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

This bank is inactive as of March 22, 2001

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

  • General
  • FDIC Certificate #: 27063
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Community First National Bank (#3924)
    Federal Reserve ID: 497459
    Date Established: October 01, 1987
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 10 (Interstate: No)
    OTS Docket #: 9738
    FDIC's unique #: 38663
    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: March 22, 2001
    Last Structure Change Process Date: April 05, 2001
    Last Data Update: April 05, 2001
    Data Source Date: April 05, 2012
  • Location
  • Address: 15 East Main Street, Vermillion, SD 57069
    County: Clay
    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
    Combined Statistical Area (CSA): Sioux City-Vermillion, IA-NE-SD (#512)
    Core Based Statistical Area (CBSA): Vermillion, SD (#46820)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $271.5 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, 2000)

  • Dollar figures in thousands
  • 169Total employees (full-time equivalent)
  • $271,542Total assets
  • $10,862Cash and due from depository institutions
  • $5Interest-bearing balances
  • $58,028Securities
  • $4,955Federal funds sold & reverse repurchase agreements
  • $172,480Net loans & leases
  • $2,707Loan loss allowance
  • $0Trading account assets
  • $2,854Bank premises and fixed assets
  • $0Other real estate owned
  • $7,181Goodwill and other intangibles
  • $0Life insurance assets
  • $15,182All other assets
  • $271,542Total liabilities and capital
  • $243,630Total liabilities
  • $234,824Total deposits
  • $218,626Interest-bearing deposits
  • $234,824Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $4,462Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $4,344All other liabilities
  • $27,912Total equity capital
  • $27,912Total bank equity capital
  • $27,912Perpetual preferred stock
  • $0Common stock
  • $10,000Surplus
  • $13,084Undivided profits
  • Memoranda
  • $4,828Noncurrent loans and leases
  • $36,728Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $679Earning assets
  • $3Long-term assets (5+ years)
  • $2,905Average Assets, year-to-date
  • $235,468Average Assets, quarterly
  • $55,359Volatile liabilities
  • $279,017Insider loans
  • $270,316FHLB advances
  • $32,151Loans and leases held for sale
  • $257Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $238Total risk weighted assets
  • $36,728Total unused commitments
  • $0Restructured Loans and leases
  • $2,565Derivatives

Income and Expense (December 31, 2000)

  • Dollar figures in thousands
  • $20,756Total interest income
  • $9,205Total interest expense
  • $11,551Net interest income
  • $2,073Provision for loan and lease losses
  • $9,608Total noninterest income
  • $0Fiduciary activities
  • $1,406Service charges on deposit accounts
  • $0Trading account gains & fees
  • $8,202Additional noninterest income
  • $12,177Total noninterest expense
  • $6,643Salaries and employee benefits
  • $1,038Premises and equipment expense
  • $4,496Additional noninterest expense
  • $6,909Pre-tax net operating income
  • -$9Securities gains (losses)
  • $2,415Applicable income taxes
  • $4,485Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,485Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $1,236Sale, conversion, retirement of capital stock, net
  • $4,400Net operating income

Performance and Condition Ratios (December 31, 2000)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.51%Yield on earning assets
  • 3.78%Cost of funding earning assets
  • 4.74%Net interest margin
  • 3.94%Noninterest income to earning assets
  • 5.00%Noninterest expense to earning assets
  • 1.61%Net operating income to assets
  • 1.61%Return on assets (ROA)
  • 2.47%Pretax return on assets
  • 16.62%Return on equity (ROE)
  • 0.31%Retained earnings to average equity (YTD only)
  • 0.68%Net charge-offs to loans
  • 167.72%Credit loss provision to net charge-offs
  • 7.27%Efficiency ratio
  • 54,615Assets per employee
  • 1.61%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 98.10%Loss allowance to loans
  • 1.55%Loss allowance to noncurrent loans
  • 398.67%Noncurrent assets plus other real estate owned to assets
  • 0.25%Noncurrent loans to loans
  • 0.39%Net loans and leases to deposits
  • 73.45%Net loans and leases to core deposits
  • 83.27%Equity capital to assets
  • 10.28%Core capital (leverage) ratio
  • 8.02%Tier 1 risk-based capital ratio
  • 10.19%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $279,017Average earning assets
  • $26,985Average equity
  • $243,784Average loans

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