The Bennington State Bank in Salina, Kansas (KS)



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The Bennington State Bank routing number info

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The Bennington State Bank
GeneralFDIC Certificate #: 16402
Status: Active
Federal Reserve ID: 1016259
Bank Holding Company (Regulatory Top Holder): Berco, Inc. (RSSDID: 1051906, Location: Salina, KS)
Date Established: January 01, 1884
WWW: http://www.bsbks.com
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 7 (Domestic: 7, Interstate: No)
OTS Docket #: 13539
FDIC's unique #: 10579
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: April 04, 1946
Last Structure Change Effective Date: March 12, 2011
Last Structure Change Process Date: March 21, 2011
Last Data Update: March 21, 2011
Data Source Date: April 05, 2012
LocationAddress: 2130 South Ohio Street, Salina, KS 67401
County: Saline
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
Core Based Statistical Area (CBSA): Salina, KS (#41460)
CBSA Micro Statistical Area: Yes
History of ChangesOffice Purchased
Financial SummaryTotal assets: $444.3 mil
Equity capital: $47.1 mil
Deposits held in domestic offices: $371.1 mil
Return on assets (ROA): 1.58% ($7.0 mil)
Quarterly return on assets: 0.89% ($4.0 mil)
Return on Equity (ROE): 14.73% ($6.9 mil)
Quarterly return on equity: 8.05% ($3.8 mil)
Net income: $6.6 mil
Quarterly Net income: $0.9 mil
Pretax return on assets: 1.66% ($7,374.6 mil)
Quarterly Pretax return on assets: 0.93% ($4,131.5 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)92
Total assets$444,250
Cash and due from depository institutions$49,683
Interest-bearing balances$45,784
Securities$100,629
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$283,385
Loan loss allowance $4,367
Trading account assets$0
Bank premises and fixed assets$1,577
Other real estate owned$2,088
Goodwill and other intangibles$0
All other assets$6,888
Life insurance assets$444,250
Total liabilities and capital$397,190
Total liabilities$371,110
Total deposits$316,158
Interest-bearing deposits$371,110
Deposits held in domestic offices$86
% insured (estimated)1535.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$24,150
Other borrowed funds $0
Subordinated debt $395
All other liabilities $47,060
Total equity capital$47,060
Total bank equity capital$47,060
Perpetual preferred stock$0
Common stock$3,900
Surplus$3,900
Undivided profits $39,260
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $3,485
Earning assets $112
Long-term assets (5+ years) $3,628
Average Assets, year-to-date $429,798
Average Assets, quarterly $59,302
Volatile liabilities $415,240
Insider loans $427,765
FHLB advances $298,051
Loans and leases held for sale $423,842
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $44,206
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $64,907
Derivatives$1,680
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $19,652
Total interest expense $4,807
Net interest income $14,845
Provision for loan and lease losses $1,647
Total noninterest income $2,826
Fiduciary activities $119
Service charges on deposit accounts $1,433
Trading account gains & fees $0
Additional noninterest income $1,274
Total noninterest expense $9,168
Salaries and employee benefits $5,387
Premises and equipment expense $1,155
Additional noninterest expense $2,626
Pre-tax net operating income $6,856
Securities gains (losses) $18
Applicable income taxes $297
Income before extraordinary items $6,577
Extraordinary gains - net $0
Net income attributable to bank $6,577
Net charge-offs $0
Cash dividends $6,577
Sale, conversion, retirement of capital stock, net $409
Net operating income $2,700
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.95%
Cost of funding earning assets 1.21%
Net interest margin 3.74%
Noninterest income to earning assets 0.71%
Noninterest expense to earning assets 2.31%
Net operating income to assets 1.58%
Return on assets (ROA) 1.58%
Pretax return on assets 1.66%
Return on equity (ROE) 14.73%
Retained earnings to average equity (YTD only) 8.68%
Net charge-offs to loans 0.15%
Credit loss provision to net charge-offs 402.69%
Efficiency ratio20.79%
Assets per employee$51,882
Cash dividends to net income (YTD only)4.83%
Condition Ratios (%)
Loss allowance to loans 41.05%
Loss allowance to noncurrent loans 1.52%
Noncurrent assets plus other real estate owned to assets 125.31%
Noncurrent loans to loans 1.25%
Net loans and leases to deposits1.21%
Net loans and leases to core deposits 76.36%
Equity capital to assets 79.96%
Core capital (leverage) ratio 10.59%
Tier 1 risk-based capital ratio 10.43%
Total risk-based capital ratio 14.83%
Memoranda
Average assets$16
Average earning assets$415,240
Average equity $44,649
Average loans $396,767
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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$59,308
Number of Accounts1
Personal trust and agency accounts$29,015
Employee benefit-defined contribution accounts$18,218
Employee benefit-defined benefit accounts$7,283
Other retirement accounts$0
Corporate trust and agency accounts$613
Investment management agency accounts$0
Other fiduciary accounts$2,901
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts88
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$613
Employee benefit-defined benefit accounts$0
Other retirement accounts$30,293
Corporate trust and agency accounts$1,412
Other fiduciary accounts$23,187
Fiduciary accounts held in foreign offices$5,694
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7 Kansas Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
010579The Bennington State Bank2130 South Ohio Street, Salina, KS 67401January 01, 1884Full Service Brick and Mortar
16181Minneapolis Branch320 West Second, Minneapolis, KS 67467January 01, 1880Full Service Brick and Mortar
2238019Bennington Branch104 West Washington, Bennington, KS 67422April 03, 1989Full Service Brick and Mortar
3238020Salina Branch200 South 9th Street, Salina, KS 67402December 18, 1995Limited Service Facility
4440818Wamego Branch1800 Farrell Drive, Wamego, KS 66547December 10, 2004Full Service Brick and Mortar
56725Thunder Bank Branch102 North Main Street, Sylvan Grove, KS 67481January 28, 1903Full Service Brick and Mortar
73989Lucas Branch132 South Main, Lucas, KS 67648January 01, 1909Full Service Brick and Mortar
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