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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