First Bank & Trust in Sioux Falls, South Dakota (SD)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Bank & Trust - Overview

  • General
  • FDIC Certificate #: 27078
    Status: Active
    Federal Reserve ID: 550756
    Bank Holding Company (Regulatory Top Holder): Fishback Financial Corporation (RSSDID: 1123072, Location: Brookings, SD)
    Date Established: October 31, 1987
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 6 (Domestic: 6, Interstate: No)
    OTS Docket #: 11955
    FDIC's unique #: 38723
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: October 31, 1987
    Last Structure Change Effective Date: July 01, 2009
    Last Structure Change Process Date: September 11, 2009
    Last Data Update: September 11, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 110 North Minnesota Avenue, Sioux Falls, SD 57104
    County: Minnehaha
    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)
  • History of Changes
  • Name Change
    Change in Primary Regulatory Agency
    Change in Supervisory Agency
  • Financial Summary
  • Total assets: $435.9 mil
    Equity capital: $56.2 mil
    Deposits held in domestic offices: $360.4 mil
    Return on assets (ROA): 1.07% ($4.7 mil)
    Quarterly return on assets: 1.07% ($4.7 mil)
    Return on Equity (ROE): 8.16% ($4.6 mil)
    Quarterly return on equity: 8.27% ($4.6 mil)
    Net income: $4.5 mil
    Quarterly Net income: $1.2 mil
    Pretax return on assets: 1.55% ($6,757.1 mil)
    Quarterly Pretax return on assets: 1.55% ($6,757.1 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, 2011)

  • Dollar figures in thousands
  • 81Total employees (full-time equivalent)
  • $435,944Total assets
  • $21,452Cash and due from depository institutions
  • $8,070Interest-bearing balances
  • $37,390Securities
  • $1,698Federal funds sold & reverse repurchase agreements
  • $329,722Net loans & leases
  • $4,036Loan loss allowance
  • $0Trading account assets
  • $10,610Bank premises and fixed assets
  • $2,744Other real estate owned
  • $19,582Goodwill and other intangibles
  • $435,944Life insurance assets
  • $12,746All other assets
  • $379,767Total liabilities and capital
  • $360,396Total liabilities
  • $307,839Total deposits
  • $360,396Interest-bearing deposits
  • $79Deposits held in domestic offices
  • 5350.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $8,000Trading liabilities
  • $0Other borrowed funds
  • $6,021Subordinated debt
  • $56,177All other liabilities
  • $56,177Total equity capital
  • $56,177Total bank equity capital
  • $0Perpetual preferred stock
  • $2,000Common stock
  • $45,773Surplus
  • $8,404Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $8,524Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,465Income earned, not collected on loans
  • $35Earning assets
  • $2,497Long-term assets (5+ years)
  • $376,880Average Assets, year-to-date
  • $81,358Average Assets, quarterly
  • $417,395Volatile liabilities
  • $432,090Insider loans
  • $366,416FHLB advances
  • $409,494Loans and leases held for sale
  • $6,614Unused loan commitments
  • $6,614Tier 1 (core) risk-based capital
  • $38,232Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $60,301Restructured Loans and leases
  • $1,345Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $21,813Total interest income
  • $4,605Total interest expense
  • $17,208Net interest income
  • $397Provision for loan and lease losses
  • $4,369Total noninterest income
  • $525Fiduciary activities
  • $1,285Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,559Additional noninterest income
  • $14,697Total noninterest expense
  • $6,486Salaries and employee benefits
  • $1,666Premises and equipment expense
  • $6,545Additional noninterest expense
  • $6,483Pre-tax net operating income
  • $0Securities gains (losses)
  • $2,004Applicable income taxes
  • $4,479Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,479Net income attributable to bank
  • $0Net charge-offs
  • $4,479Cash dividends
  • $99Sale, conversion, retirement of capital stock, net
  • $2,550Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.02%Yield on earning assets
  • 1.27%Cost of funding earning assets
  • 4.75%Net interest margin
  • 1.21%Noninterest income to earning assets
  • 4.05%Noninterest expense to earning assets
  • 1.07%Net operating income to assets
  • 1.07%Return on assets (ROA)
  • 1.55%Pretax return on assets
  • 8.16%Return on equity (ROE)
  • 3.51%Retained earnings to average equity (YTD only)
  • 0.03%Net charge-offs to loans
  • 401.01%Credit loss provision to net charge-offs
  • 69.49%Efficiency ratio
  • 66,038Assets per employee
  • 5.38%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 56.93%Loss allowance to loans
  • 1.21%Loss allowance to noncurrent loans
  • 275.49%Noncurrent assets plus other real estate owned to assets
  • 0.97%Noncurrent loans to loans
  • 0.44%Net loans and leases to deposits
  • 91.49%Net loans and leases to core deposits
  • 103.10%Equity capital to assets
  • 12.89%Core capital (leverage) ratio
  • 9.34%Tier 1 risk-based capital ratio
  • 10.43%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $417,395Average earning assets
  • $54,884Average equity
  • $362,457Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $155,691Managed Assets
  • 1Number of Accounts
  • $132,506Personal trust and agency accounts
  • $88,713Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $1,654Corporate trust and agency accounts
  • $128Investment management agency accounts
  • $40,113Other fiduciary accounts
  • $1,898Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 298Number of Accounts
  • $0Personal trust and agency accounts
  • $1,654Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $23,185Other retirement accounts
  • $15,028Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $7,867Fiduciary accounts held in foreign offices

List of branches

  • 6 South Dakota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    038723First Bank & Trust110 North Minnesota Avenue, Sioux Falls, SD 57104October 31, 1987Full Service Brick and Mortar
    66354402 East Fifth Street Branch402 East Fifth Street, Canton, SD 57013Febuary 04, 1899Full Service Brick and Mortar
    10360296Sioux Falls Courier Branch133 South Main Avenue, Sioux Falls, SD 57101April 05, 2001Limited Service Messenger
    11365289Watertown Branch1120 9th Avenue Se, Watertown, SD 57201April 24, 2002Full Service Brick and Mortar
    13443929Madison Branch120 North Egan Avenue, Madison, SD 57042October 04, 2004Full Service Brick and Mortar
    14458096Sioux Falls I-229 & 57th Street Bran2300 West 57th Street, Sioux Falls, SD 57108November 06, 2006Full Service Brick and Mortar

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