Garnett State Savings Bank in Garnett, Kansas (KS)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Garnett State Savings Bank in Garnett, Kansas (KS)
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Garnett State Savings Bank - Overview

  • General
  • FDIC Certificate #: 17317
    Status: Active
    Federal Reserve ID: 850456
    Bank Holding Company (Regulatory Top Holder): Goppert Financial Corp. (RSSDID: 1051380, Location: Kansas City, MO)
    Date Established: July 11, 1899
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Domestic: 5, Interstate: No)
    FDIC's unique #: 11330
    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: April 12, 1954
    Last Structure Change Effective Date: July 16, 2009
    Last Structure Change Process Date: July 17, 2009
    Last Data Update: July 17, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 106 East 5th Street, Garnett, KS 66032
    County: Anderson
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Kansas City
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
  • History of Changes
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $114.0 mil
    Equity capital: $11.6 mil
    Deposits held in domestic offices: $102.0 mil
    Return on assets (ROA): 0.28% ($0.3 mil)
    Quarterly return on assets: 0.30% ($0.3 mil)
    Return on Equity (ROE): 2.73% ($0.3 mil)
    Quarterly return on equity: 2.92% ($0.4 mil)
    Net income: $0.3 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.33% ($376.1 mil)
    Quarterly Pretax return on assets: 0.38% ($433.0 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
  • 36Total employees (full-time equivalent)
  • $113,958Total assets
  • $13,505Cash and due from depository institutions
  • $10,903Interest-bearing balances
  • $49,634Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $48,259Net loans & leases
  • $923Loan loss allowance
  • $0Trading account assets
  • $1,327Bank premises and fixed assets
  • $265Other real estate owned
  • $0Goodwill and other intangibles
  • $113,958Life insurance assets
  • $968All other assets
  • $102,387Total liabilities and capital
  • $102,018Total liabilities
  • $87,754Total deposits
  • $102,018Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $369Subordinated debt
  • $11,571All other liabilities
  • $11,571Total equity capital
  • $11,571Total bank equity capital
  • $0Perpetual preferred stock
  • $480Common stock
  • $970Surplus
  • $10,121Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $500Income earned, not collected on loans
  • $0Earning assets
  • $706Long-term assets (5+ years)
  • $108,796Average Assets, year-to-date
  • $3,423Average Assets, quarterly
  • $112,330Volatile liabilities
  • $112,116Insider loans
  • $59,350FHLB advances
  • $112,419Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $11,447Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $5,112Restructured Loans and leases
  • $115Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,609Total interest income
  • $710Total interest expense
  • $2,899Net interest income
  • $25Provision for loan and lease losses
  • $656Total noninterest income
  • $0Fiduciary activities
  • $578Service charges on deposit accounts
  • $0Trading account gains & fees
  • $78Additional noninterest income
  • $3,168Total noninterest expense
  • $1,669Salaries and employee benefits
  • $394Premises and equipment expense
  • $1,105Additional noninterest expense
  • $362Pre-tax net operating income
  • $5Securities gains (losses)
  • $52Applicable income taxes
  • $315Income before extraordinary items
  • $0Extraordinary gains - net
  • $315Net income attributable to bank
  • $0Net charge-offs
  • $315Cash dividends
  • $41Sale, conversion, retirement of capital stock, net
  • $192Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.37%Yield on earning assets
  • 0.66%Cost of funding earning assets
  • 2.71%Net interest margin
  • 0.61%Noninterest income to earning assets
  • 2.96%Noninterest expense to earning assets
  • 0.28%Net operating income to assets
  • 0.28%Return on assets (ROA)
  • 0.33%Pretax return on assets
  • 2.73%Return on equity (ROE)
  • 1.06%Retained earnings to average equity (YTD only)
  • 0.08%Net charge-offs to loans
  • 60.98%Credit loss provision to net charge-offs
  • 9.44%Efficiency ratio
  • 89,114Assets per employee
  • 3.17%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 60.95%Loss allowance to loans
  • 1.88%Loss allowance to noncurrent loans
  • 184.60%Noncurrent assets plus other real estate owned to assets
  • 0.67%Noncurrent loans to loans
  • 1.02%Net loans and leases to deposits
  • 47.30%Net loans and leases to core deposits
  • 48.88%Equity capital to assets
  • 10.15%Core capital (leverage) ratio
  • 10.18%Tier 1 risk-based capital ratio
  • 19.29%Total risk-based capital ratio
  • Memoranda
  • $21Average assets
  • $112,330Average earning assets
  • $11,555Average equity
  • $107,040Average loans

List of branches

  • 5 Kansas Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    011330Garnett State Savings Bank106 East 5th Street, Garnett, KS 66032July 11, 1899Full Service Brick and Mortar
    1241433Garnett Branch202 North Maple, Garnett, KS 66032January 03, 1983Full Service Brick and Mortar
    2456198State Bank Of Colony Branch207 East Broad Street, Colony, KS 66015November 06, 2006Full Service Brick and Mortar
    311181Pomona Branch118 East Franklin Street, Pomona, KS 66076October 22, 1901Full Service Brick and Mortar
    4437041North Ottawa Branch1230 East Logan Street, Ottawa, KS 66067January 18, 2005Full Service Brick and Mortar

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