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

This bank is inactive as of November 01, 2003

  • First State Bank of Sinai in Sinai, South Dakota (SD)
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First State Bank of Sinai - Overview

  • 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

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, 2002)

  • Dollar figures in thousands
  • 5Total employees (full-time equivalent)
  • $17,979Total assets
  • $1,528Cash and due from depository institutions
  • $588Interest-bearing balances
  • $864Securities
  • $915Federal funds sold & reverse repurchase agreements
  • $14,048Net loans & leases
  • $187Loan loss allowance
  • $0Trading account assets
  • $155Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $469All other assets
  • $17,979Total liabilities and capital
  • $15,297Total liabilities
  • $15,122Total deposits
  • $13,647Interest-bearing deposits
  • $15,122Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $175All other liabilities
  • $2,682Total equity capital
  • $2,682Total bank equity capital
  • $2,682Perpetual preferred stock
  • $0Common stock
  • $25Surplus
  • $500Undivided profits
  • Memoranda
  • $2,157Noncurrent loans and leases
  • $3,367Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $60Earning assets
  • $0Long-term assets (5+ years)
  • $378Average Assets, year-to-date
  • $16,415Average Assets, quarterly
  • $225Volatile liabilities
  • $17,466Insider loans
  • $17,599FHLB advances
  • $2,156Loans and leases held for sale
  • $308Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $3,367Total unused commitments
  • $0Restructured Loans and leases
  • $182Derivatives

Income and Expense (December 31, 2002)

  • Dollar figures in thousands
  • $1,135Total interest income
  • $463Total interest expense
  • $672Net interest income
  • $10Provision for loan and lease losses
  • $108Total noninterest income
  • $0Fiduciary activities
  • $50Service charges on deposit accounts
  • $0Trading account gains & fees
  • $58Additional noninterest income
  • $486Total noninterest expense
  • $308Salaries and employee benefits
  • $36Premises and equipment expense
  • $142Additional noninterest expense
  • $284Pre-tax net operating income
  • $0Securities gains (losses)
  • $94Applicable income taxes
  • $190Income before extraordinary items
  • $0Extraordinary gains - net
  • $190Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $11Sale, conversion, retirement of capital stock, net
  • $25Net operating income

Performance and Condition Ratios (December 31, 2002)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.00%Yield on earning assets
  • 2.86%Cost of funding earning assets
  • 4.14%Net interest margin
  • 0.67%Noninterest income to earning assets
  • 3.00%Noninterest expense to earning assets
  • 1.09%Net operating income to assets
  • 1.09%Return on assets (ROA)
  • 1.63%Pretax return on assets
  • 7.32%Return on equity (ROE)
  • 6.36%Retained earnings to average equity (YTD only)
  • 0.08%Net charge-offs to loans
  • 90.91%Credit loss provision to net charge-offs
  • 26.73%Efficiency ratio
  • 62,308Assets per employee
  • 3.60%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 13.16%Loss allowance to loans
  • 1.31%Loss allowance to noncurrent loans
  • 311.67%Noncurrent assets plus other real estate owned to assets
  • 0.33%Noncurrent loans to loans
  • 0.42%Net loans and leases to deposits
  • 92.90%Net loans and leases to core deposits
  • 108.34%Equity capital to assets
  • 14.92%Core capital (leverage) ratio
  • 14.39%Tier 1 risk-based capital ratio
  • 18.43%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $17,466Average earning assets
  • $2,595Average equity
  • $16,213Average loans

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