First Bank & Trust of Milbank in Milbank, South Dakota (SD)



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First Bank & Trust of Milbank routing number info

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First Bank & Trust of Milbank
GeneralFDIC Certificate #: 26638
Status: Active
Federal Reserve ID: 372556
Bank Holding Company (Regulatory Top Holder): Fishback Financial Corporation (RSSDID: 1123072, Location: Brookings, SD)
Date Established: March 27, 1986
WWW: http://www.bankeasy.commilbank/
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Domestic: 3, Interstate: No)
FDIC's unique #: 35370
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Agricultural lending institution: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: No
Asset Concentration Hierarchy: Agricultural Specialization
Date of Deposit Insurance: March 27, 1986
Last Structure Change Effective Date: January 20, 2007
Last Structure Change Process Date: March 09, 2007
Last Data Update: March 09, 2007
Data Source Date: April 05, 2012
LocationAddress: 215 West Fourth Avenue, Milbank, SD 57252
County: Grant
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
History of ChangesOffice Purchased
Financial SummaryTotal assets: $153.9 mil
Equity capital: $17.7 mil
Deposits held in domestic offices: $132.4 mil
Return on assets (ROA): 0.72% ($1.1 mil)
Quarterly return on assets: 0.90% ($1.4 mil)
Return on Equity (ROE): 5.99% ($1.1 mil)
Quarterly return on equity: 7.44% ($1.3 mil)
Net income: $1.0 mil
Quarterly Net income: $0.3 mil
Pretax return on assets: 0.99% ($1,523.5 mil)
Quarterly Pretax return on assets: 1.27% ($1,954.4 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)
Total employees (full-time equivalent)22
Total assets$153,891
Cash and due from depository institutions$16,024
Interest-bearing balances$9,552
Securities$34,668
Federal funds sold & reverse repurchase agreements$2,142
Net loans & leases$92,717
Loan loss allowance $1,219
Trading account assets$0
Bank premises and fixed assets$1,150
Other real estate owned$2,229
Goodwill and other intangibles$1,619
All other assets$3,342
Life insurance assets$153,891
Total liabilities and capital$136,225
Total liabilities$132,382
Total deposits$105,414
Interest-bearing deposits$132,382
Deposits held in domestic offices$91
% insured (estimated)398.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$2,500
Other borrowed funds $0
Subordinated debt $945
All other liabilities $17,666
Total equity capital$17,666
Total bank equity capital$17,666
Perpetual preferred stock$0
Common stock$50
Surplus$12,850
Undivided profits $4,766
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $248
Earning assets $0
Long-term assets (5+ years) $1,468
Average Assets, year-to-date $139,079
Average Assets, quarterly $44,568
Volatile liabilities $141,616
Insider loans $145,605
FHLB advances $106,253
Loans and leases held for sale $139,954
Unused loan commitments $1,169
Tier 1 (core) risk-based capital $1,169
Tier 2 risk-based capital $15,440
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $16,910
Derivatives$1,369
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $7,170
Total interest expense $1,908
Net interest income $5,262
Provision for loan and lease losses $837
Total noninterest income $1,141
Fiduciary activities $0
Service charges on deposit accounts $565
Trading account gains & fees $0
Additional noninterest income $576
Total noninterest expense $4,163
Salaries and employee benefits $1,207
Premises and equipment expense $212
Additional noninterest expense $2,744
Pre-tax net operating income $1,403
Securities gains (losses) $0
Applicable income taxes $390
Income before extraordinary items $1,013
Extraordinary gains - net $0
Net income attributable to bank $1,013
Net charge-offs $0
Cash dividends $1,013
Sale, conversion, retirement of capital stock, net $1,166
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.49%
Cost of funding earning assets 1.46%
Net interest margin 4.03%
Noninterest income to earning assets 0.87%
Noninterest expense to earning assets 3.19%
Net operating income to assets 0.72%
Return on assets (ROA) 0.72%
Pretax return on assets 0.99%
Return on equity (ROE) 5.99%
Retained earnings to average equity (YTD only) 5.99%
Net charge-offs to loans 1.15%
Credit loss provision to net charge-offs 71.78%
Efficiency ratio1.92%
Assets per employee$63,783
Cash dividends to net income (YTD only)7.00%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.30%
Noncurrent assets plus other real estate owned to assets 491.53%
Noncurrent loans to loans 1.61%
Net loans and leases to deposits0.26%
Net loans and leases to core deposits 70.04%
Equity capital to assets 72.21%
Core capital (leverage) ratio 11.48%
Tier 1 risk-based capital ratio 11.03%
Total risk-based capital ratio 14.53%
Memoranda
Average assets$16
Average earning assets$141,616
Average equity $16,924
Average loans $130,648
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3 South Dakota Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
035370First Bank & Trust Of Milbank215 West Fourth Avenue, Milbank, SD 57252March 27, 1986Full Service Brick and Mortar
3259805Stockholm Branch102 South Main Street, Stockholm, SD 57265May 01, 1995Full Service Brick and Mortar
4219296Toronto Branch445 Main Ave., Toronto, SD 57268June 02, 1980Full Service Brick and Mortar
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