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

This bank is inactive as of November 01, 1997

  • Dakota State Bank in Milbank, South Dakota (SD)
  • Show street view No street view available for this location

Dakota State Bank - Overview

  • General
  • FDIC Certificate #: 15627
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Marquette Bank South Dakota, National Association (#6079)
    Federal Reserve ID: 303859
    Date Established: April 01, 1938
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Interstate: No)
    OTS Docket #: 12973
    FDIC's unique #: 9907
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: Yes
    Date of Deposit Insurance: November 14, 1938
    Last Structure Change Effective Date: November 01, 1997
    Last Structure Change Process Date: November 14, 1997
    Last Data Update: November 14, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 301 South Main Street, Milbank, SD 57252
    County: Grant
    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
  • Financial Summary
  • Total assets: $80.9 mil

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

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $28Total assets
  • $79,242Cash and due from depository institutions
  • $1,920Interest-bearing balances
  • $13Securities
  • $24,762Federal funds sold & reverse repurchase agreements
  • $500Net loans & leases
  • $50,423Loan loss allowance
  • $544Trading account assets
  • $0Bank premises and fixed assets
  • $471Other real estate owned
  • $0Goodwill and other intangibles
  • $1,166Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $79,242Total liabilities
  • $72,688Total deposits
  • $67,661Interest-bearing deposits
  • $62,533Deposits held in domestic offices
  • 67661.00%% insured (estimated)
  • $93Federal funds purchased & repurchase agreements
  • $1,211Trading liabilities
  • $0Other borrowed funds
  • $2,388Subordinated debt
  • $0All other liabilities
  • $1,428Total equity capital
  • $1,428Total bank equity capital
  • $6,554Perpetual preferred stock
  • $0Common stock
  • $238Surplus
  • $4,500Undivided profits
  • Memoranda
  • $1,816Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $230Income earned, not collected on loans
  • $635Earning assets
  • $75,698Long-term assets (5+ years)
  • $14,588Average Assets, year-to-date
  • $78,102Average Assets, quarterly
  • $78,916Volatile liabilities
  • $4,664Insider loans
  • $889FHLB advances
  • $0Loans and leases held for sale
  • $771Unused loan commitments
  • $6,016Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $6,539Total risk weighted assets
  • $60,562Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $6,109Total interest expense
  • $3,134Net interest income
  • $2,975Provision for loan and lease losses
  • $50Total noninterest income
  • $773Fiduciary activities
  • $0Service charges on deposit accounts
  • $430Trading account gains & fees
  • $0Additional noninterest income
  • $343Total noninterest expense
  • $1,840Salaries and employee benefits
  • $905Premises and equipment expense
  • $172Additional noninterest expense
  • $763Pre-tax net operating income
  • $1,858Securities gains (losses)
  • $12Applicable income taxes
  • $586Income before extraordinary items
  • $1,284Extraordinary gains - net
  • $0Net income attributable to bank
  • $1,284Net charge-offs
  • $60Cash dividends
  • $600Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.21%Cost of funding earning assets
  • 4.21%Net interest margin
  • 4.00%Noninterest income to earning assets
  • 1.04%Noninterest expense to earning assets
  • 2.47%Net operating income to assets
  • 1.63%Return on assets (ROA)
  • 1.64%Pretax return on assets
  • 2.39%Return on equity (ROE)
  • 20.66%Retained earnings to average equity (YTD only)
  • 11.00%Net charge-offs to loans
  • 0.13%Credit loss provision to net charge-offs
  • 83.33%Efficiency ratio
  • 49,093Assets per employee
  • 2.83%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 46.73%Loss allowance to loans
  • 1.07%Loss allowance to noncurrent loans
  • 236.52%Noncurrent assets plus other real estate owned to assets
  • 0.29%Noncurrent loans to loans
  • 0.45%Net loans and leases to deposits
  • 74.52%Net loans and leases to core deposits
  • 78.12%Equity capital to assets
  • 8.27%Core capital (leverage) ratio
  • 8.24%Tier 1 risk-based capital ratio
  • 10.80%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $78,102Average earning assets
  • $6,216Average equity
  • $74,453Average loans

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