The Citizens National Bank in Independence - Overview
General
FDIC Certificate #: 13558 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Commerce Bank (#24998) Federal Reserve ID: 817552 Date Established: January 04, 1934 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 2 (Interstate: No) OTS Docket #: 13679 FDIC's unique #: 8476 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: No Date of Deposit Insurance: January 04, 1934 Last Structure Change Effective Date: June 04, 1999 Last Structure Change Process Date: August 17, 1999 Last Data Update: August 17, 1999 Data Source Date: April 05, 2012
Location
Address: 125 North Pennsylvania Avenue, Independence, KS 67301 County: Montgomery Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Wichita Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: Western Core Based Statistical Area (CBSA): Coffeyville, KS (#17700) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $92.1 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1998)
Dollar figures in thousands
36Total employees (full-time equivalent)
$95,695Total assets
$3,933Cash and due from depository institutions
$0Interest-bearing balances
$26,092Securities
$11,800Federal funds sold & reverse repurchase agreements
$44,978Net loans & leases
$956Loan loss allowance
$0Trading account assets
$1,138Bank premises and fixed assets
$38Other real estate owned
$6,746Goodwill and other intangibles
$0Life insurance assets
$970All other assets
$95,695Total liabilities and capital
$79,256Total liabilities
$78,748Total deposits
$67,096Interest-bearing deposits
$78,748Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$508All other liabilities
$16,439Total equity capital
$16,439Total bank equity capital
$16,439Perpetual preferred stock
$0Common stock
$500Surplus
$15,337Undivided profits
Memoranda
$602Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$631Earning assets
$9Long-term assets (5+ years)
$552Average Assets, year-to-date
$82,870Average Assets, quarterly
$10,996Volatile liabilities
$92,443Insider loans
$94,117FHLB advances
$6,512Loans and leases held for sale
$994Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$5,055Total unused commitments
$0Restructured Loans and leases
$46,234Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$5,963Total interest income
$2,704Total interest expense
$3,259Net interest income
$47Provision for loan and lease losses
$606Total noninterest income
$0Fiduciary activities
$346Service charges on deposit accounts
$0Trading account gains & fees
$260Additional noninterest income
$2,590Total noninterest expense
$1,186Salaries and employee benefits
$244Premises and equipment expense
$1,160Additional noninterest expense
$1,228Pre-tax net operating income
$0Securities gains (losses)
$552Applicable income taxes
$676Income before extraordinary items
$0Extraordinary gains - net
$676Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$58Sale, conversion, retirement of capital stock, net
$550Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.50%Yield on earning assets
3.40%Cost of funding earning assets
4.10%Net interest margin
0.76%Noninterest income to earning assets
3.26%Noninterest expense to earning assets
0.73%Net operating income to assets
0.73%Return on assets (ROA)
1.33%Pretax return on assets
4.14%Return on equity (ROE)
0.77%Retained earnings to average equity (YTD only)
0.12%Net charge-offs to loans
81.03%Credit loss provision to net charge-offs
21.98%Efficiency ratio
57,671Assets per employee
2.66%Cash dividends to net income (YTD only)
Condition Ratios (%)
81.36%Loss allowance to loans
2.08%Loss allowance to noncurrent loans
151.51%Noncurrent assets plus other real estate owned to assets
0.70%Noncurrent loans to loans
1.37%Net loans and leases to deposits
57.12%Net loans and leases to core deposits
62.27%Equity capital to assets
17.18%Core capital (leverage) ratio
11.15%Tier 1 risk-based capital ratio
20.48%Total risk-based capital ratio
Memoranda
$22Average assets
$92,443Average earning assets
$16,348Average equity
$79,461Average loans
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