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

First State Bank - Overview

  • 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
    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)

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
  • 27Total employees (full-time equivalent)
  • $101,354Total assets
  • $3,765Cash and due from depository institutions
  • $1,485Interest-bearing balances
  • $24,191Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $71,027Net loans & leases
  • $569Loan loss allowance
  • $0Trading account assets
  • $473Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $101,354Life insurance assets
  • $1,898All other assets
  • $94,069Total liabilities and capital
  • $88,729Total liabilities
  • $68,097Total deposits
  • $88,729Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 575.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $4,500Trading liabilities
  • $0Other borrowed funds
  • $265Subordinated debt
  • $7,285All other liabilities
  • $7,285Total equity capital
  • $7,285Total bank equity capital
  • $0Perpetual preferred stock
  • $500Common stock
  • $2,125Surplus
  • $4,660Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $1,397Long-term assets (5+ years)
  • $96,703Average Assets, year-to-date
  • $6,369Average Assets, quarterly
  • $94,871Volatile liabilities
  • $98,424Insider loans
  • $62,820FHLB advances
  • $97,438Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $7,019Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $23,666Restructured Loans and leases
  • $809Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,141Total interest income
  • $723Total interest expense
  • $3,418Net interest income
  • $0Provision for loan and lease losses
  • $786Total noninterest income
  • $0Fiduciary activities
  • $193Service charges on deposit accounts
  • $0Trading account gains & fees
  • $593Additional noninterest income
  • $2,739Total noninterest expense
  • $1,798Salaries and employee benefits
  • $239Premises and equipment expense
  • $702Additional noninterest expense
  • $1,465Pre-tax net operating income
  • $0Securities gains (losses)
  • $60Applicable income taxes
  • $1,405Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,405Net income attributable to bank
  • $0Net charge-offs
  • $1,405Cash dividends
  • -$1Sale, conversion, retirement of capital stock, net
  • $1,100Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.58%Yield on earning assets
  • 0.80%Cost of funding earning assets
  • 3.78%Net interest margin
  • 0.87%Noninterest income to earning assets
  • 3.03%Noninterest expense to earning assets
  • 1.48%Net operating income to assets
  • 1.48%Return on assets (ROA)
  • 1.54%Pretax return on assets
  • 19.65%Return on equity (ROE)
  • 4.27%Retained earnings to average equity (YTD only)
  • -0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 65,152Assets per employee
  • 3.75%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 78.29%Loss allowance to loans
  • 0.79%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 80.05%Net loans and leases to core deposits
  • 81.32%Equity capital to assets
  • 7.19%Core capital (leverage) ratio
  • 7.20%Tier 1 risk-based capital ratio
  • 11.17%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $94,871Average earning assets
  • $7,150Average equity
  • $90,443Average loans

List of branches

  • 4 South Dakota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    02588First State Bank703 Main Street, Armour, SD 57313January 01, 1906Full Service Brick and Mortar
    1202185Delmont Branch703 Main Street, Delmont, SD 57330May 02, 1966Full Service Brick and Mortar
    24107Tripp Branch210 North Main Street, Tripp, SD 57376Febuary 02, 1902Full Service Brick and Mortar
    3355Geddes BranchMain Street, Geddes, SD 57342April 21, 1930Full Service Brick and Mortar

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