West Plains Bank in Ainsworth, Nebraska (NE)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • West Plains Bank in Ainsworth, Nebraska (NE)
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West Plains Bank - Overview

  • General
  • FDIC Certificate #: 5369
    Status: Active
    Federal Reserve ID: 967952
    Bank Holding Company (Regulatory Top Holder): Commercial Investment Co., Inc. (RSSDID: 1051429, Location: Ainsworth, NE)
    Date Established: October 01, 1913
    WWW: http://www.westplainsbk.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 53614
    FDIC's unique #: 3622
    Numeric code: 13
    Regulator: FED
    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: December 20, 2010
    Last Structure Change Process Date: January 04, 2011
    Last Data Update: January 04, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 200 North Main Street, Ainsworth, NE 69210
    County: Brown
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Grand Island
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: West
  • History of Changes
  • Name Change
    Change in Primary Regulatory Agency
    Change in Supervisory Agency
  • Financial Summary
  • Total assets: $91.5 mil
    Equity capital: $10.8 mil
    Deposits held in domestic offices: $72.4 mil
    Return on assets (ROA): 1.06% ($1.0 mil)
    Quarterly return on assets: 0.96% ($0.9 mil)
    Return on Equity (ROE): 8.64% ($1.0 mil)
    Quarterly return on equity: 7.92% ($0.9 mil)
    Net income: $0.9 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 1.41% ($1,290.8 mil)
    Quarterly Pretax return on assets: 1.53% ($1,400.6 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
  • 16Total employees (full-time equivalent)
  • $91,543Total assets
  • $5,389Cash and due from depository institutions
  • $2,475Interest-bearing balances
  • $26,432Securities
  • $50Federal funds sold & reverse repurchase agreements
  • $54,895Net loans & leases
  • $736Loan loss allowance
  • $0Trading account assets
  • $205Bank premises and fixed assets
  • $0Other real estate owned
  • $243Goodwill and other intangibles
  • $91,543Life insurance assets
  • $4,329All other assets
  • $80,704Total liabilities and capital
  • $72,442Total liabilities
  • $59,366Total deposits
  • $72,442Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $6,907Trading liabilities
  • $0Other borrowed funds
  • $1,355Subordinated debt
  • $10,839All other liabilities
  • $10,839Total equity capital
  • $10,839Total bank equity capital
  • $0Perpetual preferred stock
  • $150Common stock
  • $2,315Surplus
  • $8,374Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $197Income earned, not collected on loans
  • $0Earning assets
  • $1,067Long-term assets (5+ years)
  • $83,852Average Assets, year-to-date
  • $8,506Average Assets, quarterly
  • $86,453Volatile liabilities
  • $89,213Insider loans
  • $80,104FHLB advances
  • $88,871Loans and leases held for sale
  • $2,322Unused loan commitments
  • $2,322Tier 1 (core) risk-based capital
  • $10,314Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $19,744Restructured Loans and leases
  • $2,031Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,677Total interest income
  • $744Total interest expense
  • $2,933Net interest income
  • $0Provision for loan and lease losses
  • $337Total noninterest income
  • $0Fiduciary activities
  • $152Service charges on deposit accounts
  • $0Trading account gains & fees
  • $185Additional noninterest income
  • $2,061Total noninterest expense
  • $1,328Salaries and employee benefits
  • $131Premises and equipment expense
  • $602Additional noninterest expense
  • $1,209Pre-tax net operating income
  • $9Securities gains (losses)
  • $301Applicable income taxes
  • $917Income before extraordinary items
  • $0Extraordinary gains - net
  • $917Net income attributable to bank
  • $0Net charge-offs
  • $917Cash dividends
  • $112Sale, conversion, retirement of capital stock, net
  • $438Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.61%Yield on earning assets
  • 0.93%Cost of funding earning assets
  • 3.68%Net interest margin
  • 0.42%Noninterest income to earning assets
  • 2.58%Noninterest expense to earning assets
  • 1.05%Net operating income to assets
  • 1.06%Return on assets (ROA)
  • 1.41%Pretax return on assets
  • 8.64%Return on equity (ROE)
  • 4.51%Retained earnings to average equity (YTD only)
  • 0.22%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 10.79%Efficiency ratio
  • 63,028Assets per employee
  • 5.72%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 47.76%Loss allowance to loans
  • 1.32%Loss allowance to noncurrent loans
  • 373.60%Noncurrent assets plus other real estate owned to assets
  • 0.22%Noncurrent loans to loans
  • 0.35%Net loans and leases to deposits
  • 75.78%Net loans and leases to core deposits
  • 77.38%Equity capital to assets
  • 11.84%Core capital (leverage) ratio
  • 11.61%Tier 1 risk-based capital ratio
  • 12.88%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $86,453Average earning assets
  • $10,613Average equity
  • $79,773Average loans

List of branches

  • 2 Nebraska Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    03622West Plains Bank200 North Main Street, Ainsworth, NE 69210October 01, 1913Full Service Brick and Mortar
    13710Springview Branch110 S. Main Street, Springview, NE 68778January 01, 1910Full Service Brick and Mortar

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