Labette Bank in Altamont, Kansas (KS)
Overview, Financial Summary, Detailed Financial Reports, Branches


Labette Bank - Overview

  • General
  • FDIC Certificate #: 17068
    Status: Active
    Federal Reserve ID: 483751
    Bank Holding Company (Regulatory Top Holder): Labette County Bankshares, Inc. (RSSDID: 1057784, Location: Altamont, KS)
    Date Established: January 15, 1915
    WWW: http://www.labettebank.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 11 (Domestic: 11, Interstate: No)
    OTS Docket #: 12384
    FDIC's unique #: 11123
    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: December 21, 1951
    Last Structure Change Effective Date: December 12, 2011
    Last Structure Change Process Date: December 19, 2011
    Last Data Update: December 19, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: Fourth And Huston, Altamont, KS 67330
    County: Labette
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Springfield Mo
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Core Based Statistical Area (CBSA): Parsons, KS (#37660)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Office Purchased
  • Financial Summary
  • Total assets: $328.7 mil
    Equity capital: $30.6 mil
    Deposits held in domestic offices: $288.3 mil
    Return on assets (ROA): 0.93% ($3.1 mil)
    Quarterly return on assets: 0.58% ($1.9 mil)
    Return on Equity (ROE): 9.58% ($3.0 mil)
    Quarterly return on equity: 5.88% ($1.8 mil)
    Net income: $2.8 mil
    Quarterly Net income: $0.5 mil
    Pretax return on assets: 1.04% ($3,418.7 mil)
    Quarterly Pretax return on assets: 0.69% ($2,268.2 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
  • 101Total employees (full-time equivalent)
  • $328,725Total assets
  • $21,226Cash and due from depository institutions
  • $17,831Interest-bearing balances
  • $124,930Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $162,635Net loans & leases
  • $2,746Loan loss allowance
  • $0Trading account assets
  • $5,833Bank premises and fixed assets
  • $557Other real estate owned
  • $1,820Goodwill and other intangibles
  • $328,725Life insurance assets
  • $11,724All other assets
  • $298,162Total liabilities and capital
  • $288,336Total liabilities
  • $242,660Total deposits
  • $288,336Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $5,840Trading liabilities
  • $0Other borrowed funds
  • $3,986Subordinated debt
  • $30,563All other liabilities
  • $30,563Total equity capital
  • $30,563Total bank equity capital
  • $0Perpetual preferred stock
  • $275Common stock
  • $10,083Surplus
  • $20,205Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,689Income earned, not collected on loans
  • $517Earning assets
  • $2,513Long-term assets (5+ years)
  • $305,396Average Assets, year-to-date
  • $127,447Average Assets, quarterly
  • $298,510Volatile liabilities
  • $312,804Insider loans
  • $172,114FHLB advances
  • $306,151Loans and leases held for sale
  • $6,069Unused loan commitments
  • $6,069Tier 1 (core) risk-based capital
  • $26,643Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,637Restructured Loans and leases
  • $533Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $13,178Total interest income
  • $2,526Total interest expense
  • $10,652Net interest income
  • $750Provision for loan and lease losses
  • $3,669Total noninterest income
  • $1Fiduciary activities
  • $1,058Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,610Additional noninterest income
  • $10,451Total noninterest expense
  • $5,225Salaries and employee benefits
  • $922Premises and equipment expense
  • $4,304Additional noninterest expense
  • $3,120Pre-tax net operating income
  • -$4Securities gains (losses)
  • $339Applicable income taxes
  • $2,777Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,777Net income attributable to bank
  • $0Net charge-offs
  • $2,777Cash dividends
  • $223Sale, conversion, retirement of capital stock, net
  • $1,125Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.75%Yield on earning assets
  • 0.91%Cost of funding earning assets
  • 3.84%Net interest margin
  • 1.32%Noninterest income to earning assets
  • 3.76%Noninterest expense to earning assets
  • 0.93%Net operating income to assets
  • 0.93%Return on assets (ROA)
  • 1.04%Pretax return on assets
  • 9.58%Return on equity (ROE)
  • 5.70%Retained earnings to average equity (YTD only)
  • 0.14%Net charge-offs to loans
  • 336.32%Credit loss provision to net charge-offs
  • 17.35%Efficiency ratio
  • 71,168Assets per employee
  • 3.25%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 40.51%Loss allowance to loans
  • 1.66%Loss allowance to noncurrent loans
  • 162.58%Noncurrent assets plus other real estate owned to assets
  • 0.68%Noncurrent loans to loans
  • 1.02%Net loans and leases to deposits
  • 56.40%Net loans and leases to core deposits
  • 63.96%Equity capital to assets
  • 9.30%Core capital (leverage) ratio
  • 8.70%Tier 1 risk-based capital ratio
  • 15.48%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $298,510Average earning assets
  • $28,992Average equity
  • $277,635Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $393Managed Assets
  • 1Number of Accounts
  • $393Personal trust and agency accounts
  • $393Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 2Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 11 Kansas Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    011123Labette BankFourth And Huston, Altamont, KS 67330January 15, 1915Full Service Brick and Mortar
    1240327Parsons Branch3129 Main Street, Parsons, KS 67357April 16, 1990Full Service Brick and Mortar
    4240330Lcsb-Cherokee BranchK-7 And Us-160 Highways, Cherokee, KS 66724July 14, 1997Full Service Brick and Mortar
    57910424 Commercial Street Branch424 Commercial Street, Oswego, KS 67356August 28, 1922Full Service Brick and Mortar
    68818Mccune BranchMain Street, Mccune, KS 66753January 01, 1800Full Service Brick and Mortar
    7418427Pittsburg Branch2805 North Broadway, Pittsburg, KS 66762October 07, 2002Full Service Brick and Mortar
    88319Labette Bank501 Market, Lacygne, KS 66040January 01, 1870Full Service Brick and Mortar
    9229228Pleasanton Branch911 Main Street, Pleasanton, KS 66075March 12, 1990Full Service Brick and Mortar
    10433871Parsons Branch2121 Main Street, Parsons, KS 67357December 30, 2004Full Service Brick and Mortar
    119476Frontenac Branch242 East Mckay, Frontenac, KS 66763June 19, 1919Full Service Brick and Mortar
    123085Columbus Branch101 East Maple Street, Columbus, KS 66725January 01, 1882Full Service Brick and Mortar

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