First Midwest Bank in Centerville, South Dakota (SD)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Midwest Bank - Overview

  • General
  • FDIC Certificate #: 6078
    Status: Active
    Federal Reserve ID: 95051
    Date Established: January 01, 1883
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 4102
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: November 08, 2011
    Last Structure Change Process Date: November 08, 2011
    Last Data Update: November 08, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 549 Broadway, Centerville, SD 57014
    County: Turner
    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): Sioux Falls, SD (#43620)
    CBSA Metro Statistical Area: Sioux Falls, SD (#43620)
  • Financial Summary
  • Total assets: $90.0 mil
    Equity capital: $10.3 mil
    Deposits held in domestic offices: $79.0 mil
    Return on assets (ROA): 2.85% ($2.6 mil)
    Quarterly return on assets: -4.40% (-$4.0 mil)
    Return on Equity (ROE): 30.46% ($3.0 mil)
    Quarterly return on equity: -37.49% (-$3.7 mil)
    Net income: $2.9 mil
    Quarterly Net income: -$1.0 mil
    Pretax return on assets: 2.88% ($2,591.9 mil)
    Quarterly Pretax return on assets: -4.37% (-$3,932.8 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
  • 28Total employees (full-time equivalent)
  • $89,995Total assets
  • $5,121Cash and due from depository institutions
  • $3,050Interest-bearing balances
  • $12,838Securities
  • $819Federal funds sold & reverse repurchase agreements
  • $60,889Net loans & leases
  • $644Loan loss allowance
  • $0Trading account assets
  • $3,343Bank premises and fixed assets
  • $4,904Other real estate owned
  • $144Goodwill and other intangibles
  • $89,996Life insurance assets
  • $1,937All other assets
  • $79,692Total liabilities and capital
  • $79,019Total liabilities
  • $67,109Total deposits
  • $79,019Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $673Subordinated debt
  • $10,304All other liabilities
  • $10,304Total equity capital
  • $10,304Total bank equity capital
  • $0Perpetual preferred stock
  • $1,000Common stock
  • $6,400Surplus
  • $2,904Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,284Income earned, not collected on loans
  • $0Earning assets
  • $525Long-term assets (5+ years)
  • $77,596Average Assets, year-to-date
  • $17,275Average Assets, quarterly
  • $102,299Volatile liabilities
  • $92,378Insider loans
  • $73,573FHLB advances
  • $94,251Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $10,176Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $9,578Restructured Loans and leases
  • $16Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,233Total interest income
  • $902Total interest expense
  • $2,331Net interest income
  • $760Provision for loan and lease losses
  • $4,986Total noninterest income
  • $0Fiduciary activities
  • $209Service charges on deposit accounts
  • $0Trading account gains & fees
  • $4,777Additional noninterest income
  • $3,642Total noninterest expense
  • $1,726Salaries and employee benefits
  • $234Premises and equipment expense
  • $1,682Additional noninterest expense
  • $2,915Pre-tax net operating income
  • $34Securities gains (losses)
  • $29Applicable income taxes
  • $2,920Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,920Net income attributable to bank
  • $0Net charge-offs
  • $2,920Cash dividends
  • $116Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.64%Yield on earning assets
  • 1.02%Cost of funding earning assets
  • 2.62%Net interest margin
  • 5.61%Noninterest income to earning assets
  • 4.10%Noninterest expense to earning assets
  • 2.82%Net operating income to assets
  • 2.85%Return on assets (ROA)
  • 2.88%Pretax return on assets
  • 30.46%Return on equity (ROE)
  • 30.46%Retained earnings to average equity (YTD only)
  • 0.18%Net charge-offs to loans
  • 655.17%Credit loss provision to net charge-offs
  • 31.68%Efficiency ratio
  • 49,009Assets per employee
  • 3.21%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.05%Loss allowance to noncurrent loans
  • 19.61%Noncurrent assets plus other real estate owned to assets
  • 9.10%Noncurrent loans to loans
  • 5.34%Net loans and leases to deposits
  • 77.06%Net loans and leases to core deposits
  • 79.24%Equity capital to assets
  • 11.45%Core capital (leverage) ratio
  • 10.80%Tier 1 risk-based capital ratio
  • 13.83%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $102,299Average earning assets
  • $9,586Average equity
  • $88,805Average loans

List of branches

  • 3 South Dakota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    04102First Midwest Bank549 Broadway, Centerville, SD 57014January 01, 1883Full Service Brick and Mortar
    1208672Deerfield Branch3310 West 49th Street, Sioux Falls, SD 57106May 06, 1996Full Service Brick and Mortar
    2357337Deerfield Branch1113 South Minnesota Avenue, Sioux Falls, SD 57105August 16, 1999Full Service Brick and Mortar

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