- 8 -
continue to operate between Merriman and Crawford cast a cloud
over the economic future of northwestern Nebraska.
c. Scottsbluff Area
There was little reason to be optimistic about the
Scottsbluff area economy during the last half of 1986 and the
first half of 1987. In the early 1980's, the Gering,
Scottsbluff, and Terrytown area had five commercial banks and two
savings and loans. Two of the banks failed in 1986. Both of the
savings and loans failed later. The Scottsbluff area suffered
the highest failure rate of financial institutions for any market
area in Nebraska during the 1980's. The financial outlook for
Scottsbluff National Bank and Western National Bank was fair to
poor in 1986.
9. Financial Condition of Scottsbluff National Bank in 1986-
1987
From 1981 to 1986, Scottsbluff National Bank had income,
expenses, assets, liabilities, and stockholders' equity as
follows:
Consolidated Income Statements for
Scottsbluff National Corp.
Years Ended December 31
1981 1982 1983 1984 1985 1986
Interest
income $10,906,440 $12,318,774 $11,962,853 $12,777,147 $12,410,738 $14,307,419
Interest
expense 6,786,820 8,042,931 7,804,350 8,195,381 7,361,058 8,233,708
Net interest
income 4,119,620 4,275,843 4,158,503 4,581,766 5,049,680 6,073,711
Loan loss 156,071 664,383 426,334 590,135 1,540,000 1,320,000
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