FDIC Certificate #: 34290 Status: Inactive Federal Reserve ID: 2512440 Date Established: November 11, 1996 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 1 (Interstate: No) FDIC's unique #: 57049 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: No Date of Deposit Insurance: November 11, 1996 Last Structure Change Effective Date: December 24, 2004 Last Structure Change Process Date: Febuary 02, 2005 Last Data Update: Febuary 02, 2005 Data Source Date: April 05, 2012
Location
Address: 3904 West Technology Circle, Suite 102, Sioux Falls, SD 57106 County: Minnehaha Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Chicago FDIC Field Office: Sioux Falls Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: West Metropolitan Statistical Area (MSA): Sioux Falls, SD (#7760) Core Based Statistical Area (CBSA): Sioux Falls, SD (#43620) CBSA Metro Statistical Area: Sioux Falls, SD (#43620)
History of Changes
Other Liquidations and Closings
Financial Summary
Total assets: $20.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2003)
Dollar figures in thousands
1Total employees (full-time equivalent)
$22,637Total assets
$18Cash and due from depository institutions
$0Interest-bearing balances
$0Securities
$21,885Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$0Loan loss allowance
$0Trading account assets
$137Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$597All other assets
$22,637Total liabilities and capital
$1,469Total liabilities
$500Total deposits
$500Interest-bearing deposits
$500Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$969All other liabilities
$21,168Total equity capital
$21,168Total bank equity capital
$21,168Perpetual preferred stock
$0Common stock
$2,000Surplus
$3,005Undivided profits
Memoranda
$16,163Noncurrent loans and leases
$237,326Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$0Average Assets, year-to-date
$21,885Average Assets, quarterly
$0Volatile liabilities
$21,384Insider loans
$22,316FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$237,326Total unused commitments
$0Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2003)
Dollar figures in thousands
$189Total interest income
$8Total interest expense
$181Net interest income
$0Provision for loan and lease losses
$8,028Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$8,028Additional noninterest income
$422Total noninterest expense
$154Salaries and employee benefits
$268Premises and equipment expense
$0Additional noninterest expense
$7,787Pre-tax net operating income
$0Securities gains (losses)
$3,031Applicable income taxes
$4,756Income before extraordinary items
$0Extraordinary gains - net
$4,756Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2003)
Dollar figures in thousands
Performance Ratios (%, annualized)
1.01%Yield on earning assets
0.04%Cost of funding earning assets
0.97%Net interest margin
43.09%Noninterest income to earning assets
2.26%Noninterest expense to earning assets
22.24%Net operating income to assets
22.24%Return on assets (ROA)
36.41%Pretax return on assets
24.95%Return on equity (ROE)
24.95%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
5,141Assets per employee
22.64%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.00%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
0.00%Net loans and leases to core deposits
0.00%Equity capital to assets
93.51%Core capital (leverage) ratio
94.37%Tier 1 risk-based capital ratio
412.71%Total risk-based capital ratio
Memoranda
$413Average assets
$21,384Average earning assets
$19,060Average equity
$18,633Average loans
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