The Florence State Bank in Florence, Kansas (KS)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 01, 1996

The Florence State Bank in Florence, Kansas (KS)
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The Florence State Bank - Overview

General
FDIC Certificate #: 17600
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Cottonwood Valley Bank (#17160)
Federal Reserve ID: 737052
Date Established: January 01, 1907
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Interstate: No)
FDIC's unique #: 11572
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: May 18, 1956
Last Structure Change Effective Date: April 01, 1996
Last Structure Change Process Date: April 15, 1996
Last Data Update: April 15, 1996
Data Source Date: April 05, 2012
Location
Address: Main Street, Florence, KS 66851
County: Marion
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Wichita
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: Western
Financial Summary
Total assets: $12.1 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

Dollar figures in thousands
0Total employees (full-time equivalent)
$8Total assets
$13,297Cash and due from depository institutions
$868Interest-bearing balances
$0Securities
$2,195Federal funds sold & reverse repurchase agreements
$1,150Net loans & leases
$8,750Loan loss allowance
$150Trading account assets
$0Bank premises and fixed assets
$39Other real estate owned
$0Goodwill and other intangibles
$295Life insurance assets
$0All other assets
$0Total liabilities and capital
$13,297Total liabilities
$12,133Total deposits
$12,022Interest-bearing deposits
$9,853Deposits held in domestic offices
12022.00%% insured (estimated)
$91Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$111Total equity capital
$111Total bank equity capital
$1,164Perpetual preferred stock
$0Common stock
$50Surplus
$150Undivided profits
Memoranda
$964Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$76Income earned, not collected on loans
$226Earning assets
$12,095Long-term assets (5+ years)
$155Average Assets, year-to-date
$12,732Average Assets, quarterly
$13,026Volatile liabilities
$308Insider loans
$2FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$989Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$1,161Total risk weighted assets
$8,742Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1995)

Dollar figures in thousands
$0Total interest income
$1,031Total interest expense
$366Net interest income
$665Provision for loan and lease losses
$15Total noninterest income
$54Fiduciary activities
$0Service charges on deposit accounts
$48Trading account gains & fees
$0Additional noninterest income
$6Total noninterest expense
$363Salaries and employee benefits
$229Premises and equipment expense
$15Additional noninterest expense
$119Pre-tax net operating income
$341Securities gains (losses)
$0Applicable income taxes
$129Income before extraordinary items
$212Extraordinary gains - net
$0Net income attributable to bank
$212Net charge-offs
-$4Cash dividends
$65Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1995)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.76%Cost of funding earning assets
3.11%Net interest margin
5.65%Noninterest income to earning assets
0.46%Noninterest expense to earning assets
3.08%Net operating income to assets
1.67%Return on assets (ROA)
1.67%Pretax return on assets
2.68%Return on equity (ROE)
19.85%Retained earnings to average equity (YTD only)
13.76%Net charge-offs to loans
-0.04%Credit loss provision to net charge-offs
-375.00%Efficiency ratio
50,487Assets per employee
1.66%Cash dividends to net income (YTD only)
Condition Ratios (%)
30.66%Loss allowance to loans
1.69%Loss allowance to noncurrent loans
197.37%Noncurrent assets plus other real estate owned to assets
0.57%Noncurrent loans to loans
0.85%Net loans and leases to deposits
72.78%Net loans and leases to core deposits
74.70%Equity capital to assets
8.75%Core capital (leverage) ratio
8.73%Tier 1 risk-based capital ratio
13.28%Total risk-based capital ratio
Memoranda
$15Average assets
$12,732Average earning assets
$1,068Average equity
$11,774Average loans

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