Commercial State Bank in Elsie, Nebraska (NE)



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Commercial State Bank
GeneralFDIC Certificate #: 17171
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Bank of Keystone (#9817)
Federal Reserve ID: 255958
Date Established: August 01, 1907
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 11206
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: January 14, 1953
Last Structure Change Effective Date: January 01, 2005
Last Structure Change Process Date: January 04, 2005
Last Data Update: January 04, 2005
Data Source Date: April 05, 2012
LocationAddress: Main Street, Elsie, NE 69134
County: Perkins
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Grand Island
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: West
Financial SummaryTotal assets: $13.2 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, 2004)
(Dollar figures in thousands)
Total employees (full-time equivalent)5
Total assets$13,187
Cash and due from depository institutions$1,583
Interest-bearing balances$0
Securities$612
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$10,550
Loan loss allowance $222
Trading account assets$0
Bank premises and fixed assets$21
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$421
Life insurance assets$0
Total liabilities and capital$13,187
Total liabilities$11,890
Total deposits$11,382
Interest-bearing deposits$8,962
Deposits held in domestic offices$11,382
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $350
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $158
Total equity capital$1,297
Total bank equity capital$1,297
Perpetual preferred stock$1,297
Common stock$0
Surplus$120
Undivided profits $480
Memoranda
Noncurrent loans and leases $697
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $4,394
Income earned, not collected on loans $0
Earning assets $41
Long-term assets (5+ years) $0
Average Assets, year-to-date $363
Average Assets, quarterly $11,162
Volatile liabilities $755
Insider loans $12,175
FHLB advances $12,623
Loans and leases held for sale $2,398
Unused loan commitments $100
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $4,394
Restructured Loans and leases $0
Derivatives$145
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Income and Expense (December 31, 2004)
(Dollar figures in thousands)
Total interest income $789
Total interest expense $185
Net interest income $604
Provision for loan and lease losses $22
Total noninterest income $63
Fiduciary activities $0
Service charges on deposit accounts $62
Trading account gains & fees $0
Additional noninterest income $1
Total noninterest expense $418
Salaries and employee benefits $275
Premises and equipment expense $52
Additional noninterest expense $91
Pre-tax net operating income $227
Securities gains (losses) $0
Applicable income taxes $80
Income before extraordinary items $147
Extraordinary gains - net $0
Net income attributable to bank $147
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net -$9
Net operating income $50
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Performance and Condition Ratios (December 31, 2004)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets7.33%
Cost of funding earning assets 1.72%
Net interest margin 5.61%
Noninterest income to earning assets 0.59%
Noninterest expense to earning assets 3.88%
Net operating income to assets 1.21%
Return on assets (ROA) 1.21%
Pretax return on assets 1.86%
Return on equity (ROE) 11.59%
Retained earnings to average equity (YTD only) 7.65%
Net charge-offs to loans -0.09%
Credit loss provision to net charge-offs -244.44%
Efficiency ratio0.00%
Assets per employee$62,669
Cash dividends to net income (YTD only)2.64%
Condition Ratios (%)
Loss allowance to loans 34.01%
Loss allowance to noncurrent loans 2.06%
Noncurrent assets plus other real estate owned to assets 541.46%
Noncurrent loans to loans 0.31%
Net loans and leases to deposits0.38%
Net loans and leases to core deposits 92.69%
Equity capital to assets 113.03%
Core capital (leverage) ratio 9.84%
Tier 1 risk-based capital ratio 10.39%
Total risk-based capital ratio 11.25%
Memoranda
Average assets$13
Average earning assets$12,175
Average equity $1,268
Average loans $10,763
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