Axsys National Bank in Sioux Falls, South Dakota (SD)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 24, 2004

  • Axsys National Bank in Sioux Falls, South Dakota (SD)
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Axsys National Bank - Overview

  • General
  • 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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