Community First State Bank in Redfield, South Dakota (SD)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 18, 1997

  • Community First State Bank in Redfield, South Dakota (SD)
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Community First State Bank - Overview

  • General
  • FDIC Certificate #: 27062
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Community First State Bank (#27063)
    Federal Reserve ID: 424558
    Date Established: October 01, 1987
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Interstate: No)
    OTS Docket #: 9769
    FDIC's unique #: 38662
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: October 01, 1987
    Last Structure Change Effective Date: Febuary 18, 1997
    Last Structure Change Process Date: March 27, 1997
    Last Data Update: March 27, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 26 East Seventh Avenue, Redfield, SD 57469
    County: Spink
    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
  • Financial Summary
  • Total assets: $169.8 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $58Total assets
  • $169,821Cash and due from depository institutions
  • $9,825Interest-bearing balances
  • $989Securities
  • $50,395Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $100,777Loan loss allowance
  • $1,319Trading account assets
  • $0Bank premises and fixed assets
  • $1,562Other real estate owned
  • $0Goodwill and other intangibles
  • $7,256Life insurance assets
  • $6All other assets
  • $0Total liabilities and capital
  • $169,821Total liabilities
  • $156,709Total deposits
  • $146,350Interest-bearing deposits
  • $129,671Deposits held in domestic offices
  • 146350.00%% insured (estimated)
  • $88Federal funds purchased & repurchase agreements
  • $6,482Trading liabilities
  • $0Other borrowed funds
  • $2,000Subordinated debt
  • $0All other liabilities
  • $1,877Total equity capital
  • $1,877Total bank equity capital
  • $13,112Perpetual preferred stock
  • $0Common stock
  • $7,075Surplus
  • $4,935Undivided profits
  • Memoranda
  • $1,102Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $210Income earned, not collected on loans
  • $1,677Earning assets
  • $152,161Long-term assets (5+ years)
  • $33,911Average Assets, year-to-date
  • $162,324Average Assets, quarterly
  • $164,946Volatile liabilities
  • $24,130Insider loans
  • $68FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $21,234Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $12,941Total risk weighted assets
  • $121,364Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $12,400Total interest expense
  • $5,694Net interest income
  • $6,706Provision for loan and lease losses
  • $194Total noninterest income
  • $983Fiduciary activities
  • $2Service charges on deposit accounts
  • $588Trading account gains & fees
  • $0Additional noninterest income
  • $393Total noninterest expense
  • $3,556Salaries and employee benefits
  • $1,643Premises and equipment expense
  • $488Additional noninterest expense
  • $1,425Pre-tax net operating income
  • $3,939Securities gains (losses)
  • $10Applicable income taxes
  • $1,336Income before extraordinary items
  • $2,613Extraordinary gains - net
  • $0Net income attributable to bank
  • $2,613Net charge-offs
  • $179Cash dividends
  • $2,706Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.38%Cost of funding earning assets
  • 3.85%Net interest margin
  • 4.53%Noninterest income to earning assets
  • 0.66%Noninterest expense to earning assets
  • 2.40%Net operating income to assets
  • 1.61%Return on assets (ROA)
  • 1.61%Pretax return on assets
  • 2.43%Return on equity (ROE)
  • 20.16%Retained earnings to average equity (YTD only)
  • -0.72%Net charge-offs to loans
  • 0.18%Credit loss provision to net charge-offs
  • 108.38%Efficiency ratio
  • 46,222Assets per employee
  • 2.93%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 103.56%Loss allowance to loans
  • 1.29%Loss allowance to noncurrent loans
  • 628.10%Noncurrent assets plus other real estate owned to assets
  • 0.12%Noncurrent loans to loans
  • 0.21%Net loans and leases to deposits
  • 68.86%Net loans and leases to core deposits
  • 77.10%Equity capital to assets
  • 7.72%Core capital (leverage) ratio
  • 6.99%Tier 1 risk-based capital ratio
  • 10.66%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $162,324Average earning assets
  • $12,959Average equity
  • $148,027Average loans

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