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

  • First Bank of White in White, South Dakota (SD)
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First Bank of White - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total 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
  • 6Total employees (full-time equivalent)
  • $54,728Total assets
  • $2,077Cash and due from depository institutions
  • $1,786Interest-bearing balances
  • $7,659Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $42,531Net loans & leases
  • $608Loan loss allowance
  • $0Trading account assets
  • $179Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $54,728Life insurance assets
  • $2,282All other assets
  • $48,446Total liabilities and capital
  • $47,024Total liabilities
  • $42,998Total deposits
  • $47,024Interest-bearing deposits
  • $88Deposits held in domestic offices
  • 347.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $375Trading liabilities
  • $0Other borrowed funds
  • $700Subordinated debt
  • $6,282All other liabilities
  • $6,282Total equity capital
  • $6,282Total bank equity capital
  • $0Perpetual preferred stock
  • $40Common stock
  • $3,000Surplus
  • $3,242Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $189Income earned, not collected on loans
  • $0Earning assets
  • $539Long-term assets (5+ years)
  • $51,976Average Assets, year-to-date
  • $18,597Average Assets, quarterly
  • $53,537Volatile liabilities
  • $55,204Insider loans
  • $42,972FHLB advances
  • $54,590Loans and leases held for sale
  • $1,239Unused loan commitments
  • $1,239Tier 1 (core) risk-based capital
  • $6,106Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $3,090Restructured Loans and leases
  • $196Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,971Total interest income
  • $818Total interest expense
  • $2,153Net interest income
  • $50Provision for loan and lease losses
  • $257Total noninterest income
  • $0Fiduciary activities
  • $178Service charges on deposit accounts
  • $0Trading account gains & fees
  • $79Additional noninterest income
  • $1,295Total noninterest expense
  • $380Salaries and employee benefits
  • $46Premises and equipment expense
  • $869Additional noninterest expense
  • $1,065Pre-tax net operating income
  • $0Securities gains (losses)
  • $334Applicable income taxes
  • $731Income before extraordinary items
  • $0Extraordinary gains - net
  • $731Net income attributable to bank
  • $0Net charge-offs
  • $731Cash dividends
  • $29Sale, conversion, retirement of capital stock, net
  • $420Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.87%Yield on earning assets
  • 1.62%Cost of funding earning assets
  • 4.26%Net interest margin
  • 0.51%Noninterest income to earning assets
  • 2.56%Noninterest expense to earning assets
  • 1.37%Net operating income to assets
  • 1.37%Return on assets (ROA)
  • 1.99%Pretax return on assets
  • 12.04%Return on equity (ROE)
  • 5.12%Retained earnings to average equity (YTD only)
  • 0.07%Net charge-offs to loans
  • 172.41%Credit loss provision to net charge-offs
  • 38.45%Efficiency ratio
  • 53,734Assets per employee
  • 9.12%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 57.46%Loss allowance to loans
  • 1.41%Loss allowance to noncurrent loans
  • 321.69%Noncurrent assets plus other real estate owned to assets
  • 0.35%Noncurrent loans to loans
  • 0.44%Net loans and leases to deposits
  • 90.45%Net loans and leases to core deposits
  • 93.62%Equity capital to assets
  • 11.48%Core capital (leverage) ratio
  • 11.19%Tier 1 risk-based capital ratio
  • 14.21%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $53,537Average earning assets
  • $6,071Average equity
  • $50,576Average loans

List of branches

  • 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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