BANK 360 in Beresford, South Dakota (SD)
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| BANK 360 | |
|---|---|
| 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) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 19 |
| Total assets | $39,903 |
| Cash and due from depository institutions | $6,236 |
| Interest-bearing balances | $2,203 |
| Securities | $6,279 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $25,342 |
| Loan loss allowance | $727 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $730 |
| Other real estate owned | $166 |
| Goodwill and other intangibles | $0 |
| All other assets | $1,150 |
| Life insurance assets | $39,903 |
| Total liabilities and capital | $37,072 |
| Total liabilities | $36,893 |
| Total deposits | $31,955 |
| Interest-bearing deposits | $36,893 |
| Deposits held in domestic offices | $95 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $179 |
| All other liabilities | $2,831 |
| Total equity capital | $2,831 |
| Total bank equity capital | $2,831 |
| Perpetual preferred stock | $0 |
| Common stock | $0 |
| Surplus | $0 |
| Undivided profits | $2,831 |
| Memoranda | |
| 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 | $723 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $161 |
| Average Assets, year-to-date | $33,824 |
| Average Assets, quarterly | $0 |
| Volatile liabilities | $42,971 |
| Insider loans | $40,422 |
| FHLB advances | $25,204 |
| Loans and leases held for sale | $39,707 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $2,571 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $2,678 |
| Derivatives | $185 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $2,024 |
| Total interest expense | $332 |
| Net interest income | $1,692 |
| Provision for loan and lease losses | $0 |
| Total noninterest income | $277 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $189 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $88 |
| Total noninterest expense | $2,434 |
| Salaries and employee benefits | $1,229 |
| Premises and equipment expense | $506 |
| Additional noninterest expense | $699 |
| Pre-tax net operating income | -$465 |
| Securities gains (losses) | $0 |
| Applicable income taxes | -$134 |
| Income before extraordinary items | -$331 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | -$331 |
| Net charge-offs | $0 |
| Cash dividends | -$331 |
| Sale, conversion, retirement of capital stock, net | -$144 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.35% |
| Cost of funding earning assets | 0.88% |
| Net interest margin | 4.47% |
| Noninterest income to earning assets | 0.73% |
| Noninterest expense to earning assets | 6.43% |
| Net operating income to assets | -0.77% |
| Return on assets (ROA) | -0.77% |
| Pretax return on assets | -1.08% |
| Return on equity (ROE) | -10.67% |
| Retained earnings to average equity (YTD only) | -10.67% |
| Net charge-offs to loans | -0.50% |
| Credit loss provision to net charge-offs | 0.00% |
| Efficiency ratio | 0.00% |
| Assets per employee | $123,616 |
| Cash dividends to net income (YTD only) | 2.10% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 2.79% |
| Noncurrent assets plus other real estate owned to assets | 100.55% |
| Noncurrent loans to loans | 2.07% |
| Net loans and leases to deposits | 2.77% |
| Net loans and leases to core deposits | 68.69% |
| Equity capital to assets | 69.79% |
| Core capital (leverage) ratio | 7.09% |
| Tier 1 risk-based capital ratio | 6.47% |
| Total risk-based capital ratio | 10.20% |
| Memoranda | |
| Average assets | $11 |
| Average earning assets | $42,971 |
| Average equity | $3,103 |
| Average loans | $37,831 |
| 3 South Dakota Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 43623 | Bank 360 | 101 South Third Street, Beresford, SD 57004 | July 18, 1955 | Full Service Brick and Mortar |  |
| 1 | 282075 | Yankton Branch | 1101 Broadway Ave, Yankton, SD 57078 | July 18, 1955 | Full Service Brick and Mortar |  |
| 104 | 463843 | 117 W. Main Street Branch | 117 W. Main Street, Elk Point, SD 57025 | November 09, 2001 | Full Service Brick and Mortar | |
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BankEncyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.