FDIC Certificate #: 5485 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Security First Bank (#5415) Federal Reserve ID: 477657 Date Established: January 01, 1902 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 #: 13858 FDIC's unique #: 3717 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: Febuary 02, 2010 Last Structure Change Process Date: Febuary 19, 2010 Last Data Update: Febuary 19, 2010 Data Source Date: April 05, 2012
Location
Address: 253 North Main, Valentine, NE 69201 County: Cherry 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: $97.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2009)
Dollar figures in thousands
11Total employees (full-time equivalent)
$97,569Total assets
$23,523Cash and due from depository institutions
$17,585Interest-bearing balances
$18,590Securities
$8,750Federal funds sold & reverse repurchase agreements
$41,916Net loans & leases
$793Loan loss allowance
$0Trading account assets
$1,065Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$3,725All other assets
$97,569Total liabilities and capital
$88,766Total liabilities
$84,447Total deposits
$75,939Interest-bearing deposits
$84,447Deposits held in domestic offices
92.40%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$3,993Other borrowed funds
$0Subordinated debt
$326All other liabilities
$8,803Total equity capital
$8,803Total bank equity capital
$8,803Perpetual preferred stock
$0Common stock
$200Surplus
$500Undivided profits
Memoranda
$8,103Noncurrent loans and leases
$8,577Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,620Earning assets
$0Long-term assets (5+ years)
$695Average Assets, year-to-date
$86,841Average Assets, quarterly
$31,162Volatile liabilities
$117,105Insider loans
$100,221FHLB advances
$22,750Loans and leases held for sale
$3,014Unused loan commitments
$3,993Tier 1 (core) risk-based capital
$2,625Tier 2 risk-based capital
$0Total risk weighted assets
$8,577Total unused commitments
$0Restructured Loans and leases
$701Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$4,770Total interest income
$3,302Total interest expense
$1,468Net interest income
$230Provision for loan and lease losses
$82Total noninterest income
$0Fiduciary activities
$158Service charges on deposit accounts
$0Trading account gains & fees
-$76Additional noninterest income
$4,640Total noninterest expense
$725Salaries and employee benefits
$218Premises and equipment expense
$3,697Additional noninterest expense
-$3,320Pre-tax net operating income
$156Securities gains (losses)
-$610Applicable income taxes
-$2,554Income before extraordinary items
$0Extraordinary gains - net
-$2,554Net income attributable to bank
$0Net charge-offs
-$2,554Cash dividends
$262Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.62%Yield on earning assets
3.20%Cost of funding earning assets
1.42%Net interest margin
0.08%Noninterest income to earning assets
4.50%Noninterest expense to earning assets
-2.29%Net operating income to assets
-2.18%Return on assets (ROA)
-2.70%Pretax return on assets
-25.18%Return on equity (ROE)
-25.18%Retained earnings to average equity (YTD only)
0.51%Net charge-offs to loans
87.79%Credit loss provision to net charge-offs
-11.79%Efficiency ratio
299,355Assets per employee
8.87%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.86%Loss allowance to noncurrent loans
48.95%Noncurrent assets plus other real estate owned to assets
1.66%Noncurrent loans to loans
3.79%Net loans and leases to deposits
49.64%Net loans and leases to core deposits
67.94%Equity capital to assets
9.02%Core capital (leverage) ratio
7.59%Tier 1 risk-based capital ratio
13.52%Total risk-based capital ratio
Memoranda
$15Average assets
$117,105Average earning assets
$10,144Average equity
$103,150Average loans
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with The First National Bank of Valentine.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: