First Midwest Bank in Centerville, South Dakota (SD)



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First Midwest Bank routing number info

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First Midwest Bank
GeneralFDIC Certificate #: 6078
Status: Active
Federal Reserve ID: 95051
Date Established: January 01, 1883
WWW: http://www.firstmidwestbank.com
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
LocationAddress: 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 SummaryTotal 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)
Total employees (full-time equivalent)28
Total assets$89,995
Cash and due from depository institutions$5,121
Interest-bearing balances$3,050
Securities$12,838
Federal funds sold & reverse repurchase agreements$819
Net loans & leases$60,889
Loan loss allowance $644
Trading account assets$0
Bank premises and fixed assets$3,343
Other real estate owned$4,904
Goodwill and other intangibles$144
All other assets$1,937
Life insurance assets$89,996
Total liabilities and capital$79,692
Total liabilities$79,019
Total deposits$67,109
Interest-bearing deposits$79,019
Deposits held in domestic offices$96
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $673
All other liabilities $10,304
Total equity capital$10,304
Total bank equity capital$10,304
Perpetual preferred stock$0
Common stock$1,000
Surplus$6,400
Undivided profits $2,904
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 $3,284
Earning assets $0
Long-term assets (5+ years) $525
Average Assets, year-to-date $77,596
Average Assets, quarterly $17,275
Volatile liabilities $102,299
Insider loans $92,378
FHLB advances $73,573
Loans and leases held for sale $94,251
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $10,176
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $9,578
Derivatives$16
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $3,233
Total interest expense $902
Net interest income $2,331
Provision for loan and lease losses $760
Total noninterest income $4,986
Fiduciary activities $0
Service charges on deposit accounts $209
Trading account gains & fees $0
Additional noninterest income $4,777
Total noninterest expense $3,642
Salaries and employee benefits $1,726
Premises and equipment expense $234
Additional noninterest expense $1,682
Pre-tax net operating income $2,915
Securities gains (losses) $34
Applicable income taxes $29
Income before extraordinary items $2,920
Extraordinary gains - net $0
Net income attributable to bank $2,920
Net charge-offs $0
Cash dividends $2,920
Sale, conversion, retirement of capital stock, net $116
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets3.64%
Cost of funding earning assets 1.02%
Net interest margin 2.62%
Noninterest income to earning assets 5.61%
Noninterest expense to earning assets 4.10%
Net operating income to assets 2.82%
Return on assets (ROA) 2.85%
Pretax return on assets 2.88%
Return on equity (ROE) 30.46%
Retained earnings to average equity (YTD only) 30.46%
Net charge-offs to loans 0.18%
Credit loss provision to net charge-offs 655.17%
Efficiency ratio31.68%
Assets per employee$49,009
Cash dividends to net income (YTD only)3.21%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.05%
Noncurrent assets plus other real estate owned to assets 19.61%
Noncurrent loans to loans 9.10%
Net loans and leases to deposits5.34%
Net loans and leases to core deposits 77.06%
Equity capital to assets 79.24%
Core capital (leverage) ratio 11.45%
Tier 1 risk-based capital ratio 10.80%
Total risk-based capital ratio 13.83%
Memoranda
Average assets$15
Average earning assets$102,299
Average equity $9,586
Average loans $88,805
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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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