FDIC Certificate #: 25302 Status: Inactive Closing history: Absorption - Without Assistance Acquiring institution:The Western State Bank (#21121) Federal Reserve ID: 66350 Date Established: August 06, 1984 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 2 (Interstate: No) FDIC's unique #: 17505 Numeric code: 13 Regulator: FED Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes Oakar Institutions: Yes State Chartered: Yes Date of Deposit Insurance: August 06, 1984 Last Structure Change Effective Date: April 11, 2003 Last Structure Change Process Date: April 29, 2003 Last Data Update: April 29, 2003 Data Source Date: April 05, 2012
Location
Address: 1100 West Oklahoma, Ulysses, KS 67880 County: Grant Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Hays Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: Western
Financial Summary
Total assets: $43.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2002)
Dollar figures in thousands
25Total employees (full-time equivalent)
$44,968Total assets
$3,012Cash and due from depository institutions
$765Interest-bearing balances
$7,993Securities
$0Federal funds sold & reverse repurchase agreements
$30,016Net loans & leases
$322Loan loss allowance
$0Trading account assets
$1,440Bank premises and fixed assets
$706Other real estate owned
$349Goodwill and other intangibles
$0Life insurance assets
$1,452All other assets
$44,968Total liabilities and capital
$40,978Total liabilities
$38,822Total deposits
$33,953Interest-bearing deposits
$38,822Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$1,985Other borrowed funds
$0Subordinated debt
$171All other liabilities
$3,990Total equity capital
$3,990Total bank equity capital
$3,990Perpetual preferred stock
$0Common stock
$500Surplus
$2,250Undivided profits
Memoranda
$1,240Noncurrent loans and leases
$4,869Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$2,424Earning assets
$600Long-term assets (5+ years)
$956Average Assets, year-to-date
$38,774Average Assets, quarterly
$4,150Volatile liabilities
$47,560Insider loans
$45,661FHLB advances
$11,153Loans and leases held for sale
$1,286Unused loan commitments
$1,985Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$4,869Total unused commitments
$676Restructured Loans and leases
$322Derivatives
Income and Expense (December 31, 2002)
Dollar figures in thousands
$3,029Total interest income
$1,263Total interest expense
$1,766Net interest income
$1,043Provision for loan and lease losses
$363Total noninterest income
$0Fiduciary activities
$204Service charges on deposit accounts
$0Trading account gains & fees
$159Additional noninterest income
$1,911Total noninterest expense
$895Salaries and employee benefits
$272Premises and equipment expense
$744Additional noninterest expense
-$825Pre-tax net operating income
$0Securities gains (losses)
-$302Applicable income taxes
-$523Income before extraordinary items
$0Extraordinary gains - net
-$523Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$1,236Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2002)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.23%Yield on earning assets
3.01%Cost of funding earning assets
4.21%Net interest margin
0.87%Noninterest income to earning assets
4.56%Noninterest expense to earning assets
-1.10%Net operating income to assets
-1.10%Return on assets (ROA)
-1.73%Pretax return on assets
-12.16%Return on equity (ROE)
-12.16%Retained earnings to average equity (YTD only)
3.74%Net charge-offs to loans
84.39%Credit loss provision to net charge-offs
0.18%Efficiency ratio
89,760Assets per employee
1.80%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.06%Loss allowance to noncurrent loans
13.28%Noncurrent assets plus other real estate owned to assets
6.96%Noncurrent loans to loans
7.99%Net loans and leases to deposits
77.32%Net loans and leases to core deposits
108.48%Equity capital to assets
8.87%Core capital (leverage) ratio
7.57%Tier 1 risk-based capital ratio
10.47%Total risk-based capital ratio
Memoranda
$11Average assets
$47,560Average earning assets
$4,300Average equity
$41,919Average loans
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