1st Financial Bank USA in Dakota Dunes, South Dakota (SD)
Overview, Financial Summary, Detailed Financial Reports, Branches


1st Financial Bank USA - Overview

  • General
  • FDIC Certificate #: 1673
    Status: Active
    Federal Reserve ID: 526452
    Date Established: January 01, 1910
    WWW: http://www.1fbusa.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 #: 1100
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Credit Card Institutions: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Credit-Card 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: April 05, 2012
  • Location
  • Address: 331 North Dakota Dunes Boulevard, Dakota Dunes, SD 57049
    County: Union
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Sioux Falls
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: West
    Combined Statistical Area (CSA): Sioux City-Vermillion, IA-NE-SD (#512)
    Core Based Statistical Area (CBSA): Sioux City, IA-NE-SD (#43580)
    CBSA Metro Statistical Area: Sioux City, IA-NE-SD (#43580)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $515.6 mil
    Equity capital: $108.7 mil
    Deposits held in domestic offices: $366.9 mil
    Return on assets (ROA): 1.25% ($6.5 mil)
    Quarterly return on assets: 0.80% ($4.1 mil)
    Return on Equity (ROE): 5.81% ($6.3 mil)
    Quarterly return on equity: 3.74% ($4.1 mil)
    Net income: $6.3 mil
    Quarterly Net income: $1.0 mil
    Pretax return on assets: 2.03% ($10,466.6 mil)
    Quarterly Pretax return on assets: 1.39% ($7,166.8 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 446Total employees (full-time equivalent)
  • $515,594Total assets
  • $113,120Cash and due from depository institutions
  • $98,607Interest-bearing balances
  • $219,592Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $88,680Net loans & leases
  • $5,192Loan loss allowance
  • $2Trading account assets
  • $25,620Bank premises and fixed assets
  • $89Other real estate owned
  • $0Goodwill and other intangibles
  • $515,594Life insurance assets
  • $68,491All other assets
  • $406,851Total liabilities and capital
  • $366,855Total liabilities
  • $360,148Total deposits
  • $366,855Interest-bearing deposits
  • $98Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $733Trading liabilities
  • $0Other borrowed funds
  • $39,263Subordinated debt
  • $108,743All other liabilities
  • $108,743Total equity capital
  • $108,743Total bank equity capital
  • $0Perpetual preferred stock
  • $88Common stock
  • $47,800Surplus
  • $60,855Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,098Income earned, not collected on loans
  • $20Earning assets
  • $433Long-term assets (5+ years)
  • $406,881Average Assets, year-to-date
  • $111,910Average Assets, quarterly
  • $500,209Volatile liabilities
  • $516,777Insider loans
  • $279,377FHLB advances
  • $523,492Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $101,850Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,949,523Restructured Loans and leases
  • $313Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $82,200Total interest income
  • $6,790Total interest expense
  • $75,410Net interest income
  • $3,902Provision for loan and lease losses
  • $35,944Total noninterest income
  • $0Fiduciary activities
  • $67Service charges on deposit accounts
  • $0Trading account gains & fees
  • $35,877Additional noninterest income
  • $97,309Total noninterest expense
  • $34,699Salaries and employee benefits
  • $10,339Premises and equipment expense
  • $52,271Additional noninterest expense
  • $10,143Pre-tax net operating income
  • $0Securities gains (losses)
  • $3,875Applicable income taxes
  • $6,268Income before extraordinary items
  • $0Extraordinary gains - net
  • $6,268Net income attributable to bank
  • $0Net charge-offs
  • $6,268Cash dividends
  • $4,500Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 21.71%Yield on earning assets
  • 1.79%Cost of funding earning assets
  • 19.91%Net interest margin
  • 9.49%Noninterest income to earning assets
  • 25.70%Noninterest expense to earning assets
  • 1.25%Net operating income to assets
  • 1.25%Return on assets (ROA)
  • 2.03%Pretax return on assets
  • 5.81%Return on equity (ROE)
  • 5.81%Retained earnings to average equity (YTD only)
  • 6.54%Net charge-offs to loans
  • 86.71%Credit loss provision to net charge-offs
  • 3.12%Efficiency ratio
  • 87,387Assets per employee
  • 1.16%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 5.53%Loss allowance to noncurrent loans
  • 247.47%Noncurrent assets plus other real estate owned to assets
  • 0.42%Noncurrent loans to loans
  • 2.23%Net loans and leases to deposits
  • 24.17%Net loans and leases to core deposits
  • 38.91%Equity capital to assets
  • 21.09%Core capital (leverage) ratio
  • 19.46%Tier 1 risk-based capital ratio
  • 36.46%Total risk-based capital ratio
  • Memoranda
  • $38Average assets
  • $500,209Average earning assets
  • $107,904Average equity
  • $378,694Average loans

Bank Assets Sold and Securitized (December 31, 2011)

  • Dollar figures in thousands
  • Principal balance with servicing or other recourse retained
  • $01-4 family residential loans
  • $0Home equity lines
  • $635,700Credit cards receivables
  • $0Auto loans
  • $0Other consumer loans
  • $0Commercial and industrial loans

List of branches

  • 2 South Dakota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    011001st Financial Bank Usa331 North Dakota Dunes Boulevard, Dakota Dunes, SD 57049January 01, 1910Full Service Brick and Mortar
    1189981Dupree BranchMain Street, Dupree, SD 57623December 15, 1994Full Service Brick and Mortar

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