First State Bank in Loomis, Nebraska (NE)

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First State Bank
GeneralFDIC Certificate #: 16333
Status: Active
Federal Reserve ID: 172859
Bank Holding Company (Regulatory Top Holder): Loomis Company (RSSDID: 1058071, Location: Omaha, NE)
Date Established: October 22, 1945
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Domestic: 2, Interstate: No)
FDIC's unique #: 10517
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: November 05, 1945
Last Structure Change Effective Date: April 20, 2006
Last Structure Change Process Date: June 06, 2006
Last Data Update: June 06, 2006
Data Source Date: April 05, 2012
LocationAddress: 211 Commercial St., Loomis, NE 68958
County: Phelps
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
History of ChangesChange in Location
Office Purchased
Financial SummaryTotal assets: $89.9 mil
Equity capital: $9.1 mil
Deposits held in domestic offices: $75.8 mil
Return on assets (ROA): 1.43% ($1.3 mil)
Quarterly return on assets: 1.36% ($1.2 mil)
Return on Equity (ROE): 13.62% ($1.2 mil)
Quarterly return on equity: 12.77% ($1.1 mil)
Net income: $1.2 mil
Quarterly Net income: $0.3 mil
Pretax return on assets: 2.17% ($1,950.4 mil)
Quarterly Pretax return on assets: 2.06% ($1,851.5 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)17
Total assets$89,880
Cash and due from depository institutions$8,714
Interest-bearing balances$3,920
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$66,127
Loan loss allowance $807
Trading account assets$0
Bank premises and fixed assets$731
Other real estate owned$0
Goodwill and other intangibles$1,714
All other assets$2,040
Life insurance assets$89,880
Total liabilities and capital$80,746
Total liabilities$75,838
Total deposits$61,674
Interest-bearing deposits$75,838
Deposits held in domestic offices$95
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$4,550
Other borrowed funds $0
Subordinated debt $358
All other liabilities $9,134
Total equity capital$9,134
Total bank equity capital$9,134
Perpetual preferred stock$0
Common stock$210
Undivided profits $4,684
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $84
Earning assets $0
Long-term assets (5+ years) $1,287
Average Assets, year-to-date $80,601
Average Assets, quarterly $9,900
Volatile liabilities $87,133
Insider loans $88,267
FHLB advances $69,500
Loans and leases held for sale $85,538
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $7,329
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $28,811
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $4,292
Total interest expense $757
Net interest income $3,535
Provision for loan and lease losses $79
Total noninterest income $669
Fiduciary activities $0
Service charges on deposit accounts $283
Trading account gains & fees $0
Additional noninterest income $386
Total noninterest expense $2,232
Salaries and employee benefits $1,376
Premises and equipment expense $161
Additional noninterest expense $695
Pre-tax net operating income $1,893
Securities gains (losses) $0
Applicable income taxes $646
Income before extraordinary items $1,247
Extraordinary gains - net $0
Net income attributable to bank $1,247
Net charge-offs $0
Cash dividends $1,247
Sale, conversion, retirement of capital stock, net $7
Net operating income $800
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.44%
Cost of funding earning assets 0.96%
Net interest margin 4.48%
Noninterest income to earning assets 0.85%
Noninterest expense to earning assets 2.83%
Net operating income to assets 1.43%
Return on assets (ROA) 1.43%
Pretax return on assets 2.17%
Return on equity (ROE) 13.62%
Retained earnings to average equity (YTD only) 4.88%
Net charge-offs to loans 0.01%
Credit loss provision to net charge-offs 1128.57%
Efficiency ratio281.71%
Assets per employee$52,854
Cash dividends to net income (YTD only)5.29%
Condition Ratios (%)
Loss allowance to loans 64.15%
Loss allowance to noncurrent loans 1.21%
Noncurrent assets plus other real estate owned to assets 960.71%
Noncurrent loans to loans 0.09%
Net loans and leases to deposits0.13%
Net loans and leases to core deposits 87.20%
Equity capital to assets 91.81%
Core capital (leverage) ratio 10.16%
Tier 1 risk-based capital ratio 8.57%
Total risk-based capital ratio 10.55%
Average assets$12
Average earning assets$87,133
Average equity $9,154
Average loans $78,835
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2 Nebraska Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
010517First State Bank211 Commercial St., Loomis, NE 68958October 22, 1945Full Service Brick and Mortar
18041620 West Main Street Branch620 West Main Street, Alma, NE 68920January 01, 1900Full Service Brick and Mortar
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