FDIC Certificate #: 5479 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Cornerstone Bank (#5496) Federal Reserve ID: 535650 Date Established: January 01, 1888 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) OTS Docket #: 10699 FDIC's unique #: 3713 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: Febuary 22, 2001 Last Structure Change Process Date: March 08, 2001 Last Data Update: March 08, 2001 Data Source Date: April 05, 2012
Location
Address: 123 East Fourth Street, Stromsburg, NE 68666 County: Polk 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: $25.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2000)
Dollar figures in thousands
10Total employees (full-time equivalent)
$25,919Total assets
$646Cash and due from depository institutions
$0Interest-bearing balances
$8,240Securities
$175Federal funds sold & reverse repurchase agreements
$15,824Net loans & leases
$262Loan loss allowance
$0Trading account assets
$119Bank premises and fixed assets
$285Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$630All other assets
$25,919Total liabilities and capital
$22,885Total liabilities
$18,676Total deposits
$17,792Interest-bearing deposits
$18,676Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$4,034Other borrowed funds
$0Subordinated debt
$175All other liabilities
$3,034Total equity capital
$3,034Total bank equity capital
$3,034Perpetual preferred stock
$0Common stock
$50Surplus
$100Undivided profits
Memoranda
$2,884Noncurrent loans and leases
$2,237Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$766Earning assets
$0Long-term assets (5+ years)
$419Average Assets, year-to-date
$24,239Average Assets, quarterly
$889Volatile liabilities
$25,460Insider loans
$26,058FHLB advances
$2,475Loans and leases held for sale
$336Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$2,237Total unused commitments
$0Restructured Loans and leases
$226Derivatives
Income and Expense (December 31, 2000)
Dollar figures in thousands
$1,896Total interest income
$1,085Total interest expense
$811Net interest income
$10Provision for loan and lease losses
$168Total noninterest income
$0Fiduciary activities
$96Service charges on deposit accounts
$0Trading account gains & fees
$72Additional noninterest income
$656Total noninterest expense
$370Salaries and employee benefits
$76Premises and equipment expense
$210Additional noninterest expense
$313Pre-tax net operating income
$38Securities gains (losses)
$98Applicable income taxes
$253Income before extraordinary items
$0Extraordinary gains - net
$253Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$1Sale, conversion, retirement of capital stock, net
$25Net operating income
Performance and Condition Ratios (December 31, 2000)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.93%Yield on earning assets
4.54%Cost of funding earning assets
3.39%Net interest margin
0.70%Noninterest income to earning assets
2.75%Noninterest expense to earning assets
0.89%Net operating income to assets
0.99%Return on assets (ROA)
1.38%Pretax return on assets
8.98%Return on equity (ROE)
8.09%Retained earnings to average equity (YTD only)
0.01%Net charge-offs to loans
1000.00%Credit loss provision to net charge-offs
323.00%Efficiency ratio
67,007Assets per employee
2.59%Cash dividends to net income (YTD only)
Condition Ratios (%)
9.88%Loss allowance to loans
1.63%Loss allowance to noncurrent loans
34.20%Noncurrent assets plus other real estate owned to assets
4.05%Noncurrent loans to loans
4.76%Net loans and leases to deposits
84.73%Net loans and leases to core deposits
92.53%Equity capital to assets
11.71%Core capital (leverage) ratio
11.35%Tier 1 risk-based capital ratio
17.09%Total risk-based capital ratio
Memoranda
$18Average assets
$25,460Average earning assets
$2,818Average equity
$23,897Average loans
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