Heritage Bank of Olathe in Olathe, Kansas (KS)
Table of contents:
| Heritage Bank of Olathe | |
|---|---|
| General | FDIC Certificate #: 23211 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution: Commerce Bank (#24998) Federal Reserve ID: 334152 Date Established: October 01, 1980 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 3 (Interstate: No) OTS Docket #: 13736 FDIC's unique #: 16264 Numeric code: 13 Regulator: FED Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: Yes Date of Deposit Insurance: October 01, 1980 Last Structure Change Effective Date: November 02, 1998 Last Structure Change Process Date: January 27, 1999 Last Data Update: January 27, 1999 Data Source Date: April 05, 2012 |
| Location | Address: Santa Fe At Mur-Len, Olathe, KS 66062 County: Johnson 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 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) |
| Financial Summary | Total assets: $49.0 mil |
| Assets and Liabilities (December 31, 1997) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 26 |
| Total assets | $47,921 |
| Cash and due from depository institutions | $2,562 |
| Interest-bearing balances | $0 |
| Securities | $6,792 |
| Federal funds sold & reverse repurchase agreements | $1,260 |
| Net loans & leases | $35,650 |
| Loan loss allowance | $409 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $1,091 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $0 |
| All other assets | $566 |
| Life insurance assets | $0 |
| Total liabilities and capital | $47,921 |
| Total liabilities | $44,188 |
| Total deposits | $39,905 |
| Interest-bearing deposits | $32,255 |
| Deposits held in domestic offices | $39,905 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $4,123 |
| Subordinated debt | $0 |
| All other liabilities | $160 |
| Total equity capital | $3,733 |
| Total bank equity capital | $3,733 |
| Perpetual preferred stock | $3,733 |
| Common stock | $0 |
| Surplus | $1,350 |
| Undivided profits | $2,048 |
| Memoranda | |
| Noncurrent loans and leases | $335 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $0 |
| Income earned, not collected on loans | $0 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $0 |
| Average Assets, year-to-date | $252 |
| Average Assets, quarterly | $43,702 |
| Volatile liabilities | $679 |
| Insider loans | $43,068 |
| FHLB advances | $46,705 |
| Loans and leases held for sale | $6,250 |
| Unused loan commitments | $2,154 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $0 |
| Total risk weighted assets | $0 |
| Total unused commitments | $7,752 |
| Restructured Loans and leases | $0 |
| Derivatives | $39,673 |
| Income and Expense (December 31, 1997) (Dollar figures in thousands) | |
| Total interest income | $3,633 |
| Total interest expense | $1,652 |
| Net interest income | $1,981 |
| Provision for loan and lease losses | $233 |
| Total noninterest income | $584 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $341 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $243 |
| Total noninterest expense | $1,906 |
| Salaries and employee benefits | $947 |
| Premises and equipment expense | $353 |
| Additional noninterest expense | $606 |
| Pre-tax net operating income | $426 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $128 |
| Income before extraordinary items | $298 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $298 |
| Net charge-offs | $0 |
| Cash dividends | $0 |
| Sale, conversion, retirement of capital stock, net | $243 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 1997) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 9.16% |
| Cost of funding earning assets | 4.17% |
| Net interest margin | 5.00% |
| Noninterest income to earning assets | 1.47% |
| Noninterest expense to earning assets | 4.81% |
| Net operating income to assets | 0.69% |
| Return on assets (ROA) | 0.69% |
| Pretax return on assets | 0.99% |
| Return on equity (ROE) | 9.24% |
| Retained earnings to average equity (YTD only) | 9.24% |
| Net charge-offs to loans | 0.73% |
| Credit loss provision to net charge-offs | 95.88% |
| Efficiency ratio | 2.71% |
| Assets per employee | $74,308 |
| Cash dividends to net income (YTD only) | 1.84% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 1.13% |
| Noncurrent assets plus other real estate owned to assets | 0.00% |
| Noncurrent loans to loans | 0.00% |
| Net loans and leases to deposits | 0.00% |
| Net loans and leases to core deposits | 89.34% |
| Equity capital to assets | 101.41% |
| Core capital (leverage) ratio | 7.79% |
| Tier 1 risk-based capital ratio | 8.05% |
| Total risk-based capital ratio | 9.39% |
| Memoranda | |
| Average assets | $10 |
| Average earning assets | $43,068 |
| Average equity | $3,226 |
| Average loans | $39,647 |
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