Olathe State Bank in Olathe, Colorado (CO)
Table of contents:
| Olathe State Bank | |
|---|---|
| General | FDIC Certificate #: 22324 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution: First National Bank, Independence, Kansas (#4660) Federal Reserve ID: 463351 Date Established: August 30, 1976 WWW: http://www.olathestatebank.com Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 3 (Interstate: No) OTS Docket #: 15403 FDIC's unique #: 15533 Numeric code: 13 Regulator: FED Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: August 30, 1976 Last Structure Change Effective Date: June 23, 2006 Last Structure Change Process Date: August 09, 2006 Last Data Update: August 09, 2006 Data Source Date: April 05, 2012 |
| Location | Address: 500 U.S. Highway 50, Business Loop, Olathe, CO 81425 County: Montrose Quarterly Banking Profile Region: Dallas FDIC Geographic Region: Dallas FDIC Supervisory Region: Kansas City FDIC Field Office: Denver Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: Western Core Based Statistical Area (CBSA): Montrose, CO (#33940) CBSA Micro Statistical Area: Yes |
| Financial Summary | Total assets: $64.8 mil |
| Assets and Liabilities (December 31, 2005) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 20 |
| Total assets | $61,028 |
| Cash and due from depository institutions | $2,156 |
| Interest-bearing balances | $16 |
| Securities | $8,650 |
| Federal funds sold & reverse repurchase agreements | $9,320 |
| Net loans & leases | $38,295 |
| Loan loss allowance | $418 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $1,415 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $0 |
| All other assets | $1,192 |
| Life insurance assets | $0 |
| Total liabilities and capital | $61,028 |
| Total liabilities | $56,961 |
| Total deposits | $54,201 |
| Interest-bearing deposits | $43,145 |
| Deposits held in domestic offices | $54,201 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $2,007 |
| Subordinated debt | $0 |
| All other liabilities | $753 |
| Total equity capital | $4,067 |
| Total bank equity capital | $4,067 |
| Perpetual preferred stock | $4,067 |
| Common stock | $0 |
| Surplus | $258 |
| Undivided profits | $1,259 |
| Memoranda | |
| Noncurrent loans and leases | $2,550 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $5,149 |
| Income earned, not collected on loans | $0 |
| Earning assets | $1,198 |
| Long-term assets (5+ years) | $0 |
| Average Assets, year-to-date | $540 |
| Average Assets, quarterly | $56,281 |
| Volatile liabilities | $1,432 |
| Insider loans | $51,087 |
| FHLB advances | $59,521 |
| Loans and leases held for sale | $11,516 |
| Unused loan commitments | $170 |
| Tier 1 (core) risk-based capital | $2,007 |
| Tier 2 risk-based capital | $0 |
| Total risk weighted assets | $0 |
| Total unused commitments | $5,149 |
| Restructured Loans and leases | $0 |
| Derivatives | $419 |
| Income and Expense (December 31, 2005) (Dollar figures in thousands) | |
| Total interest income | $3,474 |
| Total interest expense | $814 |
| Net interest income | $2,660 |
| Provision for loan and lease losses | $110 |
| Total noninterest income | $338 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $269 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $69 |
| Total noninterest expense | $1,786 |
| Salaries and employee benefits | $901 |
| Premises and equipment expense | $290 |
| Additional noninterest expense | $595 |
| Pre-tax net operating income | $1,102 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $395 |
| Income before extraordinary items | $707 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $707 |
| Net charge-offs | $0 |
| Cash dividends | $0 |
| Sale, conversion, retirement of capital stock, net | $5 |
| Net operating income | $57 |
| Performance and Condition Ratios (December 31, 2005) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 7.42% |
| Cost of funding earning assets | 1.74% |
| Net interest margin | 5.68% |
| Noninterest income to earning assets | 0.72% |
| Noninterest expense to earning assets | 3.81% |
| Net operating income to assets | 1.38% |
| Return on assets (ROA) | 1.38% |
| Pretax return on assets | 2.16% |
| Return on equity (ROE) | 20.43% |
| Retained earnings to average equity (YTD only) | 18.79% |
| Net charge-offs to loans | 0.01% |
| Credit loss provision to net charge-offs | 2200.00% |
| Efficiency ratio | 242.40% |
| Assets per employee | $59,573 |
| Cash dividends to net income (YTD only) | 3.05% |
| Condition Ratios (%) | |
| Loss allowance to loans | 8.06% |
| Loss allowance to noncurrent loans | 1.08% |
| Noncurrent assets plus other real estate owned to assets | 34.89% |
| Noncurrent loans to loans | 1.96% |
| Net loans and leases to deposits | 3.09% |
| Net loans and leases to core deposits | 70.65% |
| Equity capital to assets | 89.72% |
| Core capital (leverage) ratio | 6.66% |
| Tier 1 risk-based capital ratio | 6.85% |
| Total risk-based capital ratio | 10.02% |
| Memoranda | |
| Average assets | $11 |
| Average earning assets | $51,087 |
| Average equity | $3,460 |
| Average loans | $46,833 |
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