Department Stores National Bank in Sioux Falls, South Dakota (SD)
Overview, Financial Summary, Detailed Financial Reports, Branches


Department Stores National Bank - Overview

  • General
  • 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
  • NoIDNameAddressEstablishedService TypeMap
    0441397Department Stores National Bank701 East 60th Street, Sioux Falls, SD 57104October 24, 2005Full Service Brick and Mortar

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