Western Nebraska National Bank in Valentine, Nebraska (NE)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 18, 2000

Western Nebraska National Bank in Valentine, Nebraska (NE)
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Western Nebraska National Bank - Overview

General
FDIC Certificate #: 34800
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Western Nebraska National Bank (#18890)
Federal Reserve ID: 2689678
Date Established: June 29, 1998
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 1 (Interstate: No)
FDIC's unique #: 61648
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: No
Date of Deposit Insurance: June 29, 1998
Last Structure Change Effective Date: January 18, 2000
Last Structure Change Process Date: Febuary 03, 2000
Last Data Update: Febuary 03, 2000
Data Source Date: April 05, 2012
Location
Address: 105 North Main Street, Valentine, NE 69201
County: Cherry
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
Financial Summary
Total assets: $23.8 mil

1992 - 1999 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, 1999)

Dollar figures in thousands
10Total employees (full-time equivalent)
$23,845Total assets
$1,343Cash and due from depository institutions
$1Interest-bearing balances
$6,469Securities
$2,400Federal funds sold & reverse repurchase agreements
$11,578Net loans & leases
$220Loan loss allowance
$0Trading account assets
$1,656Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$399All other assets
$23,845Total liabilities and capital
$22,183Total liabilities
$21,790Total deposits
$21,211Interest-bearing deposits
$21,790Deposits held in domestic offices
0.00%% insured (estimated)
$266Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$127All other liabilities
$1,662Total equity capital
$1,662Total bank equity capital
$1,662Perpetual preferred stock
$0Common stock
$384Surplus
$1,616Undivided profits
Memoranda
$-338Noncurrent loans and leases
$6,156Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$55Earning assets
$55Long-term assets (5+ years)
$203Average Assets, year-to-date
$20,448Average Assets, quarterly
$4,838Volatile liabilities
$19,760Insider loans
$22,472FHLB advances
$3,983Loans and leases held for sale
$275Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$6,156Total unused commitments
$0Restructured Loans and leases
$185Derivatives

Income and Expense (December 31, 1999)

Dollar figures in thousands
$1,279Total interest income
$815Total interest expense
$464Net interest income
$12Provision for loan and lease losses
$48Total noninterest income
$0Fiduciary activities
$40Service charges on deposit accounts
$0Trading account gains & fees
$8Additional noninterest income
$634Total noninterest expense
$343Salaries and employee benefits
$106Premises and equipment expense
$185Additional noninterest expense
-$134Pre-tax net operating income
$0Securities gains (losses)
-$47Applicable income taxes
-$87Income before extraordinary items
$0Extraordinary gains - net
-$87Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$2Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1999)

Dollar figures in thousands
Performance Ratios (%, annualized)
7.41%Yield on earning assets
4.72%Cost of funding earning assets
2.69%Net interest margin
0.28%Noninterest income to earning assets
3.67%Noninterest expense to earning assets
-0.44%Net operating income to assets
-0.44%Return on assets (ROA)
-0.68%Pretax return on assets
-4.96%Return on equity (ROE)
-4.96%Retained earnings to average equity (YTD only)
0.02%Net charge-offs to loans
600.00%Credit loss provision to net charge-offs
-61.00%Efficiency ratio
123,828Assets per employee
2.38%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.86%Loss allowance to noncurrent loans
400.00%Noncurrent assets plus other real estate owned to assets
0.23%Noncurrent loans to loans
0.47%Net loans and leases to deposits
53.13%Net loans and leases to core deposits
64.06%Equity capital to assets
6.97%Core capital (leverage) ratio
7.68%Tier 1 risk-based capital ratio
11.79%Total risk-based capital ratio
Memoranda
$13Average assets
$19,760Average earning assets
$1,753Average equity
$17,253Average loans

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