FDIC 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
Location
Address: 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 Changes
Change in Location
Merge BIF and SAIF Funds into DIF
Financial Summary
Total 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
10Total employees (full-time equivalent)
$39,236Total assets
$2,104Cash and due from depository institutions
$20Interest-bearing balances
$5,840Securities
$0Federal funds sold & reverse repurchase agreements
$29,045Net loans & leases
$0Loan loss allowance
$0Trading account assets
$644Bank premises and fixed assets
$0Other real estate owned
$673Goodwill and other intangibles
$39,236Life insurance assets
$930All other assets
$34,458Total liabilities and capital
$33,895Total liabilities
$23,377Total deposits
$33,895Interest-bearing deposits
$95Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$468Trading liabilities
$0Other borrowed funds
$95Subordinated debt
$4,778All other liabilities
$4,778Total equity capital
$4,778Total bank equity capital
$0Perpetual preferred stock
$1,000Common stock
$2,616Surplus
$1,162Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$482Long-term assets (5+ years)
$34,905Average Assets, year-to-date
$13,747Average Assets, quarterly
$37,576Volatile liabilities
$38,399Insider loans
$31,132FHLB advances
$38,255Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$4,105Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$6,053Restructured Loans and leases
$669Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$106Total interest income
$21Total interest expense
$85Net interest income
$0Provision for loan and lease losses
$814Total noninterest income
$0Fiduciary activities
$4Service charges on deposit accounts
$0Trading account gains & fees
$810Additional noninterest income
$116Total noninterest expense
$48Salaries and employee benefits
$24Premises and equipment expense
$44Additional noninterest expense
$783Pre-tax net operating income
$0Securities gains (losses)
$11Applicable income taxes
$772Income before extraordinary items
$0Extraordinary gains - net
$772Net income attributable to bank
$0Net charge-offs
$772Cash dividends
-$20Sale, conversion, retirement of capital stock, net
$105Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
0.31%Yield on earning assets
0.06%Cost of funding earning assets
0.25%Net interest margin
2.37%Noninterest income to earning assets
0.34%Noninterest expense to earning assets
2.05%Net operating income to assets
2.05%Return on assets (ROA)
2.08%Pretax return on assets
17.44%Return on equity (ROE)
15.07%Retained earnings to average equity (YTD only)
-0.07%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
12,903Assets per employee
3.92%Cash dividends to net income (YTD only)
Condition Ratios (%)
13.60%Loss allowance to loans
0.00%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 deposits
85.69%Net loans and leases to core deposits
96.28%Equity capital to assets
12.18%Core capital (leverage) ratio
10.73%Tier 1 risk-based capital ratio
13.19%Total risk-based capital ratio
Memoranda
$13Average assets
$37,576Average earning assets
$4,427Average equity
$34,287Average loans
List of branches
1 South Dakota Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
8025
Dakota Heritage State Bank
221 Main St., Chancellor, SD 57015
May 26, 1904
Full Service Brick and Mortar
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