First Bank & Trust in city_name, state_name - Detailed Financial Reports, Location

First Bank & Trust in Brookings, South Dakota (SD)
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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

No	ID	Name	Address	Established	Service Type
0	2584	First Bank & Trust	520 6th Street, Brookings, SD 57006	November 02, 1925	Full Service Brick and Mortar
1	202184	Sixth Street Branch	2220 Sixth Street, Brookings, SD 57006	May 15, 1976	Full Service Brick and Mortar
2	44408	Vermillion Branch	20 East Main St, Vermillion, SD 57069	January 01, 1964	Full Service Brick and Mortar
3	285264	Brookings Mall Branch	700 22nd Avenue South, Brookings, SD 57006	January 01, 1964	Full Service Retail
4	361967	Garretson Branch	644 N. Main Ave, Garretson, SD 57030	September 01, 2000	Full Service Brick and Mortar
5	442588	Walmart Branch	2233 6th Street, Brookings, SD 57006	October 27, 2004	Full Service Retail

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

First Bank & Trust - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Total Fiduciary and Related Assets (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

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

First Bank & Trust - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Total Fiduciary and Related Assets (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

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