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


First Bank & Trust - Overview

  • General
  • FDIC Certificate #: 3973
    Status: Active
    Federal Reserve ID: 77851
    Bank Holding Company (Regulatory Top Holder): Fishback Financial Corporation (RSSDID: 1123072, Location: Brookings, SD)
    Date Established: November 02, 1925
    WWW: http://www.bankeasy.combrookings/
    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 #: 9589
    FDIC's unique #: 2584
    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: January 01, 1934
    Last Structure Change Effective Date: January 08, 2007
    Last Structure Change Process Date: Febuary 05, 2007
    Last Data Update: Febuary 05, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 520 6th Street, Brookings, SD 57006
    County: Brookings
    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
    Core Based Statistical Area (CBSA): Brookings, SD (#15100)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $847.3 mil
    Equity capital: $88.9 mil
    Deposits held in domestic offices: $718.4 mil
    Return on assets (ROA): 1.30% ($11.0 mil)
    Quarterly return on assets: 1.28% ($10.8 mil)
    Return on Equity (ROE): 12.73% ($11.3 mil)
    Quarterly return on equity: 12.15% ($10.8 mil)
    Net income: $10.7 mil
    Quarterly Net income: $2.7 mil
    Pretax return on assets: 1.79% ($15,167.0 mil)
    Quarterly Pretax return on assets: 1.72% ($14,573.9 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
  • 120Total employees (full-time equivalent)
  • $847,317Total assets
  • $33,851Cash and due from depository institutions
  • $22,664Interest-bearing balances
  • $163,137Securities
  • $347Federal funds sold & reverse repurchase agreements
  • $575,038Net loans & leases
  • $8,957Loan loss allowance
  • $0Trading account assets
  • $17,124Bank premises and fixed assets
  • $19,490Other real estate owned
  • $1,931Goodwill and other intangibles
  • $847,317Life insurance assets
  • $36,399All other assets
  • $758,409Total liabilities and capital
  • $718,368Total liabilities
  • $624,881Total deposits
  • $718,368Interest-bearing deposits
  • $83Deposits held in domestic offices
  • 25352.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $6,751Trading liabilities
  • $0Other borrowed funds
  • $7,938Subordinated debt
  • $88,908All other liabilities
  • $88,908Total equity capital
  • $88,908Total bank equity capital
  • $0Perpetual preferred stock
  • $758Common stock
  • $54,041Surplus
  • $34,109Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $1,545Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $7,740Income earned, not collected on loans
  • $26Earning assets
  • $4,885Long-term assets (5+ years)
  • $761,186Average Assets, year-to-date
  • $257,293Average Assets, quarterly
  • $820,664Volatile liabilities
  • $835,101Insider loans
  • $669,675FHLB advances
  • $825,391Loans and leases held for sale
  • $18,766Unused loan commitments
  • $18,766Tier 1 (core) risk-based capital
  • $84,021Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $157,968Restructured Loans and leases
  • $12,475Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $38,705Total interest income
  • $8,932Total interest expense
  • $29,773Net interest income
  • $1,975Provision for loan and lease losses
  • $13,611Total noninterest income
  • $2,428Fiduciary activities
  • $1,844Service charges on deposit accounts
  • $0Trading account gains & fees
  • $9,339Additional noninterest income
  • $26,760Total noninterest expense
  • $7,935Salaries and employee benefits
  • $2,339Premises and equipment expense
  • $16,486Additional noninterest expense
  • $14,649Pre-tax net operating income
  • $0Securities gains (losses)
  • $3,942Applicable income taxes
  • $10,707Income before extraordinary items
  • $0Extraordinary gains - net
  • $10,707Net income attributable to bank
  • $0Net charge-offs
  • $10,707Cash dividends
  • $3,098Sale, conversion, retirement of capital stock, net
  • $4,600Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.22%Yield on earning assets
  • 1.21%Cost of funding earning assets
  • 4.02%Net interest margin
  • 1.84%Noninterest income to earning assets
  • 3.61%Noninterest expense to earning assets
  • 1.30%Net operating income to assets
  • 1.30%Return on assets (ROA)
  • 1.79%Pretax return on assets
  • 12.73%Return on equity (ROE)
  • 7.26%Retained earnings to average equity (YTD only)
  • 0.52%Net charge-offs to loans
  • 63.75%Credit loss provision to net charge-offs
  • 5.37%Efficiency ratio
  • 61,682Assets per employee
  • 7.06%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 42.96%Loss allowance to loans
  • 1.53%Loss allowance to noncurrent loans
  • 115.72%Noncurrent assets plus other real estate owned to assets
  • 3.21%Noncurrent loans to loans
  • 1.33%Net loans and leases to deposits
  • 80.05%Net loans and leases to core deposits
  • 91.93%Equity capital to assets
  • 10.49%Core capital (leverage) ratio
  • 10.18%Tier 1 risk-based capital ratio
  • 12.55%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $820,664Average earning assets
  • $84,118Average equity
  • $741,076Average 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
  • $635,968Managed Assets
  • 1Number of Accounts
  • $430,205Personal trust and agency accounts
  • $112,820Employee benefit-defined contribution accounts
  • $160,857Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $37,717Corporate trust and agency accounts
  • $3Investment management agency accounts
  • $113,282Other fiduciary accounts
  • $5,526Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 1315Number of Accounts
  • $0Personal trust and agency accounts
  • $36,621Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $205,763Other retirement accounts
  • $915Corporate trust and agency accounts
  • $9,759Other fiduciary accounts
  • $30,265Fiduciary accounts held in foreign offices

List of branches

  • 6 South Dakota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    02584First Bank & Trust520 6th Street, Brookings, SD 57006November 02, 1925Full Service Brick and Mortar
    1202184Sixth Street Branch2220 Sixth Street, Brookings, SD 57006May 15, 1976Full Service Brick and Mortar
    244408Vermillion Branch20 East Main St, Vermillion, SD 57069January 01, 1964Full Service Brick and Mortar
    3285264Brookings Mall Branch700 22nd Avenue South, Brookings, SD 57006January 01, 1964Full Service Retail
    4361967Garretson Branch644 N. Main Ave, Garretson, SD 57030September 01, 2000Full Service Brick and Mortar
    5442588Walmart Branch2233 6th Street, Brookings, SD 57006October 27, 2004Full Service Retail

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