First State Bank in Wheatland, Wyoming (WY)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • First State Bank in Wheatland, Wyoming (WY)
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First State Bank - Overview

  • General
  • FDIC Certificate #: 23318
    Status: Active
    Federal Reserve ID: 563756
    Bank Holding Company (Regulatory Top Holder): Wheatland Bankshares, Inc. (RSSDID: 1136175, Location: Wheatland, WY)
    Date Established: January 15, 1981
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 13827
    FDIC's unique #: 16340
    Numeric code: 13
    Regulator: FED
    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: January 15, 1981
    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: 1405 Sixteenth Street, Wheatland, WY 82201
    County: Platte
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: Billings
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: West
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $268.5 mil
    Equity capital: $24.4 mil
    Deposits held in domestic offices: $238.0 mil
    Return on assets (ROA): 1.13% ($3.0 mil)
    Quarterly return on assets: 1.13% ($3.0 mil)
    Return on Equity (ROE): 13.44% ($3.2 mil)
    Quarterly return on equity: 12.70% ($3.0 mil)
    Net income: $3.1 mil
    Quarterly Net income: $0.8 mil
    Pretax return on assets: 1.71% ($4,591.3 mil)
    Quarterly Pretax return on assets: 1.68% ($4,510.7 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
  • 59Total employees (full-time equivalent)
  • $268,495Total assets
  • $13,887Cash and due from depository institutions
  • $6,758Interest-bearing balances
  • $70,433Securities
  • $5,250Federal funds sold & reverse repurchase agreements
  • $168,705Net loans & leases
  • $2,844Loan loss allowance
  • $0Trading account assets
  • $3,895Bank premises and fixed assets
  • $153Other real estate owned
  • $0Goodwill and other intangibles
  • $268,495Life insurance assets
  • $6,172All other assets
  • $244,141Total liabilities and capital
  • $238,019Total liabilities
  • $210,734Total deposits
  • $238,019Interest-bearing deposits
  • $83Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $5,703Trading liabilities
  • $0Other borrowed funds
  • $419Subordinated debt
  • $24,354All other liabilities
  • $24,354Total equity capital
  • $24,354Total bank equity capital
  • $0Perpetual preferred stock
  • $300Common stock
  • $1,700Surplus
  • $22,354Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $2,364Long-term assets (5+ years)
  • $251,146Average Assets, year-to-date
  • $78,254Average Assets, quarterly
  • $271,972Volatile liabilities
  • $270,087Insider loans
  • $183,845FHLB advances
  • $269,543Loans and leases held for sale
  • $1,352Unused loan commitments
  • $1,352Tier 1 (core) risk-based capital
  • $24,139Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $30,909Restructured Loans and leases
  • $221Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $12,657Total interest income
  • $2,824Total interest expense
  • $9,833Net interest income
  • $132Provision for loan and lease losses
  • $1,045Total noninterest income
  • $0Fiduciary activities
  • $442Service charges on deposit accounts
  • $0Trading account gains & fees
  • $603Additional noninterest income
  • $6,164Total noninterest expense
  • $3,233Salaries and employee benefits
  • $688Premises and equipment expense
  • $2,243Additional noninterest expense
  • $4,582Pre-tax net operating income
  • $74Securities gains (losses)
  • $1,582Applicable income taxes
  • $3,074Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,074Net income attributable to bank
  • $0Net charge-offs
  • $3,074Cash dividends
  • $58Sale, conversion, retirement of capital stock, net
  • $600Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.95%Yield on earning assets
  • 1.10%Cost of funding earning assets
  • 3.84%Net interest margin
  • 0.41%Noninterest income to earning assets
  • 2.41%Noninterest expense to earning assets
  • 1.11%Net operating income to assets
  • 1.13%Return on assets (ROA)
  • 1.71%Pretax return on assets
  • 13.44%Return on equity (ROE)
  • 10.82%Retained earnings to average equity (YTD only)
  • 0.03%Net charge-offs to loans
  • 227.59%Credit loss provision to net charge-offs
  • 81.28%Efficiency ratio
  • 56,665Assets per employee
  • 4.55%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 19.52%Loss allowance to loans
  • 1.66%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.06%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 70.88%Net loans and leases to core deposits
  • 78.30%Equity capital to assets
  • 9.07%Core capital (leverage) ratio
  • 8.96%Tier 1 risk-based capital ratio
  • 13.13%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $271,972Average earning assets
  • $22,872Average equity
  • $255,789Average loans

List of branches

  • 3 Wyoming Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    016340First State Bank1405 Sixteenth Street, Wheatland, WY 82201January 15, 1981Full Service Brick and Mortar
    1357308Torrington Branch1410 E. Valley Highway 26, Torrington, WY 82240July 01, 1999Full Service Brick and Mortar
    2452187250 West Whalen Branch250 West Whalen, Guernsey, WY 82214July 03, 2006Full Service Brick and Mortar

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