Wells Bank of Platte City in Platte City, Missouri (MO)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Wells Bank of Platte City in Platte City, Missouri (MO)
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Wells Bank of Platte City - Overview

  • General
  • FDIC Certificate #: 14025
    Status: Active
    Federal Reserve ID: 646556
    Bank Holding Company (Regulatory Top Holder): Wells Bancshares, Inc. (RSSDID: 1248779, Location: Platte City, MO)
    Date Established: March 07, 1934
    WWW: http://www.wells-bank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 8766
    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: Yes
    Asset Concentration Hierarchy: All Other Specialization < 1 Billion
    Date of Deposit Insurance: March 09, 1934
    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: Third And Main Streets, Platte City, MO 64079
    County: Platte
    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: West
    Metropolitan Statistical Area (MSA): Kansas City, MO-KS (#3760)
    Combined Statistical Area (CSA): Kansas City-Overland Park-Kansas City, MO-KS (#312)
    Core Based Statistical Area (CBSA): Kansas City, MO-KS (#28140)
    CBSA Metro Statistical Area: Kansas City, MO-KS (#28140)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $94.2 mil
    Equity capital: $8.5 mil
    Deposits held in domestic offices: $79.0 mil
    Return on assets (ROA): 2.28% ($2.1 mil)
    Quarterly return on assets: 2.20% ($2.1 mil)
    Return on Equity (ROE): 29.15% ($2.6 mil)
    Quarterly return on equity: 23.37% ($2.1 mil)
    Net income: $2.1 mil
    Quarterly Net income: $0.5 mil
    Pretax return on assets: 2.27% ($2,138.3 mil)
    Quarterly Pretax return on assets: 2.28% ($2,147.7 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
  • 20Total employees (full-time equivalent)
  • $94,199Total assets
  • $1,733Cash and due from depository institutions
  • $301Interest-bearing balances
  • $31,699Securities
  • $170Federal funds sold & reverse repurchase agreements
  • $56,707Net loans & leases
  • $802Loan loss allowance
  • $0Trading account assets
  • $1,113Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $94,199Life insurance assets
  • $2,777All other assets
  • $85,670Total liabilities and capital
  • $79,046Total liabilities
  • $64,849Total deposits
  • $79,046Interest-bearing deposits
  • $82Deposits held in domestic offices
  • 1829.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $4,500Trading liabilities
  • $0Other borrowed funds
  • $295Subordinated debt
  • $8,529All other liabilities
  • $8,529Total equity capital
  • $8,529Total bank equity capital
  • $0Perpetual preferred stock
  • $200Common stock
  • $419Surplus
  • $7,910Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $970Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $819Income earned, not collected on loans
  • $0Earning assets
  • $543Long-term assets (5+ years)
  • $88,877Average Assets, year-to-date
  • $30,712Average Assets, quarterly
  • $90,195Volatile liabilities
  • $91,161Insider loans
  • $65,338FHLB advances
  • $94,567Loans and leases held for sale
  • $1,505Unused loan commitments
  • $1,505Tier 1 (core) risk-based capital
  • $7,626Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $5,255Restructured Loans and leases
  • $87Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,300Total interest income
  • $770Total interest expense
  • $3,530Net interest income
  • $60Provision for loan and lease losses
  • $557Total noninterest income
  • $0Fiduciary activities
  • $192Service charges on deposit accounts
  • $0Trading account gains & fees
  • $365Additional noninterest income
  • $1,971Total noninterest expense
  • $1,084Salaries and employee benefits
  • $225Premises and equipment expense
  • $662Additional noninterest expense
  • $2,056Pre-tax net operating income
  • -$9Securities gains (losses)
  • -$12Applicable income taxes
  • $2,059Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,059Net income attributable to bank
  • $0Net charge-offs
  • $2,059Cash dividends
  • -$4Sale, conversion, retirement of capital stock, net
  • $1,327Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.02%Yield on earning assets
  • 0.90%Cost of funding earning assets
  • 4.12%Net interest margin
  • 0.65%Noninterest income to earning assets
  • 2.30%Noninterest expense to earning assets
  • 2.29%Net operating income to assets
  • 2.28%Return on assets (ROA)
  • 2.27%Pretax return on assets
  • 29.15%Return on equity (ROE)
  • 10.36%Retained earnings to average equity (YTD only)
  • -0.01%Net charge-offs to loans
  • -1500.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 48,226Assets per employee
  • 4.71%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 64.45%Loss allowance to loans
  • 1.39%Loss allowance to noncurrent loans
  • 97.92%Noncurrent assets plus other real estate owned to assets
  • 0.87%Noncurrent loans to loans
  • 1.42%Net loans and leases to deposits
  • 71.74%Net loans and leases to core deposits
  • 79.68%Equity capital to assets
  • 9.05%Core capital (leverage) ratio
  • 8.06%Tier 1 risk-based capital ratio
  • 11.67%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $90,195Average earning assets
  • $7,063Average equity
  • $85,614Average loans

List of branches

  • 2 Missouri Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    08766Wells Bank Of Platte CityThird And Main Streets, Platte City, MO 64079March 07, 1934Full Service Brick and Mortar
    1467759Platte City Branch1098 Branch Street, Platte City, MO 64079September 01, 2007Full Service Brick and Mortar

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