Lingle State Bank in Lingle, Wyoming (WY)



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Lingle State Bank
GeneralFDIC Certificate #: 22928
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First National Bank, Torrington (#530)
Federal Reserve ID: 909158
Date Established: August 20, 1979
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 16035
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: August 20, 1979
Last Structure Change Effective Date: July 31, 1995
Last Structure Change Process Date: August 21, 1995
Last Data Update: August 21, 1995
Data Source Date: April 05, 2012
LocationAddress: Second And Main Streets, Lingle, WY 82223
County: Goshen
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
Financial SummaryTotal assets: $15.8 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)
(Dollar figures in thousands)
Total employees (full-time equivalent)0
Total assets$7
Cash and due from depository institutions$16,926
Interest-bearing balances$591
Securities$14
Federal funds sold & reverse repurchase agreements$8,938
Net loans & leases$1,020
Loan loss allowance $5,821
Trading account assets$101
Bank premises and fixed assets$0
Other real estate owned$265
Goodwill and other intangibles$25
All other assets$0
Life insurance assets$266
Total liabilities and capital$0
Total liabilities$16,926
Total deposits$15,356
Interest-bearing deposits$15,287
Deposits held in domestic offices$13,041
% insured (estimated)15287.00%
Federal funds purchased & repurchase agreements $93
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $0
Total equity capital$69
Total bank equity capital$69
Perpetual preferred stock$1,570
Common stock$0
Surplus$300
Undivided profits $500
Memoranda
Noncurrent loans and leases $770
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $33
Earning assets $87
Long-term assets (5+ years) $15,793
Average Assets, year-to-date $1,136
Average Assets, quarterly $16,922
Volatile liabilities $16,783
Insider loans $2,661
FHLB advances $520
Loans and leases held for sale $0
Unused loan commitments $0
Tier 1 (core) risk-based capital $544
Tier 2 risk-based capital $0
Total risk weighted assets $1,570
Total unused commitments $7,994
Restructured Loans and leases $0
Derivatives$0
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Income and Expense (December 31, 1994)
(Dollar figures in thousands)
Total interest income $0
Total interest expense $1,111
Net interest income $483
Provision for loan and lease losses $628
Total noninterest income $71
Fiduciary activities $112
Service charges on deposit accounts $0
Trading account gains & fees $95
Additional noninterest income $0
Total noninterest expense $17
Salaries and employee benefits $371
Premises and equipment expense $187
Additional noninterest expense $49
Pre-tax net operating income $135
Securities gains (losses) $298
Applicable income taxes $4
Income before extraordinary items $62
Extraordinary gains - net $240
Net income attributable to bank $0
Net charge-offs $240
Cash dividends $56
Sale, conversion, retirement of capital stock, net $109
Net operating income $0
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Performance and Condition Ratios (December 31, 1994)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets0.00%
Cost of funding earning assets 7.07%
Net interest margin 3.08%
Noninterest income to earning assets 4.00%
Noninterest expense to earning assets 0.71%
Net operating income to assets 2.36%
Return on assets (ROA) 1.40%
Pretax return on assets 1.42%
Return on equity (ROE) 1.78%
Retained earnings to average equity (YTD only) 15.70%
Net charge-offs to loans 8.57%
Credit loss provision to net charge-offs 0.96%
Efficiency ratio126.79%
Assets per employee$50,135
Cash dividends to net income (YTD only)2.42%
Condition Ratios (%)
Loss allowance to loans 45.42%
Loss allowance to noncurrent loans 1.71%
Noncurrent assets plus other real estate owned to assets 306.06%
Noncurrent loans to loans 0.34%
Net loans and leases to deposits0.56%
Net loans and leases to core deposits 38.08%
Equity capital to assets 46.10%
Core capital (leverage) ratio 9.28%
Tier 1 risk-based capital ratio 9.33%
Total risk-based capital ratio 19.64%
Memoranda
Average assets$21
Average earning assets$16,922
Average equity $1,529
Average loans $15,705
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