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

This bank is inactive as of January 03, 1995

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

  • General
  • FDIC Certificate #: 27061
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Community First State Bank (#27063)
    Federal Reserve ID: 479156
    Date Established: October 01, 1987
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Interstate: No)
    OTS Docket #: 9786
    FDIC's unique #: 38660
    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: January 03, 1995
    Last Structure Change Process Date: January 11, 1995
    Last Data Update: January 11, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: 403 Main Street, Platte, SD 57369
    County: Charles Mix
    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: $53.4 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $19Total assets
  • $53,436Cash and due from depository institutions
  • $2,486Interest-bearing balances
  • $208Securities
  • $14,367Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $34,988Loan loss allowance
  • $475Trading account assets
  • $0Bank premises and fixed assets
  • $432Other real estate owned
  • $125Goodwill and other intangibles
  • $1,038Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $53,436Total liabilities
  • $49,392Total deposits
  • $45,785Interest-bearing deposits
  • $40,435Deposits held in domestic offices
  • 45785.00%% insured (estimated)
  • $92Federal funds purchased & repurchase agreements
  • $1,834Trading liabilities
  • $0Other borrowed funds
  • $1,350Subordinated debt
  • $0All other liabilities
  • $423Total equity capital
  • $423Total bank equity capital
  • $4,044Perpetual preferred stock
  • $0Common stock
  • $2,000Surplus
  • $1,600Undivided profits
  • Memoranda
  • $444Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $31Income earned, not collected on loans
  • $569Earning assets
  • $49,563Long-term assets (5+ years)
  • $7,068Average Assets, year-to-date
  • $50,458Average Assets, quarterly
  • $52,781Volatile liabilities
  • $6,557Insider loans
  • $1,456FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $9,920Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $4,061Total risk weighted assets
  • $40,886Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $3,571Total interest expense
  • $1,247Net interest income
  • $2,324Provision for loan and lease losses
  • $37Total noninterest income
  • $234Fiduciary activities
  • $0Service charges on deposit accounts
  • $181Trading account gains & fees
  • $0Additional noninterest income
  • $53Total noninterest expense
  • $1,385Salaries and employee benefits
  • $647Premises and equipment expense
  • $104Additional noninterest expense
  • $634Pre-tax net operating income
  • $1,136Securities gains (losses)
  • $0Applicable income taxes
  • $410Income before extraordinary items
  • $726Extraordinary gains - net
  • $0Net income attributable to bank
  • $726Net charge-offs
  • -$8Cash dividends
  • $710Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1994)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.56%Cost of funding earning assets
  • 2.64%Net interest margin
  • 4.92%Noninterest income to earning assets
  • 0.50%Noninterest expense to earning assets
  • 2.93%Net operating income to assets
  • 1.44%Return on assets (ROA)
  • 1.44%Pretax return on assets
  • 2.25%Return on equity (ROE)
  • 17.88%Retained earnings to average equity (YTD only)
  • 0.39%Net charge-offs to loans
  • -0.02%Credit loss provision to net charge-offs
  • -462.50%Efficiency ratio
  • 54,144Assets per employee
  • 2.81%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 97.80%Loss allowance to loans
  • 1.34%Loss allowance to noncurrent loans
  • 1532.26%Noncurrent assets plus other real estate owned to assets
  • 0.29%Noncurrent loans to loans
  • 0.09%Net loans and leases to deposits
  • 76.42%Net loans and leases to core deposits
  • 82.50%Equity capital to assets
  • 7.57%Core capital (leverage) ratio
  • 7.67%Tier 1 risk-based capital ratio
  • 9.93%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $50,458Average earning assets
  • $4,060Average equity
  • $47,208Average loans

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