Community Bank in Avon, South Dakota (SD)



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Table of contents:
Community Bank
GeneralFDIC Certificate #: 1687
Status: Active
Federal Reserve ID: 276953
Date Established: January 01, 1914
WWW: http://www.commbank@gwtc.net
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Domestic: 1, Interstate: No)
FDIC's unique #: 1110
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: No
Asset Concentration Hierarchy: Agricultural Specialization
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: May 27, 2010
Last Structure Change Process Date: May 27, 2010
Last Data Update: May 27, 2010
Data Source Date: April 05, 2012
LocationAddress: 118 N Main St, Avon, SD 57315
County: Bon Homme
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
Financial SummaryTotal assets: $45.9 mil
Equity capital: $8.0 mil
Deposits held in domestic offices: $37.0 mil
Return on assets (ROA): 1.03% ($0.5 mil)
Quarterly return on assets: 0.73% ($0.3 mil)
Return on Equity (ROE): 6.18% ($0.5 mil)
Quarterly return on equity: 4.28% ($0.3 mil)
Net income: $0.5 mil
Quarterly Net income: $0.1 mil
Pretax return on assets: 1.26% ($578.1 mil)
Quarterly Pretax return on assets: 0.83% ($380.8 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)9
Total assets$45,877
Cash and due from depository institutions$1,767
Interest-bearing balances$999
Securities$28,203
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$14,746
Loan loss allowance $173
Trading account assets$0
Bank premises and fixed assets$162
Other real estate owned$40
Goodwill and other intangibles$0
All other assets$959
Life insurance assets$45,877
Total liabilities and capital$37,841
Total liabilities$36,974
Total deposits$29,424
Interest-bearing deposits$36,974
Deposits held in domestic offices$97
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$60
Other borrowed funds $0
Subordinated debt $807
All other liabilities $8,036
Total equity capital$8,036
Total bank equity capital$8,036
Perpetual preferred stock$0
Common stock$75
Surplus$925
Undivided profits $7,036
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 $79
Earning assets $0
Long-term assets (5+ years) $609
Average Assets, year-to-date $43,948
Average Assets, quarterly $19,994
Volatile liabilities $44,158
Insider loans $46,406
FHLB advances $20,185
Loans and leases held for sale $45,621
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $7,139
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $541
Derivatives$0
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $1,875
Total interest expense $302
Net interest income $1,573
Provision for loan and lease losses $0
Total noninterest income $13
Fiduciary activities $0
Service charges on deposit accounts $9
Trading account gains & fees $0
Additional noninterest income $4
Total noninterest expense $1,032
Salaries and employee benefits $637
Premises and equipment expense $62
Additional noninterest expense $333
Pre-tax net operating income $554
Securities gains (losses) $2
Applicable income taxes $99
Income before extraordinary items $457
Extraordinary gains - net $0
Net income attributable to bank $457
Net charge-offs $0
Cash dividends $457
Sale, conversion, retirement of capital stock, net $38
Net operating income $60
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.43%
Cost of funding earning assets 0.71%
Net interest margin 3.72%
Noninterest income to earning assets 0.03%
Noninterest expense to earning assets 2.44%
Net operating income to assets 1.03%
Return on assets (ROA) 1.03%
Pretax return on assets 1.26%
Return on equity (ROE) 6.18%
Retained earnings to average equity (YTD only) 5.37%
Net charge-offs to loans 0.26%
Credit loss provision to net charge-offs 0.00%
Efficiency ratio14.58%
Assets per employee$65,069
Cash dividends to net income (YTD only)5.10%
Condition Ratios (%)
Loss allowance to loans 13.13%
Loss allowance to noncurrent loans 1.16%
Noncurrent assets plus other real estate owned to assets 218.99%
Noncurrent loans to loans 0.26%
Net loans and leases to deposits0.53%
Net loans and leases to core deposits 39.88%
Equity capital to assets 41.68%
Core capital (leverage) ratio 17.52%
Tier 1 risk-based capital ratio 15.65%
Total risk-based capital ratio 35.37%
Memoranda
Average assets$36
Average earning assets$44,158
Average equity $7,391
Average loans $42,281
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1 South Dakota Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
01110Community Bank118 N Main St, Avon, SD 57315January 01, 1914Full Service Brick and Mortar
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