The Freeport State Bank in Harper, Kansas (KS)
Overview, Financial Summary, Detailed Financial Reports, Branches

The Freeport State Bank - Overview

  • General
  • FDIC Certificate #: 18067
    Status: Active
    Federal Reserve ID: 739159
    Date Established: January 01, 1902
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 54793
    FDIC's unique #: 11991
    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: No
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: April 01, 2010
    Last Structure Change Process Date: June 01, 2010
    Last Data Update: June 01, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 807 West 14th Street, Harper, KS 67058
    County: Harper
    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
  • History of Changes
  • Corrections
    Change in OTS Docket Number
    Institution Becomes a Member of FHS (should we define?)
  • Financial Summary
  • Total assets: $23.5 mil
    Equity capital: $1.7 mil
    Deposits held in domestic offices: $21.8 mil
    Return on assets (ROA): 0.29% ($0.1 mil)
    Quarterly return on assets: 0.55% ($0.1 mil)
    Return on Equity (ROE): 4.04% ($0.1 mil)
    Quarterly return on equity: 7.25% ($0.1 mil)
    Net income: $0.1 mil
    Quarterly Net income: $0.0 mil
    Pretax return on assets: 0.17% ($39.9 mil)
    Quarterly Pretax return on assets: 0.09% ($21.1 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
  • 10Total employees (full-time equivalent)
  • $23,497Total assets
  • $3,184Cash and due from depository institutions
  • $1,729Interest-bearing balances
  • $6,313Securities
  • $2,295Federal funds sold & reverse repurchase agreements
  • $10,342Net loans & leases
  • $176Loan loss allowance
  • $0Trading account assets
  • $877Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $23,497Life insurance assets
  • $486All other assets
  • $21,836Total liabilities and capital
  • $21,782Total liabilities
  • $17,397Total deposits
  • $21,782Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $54Subordinated debt
  • $1,661All other liabilities
  • $1,661Total equity capital
  • $1,661Total bank equity capital
  • $301Perpetual preferred stock
  • $664Common stock
  • $730Surplus
  • $-34Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $118Income earned, not collected on loans
  • $0Earning assets
  • $169Long-term assets (5+ years)
  • $20,679Average Assets, year-to-date
  • $3,649Average Assets, quarterly
  • $21,221Volatile liabilities
  • $21,694Insider loans
  • $14,245FHLB advances
  • $22,888Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $1,545Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,463Restructured Loans and leases
  • $685Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $737Total interest income
  • $96Total interest expense
  • $641Net interest income
  • -$29Provision for loan and lease losses
  • $163Total noninterest income
  • $0Fiduciary activities
  • $90Service charges on deposit accounts
  • $0Trading account gains & fees
  • $73Additional noninterest income
  • $823Total noninterest expense
  • $448Salaries and employee benefits
  • $160Premises and equipment expense
  • $215Additional noninterest expense
  • $10Pre-tax net operating income
  • $26Securities gains (losses)
  • -$26Applicable income taxes
  • $62Income before extraordinary items
  • $0Extraordinary gains - net
  • $62Net income attributable to bank
  • $0Net charge-offs
  • $62Cash dividends
  • -$7Sale, conversion, retirement of capital stock, net
  • $16Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.88%Yield on earning assets
  • 0.51%Cost of funding earning assets
  • 3.37%Net interest margin
  • 0.86%Noninterest income to earning assets
  • 4.33%Noninterest expense to earning assets
  • 0.17%Net operating income to assets
  • 0.29%Return on assets (ROA)
  • 0.17%Pretax return on assets
  • 4.04%Return on equity (ROE)
  • 3.00%Retained earnings to average equity (YTD only)
  • -0.07%Net charge-offs to loans
  • 414.29%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 102,363Assets per employee
  • 2.35%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 25.81%Loss allowance to loans
  • 1.67%Loss allowance to noncurrent loans
  • 149.15%Noncurrent assets plus other real estate owned to assets
  • 0.50%Noncurrent loans to loans
  • 1.12%Net loans and leases to deposits
  • 47.48%Net loans and leases to core deposits
  • 47.48%Equity capital to assets
  • 7.07%Core capital (leverage) ratio
  • 6.75%Tier 1 risk-based capital ratio
  • 10.85%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $21,221Average earning assets
  • $1,534Average equity
  • $19,004Average loans

List of branches

  • 2 Kansas Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    011991The Freeport State Bank807 West 14th Street, Harper, KS 67058January 01, 1902Full Service Brick and Mortar
    1243817Anthony Branch300 West Main Street, Anthony, KS 67003September 05, 1989Full Service Brick and Mortar

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