FDIC Certificate #: 9939 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First Bank & Trust (#27078) Federal Reserve ID: 466352 Date Established: Febuary 04, 1899 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Interstate: No) FDIC's unique #: 6354 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: August 31, 1998 Last Structure Change Process Date: September 23, 1998 Last Data Update: September 23, 1998 Data Source Date: April 05, 2012
Location
Address: 402 East Fifth Street, Canton, SD 57013 County: Lincoln 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 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)
Financial Summary
Total assets: $25.7 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
16Total employees (full-time equivalent)
$27,211Total assets
$1,783Cash and due from depository institutions
$199Interest-bearing balances
$4,600Securities
$1,625Federal funds sold & reverse repurchase agreements
$18,137Net loans & leases
$213Loan loss allowance
$0Trading account assets
$456Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$610All other assets
$27,211Total liabilities and capital
$24,550Total liabilities
$24,234Total deposits
$21,233Interest-bearing deposits
$24,234Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$316All other liabilities
$2,661Total equity capital
$2,661Total bank equity capital
$2,661Perpetual preferred stock
$0Common stock
$250Surplus
$950Undivided profits
Memoranda
$1,461Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$71Earning assets
$53Long-term assets (5+ years)
$523Average Assets, year-to-date
$24,561Average Assets, quarterly
$3,077Volatile liabilities
$27,454Insider loans
$27,097FHLB advances
$1,896Loans and leases held for sale
$225Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$2,294Total unused commitments
$0Restructured Loans and leases
$20,295Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$2,212Total interest income
$968Total interest expense
$1,244Net interest income
$0Provision for loan and lease losses
$219Total noninterest income
$0Fiduciary activities
$138Service charges on deposit accounts
$0Trading account gains & fees
$81Additional noninterest income
$876Total noninterest expense
$484Salaries and employee benefits
$138Premises and equipment expense
$254Additional noninterest expense
$587Pre-tax net operating income
$1Securities gains (losses)
$188Applicable income taxes
$400Income before extraordinary items
$0Extraordinary gains - net
$400Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$20Sale, conversion, retirement of capital stock, net
$180Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.88%Yield on earning assets
3.89%Cost of funding earning assets
4.99%Net interest margin
0.88%Noninterest income to earning assets
3.52%Noninterest expense to earning assets
1.45%Net operating income to assets
1.46%Return on assets (ROA)
2.14%Pretax return on assets
15.67%Return on equity (ROE)
8.62%Retained earnings to average equity (YTD only)
0.11%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
29.35%Efficiency ratio
59,877Assets per employee
1.70%Cash dividends to net income (YTD only)
Condition Ratios (%)
45.00%Loss allowance to loans
1.16%Loss allowance to noncurrent loans
300.00%Noncurrent assets plus other real estate owned to assets
0.26%Noncurrent loans to loans
0.39%Net loans and leases to deposits
74.84%Net loans and leases to core deposits
81.19%Equity capital to assets
9.78%Core capital (leverage) ratio
9.43%Tier 1 risk-based capital ratio
13.07%Total risk-based capital ratio
Memoranda
$14Average assets
$27,454Average earning assets
$2,552Average equity
$24,907Average loans
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