Dakota Heritage State Bank in Chancellor, South Dakota (SD)



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Dakota Heritage State Bank routing number info

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Dakota Heritage State Bank
GeneralFDIC Certificate #: 12643
Status: Active
Federal Reserve ID: 100553
Bank Holding Company (Regulatory Top Holder): Midwest Bancshares, Inc. (RSSDID: 4347301, Location: Tyndall, SD)
Date Established: May 26, 1904
WWW: http://www.dakotaheritage.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Domestic: 1, Interstate: No)
OTS Docket #: 15853
FDIC's unique #: 8025
Numeric code: 21
Regulator: FDIC
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: Yes
Asset Concentration Hierarchy: Agricultural Specialization
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
LocationAddress: 221 Main St., Chancellor, SD 57015
County: Turner
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): Sioux Falls, SD (#43620)
CBSA Metro Statistical Area: Sioux Falls, SD (#43620)
History of ChangesChange in Location
Merge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $39.2 mil
Equity capital: $4.8 mil
Deposits held in domestic offices: $33.9 mil
Return on assets (ROA): 2.05% ($0.8 mil)
Quarterly return on assets: 8.04% ($3.1 mil)
Return on Equity (ROE): 17.44% ($0.9 mil)
Quarterly return on equity: 66.25% ($3.3 mil)
Net income: $0.8 mil
Quarterly Net income: $0.8 mil
Pretax return on assets: 2.08% ($816.1 mil)
Quarterly Pretax return on assets: 8.16% ($3,201.7 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)
Total employees (full-time equivalent)10
Total assets$39,236
Cash and due from depository institutions$2,104
Interest-bearing balances$20
Securities$5,840
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$29,045
Loan loss allowance $0
Trading account assets$0
Bank premises and fixed assets$644
Other real estate owned$0
Goodwill and other intangibles$673
All other assets$930
Life insurance assets$39,236
Total liabilities and capital$34,458
Total liabilities$33,895
Total deposits$23,377
Interest-bearing deposits$33,895
Deposits held in domestic offices$95
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$468
Other borrowed funds $0
Subordinated debt $95
All other liabilities $4,778
Total equity capital$4,778
Total bank equity capital$4,778
Perpetual preferred stock$0
Common stock$1,000
Surplus$2,616
Undivided profits $1,162
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $0
Earning assets $0
Long-term assets (5+ years) $482
Average Assets, year-to-date $34,905
Average Assets, quarterly $13,747
Volatile liabilities $37,576
Insider loans $38,399
FHLB advances $31,132
Loans and leases held for sale $38,255
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $4,105
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $6,053
Derivatives$669
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $106
Total interest expense $21
Net interest income $85
Provision for loan and lease losses $0
Total noninterest income $814
Fiduciary activities $0
Service charges on deposit accounts $4
Trading account gains & fees $0
Additional noninterest income $810
Total noninterest expense $116
Salaries and employee benefits $48
Premises and equipment expense $24
Additional noninterest expense $44
Pre-tax net operating income $783
Securities gains (losses) $0
Applicable income taxes $11
Income before extraordinary items $772
Extraordinary gains - net $0
Net income attributable to bank $772
Net charge-offs $0
Cash dividends $772
Sale, conversion, retirement of capital stock, net -$20
Net operating income $105
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets0.31%
Cost of funding earning assets 0.06%
Net interest margin 0.25%
Noninterest income to earning assets 2.37%
Noninterest expense to earning assets 0.34%
Net operating income to assets 2.05%
Return on assets (ROA) 2.05%
Pretax return on assets 2.08%
Return on equity (ROE) 17.44%
Retained earnings to average equity (YTD only) 15.07%
Net charge-offs to loans -0.07%
Credit loss provision to net charge-offs 0.00%
Efficiency ratio0.00%
Assets per employee$12,903
Cash dividends to net income (YTD only)3.92%
Condition Ratios (%)
Loss allowance to loans 13.60%
Loss allowance to noncurrent loans 0.00%
Noncurrent assets plus other real estate owned to assets 0.00%
Noncurrent loans to loans 0.00%
Net loans and leases to deposits0.00%
Net loans and leases to core deposits 85.69%
Equity capital to assets 96.28%
Core capital (leverage) ratio 12.18%
Tier 1 risk-based capital ratio 10.73%
Total risk-based capital ratio 13.19%
Memoranda
Average assets$13
Average earning assets$37,576
Average equity $4,427
Average loans $34,287
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1 South Dakota Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
08025Dakota Heritage State Bank221 Main St., Chancellor, SD 57015May 26, 1904Full Service Brick and Mortar
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