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

First State Bank of Claremont - Overview

  • General
  • FDIC Certificate #: 484
    Status: Active
    Federal Reserve ID: 99255
    Date Established: January 01, 1903
    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 #: 351
    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: July 01, 2008
    Last Structure Change Process Date: July 23, 2008
    Last Data Update: July 23, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 7 East Highway 12, Groton, SD 57445
    County: Brown
    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): Aberdeen, SD (#10100)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $51.0 mil
    Equity capital: $6.6 mil
    Deposits held in domestic offices: $43.8 mil
    Return on assets (ROA): 1.32% ($0.7 mil)
    Quarterly return on assets: 1.38% ($0.7 mil)
    Return on Equity (ROE): 10.51% ($0.7 mil)
    Quarterly return on equity: 10.74% ($0.8 mil)
    Net income: $0.7 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 1.35% ($688.5 mil)
    Quarterly Pretax return on assets: 1.38% ($703.8 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
  • 14Total employees (full-time equivalent)
  • $51,002Total assets
  • $2,922Cash and due from depository institutions
  • $1,500Interest-bearing balances
  • $9,741Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $35,319Net loans & leases
  • $448Loan loss allowance
  • $0Trading account assets
  • $1,273Bank premises and fixed assets
  • $0Other real estate owned
  • $245Goodwill and other intangibles
  • $51,002Life insurance assets
  • $1,502All other assets
  • $44,380Total liabilities and capital
  • $43,751Total liabilities
  • $16,603Total deposits
  • $43,751Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $629Subordinated debt
  • $6,622All other liabilities
  • $6,622Total equity capital
  • $6,622Total bank equity capital
  • $0Perpetual preferred stock
  • $51Common stock
  • $3,115Surplus
  • $3,456Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $20Income earned, not collected on loans
  • $0Earning assets
  • $714Long-term assets (5+ years)
  • $46,560Average Assets, year-to-date
  • $9,171Average Assets, quarterly
  • $50,868Volatile liabilities
  • $51,402Insider loans
  • $42,695FHLB advances
  • $51,485Loans and leases held for sale
  • $507Unused loan commitments
  • $507Tier 1 (core) risk-based capital
  • $5,894Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $10,023Restructured Loans and leases
  • $478Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,491Total interest income
  • $222Total interest expense
  • $2,269Net interest income
  • $0Provision for loan and lease losses
  • $116Total noninterest income
  • $0Fiduciary activities
  • $78Service charges on deposit accounts
  • $0Trading account gains & fees
  • $38Additional noninterest income
  • $1,699Total noninterest expense
  • $1,120Salaries and employee benefits
  • $279Premises and equipment expense
  • $300Additional noninterest expense
  • $686Pre-tax net operating income
  • $0Securities gains (losses)
  • $14Applicable income taxes
  • $672Income before extraordinary items
  • $0Extraordinary gains - net
  • $672Net income attributable to bank
  • $0Net charge-offs
  • $672Cash dividends
  • -$23Sale, conversion, retirement of capital stock, net
  • $438Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.41%Yield on earning assets
  • 0.48%Cost of funding earning assets
  • 4.93%Net interest margin
  • 0.25%Noninterest income to earning assets
  • 3.69%Noninterest expense to earning assets
  • 1.32%Net operating income to assets
  • 1.32%Return on assets (ROA)
  • 1.35%Pretax return on assets
  • 10.51%Return on equity (ROE)
  • 3.66%Retained earnings to average equity (YTD only)
  • -0.07%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 71,237Assets per employee
  • 3.64%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 65.18%Loss allowance to loans
  • 1.25%Loss allowance to noncurrent loans
  • 2240.00%Noncurrent assets plus other real estate owned to assets
  • 0.04%Noncurrent loans to loans
  • 0.06%Net loans and leases to deposits
  • 80.73%Net loans and leases to core deposits
  • 80.73%Equity capital to assets
  • 12.98%Core capital (leverage) ratio
  • 11.45%Tier 1 risk-based capital ratio
  • 13.80%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $50,868Average earning assets
  • $6,395Average equity
  • $46,038Average loans

List of branches

  • 4 South Dakota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0351First State Bank Of Claremont7 East Highway 12, Groton, SD 57445January 01, 1903Full Service Brick and Mortar
    1181718Columbia BranchMain Street, Columbia, SD 57433September 01, 1953Full Service Brick and Mortar
    2419745Claremont Branch602 6th Ave, Claremont, SD 57432October 07, 2002Full Service Brick and Mortar
    36355Langford OfficeMain Street, Langford, SD 57454August 13, 1903Full Service Brick and Mortar

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