Goppert State Service Bank Reports – 850456

Goppert State Service Bank Financial Reports

Quater Ended: 2024-03-31

Goppert State Service Bank is a Commercial bank, state charter, Fed non-member, and supervised by the Federal Deposit Insurance Corporation (FDIC) located in Garnett, KS. Established on 07/11/1899, the bank is regulated by the FDIC and has 9 domestic offices. It operates in the N/A.

The bank has 56 employees and holds $281,822k in total assets. With a focus on community banking, the bank has been serving its customers since 07/11/1899.

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Goppert State Service Bank Institution Profile

Established Date 07/11/1899 Institution Class Commercial bank, state charter, Fed non-member, and supervised by the Federal Deposit Insurance Corporation (FDIC)
Primary Regulator FDIC Number of Domestic Offices 9
Number of Foreign Offices 0 Number of US Offices 0
Number of Employees 56 Directly owned by another bank (CERT) No
Community Bank Yes ZIP 66032
Ownership Type Not Mutual City Garnett
State Alpha code KS State and County Number 20003
Subchapter S Corporations No Trust Powers Trust Powers Not Known
Federal Reserve ID Number 10 Federal Reserve ID Number Description KANSAS CITY
Office of The Comptroller District: WESTERN DISTRICT Office of Thrift Supervision Region Western
Last Structure Change Effective Date 08/31/2022 Date of Deposit Insurance 04/12/1954
Primary Insurance Agency DIF

Institution Profile Overview

Delve into the foundational details of Goppert State Service Bank with our “Institution Profile” table. The 07/11/1899 marks the bank’s inception, providing historical context. Categorized as a Commercial bank, state charter, Fed non-member, and supervised by the Federal Deposit Insurance Corporation (FDIC), the bank operates under the oversight of FDIC, ensuring compliance and regulatory adherence.

9 domestic offices reflect the bank’s physical footprint, while insights into ownership type, trust powers, and regulatory affiliations contribute to understanding its operational structure. Details such as Garnett, KS, and 66032 provide geographic context. Explore these attributes to gain a holistic view of Goppert State Service Bank in the financial landscape.

Goppert State Service Bank Financials

(USD, in thousands)

Total Assets 281,822 Total Liabilities 256,212
Total Equity Capital 25,610 Total Deposits 251,615
Net Loans and Leases 229,589 Total Interest Income 4,109
Total Noninterest Income 188 Total Interest Expense 1,012
Total Noninterest Expense 1,921 Tier 1 Risk-Based Capital Ratio 0
Net Loans and Leases to Core Deposits 101 Return on Assets 1
Return on Equity 16 Efficiency Ratio 58

Financial Performance Overview

Gain a comprehensive perspective on Goppert State Service Bank’s financial landscape through our “Financials” table. The bank boasts total assets of $281,822k, showcasing its substantial scale and influential market presence. A nuanced breakdown reveals insights into the bank’s financial structure and stability, with total liabilities standing at $256,212k and total equity capital at $25,610k.

Delve into key operational metrics, including total deposits of $251,615k, net loans and leases at $230k, and a meticulous analysis of income and expense components. Explore vital ratios such as the Tier 1 Risk-Based Capital Ratio, standing at 0, and Return on Assets at 1.41. These metrics provide valuable insights into the bank’s risk management strategies and overall profitability.

This detailed financial overview is designed to enhance your understanding of Goppert State Service Bank’s performance and competitive positioning within the financial industry.

Goppert State Service Bank Additional Financial Information

(USD, in thousands)

Earnings Coverage of Net Loan Charge-Offs(x) 9 Net Loans and Leases to Core Deposits 101
Tier 1 Risk-Based Capital Ratio 0 Securities Gains (Losses) 0
Goodwill and Other Intangibles N/A Cost of Funding Earning Assets 2
Yield on Earning Assets 6 Total Interest Income 4,109
Applicable Income Taxes 310 Loss Allowance to Loans and Leases 2
Net Loans and Leases 229,589 Loss Allowance to Noncurrent Loans and Leases 51
Noncurrent Loans to Loans 3 Net Income Attributable to Bank and Noncontrolling Interests 979
Net Interest Income 3,097 Net Interest Margin 5
Net Operating Income to Assets 1 Noninterest Income to Average Assets 0
Total Noninterest Income 188 Noninterest Expense to Average Assets 3
Total Noninterest Expense 1,921 Net Charge-Offs to Loans and Leases 0
All Other Assets 5,663 Other Real Estate Owned 45
Other borrowed funds 3,000 Pre-tax Net Operating Income 1,289
Pretax Return on Assets 2 Return on Assets 1
Retained Earnings to Average Equity (YTD only) 12

Insights into Financial Metrics

Enhance your understanding of Goppert State Service Bank’s financial standing through our “Additional Financial Information” table. Explore key metrics such as Net Loans and Leases: $229,589k and Net Interest Income $3,097k to gain valuable insights into the bank’s core operations and revenue streams. Assess the Tier 1 Risk-Based Capital Ratio: 0 for in-depth insights into capital adequacy and risk management strategies.

Delve into the intricacies of Net Charge-Offs to Loans and Leases: 0.26 to evaluate the bank’s asset quality and risk mitigation efforts. Examine the composition of income through Total Noninterest Income:$188k and evaluate operational efficiency using metrics like Efficiency Ratio: 58.48. This nuanced financial overview empowers a comprehensive analysis of Goppert State Service Bank’s strategic financial position and performance in the industry.

This table provides key financial information about Goppert State Service Bank. Get more data about Goppert State Service Bank on Visbanking Report Portal.