BANK 360 in Beresford, South Dakota (SD)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • BANK 360 in Beresford, South Dakota (SD)
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BANK 360 - Overview

  • General
  • FDIC Certificate #: 30789
    Status: Active
    Federal Reserve ID: 85771
    Date Established: July 18, 1955
    WWW: http://www.bank360online.com
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 5919
    FDIC's unique #: 43623
    Numeric code: 34
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: All Other Specialization < 1 Billion
    Date of Deposit Insurance: July 18, 1955
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 101 South Third Street, Beresford, SD 57004
    County: Union
    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
    Combined Statistical Area (CSA): Sioux City-Vermillion, IA-NE-SD (#512)
    Core Based Statistical Area (CBSA): Sioux City, IA-NE-SD (#43580)
    CBSA Metro Statistical Area: Sioux City, IA-NE-SD (#43580)
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $39.9 mil
    Equity capital: $2.8 mil
    Deposits held in domestic offices: $36.9 mil
    Return on assets (ROA): -0.77% (-$0.3 mil)
    Quarterly return on assets: -1.68% (-$0.7 mil)
    Return on Equity (ROE): -10.67% (-$0.3 mil)
    Quarterly return on equity: -22.94% (-$0.7 mil)
    Net income: -$0.3 mil
    Quarterly Net income: -$0.2 mil
    Pretax return on assets: -1.08% (-$431.0 mil)
    Quarterly Pretax return on assets: -1.68% (-$670.4 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
  • 19Total employees (full-time equivalent)
  • $39,903Total assets
  • $6,236Cash and due from depository institutions
  • $2,203Interest-bearing balances
  • $6,279Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $25,342Net loans & leases
  • $727Loan loss allowance
  • $0Trading account assets
  • $730Bank premises and fixed assets
  • $166Other real estate owned
  • $0Goodwill and other intangibles
  • $39,903Life insurance assets
  • $1,150All other assets
  • $37,072Total liabilities and capital
  • $36,893Total liabilities
  • $31,955Total deposits
  • $36,893Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $179Subordinated debt
  • $2,831All other liabilities
  • $2,831Total equity capital
  • $2,831Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $2,831Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $723Income earned, not collected on loans
  • $0Earning assets
  • $161Long-term assets (5+ years)
  • $33,824Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $42,971Volatile liabilities
  • $40,422Insider loans
  • $25,204FHLB advances
  • $39,707Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $2,571Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,678Restructured Loans and leases
  • $185Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,024Total interest income
  • $332Total interest expense
  • $1,692Net interest income
  • $0Provision for loan and lease losses
  • $277Total noninterest income
  • $0Fiduciary activities
  • $189Service charges on deposit accounts
  • $0Trading account gains & fees
  • $88Additional noninterest income
  • $2,434Total noninterest expense
  • $1,229Salaries and employee benefits
  • $506Premises and equipment expense
  • $699Additional noninterest expense
  • -$465Pre-tax net operating income
  • $0Securities gains (losses)
  • -$134Applicable income taxes
  • -$331Income before extraordinary items
  • $0Extraordinary gains - net
  • -$331Net income attributable to bank
  • $0Net charge-offs
  • -$331Cash dividends
  • -$144Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.35%Yield on earning assets
  • 0.88%Cost of funding earning assets
  • 4.47%Net interest margin
  • 0.73%Noninterest income to earning assets
  • 6.43%Noninterest expense to earning assets
  • -0.77%Net operating income to assets
  • -0.77%Return on assets (ROA)
  • -1.08%Pretax return on assets
  • -10.67%Return on equity (ROE)
  • -10.67%Retained earnings to average equity (YTD only)
  • -0.50%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 123,616Assets per employee
  • 2.10%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.79%Loss allowance to noncurrent loans
  • 100.55%Noncurrent assets plus other real estate owned to assets
  • 2.07%Noncurrent loans to loans
  • 2.77%Net loans and leases to deposits
  • 68.69%Net loans and leases to core deposits
  • 69.79%Equity capital to assets
  • 7.09%Core capital (leverage) ratio
  • 6.47%Tier 1 risk-based capital ratio
  • 10.20%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $42,971Average earning assets
  • $3,103Average equity
  • $37,831Average loans

List of branches

  • 3 South Dakota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    043623Bank 360101 South Third Street, Beresford, SD 57004July 18, 1955Full Service Brick and Mortar
    1282075Yankton Branch1101 Broadway Ave, Yankton, SD 57078July 18, 1955Full Service Brick and Mortar
    104463843117 W. Main Street Branch117 W. Main Street, Elk Point, SD 57025November 09, 2001Full Service Brick and Mortar

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