Sandhills State Bank in Bassett, Nebraska (NE)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Sandhills State Bank in Bassett, Nebraska (NE)
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Sandhills State Bank - Overview

  • General
  • FDIC Certificate #: 13892
    Status: Active
    Federal Reserve ID: 987259
    Bank Holding Company (Regulatory Top Holder): Sandhills Financial Services, Llc (RSSDID: 4042222, Location: Bassett, NE)
    Date Established: September 22, 1902
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 8686
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Agricultural lending institution: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: Febuary 14, 1934
    Last Structure Change Effective Date: April 20, 2010
    Last Structure Change Process Date: June 14, 2010
    Last Data Update: June 14, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 202 Clark Steet, Bassett, NE 68714
    County: Rock
    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
  • History of Changes
  • Change in Location
    Name Change
  • Financial Summary
  • Total assets: $98.1 mil
    Equity capital: $9.3 mil
    Deposits held in domestic offices: $83.6 mil
    Return on assets (ROA): -0.67% (-$0.7 mil)
    Quarterly return on assets: -0.22% (-$0.2 mil)
    Return on Equity (ROE): -6.88% (-$0.6 mil)
    Quarterly return on equity: -2.37% (-$0.2 mil)
    Net income: -$0.6 mil
    Quarterly Net income: -$0.1 mil
    Pretax return on assets: -0.67% (-$657.1 mil)
    Quarterly Pretax return on assets: -0.22% (-$215.8 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
  • 16Total employees (full-time equivalent)
  • $98,082Total assets
  • $20,730Cash and due from depository institutions
  • $18,342Interest-bearing balances
  • $15,447Securities
  • $4,595Federal funds sold & reverse repurchase agreements
  • $53,377Net loans & leases
  • $814Loan loss allowance
  • $0Trading account assets
  • $681Bank premises and fixed assets
  • $0Other real estate owned
  • $1,615Goodwill and other intangibles
  • $98,082Life insurance assets
  • $1,637All other assets
  • $88,808Total liabilities and capital
  • $83,551Total liabilities
  • $75,114Total deposits
  • $83,551Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $5,000Trading liabilities
  • $0Other borrowed funds
  • $257Subordinated debt
  • $9,274All other liabilities
  • $9,274Total equity capital
  • $9,274Total bank equity capital
  • $0Perpetual preferred stock
  • $300Common stock
  • $10,007Surplus
  • $-1,033Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $43Income earned, not collected on loans
  • $0Earning assets
  • $945Long-term assets (5+ years)
  • $91,761Average Assets, year-to-date
  • $6,549Average Assets, quarterly
  • $84,827Volatile liabilities
  • $96,441Insider loans
  • $68,607FHLB advances
  • $94,683Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $7,634Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $27,018Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,965Total interest income
  • $1,277Total interest expense
  • $1,688Net interest income
  • $323Provision for loan and lease losses
  • $75Total noninterest income
  • $0Fiduciary activities
  • $41Service charges on deposit accounts
  • $0Trading account gains & fees
  • $34Additional noninterest income
  • $2,011Total noninterest expense
  • $1,044Salaries and employee benefits
  • $194Premises and equipment expense
  • $773Additional noninterest expense
  • -$571Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • -$571Income before extraordinary items
  • $0Extraordinary gains - net
  • -$571Net income attributable to bank
  • $0Net charge-offs
  • -$571Cash dividends
  • $13Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.76%Yield on earning assets
  • 1.62%Cost of funding earning assets
  • 2.14%Net interest margin
  • 0.10%Noninterest income to earning assets
  • 2.55%Noninterest expense to earning assets
  • -0.67%Net operating income to assets
  • -0.67%Return on assets (ROA)
  • -0.67%Pretax return on assets
  • -6.88%Return on equity (ROE)
  • -6.88%Retained earnings to average equity (YTD only)
  • 0.03%Net charge-offs to loans
  • 2484.62%Credit loss provision to net charge-offs
  • -19.08%Efficiency ratio
  • 110,891Assets per employee
  • 6.13%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.50%Loss allowance to noncurrent loans
  • 1893.02%Noncurrent assets plus other real estate owned to assets
  • 0.04%Noncurrent loans to loans
  • 0.08%Net loans and leases to deposits
  • 63.89%Net loans and leases to core deposits
  • 68.94%Equity capital to assets
  • 9.46%Core capital (leverage) ratio
  • 8.06%Tier 1 risk-based capital ratio
  • 11.13%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $84,827Average earning assets
  • $8,304Average equity
  • $78,922Average loans

List of branches

  • 3 Nebraska Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    08686Sandhills State Bank202 Clark Steet, Bassett, NE 68714September 22, 1902Full Service Brick and Mortar
    1513400North Platte Branch803 Dewey Street, North Platte, NE 69101September 13, 2010Full Service Brick and Mortar
    2513401Valentine Branch132 N Main Street, Valentine, NE 69201September 13, 2010Full Service Brick and Mortar

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