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

First State Bank - Overview

  • General
  • FDIC Certificate #: 15787
    Status: Active
    Federal Reserve ID: 624152
    Bank Holding Company (Regulatory Top Holder): Northeast Bancorp, Inc. (RSSDID: 1842971, Location: Brandon, SD)
    Date Established: January 01, 1941
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 10034
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Agricultural lending institution: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: January 01, 1941
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 707 Main Street, Wilmot, SD 57279
    County: Roberts
    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
  • History of Changes
  • Change in Location
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $38.7 mil
    Equity capital: $3.6 mil
    Deposits held in domestic offices: $33.7 mil
    Return on assets (ROA): 0.74% ($0.3 mil)
    Quarterly return on assets: 0.19% ($0.1 mil)
    Return on Equity (ROE): 8.16% ($0.3 mil)
    Quarterly return on equity: 2.01% ($0.1 mil)
    Net income: $0.3 mil
    Quarterly Net income: $0.0 mil
    Pretax return on assets: 0.79% ($305.4 mil)
    Quarterly Pretax return on assets: 0.28% ($108.2 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
  • 9Total employees (full-time equivalent)
  • $38,652Total assets
  • $2,697Cash and due from depository institutions
  • $842Interest-bearing balances
  • $14,110Securities
  • $2,000Federal funds sold & reverse repurchase agreements
  • $16,636Net loans & leases
  • $339Loan loss allowance
  • $0Trading account assets
  • $631Bank premises and fixed assets
  • $650Other real estate owned
  • $0Goodwill and other intangibles
  • $38,652Life insurance assets
  • $1,928All other assets
  • $35,071Total liabilities and capital
  • $33,718Total liabilities
  • $26,715Total deposits
  • $33,718Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $1,300Trading liabilities
  • $0Other borrowed funds
  • $53Subordinated debt
  • $3,581All other liabilities
  • $3,581Total equity capital
  • $3,581Total bank equity capital
  • $0Perpetual preferred stock
  • $100Common stock
  • $3,178Surplus
  • $303Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $804Income earned, not collected on loans
  • $0Earning assets
  • $411Long-term assets (5+ years)
  • $33,588Average Assets, year-to-date
  • $12,189Average Assets, quarterly
  • $37,594Volatile liabilities
  • $37,957Insider loans
  • $28,116FHLB advances
  • $38,365Loans and leases held for sale
  • $1,195Unused loan commitments
  • $1,195Tier 1 (core) risk-based capital
  • $3,661Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,098Restructured Loans and leases
  • $41Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,794Total interest income
  • $422Total interest expense
  • $1,372Net interest income
  • $50Provision for loan and lease losses
  • $165Total noninterest income
  • $0Fiduciary activities
  • $157Service charges on deposit accounts
  • $0Trading account gains & fees
  • $8Additional noninterest income
  • $1,100Total noninterest expense
  • $518Salaries and employee benefits
  • $173Premises and equipment expense
  • $409Additional noninterest expense
  • $387Pre-tax net operating income
  • -$90Securities gains (losses)
  • $18Applicable income taxes
  • $279Income before extraordinary items
  • $0Extraordinary gains - net
  • $279Net income attributable to bank
  • $0Net charge-offs
  • $279Cash dividends
  • $38Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.55%Yield on earning assets
  • 1.30%Cost of funding earning assets
  • 4.24%Net interest margin
  • 0.51%Noninterest income to earning assets
  • 3.40%Noninterest expense to earning assets
  • 0.97%Net operating income to assets
  • 0.74%Return on assets (ROA)
  • 0.79%Pretax return on assets
  • 8.16%Return on equity (ROE)
  • 8.16%Retained earnings to average equity (YTD only)
  • 0.22%Net charge-offs to loans
  • 131.58%Credit loss provision to net charge-offs
  • 11.50%Efficiency ratio
  • 71,568Assets per employee
  • 4.29%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.00%Loss allowance to noncurrent loans
  • 42.16%Noncurrent assets plus other real estate owned to assets
  • 3.76%Noncurrent loans to loans
  • 4.74%Net loans and leases to deposits
  • 49.34%Net loans and leases to core deposits
  • 51.61%Equity capital to assets
  • 9.26%Core capital (leverage) ratio
  • 9.54%Tier 1 risk-based capital ratio
  • 13.02%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $37,594Average earning assets
  • $3,419Average equity
  • $32,344Average loans

List of branches

  • 2 South Dakota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    010034First State Bank707 Main Street, Wilmot, SD 57279January 01, 1941Full Service Brick and Mortar
    1434063Big Stone City Branch459 Main Street, Big Stone City, SD 57216November 12, 2004Full Service Brick and Mortar

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