FDIC Certificate #: 16234 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Bank of the Valley (#25291) Federal Reserve ID: 670850 Date Established: October 30, 1944 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 10430 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: January 02, 1945 Last Structure Change Effective Date: August 15, 2007 Last Structure Change Process Date: August 30, 2007 Last Data Update: August 30, 2007 Data Source Date: April 05, 2012
Location
Address: 324 4th Street, Platte Center, NE 68653 County: Platte 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): Columbus, NE (#18100) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $7.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2006)
Dollar figures in thousands
3Total employees (full-time equivalent)
$6,728Total assets
$1,313Cash and due from depository institutions
$892Interest-bearing balances
$270Securities
$735Federal funds sold & reverse repurchase agreements
$4,276Net loans & leases
$58Loan loss allowance
$0Trading account assets
$1Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$133All other assets
$6,728Total liabilities and capital
$5,978Total liabilities
$5,963Total deposits
$5,050Interest-bearing deposits
$5,963Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$15All other liabilities
$750Total equity capital
$750Total bank equity capital
$750Perpetual preferred stock
$0Common stock
$25Surplus
$675Undivided profits
Memoranda
$50Noncurrent loans and leases
$484Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$79Average Assets, year-to-date
$6,173Average Assets, quarterly
$719Volatile liabilities
$6,488Insider loans
$6,386FHLB advances
$409Loans and leases held for sale
$198Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$484Total unused commitments
$0Restructured Loans and leases
$58Derivatives
Income and Expense (December 31, 2006)
Dollar figures in thousands
$376Total interest income
$125Total interest expense
$251Net interest income
$11Provision for loan and lease losses
$25Total noninterest income
$0Fiduciary activities
$18Service charges on deposit accounts
$0Trading account gains & fees
$7Additional noninterest income
$177Total noninterest expense
$129Salaries and employee benefits
$17Premises and equipment expense
$31Additional noninterest expense
$88Pre-tax net operating income
$0Securities gains (losses)
$16Applicable income taxes
$72Income before extraordinary items
$0Extraordinary gains - net
$72Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$11Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2006)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.33%Yield on earning assets
2.10%Cost of funding earning assets
4.23%Net interest margin
0.42%Noninterest income to earning assets
2.98%Noninterest expense to earning assets
1.11%Net operating income to assets
1.11%Return on assets (ROA)
1.36%Pretax return on assets
10.01%Return on equity (ROE)
10.01%Retained earnings to average equity (YTD only)
0.27%Net charge-offs to loans
100.00%Credit loss provision to net charge-offs
9.00%Efficiency ratio
64,130Assets per employee
2.24%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.34%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
71.71%Net loans and leases to core deposits
76.99%Equity capital to assets
11.15%Core capital (leverage) ratio
12.09%Tier 1 risk-based capital ratio
14.48%Total risk-based capital ratio
Memoranda
$16Average assets
$6,488Average earning assets
$719Average equity
$5,940Average loans
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