Dakota State Bank in Blunt, South Dakota (SD)



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Dakota State Bank routing number info

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Dakota State Bank
GeneralFDIC 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
LocationAddress: 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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)12
Total assets$31,626
Cash and due from depository institutions$945
Interest-bearing balances$0
Securities$7,062
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$21,516
Loan loss allowance $215
Trading account assets$0
Bank premises and fixed assets$260
Other real estate owned$180
Goodwill and other intangibles$0
All other assets$1,663
Life insurance assets$31,626
Total liabilities and capital$28,637
Total liabilities$27,627
Total deposits$19,439
Interest-bearing deposits$27,627
Deposits held in domestic offices$94
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$934
Other borrowed funds $0
Subordinated debt $76
All other liabilities $2,989
Total equity capital$2,989
Total bank equity capital$2,989
Perpetual preferred stock$0
Common stock$100
Surplus$2,350
Undivided profits $539
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $381
Earning assets $0
Long-term assets (5+ years) $316
Average Assets, year-to-date $28,578
Average Assets, quarterly $10,356
Volatile liabilities $31,074
Insider loans $31,755
FHLB advances $22,223
Loans and leases held for sale $31,738
Unused loan commitments $995
Tier 1 (core) risk-based capital $995
Tier 2 risk-based capital $2,714
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $3,776
Derivatives$0
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $1,736
Total interest expense $230
Net interest income $1,506
Provision for loan and lease losses -$10
Total noninterest income $78
Fiduciary activities $0
Service charges on deposit accounts $0
Trading account gains & fees $0
Additional noninterest income $78
Total noninterest expense $1,129
Salaries and employee benefits $581
Premises and equipment expense $169
Additional noninterest expense $379
Pre-tax net operating income $465
Securities gains (losses) $0
Applicable income taxes $19
Income before extraordinary items $446
Extraordinary gains - net $0
Net income attributable to bank $446
Net charge-offs $0
Cash dividends $446
Sale, conversion, retirement of capital stock, net $0
Net operating income $648
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets6.27%
Cost of funding earning assets 0.83%
Net interest margin 5.44%
Noninterest income to earning assets 0.28%
Noninterest expense to earning assets 4.08%
Net operating income to assets 1.44%
Return on assets (ROA) 1.44%
Pretax return on assets 1.50%
Return on equity (ROE) 14.58%
Retained earnings to average equity (YTD only) -6.60%
Net charge-offs to loans 0.00%
Credit loss provision to net charge-offs 0.00%
Efficiency ratio0.00%
Assets per employee$71,275
Cash dividends to net income (YTD only)2.64%
Condition Ratios (%)
Loss allowance to loans 145.29%
Loss allowance to noncurrent loans 0.99%
Noncurrent assets plus other real estate owned to assets 56.43%
Noncurrent loans to loans 1.77%
Net loans and leases to deposits1.75%
Net loans and leases to core deposits 77.88%
Equity capital to assets 82.04%
Core capital (leverage) ratio 9.45%
Tier 1 risk-based capital ratio 8.55%
Total risk-based capital ratio 12.21%
Memoranda
Average assets$13
Average earning assets$31,074
Average equity $3,059
Average loans $27,702
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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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