The Bennington State Bank in Salina, Kansas (KS)
Overview, Financial Summary, Detailed Financial Reports, Branches

The Bennington State Bank - Overview

  • General
  • FDIC 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
    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
  • Location
  • Address: 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 Changes
  • Office Purchased
  • Financial Summary
  • Total 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
  • 92Total employees (full-time equivalent)
  • $444,250Total assets
  • $49,683Cash and due from depository institutions
  • $45,784Interest-bearing balances
  • $100,629Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $283,385Net loans & leases
  • $4,367Loan loss allowance
  • $0Trading account assets
  • $1,577Bank premises and fixed assets
  • $2,088Other real estate owned
  • $0Goodwill and other intangibles
  • $444,250Life insurance assets
  • $6,888All other assets
  • $397,190Total liabilities and capital
  • $371,110Total liabilities
  • $316,158Total deposits
  • $371,110Interest-bearing deposits
  • $86Deposits held in domestic offices
  • 1535.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $24,150Trading liabilities
  • $0Other borrowed funds
  • $395Subordinated debt
  • $47,060All other liabilities
  • $47,060Total equity capital
  • $47,060Total bank equity capital
  • $0Perpetual preferred stock
  • $3,900Common stock
  • $3,900Surplus
  • $39,260Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,485Income earned, not collected on loans
  • $112Earning assets
  • $3,628Long-term assets (5+ years)
  • $429,798Average Assets, year-to-date
  • $59,302Average Assets, quarterly
  • $415,240Volatile liabilities
  • $427,765Insider loans
  • $298,051FHLB advances
  • $423,842Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $44,206Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $64,907Restructured Loans and leases
  • $1,680Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $19,652Total interest income
  • $4,807Total interest expense
  • $14,845Net interest income
  • $1,647Provision for loan and lease losses
  • $2,826Total noninterest income
  • $119Fiduciary activities
  • $1,433Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,274Additional noninterest income
  • $9,168Total noninterest expense
  • $5,387Salaries and employee benefits
  • $1,155Premises and equipment expense
  • $2,626Additional noninterest expense
  • $6,856Pre-tax net operating income
  • $18Securities gains (losses)
  • $297Applicable income taxes
  • $6,577Income before extraordinary items
  • $0Extraordinary gains - net
  • $6,577Net income attributable to bank
  • $0Net charge-offs
  • $6,577Cash dividends
  • $409Sale, conversion, retirement of capital stock, net
  • $2,700Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.95%Yield on earning assets
  • 1.21%Cost of funding earning assets
  • 3.74%Net interest margin
  • 0.71%Noninterest income to earning assets
  • 2.31%Noninterest expense to earning assets
  • 1.58%Net operating income to assets
  • 1.58%Return on assets (ROA)
  • 1.66%Pretax return on assets
  • 14.73%Return on equity (ROE)
  • 8.68%Retained earnings to average equity (YTD only)
  • 0.15%Net charge-offs to loans
  • 402.69%Credit loss provision to net charge-offs
  • 20.79%Efficiency ratio
  • 51,882Assets per employee
  • 4.83%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 41.05%Loss allowance to loans
  • 1.52%Loss allowance to noncurrent loans
  • 125.31%Noncurrent assets plus other real estate owned to assets
  • 1.25%Noncurrent loans to loans
  • 1.21%Net loans and leases to deposits
  • 76.36%Net loans and leases to core deposits
  • 79.96%Equity capital to assets
  • 10.59%Core capital (leverage) ratio
  • 10.43%Tier 1 risk-based capital ratio
  • 14.83%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $415,240Average earning assets
  • $44,649Average equity
  • $396,767Average 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
  • $59,308Managed Assets
  • 1Number of Accounts
  • $29,015Personal trust and agency accounts
  • $18,218Employee benefit-defined contribution accounts
  • $7,283Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $613Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $2,901Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 88Number of Accounts
  • $0Personal trust and agency accounts
  • $613Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $30,293Other retirement accounts
  • $1,412Corporate trust and agency accounts
  • $23,187Other fiduciary accounts
  • $5,694Fiduciary accounts held in foreign offices

List of branches

  • 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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