The Wakefield National Bank in Wakefield, Nebraska (NE)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 27, 1995

The Wakefield National Bank in Wakefield, Nebraska (NE)
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The Wakefield National Bank - Overview

General
FDIC Certificate #: 5487
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Iowa - Nebraska State Bank (#8354)
Federal Reserve ID: 577454
Date Established: Febuary 15, 1929
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 #: 3719
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: October 27, 1995
Last Structure Change Process Date: November 17, 1995
Last Data Update: November 17, 1995
Data Source Date: April 05, 2012
Location
Address: 406 Main Street, Wakefield, NE 68784
County: Dixon
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Sioux City
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: West
Combined Statistical Area (CSA): Sioux City-Vermillion, IA-NE-SD (#512)
Core Based Statistical Area (CBSA): Sioux City, IA-NE-SD (#43580)
CBSA Metro Statistical Area: Sioux City, IA-NE-SD (#43580)
Financial Summary
Total assets: $17.6 mil

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

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

Dollar figures in thousands
0Total employees (full-time equivalent)
$8Total assets
$17,362Cash and due from depository institutions
$2,523Interest-bearing balances
$2,031Securities
$4,916Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$9,090Loan loss allowance
$244Trading account assets
$0Bank premises and fixed assets
$207Other real estate owned
$0Goodwill and other intangibles
$626Life insurance assets
$0All other assets
$0Total liabilities and capital
$17,362Total liabilities
$16,220Total deposits
$15,868Interest-bearing deposits
$14,191Deposits held in domestic offices
15868.00%% insured (estimated)
$88Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$352Total equity capital
$352Total bank equity capital
$1,142Perpetual preferred stock
$0Common stock
$50Surplus
$75Undivided profits
Memoranda
$1,017Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$123Income earned, not collected on loans
$296Earning assets
$16,037Long-term assets (5+ years)
$1,682Average Assets, year-to-date
$17,336Average Assets, quarterly
$17,517Volatile liabilities
$0Insider loans
$6FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$738Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$1,201Total risk weighted assets
$11,101Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$1,247Total interest expense
$530Net interest income
$717Provision for loan and lease losses
$2Total noninterest income
$55Fiduciary activities
$0Service charges on deposit accounts
$47Trading account gains & fees
$0Additional noninterest income
$8Total noninterest expense
$578Salaries and employee benefits
$317Premises and equipment expense
$55Additional noninterest expense
$206Pre-tax net operating income
$192Securities gains (losses)
$0Applicable income taxes
$63Income before extraordinary items
$129Extraordinary gains - net
$0Net income attributable to bank
$129Net charge-offs
-$2Cash dividends
$80Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1994)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.77%Cost of funding earning assets
3.30%Net interest margin
4.46%Noninterest income to earning assets
0.34%Noninterest expense to earning assets
3.60%Net operating income to assets
0.74%Return on assets (ROA)
0.74%Pretax return on assets
1.11%Return on equity (ROE)
10.97%Retained earnings to average equity (YTD only)
4.17%Net charge-offs to loans
-0.02%Credit loss provision to net charge-offs
-100.00%Efficiency ratio
74,870Assets per employee
2.17%Cash dividends to net income (YTD only)
Condition Ratios (%)
62.02%Loss allowance to loans
2.61%Loss allowance to noncurrent loans
198.37%Noncurrent assets plus other real estate owned to assets
0.71%Noncurrent loans to loans
1.32%Net loans and leases to deposits
57.29%Net loans and leases to core deposits
57.29%Equity capital to assets
6.58%Core capital (leverage) ratio
6.49%Tier 1 risk-based capital ratio
10.82%Total risk-based capital ratio
Memoranda
$12Average assets
$17,336Average earning assets
$1,176Average equity
$16,059Average loans

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