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

Andover State Bank - Overview

  • General
  • FDIC Certificate #: 16410
    Status: Active
    Federal Reserve ID: 225054
    Bank Holding Company (Regulatory Top Holder): Andover Financial Corporation (RSSDID: 1063048, Location: Andover, KS)
    Date Established: November 26, 1916
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 10586
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: April 19, 1946
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: September 28, 2010
    Last Data Update: September 28, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 511 North Andover Road, Andover, KS 67002
    County: Butler
    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
    Metropolitan Statistical Area (MSA): Wichita, KS (#9040)
    Combined Statistical Area (CSA): Wichita-Winfield, KS (#556)
    Core Based Statistical Area (CBSA): Wichita, KS (#48620)
    CBSA Metro Statistical Area: Wichita, KS (#48620)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $65.2 mil
    Equity capital: $5.5 mil
    Deposits held in domestic offices: $57.2 mil
    Return on assets (ROA): 0.39% ($0.3 mil)
    Quarterly return on assets: 0.52% ($0.3 mil)
    Return on Equity (ROE): 4.76% ($0.2 mil)
    Quarterly return on equity: 6.16% ($0.3 mil)
    Net income: $0.3 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.57% ($371.5 mil)
    Quarterly Pretax return on assets: 0.80% ($521.4 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, 2011)

  • Dollar figures in thousands
  • 20Total employees (full-time equivalent)
  • $65,169Total assets
  • $1,537Cash and due from depository institutions
  • $0Interest-bearing balances
  • $2,930Securities
  • $1,813Federal funds sold & reverse repurchase agreements
  • $53,200Net loans & leases
  • $537Loan loss allowance
  • $0Trading account assets
  • $3,680Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $65,169Life insurance assets
  • $2,009All other assets
  • $59,700Total liabilities and capital
  • $57,184Total liabilities
  • $48,407Total deposits
  • $57,184Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $2,080Trading liabilities
  • $0Other borrowed funds
  • $436Subordinated debt
  • $5,469All other liabilities
  • $5,469Total equity capital
  • $5,469Total bank equity capital
  • $500Perpetual preferred stock
  • $200Common stock
  • $700Surplus
  • $4,069Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $204Income earned, not collected on loans
  • $0Earning assets
  • $198Long-term assets (5+ years)
  • $57,943Average Assets, year-to-date
  • $18,173Average Assets, quarterly
  • $64,006Volatile liabilities
  • $64,330Insider loans
  • $50,586FHLB advances
  • $63,786Loans and leases held for sale
  • $1,117Unused loan commitments
  • $1,117Tier 1 (core) risk-based capital
  • $5,438Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $5,459Restructured Loans and leases
  • $567Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,956Total interest income
  • $341Total interest expense
  • $2,615Net interest income
  • $142Provision for loan and lease losses
  • $523Total noninterest income
  • $0Fiduciary activities
  • $131Service charges on deposit accounts
  • $0Trading account gains & fees
  • $392Additional noninterest income
  • $2,680Total noninterest expense
  • $1,342Salaries and employee benefits
  • $529Premises and equipment expense
  • $809Additional noninterest expense
  • $316Pre-tax net operating income
  • $52Securities gains (losses)
  • $118Applicable income taxes
  • $250Income before extraordinary items
  • $0Extraordinary gains - net
  • $250Net income attributable to bank
  • $0Net charge-offs
  • $250Cash dividends
  • -$20Sale, conversion, retirement of capital stock, net
  • $43Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.25%Yield on earning assets
  • 0.61%Cost of funding earning assets
  • 4.65%Net interest margin
  • 0.93%Noninterest income to earning assets
  • 4.76%Noninterest expense to earning assets
  • 0.34%Net operating income to assets
  • 0.39%Return on assets (ROA)
  • 0.57%Pretax return on assets
  • 4.76%Return on equity (ROE)
  • 3.94%Retained earnings to average equity (YTD only)
  • -0.04%Net charge-offs to loans
  • -710.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 85,405Assets per employee
  • 3.26%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 17.20%Loss allowance to loans
  • 1.00%Loss allowance to noncurrent loans
  • 263.24%Noncurrent assets plus other real estate owned to assets
  • 0.31%Noncurrent loans to loans
  • 0.38%Net loans and leases to deposits
  • 93.03%Net loans and leases to core deposits
  • 109.87%Equity capital to assets
  • 8.39%Core capital (leverage) ratio
  • 8.53%Tier 1 risk-based capital ratio
  • 10.75%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $64,006Average earning assets
  • $5,256Average equity
  • $56,268Average loans

List of branches

  • 1 Kansas Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    010586Andover State Bank511 North Andover Road, Andover, KS 67002November 26, 1916Full Service Brick and Mortar

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