First Savings Bank in Beresford, South Dakota (SD), NM, TX, AZ, NE



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First Savings Bank
GeneralFDIC Certificate #: 32629
Status: Active
Federal Reserve ID: 67656
Date Established: January 01, 1989
WWW: http://www.firstsavingsbanks.com
Trust Powers Granted: No
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
Offices: 22 (Domestic: 22, Interstate: Yes)
OTS Docket #: 8547
FDIC's unique #: 45463
Numeric code: 33
Regulator: OCC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
FDIC Insured: Yes
Insured Savings Institution: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: No
Subchapter S Corporations: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: January 01, 1989
Last Structure Change Effective Date: July 21, 2011
Last Structure Change Process Date: July 21, 2011
Last Data Update: July 21, 2011
Data Source Date: April 05, 2012
LocationAddress: 201 North Third Street, Beresford, SD 57004
County: Union
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
Combined Statistical Area (CSA): Sioux City-Vermillion, IA-NE-SD (#512)
Core Based Statistical Area (CBSA): Sioux City, IA-NE-SD (#43580)
CBSA Metro Statistical Area: Sioux City, IA-NE-SD (#43580)
History of ChangesChange in Primary Regulatory Agency
Financial SummaryTotal assets: $436.6 mil
Equity capital: $65.7 mil
Deposits held in domestic offices: $352.8 mil
Return on assets (ROA): 1.44% ($6.3 mil)
Quarterly return on assets: 1.41% ($6.2 mil)
Return on Equity (ROE): 9.89% ($6.5 mil)
Quarterly return on equity: 9.35% ($6.2 mil)
Net income: $6.2 mil
Quarterly Net income: $1.5 mil
Pretax return on assets: 2.15% ($9,386.7 mil)
Quarterly Pretax return on assets: 2.13% ($9,299.4 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)143
Total assets$436,593
Cash and due from depository institutions$35,230
Interest-bearing balances$25,361
Securities$92,923
Federal funds sold & reverse repurchase agreements$1,000
Net loans & leases$269,318
Loan loss allowance $13,184
Trading account assets$0
Bank premises and fixed assets$12,435
Other real estate owned$14,659
Goodwill and other intangibles$597
All other assets$10,431
Life insurance assets$436,593
Total liabilities and capital$370,902
Total liabilities$352,844
Total deposits$290,042
Interest-bearing deposits$352,844
Deposits held in domestic offices$82
% insured (estimated)10.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$6,000
Other borrowed funds $0
Subordinated debt $12,048
All other liabilities $65,691
Total equity capital$65,691
Total bank equity capital$65,691
Perpetual preferred stock$0
Common stock$5,161
Surplus$18,358
Undivided profits $42,172
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 $9,412
Earning assets $0
Long-term assets (5+ years) $1,602
Average Assets, year-to-date $388,602
Average Assets, quarterly $0
Volatile liabilities $433,648
Insider loans $432,065
FHLB advances $304,378
Loans and leases held for sale $434,471
Unused loan commitments $2,545
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $64,164
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $26,933
Derivatives$399
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $28,167
Total interest expense $3,673
Net interest income $24,494
Provision for loan and lease losses $9,284
Total noninterest income $16,322
Fiduciary activities $0
Service charges on deposit accounts $586
Trading account gains & fees $0
Additional noninterest income $15,736
Total noninterest expense $22,203
Salaries and employee benefits $8,464
Premises and equipment expense $2,829
Additional noninterest expense $10,910
Pre-tax net operating income $9,329
Securities gains (losses) $0
Applicable income taxes $3,092
Income before extraordinary items $6,237
Extraordinary gains - net $0
Net income attributable to bank $6,237
Net charge-offs $0
Cash dividends $6,237
Sale, conversion, retirement of capital stock, net $5,797
Net operating income $800
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets7.24%
Cost of funding earning assets 0.94%
Net interest margin 6.29%
Noninterest income to earning assets 4.19%
Noninterest expense to earning assets 5.71%
Net operating income to assets 1.44%
Return on assets (ROA) 1.44%
Pretax return on assets 2.15%
Return on equity (ROE) 9.89%
Retained earnings to average equity (YTD only) 8.62%
Net charge-offs to loans 2.05%
Credit loss provision to net charge-offs 160.15%
Efficiency ratio3.21%
Assets per employee$54,398
Cash dividends to net income (YTD only)3.05%
Condition Ratios (%)
Loss allowance to loans 12.83%
Loss allowance to noncurrent loans 4.67%
Noncurrent assets plus other real estate owned to assets 140.08%
Noncurrent loans to loans 5.51%
Net loans and leases to deposits3.33%
Net loans and leases to core deposits 76.33%
Equity capital to assets 78.88%
Core capital (leverage) ratio 15.05%
Tier 1 risk-based capital ratio 14.77%
Total risk-based capital ratio 21.08%
Memoranda
Average assets$22
Average earning assets$433,648
Average equity $63,044
Average loans $389,129
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1 Arizona Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
24447422Lake Havasu City Branch1041 Acoma Blvd South, Lake Havasu City, AZ 86406August 18, 2003Full Service Brick and Mortar
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1 Nebraska Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
20365165First American Savings Bank Branch3540 South 84th Street, Omaha, NE 68124May 16, 1989Full Service Brick and Mortar
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1 Nevada Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
23447421Las Vegas Branch2365b Renaissance Drive, Las Vegas, NV 89119July 06, 1999Full Service Brick and Mortar
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6 New Mexico Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
1041941520 South Gold Branch520 South Gold, Deming, NM 88030August 01, 1934Full Service Brick and Mortar
112729061221 North Hudson Branch1221 North Hudson, Silver City, NM 88061August 01, 1934Full Service Brick and Mortar
12272907North Date Street Branch915 N. Date St, Truth Or Consequences, NM 87901August 01, 1934Full Service Brick and Mortar
1444591Sun World Branch723 New York Ave, Alamogordo, NM 88310January 01, 1974Full Service Brick and Mortar
15285843Ruidoso Branch2713 Sudderth, Ruidoso, NM 88345March 01, 1990Full Service Brick and Mortar
17288572Telshore Branch2804 North Telshore, Las Cruces, NM 88001June 30, 1996Full Service Brick and Mortar
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10 South Dakota Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
045463First Savings Bank201 North Third Street, Beresford, SD 57004January 01, 1989Full Service Brick and Mortar
1288563Britton Branch600 Main Street, Britton, SD 57430August 09, 1989Full Service Brick and Mortar
2288564Waubay Branch525 Main Street, Waubay, SD 57273August 09, 1989Full Service Brick and Mortar
3288565Springfield Branch825 8th Street, Springfield, SD 57062August 09, 1989Full Service Brick and Mortar
4288566Parker Branch3rd & Main Street, Parker, SD 57053August 09, 1989Full Service Brick and Mortar
5288567Veblen Branch123 Main Street, Veblen, SD 57270August 09, 1989Full Service Brick and Mortar
7288569Bristol Branch118 Main Street, Bristol, SD 57219August 09, 1989Full Service Brick and Mortar
8288570Hecla Branch211 Main Street, Hecla, SD 57446August 09, 1989Full Service Brick and Mortar
18288573Sioux Falls Branch2301 East 10th Street, Sioux Falls, SD 57117June 30, 1996Full Service Brick and Mortar
22447420Flandreau Branch120 N Wind, Flandreau, SD 57028March 05, 1995Full Service Brick and Mortar
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3 Texas Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
19356520909 North Mesa Branch909 North Mesa, El Paso, TX 79902June 14, 1999Full Service Brick and Mortar
214192371701 Saul Klenfield Branch1701 Saul Klenfield, El Paso, TX 79936May 27, 2003Full Service Brick and Mortar
25447423Doniphan Drive Branch5430 Doniphan Drive, Suite B, El Paso, TX 79932January 03, 2005Full Service Brick and Mortar
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