Andes State Bank in Lake Andes, South Dakota (SD)

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Andes State Bank
GeneralFDIC Certificate #: 18483
Status: Active
Federal Reserve ID: 410159
Bank Holding Company (Regulatory Top Holder): Randall Bancshares, Inc. (RSSDID: 1245246, Location: Lake Andes, SD)
Date Established: Febuary 05, 1962
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Domestic: 1, Interstate: No)
FDIC's unique #: 12378
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: Febuary 05, 1962
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: 213 Main Street, Lake Andes, SD 57356
County: Charles Mix
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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $21.2 mil
Equity capital: $2.1 mil
Deposits held in domestic offices: $19.1 mil
Return on assets (ROA): 0.80% ($0.2 mil)
Quarterly return on assets: 0.15% ($0.0 mil)
Return on Equity (ROE): 7.85% ($0.2 mil)
Quarterly return on equity: 1.50% ($0.0 mil)
Net income: $0.2 mil
Quarterly Net income: $0.0 mil
Pretax return on assets: 1.18% ($250.6 mil)
Quarterly Pretax return on assets: -0.08% (-$17.0 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)
Total employees (full-time equivalent)6
Total assets$21,239
Cash and due from depository institutions$5,760
Interest-bearing balances$5,268
Federal funds sold & reverse repurchase agreements$3,250
Net loans & leases$6,904
Loan loss allowance $92
Trading account assets$0
Bank premises and fixed assets$131
Other real estate owned$136
Goodwill and other intangibles$0
All other assets$241
Life insurance assets$21,239
Total liabilities and capital$19,111
Total liabilities$19,069
Total deposits$15,292
Interest-bearing deposits$19,069
Deposits held in domestic offices$73
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $42
All other liabilities $2,128
Total equity capital$2,128
Total bank equity capital$2,128
Perpetual preferred stock$0
Common stock$240
Undivided profits $928
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 $14
Earning assets $0
Long-term assets (5+ years) $172
Average Assets, year-to-date $20,239
Average Assets, quarterly $4,150
Volatile liabilities $20,659
Insider loans $21,004
FHLB advances $9,935
Loans and leases held for sale $20,793
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $2,126
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $829
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $728
Total interest expense $92
Net interest income $636
Provision for loan and lease losses $88
Total noninterest income $100
Fiduciary activities $0
Service charges on deposit accounts $46
Trading account gains & fees $0
Additional noninterest income $54
Total noninterest expense $582
Salaries and employee benefits $343
Premises and equipment expense $26
Additional noninterest expense $213
Pre-tax net operating income $66
Securities gains (losses) $177
Applicable income taxes $77
Income before extraordinary items $166
Extraordinary gains - net $0
Net income attributable to bank $166
Net charge-offs $0
Cash dividends $166
Sale, conversion, retirement of capital stock, net $120
Net operating income $20
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets3.70%
Cost of funding earning assets 0.47%
Net interest margin 3.24%
Noninterest income to earning assets 0.51%
Noninterest expense to earning assets 2.96%
Net operating income to assets 0.22%
Return on assets (ROA) 0.80%
Pretax return on assets 1.18%
Return on equity (ROE) 7.85%
Retained earnings to average equity (YTD only) 6.90%
Net charge-offs to loans 1.85%
Credit loss provision to net charge-offs 73.33%
Efficiency ratio1.28%
Assets per employee$79,076
Cash dividends to net income (YTD only)3.54%
Condition Ratios (%)
Loss allowance to loans 12.05%
Loss allowance to noncurrent loans 1.32%
Noncurrent assets plus other real estate owned to assets 657.14%
Noncurrent loans to loans 0.71%
Net loans and leases to deposits0.20%
Net loans and leases to core deposits 36.21%
Equity capital to assets 48.17%
Core capital (leverage) ratio 10.02%
Tier 1 risk-based capital ratio 10.22%
Total risk-based capital ratio 21.40%
Average assets$22
Average earning assets$20,659
Average equity $2,115
Average loans $19,655
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1 South Dakota Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
012378Andes State Bank213 Main Street, Lake Andes, SD 57356Febuary 05, 1962Full Service Brick and Mortar
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