FDIC Certificate #: 10506 Status: Inactive Closing history: Absorption - Assisted Acquiring institution:The Bennington State Bank (#16402) Federal Reserve ID: 2451 Date Established: January 28, 1903 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 2 (Interstate: No) OTS Docket #: 15933 FDIC's unique #: 6725 Numeric code: 13 Regulator: FED Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: July 23, 2010 Last Structure Change Process Date: July 27, 2010 Last Data Update: July 27, 2010 Data Source Date: April 05, 2012
Location
Address: 102 North Main Street, Sylvan Grove, KS 67481 County: Lincoln Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Hays Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: Western
Financial Summary
Total assets: $28.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
18Total employees (full-time equivalent)
$37,789Total assets
$5,071Cash and due from depository institutions
$3,890Interest-bearing balances
$76Securities
$2,675Federal funds sold & reverse repurchase agreements
$26,803Net loans & leases
$1,262Loan loss allowance
$0Trading account assets
$322Bank premises and fixed assets
$553Other real estate owned
$421Goodwill and other intangibles
$0Life insurance assets
$1,868All other assets
$37,789Total liabilities and capital
$34,984Total liabilities
$33,907Total deposits
$30,749Interest-bearing deposits
$33,907Deposits held in domestic offices
100.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$1,021Other borrowed funds
$0Subordinated debt
$56All other liabilities
$2,805Total equity capital
$2,805Total bank equity capital
$2,805Perpetual preferred stock
$0Common stock
$50Surplus
$3,889Undivided profits
Memoranda
$-1,134Noncurrent loans and leases
$392Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$940Earning assets
$0Long-term assets (5+ years)
$260Average Assets, year-to-date
$33,444Average Assets, quarterly
$7,696Volatile liabilities
$39,321Insider loans
$37,995FHLB advances
$2,945Loans and leases held for sale
$1,107Unused loan commitments
$1,021Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$324Total risk weighted assets
$392Total unused commitments
$127Restructured Loans and leases
$399Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$2,029Total interest income
$969Total interest expense
$1,060Net interest income
$892Provision for loan and lease losses
$972Total noninterest income
$0Fiduciary activities
$90Service charges on deposit accounts
$0Trading account gains & fees
$882Additional noninterest income
$2,149Total noninterest expense
$1,036Salaries and employee benefits
$84Premises and equipment expense
$1,029Additional noninterest expense
-$1,009Pre-tax net operating income
$0Securities gains (losses)
-$318Applicable income taxes
-$691Income before extraordinary items
$0Extraordinary gains - net
-$691Net income attributable to bank
$0Net charge-offs
-$691Cash dividends
$128Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.76%Yield on earning assets
2.75%Cost of funding earning assets
3.01%Net interest margin
2.76%Noninterest income to earning assets
6.10%Noninterest expense to earning assets
-1.76%Net operating income to assets
-1.76%Return on assets (ROA)
-2.57%Pretax return on assets
-23.00%Return on equity (ROE)
-23.00%Retained earnings to average equity (YTD only)
0.43%Net charge-offs to loans
696.88%Credit loss provision to net charge-offs
-0.91%Efficiency ratio
105,758Assets per employee
2.10%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
4.50%Loss allowance to noncurrent loans
134.26%Noncurrent assets plus other real estate owned to assets
3.95%Noncurrent loans to loans
3.35%Net loans and leases to deposits
79.05%Net loans and leases to core deposits
86.57%Equity capital to assets
7.42%Core capital (leverage) ratio
6.03%Tier 1 risk-based capital ratio
7.29%Total risk-based capital ratio
Memoranda
$9Average assets
$39,321Average earning assets
$3,004Average equity
$35,253Average loans
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