Commercial Trust and Savings Bank in Mitchell, South Dakota (SD)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 05, 1999

  • Commercial Trust and Savings Bank in Mitchell, South Dakota (SD)
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Commercial Trust and Savings Bank - Overview

  • General
  • 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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