FDIC Certificate #: 17821 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Farmers State Bank (#6080) Federal Reserve ID: 199052 Date Established: December 28, 1957 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 11767 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: December 28, 1957 Last Structure Change Effective Date: October 01, 2010 Last Structure Change Process Date: December 02, 2010 Last Data Update: December 02, 2010 Data Source Date: April 05, 2012
Location
Address: 221 Main Street, Stickney, SD 57375 County: Aurora Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Chicago FDIC Field Office: Sioux Falls Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: West
Financial Summary
Total assets: $56.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2009)
Dollar figures in thousands
8Total employees (full-time equivalent)
$53,623Total assets
$6,387Cash and due from depository institutions
$4,325Interest-bearing balances
$4,914Securities
$1,410Federal funds sold & reverse repurchase agreements
$38,072Net loans & leases
$603Loan loss allowance
$0Trading account assets
$380Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$828Life insurance assets
$2,460All other assets
$53,623Total liabilities and capital
$49,093Total liabilities
$44,629Total deposits
$39,633Interest-bearing deposits
$44,629Deposits held in domestic offices
96.57%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$4,183Other borrowed funds
$0Subordinated debt
$281All other liabilities
$4,530Total equity capital
$4,530Total bank equity capital
$4,530Perpetual preferred stock
$0Common stock
$50Surplus
$3,500Undivided profits
Memoranda
$980Noncurrent loans and leases
$14,563Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$536Earning assets
$0Long-term assets (5+ years)
$914Average Assets, year-to-date
$48,721Average Assets, quarterly
$6,819Volatile liabilities
$52,147Insider loans
$52,623FHLB advances
$4,612Loans and leases held for sale
$6Unused loan commitments
$4,183Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$304Total risk weighted assets
$14,563Total unused commitments
$0Restructured Loans and leases
$538Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$2,750Total interest income
$1,081Total interest expense
$1,669Net interest income
$494Provision for loan and lease losses
$131Total noninterest income
$0Fiduciary activities
$89Service charges on deposit accounts
$0Trading account gains & fees
$42Additional noninterest income
$822Total noninterest expense
$438Salaries and employee benefits
$81Premises and equipment expense
$303Additional noninterest expense
$484Pre-tax net operating income
$3Securities gains (losses)
$167Applicable income taxes
$320Income before extraordinary items
$0Extraordinary gains - net
$320Net income attributable to bank
$0Net charge-offs
$320Cash dividends
$417Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.73%Yield on earning assets
2.25%Cost of funding earning assets
3.48%Net interest margin
0.27%Noninterest income to earning assets
1.71%Noninterest expense to earning assets
0.61%Net operating income to assets
0.61%Return on assets (ROA)
0.93%Pretax return on assets
7.33%Return on equity (ROE)
7.33%Retained earnings to average equity (YTD only)
1.01%Net charge-offs to loans
118.47%Credit loss provision to net charge-offs
2.35%Efficiency ratio
45,667Assets per employee
6.70%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.56%Loss allowance to noncurrent loans
112.50%Noncurrent assets plus other real estate owned to assets
1.00%Noncurrent loans to loans
1.39%Net loans and leases to deposits
85.31%Net loans and leases to core deposits
95.14%Equity capital to assets
8.45%Core capital (leverage) ratio
8.33%Tier 1 risk-based capital ratio
10.36%Total risk-based capital ratio
Memoranda
$12Average assets
$52,147Average earning assets
$4,367Average equity
$47,984Average loans
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