First State Bank of Sinai in Sinai, South Dakota (SD)
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| First State Bank of Sinai | |
|---|---|
| General | FDIC Certificate #: 498 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution: Citizens State Bank, of Arlington (#1118) Federal Reserve ID: 324751 Date Established: January 01, 1907 WWW: http://www.siteit.comsinaibank/ Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 359 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: Yes Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: November 01, 2003 Last Structure Change Process Date: December 23, 2003 Last Data Update: December 23, 2003 Data Source Date: April 05, 2012 |
| Location | Address: Main Street, Sinai, SD 57061 County: Brookings 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): Brookings, SD (#15100) CBSA Micro Statistical Area: Yes |
| Financial Summary | Total assets: $19.6 mil |
| Assets and Liabilities (December 31, 2002) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 5 |
| Total assets | $17,979 |
| Cash and due from depository institutions | $1,528 |
| Interest-bearing balances | $588 |
| Securities | $864 |
| Federal funds sold & reverse repurchase agreements | $915 |
| Net loans & leases | $14,048 |
| Loan loss allowance | $187 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $155 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $0 |
| All other assets | $469 |
| Life insurance assets | $0 |
| Total liabilities and capital | $17,979 |
| Total liabilities | $15,297 |
| Total deposits | $15,122 |
| Interest-bearing deposits | $13,647 |
| Deposits held in domestic offices | $15,122 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $175 |
| Total equity capital | $2,682 |
| Total bank equity capital | $2,682 |
| Perpetual preferred stock | $2,682 |
| Common stock | $0 |
| Surplus | $25 |
| Undivided profits | $500 |
| Memoranda | |
| Noncurrent loans and leases | $2,157 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $3,367 |
| Income earned, not collected on loans | $0 |
| Earning assets | $60 |
| Long-term assets (5+ years) | $0 |
| Average Assets, year-to-date | $378 |
| Average Assets, quarterly | $16,415 |
| Volatile liabilities | $225 |
| Insider loans | $17,466 |
| FHLB advances | $17,599 |
| Loans and leases held for sale | $2,156 |
| Unused loan commitments | $308 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $0 |
| Total risk weighted assets | $0 |
| Total unused commitments | $3,367 |
| Restructured Loans and leases | $0 |
| Derivatives | $182 |
| Income and Expense (December 31, 2002) (Dollar figures in thousands) | |
| Total interest income | $1,135 |
| Total interest expense | $463 |
| Net interest income | $672 |
| Provision for loan and lease losses | $10 |
| Total noninterest income | $108 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $50 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $58 |
| Total noninterest expense | $486 |
| Salaries and employee benefits | $308 |
| Premises and equipment expense | $36 |
| Additional noninterest expense | $142 |
| Pre-tax net operating income | $284 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $94 |
| Income before extraordinary items | $190 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $190 |
| Net charge-offs | $0 |
| Cash dividends | $0 |
| Sale, conversion, retirement of capital stock, net | $11 |
| Net operating income | $25 |
| Performance and Condition Ratios (December 31, 2002) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 7.00% |
| Cost of funding earning assets | 2.86% |
| Net interest margin | 4.14% |
| Noninterest income to earning assets | 0.67% |
| Noninterest expense to earning assets | 3.00% |
| Net operating income to assets | 1.09% |
| Return on assets (ROA) | 1.09% |
| Pretax return on assets | 1.63% |
| Return on equity (ROE) | 7.32% |
| Retained earnings to average equity (YTD only) | 6.36% |
| Net charge-offs to loans | 0.08% |
| Credit loss provision to net charge-offs | 90.91% |
| Efficiency ratio | 26.73% |
| Assets per employee | $62,308 |
| Cash dividends to net income (YTD only) | 3.60% |
| Condition Ratios (%) | |
| Loss allowance to loans | 13.16% |
| Loss allowance to noncurrent loans | 1.31% |
| Noncurrent assets plus other real estate owned to assets | 311.67% |
| Noncurrent loans to loans | 0.33% |
| Net loans and leases to deposits | 0.42% |
| Net loans and leases to core deposits | 92.90% |
| Equity capital to assets | 108.34% |
| Core capital (leverage) ratio | 14.92% |
| Tier 1 risk-based capital ratio | 14.39% |
| Total risk-based capital ratio | 18.43% |
| Memoranda | |
| Average assets | $20 |
| Average earning assets | $17,466 |
| Average equity | $2,595 |
| Average loans | $16,213 |
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BankEncyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.