The First State Bank in Norton, Kansas (KS)
Overview, Financial Summary, Detailed Financial Reports, Branches

The First State Bank - Overview

  • General
  • FDIC Certificate #: 5835
    Status: Active
    Federal Reserve ID: 394259
    Bank Holding Company (Regulatory Top Holder): Norton Bankshares, Inc. (RSSDID: 1056992, Location: Norton, KS)
    Date Established: April 21, 1902
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    OTS Docket #: 13277
    FDIC's unique #: 3990
    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: January 01, 1934
    Last Structure Change Effective Date: Febuary 15, 2007
    Last Structure Change Process Date: Febuary 28, 2007
    Last Data Update: Febuary 28, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 105 West Main Street, Norton, KS 67654
    County: Norton
    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
  • History of Changes
  • Corrections
    Office Purchased
  • Financial Summary
  • Total assets: $299.5 mil
    Equity capital: $32.7 mil
    Deposits held in domestic offices: $211.8 mil
    Return on assets (ROA): 1.80% ($5.4 mil)
    Quarterly return on assets: 1.35% ($4.0 mil)
    Return on Equity (ROE): 17.13% ($5.7 mil)
    Quarterly return on equity: 12.18% ($4.0 mil)
    Net income: $5.2 mil
    Quarterly Net income: $1.0 mil
    Pretax return on assets: 1.87% ($5,600.6 mil)
    Quarterly Pretax return on assets: 1.42% ($4,252.8 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
  • 55Total employees (full-time equivalent)
  • $299,496Total assets
  • $5,940Cash and due from depository institutions
  • $176Interest-bearing balances
  • $149,635Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $130,208Net loans & leases
  • $2,742Loan loss allowance
  • $0Trading account assets
  • $2,407Bank premises and fixed assets
  • $30Other real estate owned
  • $3,613Goodwill and other intangibles
  • $299,496Life insurance assets
  • $7,663All other assets
  • $266,786Total liabilities and capital
  • $211,823Total liabilities
  • $176,434Total deposits
  • $211,823Interest-bearing deposits
  • $83Deposits held in domestic offices
  • 20873.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $33,258Trading liabilities
  • $0Other borrowed funds
  • $832Subordinated debt
  • $32,710All other liabilities
  • $32,710Total equity capital
  • $32,710Total bank equity capital
  • $0Perpetual preferred stock
  • $500Common stock
  • $6,089Surplus
  • $26,121Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $485Income earned, not collected on loans
  • $32Earning assets
  • $3,233Long-term assets (5+ years)
  • $280,019Average Assets, year-to-date
  • $150,157Average Assets, quarterly
  • $286,975Volatile liabilities
  • $297,764Insider loans
  • $176,367FHLB advances
  • $286,550Loans and leases held for sale
  • $1,112Unused loan commitments
  • $1,112Tier 1 (core) risk-based capital
  • $23,198Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $35,743Restructured Loans and leases
  • $342Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $14,308Total interest income
  • $3,699Total interest expense
  • $10,609Net interest income
  • $50Provision for loan and lease losses
  • $505Total noninterest income
  • $30Fiduciary activities
  • $238Service charges on deposit accounts
  • $0Trading account gains & fees
  • $237Additional noninterest income
  • $5,687Total noninterest expense
  • $3,885Salaries and employee benefits
  • $435Premises and equipment expense
  • $1,367Additional noninterest expense
  • $5,377Pre-tax net operating income
  • $0Securities gains (losses)
  • $220Applicable income taxes
  • $5,157Income before extraordinary items
  • $0Extraordinary gains - net
  • $5,157Net income attributable to bank
  • $0Net charge-offs
  • $5,157Cash dividends
  • $332Sale, conversion, retirement of capital stock, net
  • $3,080Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.31%Yield on earning assets
  • 1.37%Cost of funding earning assets
  • 3.93%Net interest margin
  • 0.19%Noninterest income to earning assets
  • 2.11%Noninterest expense to earning assets
  • 1.80%Net operating income to assets
  • 1.80%Return on assets (ROA)
  • 1.87%Pretax return on assets
  • 17.13%Return on equity (ROE)
  • 6.90%Retained earnings to average equity (YTD only)
  • 0.25%Net charge-offs to loans
  • 15.06%Credit loss provision to net charge-offs
  • 16.35%Efficiency ratio
  • 50,153Assets per employee
  • 5.45%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 59.72%Loss allowance to loans
  • 2.06%Loss allowance to noncurrent loans
  • 565.36%Noncurrent assets plus other real estate owned to assets
  • 0.17%Noncurrent loans to loans
  • 0.36%Net loans and leases to deposits
  • 61.47%Net loans and leases to core deposits
  • 65.70%Equity capital to assets
  • 10.92%Core capital (leverage) ratio
  • 8.10%Tier 1 risk-based capital ratio
  • 13.15%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $286,975Average earning assets
  • $30,104Average equity
  • $269,617Average 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
  • $6,631Managed Assets
  • 1Number of Accounts
  • $6,631Personal trust and agency accounts
  • $1,910Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $3,917Other retirement accounts
  • $0Corporate trust and agency accounts
  • $280Investment management agency accounts
  • $524Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 218Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 4 Kansas Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    03990The First State Bank105 West Main Street, Norton, KS 67654April 21, 1902Full Service Brick and Mortar
    1208224Plainville Branch120 West Mill, Plainville, KS 67663December 19, 1997Full Service Brick and Mortar
    29223Hill City Branch101 East Cherry Street, Hill City, KS 67642June 24, 1932Full Service Brick and Mortar
    33121Hoxie First Nat'l Branch801 Main Street, Hoxie, KS 67740January 10, 1901Full Service Brick and Mortar

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