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

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

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Office Purchased
  • Financial Summary
  • Total 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
  • 22Total employees (full-time equivalent)
  • $153,891Total assets
  • $16,024Cash and due from depository institutions
  • $9,552Interest-bearing balances
  • $34,668Securities
  • $2,142Federal funds sold & reverse repurchase agreements
  • $92,717Net loans & leases
  • $1,219Loan loss allowance
  • $0Trading account assets
  • $1,150Bank premises and fixed assets
  • $2,229Other real estate owned
  • $1,619Goodwill and other intangibles
  • $153,891Life insurance assets
  • $3,342All other assets
  • $136,225Total liabilities and capital
  • $132,382Total liabilities
  • $105,414Total deposits
  • $132,382Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 398.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $2,500Trading liabilities
  • $0Other borrowed funds
  • $945Subordinated debt
  • $17,666All other liabilities
  • $17,666Total equity capital
  • $17,666Total bank equity capital
  • $0Perpetual preferred stock
  • $50Common stock
  • $12,850Surplus
  • $4,766Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $248Income earned, not collected on loans
  • $0Earning assets
  • $1,468Long-term assets (5+ years)
  • $139,079Average Assets, year-to-date
  • $44,568Average Assets, quarterly
  • $141,616Volatile liabilities
  • $145,605Insider loans
  • $106,253FHLB advances
  • $139,954Loans and leases held for sale
  • $1,169Unused loan commitments
  • $1,169Tier 1 (core) risk-based capital
  • $15,440Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $16,910Restructured Loans and leases
  • $1,369Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $7,170Total interest income
  • $1,908Total interest expense
  • $5,262Net interest income
  • $837Provision for loan and lease losses
  • $1,141Total noninterest income
  • $0Fiduciary activities
  • $565Service charges on deposit accounts
  • $0Trading account gains & fees
  • $576Additional noninterest income
  • $4,163Total noninterest expense
  • $1,207Salaries and employee benefits
  • $212Premises and equipment expense
  • $2,744Additional noninterest expense
  • $1,403Pre-tax net operating income
  • $0Securities gains (losses)
  • $390Applicable income taxes
  • $1,013Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,013Net income attributable to bank
  • $0Net charge-offs
  • $1,013Cash dividends
  • $1,166Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.49%Yield on earning assets
  • 1.46%Cost of funding earning assets
  • 4.03%Net interest margin
  • 0.87%Noninterest income to earning assets
  • 3.19%Noninterest expense to earning assets
  • 0.72%Net operating income to assets
  • 0.72%Return on assets (ROA)
  • 0.99%Pretax return on assets
  • 5.99%Return on equity (ROE)
  • 5.99%Retained earnings to average equity (YTD only)
  • 1.15%Net charge-offs to loans
  • 71.78%Credit loss provision to net charge-offs
  • 1.92%Efficiency ratio
  • 63,783Assets per employee
  • 7.00%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.30%Loss allowance to noncurrent loans
  • 491.53%Noncurrent assets plus other real estate owned to assets
  • 1.61%Noncurrent loans to loans
  • 0.26%Net loans and leases to deposits
  • 70.04%Net loans and leases to core deposits
  • 72.21%Equity capital to assets
  • 11.48%Core capital (leverage) ratio
  • 11.03%Tier 1 risk-based capital ratio
  • 14.53%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $141,616Average earning assets
  • $16,924Average equity
  • $130,648Average loans

List of branches

  • 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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