First State Bank in Armour, South Dakota (SD)
| First State Bank | |
|---|---|
| General | FDIC Certificate #: 3983 Status: Active Federal Reserve ID: 273251 Bank Holding Company (Regulatory Top Holder): Lewis Banshares, Inc. (RSSDID: 1131880, Location: Sioux Falls, SD) Date Established: January 01, 1906 WWW: http://www.fsbadgt.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 4 (Domestic: 4, Interstate: No) FDIC's unique #: 2588 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, 1934 Last Structure Change Effective Date: June 01, 2010 Last Structure Change Process Date: June 01, 2010 Last Data Update: June 01, 2010 Data Source Date: April 05, 2012 |
| Location | Address: 703 Main Street, Armour, SD 57313 County: Douglas 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 |
| Financial Summary | Total assets: $101.4 mil Equity capital: $7.3 mil Deposits held in domestic offices: $88.7 mil Return on assets (ROA): 1.48% ($1.5 mil) Quarterly return on assets: 1.59% ($1.6 mil) Return on Equity (ROE): 19.65% ($1.4 mil) Quarterly return on equity: 21.34% ($1.5 mil) Net income: $1.4 mil Quarterly Net income: $0.4 mil Pretax return on assets: 1.54% ($1,560.9 mil) Quarterly Pretax return on assets: 1.66% ($1,682.5 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 27 |
| Total assets | $101,354 |
| Cash and due from depository institutions | $3,765 |
| Interest-bearing balances | $1,485 |
| Securities | $24,191 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $71,027 |
| Loan loss allowance | $569 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $473 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $0 |
| All other assets | $1,898 |
| Life insurance assets | $101,354 |
| Total liabilities and capital | $94,069 |
| Total liabilities | $88,729 |
| Total deposits | $68,097 |
| Interest-bearing deposits | $88,729 |
| Deposits held in domestic offices | $91 |
| % insured (estimated) | 575.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $4,500 |
| Other borrowed funds | $0 |
| Subordinated debt | $265 |
| All other liabilities | $7,285 |
| Total equity capital | $7,285 |
| Total bank equity capital | $7,285 |
| Perpetual preferred stock | $0 |
| Common stock | $500 |
| Surplus | $2,125 |
| Undivided profits | $4,660 |
| 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 | $0 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $1,397 |
| Average Assets, year-to-date | $96,703 |
| Average Assets, quarterly | $6,369 |
| Volatile liabilities | $94,871 |
| Insider loans | $98,424 |
| FHLB advances | $62,820 |
| Loans and leases held for sale | $97,438 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $7,019 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $23,666 |
| Derivatives | $809 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $4,141 |
| Total interest expense | $723 |
| Net interest income | $3,418 |
| Provision for loan and lease losses | $0 |
| Total noninterest income | $786 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $193 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $593 |
| Total noninterest expense | $2,739 |
| Salaries and employee benefits | $1,798 |
| Premises and equipment expense | $239 |
| Additional noninterest expense | $702 |
| Pre-tax net operating income | $1,465 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $60 |
| Income before extraordinary items | $1,405 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $1,405 |
| Net charge-offs | $0 |
| Cash dividends | $1,405 |
| Sale, conversion, retirement of capital stock, net | -$1 |
| Net operating income | $1,100 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.58% |
| Cost of funding earning assets | 0.80% |
| Net interest margin | 3.78% |
| Noninterest income to earning assets | 0.87% |
| Noninterest expense to earning assets | 3.03% |
| Net operating income to assets | 1.48% |
| Return on assets (ROA) | 1.48% |
| Pretax return on assets | 1.54% |
| Return on equity (ROE) | 19.65% |
| Retained earnings to average equity (YTD only) | 4.27% |
| Net charge-offs to loans | -0.00% |
| Credit loss provision to net charge-offs | 0.00% |
| Efficiency ratio | 0.00% |
| Assets per employee | $65,152 |
| Cash dividends to net income (YTD only) | 3.75% |
| Condition Ratios (%) | |
| Loss allowance to loans | 78.29% |
| Loss allowance to noncurrent loans | 0.79% |
| Noncurrent assets plus other real estate owned to assets | 0.00% |
| Noncurrent loans to loans | 0.00% |
| Net loans and leases to deposits | 0.00% |
| Net loans and leases to core deposits | 80.05% |
| Equity capital to assets | 81.32% |
| Core capital (leverage) ratio | 7.19% |
| Tier 1 risk-based capital ratio | 7.20% |
| Total risk-based capital ratio | 11.17% |
| Memoranda | |
| Average assets | $11 |
| Average earning assets | $94,871 |
| Average equity | $7,150 |
| Average loans | $90,443 |
| 4 South Dakota Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 2588 | First State Bank | 703 Main Street, Armour, SD 57313 | January 01, 1906 | Full Service Brick and Mortar |  |
| 1 | 202185 | Delmont Branch | 703 Main Street, Delmont, SD 57330 | May 02, 1966 | Full Service Brick and Mortar |  |
| 2 | 4107 | Tripp Branch | 210 North Main Street, Tripp, SD 57376 | Febuary 02, 1902 | Full Service Brick and Mortar | |
| 3 | 355 | Geddes Branch | Main Street, Geddes, SD 57342 | April 21, 1930 | Full Service Brick and Mortar | |
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