First State Bank
Shelton, NE — Domestic Branch of a Domestic Bank
Acquired Oct 2011
Vitals
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Total Assets29.9M -5.4 %
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Total Deposits26.7M -0.2 %
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Total Net Loans15.8M -18.4 %
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Net Income79000.0000 0.0 %
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Book Value3.1M -1.7 %
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Book Value x26.2M -1.7 %
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Book Value x39.3M -1.7 %
Balance Sheet Highlights
Financial Highlights | First State Bank | All Insured Commercial Banks in Nebraska |
Balance Sheet $(000) | ||
Total Assets | 29,868 | 113,648 |
Total Net Loans | 15,830 | 73,802 |
Total Deposits | 26,715 | 92,413 |
Total Equity | 3,115 | 12,050 |
Profitability | ||
Net Income | 79 | 883 |
Return on Average Assets | .333 | 1.035 |
Return on Average Equity | 3.393 | 9.577 |
Net Interest Margin | 3.235 | 3.912 |
Efficiency Ratio | 95.493 | 64.78 |
Noninterest Income/Revenue | 13.291 | 11.453 |
Balance Sheet Ratios | ||
Loan-to-Deposit | 59.255 | 77.798 |
Securities/Assets | .154 | .191 |
Total Equity/Total Assets | .104 | .106 |
Tangible Equity/Tangible Assets | .104 | .102 |
Capital Adequacy | ||
Tier 1 Common Capital | — | — |
Tier 1 Capital | 3,103 | 11,213 |
Tier 2 Capital | 241 | 945 |
Total Capital | 3,344 | 12,158 |
Total Risk Weighted Assets | 18,793 | 82,844 |
Leverage Ratio | 10.17 | 10.508 |
Common Equity Tier 1 Capital Ratio | — | — |
Tier 1 Capital Ratio | 16.51 | 15.062 |
Total Capital Ratio | 17.79 | 16.22 |
Timeline for First State Bank
Cornerstone Bank
First State Bank was acquired by Cornerstone Bank 12 years
View Profile Oct 06 2011Shelton Enterprises, Inc.
Shelton Enterprises, Inc. became a new parent organization for First State Bank.
View Profile Dec 31 1970First State Bank
First State Bank was established 96 years ago and is currently headquartered in Shelton, NE.
Jan 01 1928Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
Cornerstone Bank | Buyer | 1,471,696 | Acquisition | Discontinued | 10/6/2011 |
Relationships | Role | Relationship Start | Relationship End |
Shelton Enterprises, Inc. | Parent | 12/31/1970 | 10/5/2011 |
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