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

This bank is inactive as of Febuary 28, 2009

  • Vermillion State Bank in Vermillion, Kansas (KS)
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Vermillion State Bank - Overview

  • General
  • FDIC Certificate #: 16404
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: The First National Bank of Centralia (#4636)
    Federal Reserve ID: 551557
    Date Established: April 10, 1946
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 10581
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: April 10, 1946
    Last Structure Change Effective Date: Febuary 28, 2009
    Last Structure Change Process Date: March 03, 2009
    Last Data Update: March 03, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: Main Street, Vermillion, KS 66544
    County: Marshall
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Kansas City
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
  • Financial Summary
  • Total assets: $15.4 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, 2008)

  • Dollar figures in thousands
  • 4Total employees (full-time equivalent)
  • $15,350Total assets
  • $308Cash and due from depository institutions
  • $0Interest-bearing balances
  • $8,764Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $5,499Net loans & leases
  • $101Loan loss allowance
  • $0Trading account assets
  • $42Bank premises and fixed assets
  • $0Other real estate owned
  • $405Goodwill and other intangibles
  • $0Life insurance assets
  • $332All other assets
  • $15,350Total liabilities and capital
  • $12,994Total liabilities
  • $12,199Total deposits
  • $10,886Interest-bearing deposits
  • $12,199Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $650Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $145All other liabilities
  • $2,356Total equity capital
  • $2,356Total bank equity capital
  • $2,356Perpetual preferred stock
  • $0Common stock
  • $25Surplus
  • $2,000Undivided profits
  • Memoranda
  • $331Noncurrent loans and leases
  • $747Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $10Earning assets
  • $0Long-term assets (5+ years)
  • $213Average Assets, year-to-date
  • $14,263Average Assets, quarterly
  • $2,379Volatile liabilities
  • $15,519Insider loans
  • $15,463FHLB advances
  • $1,879Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $747Total unused commitments
  • $0Restructured Loans and leases
  • $94Derivatives

Income and Expense (December 31, 2008)

  • Dollar figures in thousands
  • $851Total interest income
  • $332Total interest expense
  • $519Net interest income
  • $9Provision for loan and lease losses
  • $50Total noninterest income
  • $0Fiduciary activities
  • $36Service charges on deposit accounts
  • $0Trading account gains & fees
  • $14Additional noninterest income
  • $345Total noninterest expense
  • $196Salaries and employee benefits
  • $50Premises and equipment expense
  • $99Additional noninterest expense
  • $215Pre-tax net operating income
  • $26Securities gains (losses)
  • $5Applicable income taxes
  • $236Income before extraordinary items
  • $0Extraordinary gains - net
  • $236Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $30Sale, conversion, retirement of capital stock, net
  • $1,570Net operating income

Performance and Condition Ratios (December 31, 2008)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.91%Yield on earning assets
  • 2.31%Cost of funding earning assets
  • 3.61%Net interest margin
  • 0.35%Noninterest income to earning assets
  • 2.40%Noninterest expense to earning assets
  • 1.36%Net operating income to assets
  • 1.52%Return on assets (ROA)
  • 1.55%Pretax return on assets
  • 9.37%Return on equity (ROE)
  • -52.97%Retained earnings to average equity (YTD only)
  • 0.54%Net charge-offs to loans
  • 30.00%Credit loss provision to net charge-offs
  • 7.47%Efficiency ratio
  • 60,633Assets per employee
  • 3.84%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 665.25%Loss allowance to loans
  • 1.80%Loss allowance to noncurrent loans
  • 1010.00%Noncurrent assets plus other real estate owned to assets
  • 0.07%Noncurrent loans to loans
  • 0.18%Net loans and leases to deposits
  • 45.08%Net loans and leases to core deposits
  • 50.13%Equity capital to assets
  • 15.35%Core capital (leverage) ratio
  • 12.30%Tier 1 risk-based capital ratio
  • 24.23%Total risk-based capital ratio
  • Memoranda
  • $25Average assets
  • $15,519Average earning assets
  • $2,518Average equity
  • $14,396Average loans

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