First State Bank in Scottsbluff, Nebraska (NE), CO



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First State Bank
GeneralFDIC Certificate #: 15586
Status: Active
Federal Reserve ID: 744256
Bank Holding Company (Regulatory Top Holder): First State Bancshares, Inc. (RSSDID: 1057850, Location: Scottsbluff, NE)
Date Established: September 12, 1935
WWW: http://www.fsbcentral.com
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Domestic: 3, Interstate: Yes)
OTS Docket #: 9363
FDIC's unique #: 9873
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: Yes
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: March 05, 1938
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
LocationAddress: 2002 Broadway, Scottsbluff, NE 69361
County: Scotts Bluff
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Grand Island
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: West
Core Based Statistical Area (CBSA): Scottsbluff, NE (#42420)
CBSA Micro Statistical Area: Yes
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $215.2 mil
Equity capital: $19.6 mil
Deposits held in domestic offices: $184.9 mil
Return on assets (ROA): 1.96% ($4.2 mil)
Quarterly return on assets: 2.15% ($4.6 mil)
Return on Equity (ROE): 22.07% ($4.4 mil)
Quarterly return on equity: 24.04% ($4.8 mil)
Net income: $4.3 mil
Quarterly Net income: $1.2 mil
Pretax return on assets: 2.01% ($4,324.6 mil)
Quarterly Pretax return on assets: 2.19% ($4,711.8 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)
Total employees (full-time equivalent)48
Total assets$215,152
Cash and due from depository institutions$21,043
Interest-bearing balances$17,125
Securities$28,403
Federal funds sold & reverse repurchase agreements$2,395
Net loans & leases$155,038
Loan loss allowance $2,929
Trading account assets$0
Bank premises and fixed assets$3,481
Other real estate owned$1,682
Goodwill and other intangibles$0
All other assets$3,110
Life insurance assets$215,152
Total liabilities and capital$195,602
Total liabilities$184,909
Total deposits$148,553
Interest-bearing deposits$184,909
Deposits held in domestic offices$94
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$10,025
Other borrowed funds $0
Subordinated debt $668
All other liabilities $19,550
Total equity capital$19,550
Total bank equity capital$19,550
Perpetual preferred stock$0
Common stock$2,500
Surplus$3,411
Undivided profits $13,639
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $2,782
Income earned, not collected on loans $1,237
Earning assets $0
Long-term assets (5+ years) $1,081
Average Assets, year-to-date $202,961
Average Assets, quarterly $12,402
Volatile liabilities $216,936
Insider loans $217,655
FHLB advances $170,704
Loans and leases held for sale $212,678
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $19,385
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $16,505
Derivatives$1,947
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $10,329
Total interest expense $1,753
Net interest income $8,576
Provision for loan and lease losses $1,200
Total noninterest income $2,176
Fiduciary activities $0
Service charges on deposit accounts $574
Trading account gains & fees $0
Additional noninterest income $1,602
Total noninterest expense $5,222
Salaries and employee benefits $2,577
Premises and equipment expense $513
Additional noninterest expense $2,132
Pre-tax net operating income $4,330
Securities gains (losses) $37
Applicable income taxes $105
Income before extraordinary items $4,262
Extraordinary gains - net $0
Net income attributable to bank $4,262
Net charge-offs $0
Cash dividends $4,262
Sale, conversion, retirement of capital stock, net $1,299
Net operating income $3,800
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.07%
Cost of funding earning assets 0.86%
Net interest margin 4.21%
Noninterest income to earning assets 1.07%
Noninterest expense to earning assets 2.56%
Net operating income to assets 1.95%
Return on assets (ROA) 1.96%
Pretax return on assets 2.01%
Return on equity (ROE) 22.07%
Retained earnings to average equity (YTD only) 2.39%
Net charge-offs to loans 0.86%
Credit loss provision to net charge-offs 92.38%
Efficiency ratio4.26%
Assets per employee$48,568
Cash dividends to net income (YTD only)4.48%
Condition Ratios (%)
Loss allowance to loans 89.16%
Loss allowance to noncurrent loans 1.85%
Noncurrent assets plus other real estate owned to assets 236.78%
Noncurrent loans to loans 1.36%
Net loans and leases to deposits0.78%
Net loans and leases to core deposits 83.85%
Equity capital to assets 89.65%
Core capital (leverage) ratio 9.09%
Tier 1 risk-based capital ratio 9.11%
Total risk-based capital ratio 11.36%
Memoranda
Average assets$13
Average earning assets$216,936
Average equity $19,309
Average loans $203,682
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Total Fiduciary and Related Assets (December 31, 2011)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$2,834
Number of Accounts1
Personal trust and agency accounts$2,834
Employee benefit-defined contribution accounts$2,834
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$0
Investment management agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts3
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
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1 Colorado Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
218115First State Bk., Colorado Springs Branch1776 South Nevada Avenue, Colorado Springs, CO 80906July 01, 1976Full Service Brick and Mortar
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2 Nebraska Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
09873First State Bank2002 Broadway, Scottsbluff, NE 69361September 12, 1935Full Service Brick and Mortar
13680Tenth Street Branch1540 Tenth Street, Gering, NE 69341January 01, 1934Full Service Brick and Mortar
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