Western Bank in Bridgeport, Nebraska (NE)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 01, 1995

Western Bank in Bridgeport, Nebraska (NE)
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Western Bank - Overview

General
FDIC Certificate #: 33488
Status: Inactive
Closing history: Corrections
Acquiring institution: Western Nebraska National Bank (#18890)
Federal Reserve ID: 1886760
Date Established: September 03, 1991
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Interstate: No)
FDIC's unique #: 47212
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: September 03, 1991
Last Structure Change Effective Date: April 01, 1995
Last Structure Change Process Date: April 13, 1995
Last Data Update: May 08, 1995
Data Source Date: April 05, 2012
Location
Address: 1003 Main Street, Bridgeport, NE 69336
County: Morrill
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Grand Island
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: West
History of Changes
Merger - Without Assistance
Corrections
Financial Summary
Total assets: $40.9 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

Dollar figures in thousands
0Total employees (full-time equivalent)
$13Total assets
$42,222Cash and due from depository institutions
$2,735Interest-bearing balances
$300Securities
$6,920Federal funds sold & reverse repurchase agreements
$1,800Net loans & leases
$29,488Loan loss allowance
$249Trading account assets
$0Bank premises and fixed assets
$324Other real estate owned
$0Goodwill and other intangibles
$946Life insurance assets
$9All other assets
$0Total liabilities and capital
$42,222Total liabilities
$38,380Total deposits
$38,172Interest-bearing deposits
$35,405Deposits held in domestic offices
38172.00%% insured (estimated)
$92Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$208Total equity capital
$208Total bank equity capital
$3,842Perpetual preferred stock
$0Common stock
$877Surplus
$1,723Undivided profits
Memoranda
$1,242Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$66Income earned, not collected on loans
$777Earning assets
$38,508Long-term assets (5+ years)
$5,240Average Assets, year-to-date
$36,847Average Assets, quarterly
$42,480Volatile liabilities
$6,308Insider loans
$2,148FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$16,870Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$3,834Total risk weighted assets
$30,656Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$3,035Total interest expense
$1,544Net interest income
$1,491Provision for loan and lease losses
$92Total noninterest income
$103Fiduciary activities
$0Service charges on deposit accounts
$77Trading account gains & fees
$0Additional noninterest income
$26Total noninterest expense
$858Salaries and employee benefits
$433Premises and equipment expense
$110Additional noninterest expense
$315Pre-tax net operating income
$644Securities gains (losses)
-$88Applicable income taxes
$188Income before extraordinary items
$368Extraordinary gains - net
$0Net income attributable to bank
$368Net charge-offs
$131Cash dividends
$78Sale, conversion, retirement of capital stock, net
$1,889Net operating income

Performance and Condition Ratios (December 31, 1994)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.91%Cost of funding earning assets
4.53%Net interest margin
4.38%Noninterest income to earning assets
0.30%Noninterest expense to earning assets
2.52%Net operating income to assets
1.16%Return on assets (ROA)
1.00%Pretax return on assets
1.51%Return on equity (ROE)
11.02%Retained earnings to average equity (YTD only)
8.68%Net charge-offs to loans
0.49%Credit loss provision to net charge-offs
70.23%Efficiency ratio
53,513Assets per employee
3.25%Cash dividends to net income (YTD only)
Condition Ratios (%)
21.20%Loss allowance to loans
0.84%Loss allowance to noncurrent loans
377.27%Noncurrent assets plus other real estate owned to assets
0.16%Noncurrent loans to loans
0.22%Net loans and leases to deposits
77.25%Net loans and leases to core deposits
92.54%Equity capital to assets
9.10%Core capital (leverage) ratio
8.82%Tier 1 risk-based capital ratio
12.51%Total risk-based capital ratio
Memoranda
$13Average assets
$36,847Average earning assets
$3,340Average equity
$34,069Average loans

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