Dacotah Bank in Aberdeen, South Dakota (SD), ND
Overview, Financial Summary, Detailed Financial Reports, Branches


Dacotah Bank - Overview

  • 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)

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

2000 - 2011 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, 2011)

  • Dollar figures in thousands
  • 466Total employees (full-time equivalent)
  • $1,902,620Total assets
  • $122,376Cash and due from depository institutions
  • $72,857Interest-bearing balances
  • $316,409Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $1,364,762Net loans & leases
  • $18,180Loan loss allowance
  • $0Trading account assets
  • $43,037Bank premises and fixed assets
  • $1,975Other real estate owned
  • $7,476Goodwill and other intangibles
  • $1,902,620Life insurance assets
  • $46,585All other assets
  • $1,723,957Total liabilities and capital
  • $1,683,979Total liabilities
  • $1,545,164Total deposits
  • $1,683,979Interest-bearing deposits
  • $78Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $25,008Trading liabilities
  • $0Other borrowed funds
  • $14,970Subordinated debt
  • $178,663All other liabilities
  • $178,663Total equity capital
  • $178,663Total bank equity capital
  • $0Perpetual preferred stock
  • $10,765Common stock
  • $52,003Surplus
  • $115,895Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $2,887Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $24,075Income earned, not collected on loans
  • $295Earning assets
  • $18,364Long-term assets (5+ years)
  • $1,754,028Average Assets, year-to-date
  • $197,137Average Assets, quarterly
  • $1,820,657Volatile liabilities
  • $1,859,399Insider loans
  • $1,517,669FHLB advances
  • $1,863,012Loans and leases held for sale
  • $7,202Unused loan commitments
  • $7,202Tier 1 (core) risk-based capital
  • $169,352Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $304,884Restructured Loans and leases
  • $6,594Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $86,585Total interest income
  • $20,016Total interest expense
  • $66,569Net interest income
  • $5,300Provision for loan and lease losses
  • $14,596Total noninterest income
  • $912Fiduciary activities
  • $4,259Service charges on deposit accounts
  • $0Trading account gains & fees
  • $9,425Additional noninterest income
  • $50,685Total noninterest expense
  • $28,652Salaries and employee benefits
  • $5,077Premises and equipment expense
  • $16,956Additional noninterest expense
  • $25,180Pre-tax net operating income
  • $36Securities gains (losses)
  • $8,886Applicable income taxes
  • $16,330Income before extraordinary items
  • $0Extraordinary gains - net
  • $16,330Net income attributable to bank
  • $0Net charge-offs
  • $16,330Cash dividends
  • $3,159Sale, conversion, retirement of capital stock, net
  • $2,000Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.13%Yield on earning assets
  • 1.19%Cost of funding earning assets
  • 3.95%Net interest margin
  • 0.87%Noninterest income to earning assets
  • 3.00%Noninterest expense to earning assets
  • 0.90%Net operating income to assets
  • 0.90%Return on assets (ROA)
  • 1.38%Pretax return on assets
  • 9.61%Return on equity (ROE)
  • 8.44%Retained earnings to average equity (YTD only)
  • 0.23%Net charge-offs to loans
  • 167.77%Credit loss provision to net charge-offs
  • 9.65%Efficiency ratio
  • 62,062Assets per employee
  • 4.08%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 12.25%Loss allowance to loans
  • 1.31%Loss allowance to noncurrent loans
  • 75.51%Noncurrent assets plus other real estate owned to assets
  • 1.37%Noncurrent loans to loans
  • 1.74%Net loans and leases to deposits
  • 81.04%Net loans and leases to core deposits
  • 85.23%Equity capital to assets
  • 9.39%Core capital (leverage) ratio
  • 9.09%Tier 1 risk-based capital ratio
  • 11.16%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $1,820,657Average earning assets
  • $169,855Average equity
  • $1,686,815Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $242,885Managed Assets
  • 1Number of Accounts
  • $175,894Personal trust and agency accounts
  • $76,080Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $77,298Other fiduciary accounts
  • $22,516Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 286Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $66,991Other retirement accounts
  • $29,034Corporate trust and agency accounts
  • $37,042Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

Bank Assets Sold and Securitized (December 31, 2005)

  • Dollar figures in thousands
  • Principal balance with servicing or other recourse retained
  • $01-4 family residential loans
  • $0Home equity lines
  • $2,158Credit cards receivables
  • $0Auto loans
  • $0Other consumer loans
  • $0Commercial and industrial loans

List of branches

  • 8 North Dakota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    192566First National Bank Branch121 North Main Street, Hettinger, ND 58639January 01, 1908Full Service Brick and Mortar
    225715Regent BranchMain Street, Regent, ND 58650January 01, 1910Full Service Brick and Mortar
    235712Dacotah Bank-Valley City Branch240 Third Street, Northwest, Valley City, ND 58072May 04, 1909Full Service Brick and Mortar
    2410376Dacotah Bank Rolla Branch15 Main Avenue East, Rolla, ND 58367January 01, 1888Full Service Brick and Mortar
    25237557Paying & Receiving Station FacilityTurtle Mountain Shopping Center, Belcourt, ND 58316May 15, 1979Full Service Brick and Mortar
    262548Bowbells Branch15 Main Street, Bowbells, ND 58721November 01, 1903Full Service Brick and Mortar
    30442340Dacotah Bank Minot Downtown Branch1121 South Broadway, Minot, ND 58701September 01, 2004Full Service Brick and Mortar
    32452615Dacotah Bank Dickinson Branch410 West Villard, Dickinson, ND 58602March 28, 2006Full Service Brick and Mortar
  • 24 South Dakota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    011430Dacotah Bank308 South Main Street, Aberdeen, SD 57401April 30, 1955Full Service Brick and Mortar
    1366First Avenue Branch323 First Avenue East, Sisseton, SD 57262July 01, 1913Full Service Brick and Mortar
    2181725New Effington BranchMain Street, New Effington, SD 57255December 18, 1978Full Service Brick and Mortar
    38024Cresbard BranchMain Street, Cresbard, SD 57435January 01, 1906Full Service Brick and Mortar
    4241711Sioux Falls Branch1707 South Marion Road, Sioux Falls, SD 57106July 15, 1991Full Service Brick and Mortar
    5241712Phillips Centre Branch300 South Phillips Avenue, Sioux Falls, SD 57104December 04, 1995Full Service Brick and Mortar
    6356600 Main Branch600 Main, Webster, SD 57274January 02, 1897Full Service Brick and Mortar
    7181721Roslyn BranchMain Street, Roslyn, SD 57261Febuary 01, 1967Full Service Brick and Mortar
    89654117 8th Avenue South Branch117 8th Avenue South, Faulkton, SD 57438December 06, 1935Full Service Brick and Mortar
    91102320 Main Street Branch320 Main Street, Mobridge, SD 57601October 01, 1910Full Service Brick and Mortar
    104097321 Main Street Branch321 Main Avenue, Lemmon, SD 57638January 01, 1920Full Service Brick and Mortar
    11208668Bison BranchMain Avenue, Bison, SD 57620August 21, 1944Full Service Brick and Mortar
    127106113 North Commercial Branch113 North Commercial Street, Clark, SD 57225January 01, 1922Full Service Brick and Mortar
    13224081Bradley BranchMain Street, Bradley, SD 57217January 01, 1936Full Service Brick and Mortar
    14224083Willow Lake BranchMain Street, Willow Lake, SD 57278October 02, 1939Full Service Brick and Mortar
    15224084Henry Branch111 Main Street, Henry, SD 57243November 04, 1974Full Service Brick and Mortar
    16224085Watertown Branch1310 9th Avenue Southeast, Watertown, SD 57201March 25, 1991Full Service Brick and Mortar
    17241713Dacotah Bank3312 6th Ave Se, Aberdeen, SD 57401June 21, 1999Full Service Brick and Mortar
    18340674Rapid City - 5th Street Office Branc3535 5th Street, Rapid City, SD 57701January 10, 2000Full Service Brick and Mortar
    29442339Dacotah Bank Rapid City Downtown Bra125 Main Street, Rapid City, SD 57701December 29, 2004Full Service Brick and Mortar
    31442341Dacotah Bank Sioux Falls East Branch3302 East 10th St, Sioux Falls, SD 57103October 13, 2004Full Service Brick and Mortar
    33465918Dacotah Bank Sioux Falls South Branc1209 East 57th Street, Sioux Falls, SD 57108May 07, 2007Full Service Brick and Mortar
    345752Brookings Branch1411 6th Street, Brookings, SD 57006March 28, 1928Full Service Brick and Mortar
    35478875Dacotah Bank Custer Branch35 S 6th St, Custer, SD 57730January 28, 2008Full Service Brick and Mortar

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