First Bank in Sterling, Kansas (KS)
Overview, Financial Summary, Detailed Financial Reports, Branches


First Bank - Overview

  • General
  • FDIC Certificate #: 16473
    Status: Active
    Federal Reserve ID: 49652
    Bank Holding Company (Regulatory Top Holder): Coronado, Inc. (RSSDID: 1055351, Location: Sterling, KS)
    Date Established: January 01, 1907
    WWW: http://www.first-bank.net
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 10637
    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: August 26, 1946
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 128 South Broadway Avenue, Sterling, KS 67579
    County: Rice
    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
  • History of Changes
  • Corrections
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $113.9 mil
    Equity capital: $14.7 mil
    Deposits held in domestic offices: $84.3 mil
    Return on assets (ROA): 1.23% ($1.4 mil)
    Quarterly return on assets: 1.24% ($1.4 mil)
    Return on Equity (ROE): 10.05% ($1.5 mil)
    Quarterly return on equity: 9.66% ($1.4 mil)
    Net income: $1.4 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 1.48% ($1,685.7 mil)
    Quarterly Pretax return on assets: 1.42% ($1,617.3 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
  • 30Total employees (full-time equivalent)
  • $113,896Total assets
  • $3,144Cash and due from depository institutions
  • $255Interest-bearing balances
  • $39,856Securities
  • $985Federal funds sold & reverse repurchase agreements
  • $64,186Net loans & leases
  • $1,902Loan loss allowance
  • $0Trading account assets
  • $1,156Bank premises and fixed assets
  • $70Other real estate owned
  • $36Goodwill and other intangibles
  • $113,896Life insurance assets
  • $4,463All other assets
  • $99,212Total liabilities and capital
  • $84,332Total liabilities
  • $70,025Total deposits
  • $84,332Interest-bearing deposits
  • $81Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $14,230Trading liabilities
  • $0Other borrowed funds
  • $650Subordinated debt
  • $14,684All other liabilities
  • $14,684Total equity capital
  • $14,684Total bank equity capital
  • $0Perpetual preferred stock
  • $120Common stock
  • $4,001Surplus
  • $10,563Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $543Income earned, not collected on loans
  • $0Earning assets
  • $1,286Long-term assets (5+ years)
  • $105,282Average Assets, year-to-date
  • $27,207Average Assets, quarterly
  • $112,842Volatile liabilities
  • $113,038Insider loans
  • $75,446FHLB advances
  • $113,747Loans and leases held for sale
  • $2,027Unused loan commitments
  • $2,027Tier 1 (core) risk-based capital
  • $13,624Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $18,709Restructured Loans and leases
  • $3,471Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,121Total interest income
  • $872Total interest expense
  • $4,249Net interest income
  • $205Provision for loan and lease losses
  • $463Total noninterest income
  • $0Fiduciary activities
  • $179Service charges on deposit accounts
  • $0Trading account gains & fees
  • $284Additional noninterest income
  • $2,936Total noninterest expense
  • $1,741Salaries and employee benefits
  • $251Premises and equipment expense
  • $944Additional noninterest expense
  • $1,571Pre-tax net operating income
  • $96Securities gains (losses)
  • $276Applicable income taxes
  • $1,391Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,391Net income attributable to bank
  • $0Net charge-offs
  • $1,391Cash dividends
  • -$34Sale, conversion, retirement of capital stock, net
  • $372Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.84%Yield on earning assets
  • 0.82%Cost of funding earning assets
  • 4.02%Net interest margin
  • 0.44%Noninterest income to earning assets
  • 2.78%Noninterest expense to earning assets
  • 1.16%Net operating income to assets
  • 1.23%Return on assets (ROA)
  • 1.48%Pretax return on assets
  • 10.05%Return on equity (ROE)
  • 7.37%Retained earnings to average equity (YTD only)
  • -0.05%Net charge-offs to loans
  • -602.94%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 62,309Assets per employee
  • 3.80%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 26.74%Loss allowance to loans
  • 2.88%Loss allowance to noncurrent loans
  • 350.28%Noncurrent assets plus other real estate owned to assets
  • 0.54%Noncurrent loans to loans
  • 0.82%Net loans and leases to deposits
  • 76.11%Net loans and leases to core deposits
  • 79.58%Equity capital to assets
  • 12.89%Core capital (leverage) ratio
  • 11.98%Tier 1 risk-based capital ratio
  • 18.06%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $112,842Average earning assets
  • $13,835Average equity
  • $105,699Average loans

Total Fiduciary and Related Assets (December 31, 2005)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $166Managed Assets
  • 1Number of Accounts
  • $166Personal trust and agency accounts
  • $166Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 1Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 3 Kansas Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    010637First Bank128 South Broadway Avenue, Sterling, KS 67579January 01, 1907Full Service Brick and Mortar
    28778Coronado Branch201 East Avenue South, Lyons, KS 67554January 01, 1934Full Service Brick and Mortar
    310821Chase BranchMain Street, Chase, KS 67524January 01, 1902Full Service Brick and Mortar

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