FDIC Certificate #: 5398 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Pinnacle Bank (#10634) Federal Reserve ID: 486659 Date Established: March 01, 1889 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 1 (Interstate: No) FDIC's unique #: 3645 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 01, 1934 Last Structure Change Effective Date: March 06, 2003 Last Structure Change Process Date: March 13, 2003 Last Data Update: March 13, 2003 Data Source Date: April 05, 2012
Location
Address: Main Street, Elwood, NE 68937 County: Gosper 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 Core Based Statistical Area (CBSA): Lexington, NE (#30420) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $22.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
8Total employees (full-time equivalent)
$21,974Total assets
$2,335Cash and due from depository institutions
$1,387Interest-bearing balances
$14,029Securities
$0Federal funds sold & reverse repurchase agreements
$5,247Net loans & leases
$146Loan loss allowance
$0Trading account assets
$2Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$361All other assets
$21,974Total liabilities and capital
$18,276Total liabilities
$18,210Total deposits
$15,816Interest-bearing deposits
$18,210Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$66All other liabilities
$3,698Total equity capital
$3,698Total bank equity capital
$3,698Perpetual preferred stock
$0Common stock
$50Surplus
$200Undivided profits
Memoranda
$3,448Noncurrent loans and leases
$2,433Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$353Average Assets, year-to-date
$20,663Average Assets, quarterly
$10,373Volatile liabilities
$21,473Insider loans
$21,533FHLB advances
$1,586Loans and leases held for sale
$495Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$2,433Total unused commitments
$0Restructured Loans and leases
$111Derivatives
Income and Expense (December 31, 2002)
Dollar figures in thousands
$1,270Total interest income
$554Total interest expense
$716Net interest income
$0Provision for loan and lease losses
$43Total noninterest income
$0Fiduciary activities
$32Service charges on deposit accounts
$0Trading account gains & fees
$11Additional noninterest income
$646Total noninterest expense
$411Salaries and employee benefits
$56Premises and equipment expense
$179Additional noninterest expense
$113Pre-tax net operating income
$0Securities gains (losses)
-$6Applicable income taxes
$119Income before extraordinary items
$0Extraordinary gains - net
$119Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$0Sale, conversion, retirement of capital stock, net
$8Net operating income
Performance and Condition Ratios (December 31, 2002)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.25%Yield on earning assets
2.73%Cost of funding earning assets
3.52%Net interest margin
0.21%Noninterest income to earning assets
3.18%Noninterest expense to earning assets
0.55%Net operating income to assets
0.55%Return on assets (ROA)
0.53%Pretax return on assets
3.26%Return on equity (ROE)
3.04%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
85,112Assets per employee
2.75%Cash dividends to net income (YTD only)
Condition Ratios (%)
6.72%Loss allowance to loans
2.71%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
28.81%Net loans and leases to core deposits
31.56%Equity capital to assets
16.83%Core capital (leverage) ratio
17.07%Tier 1 risk-based capital ratio
41.73%Total risk-based capital ratio
Memoranda
$43Average assets
$21,473Average earning assets
$3,648Average equity
$20,326Average loans
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