American State Bank in Oldham, South Dakota (SD)



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Table of contents:
American State Bank
GeneralFDIC Certificate #: 15432
Status: Active
Federal Reserve ID: 477059
Bank Holding Company (Regulatory Top Holder): Consolidated Holding Company (RSSDID: 1127052, Location: Oldham, SD)
Date Established: November 02, 1936
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Domestic: 2, Interstate: No)
OTS Docket #: 15921
FDIC's unique #: 9746
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: No
Asset Concentration Hierarchy: Agricultural Specialization
Date of Deposit Insurance: November 02, 1936
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
LocationAddress: 101 Main St, Oldham, SD 57051
County: Kingsbury
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 ChangesChange in Location
Merge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $28.5 mil
Equity capital: $3.0 mil
Deposits held in domestic offices: $23.7 mil
Return on assets (ROA): 0.68% ($0.2 mil)
Quarterly return on assets: 0.42% ($0.1 mil)
Return on Equity (ROE): 6.72% ($0.2 mil)
Quarterly return on equity: 3.86% ($0.1 mil)
Net income: $0.2 mil
Quarterly Net income: $0.0 mil
Pretax return on assets: 0.95% ($271.2 mil)
Quarterly Pretax return on assets: 1.48% ($422.5 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)
Total employees (full-time equivalent)7
Total assets$28,544
Cash and due from depository institutions$1,019
Interest-bearing balances$99
Securities$18,479
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$7,831
Loan loss allowance $148
Trading account assets$0
Bank premises and fixed assets$49
Other real estate owned$0
Goodwill and other intangibles$1
All other assets$1,165
Life insurance assets$28,544
Total liabilities and capital$25,505
Total liabilities$23,697
Total deposits$21,499
Interest-bearing deposits$23,697
Deposits held in domestic offices$87
% insured (estimated)1000.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$500
Other borrowed funds $0
Subordinated debt $308
All other liabilities $3,039
Total equity capital$3,039
Total bank equity capital$3,039
Perpetual preferred stock$0
Common stock$100
Surplus$800
Undivided profits $2,139
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $0
Earning assets $0
Long-term assets (5+ years) $220
Average Assets, year-to-date $26,409
Average Assets, quarterly $19,397
Volatile liabilities $28,522
Insider loans $28,302
FHLB advances $13,856
Loans and leases held for sale $28,531
Unused loan commitments $742
Tier 1 (core) risk-based capital $742
Tier 2 risk-based capital $2,634
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $1,889
Derivatives$0
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $1,068
Total interest expense $239
Net interest income $829
Provision for loan and lease losses -$85
Total noninterest income $170
Fiduciary activities $0
Service charges on deposit accounts $44
Trading account gains & fees $0
Additional noninterest income $126
Total noninterest expense $814
Salaries and employee benefits $538
Premises and equipment expense $44
Additional noninterest expense $232
Pre-tax net operating income $270
Securities gains (losses) $0
Applicable income taxes $75
Income before extraordinary items $195
Extraordinary gains - net $0
Net income attributable to bank $195
Net charge-offs $0
Cash dividends $195
Sale, conversion, retirement of capital stock, net -$78
Net operating income $127
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.09%
Cost of funding earning assets 0.92%
Net interest margin 3.18%
Noninterest income to earning assets 0.65%
Noninterest expense to earning assets 3.12%
Net operating income to assets 0.68%
Return on assets (ROA) 0.68%
Pretax return on assets 0.95%
Return on equity (ROE) 6.72%
Retained earnings to average equity (YTD only) 2.34%
Net charge-offs to loans -0.91%
Credit loss provision to net charge-offs 108.97%
Efficiency ratio0.00%
Assets per employee$81,481
Cash dividends to net income (YTD only)4.08%
Condition Ratios (%)
Loss allowance to loans 65.13%
Loss allowance to noncurrent loans 1.85%
Noncurrent assets plus other real estate owned to assets 0.00%
Noncurrent loans to loans 0.00%
Net loans and leases to deposits0.00%
Net loans and leases to core deposits 33.05%
Equity capital to assets 33.05%
Core capital (leverage) ratio 10.65%
Tier 1 risk-based capital ratio 9.23%
Total risk-based capital ratio 19.01%
Memoranda
Average assets$20
Average earning assets$28,522
Average equity $2,900
Average loans $26,108
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2 South Dakota Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
09746American State Bank101 Main St, Oldham, SD 57051November 02, 1936Full Service Brick and Mortar
1233950Ramona BranchMain Street, Ramona, SD 57054November 02, 1936Full Service Brick and Mortar
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