The Western State Bank in Garden City, Kansas (KS)
Overview, Financial Summary, Detailed Financial Reports, Branches


The Western State Bank - Overview

  • General
  • FDIC Certificate #: 21121
    Status: Active
    Federal Reserve ID: 988153
    Bank Holding Company (Regulatory Top Holder): Whitcorp Financial Company (RSSDID: 1051979, Location: Leoti, KS)
    Date Established: June 19, 1973
    WWW: http://www.wsbks.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 10 (Domestic: 10, Interstate: No)
    FDIC's unique #: 14600
    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: June 19, 1973
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 1500 East Kansas Avenue, Garden City, KS 67846
    County: Finney
    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
    Core Based Statistical Area (CBSA): Garden City, KS (#23780)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Corrections
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $468.3 mil
    Equity capital: $48.7 mil
    Deposits held in domestic offices: $418.3 mil
    Return on assets (ROA): 1.28% ($6.0 mil)
    Quarterly return on assets: 1.63% ($7.6 mil)
    Return on Equity (ROE): 11.94% ($5.9 mil)
    Quarterly return on equity: 15.12% ($7.4 mil)
    Net income: $5.5 mil
    Quarterly Net income: $1.8 mil
    Pretax return on assets: 1.34% ($6,275.8 mil)
    Quarterly Pretax return on assets: 1.69% ($7,915.0 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
  • 113Total employees (full-time equivalent)
  • $468,341Total assets
  • $82,246Cash and due from depository institutions
  • $67,008Interest-bearing balances
  • $131,504Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $240,747Net loans & leases
  • $6,266Loan loss allowance
  • $0Trading account assets
  • $7,428Bank premises and fixed assets
  • $1,147Other real estate owned
  • $744Goodwill and other intangibles
  • $468,341Life insurance assets
  • $4,525All other assets
  • $419,615Total liabilities and capital
  • $418,305Total liabilities
  • $323,097Total deposits
  • $418,305Interest-bearing deposits
  • $74Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $151Trading liabilities
  • $0Other borrowed funds
  • $1,159Subordinated debt
  • $48,726All other liabilities
  • $48,726Total equity capital
  • $48,726Total bank equity capital
  • $0Perpetual preferred stock
  • $338Common stock
  • $2,338Surplus
  • $46,050Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $1,102Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,942Income earned, not collected on loans
  • $0Earning assets
  • $2,897Long-term assets (5+ years)
  • $439,259Average Assets, year-to-date
  • $114,244Average Assets, quarterly
  • $428,900Volatile liabilities
  • $447,721Insider loans
  • $298,528FHLB advances
  • $434,165Loans and leases held for sale
  • $458Unused loan commitments
  • $458Tier 1 (core) risk-based capital
  • $46,407Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $63,866Restructured Loans and leases
  • $2,354Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $16,795Total interest income
  • $2,131Total interest expense
  • $14,664Net interest income
  • $484Provision for loan and lease losses
  • $1,562Total noninterest income
  • $0Fiduciary activities
  • $626Service charges on deposit accounts
  • $0Trading account gains & fees
  • $936Additional noninterest income
  • $10,008Total noninterest expense
  • $5,893Salaries and employee benefits
  • $1,284Premises and equipment expense
  • $2,831Additional noninterest expense
  • $5,734Pre-tax net operating income
  • $0Securities gains (losses)
  • $226Applicable income taxes
  • $5,508Income before extraordinary items
  • $0Extraordinary gains - net
  • $5,508Net income attributable to bank
  • $0Net charge-offs
  • $5,508Cash dividends
  • $383Sale, conversion, retirement of capital stock, net
  • $1,658Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.17%Yield on earning assets
  • 0.53%Cost of funding earning assets
  • 3.64%Net interest margin
  • 0.39%Noninterest income to earning assets
  • 2.48%Noninterest expense to earning assets
  • 1.28%Net operating income to assets
  • 1.28%Return on assets (ROA)
  • 1.34%Pretax return on assets
  • 11.94%Return on equity (ROE)
  • 8.35%Retained earnings to average equity (YTD only)
  • 0.16%Net charge-offs to loans
  • 126.37%Credit loss provision to net charge-offs
  • 16.23%Efficiency ratio
  • 60,477Assets per employee
  • 4.14%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 30.10%Loss allowance to loans
  • 2.54%Loss allowance to noncurrent loans
  • 212.98%Noncurrent assets plus other real estate owned to assets
  • 0.87%Noncurrent loans to loans
  • 1.19%Net loans and leases to deposits
  • 57.55%Net loans and leases to core deposits
  • 61.35%Equity capital to assets
  • 10.40%Core capital (leverage) ratio
  • 10.69%Tier 1 risk-based capital ratio
  • 15.55%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $428,900Average earning assets
  • $46,129Average equity
  • $402,916Average loans

List of branches

  • 10 Kansas Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    014600The Western State Bank1500 East Kansas Avenue, Garden City, KS 67846June 19, 1973Full Service Brick and Mortar
    1252267North Main Branch602 North Main, Garden City, KS 67846December 26, 1984Full Service Brick and Mortar
    3252268Goodland Branch815 Center, Goodland, KS 67735Febuary 12, 1998Full Service Brick and Mortar
    5252269West Branch409 W Kansas Ave, Gordan City, KS 67846December 23, 1997Full Service Brick and Mortar
    611573Leoti BranchSecond And Broadway, Leoti, KS 67861Febuary 01, 1892Full Service Brick and Mortar
    7242313Scott City Branch1425 South Main, Scott City, KS 67871June 22, 1995Full Service Brick and Mortar
    917505Ulysses Branch1100 West Oklahoma, Ulysses, KS 67880August 06, 1984Full Service Brick and Mortar
    11471111Dodge City Branch2121 North 14th Street, Dodge City, KS 67801Febuary 11, 2008Full Service Brick and Mortar
    12480742St Francis Branch401 E Washington Street, Saint Francis, KS 67756November 14, 2007Full Service Brick and Mortar
    13521456Colby Branch2080 S Franklin Ave, Suite 4, Colby, KS 67701June 09, 2011Full Service Brick and Mortar

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