The First National Bank of Stromsburg in Stromsburg, Nebraska (NE)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 22, 2001

  • The First National Bank of Stromsburg in Stromsburg, Nebraska (NE)
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The First National Bank of Stromsburg - Overview

  • General
  • FDIC Certificate #: 5479
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Cornerstone Bank (#5496)
    Federal Reserve ID: 535650
    Date Established: January 01, 1888
    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)
    OTS Docket #: 10699
    FDIC's unique #: 3713
    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: Febuary 22, 2001
    Last Structure Change Process Date: March 08, 2001
    Last Data Update: March 08, 2001
    Data Source Date: April 05, 2012
  • Location
  • Address: 123 East Fourth Street, Stromsburg, NE 68666
    County: Polk
    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
  • Financial Summary
  • Total assets: $25.9 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, 2000)

  • Dollar figures in thousands
  • 10Total employees (full-time equivalent)
  • $25,919Total assets
  • $646Cash and due from depository institutions
  • $0Interest-bearing balances
  • $8,240Securities
  • $175Federal funds sold & reverse repurchase agreements
  • $15,824Net loans & leases
  • $262Loan loss allowance
  • $0Trading account assets
  • $119Bank premises and fixed assets
  • $285Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $630All other assets
  • $25,919Total liabilities and capital
  • $22,885Total liabilities
  • $18,676Total deposits
  • $17,792Interest-bearing deposits
  • $18,676Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $4,034Other borrowed funds
  • $0Subordinated debt
  • $175All other liabilities
  • $3,034Total equity capital
  • $3,034Total bank equity capital
  • $3,034Perpetual preferred stock
  • $0Common stock
  • $50Surplus
  • $100Undivided profits
  • Memoranda
  • $2,884Noncurrent loans and leases
  • $2,237Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $766Earning assets
  • $0Long-term assets (5+ years)
  • $419Average Assets, year-to-date
  • $24,239Average Assets, quarterly
  • $889Volatile liabilities
  • $25,460Insider loans
  • $26,058FHLB advances
  • $2,475Loans and leases held for sale
  • $336Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $2,237Total unused commitments
  • $0Restructured Loans and leases
  • $226Derivatives

Income and Expense (December 31, 2000)

  • Dollar figures in thousands
  • $1,896Total interest income
  • $1,085Total interest expense
  • $811Net interest income
  • $10Provision for loan and lease losses
  • $168Total noninterest income
  • $0Fiduciary activities
  • $96Service charges on deposit accounts
  • $0Trading account gains & fees
  • $72Additional noninterest income
  • $656Total noninterest expense
  • $370Salaries and employee benefits
  • $76Premises and equipment expense
  • $210Additional noninterest expense
  • $313Pre-tax net operating income
  • $38Securities gains (losses)
  • $98Applicable income taxes
  • $253Income before extraordinary items
  • $0Extraordinary gains - net
  • $253Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $1Sale, conversion, retirement of capital stock, net
  • $25Net operating income

Performance and Condition Ratios (December 31, 2000)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.93%Yield on earning assets
  • 4.54%Cost of funding earning assets
  • 3.39%Net interest margin
  • 0.70%Noninterest income to earning assets
  • 2.75%Noninterest expense to earning assets
  • 0.89%Net operating income to assets
  • 0.99%Return on assets (ROA)
  • 1.38%Pretax return on assets
  • 8.98%Return on equity (ROE)
  • 8.09%Retained earnings to average equity (YTD only)
  • 0.01%Net charge-offs to loans
  • 1000.00%Credit loss provision to net charge-offs
  • 323.00%Efficiency ratio
  • 67,007Assets per employee
  • 2.59%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 9.88%Loss allowance to loans
  • 1.63%Loss allowance to noncurrent loans
  • 34.20%Noncurrent assets plus other real estate owned to assets
  • 4.05%Noncurrent loans to loans
  • 4.76%Net loans and leases to deposits
  • 84.73%Net loans and leases to core deposits
  • 92.53%Equity capital to assets
  • 11.71%Core capital (leverage) ratio
  • 11.35%Tier 1 risk-based capital ratio
  • 17.09%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $25,460Average earning assets
  • $2,818Average equity
  • $23,897Average loans

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