FDIC Certificate #: 1129 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First National Bank South Dakota (#18613) Federal Reserve ID: 118053 Date Established: January 06, 1897 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 6 (Interstate: No) OTS Docket #: 10559 FDIC's unique #: 771 Numeric code: 13 Regulator: FED Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes Oakar Institutions: Yes State Chartered: Yes Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: November 05, 1999 Last Structure Change Process Date: November 12, 1999 Last Data Update: November 12, 1999 Data Source Date: April 05, 2012
Location
Address: 210 North Lawler, Mitchell, SD 57301 County: Davison 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): Mitchell, SD (#33580) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $173.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1998)
Dollar figures in thousands
101Total employees (full-time equivalent)
$176,022Total assets
$7,565Cash and due from depository institutions
$20Interest-bearing balances
$43,692Securities
$5,425Federal funds sold & reverse repurchase agreements
$112,026Net loans & leases
$1,593Loan loss allowance
$0Trading account assets
$3,348Bank premises and fixed assets
$0Other real estate owned
$346Goodwill and other intangibles
$0Life insurance assets
$3,620All other assets
$176,022Total liabilities and capital
$158,277Total liabilities
$152,241Total deposits
$129,225Interest-bearing deposits
$152,241Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$3,240Other borrowed funds
$0Subordinated debt
$2,796All other liabilities
$17,745Total equity capital
$17,745Total bank equity capital
$17,745Perpetual preferred stock
$0Common stock
$3,000Surplus
$5,000Undivided profits
Memoranda
$9,745Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,124Earning assets
$0Long-term assets (5+ years)
$2,344Average Assets, year-to-date
$161,163Average Assets, quarterly
$18,020Volatile liabilities
$174,930Insider loans
$174,269FHLB advances
$8,725Loans and leases held for sale
$3,017Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$31,774Total unused commitments
$0Restructured Loans and leases
$148,391Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$14,175Total interest income
$6,364Total interest expense
$7,811Net interest income
$300Provision for loan and lease losses
$2,039Total noninterest income
$524Fiduciary activities
$902Service charges on deposit accounts
$0Trading account gains & fees
$613Additional noninterest income
$5,975Total noninterest expense
$3,647Salaries and employee benefits
$821Premises and equipment expense
$1,507Additional noninterest expense
$3,575Pre-tax net operating income
$0Securities gains (losses)
$1,119Applicable income taxes
$2,456Income before extraordinary items
$0Extraordinary gains - net
$2,456Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$282Sale, conversion, retirement of capital stock, net
$2,400Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.89%Yield on earning assets
3.99%Cost of funding earning assets
4.90%Net interest margin
1.28%Noninterest income to earning assets
3.75%Noninterest expense to earning assets
1.40%Net operating income to assets
1.40%Return on assets (ROA)
2.04%Pretax return on assets
13.82%Return on equity (ROE)
0.32%Retained earnings to average equity (YTD only)
0.24%Net charge-offs to loans
106.38%Credit loss provision to net charge-offs
13.74%Efficiency ratio
60,386Assets per employee
1.74%Cash dividends to net income (YTD only)
Condition Ratios (%)
97.72%Loss allowance to loans
1.40%Loss allowance to noncurrent loans
141.73%Noncurrent assets plus other real estate owned to assets
0.64%Noncurrent loans to loans
0.99%Net loans and leases to deposits
73.58%Net loans and leases to core deposits
77.99%Equity capital to assets
10.08%Core capital (leverage) ratio
9.65%Tier 1 risk-based capital ratio
11.48%Total risk-based capital ratio
Memoranda
$13Average assets
$174,930Average earning assets
$17,766Average equity
$159,433Average loans
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