FDIC Certificate #: 57079 Status: Active Federal Reserve ID: 2931603 Date Established: March 23, 2001 WWW:http://www.cabelas.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 356940 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Credit Card Institutions: Yes 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: No Asset Concentration Hierarchy: Credit-Card Specialization Date of Deposit Insurance: March 23, 2001 Last Structure Change Effective Date: December 19, 2008 Last Structure Change Process Date: December 19, 2008 Last Data Update: December 19, 2008 Data Source Date: April 05, 2012
Location
Address: One Cabela Drive, Sidney, NE 69160 County: Cheyenne Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Omaha Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: West
History of Changes
Change in Geographic Region/Area/Territory/Field Office
Financial Summary
Total assets: $3,354.9 mil Equity capital: $346.9 mil Deposits held in domestic offices: $988.7 mil Return on assets (ROA): 1.09% ($36.6 mil) Quarterly return on assets: 1.11% ($37.2 mil) Return on Equity (ROE): 10.49% ($36.4 mil) Quarterly return on equity: 10.93% ($37.9 mil) Net income: $34.5 mil Quarterly Net income: $9.4 mil Pretax return on assets: 1.74% ($58,375.7 mil) Quarterly Pretax return on assets: 1.73% ($58,040.2 mil)
2000 - 2011 Historical total assets, liabilities and capital ($ 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
338Total employees (full-time equivalent)
$3,354,927Total assets
$117,207Cash and due from depository institutions
$18,345Interest-bearing balances
$3,281Securities
$19,787Federal funds sold & reverse repurchase agreements
$3,112,350Net loans & leases
$73,350Loan loss allowance
$0Trading account assets
$11,023Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$3,354,927Life insurance assets
$91,279All other assets
$3,008,013Total liabilities and capital
$988,745Total liabilities
$982,313Total deposits
$988,745Interest-bearing deposits
$100Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$1,862,500Trading liabilities
$0Other borrowed funds
$156,768Subordinated debt
$346,914All other liabilities
$346,914Total equity capital
$346,914Total bank equity capital
$0Perpetual preferred stock
$21Common stock
$220,529Surplus
$126,364Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$14,937Income earned, not collected on loans
$0Earning assets
$10,827Long-term assets (5+ years)
$3,153,763Average Assets, year-to-date
$2,916Average Assets, quarterly
$3,156,346Volatile liabilities
$3,380,302Insider loans
$3,284,622FHLB advances
$3,204,653Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$346,914Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$20,235,236Restructured Loans and leases
$90Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$277,241Total interest income
$70,303Total interest expense
$206,938Net interest income
$39,286Provision for loan and lease losses
$280,603Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$280,603Additional noninterest income
$393,354Total noninterest expense
$20,019Salaries and employee benefits
$1,603Premises and equipment expense
$371,732Additional noninterest expense
$54,901Pre-tax net operating income
$0Securities gains (losses)
$20,387Applicable income taxes
$34,514Income before extraordinary items
$0Extraordinary gains - net
$34,514Net income attributable to bank
$0Net charge-offs
$34,514Cash dividends
$56,836Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
9.19%Yield on earning assets
2.33%Cost of funding earning assets
6.86%Net interest margin
9.30%Noninterest income to earning assets
13.04%Noninterest expense to earning assets
1.09%Net operating income to assets
1.09%Return on assets (ROA)
1.74%Pretax return on assets
10.49%Return on equity (ROE)
10.49%Retained earnings to average equity (YTD only)
2.00%Net charge-offs to loans
69.12%Credit loss provision to net charge-offs
1.66%Efficiency ratio
80,681Assets per employee
9.93%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.30%Loss allowance to noncurrent loans
491.06%Noncurrent assets plus other real estate owned to assets
0.45%Noncurrent loans to loans
0.47%Net loans and leases to deposits
314.78%Net loans and leases to core deposits
12531.61%Equity capital to assets
10.34%Core capital (leverage) ratio
10.83%Tier 1 risk-based capital ratio
10.56%Total risk-based capital ratio
Memoranda
$12Average assets
$3,156,346Average earning assets
$329,104Average equity
$3,017,208Average loans
Bank Assets Sold and Securitized (December 31, 2009)
Dollar figures in thousands
Principal balance with servicing or other recourse retained
$01-4 family residential loans
$0Home equity lines
$2,418,752Credit cards receivables
$0Auto loans
$0Other consumer loans
$0Commercial and industrial loans
List of branches
1 Nebraska Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
356940
World's Foremost Bank
One Cabela Drive, Sidney, NE 69160
March 23, 2001
Full Service Brick and Mortar
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