The First National Bank of West Point in West Point, Nebraska (NE)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 12, 2000

The First National Bank of West Point in West Point, Nebraska (NE)
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The First National Bank of West Point - Overview

General
FDIC Certificate #: 5492
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Wells Fargo Bank Nebraska, National Association (#5457)
Federal Reserve ID: 583455
Date Established: January 01, 1885
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 #: 13319
FDIC's unique #: 3723
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: August 12, 2000
Last Structure Change Process Date: September 11, 2000
Last Data Update: September 11, 2000
Data Source Date: April 05, 2012
Location
Address: Main Street, West Point, NE 68788
County: Cuming
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: $97.2 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, 1999)

Dollar figures in thousands
30Total employees (full-time equivalent)
$84,114Total assets
$3,466Cash and due from depository institutions
$72Interest-bearing balances
$21,438Securities
$0Federal funds sold & reverse repurchase agreements
$56,476Net loans & leases
$884Loan loss allowance
$0Trading account assets
$1,076Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,658All other assets
$84,114Total liabilities and capital
$78,542Total liabilities
$63,323Total deposits
$57,219Interest-bearing deposits
$63,323Deposits held in domestic offices
0.00%% insured (estimated)
$4,860Federal funds purchased & repurchase agreements
$0Trading liabilities
$9,716Other borrowed funds
$0Subordinated debt
$643All other liabilities
$5,572Total equity capital
$5,572Total bank equity capital
$5,572Perpetual preferred stock
$0Common stock
$500Surplus
$500Undivided profits
Memoranda
$4,572Noncurrent loans and leases
$14,337Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$16Earning assets
$0Long-term assets (5+ years)
$770Average Assets, year-to-date
$77,986Average Assets, quarterly
$15,860Volatile liabilities
$79,307Insider loans
$83,483FHLB advances
$14,800Loans and leases held for sale
$1,080Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$14,337Total unused commitments
$0Restructured Loans and leases
$797Derivatives

Income and Expense (December 31, 1999)

Dollar figures in thousands
$5,986Total interest income
$3,065Total interest expense
$2,921Net interest income
$157Provision for loan and lease losses
$450Total noninterest income
$0Fiduciary activities
$155Service charges on deposit accounts
$0Trading account gains & fees
$295Additional noninterest income
$1,722Total noninterest expense
$967Salaries and employee benefits
$159Premises and equipment expense
$596Additional noninterest expense
$1,483Pre-tax net operating income
$9Securities gains (losses)
$530Applicable income taxes
$962Income before extraordinary items
$0Extraordinary gains - net
$962Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$160Sale, conversion, retirement of capital stock, net
$300Net operating income

Performance and Condition Ratios (December 31, 1999)

Dollar figures in thousands
Performance Ratios (%, annualized)
8.10%Yield on earning assets
4.15%Cost of funding earning assets
3.95%Net interest margin
0.61%Noninterest income to earning assets
2.33%Noninterest expense to earning assets
1.21%Net operating income to assets
1.21%Return on assets (ROA)
1.88%Pretax return on assets
17.72%Return on equity (ROE)
12.20%Retained earnings to average equity (YTD only)
0.30%Net charge-offs to loans
98.13%Credit loss provision to net charge-offs
10.25%Efficiency ratio
51,083Assets per employee
2.80%Cash dividends to net income (YTD only)
Condition Ratios (%)
31.19%Loss allowance to loans
1.54%Loss allowance to noncurrent loans
5525.00%Noncurrent assets plus other real estate owned to assets
0.02%Noncurrent loans to loans
0.03%Net loans and leases to deposits
89.19%Net loans and leases to core deposits
101.06%Equity capital to assets
6.62%Core capital (leverage) ratio
7.14%Tier 1 risk-based capital ratio
9.36%Total risk-based capital ratio
Memoranda
$11Average assets
$79,307Average earning assets
$5,428Average equity
$73,879Average loans

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