FDIC Certificate #: 10639 Status: Active Federal Reserve ID: 493152 Bank Holding Company (Regulatory Top Holder): Williams Financial Corp. (RSSDID: 1053311, Location: Gothenburg, NE) Date Established: May 01, 1902 WWW:http://www.gothenburgstatebank.com Trust Powers Granted: Yes Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Domestic: 2, Interstate: No) FDIC's unique #: 6821 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: Yes Asset Concentration Hierarchy: Agricultural Specialization Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: September 23, 2010 Last Structure Change Process Date: September 24, 2010 Last Data Update: September 24, 2010 Data Source Date: April 05, 2012
Location
Address: 900 Lake, Gothenburg, NE 69138 County: Dawson 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): Lexington, NE (#30420) CBSA Micro Statistical Area: Yes
History of Changes
Name Change
Financial Summary
Total assets: $124.2 mil Equity capital: $15.1 mil Deposits held in domestic offices: $98.9 mil Return on assets (ROA): 1.91% ($2.4 mil) Quarterly return on assets: 1.52% ($1.9 mil) Return on Equity (ROE): 15.77% ($2.4 mil) Quarterly return on equity: 12.54% ($1.9 mil) Net income: $2.2 mil Quarterly Net income: $0.5 mil Pretax return on assets: 1.94% ($2,409.8 mil) Quarterly Pretax return on assets: 1.57% ($1,950.2 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
27Total employees (full-time equivalent)
$124,217Total assets
$5,048Cash and due from depository institutions
$1,687Interest-bearing balances
$19,881Securities
$1,600Federal funds sold & reverse repurchase agreements
$88,688Net loans & leases
$1,400Loan loss allowance
$0Trading account assets
$2,617Bank premises and fixed assets
$0Other real estate owned
$367Goodwill and other intangibles
$124,217Life insurance assets
$6,016All other assets
$109,080Total liabilities and capital
$98,924Total liabilities
$83,959Total deposits
$98,924Interest-bearing deposits
$88Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$9,449Trading liabilities
$0Other borrowed funds
$707Subordinated debt
$15,137All other liabilities
$15,137Total equity capital
$15,137Total bank equity capital
$0Perpetual preferred stock
$750Common stock
$2,050Surplus
$12,337Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$29Income earned, not collected on loans
$0Earning assets
$1,894Long-term assets (5+ years)
$111,856Average Assets, year-to-date
$28,419Average Assets, quarterly
$117,858Volatile liabilities
$124,199Insider loans
$101,518FHLB advances
$122,732Loans and leases held for sale
$2,619Unused loan commitments
$2,619Tier 1 (core) risk-based capital
$13,819Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$24,175Restructured Loans and leases
$229Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$5,750Total interest income
$969Total interest expense
$4,781Net interest income
$100Provision for loan and lease losses
$1,684Total noninterest income
$0Fiduciary activities
$527Service charges on deposit accounts
$0Trading account gains & fees
$1,157Additional noninterest income
$4,127Total noninterest expense
$2,095Salaries and employee benefits
$376Premises and equipment expense
$1,656Additional noninterest expense
$2,238Pre-tax net operating income
$52Securities gains (losses)
$44Applicable income taxes
$2,246Income before extraordinary items
$0Extraordinary gains - net
$2,246Net income attributable to bank
$0Net charge-offs
$2,246Cash dividends
$4Sale, conversion, retirement of capital stock, net
$1,250Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.39%Yield on earning assets
0.91%Cost of funding earning assets
4.48%Net interest margin
1.58%Noninterest income to earning assets
3.87%Noninterest expense to earning assets
1.86%Net operating income to assets
1.91%Return on assets (ROA)
1.94%Pretax return on assets
15.77%Return on equity (ROE)
6.99%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
2500.00%Credit loss provision to net charge-offs
584.50%Efficiency ratio
63,836Assets per employee
4.60%Cash dividends to net income (YTD only)
Condition Ratios (%)
55.65%Loss allowance to loans
1.55%Loss allowance to noncurrent loans
4827.59%Noncurrent assets plus other real estate owned to assets
0.02%Noncurrent loans to loans
0.03%Net loans and leases to deposits
89.65%Net loans and leases to core deposits
101.09%Equity capital to assets
12.19%Core capital (leverage) ratio
11.26%Tier 1 risk-based capital ratio
13.61%Total risk-based capital ratio
Memoranda
$15Average assets
$117,858Average earning assets
$14,243Average equity
$106,750Average loans
Total Fiduciary and Related Assets (December 31, 2009)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
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