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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