First State Bank of Claremont in Groton, South Dakota (SD)



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First State Bank of Claremont routing number info

Table of contents:
First State Bank of Claremont
GeneralFDIC 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
LocationAddress: 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 ChangesParticipated in Absorption/Consolidation/Merger
Financial SummaryTotal 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)
Total employees (full-time equivalent)14
Total assets$51,002
Cash and due from depository institutions$2,922
Interest-bearing balances$1,500
Securities$9,741
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$35,319
Loan loss allowance $448
Trading account assets$0
Bank premises and fixed assets$1,273
Other real estate owned$0
Goodwill and other intangibles$245
All other assets$1,502
Life insurance assets$51,002
Total liabilities and capital$44,380
Total liabilities$43,751
Total deposits$16,603
Interest-bearing deposits$43,751
Deposits held in domestic offices$95
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $629
All other liabilities $6,622
Total equity capital$6,622
Total bank equity capital$6,622
Perpetual preferred stock$0
Common stock$51
Surplus$3,115
Undivided profits $3,456
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 $20
Earning assets $0
Long-term assets (5+ years) $714
Average Assets, year-to-date $46,560
Average Assets, quarterly $9,171
Volatile liabilities $50,868
Insider loans $51,402
FHLB advances $42,695
Loans and leases held for sale $51,485
Unused loan commitments $507
Tier 1 (core) risk-based capital $507
Tier 2 risk-based capital $5,894
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $10,023
Derivatives$478
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $2,491
Total interest expense $222
Net interest income $2,269
Provision for loan and lease losses $0
Total noninterest income $116
Fiduciary activities $0
Service charges on deposit accounts $78
Trading account gains & fees $0
Additional noninterest income $38
Total noninterest expense $1,699
Salaries and employee benefits $1,120
Premises and equipment expense $279
Additional noninterest expense $300
Pre-tax net operating income $686
Securities gains (losses) $0
Applicable income taxes $14
Income before extraordinary items $672
Extraordinary gains - net $0
Net income attributable to bank $672
Net charge-offs $0
Cash dividends $672
Sale, conversion, retirement of capital stock, net -$23
Net operating income $438
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.41%
Cost of funding earning assets 0.48%
Net interest margin 4.93%
Noninterest income to earning assets 0.25%
Noninterest expense to earning assets 3.69%
Net operating income to assets 1.32%
Return on assets (ROA) 1.32%
Pretax return on assets 1.35%
Return on equity (ROE) 10.51%
Retained earnings to average equity (YTD only) 3.66%
Net charge-offs to loans -0.07%
Credit loss provision to net charge-offs 0.00%
Efficiency ratio0.00%
Assets per employee$71,237
Cash dividends to net income (YTD only)3.64%
Condition Ratios (%)
Loss allowance to loans 65.18%
Loss allowance to noncurrent loans 1.25%
Noncurrent assets plus other real estate owned to assets 2240.00%
Noncurrent loans to loans 0.04%
Net loans and leases to deposits0.06%
Net loans and leases to core deposits 80.73%
Equity capital to assets 80.73%
Core capital (leverage) ratio 12.98%
Tier 1 risk-based capital ratio 11.45%
Total risk-based capital ratio 13.80%
Memoranda
Average assets$15
Average earning assets$50,868
Average equity $6,395
Average loans $46,038
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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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