Andes State Bank in Lake Andes, South Dakota (SD)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Andes State Bank in Lake Andes, South Dakota (SD)
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Andes State Bank - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total 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
  • 6Total employees (full-time equivalent)
  • $21,239Total assets
  • $5,760Cash and due from depository institutions
  • $5,268Interest-bearing balances
  • $4,817Securities
  • $3,250Federal funds sold & reverse repurchase agreements
  • $6,904Net loans & leases
  • $92Loan loss allowance
  • $0Trading account assets
  • $131Bank premises and fixed assets
  • $136Other real estate owned
  • $0Goodwill and other intangibles
  • $21,239Life insurance assets
  • $241All other assets
  • $19,111Total liabilities and capital
  • $19,069Total liabilities
  • $15,292Total deposits
  • $19,069Interest-bearing deposits
  • $73Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $42Subordinated debt
  • $2,128All other liabilities
  • $2,128Total equity capital
  • $2,128Total bank equity capital
  • $0Perpetual preferred stock
  • $240Common stock
  • $960Surplus
  • $928Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $14Income earned, not collected on loans
  • $0Earning assets
  • $172Long-term assets (5+ years)
  • $20,239Average Assets, year-to-date
  • $4,150Average Assets, quarterly
  • $20,659Volatile liabilities
  • $21,004Insider loans
  • $9,935FHLB advances
  • $20,793Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $2,126Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $829Restructured Loans and leases
  • $50Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $728Total interest income
  • $92Total interest expense
  • $636Net interest income
  • $88Provision for loan and lease losses
  • $100Total noninterest income
  • $0Fiduciary activities
  • $46Service charges on deposit accounts
  • $0Trading account gains & fees
  • $54Additional noninterest income
  • $582Total noninterest expense
  • $343Salaries and employee benefits
  • $26Premises and equipment expense
  • $213Additional noninterest expense
  • $66Pre-tax net operating income
  • $177Securities gains (losses)
  • $77Applicable income taxes
  • $166Income before extraordinary items
  • $0Extraordinary gains - net
  • $166Net income attributable to bank
  • $0Net charge-offs
  • $166Cash dividends
  • $120Sale, conversion, retirement of capital stock, net
  • $20Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.70%Yield on earning assets
  • 0.47%Cost of funding earning assets
  • 3.24%Net interest margin
  • 0.51%Noninterest income to earning assets
  • 2.96%Noninterest expense to earning assets
  • 0.22%Net operating income to assets
  • 0.80%Return on assets (ROA)
  • 1.18%Pretax return on assets
  • 7.85%Return on equity (ROE)
  • 6.90%Retained earnings to average equity (YTD only)
  • 1.85%Net charge-offs to loans
  • 73.33%Credit loss provision to net charge-offs
  • 1.28%Efficiency ratio
  • 79,076Assets per employee
  • 3.54%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 12.05%Loss allowance to loans
  • 1.32%Loss allowance to noncurrent loans
  • 657.14%Noncurrent assets plus other real estate owned to assets
  • 0.71%Noncurrent loans to loans
  • 0.20%Net loans and leases to deposits
  • 36.21%Net loans and leases to core deposits
  • 48.17%Equity capital to assets
  • 10.02%Core capital (leverage) ratio
  • 10.22%Tier 1 risk-based capital ratio
  • 21.40%Total risk-based capital ratio
  • Memoranda
  • $22Average assets
  • $20,659Average earning assets
  • $2,115Average equity
  • $19,655Average loans

List of branches

  • 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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