FDIC Certificate #: 58180 Status: Active Federal Reserve ID: 3382547 Bank Holding Company (Regulatory Top Holder): Citigroup Inc. (RSSDID: 1951350, Location: New York, NY) Date Established: October 24, 2005 Trust Powers Granted: No Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 441397 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: No Subchapter S Corporations: No Directly owned by another bank (CERT):#58180 Asset Concentration Hierarchy: Other Specialized Lending < 1 Billion Date of Deposit Insurance: October 24, 2005 Last Structure Change Effective Date: November 23, 2008 Last Structure Change Process Date: March 04, 2009 Last Data Update: March 04, 2009 Data Source Date: April 05, 2012
Location
Address: 701 East 60th Street, Sioux Falls, SD 57104 County: Minnehaha Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: New York FDIC Field Office: Sioux Falls Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: West Metropolitan Statistical Area (MSA): Sioux Falls, SD (#7760) Core Based Statistical Area (CBSA): Sioux Falls, SD (#43620) CBSA Metro Statistical Area: Sioux Falls, SD (#43620)
History of Changes
Participated in Open Bank Assistance
Financial Summary
Total assets: $392.4 mil Equity capital: $55.0 mil Deposits held in domestic offices: $300.5 mil Return on assets (ROA): 2.49% ($9.8 mil) Quarterly return on assets: 8.76% ($34.3 mil) Return on Equity (ROE): 19.51% ($10.7 mil) Quarterly return on equity: 66.50% ($36.6 mil) Net income: $9.5 mil Quarterly Net income: $8.4 mil Pretax return on assets: 3.52% ($13,812.4 mil) Quarterly Pretax return on assets: 12.23% ($47,990.3 mil)
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 2011)
Dollar figures in thousands
0Total employees (full-time equivalent)
$392,398Total assets
$239Cash and due from depository institutions
$0Interest-bearing balances
$0Securities
$281,656Federal funds sold & reverse repurchase agreements
$95,271Net loans & leases
$5,418Loan loss allowance
$0Trading account assets
$0Bank premises and fixed assets
$0Other real estate owned
$3,987Goodwill and other intangibles
$392,398Life insurance assets
$11,245All other assets
$337,356Total liabilities and capital
$300,515Total liabilities
$300,000Total deposits
$300,515Interest-bearing deposits
$1Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$36,841Subordinated debt
$55,042All other liabilities
$55,042Total equity capital
$55,042Total bank equity capital
$0Perpetual preferred stock
$0Common stock
$29,000Surplus
$26,042Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1,348Income earned, not collected on loans
$0Earning assets
$2Long-term assets (5+ years)
$376,927Average Assets, year-to-date
$0Average Assets, quarterly
$379,243Volatile liabilities
$385,640Insider loans
$167,397FHLB advances
$456,945Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$55,042Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$83,528,349Restructured Loans and leases
$358Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$16,266Total interest income
$5,352Total interest expense
$10,914Net interest income
$1,139Provision for loan and lease losses
$6,879Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$6,879Additional noninterest income
$3,301Total noninterest expense
$0Salaries and employee benefits
$0Premises and equipment expense
$3,301Additional noninterest expense
$13,353Pre-tax net operating income
$0Securities gains (losses)
$3,894Applicable income taxes
$9,459Income before extraordinary items
$0Extraordinary gains - net
$9,459Net income attributable to bank
$0Net charge-offs
$9,459Cash dividends
$3,073Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.68%Yield on earning assets
1.54%Cost of funding earning assets
3.14%Net interest margin
1.98%Noninterest income to earning assets
0.95%Noninterest expense to earning assets
2.49%Net operating income to assets
2.49%Return on assets (ROA)
3.52%Pretax return on assets
19.51%Return on equity (ROE)
19.51%Retained earnings to average equity (YTD only)
3.78%Net charge-offs to loans
37.06%Credit loss provision to net charge-offs
4.72%Efficiency ratio
15,264Assets per employee
0.00%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
5.38%Loss allowance to noncurrent loans
401.93%Noncurrent assets plus other real estate owned to assets
0.34%Noncurrent loans to loans
1.34%Net loans and leases to deposits
31.70%Net loans and leases to core deposits
18499.22%Equity capital to assets
14.03%Core capital (leverage) ratio
12.05%Tier 1 risk-based capital ratio
32.88%Total risk-based capital ratio
Memoranda
$34Average assets
$379,243Average earning assets
$48,474Average equity
$347,868Average loans
List of branches
1 South Dakota Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
441397
Department Stores National Bank
701 East 60th Street, Sioux Falls, SD 57104
October 24, 2005
Full Service Brick and Mortar
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