Washington County Bank in Blair, Nebraska (NE)
| Washington County Bank | |
|---|---|
| General | FDIC Certificate #: 12241 Status: Active Federal Reserve ID: 1000052 Bank Holding Company (Regulatory Top Holder): Lauritzen Corporation (RSSDID: 1066209, Location: Omaha, NE) Date Established: July 01, 1915 WWW: http://www.washingtoncountybank.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Domestic: 2, Interstate: No) FDIC's unique #: 7781 Numeric code: 21 Regulator: FDIC 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: March 31, 2006 Last Structure Change Process Date: November 03, 2006 Last Data Update: November 03, 2006 Data Source Date: Febuary 17, 2011 |
| Location | Address: 1523 Washington Street, Blair, NE 68008 County: Washington 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 Metropolitan Statistical Area (MSA): Omaha, NE-IA (#5920) Combined Statistical Area (CSA): Omaha-Council Bluffs-Fremont, NE-IA (#420) Core Based Statistical Area (CBSA): Omaha-Council Bluffs, NE-IA (#36540) CBSA Metro Statistical Area: Omaha-Council Bluffs, NE-IA (#36540) |
| History of Changes | Merge BIF and SAIF Funds into DIF |
| Financial Summary | Total assets: $28.2 mil Equity capital: $0.2 mil Deposits held in domestic offices: $22.8 mil Return on assets (ROA): 0.96% ($0.3 mil) Quarterly return on assets: 1.04.2011% ($0.3 mil) Return on Equity (ROE): 1.11.1977% ($0.0 mil) Quarterly return on equity: 1.12.1984% ($0.0 mil) Net income: $0.2 mil Quarterly Net income: $0.7 mil Pretax return on assets: 1.01.1940% ($284.8 mil) Quarterly Pretax return on assets: 1.01.1952% ($284.8 mil) |
| Assets and Liabilities (December 31, 2010) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 59 |
| Total assets | $281,827 |
| Cash and due from depository institutions | $13,264 |
| Interest-bearing balances | $5,981 |
| Securities | $60,211 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $200,140 |
| Loan loss allowance | $2,482 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $2,348 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $84 |
| All other assets | $5,780 |
| Life insurance assets | $0 |
| Total liabilities and capital | $281,827 |
| Total liabilities | $258,080 |
| Total deposits | $219,668 |
| Interest-bearing deposits | $195,400 |
| Deposits held in domestic offices | $219,668 |
| % insured (estimated) | 88.91% |
| Federal funds purchased & repurchase agreements | $26,154 |
| Trading liabilities | $0 |
| Other borrowed funds | $10,425 |
| Subordinated debt | $0 |
| All other liabilities | $1,833 |
| Total equity capital | $23,747 |
| Total bank equity capital | $23,747 |
| Perpetual preferred stock | $23,747 |
| Common stock | $0 |
| Surplus | $1,938 |
| Undivided profits | $3,462 |
| Memoranda | |
| Noncurrent loans and leases | $18,347 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $69,169 |
| Income earned, not collected on loans | $0 |
| Earning assets | $1,539 |
| Long-term assets (5+ years) | $608 |
| Average Assets, year-to-date | $3,122 |
| Average Assets, quarterly | $266,332 |
| Volatile liabilities | $30,662 |
| Insider loans | $279,594 |
| FHLB advances | $281,925 |
| Loans and leases held for sale | $63,577 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $9,715 |
| Tier 2 risk-based capital | $17,287 |
| Total risk weighted assets | $3,013 |
| Total unused commitments | $69,169 |
| Restructured Loans and leases | $0 |
| Derivatives | $2,482 |
| Income and Expense (December 31, 2010) (Dollar figures in thousands) | |
| Total interest income | $12,320 |
| Total interest expense | $3,336 |
| Net interest income | $8,984 |
| Provision for loan and lease losses | $354 |
| Total noninterest income | $2,134 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $903 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $1,231 |
| Total noninterest expense | $6,696 |
| Salaries and employee benefits | $3,619 |
| Premises and equipment expense | $614 |
| Additional noninterest expense | $2,463 |
| Pre-tax net operating income | $4,068 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $1,287 |
| Income before extraordinary items | $2,781 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $2,781 |
| Net charge-offs | $0 |
| Cash dividends | $2,781 |
| Sale, conversion, retirement of capital stock, net | $659 |
| Net operating income | $2,423 |
| Performance and Condition Ratios (December 31, 2010) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.67% |
| Cost of funding earning assets | 1.26% |
| Net interest margin | 3.41% |
| Noninterest income to earning assets | 0.81% |
| Noninterest expense to earning assets | 2.54% |
| Net operating income to assets | 0.99% |
| Return on assets (ROA) | 0.99% |
| Pretax return on assets | 1.45% |
| Return on equity (ROE) | 12.12% |
| Retained earnings to average equity (YTD only) | 1.56% |
| Net charge-offs to loans | 0.33% |
| Credit loss provision to net charge-offs | 53.72% |
| Efficiency ratio | 6.71% |
| Assets per employee | $60,227 |
| Cash dividends to net income (YTD only) | 4.78% |
| Condition Ratios (%) | |
| Loss allowance to loans | 87.13% |
| Loss allowance to noncurrent loans | 1.22% |
| Noncurrent assets plus other real estate owned to assets | 161.27% |
| Noncurrent loans to loans | 0.55% |
| Net loans and leases to deposits | 0.76% |
| Net loans and leases to core deposits | 91.11% |
| Equity capital to assets | 106.48% |
| Core capital (leverage) ratio | 8.43% |
| Tier 1 risk-based capital ratio | 8.36% |
| Total risk-based capital ratio | 10.87% |
| Memoranda | |
| Average assets | $12 |
| Average earning assets | $279,594 |
| Average equity | $22,939 |
| Average loans | $263,788 |
| 2 Nebraska Branches as of Febuary 17, 2011 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 7781 | Washington County Bank | 1523 Washington Street, Blair, NE 68008 | July 01, 1915 | Full Service Brick and Mortar |  |
| 2 | 9122 | Washington County Bank - Washington | 303 South 13th Street, Tekamah, NE 68061 | January 01, 1892 | Full Service Brick and Mortar |  |
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