FDIC Certificate #: 57842 Status: Active Federal Reserve ID: 3269844 Bank Holding Company (Regulatory Top Holder): Lone Summit Bancorp, Inc. (RSSDID: 3291331, Location: Lake Lotawana, MO) Date Established: December 01, 2004 WWW:http://www.lonesummit.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 428037 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: No Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: December 01, 2004 Last Structure Change Effective Date: August 12, 2010 Last Structure Change Process Date: August 12, 2010 Last Data Update: August 12, 2010 Data Source Date: April 05, 2012
Location
Address: 12418 South Highway 7, Lake Lotawana, MO 64086 County: Jackson 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: West Metropolitan Statistical Area (MSA): Kansas City, MO-KS (#3760) Combined Statistical Area (CSA): Kansas City-Overland Park-Kansas City, MO-KS (#312) Core Based Statistical Area (CBSA): Kansas City, MO-KS (#28140) CBSA Metro Statistical Area: Kansas City, MO-KS (#28140)
History of Changes
Change in Geographic Region/Area/Territory/Field Office
Financial Summary
Total assets: $25.5 mil Equity capital: $0.9 mil Deposits held in domestic offices: $24.4 mil Return on assets (ROA): -4.79% (-$1.2 mil) Quarterly return on assets: -9.09% (-$2.4 mil) Return on Equity (ROE): -79.80% (-$0.8 mil) Quarterly return on equity: -194.19% (-$1.9 mil) Net income: -$1.4 mil Quarterly Net income: -$0.6 mil Pretax return on assets: -4.78% (-$1,219.0 mil) Quarterly Pretax return on assets: -9.09% (-$2,318.1 mil)
2000 - 2011 Historical total assets, liabilities and capital ($ 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
5Total employees (full-time equivalent)
$25,502Total assets
$888Cash and due from depository institutions
$425Interest-bearing balances
$4,348Securities
$792Federal funds sold & reverse repurchase agreements
$15,918Net loans & leases
$720Loan loss allowance
$0Trading account assets
$1,412Bank premises and fixed assets
$1,652Other real estate owned
$0Goodwill and other intangibles
$25,502Life insurance assets
$492All other assets
$24,554Total liabilities and capital
$24,437Total liabilities
$22,532Total deposits
$24,437Interest-bearing deposits
$100Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$117Subordinated debt
$948All other liabilities
$948Total equity capital
$948Total bank equity capital
$0Perpetual preferred stock
$1,000Common stock
$3,300Surplus
$-3,352Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1,461Income earned, not collected on loans
$0Earning assets
$75Long-term assets (5+ years)
$21,483Average Assets, year-to-date
$294Average Assets, quarterly
$29,197Volatile liabilities
$26,851Insider loans
$18,108FHLB advances
$27,366Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$680Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$1,460Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$1,183Total interest income
$432Total interest expense
$751Net interest income
$1,271Provision for loan and lease losses
$110Total noninterest income
$0Fiduciary activities
$10Service charges on deposit accounts
$0Trading account gains & fees
$100Additional noninterest income
$1,053Total noninterest expense
$401Salaries and employee benefits
$123Premises and equipment expense
$529Additional noninterest expense
-$1,463Pre-tax net operating income
$68Securities gains (losses)
$5Applicable income taxes
-$1,400Income before extraordinary items
$0Extraordinary gains - net
-$1,400Net income attributable to bank
$0Net charge-offs
-$1,400Cash dividends
$1,311Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.63%Yield on earning assets
1.69%Cost of funding earning assets
2.94%Net interest margin
0.43%Noninterest income to earning assets
4.12%Noninterest expense to earning assets
-5.03%Net operating income to assets
-4.79%Return on assets (ROA)
-4.78%Pretax return on assets
-79.80%Return on equity (ROE)
-79.80%Retained earnings to average equity (YTD only)
6.50%Net charge-offs to loans
96.95%Credit loss provision to net charge-offs
-0.15%Efficiency ratio
122,300Assets per employee
5.10%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
4.33%Loss allowance to noncurrent loans
49.28%Noncurrent assets plus other real estate owned to assets
12.21%Noncurrent loans to loans
8.78%Net loans and leases to deposits
65.14%Net loans and leases to core deposits
67.22%Equity capital to assets
3.72%Core capital (leverage) ratio
2.48%Tier 1 risk-based capital ratio
3.76%Total risk-based capital ratio
Memoranda
$5Average assets
$29,197Average earning assets
$1,754Average equity
$25,536Average loans
List of branches
1 Missouri Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
428037
Lone Summit Bank
12418 South Highway 7, Lake Lotawana, MO 64086
December 01, 2004
Full Service Brick and Mortar
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Lone Summit Bank.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: