Bank of Parsons in Parsons, Kansas (KS)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 30, 2011

Bank of Parsons - Overview

  • General
  • FDIC Certificate #: 13857
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First Neodesha Bank (#4736)
    Federal Reserve ID: 480750
    Date Established: July 14, 1903
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 2 (Interstate: No)
    FDIC's unique #: 8665
    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 30, 2011
    Last Structure Change Process Date: August 02, 2011
    Last Data Update: August 02, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 1230 Main Street, Parsons, KS 67357
    County: Labette
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Springfield Mo
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Core Based Statistical Area (CBSA): Parsons, KS (#37660)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $12.4 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, 2010)

  • Dollar figures in thousands
  • 8Total employees (full-time equivalent)
  • $12,296Total assets
  • $3,180Cash and due from depository institutions
  • $2,452Interest-bearing balances
  • $551Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $8,095Net loans & leases
  • $80Loan loss allowance
  • $0Trading account assets
  • $293Bank premises and fixed assets
  • $0Other real estate owned
  • $21Goodwill and other intangibles
  • $0Life insurance assets
  • $156All other assets
  • $12,296Total liabilities and capital
  • $11,437Total liabilities
  • $11,407Total deposits
  • $8,345Interest-bearing deposits
  • $11,407Deposits held in domestic offices
  • 99.67%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $30All other liabilities
  • $859Total equity capital
  • $859Total bank equity capital
  • $859Perpetual preferred stock
  • $0Common stock
  • $90Surplus
  • $498Undivided profits
  • Memoranda
  • $271Noncurrent loans and leases
  • $383Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $0Long-term assets (5+ years)
  • $39Average Assets, year-to-date
  • $11,098Average Assets, quarterly
  • $519Volatile liabilities
  • $12,531Insider loans
  • $12,566FHLB advances
  • $2,282Loans and leases held for sale
  • $524Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $383Total unused commitments
  • $0Restructured Loans and leases
  • $80Derivatives

Income and Expense (December 31, 2010)

  • Dollar figures in thousands
  • $576Total interest income
  • $148Total interest expense
  • $428Net interest income
  • $0Provision for loan and lease losses
  • $151Total noninterest income
  • $0Fiduciary activities
  • $114Service charges on deposit accounts
  • $0Trading account gains & fees
  • $37Additional noninterest income
  • $536Total noninterest expense
  • $260Salaries and employee benefits
  • $115Premises and equipment expense
  • $161Additional noninterest expense
  • $43Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $43Income before extraordinary items
  • $0Extraordinary gains - net
  • $43Net income attributable to bank
  • $0Net charge-offs
  • $43Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $24Net operating income

Performance and Condition Ratios (December 31, 2010)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.10%Yield on earning assets
  • 1.31%Cost of funding earning assets
  • 3.79%Net interest margin
  • 1.34%Noninterest income to earning assets
  • 4.75%Noninterest expense to earning assets
  • 0.34%Net operating income to assets
  • 0.34%Return on assets (ROA)
  • 0.34%Pretax return on assets
  • 5.46%Return on equity (ROE)
  • 2.41%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 92,573Assets per employee
  • 1.54%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 55.81%Loss allowance to loans
  • 0.98%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 70.97%Net loans and leases to core deposits
  • 88.71%Equity capital to assets
  • 6.99%Core capital (leverage) ratio
  • 6.56%Tier 1 risk-based capital ratio
  • 13.17%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $12,531Average earning assets
  • $787Average equity
  • $11,284Average loans

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