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)
  • Show street view No street view available for this location

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

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with First State Bank.
Based on public records. Inadvertent errors are possible. does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents