First State Bank of Claremont in city_name, state_name - Detailed Financial Reports, Location

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

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

No	ID	Name	Address	Established	Service Type
0	351	First State Bank Of Claremont	7 East Highway 12, Groton, SD 57445	January 01, 1903	Full Service Brick and Mortar
1	181718	Columbia Branch	Main Street, Columbia, SD 57433	September 01, 1953	Full Service Brick and Mortar
2	419745	Claremont Branch	602 6th Ave, Claremont, SD 57432	October 07, 2002	Full Service Brick and Mortar
3	6355	Langford Office	Main Street, Langford, SD 57454	August 13, 1903	Full Service Brick and Mortar

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

First State Bank of Claremont - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

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

First State Bank of Claremont - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

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