Platte Valley State Bank & Trust Company in Kearney, Nebraska (NE)
Overview, Financial Summary, Detailed Financial Reports, Branches


Platte Valley State Bank & Trust Company - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total 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
  • 121Total employees (full-time equivalent)
  • $403,650Total assets
  • $37,188Cash and due from depository institutions
  • $23,193Interest-bearing balances
  • $77,170Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $274,496Net loans & leases
  • $2,598Loan loss allowance
  • $0Trading account assets
  • $5,984Bank premises and fixed assets
  • $211Other real estate owned
  • $2,957Goodwill and other intangibles
  • $403,650Life insurance assets
  • $5,644All other assets
  • $368,999Total liabilities and capital
  • $312,389Total liabilities
  • $251,164Total deposits
  • $312,389Interest-bearing deposits
  • $73Deposits held in domestic offices
  • 47507.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $5,210Trading liabilities
  • $0Other borrowed funds
  • $3,893Subordinated debt
  • $34,651All other liabilities
  • $34,651Total equity capital
  • $34,651Total bank equity capital
  • $0Perpetual preferred stock
  • $2,500Common stock
  • $14,755Surplus
  • $17,396Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $5,064Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,859Income earned, not collected on loans
  • $0Earning assets
  • $2,339Long-term assets (5+ years)
  • $374,859Average Assets, year-to-date
  • $55,759Average Assets, quarterly
  • $395,691Volatile liabilities
  • $397,986Insider loans
  • $249,766FHLB advances
  • $389,079Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $30,381Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $59,915Restructured Loans and leases
  • $3,968Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $16,454Total interest income
  • $2,097Total interest expense
  • $14,357Net interest income
  • $647Provision for loan and lease losses
  • $5,235Total noninterest income
  • $930Fiduciary activities
  • $1,313Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,992Additional noninterest income
  • $13,688Total noninterest expense
  • $7,680Salaries and employee benefits
  • $1,858Premises and equipment expense
  • $4,150Additional noninterest expense
  • $5,257Pre-tax net operating income
  • $212Securities gains (losses)
  • $1,885Applicable income taxes
  • $3,584Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,584Net income attributable to bank
  • $0Net charge-offs
  • $3,584Cash dividends
  • $989Sale, conversion, retirement of capital stock, net
  • $6,750Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.49%Yield on earning assets
  • 0.57%Cost of funding earning assets
  • 3.92%Net interest margin
  • 1.43%Noninterest income to earning assets
  • 3.74%Noninterest expense to earning assets
  • 0.87%Net operating income to assets
  • 0.91%Return on assets (ROA)
  • 1.38%Pretax return on assets
  • 9.79%Return on equity (ROE)
  • -8.65%Retained earnings to average equity (YTD only)
  • 0.37%Net charge-offs to loans
  • 65.42%Credit loss provision to net charge-offs
  • 5.97%Efficiency ratio
  • 69,865Assets per employee
  • 3.34%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 188.34%Loss allowance to loans
  • 0.94%Loss allowance to noncurrent loans
  • 90.87%Noncurrent assets plus other real estate owned to assets
  • 0.76%Noncurrent loans to loans
  • 1.03%Net loans and leases to deposits
  • 87.87%Net loans and leases to core deposits
  • 94.83%Equity capital to assets
  • 8.58%Core capital (leverage) ratio
  • 7.81%Tier 1 risk-based capital ratio
  • 12.16%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $395,691Average earning assets
  • $36,614Average equity
  • $366,265Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $151,695Managed Assets
  • 1Number of Accounts
  • $77,979Personal trust and agency accounts
  • $43,004Employee benefit-defined contribution accounts
  • $3,325Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $5,975Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $25,675Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 212Number of Accounts
  • $0Personal trust and agency accounts
  • $5,975Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $73,716Other retirement accounts
  • $290Corporate trust and agency accounts
  • $66,113Other fiduciary accounts
  • $2,419Fiduciary accounts held in foreign offices

List of branches

  • 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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