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

This bank is inactive as of Febuary 28, 2009

Vermillion State Bank in Vermillion, Kansas (KS)
Show street view No street view available for this location

Vermillion State Bank - Overview

General
FDIC Certificate #: 16404
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: The First National Bank of Centralia (#4636)
Federal Reserve ID: 551557
Date Established: April 10, 1946
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 10581
Numeric code: 21
Regulator: FDIC
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: April 10, 1946
Last Structure Change Effective Date: Febuary 28, 2009
Last Structure Change Process Date: March 03, 2009
Last Data Update: March 03, 2009
Data Source Date: April 05, 2012
Location
Address: Main Street, Vermillion, KS 66544
County: Marshall
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Kansas City
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: Western
Financial Summary
Total assets: $15.4 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, 2008)

Dollar figures in thousands
4Total employees (full-time equivalent)
$15,350Total assets
$308Cash and due from depository institutions
$0Interest-bearing balances
$8,764Securities
$0Federal funds sold & reverse repurchase agreements
$5,499Net loans & leases
$101Loan loss allowance
$0Trading account assets
$42Bank premises and fixed assets
$0Other real estate owned
$405Goodwill and other intangibles
$0Life insurance assets
$332All other assets
$15,350Total liabilities and capital
$12,994Total liabilities
$12,199Total deposits
$10,886Interest-bearing deposits
$12,199Deposits held in domestic offices
0.00%% insured (estimated)
$650Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$145All other liabilities
$2,356Total equity capital
$2,356Total bank equity capital
$2,356Perpetual preferred stock
$0Common stock
$25Surplus
$2,000Undivided profits
Memoranda
$331Noncurrent loans and leases
$747Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$10Earning assets
$0Long-term assets (5+ years)
$213Average Assets, year-to-date
$14,263Average Assets, quarterly
$2,379Volatile liabilities
$15,519Insider loans
$15,463FHLB advances
$1,879Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$747Total unused commitments
$0Restructured Loans and leases
$94Derivatives

Income and Expense (December 31, 2008)

Dollar figures in thousands
$851Total interest income
$332Total interest expense
$519Net interest income
$9Provision for loan and lease losses
$50Total noninterest income
$0Fiduciary activities
$36Service charges on deposit accounts
$0Trading account gains & fees
$14Additional noninterest income
$345Total noninterest expense
$196Salaries and employee benefits
$50Premises and equipment expense
$99Additional noninterest expense
$215Pre-tax net operating income
$26Securities gains (losses)
$5Applicable income taxes
$236Income before extraordinary items
$0Extraordinary gains - net
$236Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$30Sale, conversion, retirement of capital stock, net
$1,570Net operating income

Performance and Condition Ratios (December 31, 2008)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.91%Yield on earning assets
2.31%Cost of funding earning assets
3.61%Net interest margin
0.35%Noninterest income to earning assets
2.40%Noninterest expense to earning assets
1.36%Net operating income to assets
1.52%Return on assets (ROA)
1.55%Pretax return on assets
9.37%Return on equity (ROE)
-52.97%Retained earnings to average equity (YTD only)
0.54%Net charge-offs to loans
30.00%Credit loss provision to net charge-offs
7.47%Efficiency ratio
60,633Assets per employee
3.84%Cash dividends to net income (YTD only)
Condition Ratios (%)
665.25%Loss allowance to loans
1.80%Loss allowance to noncurrent loans
1010.00%Noncurrent assets plus other real estate owned to assets
0.07%Noncurrent loans to loans
0.18%Net loans and leases to deposits
45.08%Net loans and leases to core deposits
50.13%Equity capital to assets
15.35%Core capital (leverage) ratio
12.30%Tier 1 risk-based capital ratio
24.23%Total risk-based capital ratio
Memoranda
$25Average assets
$15,519Average earning assets
$2,518Average equity
$14,396Average 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 Vermillion State Bank.
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.