American Bank & Trust in Wessington Springs, South Dakota (SD)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • American Bank & Trust in Wessington Springs, South Dakota (SD)
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American Bank & Trust - Overview

  • General
  • FDIC Certificate #: 1117
    Status: Active
    Federal Reserve ID: 275358
    Bank Holding Company (Regulatory Top Holder): Leackco Bank Holding Company, Inc. (RSSDID: 1131406, Location: Wolsey, SD)
    Date Established: January 01, 1892
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 8 (Domestic: 8, Interstate: No)
    FDIC's unique #: 760
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Agricultural lending institution: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: October 03, 2011
    Last Structure Change Process Date: October 25, 2011
    Last Data Update: October 25, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 120 East Main Street, Wessington Springs, SD 57382
    County: Jerauld
    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
  • History of Changes
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $378.1 mil
    Equity capital: $43.8 mil
    Deposits held in domestic offices: $304.8 mil
    Return on assets (ROA): 1.69% ($6.4 mil)
    Quarterly return on assets: 1.57% ($5.9 mil)
    Return on Equity (ROE): 14.86% ($6.5 mil)
    Quarterly return on equity: 13.42% ($5.9 mil)
    Net income: $6.1 mil
    Quarterly Net income: $1.4 mil
    Pretax return on assets: 1.76% ($6,655.2 mil)
    Quarterly Pretax return on assets: 1.61% ($6,088.0 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
  • 90Total employees (full-time equivalent)
  • $378,139Total assets
  • $12,403Cash and due from depository institutions
  • $0Interest-bearing balances
  • $100,222Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $243,387Net loans & leases
  • $3,982Loan loss allowance
  • $0Trading account assets
  • $5,789Bank premises and fixed assets
  • $565Other real estate owned
  • $2,935Goodwill and other intangibles
  • $378,139Life insurance assets
  • $12,838All other assets
  • $334,361Total liabilities and capital
  • $304,835Total liabilities
  • $245,572Total deposits
  • $304,835Interest-bearing deposits
  • $83Deposits held in domestic offices
  • 8159.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $18,500Trading liabilities
  • $0Other borrowed funds
  • $2,867Subordinated debt
  • $43,778All other liabilities
  • $43,778Total equity capital
  • $43,778Total bank equity capital
  • $0Perpetual preferred stock
  • $250Common stock
  • $13,800Surplus
  • $29,728Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,066Income earned, not collected on loans
  • $0Earning assets
  • $4,769Long-term assets (5+ years)
  • $343,609Average Assets, year-to-date
  • $100,503Average Assets, quarterly
  • $358,790Volatile liabilities
  • $365,467Insider loans
  • $288,824FHLB advances
  • $353,776Loans and leases held for sale
  • $4,718Unused loan commitments
  • $759Tier 1 (core) risk-based capital
  • $38,260Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $3,959Total unused commitments
  • $66,202Restructured Loans and leases
  • $6,173Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $16,368Total interest income
  • $3,518Total interest expense
  • $12,850Net interest income
  • $400Provision for loan and lease losses
  • $3,351Total noninterest income
  • $137Fiduciary activities
  • $690Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,524Additional noninterest income
  • $9,559Total noninterest expense
  • $5,871Salaries and employee benefits
  • $1,057Premises and equipment expense
  • $2,631Additional noninterest expense
  • $6,242Pre-tax net operating income
  • $87Securities gains (losses)
  • $274Applicable income taxes
  • $6,055Income before extraordinary items
  • $0Extraordinary gains - net
  • $6,055Net income attributable to bank
  • $0Net charge-offs
  • $6,055Cash dividends
  • $232Sale, conversion, retirement of capital stock, net
  • $2,390Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.06%Yield on earning assets
  • 1.09%Cost of funding earning assets
  • 3.97%Net interest margin
  • 1.04%Noninterest income to earning assets
  • 2.95%Noninterest expense to earning assets
  • 1.66%Net operating income to assets
  • 1.69%Return on assets (ROA)
  • 1.76%Pretax return on assets
  • 14.86%Return on equity (ROE)
  • 8.99%Retained earnings to average equity (YTD only)
  • 0.10%Net charge-offs to loans
  • 172.41%Credit loss provision to net charge-offs
  • 28.63%Efficiency ratio
  • 59,003Assets per employee
  • 4.20%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 39.47%Loss allowance to loans
  • 1.61%Loss allowance to noncurrent loans
  • 129.88%Noncurrent assets plus other real estate owned to assets
  • 0.96%Noncurrent loans to loans
  • 1.24%Net loans and leases to deposits
  • 79.84%Net loans and leases to core deposits
  • 86.58%Equity capital to assets
  • 11.58%Core capital (leverage) ratio
  • 10.81%Tier 1 risk-based capital ratio
  • 13.25%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $358,790Average earning assets
  • $40,754Average equity
  • $323,487Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $36,913Managed Assets
  • 1Number of Accounts
  • $28,754Personal trust and agency accounts
  • $25,155Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $3,599Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 55Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $8,159Other retirement accounts
  • $2,658Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $2,095Fiduciary accounts held in foreign offices

List of branches

  • 8 South Dakota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0760American Bank & Trust120 East Main Street, Wessington Springs, SD 57382January 01, 1892Full Service Brick and Mortar
    1187922Alpena Branch100 Main Street, Alpena, SD 57312May 02, 1964Full Service Brick and Mortar
    2187923Wolsey BranchMain Street, Wolsey, SD 57384January 22, 1962Full Service Brick and Mortar
    48027Mellette Branch4 Main Street, Mellette, SD 57461January 01, 1905Full Service Brick and Mortar
    5770Miller Branch131 North Broadway, Miller, SD 57362September 10, 1901Full Service Brick and Mortar
    6364128Huron Branch1820 Dakota Avneue South, Huron, SD 57350April 01, 2002Full Service Brick and Mortar
    7455247Huron Wal-MartHighway 37 South, Huron, SD 57350July 19, 2006Full Service Retail
    85749De Smet Branch212 Calumet Avenue, S.E., De Smet, SD 57231June 14, 1919Full Service Brick and Mortar

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