Elkhorn Valley Bank in Norfolk, Nebraska (NE)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 15, 1997

Elkhorn Valley Bank in Norfolk, Nebraska (NE)
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Elkhorn Valley Bank - Overview

General
FDIC Certificate #: 33852
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Elkhorn Valley Bank & Trust (#16553)
Federal Reserve ID: 2124571
Date Established: November 16, 1993
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Interstate: No)
FDIC's unique #: 48160
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: November 16, 1993
Last Structure Change Effective Date: July 15, 1997
Last Structure Change Process Date: July 22, 1997
Last Data Update: July 22, 1997
Data Source Date: April 05, 2012
Location
Address: 1303 Center Drive, 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: $63.9 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

Dollar figures in thousands
0Total employees (full-time equivalent)
$19Total assets
$52,702Cash and due from depository institutions
$2,346Interest-bearing balances
$0Securities
$20,043Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$28,502Loan loss allowance
$431Trading account assets
$0Bank premises and fixed assets
$1,187Other real estate owned
$0Goodwill and other intangibles
$610Life insurance assets
$14All other assets
$0Total liabilities and capital
$52,702Total liabilities
$49,436Total deposits
$48,871Interest-bearing deposits
$44,001Deposits held in domestic offices
48871.00%% insured (estimated)
$97Federal funds purchased & repurchase agreements
$330Trading liabilities
$0Other borrowed funds
$30Subordinated debt
$0All other liabilities
$205Total equity capital
$205Total bank equity capital
$3,266Perpetual preferred stock
$0Common stock
$1,000Surplus
$1,600Undivided profits
Memoranda
$666Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$27Income earned, not collected on loans
$231Earning assets
$48,545Long-term assets (5+ years)
$9,491Average Assets, year-to-date
$42,954Average Assets, quarterly
$50,039Volatile liabilities
$4,371Insider loans
$0FHLB advances
$0Loans and leases held for sale
$265Unused loan commitments
$2,923Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$3,229Total risk weighted assets
$34,195Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$3,343Total interest expense
$1,982Net interest income
$1,361Provision for loan and lease losses
$153Total noninterest income
$306Fiduciary activities
$0Service charges on deposit accounts
$184Trading account gains & fees
$0Additional noninterest income
$122Total noninterest expense
$1,077Salaries and employee benefits
$599Premises and equipment expense
$93Additional noninterest expense
$385Pre-tax net operating income
$437Securities gains (losses)
-$11Applicable income taxes
$87Income before extraordinary items
$339Extraordinary gains - net
$0Net income attributable to bank
$339Net charge-offs
$9Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1996)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.33%Cost of funding earning assets
4.94%Net interest margin
3.39%Noninterest income to earning assets
0.76%Noninterest expense to earning assets
2.68%Net operating income to assets
0.81%Return on assets (ROA)
0.79%Pretax return on assets
0.99%Return on equity (ROE)
11.94%Retained earnings to average equity (YTD only)
11.94%Net charge-offs to loans
0.04%Credit loss provision to net charge-offs
1700.00%Efficiency ratio
64,187Assets per employee
2.77%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.49%Loss allowance to noncurrent loans
1596.30%Noncurrent assets plus other real estate owned to assets
0.05%Noncurrent loans to loans
0.09%Net loans and leases to deposits
58.32%Net loans and leases to core deposits
63.58%Equity capital to assets
6.20%Core capital (leverage) ratio
6.45%Tier 1 risk-based capital ratio
9.44%Total risk-based capital ratio
Memoranda
$11Average assets
$42,954Average earning assets
$2,839Average equity
$40,134Average loans

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