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

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

  • General
  • FDIC Certificate #: 1682
    Status: Active
    Federal Reserve ID: 74159
    Bank Holding Company (Regulatory Top Holder): Blunt Bank Holding Company (RSSDID: 1399523, Location: Blunt, SD)
    Date Established: December 19, 1907
    WWW: http://www.dakotastatebank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 11681
    FDIC's unique #: 1105
    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: 211 N Main Street, Blunt, SD 57522
    County: Hughes
    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): Pierre, SD (#38180)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $31.6 mil
    Equity capital: $3.0 mil
    Deposits held in domestic offices: $27.6 mil
    Return on assets (ROA): 1.44% ($0.5 mil)
    Quarterly return on assets: 1.20% ($0.4 mil)
    Return on Equity (ROE): 14.58% ($0.4 mil)
    Quarterly return on equity: 12.31% ($0.4 mil)
    Net income: $0.4 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 1.50% ($474.4 mil)
    Quarterly Pretax return on assets: 1.27% ($401.7 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
  • 12Total employees (full-time equivalent)
  • $31,626Total assets
  • $945Cash and due from depository institutions
  • $0Interest-bearing balances
  • $7,062Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $21,516Net loans & leases
  • $215Loan loss allowance
  • $0Trading account assets
  • $260Bank premises and fixed assets
  • $180Other real estate owned
  • $0Goodwill and other intangibles
  • $31,626Life insurance assets
  • $1,663All other assets
  • $28,637Total liabilities and capital
  • $27,627Total liabilities
  • $19,439Total deposits
  • $27,627Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $934Trading liabilities
  • $0Other borrowed funds
  • $76Subordinated debt
  • $2,989All other liabilities
  • $2,989Total equity capital
  • $2,989Total bank equity capital
  • $0Perpetual preferred stock
  • $100Common stock
  • $2,350Surplus
  • $539Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $381Income earned, not collected on loans
  • $0Earning assets
  • $316Long-term assets (5+ years)
  • $28,578Average Assets, year-to-date
  • $10,356Average Assets, quarterly
  • $31,074Volatile liabilities
  • $31,755Insider loans
  • $22,223FHLB advances
  • $31,738Loans and leases held for sale
  • $995Unused loan commitments
  • $995Tier 1 (core) risk-based capital
  • $2,714Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $3,776Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,736Total interest income
  • $230Total interest expense
  • $1,506Net interest income
  • -$10Provision for loan and lease losses
  • $78Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $78Additional noninterest income
  • $1,129Total noninterest expense
  • $581Salaries and employee benefits
  • $169Premises and equipment expense
  • $379Additional noninterest expense
  • $465Pre-tax net operating income
  • $0Securities gains (losses)
  • $19Applicable income taxes
  • $446Income before extraordinary items
  • $0Extraordinary gains - net
  • $446Net income attributable to bank
  • $0Net charge-offs
  • $446Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $648Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.27%Yield on earning assets
  • 0.83%Cost of funding earning assets
  • 5.44%Net interest margin
  • 0.28%Noninterest income to earning assets
  • 4.08%Noninterest expense to earning assets
  • 1.44%Net operating income to assets
  • 1.44%Return on assets (ROA)
  • 1.50%Pretax return on assets
  • 14.58%Return on equity (ROE)
  • -6.60%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 71,275Assets per employee
  • 2.64%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 145.29%Loss allowance to loans
  • 0.99%Loss allowance to noncurrent loans
  • 56.43%Noncurrent assets plus other real estate owned to assets
  • 1.77%Noncurrent loans to loans
  • 1.75%Net loans and leases to deposits
  • 77.88%Net loans and leases to core deposits
  • 82.04%Equity capital to assets
  • 9.45%Core capital (leverage) ratio
  • 8.55%Tier 1 risk-based capital ratio
  • 12.21%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $31,074Average earning assets
  • $3,059Average equity
  • $27,702Average loans

List of branches

  • 2 South Dakota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    01105Dakota State Bank211 N Main Street, Blunt, SD 57522December 19, 1907Full Service Brick and Mortar
    1441878Pierre Branch315 S Ree Street, Pierre, SD 57501August 22, 2002Full Service Brick and Mortar

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