Neb. banks gain assets, jobs

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Posted: Tuesday, March 4, 2014 12:00 am

The already robust condition of Nebraska banks as a group improved nearly across the board in the fourth quarter, according the latest survey released by the Federal Deposit Insurance Corp.

Full-year 2013 net income at the 208 banks headquartered in the state averaged $721,000, the FDIC said, up from the $670,000 earned at 213 banks a year earlier; mergers and acquisitions account for the decreased bank total. Assets rose about $2 million per bank to about $65 million. Employment was robust, with full-time jobs rising about 300 positions to 14,475.

Comparisons of condition ratios with national peers was favorable. The Nebraska banks averaged .73 percent of loans not being paid as agreed, an improvement from 1.02 percent a year earlier, and much better than the national rate of 1.63 percent.

Only 2.8 percent of Nebraska banks were unprofitable, an improvement over the 3.3 percent a year earlier, and again a far better performance than in the rest of the nation, where 7.8 percent lost money.

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