First Bank of South Dakota (National Association) in city_name, state_name

First Bank of South Dakota (National Association) in Sioux Falls, South Dakota (SD)
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First Bank of South Dakota (National Association) - Overview

General
FDIC Certificate #: 34532
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: U.S. Bank National Association ND (#34590)
Federal Reserve ID: 2578482
Date Established: May 31, 1997
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 1 (Interstate: No)
FDIC's unique #: 59039
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: No
Date of Deposit Insurance: May 31, 1997
Last Structure Change Effective Date: March 23, 1998
Last Structure Change Process Date: April 06, 1998
Last Data Update: October 19, 1998
Data Source Date: April 05, 2012
Location
Address: 141 North Main Avenue, Sioux Falls, SD 57117
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)
Financial Summary
Total assets: $1,331.9 mil

Assets and Liabilities (December 31, 1997)

Dollar figures in thousands
13Total employees (full-time equivalent)
$1,331,896Total assets
$23,611Cash and due from depository institutions
$0Interest-bearing balances
$6,311Securities
$0Federal funds sold & reverse repurchase agreements
$1,118,283Net loans & leases
$44,150Loan loss allowance
$0Trading account assets
$1,323Bank premises and fixed assets
$0Other real estate owned
$31,558Goodwill and other intangibles
$0Life insurance assets
$150,810All other assets
$1,331,896Total liabilities and capital
$1,178,902Total liabilities
$298,796Total deposits
$279,709Interest-bearing deposits
$298,796Deposits held in domestic offices
0.00%% insured (estimated)
$126,000Federal funds purchased & repurchase agreements
$0Trading liabilities
$647,000Other borrowed funds
$40,000Subordinated debt
$67,106All other liabilities
$152,994Total equity capital
$152,994Total bank equity capital
$152,994Perpetual preferred stock
$0Common stock
$1,000Surplus
$129,000Undivided profits
Memoranda
$22,994Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$3,674Earning assets
$0Long-term assets (5+ years)
$4,280Average Assets, year-to-date
$1,124,594Average Assets, quarterly
$0Volatile liabilities
$1,365,745Insider loans
$1,466,025FHLB advances
$505,709Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$8,137,480Total unused commitments
$0Restructured Loans and leases
$1,381,711Derivatives

Income and Expense (December 31, 1997)

Dollar figures in thousands
$50,466Total interest income
$34,674Total interest expense
$15,792Net interest income
$27,000Provision for loan and lease losses
$86,336Total noninterest income
$2,949Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$83,387Additional noninterest income
$37,922Total noninterest expense
$316Salaries and employee benefits
$495Premises and equipment expense
$37,111Additional noninterest expense
$37,206Pre-tax net operating income
$0Securities gains (losses)
$14,227Applicable income taxes
$22,979Income before extraordinary items
$0Extraordinary gains - net
$22,979Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$14,528Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1997)

Dollar figures in thousands
Performance Ratios (%, annualized)
4.84%Yield on earning assets
3.33%Cost of funding earning assets
1.52%Net interest margin
8.28%Noninterest income to earning assets
3.64%Noninterest expense to earning assets
1.68%Net operating income to assets
1.68%Return on assets (ROA)
2.72%Pretax return on assets
18.69%Return on equity (ROE)
18.69%Retained earnings to average equity (YTD only)
1.35%Net charge-offs to loans
185.85%Credit loss provision to net charge-offs
4.42%Efficiency ratio
34,610Assets per employee
102.45%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
3.80%Loss allowance to noncurrent loans
1201.69%Noncurrent assets plus other real estate owned to assets
0.28%Noncurrent loans to loans
0.32%Net loans and leases to deposits
374.26%Net loans and leases to core deposits
5858.87%Equity capital to assets
11.49%Core capital (leverage) ratio
10.90%Tier 1 risk-based capital ratio
10.84%Total risk-based capital ratio
Memoranda
$15Average assets
$1,365,745Average earning assets
$122,956Average equity
$1,042,087Average loans

First Bank of South Dakota (National Association) in Sioux Falls, South Dakota (SD)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Bank of South Dakota (National Association) - Overview

Assets and Liabilities (December 31, 1997)

Income and Expense (December 31, 1997)

Performance and Condition Ratios (December 31, 1997)

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

First Bank of South Dakota (National Association) in Sioux Falls, South Dakota (SD)Overview, Financial Summary, Detailed Financial Reports, Branches

First Bank of South Dakota (National Association) - Overview

Assets and Liabilities (December 31, 1997)

Income and Expense (December 31, 1997)

Performance and Condition Ratios (December 31, 1997)

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

First Bank of South Dakota (National Association) in Sioux Falls, South Dakota (SD)
Overview, Financial Summary, Detailed Financial Reports, Branches