De Witt State Bank in De Witt, Nebraska (NE)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 01, 2010

De Witt State Bank in De Witt, Nebraska (NE)
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De Witt State Bank - Overview

General
FDIC Certificate #: 8339
Status: Inactive
Closing history: Absorption - Without Assistance
Acquiring institution: First State Bank (#13868)
Federal Reserve ID: 422358
Date Established: January 01, 1903
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Interstate: No)
OTS Docket #: 52192
FDIC's unique #: 5323
Numeric code: 21
Regulator: FDIC
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: May 01, 2010
Last Structure Change Process Date: May 06, 2010
Last Data Update: May 06, 2010
Data Source Date: April 05, 2012
Location
Address: Fillmore Street, De Witt, NE 68341
County: Saline
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Omaha
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: West
Financial Summary
Total assets: $38.9 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, 2009)

Dollar figures in thousands
14Total employees (full-time equivalent)
$37,695Total assets
$1,157Cash and due from depository institutions
$21Interest-bearing balances
$5,967Securities
$0Federal funds sold & reverse repurchase agreements
$27,084Net loans & leases
$324Loan loss allowance
$0Trading account assets
$693Bank premises and fixed assets
$1,115Other real estate owned
$373Goodwill and other intangibles
$0Life insurance assets
$1,306All other assets
$37,695Total liabilities and capital
$34,836Total liabilities
$32,816Total deposits
$28,808Interest-bearing deposits
$32,816Deposits held in domestic offices
98.01%% insured (estimated)
$250Federal funds purchased & repurchase agreements
$0Trading liabilities
$1,675Other borrowed funds
$0Subordinated debt
$95All other liabilities
$2,859Total equity capital
$2,859Total bank equity capital
$2,859Perpetual preferred stock
$0Common stock
$500Surplus
$2,000Undivided profits
Memoranda
$359Noncurrent loans and leases
$5,159Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$857Earning assets
$0Long-term assets (5+ years)
$553Average Assets, year-to-date
$33,072Average Assets, quarterly
$9,104Volatile liabilities
$38,722Insider loans
$37,835FHLB advances
$5,316Loans and leases held for sale
$182Unused loan commitments
$1,675Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$5,159Total unused commitments
$0Restructured Loans and leases
$324Derivatives

Income and Expense (December 31, 2009)

Dollar figures in thousands
$1,879Total interest income
$727Total interest expense
$1,152Net interest income
$657Provision for loan and lease losses
$354Total noninterest income
$0Fiduciary activities
$72Service charges on deposit accounts
$0Trading account gains & fees
$282Additional noninterest income
$1,175Total noninterest expense
$669Salaries and employee benefits
$133Premises and equipment expense
$373Additional noninterest expense
-$326Pre-tax net operating income
$0Securities gains (losses)
-$176Applicable income taxes
-$150Income before extraordinary items
$0Extraordinary gains - net
-$150Net income attributable to bank
$0Net charge-offs
-$150Cash dividends
$785Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2009)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.41%Yield on earning assets
2.09%Cost of funding earning assets
3.31%Net interest margin
1.02%Noninterest income to earning assets
3.38%Noninterest expense to earning assets
-0.39%Net operating income to assets
-0.39%Return on assets (ROA)
-0.84%Pretax return on assets
-5.22%Return on equity (ROE)
-5.22%Retained earnings to average equity (YTD only)
2.88%Net charge-offs to loans
83.69%Credit loss provision to net charge-offs
0.42%Efficiency ratio
78,021Assets per employee
2.69%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.18%Loss allowance to noncurrent loans
37.81%Noncurrent assets plus other real estate owned to assets
5.23%Noncurrent loans to loans
3.13%Net loans and leases to deposits
82.53%Net loans and leases to core deposits
95.87%Equity capital to assets
7.58%Core capital (leverage) ratio
6.63%Tier 1 risk-based capital ratio
8.81%Total risk-based capital ratio
Memoranda
$10Average assets
$38,722Average earning assets
$2,876Average equity
$34,754Average loans

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