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


The Solomon State Bank - Overview

  • General
  • FDIC Certificate #: 4773
    Status: Active
    Federal Reserve ID: 356659
    Bank Holding Company (Regulatory Top Holder): Solomon Bancshares, Inc. (RSSDID: 1063141, Location: Solomon, KS)
    Date Established: July 01, 1905
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 3186
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Mortgage Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: June 01, 2010
    Last Structure Change Process Date: June 01, 2010
    Last Data Update: June 01, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 126 West Main Street, Solomon, KS 67480
    County: Dickinson
    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
    Change in Location
  • Financial Summary
  • Total assets: $185.0 mil
    Equity capital: $22.9 mil
    Deposits held in domestic offices: $149.8 mil
    Return on assets (ROA): 1.33% ($2.5 mil)
    Quarterly return on assets: 1.25% ($2.3 mil)
    Return on Equity (ROE): 11.21% ($2.6 mil)
    Quarterly return on equity: 10.25% ($2.4 mil)
    Net income: $2.4 mil
    Quarterly Net income: $0.6 mil
    Pretax return on assets: 2.07% ($3,829.3 mil)
    Quarterly Pretax return on assets: 1.90% ($3,514.8 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
  • 23Total employees (full-time equivalent)
  • $184,989Total assets
  • $10,677Cash and due from depository institutions
  • $7,791Interest-bearing balances
  • $8,810Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $160,982Net loans & leases
  • $3,165Loan loss allowance
  • $0Trading account assets
  • $1,010Bank premises and fixed assets
  • $147Other real estate owned
  • $0Goodwill and other intangibles
  • $184,989Life insurance assets
  • $3,363All other assets
  • $162,066Total liabilities and capital
  • $149,764Total liabilities
  • $142,118Total deposits
  • $149,764Interest-bearing deposits
  • $88Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $12,100Trading liabilities
  • $0Other borrowed funds
  • $202Subordinated debt
  • $22,923All other liabilities
  • $22,923Total equity capital
  • $22,923Total bank equity capital
  • $0Perpetual preferred stock
  • $100Common stock
  • $950Surplus
  • $21,873Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $478Income earned, not collected on loans
  • $0Earning assets
  • $941Long-term assets (5+ years)
  • $177,583Average Assets, year-to-date
  • $5,464Average Assets, quarterly
  • $184,199Volatile liabilities
  • $186,277Insider loans
  • $114,960FHLB advances
  • $187,269Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $22,923Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $8,260Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $10,504Total interest income
  • $2,648Total interest expense
  • $7,856Net interest income
  • $1,600Provision for loan and lease losses
  • $195Total noninterest income
  • $0Fiduciary activities
  • $162Service charges on deposit accounts
  • $0Trading account gains & fees
  • $33Additional noninterest income
  • $2,640Total noninterest expense
  • $1,572Salaries and employee benefits
  • $269Premises and equipment expense
  • $799Additional noninterest expense
  • $3,811Pre-tax net operating income
  • $0Securities gains (losses)
  • $1,369Applicable income taxes
  • $2,442Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,442Net income attributable to bank
  • $0Net charge-offs
  • $2,442Cash dividends
  • $603Sale, conversion, retirement of capital stock, net
  • $100Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.96%Yield on earning assets
  • 1.50%Cost of funding earning assets
  • 4.46%Net interest margin
  • 0.11%Noninterest income to earning assets
  • 1.50%Noninterest expense to earning assets
  • 1.33%Net operating income to assets
  • 1.33%Return on assets (ROA)
  • 2.07%Pretax return on assets
  • 11.21%Return on equity (ROE)
  • 10.75%Retained earnings to average equity (YTD only)
  • 0.37%Net charge-offs to loans
  • 265.34%Credit loss provision to net charge-offs
  • 8.97%Efficiency ratio
  • 32,791Assets per employee
  • 8.04%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 4.10%Loss allowance to loans
  • 1.93%Loss allowance to noncurrent loans
  • 662.13%Noncurrent assets plus other real estate owned to assets
  • 0.34%Noncurrent loans to loans
  • 0.29%Net loans and leases to deposits
  • 107.49%Net loans and leases to core deposits
  • 120.25%Equity capital to assets
  • 12.39%Core capital (leverage) ratio
  • 12.24%Tier 1 risk-based capital ratio
  • 19.94%Total risk-based capital ratio
  • Memoranda
  • $21Average assets
  • $184,199Average earning assets
  • $21,783Average equity
  • $176,218Average loans

List of branches

  • 3 Kansas Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    03186The Solomon State Bank126 West Main Street, Solomon, KS 67480July 01, 1905Full Service Brick and Mortar
    1204094Abilene Branch501 North Cedar, Abilene, KS 67410January 16, 1990Full Service Brick and Mortar
    3204095Salina Branch605 Magnolia, Salina, KS 67401November 04, 1996Full Service Brick and Mortar

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