Bank of South Dakota in Watertown, South Dakota (SD)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 01, 1997

  • Bank of South Dakota in Watertown, South Dakota (SD)
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Bank of South Dakota - Overview

  • General
  • FDIC Certificate #: 29285
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Marquette Bank South Dakota, National Association (#6079)
    Federal Reserve ID: 237972
    Date Established: December 24, 1934
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Interstate: No)
    OTS Docket #: 3224
    FDIC's unique #: 42119
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    SAIF Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: December 24, 1934
    Last Structure Change Effective Date: November 01, 1997
    Last Structure Change Process Date: November 14, 1997
    Last Data Update: November 14, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 109 First Avenue Southeast, Watertown, SD 57201
    County: Codington
    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
    Core Based Statistical Area (CBSA): Watertown, SD (#47980)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $117.7 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $58Total assets
  • $116,417Cash and due from depository institutions
  • $3,507Interest-bearing balances
  • $1,208Securities
  • $29,389Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $77,598Loan loss allowance
  • $1,554Trading account assets
  • $0Bank premises and fixed assets
  • $2,932Other real estate owned
  • $34Goodwill and other intangibles
  • $1,175Life insurance assets
  • $1,782All other assets
  • $0Total liabilities and capital
  • $116,417Total liabilities
  • $105,073Total deposits
  • $100,962Interest-bearing deposits
  • $96,930Deposits held in domestic offices
  • 100962.00%% insured (estimated)
  • $91Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,263Subordinated debt
  • $0All other liabilities
  • $2,848Total equity capital
  • $2,848Total bank equity capital
  • $11,344Perpetual preferred stock
  • $0Common stock
  • $500Surplus
  • $10,900Undivided profits
  • Memoranda
  • $-56Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $449Income earned, not collected on loans
  • $580Earning assets
  • $108,195Long-term assets (5+ years)
  • $30,133Average Assets, year-to-date
  • $118,774Average Assets, quarterly
  • $117,791Volatile liabilities
  • $8,193Insider loans
  • $1,305FHLB advances
  • $0Loans and leases held for sale
  • $357Unused loan commitments
  • $3,999Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $9,615Total risk weighted assets
  • $77,919Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $8,905Total interest expense
  • $4,914Net interest income
  • $3,991Provision for loan and lease losses
  • -$591Total noninterest income
  • $1,099Fiduciary activities
  • $0Service charges on deposit accounts
  • $439Trading account gains & fees
  • $0Additional noninterest income
  • $660Total noninterest expense
  • $5,611Salaries and employee benefits
  • $2,371Premises and equipment expense
  • $565Additional noninterest expense
  • $2,675Pre-tax net operating income
  • $70Securities gains (losses)
  • $4Applicable income taxes
  • -$21Income before extraordinary items
  • $95Extraordinary gains - net
  • $0Net income attributable to bank
  • $95Net charge-offs
  • -$213Cash dividends
  • $250Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.06%Cost of funding earning assets
  • 4.45%Net interest margin
  • 3.61%Noninterest income to earning assets
  • 1.00%Noninterest expense to earning assets
  • 5.08%Net operating income to assets
  • 0.08%Return on assets (ROA)
  • 0.08%Pretax return on assets
  • 0.06%Return on equity (ROE)
  • 0.84%Retained earnings to average equity (YTD only)
  • -1.37%Net charge-offs to loans
  • -0.26%Credit loss provision to net charge-offs
  • 277.46%Efficiency ratio
  • 104,912Assets per employee
  • 2.01%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 263.16%Loss allowance to loans
  • 1.96%Loss allowance to noncurrent loans
  • 346.10%Noncurrent assets plus other real estate owned to assets
  • 0.41%Noncurrent loans to loans
  • 0.57%Net loans and leases to deposits
  • 76.86%Net loans and leases to core deposits
  • 83.65%Equity capital to assets
  • 9.74%Core capital (leverage) ratio
  • 8.22%Tier 1 risk-based capital ratio
  • 12.34%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $118,774Average earning assets
  • $11,346Average equity
  • $110,437Average loans

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