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

This bank is inactive as of January 18, 1994

  • Farmers State Bank of Mellette in Mellette, South Dakota (SD)
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Farmers State Bank of Mellette - Overview

  • General
  • FDIC Certificate #: 12646
    Status: Inactive
    Closing history: Absorption - Without Assistance
    Acquiring institution: American Bank & Trust (#1117)
    Federal Reserve ID: 351654
    Date Established: January 01, 1905
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 8027
    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: January 18, 1994
    Last Structure Change Process Date: January 24, 1994
    Last Data Update: January 24, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: Main Street, Mellette, SD 57461
    County: Spink
    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: $7.1 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $6Total assets
  • $7,143Cash and due from depository institutions
  • $515Interest-bearing balances
  • $22Securities
  • $1,892Federal funds sold & reverse repurchase agreements
  • $1,750Net loans & leases
  • $2,686Loan loss allowance
  • $174Trading account assets
  • $0Bank premises and fixed assets
  • $28Other real estate owned
  • $0Goodwill and other intangibles
  • $272Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $7,143Total liabilities
  • $6,033Total deposits
  • $5,995Interest-bearing deposits
  • $5,317Deposits held in domestic offices
  • 5995.00%% insured (estimated)
  • $96Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $38Total equity capital
  • $38Total bank equity capital
  • $1,110Perpetual preferred stock
  • $0Common stock
  • $30Surplus
  • $470Undivided profits
  • Memoranda
  • $610Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $114Income earned, not collected on loans
  • $74Earning assets
  • $6,350Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $7,040Average Assets, quarterly
  • $7,004Volatile liabilities
  • $0Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $12Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $1,104Total risk weighted assets
  • $3,505Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $439Total interest expense
  • $159Net interest income
  • $280Provision for loan and lease losses
  • $0Total noninterest income
  • $110Fiduciary activities
  • $0Service charges on deposit accounts
  • $68Trading account gains & fees
  • $0Additional noninterest income
  • $42Total noninterest expense
  • $275Salaries and employee benefits
  • $147Premises and equipment expense
  • $33Additional noninterest expense
  • $95Pre-tax net operating income
  • $115Securities gains (losses)
  • $0Applicable income taxes
  • $24Income before extraordinary items
  • $91Extraordinary gains - net
  • $0Net income attributable to bank
  • $91Net charge-offs
  • $15Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 6.92%Cost of funding earning assets
  • 2.51%Net interest margin
  • 4.41%Noninterest income to earning assets
  • 1.73%Noninterest expense to earning assets
  • 4.33%Net operating income to assets
  • 1.29%Return on assets (ROA)
  • 1.29%Pretax return on assets
  • 1.63%Return on equity (ROE)
  • 8.50%Retained earnings to average equity (YTD only)
  • 8.50%Net charge-offs to loans
  • 0.47%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 70,513Assets per employee
  • 1.19%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 6.08%Loss allowance to noncurrent loans
  • 152.63%Noncurrent assets plus other real estate owned to assets
  • 1.60%Noncurrent loans to loans
  • 3.99%Net loans and leases to deposits
  • 44.80%Net loans and leases to core deposits
  • 44.80%Equity capital to assets
  • 15.54%Core capital (leverage) ratio
  • 15.56%Tier 1 risk-based capital ratio
  • 31.50%Total risk-based capital ratio
  • Memoranda
  • $33Average assets
  • $7,040Average earning assets
  • $1,071Average equity
  • $6,346Average loans

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