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

This bank is inactive as of April 01, 2007

Farmers State Bank in Flandreau, South Dakota (SD)
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Farmers State Bank - Overview

General
FDIC Certificate #: 1124
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: The First National Bank in Sioux Falls (#4016)
Federal Reserve ID: 406255
Date Established: January 01, 1911
WWW: http://www.fsbflandreau.com
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 766
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
State Chartered: Yes
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: April 01, 2007
Last Structure Change Process Date: May 31, 2007
Last Data Update: May 31, 2007
Data Source Date: April 05, 2012
Location
Address: 120 East Second Avenue, Flandreau, SD 57028
County: Moody
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: $81.7 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, 2006)

Dollar figures in thousands
12Total employees (full-time equivalent)
$92,976Total assets
$2,734Cash and due from depository institutions
$1,112Interest-bearing balances
$39,293Securities
$0Federal funds sold & reverse repurchase agreements
$47,529Net loans & leases
$638Loan loss allowance
$0Trading account assets
$953Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$148Life insurance assets
$2,467All other assets
$92,976Total liabilities and capital
$85,255Total liabilities
$64,488Total deposits
$56,910Interest-bearing deposits
$64,488Deposits held in domestic offices
0.00%% insured (estimated)
$1,760Federal funds purchased & repurchase agreements
$0Trading liabilities
$18,210Other borrowed funds
$0Subordinated debt
$797All other liabilities
$7,721Total equity capital
$7,721Total bank equity capital
$7,721Perpetual preferred stock
$0Common stock
$350Surplus
$2,700Undivided profits
Memoranda
$4,671Noncurrent loans and leases
$6,257Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$1,007Average Assets, year-to-date
$87,934Average Assets, quarterly
$48,888Volatile liabilities
$95,514Insider loans
$94,317FHLB advances
$16,782Loans and leases held for sale
$279Unused loan commitments
$17,900Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$6,257Total unused commitments
$0Restructured Loans and leases
$599Derivatives

Income and Expense (December 31, 2006)

Dollar figures in thousands
$4,786Total interest income
$2,923Total interest expense
$1,863Net interest income
$0Provision for loan and lease losses
$383Total noninterest income
$0Fiduciary activities
$227Service charges on deposit accounts
$0Trading account gains & fees
$156Additional noninterest income
$1,399Total noninterest expense
$717Salaries and employee benefits
$171Premises and equipment expense
$511Additional noninterest expense
$847Pre-tax net operating income
$0Securities gains (losses)
$113Applicable income taxes
$734Income before extraordinary items
$0Extraordinary gains - net
$734Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$8Sale, conversion, retirement of capital stock, net
$300Net operating income

Performance and Condition Ratios (December 31, 2006)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.31%Yield on earning assets
3.24%Cost of funding earning assets
2.07%Net interest margin
0.43%Noninterest income to earning assets
1.55%Noninterest expense to earning assets
0.77%Net operating income to assets
0.77%Return on assets (ROA)
0.89%Pretax return on assets
10.06%Return on equity (ROE)
5.95%Retained earnings to average equity (YTD only)
-0.02%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
62,289Assets per employee
7.75%Cash dividends to net income (YTD only)
Condition Ratios (%)
40.87%Loss allowance to loans
1.32%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
73.70%Net loans and leases to core deposits
85.60%Equity capital to assets
8.30%Core capital (leverage) ratio
8.48%Tier 1 risk-based capital ratio
17.00%Total risk-based capital ratio
Memoranda
$18Average assets
$95,514Average earning assets
$7,294Average equity
$90,079Average loans

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