801Average equity
$36,235Average loans
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