First Western Bank in Rapid City, South Dakota (SD)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 01, 2004

  • First Western Bank in Rapid City, South Dakota (SD)
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First Western Bank - Overview

  • General
  • FDIC Certificate #: 21131
    Status: Inactive
    Closing history: Participated in Reorganization
    Acquiring institution: First Western Bank (#488)
    Federal Reserve ID: 356350
    Date Established: June 25, 1973
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 3 (Interstate: No)
    OTS Docket #: 14791
    FDIC's unique #: 14608
    Numeric code: 13
    Regulator: FED
    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: June 25, 1973
    Last Structure Change Effective Date: January 01, 2004
    Last Structure Change Process Date: January 28, 2004
    Last Data Update: January 28, 2004
    Data Source Date: April 05, 2012
  • Location
  • Address: 632 Main Street, Rapid City, SD 57701
    County: Pennington
    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
    Metropolitan Statistical Area (MSA): Rapid City, SD (#6660)
    Core Based Statistical Area (CBSA): Rapid City, SD (#39660)
    CBSA Metro Statistical Area: Rapid City, SD (#39660)
  • History of Changes
  • Merger - Without Assistance
    Participated in Reorganization
  • Financial Summary
  • Total assets: $176.2 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, 2003)

  • Dollar figures in thousands
  • 45Total employees (full-time equivalent)
  • $176,176Total assets
  • $5,062Cash and due from depository institutions
  • $6Interest-bearing balances
  • $12,961Securities
  • $5,300Federal funds sold & reverse repurchase agreements
  • $143,367Net loans & leases
  • $1,906Loan loss allowance
  • $0Trading account assets
  • $6,907Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $2,579All other assets
  • $176,176Total liabilities and capital
  • $157,157Total liabilities
  • $145,440Total deposits
  • $121,042Interest-bearing deposits
  • $145,440Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $2,657Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $8,000Other borrowed funds
  • $0Subordinated debt
  • $1,060All other liabilities
  • $19,019Total equity capital
  • $19,019Total bank equity capital
  • $19,019Perpetual preferred stock
  • $0Common stock
  • $666Surplus
  • $12,532Undivided profits
  • Memoranda
  • $5,821Noncurrent loans and leases
  • $23,662Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $701Earning assets
  • $0Long-term assets (5+ years)
  • $1,037Average Assets, year-to-date
  • $161,634Average Assets, quarterly
  • $16,947Volatile liabilities
  • $175,671Insider loans
  • $175,871FHLB advances
  • $41,014Loans and leases held for sale
  • $98Unused loan commitments
  • $8,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $408Total risk weighted assets
  • $23,662Total unused commitments
  • $0Restructured Loans and leases
  • $1,906Derivatives

Income and Expense (December 31, 2003)

  • Dollar figures in thousands
  • $10,149Total interest income
  • $3,870Total interest expense
  • $6,279Net interest income
  • $487Provision for loan and lease losses
  • $900Total noninterest income
  • $0Fiduciary activities
  • $333Service charges on deposit accounts
  • $0Trading account gains & fees
  • $567Additional noninterest income
  • $4,149Total noninterest expense
  • $2,036Salaries and employee benefits
  • $722Premises and equipment expense
  • $1,391Additional noninterest expense
  • $2,543Pre-tax net operating income
  • $82Securities gains (losses)
  • $930Applicable income taxes
  • $1,695Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,695Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $244Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2003)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.34%Yield on earning assets
  • 2.42%Cost of funding earning assets
  • 3.92%Net interest margin
  • 0.56%Noninterest income to earning assets
  • 2.59%Noninterest expense to earning assets
  • 0.93%Net operating income to assets
  • 0.96%Return on assets (ROA)
  • 1.49%Pretax return on assets
  • 9.31%Return on equity (ROE)
  • 9.31%Retained earnings to average equity (YTD only)
  • 0.18%Net charge-offs to loans
  • 199.59%Credit loss provision to net charge-offs
  • 12.42%Efficiency ratio
  • 57,794Assets per employee
  • 3.92%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.31%Loss allowance to noncurrent loans
  • 271.90%Noncurrent assets plus other real estate owned to assets
  • 0.40%Noncurrent loans to loans
  • 0.48%Net loans and leases to deposits
  • 98.57%Net loans and leases to core deposits
  • 129.06%Equity capital to assets
  • 10.80%Core capital (leverage) ratio
  • 10.70%Tier 1 risk-based capital ratio
  • 11.77%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $175,671Average earning assets
  • $18,215Average equity
  • $160,057Average loans

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