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

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Dakota State Bank.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents