FDIC Certificate #: 1669 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Farmers State Bank (#1686) Federal Reserve ID: 409957 Date Established: September 01, 1924 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 1097 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: Yes Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: April 01, 2000 Last Structure Change Process Date: June 13, 2000 Last Data Update: June 13, 2000 Data Source Date: April 05, 2012
Location
Address: 140 Main Street, Kaylor, SD 57354 County: Hutchinson 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: $10.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1999)
Dollar figures in thousands
6Total employees (full-time equivalent)
$10,901Total assets
$371Cash and due from depository institutions
$71Interest-bearing balances
$6,466Securities
$875Federal funds sold & reverse repurchase agreements
$2,899Net loans & leases
$147Loan loss allowance
$0Trading account assets
$33Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$257All other assets
$10,901Total liabilities and capital
$8,689Total liabilities
$8,601Total deposits
$7,803Interest-bearing deposits
$8,601Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$88All other liabilities
$2,212Total equity capital
$2,212Total bank equity capital
$2,212Perpetual preferred stock
$0Common stock
$30Surplus
$470Undivided profits
Memoranda
$1,712Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$14Earning assets
$0Long-term assets (5+ years)
$111Average Assets, year-to-date
$10,311Average Assets, quarterly
$75Volatile liabilities
$10,611Insider loans
$10,763FHLB advances
$100Loans and leases held for sale
$6Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$0Restructured Loans and leases
$46Derivatives
Income and Expense (December 31, 1999)
Dollar figures in thousands
$685Total interest income
$349Total interest expense
$336Net interest income
$5Provision for loan and lease losses
$25Total noninterest income
$0Fiduciary activities
$23Service charges on deposit accounts
$0Trading account gains & fees
$2Additional noninterest income
$313Total noninterest expense
$215Salaries and employee benefits
$39Premises and equipment expense
$59Additional noninterest expense
$43Pre-tax net operating income
$0Securities gains (losses)
$8Applicable income taxes
$35Income before extraordinary items
$0Extraordinary gains - net
$35Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$2Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1999)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.82%Yield on earning assets
3.48%Cost of funding earning assets
3.35%Net interest margin
0.25%Noninterest income to earning assets
3.12%Noninterest expense to earning assets
0.33%Net operating income to assets
0.33%Return on assets (ROA)
0.41%Pretax return on assets
1.57%Return on equity (ROE)
1.57%Retained earnings to average equity (YTD only)
-0.06%Net charge-offs to loans
-250.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
86,704Assets per employee
1.82%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
4.83%Loss allowance to noncurrent loans
1050.00%Noncurrent assets plus other real estate owned to assets
0.13%Noncurrent loans to loans
0.46%Net loans and leases to deposits
33.71%Net loans and leases to core deposits
34.10%Equity capital to assets
20.29%Core capital (leverage) ratio
20.54%Tier 1 risk-based capital ratio
63.03%Total risk-based capital ratio
Memoranda
$64Average assets
$10,611Average earning assets
$2,226Average equity
$10,042Average loans
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