Fidelity State Bank in Garden City, Kansas (KS)



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Fidelity State Bank
GeneralFDIC Certificate #: 8104
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Commerce Bank, National Association (#10911)
Federal Reserve ID: 925457
Date Established: October 27, 1924
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 6 (Interstate: No)
FDIC's unique #: 5156
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 01, 1934
Last Structure Change Effective Date: November 24, 1998
Last Structure Change Process Date: Febuary 01, 1999
Last Data Update: Febuary 01, 1999
Data Source Date: April 05, 2012
LocationAddress: 215 North Main Street, Garden City, KS 67846
County: Finney
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Hays
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: Western
Core Based Statistical Area (CBSA): Garden City, KS (#23780)
CBSA Micro Statistical Area: Yes
Financial SummaryTotal assets: $171.0 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)
(Dollar figures in thousands)
Total employees (full-time equivalent)90
Total assets$177,574
Cash and due from depository institutions$13,722
Interest-bearing balances$0
Securities$40,776
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$116,773
Loan loss allowance $2,515
Trading account assets$0
Bank premises and fixed assets$3,555
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$2,748
Life insurance assets$0
Total liabilities and capital$177,574
Total liabilities$163,656
Total deposits$161,710
Interest-bearing deposits$148,423
Deposits held in domestic offices$161,710
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $1,125
Trading liabilities$0
Other borrowed funds $38
Subordinated debt $0
All other liabilities $783
Total equity capital$13,918
Total bank equity capital$13,918
Perpetual preferred stock$13,918
Common stock$0
Surplus$1,000
Undivided profits $4,000
Memoranda
Noncurrent loans and leases $8,918
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $0
Earning assets $1,322
Long-term assets (5+ years) $0
Average Assets, year-to-date $1,706
Average Assets, quarterly $157,549
Volatile liabilities $3,541
Insider loans $166,641
FHLB advances $173,836
Loans and leases held for sale $34,082
Unused loan commitments $4,843
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $0
Total risk weighted assets $163
Total unused commitments $54,995
Restructured Loans and leases $0
Derivatives$146,691
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Income and Expense (December 31, 1997)
(Dollar figures in thousands)
Total interest income $12,933
Total interest expense $6,303
Net interest income $6,630
Provision for loan and lease losses $458
Total noninterest income $1,674
Fiduciary activities $296
Service charges on deposit accounts $493
Trading account gains & fees $0
Additional noninterest income $885
Total noninterest expense $4,873
Salaries and employee benefits $2,700
Premises and equipment expense $782
Additional noninterest expense $1,391
Pre-tax net operating income $2,973
Securities gains (losses) $0
Applicable income taxes $1,080
Income before extraordinary items $1,893
Extraordinary gains - net $0
Net income attributable to bank $1,893
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $60
Net operating income $900
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Performance and Condition Ratios (December 31, 1997)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets8.54%
Cost of funding earning assets 4.16%
Net interest margin 4.38%
Noninterest income to earning assets 1.11%
Noninterest expense to earning assets 3.22%
Net operating income to assets 1.14%
Return on assets (ROA) 1.14%
Pretax return on assets 1.78%
Return on equity (ROE) 14.17%
Retained earnings to average equity (YTD only) 7.43%
Net charge-offs to loans 0.05%
Credit loss provision to net charge-offs 763.33%
Efficiency ratio57.18%
Assets per employee$58,683
Cash dividends to net income (YTD only)1.97%
Condition Ratios (%)
Loss allowance to loans 47.54%
Loss allowance to noncurrent loans 2.11%
Noncurrent assets plus other real estate owned to assets 190.24%
Noncurrent loans to loans 0.74%
Net loans and leases to deposits1.11%
Net loans and leases to core deposits 72.21%
Equity capital to assets 90.70%
Core capital (leverage) ratio 7.84%
Tier 1 risk-based capital ratio 8.07%
Total risk-based capital ratio 9.47%
Memoranda
Average assets$11
Average earning assets$166,641
Average equity $13,362
Average loans $151,426
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