The First National Bank of Sterling in Sterling, Kansas (KS)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 09, 1994

The First National Bank of Sterling in Sterling, Kansas (KS)
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The First National Bank of Sterling - Overview

General
FDIC Certificate #: 4776
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First Bank (#16473)
Federal Reserve ID: 541352
Date Established: May 05, 1884
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 #: 3189
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: November 09, 1994
Last Structure Change Process Date: December 05, 1994
Last Data Update: December 05, 1994
Data Source Date: April 05, 2012
Location
Address: Drawer 67, Sterling, KS 67579
County: Rice
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: $8.1 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

Dollar figures in thousands
0Total employees (full-time equivalent)
$6Total assets
$8,413Cash and due from depository institutions
$333Interest-bearing balances
$0Securities
$2,302Federal funds sold & reverse repurchase agreements
$850Net loans & leases
$4,722Loan loss allowance
$74Trading account assets
$0Bank premises and fixed assets
$73Other real estate owned
$5Goodwill and other intangibles
$128Life insurance assets
$0All other assets
$0Total liabilities and capital
$8,413Total liabilities
$7,837Total deposits
$7,796Interest-bearing deposits
$7,022Deposits held in domestic offices
7796.00%% insured (estimated)
$97Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$41Total equity capital
$41Total bank equity capital
$576Perpetual preferred stock
$0Common stock
$200Surplus
$991Undivided profits
Memoranda
$-615Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$60Income earned, not collected on loans
$82Earning assets
$7,874Long-term assets (5+ years)
$183Average Assets, year-to-date
$8,246Average Assets, quarterly
$8,458Volatile liabilities
$116Insider loans
$573FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$710Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$576Total risk weighted assets
$4,829Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1993)

Dollar figures in thousands
$0Total interest income
$558Total interest expense
$226Net interest income
$332Provision for loan and lease losses
$2Total noninterest income
$54Fiduciary activities
$0Service charges on deposit accounts
$29Trading account gains & fees
$0Additional noninterest income
$25Total noninterest expense
$442Salaries and employee benefits
$172Premises and equipment expense
$16Additional noninterest expense
$254Pre-tax net operating income
-$58Securities gains (losses)
$17Applicable income taxes
$0Income before extraordinary items
-$41Extraordinary gains - net
$10Net income attributable to bank
-$31Net charge-offs
$9Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1993)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.29%Cost of funding earning assets
2.95%Net interest margin
4.34%Noninterest income to earning assets
0.71%Noninterest expense to earning assets
5.78%Net operating income to assets
-0.70%Return on assets (ROA)
-0.38%Pretax return on assets
-0.38%Return on equity (ROE)
-5.82%Retained earnings to average equity (YTD only)
-5.82%Net charge-offs to loans
0.18%Credit loss provision to net charge-offs
22.22%Efficiency ratio
114,508Assets per employee
1.40%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.54%Loss allowance to noncurrent loans
123.33%Noncurrent assets plus other real estate owned to assets
0.77%Noncurrent loans to loans
1.25%Net loans and leases to deposits
60.57%Net loans and leases to core deposits
61.48%Equity capital to assets
6.85%Core capital (leverage) ratio
6.77%Tier 1 risk-based capital ratio
11.93%Total risk-based capital ratio
Memoranda
$13Average assets
$8,246Average earning assets
$533Average equity
$7,650Average loans

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