FDIC Certificate #: 5441 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Pinnacle Bank - Wyoming (#2232) Federal Reserve ID: 518251 Date Established: January 15, 1925 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 1 (Interstate: No) OTS Docket #: 14213 FDIC's unique #: 3683 Numeric code: 13 Regulator: FED 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: January 01, 1934 Last Structure Change Effective Date: October 21, 2000 Last Structure Change Process Date: October 31, 2000 Last Data Update: October 31, 2000 Data Source Date: April 05, 2012
Location
Address: 1280 Center Avenue, Mitchell, NE 69357 County: Scotts Bluff 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): Scottsbluff, NE (#42420) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $33.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1999)
Dollar figures in thousands
11Total employees (full-time equivalent)
$35,726Total assets
$1,681Cash and due from depository institutions
$584Interest-bearing balances
$12,301Securities
$150Federal funds sold & reverse repurchase agreements
$20,292Net loans & leases
$751Loan loss allowance
$0Trading account assets
$848Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$454All other assets
$35,726Total liabilities and capital
$32,355Total liabilities
$31,370Total deposits
$27,933Interest-bearing deposits
$31,370Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$985All other liabilities
$3,371Total equity capital
$3,371Total bank equity capital
$3,371Perpetual preferred stock
$0Common stock
$100Surplus
$2,000Undivided profits
Memoranda
$1,271Noncurrent loans and leases
$6,563Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$259Earning assets
$35Long-term assets (5+ years)
$306Average Assets, year-to-date
$33,327Average Assets, quarterly
$3,678Volatile liabilities
$35,681Insider loans
$36,176FHLB advances
$2,666Loans and leases held for sale
$444Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$6,563Total unused commitments
$47Restructured Loans and leases
$302Derivatives
Income and Expense (December 31, 1999)
Dollar figures in thousands
$2,553Total interest income
$1,117Total interest expense
$1,436Net interest income
$0Provision for loan and lease losses
$340Total noninterest income
$0Fiduciary activities
$117Service charges on deposit accounts
$0Trading account gains & fees
$223Additional noninterest income
$1,178Total noninterest expense
$404Salaries and employee benefits
$155Premises and equipment expense
$619Additional noninterest expense
$598Pre-tax net operating income
$0Securities gains (losses)
$136Applicable income taxes
$462Income before extraordinary items
$0Extraordinary gains - net
$462Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$8Sale, conversion, retirement of capital stock, net
$750Net operating income
Performance and Condition Ratios (December 31, 1999)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.72%Yield on earning assets
3.38%Cost of funding earning assets
4.34%Net interest margin
1.03%Noninterest income to earning assets
3.56%Noninterest expense to earning assets
1.29%Net operating income to assets
1.29%Return on assets (ROA)
1.68%Pretax return on assets
12.22%Return on equity (ROE)
-7.62%Retained earnings to average equity (YTD only)
-0.04%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
66,329Assets per employee
3.25%Cash dividends to net income (YTD only)
Condition Ratios (%)
162.34%Loss allowance to loans
3.57%Loss allowance to noncurrent loans
289.96%Noncurrent assets plus other real estate owned to assets
0.72%Noncurrent loans to loans
1.23%Net loans and leases to deposits
64.69%Net loans and leases to core deposits
70.69%Equity capital to assets
9.44%Core capital (leverage) ratio
9.62%Tier 1 risk-based capital ratio
14.60%Total risk-based capital ratio
Memoranda
$16Average assets
$35,681Average earning assets
$3,780Average equity
$33,060Average loans
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