First Bank of White in White, South Dakota (SD)



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First Bank of White routing number info

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First Bank of White
GeneralFDIC Certificate #: 4026
Status: Active
Federal Reserve ID: 439459
Bank Holding Company (Regulatory Top Holder): Fishback Financial Corporation (RSSDID: 1123072, Location: Brookings, SD)
Date Established: April 17, 1902
WWW: http://www.bankeasy.comw/
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Domestic: 1, Interstate: No)
OTS Docket #: 11898
FDIC's unique #: 2608
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: January 01, 1934
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
LocationAddress: 301 West Main Street, White, SD 57276
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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $54.7 mil
Equity capital: $6.3 mil
Deposits held in domestic offices: $47.0 mil
Return on assets (ROA): 1.37% ($0.8 mil)
Quarterly return on assets: 1.48% ($0.8 mil)
Return on Equity (ROE): 12.04% ($0.7 mil)
Quarterly return on equity: 13.07% ($0.8 mil)
Net income: $0.7 mil
Quarterly Net income: $0.2 mil
Pretax return on assets: 1.99% ($1,089.1 mil)
Quarterly Pretax return on assets: 2.13% ($1,165.7 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)6
Total assets$54,728
Cash and due from depository institutions$2,077
Interest-bearing balances$1,786
Securities$7,659
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$42,531
Loan loss allowance $608
Trading account assets$0
Bank premises and fixed assets$179
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$2,282
Life insurance assets$54,728
Total liabilities and capital$48,446
Total liabilities$47,024
Total deposits$42,998
Interest-bearing deposits$47,024
Deposits held in domestic offices$88
% insured (estimated)347.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$375
Other borrowed funds $0
Subordinated debt $700
All other liabilities $6,282
Total equity capital$6,282
Total bank equity capital$6,282
Perpetual preferred stock$0
Common stock$40
Surplus$3,000
Undivided profits $3,242
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 $189
Earning assets $0
Long-term assets (5+ years) $539
Average Assets, year-to-date $51,976
Average Assets, quarterly $18,597
Volatile liabilities $53,537
Insider loans $55,204
FHLB advances $42,972
Loans and leases held for sale $54,590
Unused loan commitments $1,239
Tier 1 (core) risk-based capital $1,239
Tier 2 risk-based capital $6,106
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $3,090
Derivatives$196
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $2,971
Total interest expense $818
Net interest income $2,153
Provision for loan and lease losses $50
Total noninterest income $257
Fiduciary activities $0
Service charges on deposit accounts $178
Trading account gains & fees $0
Additional noninterest income $79
Total noninterest expense $1,295
Salaries and employee benefits $380
Premises and equipment expense $46
Additional noninterest expense $869
Pre-tax net operating income $1,065
Securities gains (losses) $0
Applicable income taxes $334
Income before extraordinary items $731
Extraordinary gains - net $0
Net income attributable to bank $731
Net charge-offs $0
Cash dividends $731
Sale, conversion, retirement of capital stock, net $29
Net operating income $420
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.87%
Cost of funding earning assets 1.62%
Net interest margin 4.26%
Noninterest income to earning assets 0.51%
Noninterest expense to earning assets 2.56%
Net operating income to assets 1.37%
Return on assets (ROA) 1.37%
Pretax return on assets 1.99%
Return on equity (ROE) 12.04%
Retained earnings to average equity (YTD only) 5.12%
Net charge-offs to loans 0.07%
Credit loss provision to net charge-offs 172.41%
Efficiency ratio38.45%
Assets per employee$53,734
Cash dividends to net income (YTD only)9.12%
Condition Ratios (%)
Loss allowance to loans 57.46%
Loss allowance to noncurrent loans 1.41%
Noncurrent assets plus other real estate owned to assets 321.69%
Noncurrent loans to loans 0.35%
Net loans and leases to deposits0.44%
Net loans and leases to core deposits 90.45%
Equity capital to assets 93.62%
Core capital (leverage) ratio 11.48%
Tier 1 risk-based capital ratio 11.19%
Total risk-based capital ratio 14.21%
Memoranda
Average assets$15
Average earning assets$53,537
Average equity $6,071
Average loans $50,576
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1 South Dakota Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
02608First Bank Of White301 West Main Street, White, SD 57276April 17, 1902Full Service Brick and Mortar
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