Dacotah Bank in Aberdeen, South Dakota (SD), ND
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| Dacotah Bank | |
|---|---|
| General | FDIC Certificate #: 17437 Status: Active Federal Reserve ID: 256553 Bank Holding Company (Regulatory Top Holder): Dacotah Banks, Inc. (RSSDID: 1121229, Location: Aberdeen, SD) Date Established: April 30, 1955 WWW: http://www.dacotahbank.com Trust Powers Granted: Yes Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 32 (Domestic: 32, Interstate: Yes) OTS Docket #: 14405 FDIC's unique #: 11430 Numeric code: 13 Regulator: FED 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: April 30, 1955 Last Structure Change Effective Date: December 15, 2006 Last Structure Change Process Date: August 07, 2007 Last Data Update: August 07, 2007 Data Source Date: April 05, 2012 |
| Location | Address: 308 South Main Street, Aberdeen, SD 57401 County: Brown 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 Core Based Statistical Area (CBSA): Aberdeen, SD (#10100) CBSA Micro Statistical Area: Yes |
| History of Changes | Office Purchased |
| Financial Summary | Total assets: $1,902.6 mil Equity capital: $178.7 mil Deposits held in domestic offices: $1,684.0 mil Return on assets (ROA): 0.90% ($17.1 mil) Quarterly return on assets: 0.87% ($16.6 mil) Return on Equity (ROE): 9.61% ($17.2 mil) Quarterly return on equity: 9.20% ($16.5 mil) Net income: $16.3 mil Quarterly Net income: $4.1 mil Pretax return on assets: 1.38% ($26,256.2 mil) Quarterly Pretax return on assets: 1.33% ($25,304.8 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 466 |
| Total assets | $1,902,620 |
| Cash and due from depository institutions | $122,376 |
| Interest-bearing balances | $72,857 |
| Securities | $316,409 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $1,364,762 |
| Loan loss allowance | $18,180 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $43,037 |
| Other real estate owned | $1,975 |
| Goodwill and other intangibles | $7,476 |
| All other assets | $46,585 |
| Life insurance assets | $1,902,620 |
| Total liabilities and capital | $1,723,957 |
| Total liabilities | $1,683,979 |
| Total deposits | $1,545,164 |
| Interest-bearing deposits | $1,683,979 |
| Deposits held in domestic offices | $78 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $25,008 |
| Other borrowed funds | $0 |
| Subordinated debt | $14,970 |
| All other liabilities | $178,663 |
| Total equity capital | $178,663 |
| Total bank equity capital | $178,663 |
| Perpetual preferred stock | $0 |
| Common stock | $10,765 |
| Surplus | $52,003 |
| Undivided profits | $115,895 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $2,887 |
| Income earned, not collected on loans | $24,075 |
| Earning assets | $295 |
| Long-term assets (5+ years) | $18,364 |
| Average Assets, year-to-date | $1,754,028 |
| Average Assets, quarterly | $197,137 |
| Volatile liabilities | $1,820,657 |
| Insider loans | $1,859,399 |
| FHLB advances | $1,517,669 |
| Loans and leases held for sale | $1,863,012 |
| Unused loan commitments | $7,202 |
| Tier 1 (core) risk-based capital | $7,202 |
| Tier 2 risk-based capital | $169,352 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $304,884 |
| Derivatives | $6,594 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $86,585 |
| Total interest expense | $20,016 |
| Net interest income | $66,569 |
| Provision for loan and lease losses | $5,300 |
| Total noninterest income | $14,596 |
| Fiduciary activities | $912 |
| Service charges on deposit accounts | $4,259 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $9,425 |
| Total noninterest expense | $50,685 |
| Salaries and employee benefits | $28,652 |
| Premises and equipment expense | $5,077 |
| Additional noninterest expense | $16,956 |
| Pre-tax net operating income | $25,180 |
| Securities gains (losses) | $36 |
| Applicable income taxes | $8,886 |
| Income before extraordinary items | $16,330 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $16,330 |
| Net charge-offs | $0 |
| Cash dividends | $16,330 |
| Sale, conversion, retirement of capital stock, net | $3,159 |
| Net operating income | $2,000 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.13% |
| Cost of funding earning assets | 1.19% |
| Net interest margin | 3.95% |
| Noninterest income to earning assets | 0.87% |
| Noninterest expense to earning assets | 3.00% |
| Net operating income to assets | 0.90% |
| Return on assets (ROA) | 0.90% |
| Pretax return on assets | 1.38% |
| Return on equity (ROE) | 9.61% |
| Retained earnings to average equity (YTD only) | 8.44% |
| Net charge-offs to loans | 0.23% |
| Credit loss provision to net charge-offs | 167.77% |
| Efficiency ratio | 9.65% |
| Assets per employee | $62,062 |
| Cash dividends to net income (YTD only) | 4.08% |
| Condition Ratios (%) | |
| Loss allowance to loans | 12.25% |
| Loss allowance to noncurrent loans | 1.31% |
| Noncurrent assets plus other real estate owned to assets | 75.51% |
| Noncurrent loans to loans | 1.37% |
| Net loans and leases to deposits | 1.74% |
| Net loans and leases to core deposits | 81.04% |
| Equity capital to assets | 85.23% |
| Core capital (leverage) ratio | 9.39% |
| Tier 1 risk-based capital ratio | 9.09% |
| Total risk-based capital ratio | 11.16% |
| Memoranda | |
| Average assets | $12 |
| Average earning assets | $1,820,657 |
| Average equity | $169,855 |
| Average loans | $1,686,815 |
| Total Fiduciary and Related Assets (December 31, 2011) (Dollar figures in thousands) | |
| Total fiduciary and related assets | $1 |
| Number of Fiduciary Accounts and Related Asset Accounts | 1 |
| Fiduciary powers granted | Yes |
| Fiduciary or related activity | Yes |
| Managed Assets | $242,885 |
| Number of Accounts | 1 |
| Personal trust and agency accounts | $175,894 |
| Employee benefit-defined contribution accounts | $76,080 |
| Employee benefit-defined benefit accounts | $0 |
| Other retirement accounts | $0 |
| Corporate trust and agency accounts | $0 |
| Investment management agency accounts | $0 |
| Other fiduciary accounts | $77,298 |
| Fiduciary accounts held in foreign offices | $22,516 |
| Non-managed Assets | $0 |
| Number of Accounts | 286 |
| Personal trust and agency accounts | $0 |
| Employee benefit-defined contribution accounts | $0 |
| Employee benefit-defined benefit accounts | $0 |
| Other retirement accounts | $66,991 |
| Corporate trust and agency accounts | $29,034 |
| Other fiduciary accounts | $37,042 |
| Fiduciary accounts held in foreign offices | $0 |
| Bank Assets Sold and Securitized (December 31, 2005) (Dollar figures in thousands) | |
| Principal balance with servicing or other recourse retained | |
| 1-4 family residential loans | $0 |
| Home equity lines | $0 |
| Credit cards receivables | $2,158 |
| Auto loans | $0 |
| Other consumer loans | $0 |
| Commercial and industrial loans | $0 |
| 8 North Dakota Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 19 | 2566 | First National Bank Branch | 121 North Main Street, Hettinger, ND 58639 | January 01, 1908 | Full Service Brick and Mortar |  |
| 22 | 5715 | Regent Branch | Main Street, Regent, ND 58650 | January 01, 1910 | Full Service Brick and Mortar | |
| 23 | 5712 | Dacotah Bank-Valley City Branch | 240 Third Street, Northwest, Valley City, ND 58072 | May 04, 1909 | Full Service Brick and Mortar | |
| 24 | 10376 | Dacotah Bank Rolla Branch | 15 Main Avenue East, Rolla, ND 58367 | January 01, 1888 | Full Service Brick and Mortar | |
| 25 | 237557 | Paying & Receiving Station Facility | Turtle Mountain Shopping Center, Belcourt, ND 58316 | May 15, 1979 | Full Service Brick and Mortar | |
| 26 | 2548 | Bowbells Branch | 15 Main Street, Bowbells, ND 58721 | November 01, 1903 | Full Service Brick and Mortar | |
| 30 | 442340 | Dacotah Bank Minot Downtown Branch | 1121 South Broadway, Minot, ND 58701 | September 01, 2004 | Full Service Brick and Mortar | |
| 32 | 452615 | Dacotah Bank Dickinson Branch | 410 West Villard, Dickinson, ND 58602 | March 28, 2006 | Full Service Brick and Mortar | |
| 24 South Dakota Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 11430 | Dacotah Bank | 308 South Main Street, Aberdeen, SD 57401 | April 30, 1955 | Full Service Brick and Mortar |  |
| 1 | 366 | First Avenue Branch | 323 First Avenue East, Sisseton, SD 57262 | July 01, 1913 | Full Service Brick and Mortar | |
| 2 | 181725 | New Effington Branch | Main Street, New Effington, SD 57255 | December 18, 1978 | Full Service Brick and Mortar | |
| 3 | 8024 | Cresbard Branch | Main Street, Cresbard, SD 57435 | January 01, 1906 | Full Service Brick and Mortar | |
| 4 | 241711 | Sioux Falls Branch | 1707 South Marion Road, Sioux Falls, SD 57106 | July 15, 1991 | Full Service Brick and Mortar | |
| 5 | 241712 | Phillips Centre Branch | 300 South Phillips Avenue, Sioux Falls, SD 57104 | December 04, 1995 | Full Service Brick and Mortar | |
| 6 | 356 | 600 Main Branch | 600 Main, Webster, SD 57274 | January 02, 1897 | Full Service Brick and Mortar | |
| 7 | 181721 | Roslyn Branch | Main Street, Roslyn, SD 57261 | Febuary 01, 1967 | Full Service Brick and Mortar | |
| 8 | 9654 | 117 8th Avenue South Branch | 117 8th Avenue South, Faulkton, SD 57438 | December 06, 1935 | Full Service Brick and Mortar | |
| 9 | 1102 | 320 Main Street Branch | 320 Main Street, Mobridge, SD 57601 | October 01, 1910 | Full Service Brick and Mortar | |
| 10 | 4097 | 321 Main Street Branch | 321 Main Avenue, Lemmon, SD 57638 | January 01, 1920 | Full Service Brick and Mortar | |
| 11 | 208668 | Bison Branch | Main Avenue, Bison, SD 57620 | August 21, 1944 | Full Service Brick and Mortar | |
| 12 | 7106 | 113 North Commercial Branch | 113 North Commercial Street, Clark, SD 57225 | January 01, 1922 | Full Service Brick and Mortar | |
| 13 | 224081 | Bradley Branch | Main Street, Bradley, SD 57217 | January 01, 1936 | Full Service Brick and Mortar | |
| 14 | 224083 | Willow Lake Branch | Main Street, Willow Lake, SD 57278 | October 02, 1939 | Full Service Brick and Mortar | |
| 15 | 224084 | Henry Branch | 111 Main Street, Henry, SD 57243 | November 04, 1974 | Full Service Brick and Mortar | |
| 16 | 224085 | Watertown Branch | 1310 9th Avenue Southeast, Watertown, SD 57201 | March 25, 1991 | Full Service Brick and Mortar | |
| 17 | 241713 | Dacotah Bank | 3312 6th Ave Se, Aberdeen, SD 57401 | June 21, 1999 | Full Service Brick and Mortar | |
| 18 | 340674 | Rapid City - 5th Street Office Branc | 3535 5th Street, Rapid City, SD 57701 | January 10, 2000 | Full Service Brick and Mortar | |
| 29 | 442339 | Dacotah Bank Rapid City Downtown Bra | 125 Main Street, Rapid City, SD 57701 | December 29, 2004 | Full Service Brick and Mortar | |
| 31 | 442341 | Dacotah Bank Sioux Falls East Branch | 3302 East 10th St, Sioux Falls, SD 57103 | October 13, 2004 | Full Service Brick and Mortar | |
| 33 | 465918 | Dacotah Bank Sioux Falls South Branc | 1209 East 57th Street, Sioux Falls, SD 57108 | May 07, 2007 | Full Service Brick and Mortar | |
| 34 | 5752 | Brookings Branch | 1411 6th Street, Brookings, SD 57006 | March 28, 1928 | Full Service Brick and Mortar | |
| 35 | 478875 | Dacotah Bank Custer Branch | 35 S 6th St, Custer, SD 57730 | January 28, 2008 | Full Service Brick and Mortar | |
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BankEncyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.