BankFirst National Association in Brookings, South Dakota (SD)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 07, 1995

  • BankFirst National Association in Brookings, South Dakota (SD)
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BankFirst National Association - Overview

  • General
  • FDIC Certificate #: 9006
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: BANKFIRST (#34103)
    Federal Reserve ID: 127756
    Date Established: March 28, 1928
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 4 (Interstate: No)
    OTS Docket #: 9484
    FDIC's unique #: 5752
    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: January 01, 1934
    Last Structure Change Effective Date: December 07, 1995
    Last Structure Change Process Date: December 27, 1995
    Last Data Update: December 27, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: 526 Main, Brookings, SD 57006
    County: Brookings
    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): Brookings, SD (#15100)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $70.2 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $39Total assets
  • $62,366Cash and due from depository institutions
  • $2,830Interest-bearing balances
  • $0Securities
  • $11,047Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $45,767Loan loss allowance
  • $308Trading account assets
  • $0Bank premises and fixed assets
  • $1,239Other real estate owned
  • $0Goodwill and other intangibles
  • $1,461Life insurance assets
  • $22All other assets
  • $0Total liabilities and capital
  • $62,366Total liabilities
  • $56,765Total deposits
  • $55,529Interest-bearing deposits
  • $51,349Deposits held in domestic offices
  • 55529.00%% insured (estimated)
  • $92Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $625Subordinated debt
  • $0All other liabilities
  • $611Total equity capital
  • $611Total bank equity capital
  • $5,601Perpetual preferred stock
  • $0Common stock
  • $1,000Surplus
  • $1,000Undivided profits
  • Memoranda
  • $3,601Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $854Income earned, not collected on loans
  • $1,025Earning assets
  • $56,814Long-term assets (5+ years)
  • $7,486Average Assets, year-to-date
  • $61,648Average Assets, quarterly
  • $62,471Volatile liabilities
  • $8,746Insider loans
  • $216FHLB advances
  • $0Loans and leases held for sale
  • $6,169Unused loan commitments
  • $2,831Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $5,689Total risk weighted assets
  • $47,959Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $4,994Total interest expense
  • $2,161Net interest income
  • $2,833Provision for loan and lease losses
  • $45Total noninterest income
  • $917Fiduciary activities
  • $0Service charges on deposit accounts
  • $279Trading account gains & fees
  • $0Additional noninterest income
  • $638Total noninterest expense
  • $2,124Salaries and employee benefits
  • $1,081Premises and equipment expense
  • $415Additional noninterest expense
  • $628Pre-tax net operating income
  • $1,581Securities gains (losses)
  • -$136Applicable income taxes
  • $430Income before extraordinary items
  • $1,015Extraordinary gains - net
  • $0Net income attributable to bank
  • $1,015Net charge-offs
  • -$26Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1994)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.81%Cost of funding earning assets
  • 3.81%Net interest margin
  • 5.00%Noninterest income to earning assets
  • 1.62%Noninterest expense to earning assets
  • 3.75%Net operating income to assets
  • 1.80%Return on assets (ROA)
  • 1.65%Pretax return on assets
  • 2.34%Return on equity (ROE)
  • 19.74%Retained earnings to average equity (YTD only)
  • 19.74%Net charge-offs to loans
  • -0.06%Credit loss provision to net charge-offs
  • -173.08%Efficiency ratio
  • 56,613Assets per employee
  • 1.60%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.67%Loss allowance to noncurrent loans
  • 36.07%Noncurrent assets plus other real estate owned to assets
  • 1.37%Noncurrent loans to loans
  • 1.85%Net loans and leases to deposits
  • 82.42%Net loans and leases to core deposits
  • 96.54%Equity capital to assets
  • 8.98%Core capital (leverage) ratio
  • 9.29%Tier 1 risk-based capital ratio
  • 11.86%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $61,648Average earning assets
  • $5,141Average equity
  • $56,706Average loans

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