BankFirst in Norfolk, Nebraska (NE)
Overview, Financial Summary, Detailed Financial Reports, Branches

BankFirst - Overview

  • General
  • FDIC Certificate #: 20130
    Status: Active
    Federal Reserve ID: 117458
    Bank Holding Company (Regulatory Top Holder): North Central Bancorp, Inc. (RSSDID: 2834076, Location: Norfolk, NE)
    Date Established: Febuary 09, 1970
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 8 (Domestic: 8, Interstate: No)
    OTS Docket #: 11510
    FDIC's unique #: 13828
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Agricultural lending institution: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: Febuary 09, 1970
    Last Structure Change Effective Date: October 05, 2006
    Last Structure Change Process Date: October 05, 2006
    Last Data Update: October 05, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 13th Street And Norfolk Avenue, Norfolk, NE 68701
    County: Madison
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Sioux City
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: West
    Core Based Statistical Area (CBSA): Norfolk, NE (#35740)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $276.2 mil
    Equity capital: $34.9 mil
    Deposits held in domestic offices: $224.4 mil
    Return on assets (ROA): 1.39% ($3.8 mil)
    Quarterly return on assets: 1.35% ($3.7 mil)
    Return on Equity (ROE): 11.30% ($4.0 mil)
    Quarterly return on equity: 10.74% ($3.8 mil)
    Net income: $3.7 mil
    Quarterly Net income: $0.9 mil
    Pretax return on assets: 2.02% ($5,579.6 mil)
    Quarterly Pretax return on assets: 1.97% ($5,441.5 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
  • 69Total employees (full-time equivalent)
  • $276,218Total assets
  • $13,496Cash and due from depository institutions
  • $2,912Interest-bearing balances
  • $62,018Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $183,993Net loans & leases
  • $2,401Loan loss allowance
  • $0Trading account assets
  • $3,063Bank premises and fixed assets
  • $1,251Other real estate owned
  • $5,254Goodwill and other intangibles
  • $276,218Life insurance assets
  • $7,143All other assets
  • $241,366Total liabilities and capital
  • $224,441Total liabilities
  • $191,522Total deposits
  • $224,441Interest-bearing deposits
  • $84Deposits held in domestic offices
  • 8890.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $7,020Trading liabilities
  • $0Other borrowed funds
  • $1,015Subordinated debt
  • $34,852All other liabilities
  • $34,852Total equity capital
  • $34,852Total bank equity capital
  • $0Perpetual preferred stock
  • $1,500Common stock
  • $14,508Surplus
  • $18,844Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $737Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $890Income earned, not collected on loans
  • $321Earning assets
  • $2,045Long-term assets (5+ years)
  • $248,923Average Assets, year-to-date
  • $53,602Average Assets, quarterly
  • $268,993Volatile liabilities
  • $273,866Insider loans
  • $201,898FHLB advances
  • $268,086Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $29,623Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $29,663Restructured Loans and leases
  • $1,036Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $12,457Total interest income
  • $2,531Total interest expense
  • $9,926Net interest income
  • $600Provision for loan and lease losses
  • $2,023Total noninterest income
  • $0Fiduciary activities
  • $1,233Service charges on deposit accounts
  • $0Trading account gains & fees
  • $790Additional noninterest income
  • $6,236Total noninterest expense
  • $3,826Salaries and employee benefits
  • $716Premises and equipment expense
  • $1,694Additional noninterest expense
  • $5,113Pre-tax net operating income
  • $318Securities gains (losses)
  • $1,693Applicable income taxes
  • $3,738Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,738Net income attributable to bank
  • $0Net charge-offs
  • $3,738Cash dividends
  • $975Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.08%Yield on earning assets
  • 1.03%Cost of funding earning assets
  • 4.05%Net interest margin
  • 0.83%Noninterest income to earning assets
  • 2.54%Noninterest expense to earning assets
  • 1.31%Net operating income to assets
  • 1.39%Return on assets (ROA)
  • 2.02%Pretax return on assets
  • 11.30%Return on equity (ROE)
  • 11.30%Retained earnings to average equity (YTD only)
  • 0.53%Net charge-offs to loans
  • 61.54%Credit loss provision to net charge-offs
  • 5.86%Efficiency ratio
  • 52,188Assets per employee
  • 4.00%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.29%Loss allowance to noncurrent loans
  • 269.78%Noncurrent assets plus other real estate owned to assets
  • 0.78%Noncurrent loans to loans
  • 0.48%Net loans and leases to deposits
  • 81.98%Net loans and leases to core deposits
  • 84.64%Equity capital to assets
  • 12.62%Core capital (leverage) ratio
  • 11.05%Tier 1 risk-based capital ratio
  • 14.67%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $268,993Average earning assets
  • $33,090Average equity
  • $245,122Average loans

List of branches

  • 8 Nebraska Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    013828Bankfirst13th Street And Norfolk Avenue, Norfolk, NE 68701Febuary 09, 1970Full Service Brick and Mortar
    1250331Drive-In Facility920 South 13th Street, Norfolk, NE 68701April 13, 1974Limited Service Facility
    2250332Northside Facility1211 Riverside Boulevard, Norfolk, NE 68701December 22, 1980Limited Service Facility
    4277095220 West 7th Street Branch220 West 7th Street, Wayne, NE 68787January 01, 1886Full Service Brick and Mortar
    542609Bankfirst Columbus Main Office1371 26th Avenue, Columbus, NE 68601January 01, 1886Full Service Brick and Mortar
    6277097Bankfirst Columbus Branch2530 23rd Street, Columbus, NE 68601January 01, 1886Limited Service Facility
    7440375Bankfirst - Ord Branch2710 'l' Street, Ord, NE 68862May 11, 2005Full Service Brick and Mortar
    8441976O'neill Branch319 East Highway 20, Oneill, NE 68763July 18, 2005Full Service Brick and Mortar

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