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

Patriots Bank - Overview

  • General
  • FDIC Certificate #: 18019
    Status: Active
    Federal Reserve ID: 297051
    Bank Holding Company (Regulatory Top Holder): Garnett Bancshares, Inc. (RSSDID: 1057896, Location: Garnett, KS)
    Date Established: January 01, 1899
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 7 (Domestic: 7, Interstate: No)
    OTS Docket #: 53341
    FDIC's unique #: 11948
    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: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: June 04, 1959
    Last Structure Change Effective Date: January 13, 2009
    Last Structure Change Process Date: January 15, 2009
    Last Data Update: January 15, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 131 East Fourth Avenue, 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
  • Corrections
    Office Purchased
  • Financial Summary
  • Total assets: $92.4 mil
    Equity capital: $8.8 mil
    Deposits held in domestic offices: $81.5 mil
    Return on assets (ROA): 0.21% ($0.2 mil)
    Quarterly return on assets: 0.80% ($0.7 mil)
    Return on Equity (ROE): 2.36% ($0.2 mil)
    Quarterly return on equity: 8.45% ($0.8 mil)
    Net income: $0.2 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.22% ($203.3 mil)
    Quarterly Pretax return on assets: 0.83% ($766.9 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
  • 39Total employees (full-time equivalent)
  • $92,397Total assets
  • $2,467Cash and due from depository institutions
  • $120Interest-bearing balances
  • $28,457Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $54,558Net loans & leases
  • $737Loan loss allowance
  • $0Trading account assets
  • $2,579Bank premises and fixed assets
  • $1,419Other real estate owned
  • $142Goodwill and other intangibles
  • $92,397Life insurance assets
  • $2,775All other assets
  • $83,608Total liabilities and capital
  • $81,501Total liabilities
  • $68,745Total deposits
  • $81,501Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 533.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $1,190Trading liabilities
  • $0Other borrowed funds
  • $384Subordinated debt
  • $8,789All other liabilities
  • $8,789Total equity capital
  • $8,789Total bank equity capital
  • $0Perpetual preferred stock
  • $193Common stock
  • $1,447Surplus
  • $7,149Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $628Long-term assets (5+ years)
  • $83,135Average Assets, year-to-date
  • $11,461Average Assets, quarterly
  • $92,928Volatile liabilities
  • $92,563Insider loans
  • $59,471FHLB advances
  • $92,265Loans and leases held for sale
  • $1,348Unused loan commitments
  • $1,348Tier 1 (core) risk-based capital
  • $8,178Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $3,974Restructured Loans and leases
  • $182Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,030Total interest income
  • $687Total interest expense
  • $3,343Net interest income
  • $579Provision for loan and lease losses
  • $757Total noninterest income
  • $0Fiduciary activities
  • $505Service charges on deposit accounts
  • $0Trading account gains & fees
  • $252Additional noninterest income
  • $3,371Total noninterest expense
  • $1,824Salaries and employee benefits
  • $541Premises and equipment expense
  • $1,006Additional noninterest expense
  • $150Pre-tax net operating income
  • $53Securities gains (losses)
  • $4Applicable income taxes
  • $199Income before extraordinary items
  • $0Extraordinary gains - net
  • $199Net income attributable to bank
  • $0Net charge-offs
  • $199Cash dividends
  • $823Sale, conversion, retirement of capital stock, net
  • $149Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.80%Yield on earning assets
  • 0.82%Cost of funding earning assets
  • 3.98%Net interest margin
  • 0.90%Noninterest income to earning assets
  • 4.01%Noninterest expense to earning assets
  • 0.16%Net operating income to assets
  • 0.21%Return on assets (ROA)
  • 0.22%Pretax return on assets
  • 2.36%Return on equity (ROE)
  • 0.59%Retained earnings to average equity (YTD only)
  • 1.42%Net charge-offs to loans
  • 70.35%Credit loss provision to net charge-offs
  • 0.89%Efficiency ratio
  • 81,634Assets per employee
  • 2.37%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 74.87%Loss allowance to loans
  • 1.33%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 1.54%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 66.94%Net loans and leases to core deposits
  • 69.53%Equity capital to assets
  • 9.51%Core capital (leverage) ratio
  • 8.86%Tier 1 risk-based capital ratio
  • 13.75%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $92,928Average earning assets
  • $8,423Average equity
  • $83,996Average loans

List of branches

  • 7 Kansas Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    011948Patriots Bank131 East Fourth Avenue, Garnett, KS 66032January 01, 1899Full Service Brick and Mortar
    19888Westphalia BranchMain Street, Westphalia, KS 66093January 01, 1890Full Service Brick and Mortar
    23178East Central Branch114 East Central Avenue, Richmond, KS 66080January 01, 1920Full Service Brick and Mortar
    3204073Garnett Branch113 South Maple, Garnett, KS 66032December 17, 1990Full Service Brick and Mortar
    4243568Princeton Branch1508 Highway 59, Princeton, KS 66078December 29, 1999Full Service Brick and Mortar
    5269614104 East Main Branch104 East Main Street, Gardner, KS 66030June 30, 1988Full Service Brick and Mortar
    6258175Wellsville Banking Center Branch1008 Poplar, Wellsville, KS 66092October 15, 1996Full Service Brick and Mortar

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