BankFirst in Norfolk, Nebraska (NE)

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Table of contents:
GeneralFDIC 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
LocationAddress: 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 SummaryTotal 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)
Total employees (full-time equivalent)69
Total assets$276,218
Cash and due from depository institutions$13,496
Interest-bearing balances$2,912
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$183,993
Loan loss allowance $2,401
Trading account assets$0
Bank premises and fixed assets$3,063
Other real estate owned$1,251
Goodwill and other intangibles$5,254
All other assets$7,143
Life insurance assets$276,218
Total liabilities and capital$241,366
Total liabilities$224,441
Total deposits$191,522
Interest-bearing deposits$224,441
Deposits held in domestic offices$84
% insured (estimated)8890.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$7,020
Other borrowed funds $0
Subordinated debt $1,015
All other liabilities $34,852
Total equity capital$34,852
Total bank equity capital$34,852
Perpetual preferred stock$0
Common stock$1,500
Undivided profits $18,844
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $737
Income earned, not collected on loans $890
Earning assets $321
Long-term assets (5+ years) $2,045
Average Assets, year-to-date $248,923
Average Assets, quarterly $53,602
Volatile liabilities $268,993
Insider loans $273,866
FHLB advances $201,898
Loans and leases held for sale $268,086
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $29,623
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $29,663
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $12,457
Total interest expense $2,531
Net interest income $9,926
Provision for loan and lease losses $600
Total noninterest income $2,023
Fiduciary activities $0
Service charges on deposit accounts $1,233
Trading account gains & fees $0
Additional noninterest income $790
Total noninterest expense $6,236
Salaries and employee benefits $3,826
Premises and equipment expense $716
Additional noninterest expense $1,694
Pre-tax net operating income $5,113
Securities gains (losses) $318
Applicable income taxes $1,693
Income before extraordinary items $3,738
Extraordinary gains - net $0
Net income attributable to bank $3,738
Net charge-offs $0
Cash dividends $3,738
Sale, conversion, retirement of capital stock, net $975
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 assets5.08%
Cost of funding earning assets 1.03%
Net interest margin 4.05%
Noninterest income to earning assets 0.83%
Noninterest expense to earning assets 2.54%
Net operating income to assets 1.31%
Return on assets (ROA) 1.39%
Pretax return on assets 2.02%
Return on equity (ROE) 11.30%
Retained earnings to average equity (YTD only) 11.30%
Net charge-offs to loans 0.53%
Credit loss provision to net charge-offs 61.54%
Efficiency ratio5.86%
Assets per employee$52,188
Cash dividends to net income (YTD only)4.00%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.29%
Noncurrent assets plus other real estate owned to assets 269.78%
Noncurrent loans to loans 0.78%
Net loans and leases to deposits0.48%
Net loans and leases to core deposits 81.98%
Equity capital to assets 84.64%
Core capital (leverage) ratio 12.62%
Tier 1 risk-based capital ratio 11.05%
Total risk-based capital ratio 14.67%
Average assets$16
Average earning assets$268,993
Average equity $33,090
Average loans $245,122
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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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