Dakota Heritage State Bank in Chancellor, South Dakota (SD)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Dakota Heritage State Bank in Chancellor, South Dakota (SD)
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Dakota Heritage State Bank - Overview

  • General
  • 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
  • NoIDNameAddressEstablishedService TypeMap
    08025Dakota Heritage State Bank221 Main St., Chancellor, SD 57015May 26, 1904Full Service Brick and Mortar

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