Platte Valley State Bank & Trust Company in Kearney, Nebraska (NE)



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Platte Valley State Bank & Trust Company routing number info

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Platte Valley State Bank & Trust Company
GeneralFDIC Certificate #: 16112
Status: Active
Federal Reserve ID: 10858
Bank Holding Company (Regulatory Top Holder): Lauritzen Corporation (RSSDID: 1066209, Location: Omaha, NE)
Date Established: January 03, 1944
WWW: http://www.pvsb.com
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 5 (Domestic: 5, Interstate: No)
OTS Docket #: 15947
FDIC's unique #: 10329
Numeric code: 13
Regulator: FED
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: January 04, 1944
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
LocationAddress: 2223 Second Avenue, Kearney, NE 68847
County: Buffalo
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): Kearney, NE (#28260)
CBSA Micro Statistical Area: Yes
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $403.6 mil
Equity capital: $34.7 mil
Deposits held in domestic offices: $312.4 mil
Return on assets (ROA): 0.91% ($3.7 mil)
Quarterly return on assets: 0.81% ($3.3 mil)
Return on Equity (ROE): 9.79% ($3.4 mil)
Quarterly return on equity: 9.36% ($3.3 mil)
Net income: $3.6 mil
Quarterly Net income: $0.8 mil
Pretax return on assets: 1.38% ($5,570.4 mil)
Quarterly Pretax return on assets: 1.23% ($4,964.9 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)
Total employees (full-time equivalent)121
Total assets$403,650
Cash and due from depository institutions$37,188
Interest-bearing balances$23,193
Securities$77,170
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$274,496
Loan loss allowance $2,598
Trading account assets$0
Bank premises and fixed assets$5,984
Other real estate owned$211
Goodwill and other intangibles$2,957
All other assets$5,644
Life insurance assets$403,650
Total liabilities and capital$368,999
Total liabilities$312,389
Total deposits$251,164
Interest-bearing deposits$312,389
Deposits held in domestic offices$73
% insured (estimated)47507.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$5,210
Other borrowed funds $0
Subordinated debt $3,893
All other liabilities $34,651
Total equity capital$34,651
Total bank equity capital$34,651
Perpetual preferred stock$0
Common stock$2,500
Surplus$14,755
Undivided profits $17,396
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $5,064
Income earned, not collected on loans $2,859
Earning assets $0
Long-term assets (5+ years) $2,339
Average Assets, year-to-date $374,859
Average Assets, quarterly $55,759
Volatile liabilities $395,691
Insider loans $397,986
FHLB advances $249,766
Loans and leases held for sale $389,079
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $30,381
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $59,915
Derivatives$3,968
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $16,454
Total interest expense $2,097
Net interest income $14,357
Provision for loan and lease losses $647
Total noninterest income $5,235
Fiduciary activities $930
Service charges on deposit accounts $1,313
Trading account gains & fees $0
Additional noninterest income $2,992
Total noninterest expense $13,688
Salaries and employee benefits $7,680
Premises and equipment expense $1,858
Additional noninterest expense $4,150
Pre-tax net operating income $5,257
Securities gains (losses) $212
Applicable income taxes $1,885
Income before extraordinary items $3,584
Extraordinary gains - net $0
Net income attributable to bank $3,584
Net charge-offs $0
Cash dividends $3,584
Sale, conversion, retirement of capital stock, net $989
Net operating income $6,750
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.49%
Cost of funding earning assets 0.57%
Net interest margin 3.92%
Noninterest income to earning assets 1.43%
Noninterest expense to earning assets 3.74%
Net operating income to assets 0.87%
Return on assets (ROA) 0.91%
Pretax return on assets 1.38%
Return on equity (ROE) 9.79%
Retained earnings to average equity (YTD only) -8.65%
Net charge-offs to loans 0.37%
Credit loss provision to net charge-offs 65.42%
Efficiency ratio5.97%
Assets per employee$69,865
Cash dividends to net income (YTD only)3.34%
Condition Ratios (%)
Loss allowance to loans 188.34%
Loss allowance to noncurrent loans 0.94%
Noncurrent assets plus other real estate owned to assets 90.87%
Noncurrent loans to loans 0.76%
Net loans and leases to deposits1.03%
Net loans and leases to core deposits 87.87%
Equity capital to assets 94.83%
Core capital (leverage) ratio 8.58%
Tier 1 risk-based capital ratio 7.81%
Total risk-based capital ratio 12.16%
Memoranda
Average assets$13
Average earning assets$395,691
Average equity $36,614
Average loans $366,265
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Total Fiduciary and Related Assets (December 31, 2011)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$151,695
Number of Accounts1
Personal trust and agency accounts$77,979
Employee benefit-defined contribution accounts$43,004
Employee benefit-defined benefit accounts$3,325
Other retirement accounts$0
Corporate trust and agency accounts$5,975
Investment management agency accounts$0
Other fiduciary accounts$25,675
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts212
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$5,975
Employee benefit-defined benefit accounts$0
Other retirement accounts$73,716
Corporate trust and agency accounts$290
Other fiduciary accounts$66,113
Fiduciary accounts held in foreign offices$2,419
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5 Nebraska Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
010329Platte Valley State Bank & Trust Com2223 Second Avenue, Kearney, NE 68847January 03, 1944Full Service Brick and Mortar
1237316Detached Tellers' Facility3802 N 2nd Ave, Kearney, NE 68847March 14, 1974Limited Service Facility
317916Allen Drive Branch810 Allen Drive, Grand Island, NE 68803November 17, 1917Full Service Brick and Mortar
443321017th Avenue Branch5410 17th Avenue, Kearney, NE 68847September 15, 2004Limited Service Mobile
55107471st Avenue Drive Up Branch2216 1st Avenue, Kearney, NE 68847June 01, 1998Limited Service Facility
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