First National Bank in Worland, Wyoming (WY)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 20, 1998

First National Bank in Worland, Wyoming (WY)
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First National Bank - Overview

General
FDIC Certificate #: 1172
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Pinnacle Bank (#22860)
Federal Reserve ID: 562151
Date Established: January 01, 1917
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 2 (Interstate: No)
FDIC's unique #: 804
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: No
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: June 20, 1998
Last Structure Change Process Date: July 10, 1998
Last Data Update: July 10, 1998
Data Source Date: April 05, 2012
Location
Address: 644 Big Horn Street, Worland, WY 82401
County: Washakie
Quarterly Banking Profile Region: San Francisco
FDIC Geographic Region: San Francisco
FDIC Supervisory Region: Kansas City
FDIC Field Office: Billings
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: West
Financial Summary
Total assets: $88.7 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
32Total employees (full-time equivalent)
$90,212Total assets
$2,336Cash and due from depository institutions
$0Interest-bearing balances
$47,103Securities
$1,925Federal funds sold & reverse repurchase agreements
$36,590Net loans & leases
$1,092Loan loss allowance
$0Trading account assets
$1,299Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$959All other assets
$90,212Total liabilities and capital
$82,889Total liabilities
$81,758Total deposits
$69,475Interest-bearing deposits
$81,758Deposits held in domestic offices
0.00%% insured (estimated)
$21Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$1,110All other liabilities
$7,323Total equity capital
$7,323Total bank equity capital
$7,323Perpetual preferred stock
$0Common stock
$300Surplus
$7,751Undivided profits
Memoranda
$-728Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$469Earning assets
$0Long-term assets (5+ years)
$387Average Assets, year-to-date
$85,618Average Assets, quarterly
$18,909Volatile liabilities
$91,970Insider loans
$91,287FHLB advances
$9,686Loans and leases held for sale
$844Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$6,715Total unused commitments
$0Restructured Loans and leases
$46,673Derivatives

Income and Expense (December 31, 1997)

Dollar figures in thousands
$6,532Total interest income
$2,911Total interest expense
$3,621Net interest income
$120Provision for loan and lease losses
$433Total noninterest income
$0Fiduciary activities
$294Service charges on deposit accounts
$0Trading account gains & fees
$139Additional noninterest income
$2,365Total noninterest expense
$1,168Salaries and employee benefits
$344Premises and equipment expense
$853Additional noninterest expense
$1,569Pre-tax net operating income
$0Securities gains (losses)
$418Applicable income taxes
$1,151Income before extraordinary items
$0Extraordinary gains - net
$1,151Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$5Sale, conversion, retirement of capital stock, net
$2,600Net operating income

Performance and Condition Ratios (December 31, 1997)

Dollar figures in thousands
Performance Ratios (%, annualized)
7.53%Yield on earning assets
3.36%Cost of funding earning assets
4.18%Net interest margin
0.50%Noninterest income to earning assets
2.73%Noninterest expense to earning assets
1.25%Net operating income to assets
1.25%Return on assets (ROA)
1.71%Pretax return on assets
13.65%Return on equity (ROE)
-17.19%Retained earnings to average equity (YTD only)
-0.01%Net charge-offs to loans
-2400.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
56,808Assets per employee
2.82%Cash dividends to net income (YTD only)
Condition Ratios (%)
225.89%Loss allowance to loans
2.90%Loss allowance to noncurrent loans
232.84%Noncurrent assets plus other real estate owned to assets
0.52%Noncurrent loans to loans
1.24%Net loans and leases to deposits
44.75%Net loans and leases to core deposits
50.75%Equity capital to assets
8.12%Core capital (leverage) ratio
7.68%Tier 1 risk-based capital ratio
15.15%Total risk-based capital ratio
Memoranda
$16Average assets
$91,970Average earning assets
$8,429Average equity
$86,690Average loans

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