Commercial State Bank, of Wagner in Wagner, South Dakota (SD)



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Commercial State Bank, of Wagner routing number info

Table of contents:
Commercial State Bank, of Wagner
GeneralFDIC Certificate #: 9932
Status: Active
Federal Reserve ID: 129853
Bank Holding Company (Regulatory Top Holder): Commercial Holding Company (RSSDID: 1127182, Location: Wagner, SD)
Date Established: May 31, 1902
WWW: http://www.commercialstate.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Domestic: 1, Interstate: No)
OTS Docket #: 15728
FDIC's unique #: 6350
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Agricultural lending institution: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: Yes
Asset Concentration Hierarchy: Agricultural Specialization
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
LocationAddress: 204 S. Main Ave, Wagner, SD 57380
County: Charles Mix
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
History of ChangesChange in Location
Merge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $130.5 mil
Equity capital: $14.4 mil
Deposits held in domestic offices: $110.6 mil
Return on assets (ROA): 1.92% ($2.5 mil)
Quarterly return on assets: 0.90% ($1.2 mil)
Return on Equity (ROE): 18.67% ($2.6 mil)
Quarterly return on equity: 8.15% ($1.1 mil)
Net income: $2.5 mil
Quarterly Net income: $0.3 mil
Pretax return on assets: 2.00% ($2,609.7 mil)
Quarterly Pretax return on assets: 0.93% ($1,213.5 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)
Total employees (full-time equivalent)26
Total assets$130,483
Cash and due from depository institutions$5,367
Interest-bearing balances$1,286
Securities$47,685
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$70,845
Loan loss allowance $1,325
Trading account assets$0
Bank premises and fixed assets$1,141
Other real estate owned$945
Goodwill and other intangibles$0
All other assets$4,500
Life insurance assets$130,483
Total liabilities and capital$116,041
Total liabilities$110,606
Total deposits$96,118
Interest-bearing deposits$110,606
Deposits held in domestic offices$77
% insured (estimated)4900.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$300
Other borrowed funds $0
Subordinated debt $235
All other liabilities $14,442
Total equity capital$14,442
Total bank equity capital$14,442
Perpetual preferred stock$0
Common stock$0
Surplus$2,950
Undivided profits $11,492
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 $410
Earning assets $0
Long-term assets (5+ years) $1,707
Average Assets, year-to-date $119,816
Average Assets, quarterly $37,966
Volatile liabilities $128,846
Insider loans $129,664
FHLB advances $88,740
Loans and leases held for sale $129,997
Unused loan commitments $2,384
Tier 1 (core) risk-based capital $1,913
Tier 2 risk-based capital $13,069
Total risk weighted assets $0
Total unused commitments $471
Restructured Loans and leases $13,196
Derivatives$685
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $6,680
Total interest expense $1,073
Net interest income $5,607
Provision for loan and lease losses $757
Total noninterest income $562
Fiduciary activities $0
Service charges on deposit accounts $264
Trading account gains & fees $0
Additional noninterest income $298
Total noninterest expense $2,832
Salaries and employee benefits $1,560
Premises and equipment expense $362
Additional noninterest expense $910
Pre-tax net operating income $2,580
Securities gains (losses) $0
Applicable income taxes $108
Income before extraordinary items $2,472
Extraordinary gains - net $0
Net income attributable to bank $2,472
Net charge-offs $0
Cash dividends $2,472
Sale, conversion, retirement of capital stock, net $828
Net operating income $1,201
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.60%
Cost of funding earning assets 0.90%
Net interest margin 4.70%
Noninterest income to earning assets 0.47%
Noninterest expense to earning assets 2.37%
Net operating income to assets 1.92%
Return on assets (ROA) 1.92%
Pretax return on assets 2.00%
Return on equity (ROE) 18.67%
Retained earnings to average equity (YTD only) 9.60%
Net charge-offs to loans 1.18%
Credit loss provision to net charge-offs 91.43%
Efficiency ratio4.03%
Assets per employee$45,907
Cash dividends to net income (YTD only)5.02%
Condition Ratios (%)
Loss allowance to loans 48.58%
Loss allowance to noncurrent loans 1.84%
Noncurrent assets plus other real estate owned to assets 323.17%
Noncurrent loans to loans 1.04%
Net loans and leases to deposits0.57%
Net loans and leases to core deposits 64.05%
Equity capital to assets 72.02%
Core capital (leverage) ratio 11.07%
Tier 1 risk-based capital ratio 10.05%
Total risk-based capital ratio 14.73%
Memoranda
Average assets$16
Average earning assets$128,846
Average equity $13,240
Average loans $119,291
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1 South Dakota Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
06350Commercial State Bank, Of Wagner204 S. Main Ave, Wagner, SD 57380May 31, 1902Full Service Brick and Mortar
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