First State Bank in Bridgewater, South Dakota (SD)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 01, 1997

First State Bank in Bridgewater, South Dakota (SD)
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First State Bank - Overview

General
FDIC Certificate #: 12649
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Farmers State Bank (#9935)
Federal Reserve ID: 79958
Date Established: Febuary 23, 1904
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 8029
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: July 01, 1997
Last Structure Change Process Date: August 25, 1997
Last Data Update: August 25, 1997
Data Source Date: April 05, 2012
Location
Address: 330 Main Street, Bridgewater, SD 57319
County: Mccook
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: $12.0 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

Dollar figures in thousands
0Total employees (full-time equivalent)
$5Total assets
$12,099Cash and due from depository institutions
$907Interest-bearing balances
$100Securities
$2,511Federal funds sold & reverse repurchase agreements
$1,700Net loans & leases
$6,237Loan loss allowance
$181Trading account assets
$0Bank premises and fixed assets
$82Other real estate owned
$10Goodwill and other intangibles
$652Life insurance assets
$0All other assets
$0Total liabilities and capital
$12,099Total liabilities
$10,595Total deposits
$10,448Interest-bearing deposits
$9,100Deposits held in domestic offices
10448.00%% insured (estimated)
$87Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$147Total equity capital
$147Total bank equity capital
$1,504Perpetual preferred stock
$0Common stock
$50Surplus
$500Undivided profits
Memoranda
$954Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$115Earning assets
$10,548Long-term assets (5+ years)
$469Average Assets, year-to-date
$11,799Average Assets, quarterly
$11,846Volatile liabilities
$100Insider loans
$118FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$2,062Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$1,512Total risk weighted assets
$7,839Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$932Total interest expense
$395Net interest income
$537Provision for loan and lease losses
$12Total noninterest income
$78Fiduciary activities
$0Service charges on deposit accounts
$33Trading account gains & fees
$0Additional noninterest income
$45Total noninterest expense
$385Salaries and employee benefits
$240Premises and equipment expense
$29Additional noninterest expense
$116Pre-tax net operating income
$218Securities gains (losses)
$0Applicable income taxes
$67Income before extraordinary items
$151Extraordinary gains - net
$0Net income attributable to bank
$151Net charge-offs
$0Cash dividends
$40Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1996)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.97%Cost of funding earning assets
3.80%Net interest margin
5.17%Noninterest income to earning assets
0.75%Noninterest expense to earning assets
3.70%Net operating income to assets
1.28%Return on assets (ROA)
1.28%Pretax return on assets
1.85%Return on equity (ROE)
10.48%Retained earnings to average equity (YTD only)
7.70%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
62,602Assets per employee
2.42%Cash dividends to net income (YTD only)
Condition Ratios (%)
26.49%Loss allowance to loans
2.82%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.08%Noncurrent loans to loans
0.00%Net loans and leases to deposits
59.70%Net loans and leases to core deposits
60.27%Equity capital to assets
12.43%Core capital (leverage) ratio
12.76%Tier 1 risk-based capital ratio
19.29%Total risk-based capital ratio
Memoranda
$21Average assets
$11,799Average earning assets
$1,441Average equity
$10,393Average loans

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