Argentine Federal Savings in Kansas City, Kansas (KS)



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Argentine Federal Savings
GeneralFDIC Certificate #: 28507
Status: Active
Federal Reserve ID: 120476
Date Established: January 01, 1906
WWW: http://www.argentinefed.com
Trust Powers Granted: No
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
Offices: 2 (Domestic: 2, Interstate: No)
OTS Docket #: 1735
FDIC's unique #: 41341
Numeric code: 38
Regulator: OCC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
FDIC Insured: Yes
Insured Savings Institution: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: No
Subchapter S Corporations: No
Asset Concentration Hierarchy: Mortgage Lending Specialization
Date of Deposit Insurance: August 17, 1936
Last Structure Change Effective Date: July 21, 2011
Last Structure Change Process Date: July 21, 2011
Last Data Update: July 21, 2011
Data Source Date: April 05, 2012
LocationAddress: 3004 Strong Ave, Kansas City, KS 66106
County: Wyandotte
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
Metropolitan Statistical Area (MSA): Kansas City, MO-KS (#3760)
Combined Statistical Area (CSA): Kansas City-Overland Park-Kansas City, MO-KS (#312)
Core Based Statistical Area (CBSA): Kansas City, MO-KS (#28140)
CBSA Metro Statistical Area: Kansas City, MO-KS (#28140)
History of ChangesChange in Primary Regulatory Agency
Financial SummaryTotal assets: $60.0 mil
Equity capital: $6.7 mil
Deposits held in domestic offices: $43.6 mil
Return on assets (ROA): 0.40% ($0.2 mil)
Quarterly return on assets: 0.49% ($0.3 mil)
Return on Equity (ROE): 3.58% ($0.3 mil)
Quarterly return on equity: 4.37% ($0.3 mil)
Net income: $0.2 mil
Quarterly Net income: $0.1 mil
Pretax return on assets: 0.67% ($401.7 mil)
Quarterly Pretax return on assets: 0.68% ($407.7 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)
Total employees (full-time equivalent)15
Total assets$59,950
Cash and due from depository institutions$6,782
Interest-bearing balances$6,342
Securities$6,038
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$43,473
Loan loss allowance $104
Trading account assets$0
Bank premises and fixed assets$2,232
Other real estate owned$39
Goodwill and other intangibles$0
All other assets$1,386
Life insurance assets$59,950
Total liabilities and capital$53,236
Total liabilities$43,593
Total deposits$42,557
Interest-bearing deposits$43,593
Deposits held in domestic offices$97
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$9,267
Other borrowed funds $0
Subordinated debt $376
All other liabilities $6,714
Total equity capital$6,714
Total bank equity capital$6,714
Perpetual preferred stock$0
Common stock$0
Surplus$0
Undivided profits $6,714
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $269
Earning assets $0
Long-term assets (5+ years) $233
Average Assets, year-to-date $55,853
Average Assets, quarterly $0
Volatile liabilities $58,629
Insider loans $59,629
FHLB advances $31,648
Loans and leases held for sale $59,950
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $6,714
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $857
Derivatives$0
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $2,841
Total interest expense $861
Net interest income $1,980
Provision for loan and lease losses $6
Total noninterest income $114
Fiduciary activities $0
Service charges on deposit accounts $0
Trading account gains & fees $0
Additional noninterest income $114
Total noninterest expense $1,698
Salaries and employee benefits $1,057
Premises and equipment expense $339
Additional noninterest expense $302
Pre-tax net operating income $390
Securities gains (losses) $0
Applicable income taxes $154
Income before extraordinary items $236
Extraordinary gains - net $0
Net income attributable to bank $236
Net charge-offs $0
Cash dividends $236
Sale, conversion, retirement of capital stock, net $8
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.24%
Cost of funding earning assets 1.59%
Net interest margin 3.65%
Noninterest income to earning assets 0.21%
Noninterest expense to earning assets 3.13%
Net operating income to assets 0.40%
Return on assets (ROA) 0.40%
Pretax return on assets 0.67%
Return on equity (ROE) 3.58%
Retained earnings to average equity (YTD only) 3.58%
Net charge-offs to loans 0.02%
Credit loss provision to net charge-offs 75.00%
Efficiency ratio49.50%
Assets per employee$81,089
Cash dividends to net income (YTD only)4.00%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 0.24%
Noncurrent assets plus other real estate owned to assets 38.66%
Noncurrent loans to loans 0.51%
Net loans and leases to deposits0.62%
Net loans and leases to core deposits 99.72%
Equity capital to assets 102.93%
Core capital (leverage) ratio 11.20%
Tier 1 risk-based capital ratio 11.20%
Total risk-based capital ratio 21.21%
Memoranda
Average assets$22
Average earning assets$58,629
Average equity $6,583
Average loans $54,251
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2 Kansas Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
041341Argentine Federal Savings3004 Strong Ave, Kansas City, KS 66106January 01, 1906Full Service Brick and Mortar
1243837Overland Park Branch12501 Antioch Rd, Overland Park, KS 66213October 01, 1995Full Service Brick and Mortar
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